(CercleFinance.com) – Liberum considers the value to be one of the best on the market in Europe.
In a strategy note, Joachim Klement, the British investment bank’s star analyst, includes Nokia in his list of 110 underappreciated European stocks, alongside Stmicroelectronics and thyssenkrupp in particular.
While US stocks in the sector are trading around a PER of 18.6x and their European counterparts around 11.2x, Nokia is only paying 8.7 times its profits, i.e. a discount of more than 53%
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