Company Valuation: Neste Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 33,299 33,043 24,744 9,315 14,912 25,015 - -
Change - -0.77% -25.12% -62.36% 60.09% 67.75% - -
Enterprise Value (EV) 1 33,340 34,387 27,232 13,507 18,729 27,308 26,096 24,056
Change - 3.14% -20.81% -50.4% 38.67% 45.8% -4.44% -7.82%
P/E 18.9x 17.5x 17.2x -101x 102x 10.5x 13.7x 13.5x
PBR 4.77x 3.97x 2.92x 1.26x 2.04x 2.64x 2.32x 2.08x
PEG - 2.52x -0.7x 1x -0x 0x -0.6x 7.63x
Capitalization / Revenue 2.2x 1.29x 1.08x 0.45x 0.78x 1.17x 1.11x 1.06x
EV / Revenue 2.2x 1.34x 1.19x 0.65x 0.98x 1.27x 1.16x 1.02x
EV / EBITDA 17.4x 9.72x 7.87x 10.8x 11.1x 6.86x 7.88x 7.32x
EV / EBIT 24.8x 11.9x 10.5x 49.7x 25x 8.96x 11.2x 10.5x
EV / FCF 32.8x -63x 32.1x -36.6x 23.1x 14.7x 13x 11.3x
FCF Yield 3.05% -1.59% 3.12% -2.73% 4.33% 6.79% 7.72% 8.84%
Dividend per Share 2 0.82 1.52 1.2 0.2 0.2 0.5946 0.6278 0.8038
Rate of return 1.89% 3.53% 3.73% 1.65% 1.03% 1.83% 1.93% 2.47%
EPS 2 2.3 2.46 1.87 -0.12 0.19 3.107 2.376 2.418
Distribution rate 35.7% 61.8% 64.2% -167% 105% 19.1% 26.4% 33.2%
Net sales 1 15,148 25,707 22,926 20,635 19,016 21,446 22,470 23,603
EBITDA 1 1,920 3,537 3,458 1,252 1,683 3,978 3,311 3,288
EBIT 1 1,342 2,899 2,592 272 749 3,048 2,329 2,292
Net income 1 1,771 1,888 1,433 -95 144 2,413 1,898 1,874
Net Debt 1 41 1,344 2,488 4,192 3,817 2,293 1,081 -959.5
Reference price 2 43.36 43.02 32.21 12.12 19.41 32.56 32.56 32.56
Nbr of stocks (in thousands) 767,969 768,083 768,200 768,216 768,274 768,283 - -
Announcement Date 2/10/22 2/8/23 2/8/24 2/13/25 2/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.48x1.27x6.86x1.83% 29B
14.37x1.72x7.39x2.52% 677B
20.44x1.67x9.79x0.45% 187B
7.46x0.59x2.73x4.66% 113B
7.47x0.8x5.36x1.07% 108B
8.84x0.72x5.51x1.34% 104B
9.56x0.69x6.99x2.02% 101B
9.67x1.89x4.88x2.52% 80.77B
12.48x1.5x8.22x1.83% 65.29B
6.51x0.46x3.25x3.93% 34.88B
Average 10.73x 1.13x 6.10x 2.22% 149.87B
Weighted average by Cap. 12.81x 1.38x 6.83x 2.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield