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FLEX vs. NOK: Flex vs. Nokia Stock Comparison

How do Flex (FLEX) and Nokia (NOK) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Flex (FLEX) and Nokia (NOK) both fall under the Technology Hardware & Equipment industry group, but FLEX is classified in Electronic Equipment, Instruments & Components while NOK is classified in Communications Equipment.

Flex (FLEX) trades as ordinary local shares, while Nokia (NOK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Flex (FLEX) and Nokia (NOK)
Profile ItemFLEXNOK
NameFlex Ltd.Nokia Corporation Sponsored ADR
Country/RegionUnited StatesFinland
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupTechnology Hardware & EquipmentTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & ComponentsCommunications Equipment
GICS Sub-IndustryElectronic Manufacturing ServicesCommunications Equipment
Market Capitalization25.78 billion USD43.35 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateMarch 18, 1994July 1, 1994
Security TypeCommon StockADR

Price Performance

Cumulative Growth

FLEX
NOK
GSPC
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Flex (FLEX) vs. Nokia (NOK), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Flex (FLEX) and Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Flex (FLEX) and Nokia (NOK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Flex (FLEX) and Nokia (NOK)
MetricFLEXNOK
Total Return (1Y)24.99%19.81%
Total Return (3Y, Annualized)59.41%36.27%
Total Return (5Y, Annualized)42.37%9.52%

Risk Profile

Drawdown History

FLEX
NOK
GSPC
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Flex (FLEX) vs. Nokia (NOK), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Flex (FLEX) and Nokia (NOK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Flex (FLEX) and Nokia (NOK)
MetricFLEXNOK
Volatility (1Y, Annualized)76.21%62.40%
Beta (5Y)1.821.24
Max Drawdown (5Y)-58.83%-55.73%
Avg. Volume (3M)4.28M77.91M

Risk-Adjusted Performance

Risk-Return Positioning

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FLEX and NOK are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Flex (FLEX) and Nokia (NOK)
MetricFLEXNOK
Sharpe Ratio (1Y)0.270.25
Sortino Ratio (1Y)0.440.35

Profitability

ROE (TTM)

Both Flex (FLEX) at 19.13% and Nokia (NOK) at 3.88% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

FLEX

Technology Hardware & Equipment industry group

19.13%

Max
42.47%
FLEX
19.13%
Q3
19.13%
Median
11.00%
Q1
1.63%
Min
-20.62%

NOK

Technology Hardware & Equipment industry group

3.88%

Max
42.47%
Q3
19.13%
Median
11.00%
NOK
3.88%
Q1
1.63%
Min
-20.62%
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Flex (FLEX) vs. Nokia (NOK): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Both Flex (FLEX) at 3.35% and Nokia (NOK) at 3.75% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FLEX

Technology Hardware & Equipment industry group

3.35%

Max
27.60%
Q3
11.66%
Median
4.08%
FLEX
3.35%
Q1
0.00%
Min
-11.02%

NOK

Technology Hardware & Equipment industry group

3.75%

Max
27.60%
Q3
11.66%
Median
4.08%
NOK
3.75%
Q1
0.00%
Min
-11.02%
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Flex (FLEX) vs. Nokia (NOK): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Both Flex (FLEX) at 5.05% and Nokia (NOK) at 10.81% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FLEX

Technology Hardware & Equipment industry group

5.05%

Max
36.27%
Q3
18.36%
Median
8.84%
FLEX
5.05%
Q1
1.46%
Min
-21.39%

NOK

Technology Hardware & Equipment industry group

10.81%

Max
36.27%
Q3
18.36%
NOK
10.81%
Median
8.84%
Q1
1.46%
Min
-21.39%
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Flex (FLEX) vs. Nokia (NOK): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Flex (FLEX) and Nokia (NOK)
MetricFLEXNOK
ROE (TTM)19.13%3.88%
ROA (TTM)4.39%3.49%
Net Margin (TTM)3.35%3.75%
Operating Margin (TTM)5.05%10.81%
Gross Margin (TTM)9.67%45.43%

Growth

Revenue Growth

Both Flex (FLEX) at 8.14% and Nokia (NOK) at 3.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Flex (FLEX) vs. Nokia (NOK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Flex (FLEX) at 10.43% is around its peer norm for EPS growth, while Nokia (NOK) at -47.83% drops into the bottom quartile, signaling weaker earnings momentum.

