Nokia Oyj
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, rest of the Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper… Read more
Nokia Oyj (NOKIA) - Net Assets
Latest net assets as of September 2025: €19.67 Billion EUR
Based on the latest financial reports, Nokia Oyj (NOKIA) has net assets worth €19.67 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€36.04 Billion) and total liabilities (€16.37 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €19.67 Billion |
| % of Total Assets | 54.58% |
| Annual Growth Rate | 7.52% |
| 5-Year Change | 64.19% |
| 10-Year Change | 98.19% |
| Growth Volatility | 28.15 |
Nokia Oyj - Net Assets Trend (1995–2024)
This chart illustrates how Nokia Oyj's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nokia Oyj (1995–2024)
The table below shows the annual net assets of Nokia Oyj from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €20.75 Billion | +0.58% |
| 2023-12-31 | €20.63 Billion | -3.72% |
| 2022-12-31 | €21.43 Billion | +22.70% |
| 2021-12-31 | €17.46 Billion | +38.19% |
| 2020-12-31 | €12.64 Billion | -17.95% |
| 2019-12-31 | €15.40 Billion | +0.20% |
| 2018-12-31 | €15.37 Billion | -5.22% |
| 2017-12-31 | €16.22 Billion | -22.68% |
| 2016-12-31 | €20.97 Billion | +100.36% |
| 2015-12-31 | €10.47 Billion | +20.75% |
| 2014-12-31 | €8.67 Billion | +30.17% |
| 2013-12-31 | €6.66 Billion | -29.50% |
| 2012-12-31 | €9.45 Billion | -32.11% |
| 2011-12-31 | €13.92 Billion | -14.26% |
| 2010-12-31 | €16.23 Billion | +10.05% |
| 2009-12-31 | €14.75 Billion | -10.88% |
| 2008-12-31 | €16.55 Billion | -4.70% |
| 2007-12-31 | €17.37 Billion | +44.00% |
| 2006-12-31 | €12.06 Billion | -2.36% |
| 2005-12-31 | €12.35 Billion | -14.21% |
| 2004-12-31 | €14.40 Billion | -5.82% |
| 2003-12-31 | €15.29 Billion | +5.65% |
| 2002-12-31 | €14.47 Billion | +16.46% |
| 2001-12-31 | €12.42 Billion | +12.77% |
| 2000-12-31 | €11.02 Billion | +46.45% |
| 1999-12-31 | €7.52 Billion | +46.13% |
| 1998-12-31 | €5.15 Billion | +41.38% |
| 1997-12-31 | €3.64 Billion | +32.23% |
| 1996-12-31 | €2.75 Billion | +8.74% |
| 1995-12-31 | €2.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nokia Oyj's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 101.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.96 Billion | 9.47% |
| Common Stock | €246.00 Million | 1.19% |
| Other Comprehensive Income | €18.15 Billion | 87.87% |
| Other Components | €303.00 Million | 1.47% |
| Total Equity | €20.66 Billion | 100.00% |
Nokia Oyj Competitors by Market Cap
The table below lists competitors of Nokia Oyj ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EQT AB (publ)
PINK:EQBBF
|
$29.77 Billion |
|
Sika AG
PINK:SKFOF
|
$29.81 Billion |
|
Iron Mountain Incorporated
NYSE:IRM
|
$29.90 Billion |
|
NRG Energy Inc.
NYSE:NRG
|
$29.97 Billion |
|
Paychex Inc
NASDAQ:PAYX
|
$29.73 Billion |
|
Interactive Brokers Group Inc
NASDAQ:IBKR
|
$29.72 Billion |
|
Brookfield Asset Management Inc
PINK:BKAMF
|
$29.68 Billion |
|
Xylem Inc
NYSE:XYL
|
$29.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nokia Oyj's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,537,000,000 to 20,657,000,000, a change of 120,000,000 (0.6%).
- Net income of 1,277,000,000 contributed positively to equity growth.
- Dividend payments of 723,000,000 reduced retained earnings.
- Share repurchases of 680,000,000 reduced equity.
- Other comprehensive income decreased equity by 459,000,000.
