NOK Stock Report
2-Year Price History
Recent Price
(7/2 4:17PM)
-1.4%
$14.56
52-Week Price
$8.47 - $27.99
Market Capitalization
$55.3 Billion
Most Recent Dividend
$0.78
Ockham's Rating
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NOK Revenue
For a long time, value investors have used the current share price relative to sales per share levels as an important valuation tool. We utilize a historical weighted average methodology that treats recent years more importantly in the calculation. When looking at NOK through this framework, we can see that our weighted average historical high and low Price to Sales per share ratios over the last 10 years are 2.72x and 1.30x respectively.
Utilizing this range we can see that NOK’s current Price to Sales per share ratio of 0.64x is significantly below its average levels historically. In fact, with a current price of $14.56, NOK is a full 68% below its average Price to Sales ratio at comparable sales levels. This is a rare occurrence and, when taken in context of the other areas of our analysis, can be a strong positive for our outlook for NOK.
NOK Cash Earnings
As a value investment framework, Ockham Research is similar to a private equity firm in terms of our valuation methods. We are always on the lookout for value in the form of sales and cash numbers. In the case of NOK, Ockham views their current Cash Earnings as significantly below its historical average multiple of cash earnings as calculated by Ockham. Similar to our analysis of sales per share, Ockham looks at the last 10 years of cash earnings levels for NOK to identify where the current high and low price levels have been historically in relation to profit per share. Again, we utilize a weighted average methodology which relies more heavily on recent years of data. This weighted average framework provides us with an average high Price to Cash Earnings ratio per share of 20.12 and a 9.50 low over the same period.
Now that NOK’s current price is $14.56 and its Price to Cash Earnings ratio is 7.07, we are very positive on its outlook from the cash earnings perspective. In fact, NOK is now trading a full 53% below its average historical Price to Cash Earnings ratio at these profit per share levels. When our clients ask us why NOK has great long term potential, the Cash Earnings levels to current stock is one of our primary reasons. But naturally, now we need for the overall market to recognize this disparity.
NOK Dividends
While it is not necessary to pay an attractive dividend or a dividend at all, to receive a positive rating from Ockham, we view dividends as an additionally helpful measure in determining the future potential of any company.
In NOK’s case, the estimated annual dividend is $0.52 resulting in a current dividend yield of 3.57%. Similar to our review of Sales and Cash Earnings per share, we evaluate dividend yields from NOK against the historic high and low levels over the past 10 years. The highest dividend yield from NOK over this period was 6.47% while the lowest dividend yield was 0.32% Therefore, the current dividend yield of NOK is above the historical median by 5.15%. This is definitely a positive in our view.
The latest TV Media Discussion
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“…Sid and csm and brazil. Even mccow which is a global player. So I like steel for the second half of the year in emerging and I like the cellulars and I know you were talking about the handset side with NOKIA, and youio know how I feel about that. You have a handful of cellular names and the preeminent players is vif owe telecom, viv, where these guys are seeing …” …more details…
“…Performer in the dow industrials and window seven lines up perfectly that the entire world is anticipating and I think microsoft, you have to own it. >> careen in wisconsin writes, what do you think of NOKIA now that it has been downgraded to an underperform and are you still bullish on your name? Answer, karen. >> I did view the piece that was …” …more details…
“…For the series. It's too much money and they'll lose the smartphone percentage and right now research in motion has 20%, NOKIA will lose that >> I think oracle is here with the tight stop. I think above 22 and you blow out, but I think oracle has room this is a stock that went from …” …more details…
“…>> you're bullish on palm and rim and does it make you less bullish than the fine phone that sits there. We talked about it time and time still intel off of the whole NOKIA story right now, just because of the new marriage those two have. When you look at NOKIA, they charge too much for the phones. You've got to drop the price, when you look at every other smartphone out there, they're …” …more details…
“…Motion was started at an outperform by bmo. You can see the research in motion was the one with the up arrow. The other names, motorola and erickson got market perform and NOKIA underperform. Other names, retailers and the movers, but we're wrapping up a stellar quarter pe had the s&p up approximately 16%. The nasdaq up more than 20%. …” …more details…
“…Legs to go in the second half with new products in the the market share to grap. Not to say that palm comes at the expense of the other players, including research in motion and NOKIA. What about apple? I phone sales sell well and the same with max and ipod and steve jobs is back to work. …” …more details…
“…Thanks so much. Michael branski over at rbc. What's your favorite smart phone maker? >> it's still NOKIA for me. We talked about apple's 1.5% share, NOKIA's 35%, that's the number I like and the number that dwarfs everybody else. >> palm pulled back today, could be big volume you wonder if people piled in late on that name, they're going to get themselves squeezed. …” …more details…
