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Neste

19.61 EUR

-1.31 %

26,200 following

NESTE

NASDAQ Helsinki

Non-Renewable

Energy

-1.31 %
+1.03 %
+3.32 %
+20.97 %
+54.17 %
+59.56 %
-56.40 %
-68.11 %
+263.60 %

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
15.08B EUR
Turnover
4.31M EUR
P/E (adj.) (25e)
EV/EBIT (adj.) (25e)
P/B (25e)
EV/S (25e)
Dividend yield-% (25e)
Coverage
Recommendation
Reduce
Target price
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
Thailand mandates 1% SAF blend for jet fuel from January 1, 2026
1/5/2026, 8:29 AM
by bottom-ditching
62
Neste supplies sustainable aviation fuel to Cathay Group scaling up the use of SAF across three major aviation regions | Neste
12/18/2025, 7:55 AM
by bottom-ditching
41
Yle Uutiset – 3 Jan 26 Maailman suurin lentokonevalmistaja rakentaa alan tulevaisuutta suomalaisen... Uusiutuvan lentopolttoaineen hinta on kolminkertainen fossiiliseen verrattuna. Lentoyhtiöt sanovat sääntelyn johtaneen hintakiskontaan. “Neste and Airbus have been collaborating ...
1/3/2026, 7:15 AM
by Ummon
29
In two years, if the renewables sales margin were 600 USD/t and the sales volume 6 Mt/a, then Neste could be a 30 euro stock. In Q3/25, the renewables sales margin was 480 USD/t and in the peak year 2023 it was 863 USD/t, so in itself quite a possible scenario.
yesterday
by A-Laatikko
24
Yes, the other capacity that has not been shut down due to maintenance outages is being run at full capacity, and more will come when the Rotterdam expansion is completed. According to the current schedule, this will be during 2027, but there is always uncertainty associated with...
12/17/2025, 3:40 PM
by Petri Gostowski
23
It’s good that more is coming online, as airlines have been complaining that there isn’t enough capacity in the market to meet the mandates. IATA figures show that SAF production would be 1.9 million tonnes in 2025 and 2.4 million tonnes in 2026. According to those, the growth would...
1/2/2026, 1:15 PM
by Sinuhe
17
HVO futures have risen back to virtually multi-year highs after a short dip
12/16/2025, 3:55 PM
by bottom-ditching
16
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