Neste: The price tag for earnings growth is reasonable
Neste's Q1 figures were almost in line with our expectations, while the outlook for the Renewable Products’ sales margin in particular for Q2 turned the overall picture of the report to the positive side. We made minor revisions to our short-term estimates, while we made no changes to our longer-term volume-driven earnings growth estimates for Renewable Products.
Login required
This content is only available for logged in users
Neste
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.
Read more on company pageKey Estimate Figures01.05.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 25,707.4 | 25,289.9 | 24,050.0 |
growth-% | 69.71 % | -1.62 % | -4.90 % |
EBIT (adj.) | 2,898.0 | 2,660.2 | 2,807.3 |
EBIT-% (adj.) | 11.27 % | 10.52 % | 11.67 % |
EPS (adj.) | 3.02 | 2.86 | 2.91 |
Dividend | 1.52 | 1.43 | 1.50 |
Dividend % | 3.53 % | 8.56 % | 8.97 % |
P/E (adj.) | 14.27 | 5.84 | 5.74 |
EV/EBITDA | 11.28 | 4.92 | 3.90 |