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Neste Oyj (NESTE.HE)

EUR31.23 +0.53 (+1.73%)
FI HEL Energy Oil & Gas Refining & Marketing
Address Keilaranta 95
Espoo, FI
CEO Heikki Malinen
Website neste.com
IPO 2005-04-18
ISIN FI0009013296

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Also trades on Deutsche Börse · NEF.DE (EUR) Frankfurt Stock Exchange · NEF.F (EUR) NASDAQ Helsinki · NESTE.HE (EUR) Other OTC · NTOIF (USD) Other OTC · NTOIY (USD)
Description

Neste Oyj, an enterprise based in Espoo, Finland, delivers an array of sustainable and conventional oil products across multiple global regions, encompassing Finland, the Nordics, the Baltics, other European nations, and both North and South America. The company's operations are structured into four key divisions: Renewable Products, Oil Products, Marketing & Services, and Others. Through its Renewable Products segment, Neste develops, promotes, and sells sustainable diesel, eco-friendly jet fuels, and bio-solvents, alongside producing raw materials for bioplastics, all leveraging its specialized technology for wholesale distribution. The Oil Products division is responsible for manufacturing and supplying a comprehensive suite of refined petroleum products. This includes diesel, petrol, aviation and marine fuels, various fuel oils (light and heavy), base oils, gasoline constituents, specialized small engine fuels, solvents, liquefied gases, and bitumen, serving a diverse clientele from retailers and distributors to major oil firms, trading houses, petrochemical producers, and lubricant/solvent marketers. The Marketing & Services segment is dedicated to retailing petroleum products and associated amenities. It reaches private vehicle owners, industrial clients, logistics firms, agricultural customers, and heating oil consumers through its extensive network of 947 service stations and direct sales channels. Within the "Others" segment, the company provides engineering and technological solutions. Furthermore, Neste also manufactures essential raw materials for the polymers and chemicals industries. Established in 1948, the company was formerly recognized as Neste Oil Oyj before rebranding to Neste Oyj in June 2015.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR31.23 +0.53 (+1.73%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.58
Float Shares
418.53M
Free Float %
54.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.71% +5.21% +13.28% +41.83% +63.15% +46.03% +204.61% -25.08% -41.21% +209.47% +439.70%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
31.23
DCF (Unlevered) 17.81 -43.0%
DCF (Levered) 27.26 -12.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 53% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 6 0
Hold 5 -2
Sell 2 0
Strong Sell 1 -1
Quality scores
Altman Z-Score
3.24
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Refining & Marketing: -1.3%
    -7.9% Q1'26: +2.9% (vs Q1'25)
  • EPS growth Oil & Gas Refining & Marketing: +42.8%
    +258.3% Q1'26: +1,424.4% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Refining & Marketing: +92.2%
    +2.7% Q1'26: +10.3% (vs Q1'25)
  • EBIT margin Oil & Gas Refining & Marketing: +4.6%
    +1.8% Q1'26: +13.3% (vs Q1'25)
  • ROIC Oil & Gas Refining & Marketing: +5.9%
    +2.1% Q1'26: +19.5% (vs Q1'25)
  • Share dilution Oil & Gas Refining & Marketing: +0.0%
    0.0% Q1'26: +0.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Refining & Marketing: 0.89×
    4.61× Q1'26: 1.44× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.59) × ERP
WACC = 79% × Ke + 21% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 17.67 Current price: 31.23
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
12 Rev. Ana.
12 EPS Ana.
Dec 2027
14 Rev. Ana.
14 EPS Ana.
Dec 2028
12 Rev. Ana.
8 EPS Ana.
Dec 2029
11 Rev. Ana.
6 EPS Ana.
Dec 2030
6 Rev. Ana.
6 EPS Ana.
Revenue
11.13B
est: 11.18B (-0.4%)
11.69B
est: 11.28B (+3.6%)
13.22B
est: 12.89B (+2.5%)
14.92B
est: 14.81B (+0.7%)
15.84B
est: 15.58B (+1.7%)
11.74B
est: 11.68B (+0.5%)
15.15B
est: 14.41B (+5.1%)
25.71B
est: 25.47B (+0.9%)
22.93B
est: 21.72B (+5.6%)
20.64B
est: 20.20B (+2.2%)
19.02B
est: 19.10B (-0.5%)
21.39B
18.50B – 25.09B
+12.0% YoY
22.48B
18.34B – 42.18B
+5.1% YoY
23.70B
23.60B – 23.80B
+5.4% YoY
26.31B
22.07B – 40.65B
