Professional
Added to YB: 2024-08-12
Pitch date: 2024-08-01
NESTE.HE [bullish]
Neste Oyj
+7.22%
current return
Author Info
No bio for this author
Company Info
Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally.
Market Cap
EUR 14.2B
Pitch Price
EUR 17.35
Price Target
N/A
Dividend
6.49%
EV/EBITDA
8.59
P/E
14.86
EV/Sales
0.84
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Protean Funds Passive Aggressive Portfolio Holding: Neste Oyj
NESTE.HE: Renewable fuel leader hit by overcapacity, policy shifts & Chinese exports. Trading flat 7y, down 70% from peak. Signs of cycle turning: EU anti-dumping measures, competitors canceling capacity. Unique global position, integrated ops. Trading at fossil refinery multiples despite biofuel growth. Risks: guidance miss. Catalyst: 2025 EU SAF mandate, tightening markets.
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