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Neste

18.32 EUR

-3.50 %

26,036 following

NESTE

NASDAQ Helsinki

Non-Renewable

Energy

-3.50 %
+0.27 %
+10.10 %
+70.93 %
+51.05 %
+39.12 %
-59.96 %
-68.76 %
+239.59 %

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
14.09B EUR
Turnover
28.38M EUR
P/E (adj.) (25e)
43.46
EV/EBIT (adj.) (25e)
31.34
P/B (25e)
1.9
EV/S (25e)
0.98
Dividend yield-% (25e)
1.09 %
Coverage
Recommendation
Reduce
Target price
18.00 EUR
Updated
29.10.2025
Petri Gostowski
Petri Gostowski

Co. Head of Research

Latest research

Latest analysis report

Released: 30.10.2025

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
Forum discussions
https://www.argusmedia.com/en/news-and-insights/latest-market-news/2764078-german-cabinet-passes-eu-red-iii The German government approved the biofuel bill, according to which “double counting” will be removed from the beginning of the year. And this is retroactively from the beginning...
12/10/2025, 3:14 PM
by bottom-ditching
53
According to OP’s morning review, Germany is considering removing the double counting of renewable diesel. Double counting = if you produce renewable diesel made from e.g. waste/used cooking oil, 1 physical tonne is counted as 2 tonnes in mandates, meaning it fulfills the blending...
12/8/2025, 9:20 AM
by Matti
41
Sale of Internal Combustion Engine Cars Will Not Be Banned After All – EU Yielded to Strong Resistance The European Union has abandoned its plans to ban the sale of new internal combustion engine cars in 2035, says the chairman of the European Parliament’s largest group, the EPP....
5 hours ago
by Index
26
It seems that Verbio today gave a positive impact to Neste’s share price, too. Solid start in Q1 2025/26; forecast for 2025/26 confirmed “Verbio confirms the forecast communicated with the publication of the annual report on September 25, 2025: The Management Board expects to achieve...
12/10/2025, 10:16 AM
by UK-LTU
25
Malinen admitted in the interview that he is not fully aware of everything, which I think is quite commendable for a CEO. It would be dangerous if he pretended to know. In my opinion, this also explains why Malinen did not buy the company, even though some considered it clearly undervalued...
12/8/2025, 5:23 PM
by Simo Hijoittaja
19
So, if such a situation arose, Malinen could, if necessary, even pledge the shares as collateral for a loan; that’s no reason not to buy. Malinen can surely largely decide how long he remains as CEO; I don’t buy this argument either.
12/5/2025, 4:09 PM
by Seinäkadun Keisari
15
It’s probably difficult to calculate, but OP raised Neste’s target price to 27 euros.
12/8/2025, 8:35 PM
by RamiP
14
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