Neste Oyj

BRSE:NEF Stock Report

Market Cap: CHF 20.6b

Neste Oyj Valuation

Is NEF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of NEF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: NEF (CHF25.62) is trading below our estimate of future cash flow value (CHF48.88)

Significantly Below Future Cash Flow Value: NEF is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEF?

Key metric: As NEF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NEF. This is calculated by dividing NEF's market cap by their current earnings.
What is NEF's PE Ratio?
PE Ratio31.2x
Earnings€717.00m
Market Cap€22.36b

Price to Earnings Ratio vs Peers

How does NEF's PE Ratio compare to its peers?

The above table shows the PE ratio for NEF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
5020 ENEOS Holdings
12.9x1.31%JP¥3.3t
6505 Formosa Petrochemical
21.1x11.81%NT$560.1b
IOC Indian Oil
4.5x-24.26%₹1.9t
PKN Orlen
25.1x10.75%zł161.9b
NEF Neste Oyj
31.2x10.95%CHF 22.4b

Price-To-Earnings vs Peers: NEF is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the peer average (15.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does NEF's PE Ratio compare vs other companies in the European Oil and Gas Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NEF 31.2xIndustry Avg. 15.5xNo. of Companies13PE0816243240+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NEF is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the European Oil and Gas industry average (15.5x).

Price to Earnings Ratio vs Fair Ratio

What is NEF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NEF's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NEF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 25.62
CHF 27.28
+6.48%
19.14%CHF 33.20CHF 11.16n/a19
Jul ’27CHF 25.77
CHF 27.04
+4.94%
19.96%CHF 33.15CHF 11.14n/a18
Jun ’27n/a
CHF 25.93
0%
23.11%CHF 32.78CHF 11.02n/a19
May ’27CHF 27.87
CHF 26.04
-6.58%
22.98%CHF 32.98CHF 11.08n/a19
Apr ’27n/a
CHF 23.21
0%
23.81%CHF 32.22CHF 11.14n/a19
Mar ’27n/a
CHF 19.12
0%
15.47%CHF 22.81CHF 11.04n/a19
Feb ’27n/a
CHF 18.94
0%
17.32%CHF 23.84CHF 11.09n/a19
Jan ’27n/a
CHF 18.55
0%
16.23%CHF 24.21CHF 11.27n/a19
Dec ’26n/a
CHF 17.34
0%
16.64%CHF 22.38CHF 11.28n/a20
Nov ’26n/a
CHF 16.87
0%
16.76%CHF 22.26CHF 11.22n/a20
Oct ’26n/a
CHF 14.84
0%
16.74%CHF 21.51CHF 11.04n/a20
Sep ’26CHF 14.77
CHF 14.60
-1.15%
15.83%CHF 21.54CHF 11.05n/a20
Aug ’26CHF 12.89
CHF 13.76
+6.76%
20.34%CHF 21.33CHF 9.27n/a20
Jul ’26CHF 10.63
CHF 12.01
+12.95%
26.14%CHF 21.49CHF 7.47CHF 25.7720
Jun ’26CHF 8.78
CHF 11.47
+30.57%
29.09%CHF 21.52CHF 7.48n/a20
May ’26CHF 8.21
CHF 11.60
+41.19%
33.18%CHF 24.35CHF 7.49CHF 27.8720
Apr ’26CHF 7.88
CHF 13.41
+70.32%
28.90%CHF 24.79CHF 8.87n/a20
Mar ’26CHF 8.28
CHF 14.23
+71.76%
24.86%CHF 24.38CHF 9.38n/a20
Feb ’26n/a
CHF 17.21
0%
23.40%CHF 26.50CHF 10.88n/a20
Jan ’26n/a
CHF 17.94
0%
20.71%CHF 26.15CHF 12.14n/a20
Dec ’25n/a
CHF 18.42
0%
20.82%CHF 26.09CHF 12.11n/a20
Nov ’25n/a
CHF 19.57
0%
23.01%CHF 33.81CHF 12.68n/a20
Oct ’25n/a
CHF 21.07
0%
20.55%CHF 33.92CHF 15.08n/a20
Sep ’25n/a
CHF 22.82
0%
22.65%CHF 36.59CHF 15.95CHF 14.7720
Aug ’25n/a
CHF 22.81
0%
23.25%CHF 37.27CHF 16.25CHF 12.8920
Jul ’25CHF 16.41
CHF 26.27
+60.08%
25.18%CHF 38.35CHF 18.69CHF 10.6320
CHF 26.05
Fair Value
1.6% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 17:17
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Neste Oyj is covered by 35 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alejandro VigilBanco Santander
Naisheng CuiBarclays
Henry TarrBerenberg