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Should You Consider Neste Oyj (HEL:NESTE)?

Simply Wall St

Attractive stocks have exceptional fundamentals. In the case of Neste Oyj (HEL:NESTE), there's is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. Below, I've touched on some key aspects you should know on a high level. If you're interested in understanding beyond my broad commentary, take a look at the report on Neste Oyj here.

Flawless balance sheet average dividend payer

NESTE is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that NESTE has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. NESTE seems to have put its debt to good use, generating operating cash levels of 1.27x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.

HLSE:NESTE Historical Debt, April 11th 2019

For those seeking income streams from their portfolio, NESTE is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 2.3%.

HLSE:NESTE Historical Dividend Yield, April 11th 2019

Next Steps:

For Neste Oyj, I've compiled three important factors you should further research:

  1. Future Outlook: What are well-informed industry analysts predicting for NESTE’s future growth? Take a look at our free research report of analyst consensus for NESTE’s outlook.
  2. Historical Performance: What has NESTE's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NESTE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.