Ciena Corporation (CIEN) vs Nokia Corporation (NOK)

Ciena Corporation and Nokia Corporation are both Communication Equipment companies. Nokia Corporation is the larger, with a market value of $59.9B against $51.7B — 1.2× the size. Nokia Corporation trades at the lower P/E: 5.6× against 77.3×. Ciena Corporation grew revenue faster over the last twelve months: 32.6% against 13.9%. Ciena Corporation has the higher net margin (10.9% vs 3.39%) and the higher return on invested capital (12.6% vs 2.83%). Across the 22 metrics below, Ciena Corporation leads on 12 and Nokia Corporation on 10.

Valuation

Metric CIEN NOK Communication Equipment median
P/E 77.25 5.58 33.61
P/S 8.42 2.47 2.16
P/B 16.59 2.35 2.40
Price to free cash flow 62.26 94.34 25.02
EV/EBITDA 56.14 26.09 13.78
EV/Sales 8.52 2.33 2.27
Earnings yield 1.29% 17.92% (0.65%)
Free cash flow yield 1.61% 1.06% 1.61%

Profitability

Metric CIEN NOK Communication Equipment median
Gross margin 44.07% 44.36% 39.47%
Operating margin 12.27% 4.14% 2.39%
Net margin 10.87% 3.39% (0.74%)
Free cash flow margin 13.53% 2.61% 1.39%
Return on equity 22.40% 3.38% (1.91%)
Return on assets 9.52% 1.90% (0.20%)
Return on invested capital 12.63% 2.83% 0.72%

Growth

Metric CIEN NOK Communication Equipment median
Revenue growth (TTM) 32.57% 13.87% 11.48%
EPS growth (last fiscal year) 46.55% (48.00%) —
Revenue growth, 5-year CAGR 6.19% (2.05%) 4.92%
Net income growth, 5-year CAGR (19.34%) 0.00% 0.00%

Health

Metric CIEN NOK Communication Equipment median
Debt to equity 1.06 0.11 0.06
Current ratio 3.80 1.51 2.01
Net debt to EBITDA 0.67 (1.67) 0.67

Dividend

Metric CIEN NOK Communication Equipment median
Dividend yield — 3.91% 2.63%
Payout ratio 0.00 0.12 0.00

Size

Metric CIEN NOK Communication Equipment median
Market cap 51.73b 59.90b 563.45m

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