Nokian Tyres TYRES.HE
FinlandConsumer Cyclical · Auto PartsNasdaq Helsinki · EUR
13.33 EUR (−9.2%)
9 analysts
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Nokian Tyres is a Finnish premium tire manufacturer, known for its winter products, selling in Nordic, European, and North American markets.
Listed on Nasdaq Helsinki · Symbol TYRES.HE · HEL: TYRES · Currency EUR
Key points
from its scores- ✓Good share-price trend9.8
- ✓Strong growth7.2
- ✕Little or no dividend1.9
- ✕Little competitive advantage3.5
- ✕Demanding valuation3.9
AI analysis
bottom line, main risk, context and newsStrong growth dynamics and positive momentum are offset by high leverage and demanding valuation.
Nokian Tyres shows revenue growth of 10.5% and exceptional profit growth, but its financial health is weak (ND/EBITDA of 4.84) and its valuation is demanding (P/E of 104.93). Momentum is very strong, but the sustainability of growth is questionable.
The main risk is high leverage (ND/EBITDA of 4.84) in a rising rate environment, which could pressure financial health if growth decelerates.
Context and risks
Nokian Tyres operates in Finland, a country with solid institutions and minority shareholder protection, so governance risk is moderate. Its exposure to Russia, after selling its assets, has been reduced, but the company still faces risks from its supply chain and cyclical demand in the automotive sector.
Is Nokian Tyres stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 269% above the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 104.9 | 17.8 | +488% |
| EV / EBITDA | 16.9 | 11.2 | +50% |
| Price / book | 1.8 | 2.9 | −38% |
| Price / sales | 1.4 | 1.3 | +14% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.9 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 13.33 EUR, −9.2% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.5 (sector 5.7), Growth 7.2 (sector 5.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 104.9
- Forward P/E
- 18.1
- EV / EBITDA
- 16.9
- Price / book
- 1.8
- Price / sales
- 1.4
- PEG
- 1.75
- Market cap
- 2.0B EUR
- Enterprise value
- 2.8B EUR
Profitability
- ROE
- 1.7%
- ROA
- 1.9%
- ROIC (approx.)
- 6.4%
- Gross margin
- 23.6%
- Operating margin
- 9.2%
- Net margin
- 1.4%
- Free cash flow
- 77.0M EUR
- FCF yield
- 3.8%
- Cash conversion
- 46%
Solvency
- Total debt
- 902.9M EUR
- Net debt
- 815.1M EUR
- Cash
- 87.8M EUR
- EBITDA
- 168.4M EUR
- Net debt / EBITDA
- 4.84
- Debt / equity
- 79.59
- Current ratio
- 1.82
- Quick ratio
- 0.98
Growth
- Revenue growth
- +10.5%
- Earnings growth
- +3,117.7%
- EPS (TTM)
- 0.14 EUR
- EPS (forward)
- 0.81 EUR
Dividend
- Dividend yield
- 1.7%
- Payout
- 178.6%
Risk and market
- Beta
- 1.29
- Analyst consensus
- underperform (9)
- Target price
- 13.33 EUR
- 52-week range
- 7.38 – 16.70
Recent news
All TYRES.HE news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Nokian Tyres
Is Nokian Tyres stock cheap or expensive?
On P/E and EV / EBITDA, it trades 269% above the Consumer Cyclical median on average. Valuation score: 3.9 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 13.33 EUR, −9.2% versus the price. This is not investment advice.
What score does Nokian Tyres get on MeridIAn Screener?
It scores 4.6 out of 10, rank 1,857 of 2,130 (better than 13% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (1.9). Analysis of 08/10/2026.
What is Nokian Tyres's P/E ratio?
Its P/E is 104.9: the share price equals 104.9 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 18.1.
How much is Nokian Tyres worth on the stock market?
Its market capitalisation is 2.0B EUR and its enterprise value, debt included, is 2.8B EUR.
How much debt does Nokian Tyres have?
Its net debt (debt minus cash) is 815.1M EUR. That is 4.84 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Nokian Tyres pay a dividend?
Yes: its dividend yield is 1.70% and it pays out 179% of its earnings.
How has Nokian Tyres stock performed over the last year?
It has risen 96.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 7.38 and 16.70 EUR. Past performance does not guarantee future results.
What do analysts think of Nokian Tyres?
9 analysts cover it; their average recommendation is “underperform” and their average target is 13.33 EUR (−9.2% versus the price). It is an estimate, not market data.