Nokian Renkaat Financials

Nokian Renkaat Stock Summary

Nokian Renkaat competes with Bridgestone, Advanced Drainage, Goodyear Tire, Sumitomo Rubber, and Zeon. Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally. The company was founded in 1898 and is headquartered in Nokia, Finland. NOKIAN RENKAAT operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. It employs 4880 people.

Nokian Renkaat Key Financial Ratios

There are many critical financial ratios that Nokian Renkaat's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nokian Renkaat Oyj reports annually and quarterly.

Nokian Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Nokian Renkaat's current stock value. Our valuation model uses many indicators to compare Nokian Renkaat value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nokian Renkaat competition to find correlations between indicators driving Nokian Renkaat's intrinsic value. More Info.Nokian Renkaat Oyj is rated below average in return on equity category among its peers. It is regarded fifth in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nokian Renkaat's earnings, one of the primary drivers of an investment's value.

Nokian Renkaat Oyj Systematic Risk

Along with financial statement analysis, the daily predictive indicators of Nokian Renkaat help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nokian Renkaat Oyj. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nokian Renkaat Oyj based on widely used predictive technical indicators. In general, we focus on analyzing Nokian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nokian Renkaat's daily price indicators and compare them against related drivers.

When running Nokian Renkaat's price analysis, check to measure Nokian Renkaat's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nokian Renkaat is operating at the current time. Most of Nokian Renkaat's value examination focuses on studying past and present price action to predict the probability of Nokian Renkaat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokian Renkaat's price. Additionally, you may evaluate how the addition of Nokian Renkaat to your portfolios can decrease your overall portfolio volatility.