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Flex (FLEX) vs. Nokia (NOK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Flex (FLEX) and Nokia (NOK)
MetricFLEXNOK
Revenue Growth (YoY)8.14%3.48%
Revenue Growth (3Y CAGR)-0.69%-5.76%
EPS Growth (YoY)10.43%-47.83%
EPS Growth (3Y CAGR)10.65%-45.71%

Financial Strength

Current Ratio (MRQ)

Both Flex (FLEX) at 1.34 and Nokia (NOK) at 1.46 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FLEX

Technology Hardware & Equipment industry group

1.34

Max
5.34
Q3
3.02
Median
1.95
FLEX
1.34
Q1
1.32
Min
0.17

NOK

Technology Hardware & Equipment industry group

1.46

Max
5.34
Q3
3.02
Median
1.95
NOK
1.46
Q1
1.32
Min
0.17
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Flex (FLEX) vs. Nokia (NOK): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Nokia (NOK) at 0.16 carries an industry-typical debt-to-equity mix, while Flex (FLEX) at 1.03 uses more debt funding than most peers.

FLEX

Technology Hardware & Equipment industry group

1.03

Max
1.76
FLEX
1.03
Q3
0.78
Median
0.24
Q1
0.04
Min
0.01

NOK

Technology Hardware & Equipment industry group

0.16

Max
1.76
Q3
0.78
Median
0.24
NOK
0.16
Q1
0.04
Min
0.01
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Flex (FLEX) vs. Nokia (NOK): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Flex (FLEX) and Nokia (NOK)
MetricFLEXNOK
Current Ratio (MRQ)1.341.46
Debt / Equity (MRQ)1.030.16
Net Debt / EBITDA1.32-0.59

Dividends

Dividend Yield (TTM)

Flex (FLEX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Nokia (NOK) reports a yield of 1.88%, ranking against industry peers normally.

FLEX

Technology Hardware & Equipment industry group

0.00%

Max
0.73%
Q3
0.31%
FLEX
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

NOK

Technology Hardware & Equipment industry group

1.88%

NOK
1.88%
Max
0.73%
Q3
0.31%
Median
0.00%
Q1
0.00%
Min
0.00%
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Flex (FLEX) vs. Nokia (NOK): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Nokia (NOK) reports payout ratio above 100% at 100.17%, meaning dividends exceeded current-period earnings; Flex (FLEX) pays no dividend (payout 0.00%).

FLEX

Technology Hardware & Equipment industry group

0.00%

Max
32.27%
Q3
14.48%
FLEX
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

NOK

Technology Hardware & Equipment industry group

100.17%

NOK
100.17%
Max
32.27%
Q3
14.48%
Median
0.00%
Q1
0.00%
Min
0.00%
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Flex (FLEX) vs. Nokia (NOK): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Flex (FLEX) and Nokia (NOK)
MetricFLEXNOK
Dividend Yield (TTM)0.00%1.88%
Dividend Payout Ratio (TTM)0.00%100.17%

Valuation

P/E Ratio (TTM)

Flex (FLEX) at 25.10 is near its industry’s usual P/E ratio, while Nokia (NOK) at 47.88 sits in the richer quartile — NOK needs stronger growth or earnings quality to justify the premium.

FLEX

Technology Hardware & Equipment industry group

25.10

Max
69.48
Q3
41.02
Median
26.39
FLEX
25.10
Q1
19.36
Min
6.07

NOK

Technology Hardware & Equipment industry group

47.88

Max
69.48
NOK
47.88
Q3
41.02
Median
26.39
Q1
19.36
Min
6.07
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Flex (FLEX) vs. Nokia (NOK): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Flex (FLEX) at 0.83 sits in the cheaper P/S ratio quartile while Nokia (NOK) at 2.08 prices around its industry’s middle — FLEX costs less per dollar of sales, though read it alongside growth and margins.

FLEX

Technology Hardware & Equipment industry group

0.83

Max
11.30
Q3
5.82
Median
2.56
Q1
1.05
FLEX
0.83
Min
0.00

NOK

Technology Hardware & Equipment industry group

2.08

Max
11.30
Q3
5.82
Median
2.56
NOK
2.08
Q1
1.05
Min
0.00
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Flex (FLEX) vs. Nokia (NOK): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Flex (FLEX) at 4.44 and Nokia (NOK) at 1.82 are valued close to their industries’ norm against book — neither stands out from peers.

FLEX

Technology Hardware & Equipment industry group

4.44

Max
10.75
Q3
5.52
FLEX
4.44
Median
3.17
Q1
1.79
Min
0.33

NOK

Technology Hardware & Equipment industry group

1.82

Max
10.75
Q3
5.52
Median
3.17
NOK
1.82
Q1
1.79
Min
0.33
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Flex (FLEX) vs. Nokia (NOK): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Flex (FLEX) and Nokia (NOK)
MetricFLEXNOK
P/E Ratio (TTM)25.1047.88
P/S Ratio (TTM)0.832.08
P/B Ratio (MRQ)4.441.82
Free Cash Flow Yield (TTM)2.41%2.98%