- Neste’s 2Q 2024 adjusted EBITDA totaled EUR 240 million, missing the estimate of EUR 318.6 million.
- Revenue for the second quarter was EUR 4.64 billion, surpassing the estimate of EUR 3.58 billion.
- Adjusted EPS was EUR 0.28, well above the estimate of EUR 0.08.
- Oil Products adjusted EBITDA came in at EUR 62 million, falling short of the estimate of EUR 81.9 million.
- Other segment adjusted EBITDA was EUR 8 million.
- Renewable sales volume during the quarter was 955 thousand tons, slightly down from 957 thousand tons due to preparation for upcoming refinery maintenance in Rotterdam and Singapore.
- Second quarter results included a one-off valuation loss of EUR 36 million in bioticket and credit inventories, equivalent to a USD 40 per ton drop in comparable sales margin.
- Renewable Products comparable EBITDA was EUR 152 million, significantly down from EUR 513 million last year, impacted by a lower comparable sales margin of USD 382 per ton versus USD 800 per ton.
- Analyst ratings: 12 buys, 12 holds, and 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 are optimistic about the long-term outlook for Neste Oyj, an independent northern European oil refining and marketing company. According to Smartkarma Smart Scores, the company has received high scores in important areas. Neste Oyj shines particularly in the dividend category with a score of 5, indicating a strong outlook for potential dividend returns for investors. Additionally, the company has achieved a solid score of 4 in growth, suggesting promising prospects for expansion and development in the future. Although not as high, the scores for value, resilience, and momentum stand at 3, 3, and 2 respectively, indicating a stable foundation with room for improvement in market performance.
Neste Oyj‘s commitment to producing high-quality traffic fuels and environmentally friendly petroleum products positions it as a key player in the industry. With a focus on reducing environmental impact, Neste Oyj demonstrates a forward-thinking approach that resonates with investors concerned about sustainability. The company’s strong dividend score of 5 reflects its ability to provide attractive returns to shareholders, while a growth score of 4 hints at potential expansion opportunities. Overall, the Smartkarma Smart Scores suggest a favorable outlook for Neste Oyj, making it a company to watch for long-term investment potential.
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.
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