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Nokia Oyj (XPRA:NOKIA) Cyclically Adjusted Price-to-FCF : 27.13 (As of Jun. 07, 2024)


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

As of today (2024-06-07), Nokia Oyj's current share price is Kč89.00. Nokia Oyj's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Kč3.28. Nokia Oyj's Cyclically Adjusted Price-to-FCF for today is 27.13.

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

XPRA:NOKIA' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.24   Med: 24.89   Max: 396.4
Current: 28.44

During the past years, Nokia Oyj's highest Cyclically Adjusted Price-to-FCF was 396.40. The lowest was 3.24. And the median was 24.89.

XPRA:NOKIA's Cyclically Adjusted Price-to-FCF is ranked better than
53.06% of 965 companies
in the Hardware industry
Industry Median: 30.55 vs XPRA:NOKIA: 28.44

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 Kč4.341. 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 Kč3.28 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
=89.00/3.28
=27.13

* 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)
=4.341/122.3600*122.3600
=4.341

Current CPI (Mar. 2024) = 122.3600.

Nokia Oyj Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 4.755 100.147 5.810
201409 2.510 100.726 3.049
201412 0.914 100.229 1.116
201503 -1.859 100.120 -2.272
201506 -2.397 100.030 -2.932
201509 3.005 100.130 3.672
201512 2.516 99.990 3.079
201603 -7.974 100.080 -9.749
201606 -3.378 100.390 -4.117
201609 0.370 100.540 0.450
201612 1.808 101.020 2.190
201703 -2.952 100.910 -3.579
201706 4.153 101.140 5.024
201709 -4.165 101.320 -5.030
201712 8.426 101.510 10.157
201803 -1.685 101.730 -2.027
201806 -4.329 102.320 -5.177
201809 -1.004 102.600 -1.197
201812 5.511 102.710 6.565
201903 -4.229 102.870 -5.030
201906 -4.790 103.360 -5.671
201909 1.255 103.540 1.483
201912 6.236 103.650 7.362
202003 -0.095 103.490 -0.112
202006 1.157 103.320 1.370
202009 1.497 103.710 1.766
202012 3.466 103.890 4.082
202103 5.309 104.870 6.194
202106 -0.031 105.360 -0.036
202109 2.675 106.290 3.079
202112 1.442 107.490 1.641
202203 1.621 110.950 1.788
202206 -0.627 113.570 -0.676
202209 1.192 114.920 1.269
202212 1.599 117.320 1.668
202303 -0.625 119.750 -0.639
202306 -1.940 120.690 -1.967
202309 -1.946 121.280 -1.963
202312 7.626 121.540 7.677
202403 4.341 122.360 4.341

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  (XPRA:NOKIA) 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 (XPRA:NOKIA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (XPRA:NOKIA) » 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.

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