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Nokian Stock Analysis - Good Business But Wait For A Dividend Cut

Value Investing with Sven Carlin, Ph.D. 7 views

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Hi Sven!brbrDue to the Ukrainian war, Nokian trading at 650 Euro and 07 of book value brbrDown from 30-35 brbrMaybe time for a new analysis?
Comment from : @Staffan-v1s

this video aged like a fine wine, current price 8,50 EUR
Comment from : @szymonzambrowski2349

Good time to buy
Comment from : @maxcohen7236

Hi Sven, I'm having a look back through your videos Nokian is currently 1120 Euros and paying a 49 dividend, It's a bit out of my comfort zone, but I thought this was interesting
Comment from : @mikestanmore2614

16102022 1120 €
Comment from : @hubertusblack512

I just bought 3000 shares when the stock tanked Yes its very uncertain future But at 13 euros i think its worth it
Comment from : @bernteinar906

Wondering what's gonna happen here now currently looking at this but too much uncertainty there nowbrWhat's anyone's opinion???
Comment from : @michalmizerak9654

A dividend cut now may be necessary In investing you never know We make estimations but anyone could ever guessed a war was in the way That s why a conservative approach is needed in evaluating a business
Comment from : @simoper9942

wwwnokiantyrescom/company/news-article/nokian-tyres-plc-confirms-its-guidance-for-2019-and-provides-preliminary-outlook-for-2020/
Comment from : @jakke1063

Nice analysis, sold my position early 2018 I'm hoping they'll be able to convince Americans to buy premium tires In the light of Finnish companies' limited success in the USA, proof is in the pudding Today they announced expected weekness for 2020 When they announce the dividend decrease, there'll be an opportunity, if you believe they can produce tires in the USA for cheap and sell them on a premium
Comment from : @7rixee

Loved the video My first time watching your channel brbrQuick question as to why you didnt mention the Nokians earning power? Why a ROE at 198 FY2018 and ROC at 3455 FY 2018 That as pretty impressiv earning power given the low dept to equity that makes it hard to prop up earnings ratios In adition the FCF yield for 2018 is at 9, which i am sure Joel Greenblatt would have loved :P The payback of taxes rewarded for the periode of 2007-2011, do you think that money will go to shareholders or retained in the company? With a Retains earnings a 15B i would belive it were to be paid out, included in the dividend, therby reducing the chance of a dividend cut brbrOver to some valuationsbrbrBased on Owerns Earnings analysis for 2018, and given a average CapEx of 130M a year, Nokian made a cashflow to Owers of 395M in 2018 Discounted at 10 with 3 10 year growth and 2 in perpetually (a discount formula i derive from that little blue book you have in your shelf from Brodersen and Pysh) i get a value of 38 per sharebrbrbrIf you want to doscount the FCF of 2018 using the same rate and growth you get a value of 29 per sharebrbrbrTo paraphrase Graham, to me the man looks overweight ;)
Comment from : @martinwetles

How about climate change? Soon you might not need winter tyres in southern parts of Nordic countries
Comment from : @-R-o-k

Didnt they have 150 payout ratio and still did not cut dividend? Now it is 50 Do you expect cuts only becouse of overall economy?
Comment from : @RandomGuyOnYoutube601

cool
Comment from : @cm9748

Another great analysis! Easy to understand and you captured a few very important strategy points You 'Da MAN, Dr S!
Comment from : @MegaBuyer

25 growth seems way to optimistic
Comment from : @normalnormal9066

I like the new system, Sven One of these videos a week is perfect! Quality > Quantity
Comment from : @mikesharp986

Nice one Sven!
Comment from : @ValentinJesenko

52 thousand followers Excellent
Comment from : @jonathanbosco8458

Thank´s for your good report Any idea of managements ability? I mean CEO Hille Korhonen has started 162017 Before that she was several years at Alko Oy (state owned alcohol monopoly company in Finland)
Comment from : @henrikzeeman4870

Great review, thanks! :)
Comment from : @cesarsosa4617

Hi Sven, are you going back to checking suggested stocks from the comments? I would like to see your take on gelyy automotive
Comment from : @cesarsosa4617

Always great analysis, I’m doing same job in Italy maybe a day we can collaborate 😁
Comment from : @OfficineInvestimenti

Thank you Sven for your work
Comment from : @Gsp-s3f

sven, out of curiousity, is it possible to take sums out of surplus and reporting these same sums as income ?? :)
Comment from : @glennartist7633

wwwrfvenuecom/blog/2015/05/06/how-to-prevent-cell-phones-from-interfering-with-audio-equipment
Comment from : @mdkvalitet2623

Thanks for the vid! One question Why wouldn't for example Michelin penetrate Nokians industry and take away their market share? I know Michelin is on the edge of new tyre technologies and delivers almost if not the best tires They also got a lot of FCF to spend and they want to grow aswell Do you think Nokian has that good of a brand impression in the northern countries that it won't lose market share IF Michelin penetrates their market? Thanks :)
Comment from : @sempeltje

Buy a new tyre and throw it away afterfarmers in Thailand live on starvation wages and the industry is not even trying to be sustainableno thanks
Comment from : @BuildertheButcher

Why do you think the tyre industry is declining? Is it mainly because of the cycle?
Comment from : @stantan6130

🙏
Comment from : @AceHardy

Can you do a analysis video on MSFT - Microsoft, is it still is good worth buying stock , it's been going very strong
Comment from : @kuldeuec

Of course Earning recession is close
Comment from : @tibsyy895

You should check Whirlpool
Comment from : @aliter3093

Anyone of you smart guys cover MTBC?
Comment from : @jensditrich3980

I thought it was a video about the telecom company NOKIA lol
Comment from : @SalmonBroski

Nokian a good stock to SHORT
Comment from : @round12tko

bThis looks like a good stock with growth/b 👍
Comment from : @PassiveIncomeTom

Hey Sven I have notifications on for your videos for over a year now But since you last 5 videos I don't get notified brbrDid you maybe change a setting when uploading? Other people with the same problem?
Comment from : @Karma46819

As new car sales are so low and the auto industry is in a rather dire situation at the moment people will be buying more tyres for their old bangers A cold winter will help the sale of tyres also
Comment from : @WalksandAll

hi! First of all thanks for the analysis, a new company to the watch list I got a doubt What happens to stocks when there is high inflation? My question comes from La Pampa I wonder what happens to businesses when we see scenarios like in Argentina I think that when there is inflation a product will be more expensive so more money to the balance sheet but I do know if I am mistaken Thanks!
Comment from : @rodriguezmontes8242