Nokian Renkaat Oyj/€TYRES
1D1W1MYTD1Y5YMAX
Capital at risk
About Nokian Renkaat Oyj
Nokian Renkaat Oyj is a Finnish company specializing in the design, development, and production of tires. Operating within the automotive industry, the company focuses on passenger car tires, heavy-duty truck tires, and machinery tires. Established in 1898, Nokian has a historical significance as one of the oldest tire manufacturers. The company is headquartered in Nokia, Finland, and has production facilities in Finland, the United States, and Russia, serving markets internationally. Its unique strategic positioning includes a strong emphasis on winter tire technology, which is a competitive strength given the challenging conditions in its primary markets.
- Ticker
- €TYRES
- Sector
- Mobility
- Primary listing
- XHEL
- Employees
- 3,936
- Headquarters
- Nokia, Finland
- Website
- www.nokiantyres.com
TYRES Metrics
BasicAdvanced
€2.2B
112.92
€0.14
1.25
€0.25
1.58%
Price and volume
Market cap
€2.2B
Beta
1.25
52-week high
€16.62
52-week low
€7.52
Average daily volume
336K
Dividend rate
€0.25
Financial strength
Current ratio
1.822
Quick ratio
0.983
Long term debt to equity
0.622
Total debt to equity
0.796
Dividend payout ratio (TTM)
176.92%
Interest coverage (TTM)
1.93%
Profitability
EBITDA (TTM)
168.4
Gross margin (TTM)
23.57%
Net profit margin (TTM)
1.37%
Operating margin (TTM)
5.16%
Effective tax rate (TTM)
22.00%
Revenue per employee (TTM)
€360,000
Management effectiveness
Return on assets (TTM)
1.90%
Return on equity (TTM)
1.72%
Valuation
Price to earnings (TTM)
112.919
Price to revenue (TTM)
1.535
Price to book
1.91
Price to tangible book (TTM)
2.07
Price to free cash flow (TTM)
26.069
Free cash flow yield (TTM)
3.84%
Free cash flow per share (TTM)
0.606
Dividend yield (TTM)
1.58%
Forward dividend yield
1.58%
Growth
Revenue change (TTM)
5.83%
Earnings per share change (TTM)
-153.83%
3-year revenue growth (CAGR)
5.05%
10-year revenue growth (CAGR)
0.53%
3-year earnings per share growth (CAGR)
-61.84%
10-year earnings per share growth (CAGR)
-18.30%
3-year dividend per share growth (CAGR)
-23.11%
10-year dividend per share growth (CAGR)
-16.40%
Bulls say / Bears say
Second-quarter operating profit increased 136% year over year to EUR 34.8 million, supported by higher sales and lower manufacturing and material costs, indicating meaningful operating leverage. (Nokian Tyres)
First-half net sales rose 7.6% to EUR 659.6 million, with growth outperforming the market in all regions; management maintained guidance for full-year sales growth and an 8–10% segment operating-profit margin. (Nokian Tyres)
Passenger Car Tyres remains the key growth engine: second-quarter sales increased 13.9% and segment operating margin reached 15.1%, while Heavy Tyres also returned to sales growth with a 15.0% segment margin. (Nokian Tyres)
Tire demand in Nokian Tyres’ markets is expected to remain flat in 2026, while geopolitical, trade and tariff uncertainty could add volatility to sales and margins. (Nokian Tyres)
Vianor remains a drag on group profitability: its January–June operating loss widened to EUR 11.9 million, with the company citing cost inflation and an early spring season. (Nokian Tyres)
Cash generation remains weak despite the earnings recovery: operating cash flow was negative EUR 73.6 million in the first half, while gearing rose to 71.8% from 57.0% at year-end 2025. (Nokian Tyres)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.
Upcoming events
No upcoming events
Funds containing TYRES
AllEURGBPUSD
Fund name | Fund size | €TYRES weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.14% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.14% |
iShares MSCI World Small Cap$WSML | $9B | 0.02% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.02% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.02% |
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