Nokia Corporation (NOKN) - Net Assets

Latest as of September 2025: MX$19.67 Billion MXN

Based on the latest financial reports, Nokia Corporation (NOKN) has net assets worth MX$19.67 Billion MXN as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$36.04 Billion) and total liabilities (MX$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	MX$19.67 Billion
% of Total Assets	54.58%
Annual Growth Rate	9.12%
5-Year Change	64.19%
10-Year Change	97.14%
Growth Volatility	33.78

Nokia Corporation - Net Assets Trend (2014–2024)

This chart illustrates how Nokia Corporation'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 Corporation (2014–2024)

The table below shows the annual net assets of Nokia Corporation from 2014 to 2024.

Year	Net Assets	Change
2024-12-31	MX$20.75 Billion	+0.58%
2023-12-31	MX$20.63 Billion	-3.72%
2022-12-31	MX$21.43 Billion	+22.70%
2021-12-31	MX$17.46 Billion	+38.19%
2020-12-31	MX$12.64 Billion	-17.95%
2019-12-31	MX$15.40 Billion	+0.20%
2018-12-31	MX$15.37 Billion	-5.22%
2017-12-31	MX$16.22 Billion	-22.68%
2016-12-31	MX$20.98 Billion	+99.31%
2015-12-31	MX$10.52 Billion	+21.40%
2014-12-31	MX$8.67 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Nokia Corporation'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 decreased by 58.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	MX$1.96 Billion	9.47%
Other Components	MX$18.70 Billion	90.53%
Total Equity	MX$20.66 Billion	100.00%

Nokia Corporation Competitors by Market Cap

The table below lists competitors of Nokia Corporation ranked by their market capitalization.

Company	Market Cap
Ping An Insurance (Group) Company of China Ltd F:PZX	$58.25 Billion
Wesfarmers Ltd AU:WES	$58.52 Billion
APOLLO GL.M.NEW DL-00001 F:N7I	$58.68 Billion
Nu Holdings Ltd NYSE:NU	$58.80 Billion
Wuliangye Yibin Co Ltd SHE:000858	$57.86 Billion
Infosys Limited NSE:INFY	$57.71 Billion
Life Insurance Corporation Of India NSE:LICI	$57.61 Billion
VERTIV HOL.CL A DL-0001 F:49V	$57.54 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Nokia Corporation'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 factors increased equity by 246,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	MX$1.28 Billion	+6.18%
Dividends Paid	MX$723.00 Million	-3.5%
Share Repurchases	MX$680.00 Million	-3.29%
Other Changes	MX$246.00 Million	+1.19%
Total Change	MX$-	0.58%

Book Value vs Market Value Analysis

This analysis compares Nokia Corporation'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: 47.08x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 62.58x to 47.08x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	MX$2.89	MX$181.00	x
2018-12-31	MX$2.73	MX$181.00	x
2019-12-31	MX$2.73	MX$181.00	x
2020-12-31	MX$2.24	MX$181.00	x
2021-12-31	MX$3.08	MX$181.00	x
2022-12-31	MX$3.82	MX$181.00	x
2023-12-31	MX$3.72	MX$181.00	x
2024-12-31	MX$3.84	MX$181.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Nokia Corporation 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 above the historical average (6.16%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	40.20%	29.43%	0.56x	2.45x	MX$2.60 Billion
2015	23.48%	19.63%	0.60x	1.99x	MX$1.42 Billion
2016	-3.81%	-3.24%	0.53x	2.23x	MX$-2.78 Billion
2017	-9.26%	-6.45%	0.56x	2.54x	MX$-3.11 Billion
2018	-2.22%	-1.51%	0.57x	2.58x	MX$-1.87 Billion
2019	0.05%	0.03%	0.60x	2.55x	MX$-1.53 Billion
2020	-19.36%	-11.12%	0.60x	2.89x	MX$-3.69 Billion
2021	9.35%	7.31%	0.55x	2.31x	MX$-113.00 Million
2022	19.92%	17.06%	0.58x	2.01x	MX$2.12 Billion
2023	3.24%	3.15%	0.53x	1.94x	MX$-1.39 Billion
2024	6.18%	6.64%	0.49x	1.90x	MX$-788.70 Million

Industry Comparison

This section compares Nokia Corporation's net assets metrics with peer companies in the Communication Equipment industry.

No peer company data available for comparison.

About Nokia Corporation

MX:NOKN Mexico Communication Equipment

Market Cap

$58.15 Billion

MX$1.01 Trillion MXN

Market Cap Rank

#401 Global

#11 in Mexico

Share Price

MX$181.00

Change (1 day)

+6.47%

52-Week Range

MX$75.96 - MX$181.00

All Time High

MX$181.00