“…$10, $20, $30. They will use it to the research in motion and iphone. I love NOKIA as much as you do. >> I think they have both spectrums. They have the cheap handsets and the access into the low and medium-level consumer in the but they leave the martphone market with the margins. …” …more details…
“…Last several days. It's an exclusive provider. They are up 7% the last couple sessions. It's not exciting in terms of growth, but it's giving to it >> a big week with technology. The intel deal with NOKIA is I think it's great for NOKIA, but I like it for intel. Intel will be exposed not just in netbooks and everything else in computers, but they are going with NOKIA, the biggest and the even if NOKIA sticks with the low-end range, which is where they make the strides, you got to like the fact that intel will be with the phones. It will be huge. >> I hate to beat the drum all …” …more details…
“…They could ship three or four minute, and you know this estimates and means expectations have come up and they'll be higher, because they beat on revenue and the good news is, it is a billion units market and you don't have to be NOKIA and you could have a small fraction and sell millions of units and the bad news is, prices are coming down, and the same time you have to put in more money, to make them more complex, and research in motion, is finding this and apple's gross margin is …” …more details…
“…Mouth is, literally, buy yum, >> that chicken is not bad.E >> let's eat. >> net books own the space already in the chip book, intel. The deal with NOKIA, they are they are elvis. They own the space. That is a stock that is going >> i'm melissa lee, thank you for watching. See you tomorrow on "the fast have a great night. …” …more details…
“…Missed that. Let's head to our prop desk for the best propriety ideas. Intel announced it expanded its relationship with NOKIA. What will this partnership mean for intel or NOKIA, for that matter? >> I liked NOKIA. The last couple of weeks haven't been stellar for NOKIA. I still like NOKIA very much. I think there is a lot of growth there. Valuation is good. >> I like this from intel's perspective. They are going back to the they had a $5 billion business …” …more details…
“…>> number one, devu circuits. S&p leader today. They report after hours. They make networking gear for companies like cisco, NOKIA and h. P., estimated with a profit of 2-cents per share. Markets liking that news, stocks up almost 8%. …” …more details…
“…Elizabeth warren of the consumer protection agency, and "power >> this is cnbc.Com news now. >> intel struck a deal with NOKIA to sell mobile commuting chips. The general reports that huntsman will receive $1.7 million in a settlement between deutsche bank. Hutsman accused the bank of …” …more details…
“…I'm jim goldman in the silicon valley bureau. A major break through with there is a development deal to create a new platform, as both NOKIA and intel try to build a new realm of mobile processor both companies have had a long and while news of the supply deal had been making headlines since last evening, this announcement goes far deeper. …” …more details…
“…>> existing home sales rose 2.4% in may, a small er increase than economists were anticipating. The national association of realtors say that matches the increase in april. And NOKIA will apply chips for mobile phones. They are about to announce details in a conference call. >>> boeing shares are lowering after a delay in the first flight of its 787 dream liner …” …more details…
“…And then intel, bloomberg store, I hate to talk them up too much, but they've got a good story it they might be announcingeing in a conference call they'll be making chips for NOKIA cell phones so that's a big, big, erin. >> thank you, matt. Boeing stocks, conference call in progress. …” …more details…
“…Be appealable. But the market is voting right conference call later today, intel new chip manufacturing agreement, intel for NOKIA, will have effect on texas palm higher, after an upgrade at credit suisse, they one very going to 18. …” …more details…
“…Pretty good volume in the premarket. Bloomberg news has a story out that they this afternoon on a conference call will make chips for NOKIA mobile phone. The market believes that rate also shares of palm, 2.6% higher in the premarket, the estimates, the bright target, all going …” …more details…
“…Be replaced no matter what. >> who's the replacement? Charles: let's move on to intel big deal with NOKIA. A few years ago intel abandoned their whole wireless devices they felt like they were late to the party. Now they want to play catchup. Is this good news? >> fantastic news. …” …more details…
“…Iphone 3gs sales blew past xpgsz, with apple selling 1 million units, or twice the original estimates. That's good news for apple but maybe not for anyone else doing business in the smartphone sector, including rim, NOKIA, palm, google, and microsoft. In connection to the speculation surrounding jobs and his possible return to the company, with apple officials trying to get some guidance on that very …” …more details…
“…Come into this energy space at a certain point. Alcotel loosened from underperform to neutral at merrill lynch. They say that the NOKIA-siemens is stronger based on some nortel asset purchases. Level three rising here today. They've done a debt exchange deal, bumping out of convertible …” …more details…
“…High-speed data, marvel and tech didn't last either, although one is making a comeback. In each case these companies were all suppliers and they were at the mercy of whomever they were selling to. NOKIA, crisco at the time nortel, boy, they crashed. Juniper networks. And if the host didn't like them or switched from them, they did just fell off a cliff. You see, the suppliers are virtually all interchangeable. …” …more details…
