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Nokia Oyj (BUE:NOK) Cyclically Adjusted Price-to-FCF : 31.38 (As of May. 24, 2024)


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What is Nokia Oyj Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Nokia Oyj's current share price is ARS4810.50. Nokia Oyj's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS153.29. Nokia Oyj's Cyclically Adjusted Price-to-FCF for today is 31.38.

The historical rank and industry rank for Nokia Oyj's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BUE:NOK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.11   Med: 24.84   Max: 396.4
Current: 28.19

During the past years, Nokia Oyj's highest Cyclically Adjusted Price-to-FCF was 396.40. The lowest was 3.11. And the median was 24.84.

BUE:NOK's Cyclically Adjusted Price-to-FCF is ranked better than
52.04% of 930 companies
in the Hardware industry
Industry Median: 30.555 vs BUE:NOK: 28.19

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Nokia Oyj's adjusted free cash flow per share data for the three months ended in Mar. 2024 was ARS157.178. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is ARS153.29 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nokia Oyj Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Nokia Oyj's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nokia Oyj Cyclically Adjusted Price-to-FCF Chart

Nokia Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.77 317.06 178.68 56.54 29.82

Nokia Oyj Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.19 50.43 50.61 29.82 25.80

Competitive Comparison of Nokia Oyj's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Nokia Oyj's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nokia Oyj's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Cyclically Adjusted Price-to-FCF falls into.



Nokia Oyj Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Nokia Oyj's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=4810.50/153.29
=31.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nokia Oyj's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Nokia Oyj's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=157.178/122.3600*122.3600
=157.178

Current CPI (Mar. 2024) = 122.3600.

Nokia Oyj Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.913 100.147 2.337
201409 0.988 100.726 1.200
201412 0.349 100.229 0.426
201503 -0.649 100.120 -0.793
201506 -0.894 100.030 -1.094
201509 1.171 100.130 1.431
201512 1.311 99.990 1.604
201603 -4.779 100.080 -5.843
201606 -1.960 100.390 -2.389
201609 0.229 100.540 0.279
201612 1.117 101.020 1.353
201703 -1.799 100.910 -2.181
201706 2.927 101.140 3.541
201709 -3.335 101.320 -4.028
201712 7.423 101.510 8.948
201803 -1.646 101.730 -1.980
201806 -4.891 102.320 -5.849
201809 -1.683 102.600 -2.007
201812 9.159 102.710 10.911
201903 -7.277 102.870 -8.656
201906 -9.441 103.360 -11.176
201909 2.986 103.540 3.529
201912 16.235 103.650 19.166
202003 -0.245 103.490 -0.290
202006 3.340 103.320 3.956
202009 4.901 103.710 5.782
202012 13.042 103.890 15.361
202103 21.735 104.870 25.360
202106 -0.141 105.360 -0.164
202109 12.127 106.290 13.960
202112 6.520 107.490 7.422
202203 7.668 110.950 8.457
202206 -3.226 113.570 -3.476
202209 6.675 114.920 7.107
202212 11.700 117.320 12.203
202303 -5.579 119.750 -5.701
202306 -21.297 120.690 -21.592
202309 -29.826 121.280 -30.092
202312 122.660 121.540 123.488
202403 157.178 122.360 157.178

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Nokia Oyj  (BUE:NOK) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Nokia Oyj Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Nokia Oyj's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Nokia Oyj (BUE:NOK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (BUE:NOK) » Definitions » Cyclically Adjusted Price-to-FCF
Address
Karakaari 7, Espoo, FIN, FI-02610
Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.

Nokia Oyj (BUE:NOK) Headlines

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