Neste
22.49 EUR -13%21,504 investors are following this company
Neste is a manufacturing company. The company produces transport fuel and renewable fuels. Today, the largest operations and extraction are held in the Nordic market, where the company is active in the entire value chain, from extraction to delivery to port depots. In addition, the opportunity is given for direct sales where customers can pick up fuel at selected stations. The largest market is in the Nordic region, and the company is headquartered in Espoo.
P/E (24e)
12.25
EV/EBIT (adj.) (24e)
11.43
P/B (24e)
1.93
Dividend yield-% (24e)
5.56 %
Target price
35.00 EUR
Recommendation
Buy
Updated
22.4.2024
NASDAQ Helsinki
NESTE
Daily low / high price
22.49 / 24.24
EUR
Market cap
17.3B EUR
Turnover
114.17M EUR
Volume
4.9M
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Petri Gostowski
Co. Head of Research
Latest videos
Financial calendar
Interim report
2024-04-25
Interim report
2024-07-25
Half year dividend
2024-10-01
Interim report
2024-10-24
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Prime Minister´s Office | 44.2 % | 44.2 % |
Varma Mutual Pension Insurance Company | 1.8 % | 1.8 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Mercedes Alonso | 2023-02-09 | 58,705EUR |
Christian Ståhlberg | 2022-07-29 | 54,383EUR |
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This content is for our Premium customers only.
Forum updates
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 11,752.0 | 15,148.0 | 25,707.4 | 22,925.9 | 21,509.8 | 24,288.0 | 25,541.2 | 26,251.0 |
growth-% | -25.8 % | 28.9 % | 69.7 % | -10.8 % | -6.2 % | 12.9 % | 5.2 % | 2.8 % |
EBITDA | 1,508.1 | 2,607.0 | 3,047.3 | 2,547.5 | 2,716.9 | 3,220.7 | 3,632.5 | 3,838.9 |
EBIT (adj.) | 1,416.1 | 1,342.0 | 2,898.0 | 2,591.5 | 1,724.9 | 2,225.4 | 2,598.3 | 2,849.6 |
EBIT | 828.1 | 2,023.0 | 2,409.0 | 1,681.5 | 1,724.9 | 2,225.4 | 2,598.3 | 2,849.6 |
Profit before taxes | 786.8 | 1,962.0 | 2,278.0 | 1,595.5 | 1,639.9 | 2,121.8 | 2,495.7 | 2,748.4 |
Net income | 712.4 | 1,771.4 | 1,887.0 | 1,432.5 | 1,410.3 | 1,801.5 | 2,119.3 | 2,334.2 |
EPS (adj.) | 1.61 | 1.43 | 3.04 | 2.88 | 1.84 | 2.35 | 2.76 | 3.04 |
growth-% | -18.8 % | -10.9 % | 112.3 % | -5.3 % | -36.3 % | 27.7 % | 17.6 % | 10.1 % |
Dividend | 0.80 | 0.82 | 1.52 | 1.20 | 1.25 | 1.30 | 1.33 | 1.35 |
Dividend ratio | 86.2 % | 35.6 % | 61.9 % | 64.4 % | 68.1 % | 55.4 % | 48.2 % | 44.4 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 12.8 % | 17.2 % | 11.9 % | 11.1 % | 12.6 % | 13.3 % | 14.2 % | 14.6 % |
EBIT-% (adj.) | 12.0 % | 8.9 % | 11.3 % | 11.3 % | 8.0 % | 9.2 % | 10.2 % | 10.9 % |
EBIT-% | 7.0 % | 13.4 % | 9.4 % | 7.3 % | 8.0 % | 9.2 % | 10.2 % | 10.9 % |
ROE | 12.0 % | 27.5 % | 24.7 % | 17.1 % | 16.2 % | 19.2 % | 20.5 % | 20.2 % |
ROI | 11.5 % | 25.3 % | 24.5 % | 14.3 % | 13.8 % | 17.3 % | 18.8 % | 18.9 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 59.16 | 43.36 | 43.02 | 32.21 | 22.49 | 22.49 | 22.49 | 22.49 |
Shares | 767.8 | 768.0 | 768.1 | 768.2 | 768.2 | 768.2 | 768.2 | 768.2 |
Market cap | 45,425.2 | 33,299.1 | 33,042.9 | 24,743.7 | 17,276.8 | 17,276.8 | 17,276.8 | 17,276.8 |
Enterprise value | 45,181.0 | 33,475.1 | 34,386.9 | 27,236.7 | 19,719.5 | 19,085.5 | 17,762.2 | 16,128.5 |
EV/S | 3.8 | 2.2 | 1.3 | 1.2 | 0.9 | 0.8 | 0.7 | 0.6 |
EV/EBITDA | 30.0 | 12.8 | 11.3 | 10.7 | 7.3 | 5.9 | 4.9 | 4.2 |
EV/EBIT (adj.) | 31.9 | 24.9 | 11.9 | 10.5 | 11.4 | 8.6 | 6.8 | 5.7 |
EV/EBIT | 54.6 | 16.5 | 14.3 | 16.2 | 11.4 | 8.6 | 6.8 | 5.7 |
P/E (adj.) | 36.8 | 30.3 | 14.1 | 11.2 | 12.3 | 9.6 | 8.2 | 7.4 |
P/E | 63.8 | 18.8 | 17.5 | 17.3 | 12.3 | 9.6 | 8.2 | 7.4 |
P/B | 7.7 | 4.8 | 4.0 | 2.9 | 1.9 | 1.8 | 1.6 | 1.4 |
P/S | 3.9 | 2.2 | 1.3 | 1.1 | 0.8 | 0.7 | 0.7 | 0.7 |
Dividend yield | 1.4 % | 1.9 % | 3.5 % | 3.7 % | 5.6 % | 5.8 % | 5.9 % | 6.0 % |
Equity ratio | 60.4 % | 56.6 % | 56.3 % | 53.0 % | 56.5 % | 57.5 % | 59.7 % | 62.1 % |
Gearing ratio | -4.1 % | 2.5 % | 16.1 % | 29.5 % | 27.3 % | 18.5 % | 4.4 % | -9.4 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 5,298.0 | 5,351.0 | 5,973.3 | 6,303.6 | 22,925.9 | 5,628.5 | 3,981.3 | 5,906.3 | 5,993.8 |
EBITDA | 463.0 | 522.8 | 889.2 | 672.5 | 2,547.5 | 687.0 | 496.4 | 769.9 | 763.5 |
EBIT | 285.0 | 311.9 | 669.2 | 415.4 | 1,681.5 | 439.0 | 248.4 | 521.9 | 515.5 |
Profit before taxes | 276.0 | 294.9 | 618.5 | 406.1 | 1,595.5 | 429.0 | 233.4 | 476.9 | 500.5 |
Net income | 238.0 | 258.9 | 535.8 | 399.8 | 1,432.5 | 369.0 | 200.7 | 410.2 | 430.5 |
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Committees of Neste's Board of Directors
Decisions taken by Neste's Annual General Meeting
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