Neste Oyj
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
8.707.537.744.23
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$0.98$1.14$1.11$2.03

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
92.4512.659.8515.1521.9813.2664.4018.6717.508.6210.1213.26
Price/Sales ratio
0.350.630.791.041.141.493.902.181.280.530.411.49
Price/Book Value ratio
1.992.282.473.183.684.007.734.733.971.460.594.00
Price/Cash Flow ratio
21.259.507.7512.6211.7316.2822.2916.5827.615.424.6516.28
Price/Free Cash Flow ratio
-219.5929.5311.7622.3015.9026.6735.4132.52-60.5314.55-13.0026.67
Price/Earnings Growth ratio
-1.040.010.14-4.62-1.440.10-1.060.122.510.160.21-1.44
Dividend Yield
3.16%2.35%2.76%2.40%2.55%2.45%1.70%1.85%1.90%9.45%12.38%2.55%
Profitability Indicator Ratios
Gross Profit Margin
5.00%11.09%15.42%14.51%12.38%19.57%15.40%18.57%13.30%15.95%6.16%19.57%
Operating Profit Margin
0.99%6.27%9.88%8.85%6.87%14.07%7.05%13.35%9.37%7.33%2.68%14.07%
Pretax Profit Margin
0.51%5.69%9.19%8.27%6.37%13.05%6.69%12.95%8.86%6.96%2.16%13.05%
Net Profit Margin
0.37%5.01%8.03%6.89%5.19%11.28%6.06%11.69%7.34%6.25%2.06%11.28%
Effective Tax Rate
23.07%11.67%12.37%16.45%18.08%13.44%9.16%9.58%17.02%10.02%3.03%13.44%
Return on Assets
0.87%8.21%12.61%11.69%9.42%18.25%7.25%14.26%12.65%8.96%2.74%18.25%
Return On Equity
2.15%18.09%25.15%21.00%16.74%30.20%12.01%25.36%22.68%16.93%5.65%30.20%
Return on Capital Employed
3.44%14.02%21.71%20.03%17.15%29.79%10.94%22.29%21.90%13.35%4.63%29.79%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.72N/A
Quick Ratio
0.640.890.881.001.171.581.361.160.981.100.781.58
Cash ratio
0.110.320.370.400.500.640.690.470.320.460.250.64
Days of Sales Outstanding
18.7425.2827.2927.4523.7538.94-0.0340.4023.79N/AN/A38.94
Days of Inventory outstanding
27.0040.2052.2850.4941.3848.0767.2077.4659.7463.7662.7241.38
Operating Cycle
45.7465.4879.5777.9465.1387.0267.17117.8783.5463.7662.7287.02
Days of Payables Outstanding
35.5229.0238.0336.4028.8440.1945.1254.1233.0932.7349.7828.84
Cash Conversion Cycle
10.2236.4541.5441.5336.2946.8222.0563.7550.4431.0212.9446.82
Debt Ratios
Debt Ratio
0.260.260.180.140.120.090.090.100.130.190.240.12
Debt Equity Ratio
0.650.570.360.250.220.150.150.180.240.360.520.22
Long-term Debt to Capitalization
0.300.300.210.170.130.110.110.130.150.240.300.13
Total Debt to Capitalization
0.390.360.270.200.180.130.130.150.190.260.340.18
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A4.18N/A
Cash Flow to Debt Ratio
0.140.410.860.991.391.612.271.510.570.730.241.61
Company Equity Multiplier
2.452.201.991.791.771.651.651.771.791.882.121.77
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.010.060.100.080.090.090.170.130.040.090.040.09
Free Cash Flow / Operating Cash Flow Ratio
-0.090.320.650.560.730.610.620.51-0.450.37-0.710.61
Cash Flow Coverage Ratio
0.140.410.860.991.391.612.271.510.570.730.241.61
Short Term Coverage Ratio
0.431.793.396.795.0410.414.487.442.215.961.5510.4
Dividend Payout Ratio
292.98%29.74%27.26%36.44%56.12%32.60%109.97%34.66%33.36%81.50%237.41%56.12%