- Other factors increased equity by 705,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.28 Billion | +6.18% |
| Dividends Paid | €723.00 Million | -3.5% |
| Share Repurchases | €680.00 Million | -3.29% |
| Other Comprehensive Income | €-459.00 Million | -2.22% |
| Other Changes | €705.00 Million | +3.41% |
| Total Change | €- | 0.58% |
Book Value vs Market Value Analysis
This analysis compares Nokia Oyj's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.93x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.05x to 1.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | €0.51 | €7.20 | x |
| 1996-12-31 | €0.14 | €7.20 | x |
| 1997-12-31 | €0.18 | €7.20 | x |
| 1998-12-31 | €0.54 | €7.20 | x |
| 1999-12-31 | €0.39 | €7.20 | x |
| 2000-12-31 | €2.26 | €7.20 | x |
| 2001-12-31 | €2.55 | €7.20 | x |
| 2002-12-31 | €2.99 | €7.20 | x |
| 2003-12-31 | €3.18 | €7.20 | x |
| 2004-12-31 | €3.09 | €7.20 | x |
| 2005-12-31 | €2.78 | €7.20 | x |
| 2006-12-31 | €2.93 | €7.20 | x |
| 2007-12-31 | €3.76 | €7.20 | x |
| 2008-12-31 | €3.77 | €7.20 | x |
| 2009-12-31 | €3.52 | €7.20 | x |
| 2010-12-31 | €3.87 | €7.20 | x |
| 2011-12-31 | €3.20 | €7.20 | x |
| 2012-12-31 | €2.17 | €7.20 | x |
| 2013-12-31 | €1.74 | €7.20 | x |
| 2014-12-31 | €2.08 | €7.20 | x |
| 2015-12-31 | €2.65 | €7.20 | x |
| 2016-12-31 | €3.50 | €7.20 | x |
| 2017-12-31 | €2.86 | €7.20 | x |
| 2018-12-31 | €2.74 | €7.20 | x |
| 2019-12-31 | €2.72 | €7.20 | x |
| 2020-12-31 | €2.24 | €7.20 | x |
| 2021-12-31 | €3.05 | €7.20 | x |
| 2022-12-31 | €3.76 | €7.20 | x |
| 2023-12-31 | €3.68 | €7.20 | x |
| 2024-12-31 | €3.74 | €7.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nokia Oyj utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.64%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.90x
- Recent ROE (6.18%) is below the historical average (14.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 16.17% | 6.06% | 1.12x | 2.37x | €151.58 Million |
| 1996 | 21.78% | 8.82% | 1.18x | 2.09x | €323.72 Million |
| 1997 | 29.08% | 11.89% | 1.26x | 1.94x | €688.27 Million |
| 1998 | 34.26% | 13.14% | 1.33x | 1.96x | €1.23 Billion |
| 1999 | 34.93% | 13.03% | 1.38x | 1.94x | €1.84 Billion |
| 2000 | 36.44% | 12.96% | 1.53x | 1.84x | €2.87 Billion |
| 2001 | 18.03% | 7.05% | 1.39x | 1.84x | €981.40 Million |
| 2002 | 23.67% | 11.26% | 1.29x | 1.63x | €1.95 Billion |
| 2003 | 23.71% | 12.20% | 1.23x | 1.58x | €2.07 Billion |
| 2004 | 22.52% | 10.96% | 1.29x | 1.59x | €1.78 Billion |
| 2005 | 29.75% | 10.58% | 1.53x | 1.83x | €2.40 Billion |
| 2006 | 35.98% | 10.47% | 1.82x | 1.89x | €3.11 Billion |
| 2007 | 48.77% | 14.11% | 1.36x | 2.55x | €5.74 Billion |
| 2008 | 28.07% | 7.86% | 1.28x | 2.79x | €2.57 Billion |
| 2009 | 6.81% | 2.17% | 1.15x | 2.73x | €-417.80 Million |
| 2010 | 9.34% | 3.16% | 1.08x | 2.72x | €-95.40 Million |
| 2011 | -9.80% | -3.01% | 1.07x | 3.05x | €-2.35 Billion |
| 2012 | -38.53% | -10.29% | 1.01x | 3.72x | €-3.91 Billion |
| 2013 | -9.51% | -4.84% | 0.50x | 3.90x | €-1.26 Billion |
| 2014 | 40.20% | 27.19% | 0.60x | 2.45x | €2.60 Billion |
| 2015 | 23.61% | 19.73% | 0.60x | 2.00x | €1.42 Billion |
| 2016 | -3.81% | -3.24% | 0.53x | 2.23x | €-2.78 Billion |
| 2017 | -9.26% | -6.45% | 0.56x | 2.54x | €-3.11 Billion |
| 2018 | -2.22% | -1.51% | 0.57x | 2.59x | €-1.87 Billion |
| 2019 | 0.12% | 0.08% | 0.60x | 2.55x | €-1.51 Billion |
| 2020 | -19.28% | -11.07% | 0.60x | 2.89x | €-3.68 Billion |
| 2021 | 9.35% | 7.31% | 0.55x | 2.31x | €-113.00 Million |
| 2022 | 19.92% | 17.06% | 0.58x | 2.01x | €2.12 Billion |
| 2023 | 3.24% | 2.99% | 0.56x | 1.94x | €-1.39 Billion |
| 2024 | 6.18% | 6.64% | 0.49x | 1.90x | €-788.70 Million |
Industry Comparison
This section compares Nokia Oyj's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $88,848,500
- Average return on equity (ROE) among peers: 1.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nokia Oyj (NOKIA) | €19.67 Billion | 16.17% | 0.83x | $29.76 Billion |
| Bittium Oyj (BITTI) | $116.81 Million | 2.85% | 0.42x | $1.05 Billion |
| Teleste Oyj (TLT1V) | $60.88 Million | -0.13% | 1.21x | $46.75 Million |