Neste: Expensive, Risky, And Not For Me
Source: SeekingAlpha
2025-09-30 00:44:12 ET
Investment Thesis
From my DCF below, I conclude that Neste (NTOIF) (NTOIY) may slightly appreciate, with my optimistic assumptions today. However, this valuation hinges on reducing Capex spending, returning to positive unlevered free cash flows, and maintaining a 28.5x multiple, which is high in comparison to other oil & gas companies . I do not think that the EV/EBITDA multiple of 28.5x will persist in the medium run; hence, my aforementioned scenario of the stock dropping to levels around $16 per share is more likely....
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Neste: Expensive, Risky, And Not For Me
Neste OYJ
NASDAQ: NTOIF
NTOIF Trading
0.0% G/L:
$24.93 Last:
152 Volume:
$24.93 Open:
