Neste Oyj Future Growth

Future criteria checks 4/6

Neste Oyj is forecast to grow earnings and revenue by 67.7% and 5% per annum respectively. EPS is expected to grow by 67.7% per annum. Return on equity is forecast to be 11.6% in 3 years.

Key information

67.7%

Earnings growth rate

67.72%

EPS growth rate

Oil and Gas earnings growth	12.7%
Revenue growth rate	5.0%
Future return on equity	11.59%
Analyst coverage	Good
Last updated	05 Dec 2025

Recent future growth updates

Neste Oyj Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

Feb 17

Recent updates

A Piece Of The Puzzle Missing From Neste Oyj's (HEL:NESTE) 25% Share Price Climb

Jul 02

Even With A 30% Surge, Cautious Investors Are Not Rewarding Neste Oyj's (HEL:NESTE) Performance Completely

May 13

Neste Oyj (HEL:NESTE) Use Of Debt Could Be Considered Risky

Apr 15

Neste Oyj's (HEL:NESTE) Shareholders Will Receive A Smaller Dividend Than Last Year

Mar 24

Neste Oyj's (HEL:NESTE) Dividend Will Be Reduced To €0.20

Mar 05

Neste Oyj (HEL:NESTE) Might Not Be As Mispriced As It Looks After Plunging 28%

Feb 20

Neste Oyj Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

Feb 17

Some Investors May Be Worried About Neste Oyj's (HEL:NESTE) Returns On Capital

Feb 10

What is the fair value of Neste

Nov 12Global oil demand is expected to plateau or decline slightly (-)Increased adaption of electric vehiclesImprovements in energy efficiency

Earnings and Revenue Growth Forecasts

HLSE:NESTE - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	21,289	1,051	1,128	1,973	13
12/31/2026	19,380	827	535	1,758	13
12/31/2025	19,009	189	157	1,279	13
9/30/2025	19,630	-105	592	1,577	N/A
6/30/2025	20,720	-189	404	1,697	N/A
3/31/2025	20,851	-297	-262	1,266	N/A
12/31/2024	20,635	-95	-369	1,183	N/A
9/30/2024	21,371	440	-675	974	N/A
6/30/2024	21,720	956	40	1,447	N/A
3/31/2024	22,429	1,358	511	1,858	N/A
12/31/2023	22,926	1,433	849	2,279	N/A
9/30/2023	23,184	1,547	892	2,330	N/A
6/30/2023	23,794	1,145	314	2,376	N/A
3/31/2023	25,482	1,487	313	2,213	N/A
12/31/2022	25,707	1,888	-524	1,197	N/A
9/30/2022	24,112	1,830	132	1,658	N/A
6/30/2022	21,555	2,201	193	1,196	N/A
3/31/2022	17,539	2,034	499	1,508	N/A
12/31/2021	15,148	1,771	1,017	1,994	N/A
9/30/2021	11,815	1,320	1,154	2,099	N/A
6/30/2021	10,670	1,159	1,423	2,216	N/A
3/31/2021	10,219	886	984	1,711	N/A
12/31/2020	10,357	712	1,295	2,057	N/A
9/30/2020	11,298	1,640	958	1,746	N/A
6/30/2020	12,378	1,561	558	1,307	N/A
3/31/2020	13,863	1,695	854	1,549	N/A
12/31/2019	14,362	1,788	889	1,456	N/A
9/30/2019	13,995	981	532	988	N/A
6/30/2019	13,918	883	N/A	1,178	N/A
3/31/2019	13,606	722	N/A	1,229	N/A
12/31/2018	13,466	775	N/A	1,452	N/A
9/30/2018	13,410	894	N/A	1,369	N/A
6/30/2018	12,755	992	N/A	1,511	N/A
3/31/2018	12,290	1,058	N/A	1,373	N/A
12/31/2017	11,732	911	N/A	1,094	N/A
9/30/2017	10,720	927	N/A	1,044	N/A
6/30/2017	10,525	912	N/A	860	N/A
3/31/2017	10,173	926	N/A	1,120	N/A
12/31/2016	9,408	939	N/A	1,193	N/A
9/30/2016	8,966	886	N/A	1,178	N/A
6/30/2016	8,956	762	N/A	1,294	N/A
3/31/2016	8,632	591	N/A	1,045	N/A
12/31/2015	9,070	558	N/A	743	N/A
9/30/2015	9,982	328	N/A	715	N/A
6/30/2015	10,804	215	N/A	249	N/A
3/31/2015	12,303	212	N/A	241	N/A
12/31/2014	13,069	57	N/A	248	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NESTE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: NESTE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NESTE is expected to become profitable in the next 3 years.

