NOK Nokia Corporation
Exchange
NYSESector
TechnologyIndustry
Radio And Television Broadcasting And Communications EquipmentMarket Cap.
13.494B
Competitive Industry over the past 10 years
NOK is likely operating in an industry with medium to low barriers to entry.
This may mean that NOK doesn't have a characteristic that's hard to replicate, such as exclusive distribution, branding or the ability to keep costs low.
If Gross Margins are at least satisfactory, it's likely that NOK invests heavily in R&D and Sales, General & Administrative expenses.
Only $8.10 of every $100 of Revenue have been profit, on average over the past 10 years.
Only $8.10 of every $100 of Revenue have been profit, on average over the past 10 years.
Figures in EUR. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Net Income | 3.38B | 3.58B | 3.20B | 3.63B | 4.31B | 7.20B | 4.00B | 891.00M | 1.85B | -1.16B |
| divided by | ||||||||||
| Revenue | 30.04B | 29.36B | 29.17B | 34.31B | 41.16B | 51.00B | 50.91B | 40.98B | 42.45B | 38.66B |
| Net Profit Margin | 11.26% | 12.20% | 10.96% | 10.58% | 10.47% | 14.11% | 7.86% | 2.17% | 4.36% | -3.01% |
Shrinking Pricing Power over the past 10 years
NOK has shrinking gross margins, suggesting that they are no longer able to set prices without consideration of the cost of goods sold.
As gross margins shrink, NOK's flexibility to weather inflationary enviroments will diminish, which weakens their overall economic moat.
Look at its future prospects to determine sustainability and whether the economic moat will continue to shrink or if it will rebound.
$34.62 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
$34.62 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in EUR. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Gross Profit | 11.75B | 12.18B | 11.10B | 12.02B | 13.39B | 17.28B | 17.44B | 13.26B | 12.82B | 11.32B |
| divided by | ||||||||||
| Revenue | 30.04B | 29.36B | 29.17B | 34.31B | 41.16B | 51.00B | 50.91B | 40.98B | 42.45B | 38.66B |
| Gross Margin | 39.11% | 41.48% | 38.04% | 35.05% | 32.53% | 33.89% | 34.26% | 32.36% | 30.20% | 29.28% |
Low Capital Intensity over the past 10 years
NOK has consistently used a small portion of their Net Income buying new equipment or investing in new facilities.
This indicates that NOK may require minimal investment to stay competitive.
This leaves them with extra money to spend on growing their business and potentially buying back stock.
23.74% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
23.74% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in EUR. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Capital Expenditure | 432.63M | 430.49M | 545.89M | 608.71M | 777.31M | 870.69M | 1.02B | 558.00M | 679.00M | 597.00M |
| divided by | ||||||||||
| Net Income | 3.38B | 3.58B | 3.20B | 3.63B | 4.31B | 7.20B | 4.00B | 891.00M | 1.85B | -1.16B |
| Capital Expenditure Ratio | 12.79% | 12.02% | 17.08% | 16.78% | 18.04% | 12.10% | 25.57% | 62.63% | 36.70% | -51.29% |