- Adjusted EBITDA: EU240 million, fell short of the estimate of EU318.6 million.
- Total Revenue: EU4.64 billion, exceeded the estimate of EU3.58 billion.
- Renewable Products Revenue: EU1.85 billion, below the estimate of EU2.01 billion.
- Oil Products Revenue: EU2.44 billion, surpassed the estimate of EU1.8 billion.
- Marketing & Services Revenue: EU1.17 billion, slightly under the estimate of EU1.19 billion.
- Other Revenue: EU24 million, missed the estimate of EU29.8 million.
- Adjusted Net Loss: EU40 million, predicted to be a profit of EU59.3 million.
- Adjusted Loss Per Share: EU0.050, compared to the estimated EPS of EU0.08.
- Renewable Products Comparable Sales Margin: $382 per ton.
- Refining Margin: $15.10, below the estimate of $16.34.
- Operating Loss: EU119 million, while a profit of EU98 million was expected.
- Renewable Products Adjusted EBITDA: EU152 million, missed the estimate of EU200.4 million.
- Oil Products Adjusted EBITDA: EU62 million, lower than the estimate of EU81.9 million.
- Marketing & Services Adjusted EBITDA: EU24 million, just below the estimate of EU29.5 million.
- Others Adjusted EBITDA Loss: EU1 million.
- Global Market Volatility: Driven by economic uncertainty and geopolitical tensions.
- Renewable Products Market: Bioticket and renewable credit prices, renewable diesel price premiums expected to remain low.
- Feedstock Prices: Expected to remain volatile.
- Renewable Products Sales Volume: Expected to increase to approximately 4.4 Mt +/- 10% in 2024, including SAF sales of 0.5-0.7 Mt.
- Renewable Products Sales Margin: Expected to average $480–580/ton for 2024.
- Oil Products Sales Volume: Expected to be lower in 2024 due to the major turnaround at Porvoo.
- Oil Products Refining Margin: Expected to be lower in 2024 than in 2023.
- Fixed Costs: Projected to be slightly higher in 2024 due to Porvoo turnaround and growth projects.
- Capital Expenditure: Estimated to be approximately EU1.4b–1.6b for FY 2024 excluding M&A.
- Analyst Ratings: 12 buys, 12 holds, 1 sell.
A look at Neste Oyj Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Neste Oyj and provided an overall outlook score based on various factors. The company, known for its focus on high-quality traffic fuels and environmentally friendly petroleum products, has received a positive score for dividends and growth potential. With a top score of 5 in dividends, investors can expect good returns in this aspect. Additionally, a score of 4 in growth indicates promising future prospects for Neste Oyj in terms of expanding its operations. However, the company’s scores in value, resilience, and momentum are somewhat moderate, pointing to areas that may require attention for long-term sustainability.
In summary, Neste Oyj, an independent oil refining and marketing company in northern Europe, stands out for its commitment to producing environmentally conscious products. While the company excels in dividends and growth potential, there are considerations to be made regarding its value, resilience, and momentum. Investors looking at Neste Oyj for the long term should weigh these factors carefully to make informed decisions about their investment strategy.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
