AlphaMadera's AlphaVal page computes Nokia Oyj's fair value using a multi-method blend (DCF, comparable-multiples, and Graham-style intrinsic value), then compares it to the current market price to flag NOK as undervalued, fairly valued, or overvalued.

What is Nokia Oyj's fair value?

Fair value for NOK is a model output combining discounted cash flow projections, peer-group multiples, and a Graham number floor. The live AlphaVal page shows the blended fair value alongside each method's individual estimate.

How does AlphaMadera value NOK?

AlphaVal uses three primary techniques: a five-year discounted-cash-flow projection with terminal multiple, peer-group multiple analysis (P/E, EV/EBITDA, P/S), and Graham's defensive-investor intrinsic-value formula. Inputs come from NOK's most recent reported fundamentals.

NOK - Nokia Oyj

Price: -- -- | CONSENSUS: Buy DETAILS | PRICE TARGET: $17.50 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate

Trading 27.2% above fair value

Current Price $11.68

Bear Case $7.34 37.1% downside ($7.34 - $11.68) / $11.68 = -37.1% $0.31 × 12x P/E

Fair Value $9.18 21.4% downside ($9.18 - $11.68) / $11.68 = -21.4% $0.31 × 15x P/E

Bull Case $11.00 5.8% downside ($11.00 - $11.68) / $11.68 = -5.8% $0.31 × 18x P/E

Adjust Assumptions

P/E Multiple

15.0x

Adjusted EPS

0.31$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 37.3x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $17.50 from 52 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $9.18 per share.

Warnings

⚠ The company's reported profits differ from official accounting profits by 149%. Check what costs are being left out of the adjusted number.

⚠ The company pays out 130% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.

ℹ Wall Street's average price target is $17.50 (from 52 analysts). Our estimate is 73% below the consensus -- consider that gap carefully.

ℹ Financial statements were converted from EUR into USD using EURUSD at 1.1425 USD per EUR.

Key Risks

Growth DCF inappropriate — terminal value assumptions dominate
EV/EBITDA misleading for regulated businesses where capex is mandated
Regulatory risk is a fat tail not visible in normal multiples