Revenue vs Market: NESTE's revenue (5% per year) is forecast to grow faster than the Finnish market (4.1% per year).

High Growth Revenue: NESTE's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NESTE's Return on Equity is forecast to be low in 3 years time (11.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/07 00:36
End of Day Share Price	2025/12/05 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 42 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alejandro Vigil	Banco Santander
Naisheng Cui	Barclays
Henry Tarr	Berenberg

Neste Oyj Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Neste Oyj Announces Guidance Unchanged for 2025

Price target increased by 10.0% to €14.30

Neste Oyj Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 27%

Consensus EPS estimates fall by 13%

Recent updates

Take Care Before Diving Into The Deep End On Neste Oyj (HEL:NESTE)

New major risk - Financial position

Neste Oyj Announces Guidance Unchanged for 2025

A Look At The Fair Value Of Neste Oyj (HEL:NESTE)

Here's Why Neste Oyj (HEL:NESTE) Can Afford Some Debt

Neste Oyj, Annual General Meeting, Mar 25, 2026

Price target increased by 10.0% to €14.30

Second quarter 2025 earnings: EPS and revenues miss analyst expectations

A Piece Of The Puzzle Missing From Neste Oyj's (HEL:NESTE) 25% Share Price Climb

Now 21% undervalued

Neste Corporation Appoints Members to Shareholders' Nomination Board

Now 22% undervalued after recent price drop

Even With A 30% Surge, Cautious Investors Are Not Rewarding Neste Oyj's (HEL:NESTE) Performance Completely

First quarter 2025 earnings: EPS and revenues miss analyst expectations

Neste Oyj (HEL:NESTE) Use Of Debt Could Be Considered Risky

Neste Oyj Elects Members of Its Two Committees

Neste Corporation Approves Dividend for the Year 2024, Payable on 3 April 2025

Neste Oyj's (HEL:NESTE) Shareholders Will Receive A Smaller Dividend Than Last Year

Upcoming dividend of €0.20 per share

Neste Oyj's (HEL:NESTE) Dividend Will Be Reduced To €0.20

Neste Oyj (HEL:NESTE) Might Not Be As Mispriced As It Looks After Plunging 28%

New minor risk - Share price stability

Neste Oyj Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next

Neste Oyj, Annual General Meeting, Mar 25, 2025

Insufficient new directors

Neste Oyj Announces Resignation of Eeva Sipilä as Member of the Board of Directors and the Chair of the Audit Committee

Some Investors May Be Worried About Neste Oyj's (HEL:NESTE) Returns On Capital

What is the fair value of Neste

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 27%

Neste Announces CFO Changes

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 13%

Upcoming dividend of €0.60 per share

Price target decreased by 7.8% to €22.51

Investor sentiment deteriorates as stock falls 16%

Consensus EPS estimates fall by 11%

Neste Oyj to Report Nine Months, 2025 Results on Oct 29, 2025

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus revenue estimates increase by 12%, EPS downgraded

Neste Corporation Announces Resignation of Heikki Malinen as Member of the Board of Directors

Neste Corporation Appoints Nomination Board

Investor sentiment deteriorates as stock falls 16%

Consensus EPS estimates fall by 13%

Neste Corporation Announces Change in the Executive Committee

Price target decreased by 7.4% to €33.51

Neste Corporation Appoints Heikki Malinen as President, as of 2 November 2024

Neste Corporation Announces Resignation of Matti Lehmus as President

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Dividend of €0.60 announced

Neste Announces Committees Election

Neste Oyj Approves Board Appointments

Upcoming dividend of €0.60 per share

Price target decreased by 7.7% to €39.80

Final dividend of €0.60 announced

Consensus EPS estimates fall by 12%

Price target decreased by 7.0% to €40.75

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Neste Oyj Proposes Dividend for the Year 2023, Payable in Two Installments on 2 April 2024 and on 9 October 2024

Neste Corporation Announces Kimmo Viertola Not to Stand for Re-Election as Board Member

Neste Oyj (HLSE:NESTE) acquired additional 29% stake in Neste Demeter B.V.

Neste Oyj Expects A Reduction of Approximately 400 Roles Globally, Predominantly in Functions, in the Renewables Business and in Development Roles

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

New minor risk - Share price stability

Neste Oyj to Report Fiscal Year 2023 Final Results on Feb 26, 2024

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity