How to buy Nokia (NOKIA) shares in Australia

Learn how to easily invest in Nokia shares.

Nokia
HE: NOKIA - EUR
€5.21
+ €0.09 ( + 1.68%)
COMMUNICATION EQUIPMENT

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Nokia shares jumped in January 2021 after an online community of individual investors piled into highly shorted stocks, with the aim of drastically driving up prices.

The campaign started after users on Reddit forum wallstreetbets saw that hedge funds were shorting GameStop (GME) to profit from perceived future losses.

To counteract, they rushed in to buy stock, quickly inflating prices far beyond what had ever been seen before. GameStop's stock surged from about US$17 a share to more than US$300.

Once the technique proved successful, users began applying it to other heavily shorted stocks, including Nokia. Shares climbed from a close of €3.39 on January 22 to a close of €4.40 on January 27.

However, several trading platforms were quick to take action, halting or restricting trading across a number of stocks. Nokia shares then dropped to a close of €3.82 on January 28th.

Although some platforms have now resumed trading, the market is still extremely volatile and traders should keep a keen eye on impacted stocks.

Based out of Finland, Nokia Corporation is a multinational telecommunications and consumer electronics giant that was created in 1865. Originally founded as a pulp mill and once a global leader in the mobile phone market, Nokia is now primarily a telecommunications and networks infrastructure company, most notably for global 5G networks. Nokia is also one of the largest employers in Finland and a critical component of the Finnish economy, once accounting for nearly 5% of the country's GDP.

How to buy shares in Nokia

  1. Compare share trading platforms. To buy shares in a company that's listed outside of Australia, you'll need to find a trading platform that offers access to global stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Nokia. Find the share by name or ticker symbol: NOKIA. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Nokia reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of EUR€€5.125, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Nokia, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Nokia. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Nokia stock price (HE:NOKIA)

Use our graph to track the performance of NOKIA stocks over time.

Nokia shares at a glance

Information last updated 2022-01-14.
Open€5.171
High€5.205
Low€5.105
Close€5.125
Previous close€5.248
Change €-0.123
Change % -2.3438%
Volume 16,712,666
Information last updated 2022-01-16.
52-week range€3.2 - €5.769
50-day moving average €5.2573
200-day moving average €4.7789
Target price€63.67
PE ratio N/A
Dividend yield €0.2 (3.81%)
Earnings per share (TTM) €-0.31
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Where to buy Nokia stock

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Nokia stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Nokia price performance over time

Historical closes compared with the last close of €5.125

1 week (2022-01-10) -5.96%
1 month (2021-12-17) -5.04%
3 months (2021-10-15) -0.87%
6 months (2021-07-16) 3.97%
1 year (2021-01-15) 52.87%
2 years (2020-01-17) 36.70%
3 years (2019-01-17) -1.74%
5 years (2017-01-17) 15.85%

Is Nokia under- or over-valued?

Valuing Nokia stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Nokia's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Nokia's PEG ratio

Nokia's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.1386. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Nokia's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Nokia's EBITDA

Nokia's EBITDA (earnings before interest, taxes, depreciation and amortisation) is EUR€3.3 billion (£2.8 billion).

The EBITDA is a measure of a Nokia's overall financial performance and is widely used to measure a its profitability.

Nokia financials

Revenue TTM EUR€22.3 billion
Operating margin TTM 10.92%
Gross profit TTM EUR€8.6 billion
Return on assets TTM 3.92%
Return on equity TTM -10.93%
Profit margin -7.82%
Book value €2.891
Market capitalisation EUR€28.9 billion

TTM: trailing 12 months

Nokia's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Nokia.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Nokia's total ESG risk score

Total ESG risk: 10.79

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Nokia's overall score of 10.79 (as at 12/31/2018) is excellent – landing it in it in the 6th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Nokia is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Nokia's environmental score

Environmental score: 1.22/100

Nokia's environmental score of 1.22 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Nokia is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Nokia's social score

Social score: 7.74/100

Nokia's social score of 7.74 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Nokia is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Nokia's governance score

Governance score: 3.76/100

Nokia's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that Nokia is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Nokia's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Nokia scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Nokia has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Nokia Corporation was last rated for ESG on: 2019-01-01.

Total ESG score 10.79
Total ESG percentile 5.55
Environmental score 1.22
Environmental score percentile 2
Social score 7.74
Social score percentile 2
Governance score 3.76
Governance score percentile 2
Level of controversy 2

Nokia share dividends

We're not expecting Nokia to pay a dividend over the next 12 months.

Have Nokia's shares ever split?

Nokia's shares were split on a 4:1 basis on 9 April 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 4 shares. This wouldn't directly have changed the overall worth of your Nokia shares – just the quantity. However, indirectly, the new 75% lower share price could have impacted the market appetite for Nokia shares which in turn could have impacted Nokia's share price.

Nokia share price volatility

Over the last 12 months, Nokia's shares have ranged in value from as little as EUR€3.2 up to EUR€5.769. A popular way to gauge a stock's volatility is its "beta".

NOKIA.HE volatility(beta: 0.58)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (HE average) beta is 1, while Nokia's is 0.5771. This would suggest that Nokia's shares are less volatile than average (for this exchange).

Nokia overview

Nokia Corporation provides mobile and fixed network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises; and provides network planning and optimization, network implementation, and systems integration, as well as company-wide managed services. The company also offers fixed networking solutions, such as copper and fiber access products, solutions, and services. In addition, it provides network infrastructure and professional services for mobile networks; and managed services for the fixed, mobile, Internet protocol (IP), and optical domains. Further, the company offers network planning, implementation, operation, and maintenance services. Additionally, it provides IP/optical networking solutions, including IP routing and optical transport systems, software, and services; software solutions, such as customer experience management, network operations and management, communications and collaborations, and policy and charging, as well as cloud, IoT, security, and analytics platforms; and submarine networks and radiofrequency systems. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland.

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