Nokian Renkaat Oyj (NKRKY) Stock
Nokian Renkaat Oyj specializes in the development and manufacturing of tires, distributing its products across a global footprint that includes Finland, the Nordic region, Russia, the broader European continent, Asia, and the Americas. Its operational structure is divided into three primary business segments: Passenger Car Tyres, Heavy Tyres, and Vianor.
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About Nokian Renkaat Oyj
Nokian Renkaat Oyj specializes in the development and manufacturing of tires, distributing its products across a global footprint that includes Finland, the Nordic region, Russia, the broader European continent, Asia, and the Americas. Its operational structure is divided into three primary business segments: Passenger Car Tyres, Heavy Tyres, and Vianor. The Passenger Car Tyres segment is dedicated to designing and producing both summer and winter tires for passenger vehicles and light commercial vans. The Heavy Tyres division provides robust tire solutions for a variety of specialized applications, such as forestry, agriculture, and industrial machinery, alongside offering truck tires and materials for retreading. Vianor functions as the company's retail and service arm, distributing a comprehensive selection of car, van, and truck tires – both under the Nokian brand and from other manufacturers – in addition to various automotive products and services. Nokian Renkaat employs a multi-channel distribution strategy to reach its customers. This includes its proprietary Vianor service centers, partner-operated service points, the Nokian Tyres Authorized Dealer (NAD) network, N-Tyre retailers, other independent tire and vehicle dealers, and direct online sales. As of December 31, 2021, this extensive network comprised 1,047 Vianor service centers, 2,282 NAD stores, and 110 N-Tyre outlets. Tracing its origins back to its founding in 1898, Nokian Renkaat Oyj is headquartered in Nokia, Finland.
Nokian Renkaat Oyj (NKRKY) stock trades at $8.03 with a market capitalization of $2.22B. The stock is valued at a price-to-earnings (P/E) ratio of -160.60, price-to-book of 1.90, price-to-sales of 1.61. Over the past 52 weeks the stock has ranged between $4.24 and $9.63, and currently trades 16.6% below its 52-week high. It pays a dividend yielding 1.74%.
On profitability, Nokian Renkaat Oyj generates a return on equity (ROE) of -1.29%, return on capital employed of 4.05%, an operating margin of 2.62%, a net profit margin of -1.09%.
Official website: www.nokiantyres.com