+11.0% YoY
30.99B
26.00B – 47.89B
+17.8% YoY
EBITDA
945.00M
est: 1.27B (-25.5%)
1.47B
est: 1.28B (+14.7%)
1.54B
est: 1.46B (+5.2%)
1.62B
est: 1.68B (-3.7%)
2.62B
est: 1.77B (+48.0%)
1.38B
est: 1.33B (+4.4%)
2.59B
est: 1.63B (+58.6%)
2.97B
est: 2.89B (+2.8%)
2.58B
est: 2.25B (+15.0%)
1.03B
est: 2.09B (-50.6%)
1.28B
est: 1.97B (-35.0%)
2.21B
1.91B – 2.59B
+12.0% YoY
2.32B
1.90B – 4.36B
+5.1% YoY
2.45B
2.44B – 2.46B
+5.4% YoY
2.72B
2.28B – 4.20B
+11.0% YoY
3.20B
2.69B – 4.95B
+17.8% YoY
EBIT
711.00M
est: 837.95M (-15.2%)
1.14B
est: 845.49M (+34.2%)
1.14B
est: 966.40M (+17.6%)
990.00M
est: 1.11B (-10.8%)
2.11B
est: 1.17B (+81.0%)
870.00M
est: 875.67M (-0.6%)
2.01B
est: 1.08B (+86.0%)
2.33B
est: 1.91B (+22.2%)
1.72B
est: 1.39B (+24.0%)
51.00M
est: 1.29B (-96.0%)
350.00M
est: 1.22B (-71.3%)
1.36B
1.18B – 1.60B
+12.0% YoY
1.43B
1.17B – 2.69B
+5.1% YoY
1.51B
1.51B – 1.52B
+5.4% YoY
1.68B
1.41B – 2.59B
+11.0% YoY
1.98B
1.66B – 3.06B
+17.8% YoY
Net Income
558.00M
est: 618.68M (-9.8%)
939.00M
est: 756.30M (+24.2%)
911.00M
est: 815.29M (+11.7%)
778.00M
est: 1.10B (-29.1%)
1.79B
est: 1.48B (+20.5%)
712.00M
est: 1.19B (-40.2%)
1.77B
est: 1.11B (+59.6%)
1.89B
est: 2.26B (-16.3%)
1.43B
est: 956.00M (+49.9%)
-95.00M
est: 338.11M (-128.1%)
144.00M
est: 502.44M (-71.3%)
1.99B
1.45B – 2.50B
+296.5% YoY
1.55B
1.27B – 2.35B
-22.1% YoY
1.64B
1.15B – 1.98B
+5.7% YoY
1.72B
1.36B – 2.95B
+5.2% YoY
1.15B
910.92M – 1.97B
-33.2% YoY
SGA
17.00M
est: 84.67M (-79.9%)
18.00M
est: 85.43M (-78.9%)
17.00M
est: 97.65M (-82.6%)
18.00M
est: 112.18M (-84.0%)
20.00M
est: 117.99M (-83.0%)
26.00M
est: 88.48M (-70.6%)
32.00M
est: 109.15M (-70.7%)
36.00M
est: 192.89M (-81.3%)
48.00M
est: 326.89M (-85.3%)
620.00M
est: 304.02M (+103.9%)
753.00M
est: 287.53M (+161.9%)
321.89M
278.42M – 377.59M
+12.0% YoY
338.40M
276.00M – 634.77M
+5.1% YoY
356.71M
355.19M – 358.23M
+5.4% YoY
395.94M
332.12M – 611.77M
+11.0% YoY
466.44M
391.26M – 720.70M
+17.8% YoY
EPS
0.73
est: 0.81 (-9.3%)
1.22
est: 0.98 (+24.0%)
1.19
est: 1.06 (+12.2%)
1.01
est: 1.43 (-29.3%)
2.33
est: 1.93 (+20.7%)
0.93
est: 1.55 (-39.9%)
2.31
est: 1.44 (+59.9%)
2.46
est: 2.93 (-16.2%)
1.87
est: 1.24 (+50.3%)
-0.12
est: 0.35 (-134.1%)
0.19
est: 0.52 (-63.7%)
2.48
1.89 – 3.25
+374.3% YoY
2.02
1.66 – 3.06
-18.8% YoY
2.09
1.50 – 2.58
+3.9% YoY
2.25
1.77 – 3.84
+7.2% YoY
1.50
1.19 – 2.56
-33.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B 3/5 3/5 3/5 4/5 2/5 2/5 2/5
2026-05-08 B 3/5 3/5 3/5 4/5 2/5 2/5 2/5
2026-05-07 B 3/5 3/5 3/5 4/5 2/5 2/5 2/5
2026-05-06 B 3/5 3/5 3/5 4/5 2/5 2/5 2/5
2026-05-05 B 3/5 3/5 3/5 4/5 2/5 2/5 2/5
2026-05-04 B 3/5 3/5 3/5 4/5 2/5 2/5 2/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 B- 3/5 3/5 3/5 4/5 1/5 1/5 3/5
2026-04-28 B 3/5 4/5 3/5 4/5 1/5 1/5 3/5
2026-04-27 B 3/5 4/5 3/5 4/5 1/5 1/5 3/5
2026-04-24 B 3/5 4/5 3/5 4/5 1/5 1/5 3/5
2026-04-23 B- 3/5 4/5 3/5 4/5 1/5 1/5 2/5
2026-04-22 B- 3/5 4/5 3/5 4/5 1/5 1/5 2/5
2026-04-21 B 3/5 4/5 3/5 5/5 1/5 1/5 2/5
2026-04-20 B 3/5 4/5 3/5 5/5 1/5 1/5 2/5
2026-04-17 B 3/5 4/5 3/5 5/5 1/5 1/5 2/5
2026-04-16 B 3/5 4/5 3/5 5/5 1/5 1/5 2/5
2026-04-15 B 3/5 4/5 3/5 5/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
256.48M
OE per share TTM
0.35
Owner's Yield
1.16%
Maintenance CapEx ratio
413.20%
Maint CapEx / Avg PPE
35.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
64.7K
Shares Outstanding
768.27M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Heikki Malinen Chief Executive Officer & President 1M male
Eeva Sipila CEFA Chief Financial Officer 4.0K female
Hanna Maula Senior Vice President of Communications, Marketing, Sustainability & Public Affairs female
Hannele Jakosuo-Jansson Executive Vice President of People & Culture female
Jori Sahlsten Executive Vice President of Oil Products male
Jukka Kanerva Senior Vice President of Renewable Products Refining
Jukka Miettinen Vice President of Investor Relations
Lars Peter Lindfors Senior Vice President of Technology & Innovation male
Markku Korvenranta Executive Vice President & Chief Operating Officer male
Carl Nyberg Senior Vice President of Renewable Products Commercial male
Tommi Tuovila Chief Information Officer male
Christian Ståhlberg Senior Vice President of Legal & Compliance and General Counsel male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits