Projected Income Statement: Neste Oyj

Forecast Balance Sheet: Neste Oyj

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 -191 -265 41 1,344 2,488 4,192 4,157 3,919
Change - -238.74% -84.53% 3,178.05% 85.12% 68.49% 3.56% -5.73%
Announcement Date 2/7/20 2/5/21 2/10/22 2/8/23 2/8/24 2/13/25 - -
1EUR in Million
Estimates

Cash Flow Forecast: Neste Oyj

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 567 972 977 1,743 1,607 1,552 1,192 1,116
Change - 71.43% 0.51% 78.4% -7.8% -3.42% -22.24% -6.35%
Free Cash Flow (FCF) 1 889 1,295 1,017 -546 849 -369 209.8 611.8
Change - 45.67% -21.47% -153.69% -255.49% -143.46% -136.88% 191.66%
Announcement Date 2/7/20 2/5/21 2/10/22 2/8/23 2/8/24 2/13/25 - -
1EUR in Million
Estimates

Forecast Financial Ratios: Neste Oyj

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 15.56% 17.84% 12.67% 13.76% 15.08% 6.07% 7.46% 9.78%
EBIT Margin (%) 12.39% 12.05% 8.86% 11.28% 11.31% 1.32% 3.48% 5.88%
EBT Margin (%) 13.05% 6.69% 12.95% 8.87% 6.96% -0.55% 2.05% 4.57%
Net margin (%) 11.29% 6.06% 11.69% 7.34% 6.25% -0.46% 2.38% 4.04%
FCF margin (%) 5.61% 11.02% 6.71% -2.12% 3.7% -1.79% 0.97% 2.78%
FCF / Net Income (%) 49.69% 181.88% 57.43% -28.92% 59.25% 388.42% 40.67% 68.84%

Profitability

        
ROA 17.36% 7.26% 15.93% 13.81% 9.28% -0.6% 6.84% 6.18%
ROE 29.66% 20.75% 28.5% 25.1% 17.9% 1.65% 6.95% 11.43%

Financial Health

        
Leverage (Debt/EBITDA) - - 0.02x 0.38x 0.72x 3.35x 2.58x 1.82x
Debt / Free cash flow - - 0.04x -2.46x 2.93x -11.36x 19.82x 6.41x

Capital Intensity

        
CAPEX / Current Assets (%) 3.58% 8.27% 6.45% 6.78% 7.01% 7.52% 5.51% 5.08%
CAPEX / EBITDA (%) 23.01% 46.37% 50.89% 49.28% 46.47% 123.96% 73.87% 51.95%
CAPEX / FCF (%) 63.78% 75.06% 96.07% -319.23% 189.28% -420.6% 568.34% 182.49%

Items per share

        
Cash flow per share 1 1.9 2.68 2.59 1.56 2.852 1.54 1.73 2.153
Change - 41.05% -3.36% -39.78% 82.86% -46.01% -2.87% 24.43%
Dividend per Share 1 1.02 0.8 0.82 1.52 1.2 0.2 0.318 0.5606
Change - -21.57% 2.5% 85.37% -21.05% -83.33% -48.85% 76.29%
Book Value Per Share 1 7.71 7.72 9.09 10.83 11.02 9.65 10.18 10.7
Change - 0.13% 17.75% 19.14% 1.75% -12.43% 4% 5.11%
EPS 1 2.33 0.93 2.3 2.46 1.87 -0.12 0.48 1.114
Change - -60.09% 147.31% 6.96% -23.98% -106.42% 453.89% 132.15%
Nbr of stocks (in thousands) 767,684 767,837 767,969 768,083 768,200 768,216 768,216 768,216
Announcement Date 2/7/20 2/5/21 2/10/22 2/8/23 2/8/24 2/13/25 - -
1EUR
Estimates
2024 2025 *
P/E ratio -101x 21.8x
PBR 1.26x 1.03x
EV / Sales 0.65x 0.56x
Yield 1.65% 3.04%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
10.47EUR
Average target price
15.90EUR
Spread / Average Target
+51.86%
Consensus

Quarterly revenue - Rate of surprise