Nokian Renkaat Oyj (NKRKY) Fair Value & Analysis

Consumer Cyclical · US · Market cap $2.0B

A solid business, screening 49% undervalued on our models.

What matters now

• Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
• Our model range runs from $8.48 (bear) to $12.90 (bull), base $12.90. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 50/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $2.89 – $15.20 · fair‑value band $8.48 – $12.90 · the $8.68 price screens below the $12.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Nokian Renkaat Oyj (NKRKY) currently trades at $8.68, while our model-based Fair Value estimate is $12.90, implying the stock looks roughly 48.6% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Trailing-twelve-month revenue stands at $1.4B. Revenue grew 3.7% year over year. It earns a return on equity of 0.1%. Net debt stands at $664M. Fundamentals as of Jul 18, 2026

Our scenario range runs from $8.48 (bear case) to $12.90 (bull case); at $8.68, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 153% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 49%, NKRKY screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Asset-Based ($2.83) versus Multiples ($0.5300). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Nokian Renkaat Oyj develops and manufactures tires for passenger cars, trucks, and heavy machineries in Nordics, Central Europe, North America, and internationally. It operates through Passenger Car Tyres; Heavy Tyres; and Vianor segments.

Full company description

Nokian Renkaat Oyj develops and manufactures tires for passenger cars, trucks, and heavy machineries in Nordics, Central Europe, North America, and internationally. It operates through Passenger Car Tyres; Heavy Tyres; and Vianor segments. The company develops and produces winter, summer, and all-season tires for passenger cars, SUVs, and vans; tires for forestry machinery; tires for ports and terminals, mining, agriculture, trucks and buses, earthmoving, and road maintenance. It also sells car, truck, buse, and van tires under the Nokian Tyres and other tire brands; other automotive products and services; provide car maintenance and tire service; and operates Vianor service centers. The company distributes its products through Vianor chain, Vianor Partner chain, Nokian Tyres Authorized Dealers network, as well as through tire dealers, car dealerships, and vehicle manufacturers, and online stores. Nokian Renkaat Oyj was founded in 1898 and is headquartered in Nokia, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nokian Renkaat Oyj reported revenue of $1.4B in FY2025 versus $1.7B in FY2021, a compound −5.4%/yr. Reported net income was −$15.0M in FY2025.

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Peer Group

Auto Parts · 642 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Auto Parts median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.