Neste
22.16 EUR -1.47%21,543 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)
14.11
EV/EBIT (adj.) (24e)
13.09
P/B (24e)
1.97
Dividend yield-% (24e)
5.64 %
Target price
30.00 EUR
Recommendation
Buy
Updated
25.4.2024
NASDAQ Helsinki
NESTE
Daily low / high price
22.16 / 23.91
EUR
Market cap
17.05B EUR
Turnover
75.54M EUR
Volume
3.3M
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Petri Gostowski
Co. Head of Research
Latest videos
Financial calendar
Interim report
25.07.2024
Half year dividend
01.10.2024
Interim report
24.10.2024
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 | 09.02.2023 | 58,705EUR |
Christian Ståhlberg | 29.07.2022 | 54,383EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 11,752.0 | 15,148.0 | 25,707.4 | 22,925.9 | 19,733.4 | 23,782.0 | 25,541.2 | 26,251.0 |
growth-% | -25.8 % | 28.9 % | 69.7 % | -10.8 % | -13.9 % | 20.5 % | 7.4 % | 2.8 % |
EBITDA | 1,508.1 | 2,607.0 | 3,047.3 | 2,547.5 | 2,351.4 | 3,104.9 | 3,586.0 | 3,920.5 |
EBIT (adj.) | 1,416.1 | 1,342.0 | 2,898.0 | 2,591.5 | 1,495.4 | 2,106.4 | 2,582.0 | 2,884.6 |
EBIT | 828.1 | 2,023.0 | 2,409.0 | 1,681.5 | 1,386.4 | 2,106.4 | 2,582.0 | 2,884.6 |
Profit before taxes | 786.8 | 1,962.0 | 2,278.0 | 1,595.5 | 1,300.4 | 2,002.6 | 2,478.9 | 2,783.0 |
Net income | 712.4 | 1,771.4 | 1,887.0 | 1,432.5 | 1,117.8 | 1,700.2 | 2,105.1 | 2,363.6 |
EPS (adj.) | 1.61 | 1.43 | 3.04 | 2.88 | 1.57 | 2.21 | 2.74 | 3.08 |
growth-% | -18.8 % | -10.9 % | 112.3 % | -5.3 % | -45.5 % | 40.9 % | 23.8 % | 12.3 % |
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 % | 85.9 % | 58.7 % | 48.5 % | 43.9 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 12.8 % | 17.2 % | 11.9 % | 11.1 % | 11.9 % | 13.1 % | 14.0 % | 14.9 % |
EBIT-% (adj.) | 12.0 % | 8.9 % | 11.3 % | 11.3 % | 7.6 % | 8.9 % | 10.1 % | 11.0 % |
EBIT-% | 7.0 % | 13.4 % | 9.4 % | 7.3 % | 7.0 % | 8.9 % | 10.1 % | 11.0 % |
ROE | 12.0 % | 27.5 % | 24.7 % | 17.1 % | 13.1 % | 18.8 % | 21.2 % | 21.1 % |
ROI | 11.5 % | 25.3 % | 24.5 % | 14.3 % | 11.2 % | 16.8 % | 19.2 % | 19.7 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 59.16 | 43.36 | 43.02 | 32.21 | 22.16 | 22.16 | 22.16 | 22.16 |
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 | 17,023.3 | 17,023.3 | 17,023.3 | 17,023.3 |
Enterprise value | 45,181.0 | 33,475.1 | 34,386.9 | 27,236.7 | 19,573.8 | 19,195.4 | 17,975.8 | 16,266.1 |
EV/S | 3.8 | 2.2 | 1.3 | 1.2 | 1.0 | 0.8 | 0.7 | 0.6 |
EV/EBITDA | 30.0 | 12.8 | 11.3 | 10.7 | 8.3 | 6.2 | 5.0 | 4.1 |
EV/EBIT (adj.) | 31.9 | 24.9 | 11.9 | 10.5 | 13.1 | 9.1 | 7.0 | 5.6 |
EV/EBIT | 54.6 | 16.5 | 14.3 | 16.2 | 14.1 | 9.1 | 7.0 | 5.6 |
P/E (adj.) | 36.8 | 30.3 | 14.1 | 11.2 | 14.1 | 10.0 | 8.1 | 7.2 |
P/E | 63.8 | 18.8 | 17.5 | 17.3 | 15.2 | 10.0 | 8.1 | 7.2 |
P/B | 7.7 | 4.8 | 4.0 | 2.9 | 2.0 | 1.8 | 1.6 | 1.4 |
P/S | 3.9 | 2.2 | 1.3 | 1.1 | 0.9 | 0.7 | 0.7 | 0.6 |
Dividend yield | 1.4 % | 1.9 % | 3.5 % | 3.7 % | 5.6 % | 5.9 % | 6.0 % | 6.1 % |
Equity ratio | 60.4 % | 56.6 % | 56.3 % | 53.0 % | 56.4 % | 56.7 % | 58.7 % | 61.3 % |
Gearing ratio | -4.1 % | 2.5 % | 16.1 % | 29.5 % | 29.5 % | 23.1 % | 9.1 % | -6.4 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 5,351.0 | 5,973.3 | 6,303.6 | 22,925.9 | 4,800.9 | 3,568.8 | 5,606.5 | 5,757.3 | 19,733.4 |
EBITDA | 522.8 | 889.2 | 672.5 | 2,547.5 | 442.0 | 410.3 | 735.6 | 763.5 | 2,351.4 |
EBIT | 311.9 | 669.2 | 415.4 | 1,681.5 | 200.0 | 169.3 | 494.6 | 522.5 | 1,386.4 |
Profit before taxes | 294.9 | 618.5 | 406.1 | 1,595.5 | 189.0 | 154.3 | 449.6 | 507.5 | 1,300.4 |
Net income | 258.9 | 535.8 | 399.8 | 1,432.5 | 162.0 | 132.7 | 386.6 | 436.5 | 1,117.8 |
ShowingAll content types
Neste: Transfer of own shares as a directed share issue based on share-based incentive plan
Neste Q1: Market confidence in earnings growth tested
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