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Neste

17.37 EUR

-1.64 %

26,002 following

NESTE

NASDAQ Helsinki

Non-Renewable

Energy

-1.64 %
-2.44 %
+6.70 %
+81.87 %
+43.22 %
+24.17 %
-64.45 %
-70.01 %
+221.97 %

Neste 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, Finland.

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Market cap
13.36B EUR
Turnover
17.87M EUR
P/E (adj.) (25e)
41.21
EV/EBIT (adj.) (25e)
30.09
P/B (25e)
1.8
EV/S (25e)
0.94
Dividend yield-% (25e)
1.15 %
Coverage
Recommendation
Reduce
Target price
18.00 EUR
Updated
2025-10-29
Petri Gostowski
Petri Gostowski

Co. Head of Research

Latest research

Latest analysis report

Released: 2025-10-30

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
5/2
2026

Annual report '25

25/3
2026

General meeting '26

29/4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Neste Q2'25: Renewables surprised, overcapacity still looms
Research by
Petri Gostowski

Neste Q2'25: Renewables surprised, overcapacity still looms

The Renewable Products segment's better-than-expected result had Neste's Q2 result exceeding our forecast. Against this backdrop and the upward trend in market development, we made positive estimate revisions for the coming years. In our view, the risks associated with the company's elevated indebtedness have decreased following the estimate revisions. Despite recent developments, we believe that the medium-term market outlook is still subject to considerable uncertainty, reflecting the overcapacity situation.

Neste
Neste Q2'25 förhandskommentar: Oljeprodukter bör lyfta vinsten över jämförelseperiodens nivå
Analyst Comment by
Petri Gostowski

Neste Q2'25 förhandskommentar: Oljeprodukter bör lyfta vinsten över jämförelseperiodens nivå

Neste publicerar sin Q2-rapport på torsdag cirka kl 09.00. Kvartalets vinst väntas ha överträffat jämförelseperiodens nivå, men de spridda konsensusestimaten återspeglar en hög kortsiktig osäkerhet. Klart är dock att den svåra marknadssituationen och därmed svaga marginaler för Uusiutuvat tuotteet har hållit koncernens vinst svag. I samband med rapporten riktas blickarna bland annat mot den marginal som Uusiutuvat tuotteet uppnått och tillväxten i försäljningsvolymer, där utvecklingen av försäljningsvolymerna för hållbart flygbränsle särskilt är av intresse för oss avläsare.

Neste
Forum discussions
I reviewed all of Neste’s annual reports from its listed history between 2005–2024. The company’s story arc is clearly visible in these figures: invested capital, i.e., the capital absorbed by the business to operate (refineries, stored raw materials, etc.), and its after-tax return...
11/22/2025, 1:15 PM
by Verneri Pulkkinen
85
UBS yesterday raised Neste’s target price from 16 euros to 20.50 euros and buy (previously neutral). There is now incorrect reporting circulating, claiming that the target price has now fallen to 16 euros. For some reason, things have been inverted in the reporting, presumably “accidentall...
11/26/2025, 7:05 AM
by bottom-ditching
41
SAF price is rising and demand is growing due to regulation, as can be seen above. Neste Oil Products | Market data | Neste Daily figures on Neste's oil products are based on last five (5) days rolling average. Diesel margins and price also seem to be rising. One would think this...
11/25/2025, 8:19 AM
by JarkkoH
41
SAF Investor SAF prices maintain northward trajectory | SAF Investor Sustainable aviation fuel (SAF) prices continue to climb, reaching two-year highs in Europe supported by firm mandate demand. Est. reading time: 2 minutes
11/24/2025, 6:47 PM
by UK-LTU
37
ROAST🔥 this afternoon Inderes ROAST Neste 28.11.2025 - Inderes Aika: 28.11.2025 klo 15.00 Kieli: fi Nesteen toimitusjohtaja Heikki Malinen saapuu Pulkkisen vieraaksi ROASTiin. Addition: Here are the questions and themes with timestamps: 00:00 Heikki Malinen 01:00 Neste as an investment...
11/28/2025, 7:36 AM
by Verneri Pulkkinen
36
OP’s morning review states that the UK is proposing import tariffs of $341-402 per ton on US RD producers in response to the advantage brought by the CFPC (Clean Fuel Producers Credit). The tariff would come into effect in March. According to OP, this is good news for Neste’s renewable...
12/2/2025, 8:06 AM
by Ju-ha-ni
31
Wow! $30/bbl Q4 margin for oil products would fantastic!.. In my excel, I have $18/bbl. So, if in real life there is a +$12/bbl, it roughly translates to +250mEur additional EBITDA, if compared to my expectations.. On renewables side, for Q4 UBS is more cautious than me: $467/Mt ...
11/27/2025, 1:14 PM
by UK-LTU
27
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