“…Talking about the smartphone and the pre. The n-86 is a big name and the music express 8,300 is a slightly cheaper phone that will begin to try to challenge apple on the music side. NOKIA is the best of breed, this is the company they are all trying to be. This is the company that to me is best positioned globalally. You know what I say about them in emerging markets. >> you were dying to whip it >> stock of the week,baby, I …” …more details…
“…As exciting of that graphic where I had a lot of ladies chasing me on a very scrawny they got to do better next time. We've been talking about the we have to talk about NOKIA. When it comes to the segment, size is an advantage. These guys are 35% of the the handset data points are much better. We're seeing it in china. …” …more details…
“…Be powered by silicon, solar intel is a leader in the research and development of those cells. Laptop turns on. Solar cells. Nice and easy. Maybe in our lifetimes. >> NOKIA has a phone they are developing now that just charges with the electrical stuff in the air. >> I wonder if we can put some solar cells on the house. I'm hot! >> i'm going to get hotted down …” …more details…
“…>>> research in motion, I know it's disappointing to people but it should not put a crimp on the giant 3g rollout, NOKIA, apple, don't go selling the stock. Use the weakness to buy the stock, do homework on them. Go to rf microtonight. Will try to find it just for you on "mad money." …” …more details…
“…Just look at one data point of one company to throw away the whole 3g thesis. Is that right? >> that's absolutely correct. A lot of people underestimate the volume players like NOKIA and samsung and their smart I just returned from asia last I have to tell you, the 3g market is doing extremely well. It's the only growth segment that we're seeing in the handset …” …more details…
“…The first and second quarter are blips. Longerterm, this is still a company with a very good opportunity ahead of it. And not just ruch in motion, but apple and palm and NOKIA and google-based phones and microsoft-based phones. Smart phones is where you want to be in this sector. You mentioned rbc's $100 target. That does not seem any less …” …more details…
“…Consumption and they work lows. >> who is the front runner in that battle, peter, right now. >> in the race of china or the network usage battle? Race in china right now is NOKIA, and other bunch of white box label makers. Low-end phones are the order of the day in china. But we I think it's going to and we think china, unicome and …” …more details…
“…Can the iphone and blackberry both have huge success if there are one or two other players that gain traction? >> yeah. I think is there room for those two for sure in this environment. NOKIA is the one we think will be a casualty, as apple, r.I.M. And even palm battle it out on the smart phone front. We think that NOKIA is -- would be a casualty there. >> peter, when you look at the future of the smart phone makers, among them research in motion, how dependent are they going to be on a full recovery of the u.S. Consumer versus …” …more details…
“…>> don't let jim go! Smart compliments to everybody -- >> what'd he call you? Intelligent question. >> NOKIA, he said there's only 20% saturation. Why wouldn't you want to own NOKIA? Market is going to grow, you go with the biggest player who nobody thinks is a smartphone >> and is motorola really that handicapped in this market? …” …more details…
“…Really smart estimates there. It's in line with what we're thinking, but we also think you've got to keep an eye on the >> just quickly, jim. If apple, if palm, if rimm can all grow in this market, who loses out, is it NOKIA? >> great observation. Actually, we think the people who are losing out are motorola and sony ericsson. Those two companies keep tripping everywhere you turn around the corner. They're falling on themselves. …” …more details…
“…Still opportunity there. >> dagen: we can take a quick look at the top ten before you take a break, but it's essentially the same top ten you've had for months. >> dagen: start with symantec, NOKIA, you name it, progressive one of your top holdings. >> all big cash flow generators balance sheets and you have to be in businesses that we think even if it's not very much. …” …more details…
“…Disgruntled customers. It comes as research in unveils its new blackberry tour today t became the hottest selling handset a few weeks ago. NOKIA is making strides in the far east and microsoft and google are also selling well. So much talk about the 3gs as well, gut let's not forget …” …more details…
“…Says neil cavuto may have a brain tumor provide don't know for sure I can run the extra test just to be sure but I don't think I will. If you're NOKIA -- and neil cavuto you want him to run the test. My concern is not the doctors that run up the bill to go the extra mile my concern is the doctors to run up the bill to …” …more details…
“…Tides floating a lot of different boats. There's enough room clearly in this sector for many different it doesn't necessarily need to be just palm or just apple or just NOKIA or just research in all of these companies stand to get a very healthy chunk of the >> and another winner on the chip side would be marvel. Phenomenal week as well. …” …more details…
“…There is not a palm preavailable. That is a product that is >> you like the pre? >> absolutely like palm. Someone should have bought palm. Like NOKIA. >> there is a time we are all looking. >> people just don't have the guts to pull the trigger. Palm is real. >> one more name. …” …more details…
“…Interested and interesting for the phone guiles sguys as well. Like NOKIA. If things are good for qualcomm, things should be good. >> NOKIA feels the pressure to cut prices. >> I know jeff is not a NOKIA I just think the valuation and their presence in the markets around the world, I like NOKIA. >>> next, the new normal. We've looked at the changing economic environment and trades in the aftermath of the tonight's topic is inflation. Steve cortez, founding of …” …more details…