VPK Stock Analysis: Koninklijke Vopak | AS
Oil & Gas Midstream | AS, Netherlands | Market Cap: 5.474m EUR | 12M Return: 18.6% | NL0009432491 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.93M
EPS Trend: 70.2%
Qual. Beats: 0
Rev. Trend: 91.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Koninklijke Vopak N.V. is an independent tank storage company headquartered in Rotterdam, the Netherlands, founded in 1616. It stores and handles liquid chemicals, gases, oil products, vegetable oils, and biofuels for energy and manufacturing markets worldwide, operating a global network of terminals equipped with tanks, jetties, truck loading stations, and pipelines. The company also develops infrastructure for hydrogen, ammonia, CO2, battery energy storage, and low-carbon fuels. Its customers include producers, manufacturers, distributors, governments, and traders, and it operates as a subsidiary of HAL Trust.
Vopak operates in the independent tank storage sub-sector, which earns revenue primarily through long-term storage fees and throughput charges rather than commodity trading. The companys diversification across chemicals, gases, and traditional oil products helps balance cyclical exposure, while its investments in hydrogen, ammonia, and CO2 infrastructure position it for the broader energy transition.
- New energy infrastructure investments in hydrogen and CO2 accelerate growth pipeline
- Oil and gas storage utilization rates face pressure from weak global trade demand
- HAL Trust ownership limits capital allocation flexibility amid expansion plans
| Net Income: 957.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -2.40 > 1.0 |
| NWC/Revenue: -13.32% < 20% (prev -5.17%; Δ -8.15% < -1%) |
| CFO/TA 0.11 > 3% & CFO 782.1m > Net Income 957.0m |
| Net Debt (3.45b) to EBITDA (1.39b): 2.49 < 3 |
| Current Ratio: 0.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (114.4m) vs 12m ago -7.42% < -2% |
| Gross Margin: 33.86% > 18% (prev 50.30%; Δ -16.44% > 0.5%) |
| Asset Turnover: 38.26% > 50% (prev 41.05%; Δ -2.79% > 0%) |
| Interest Coverage Ratio: 3.27 > 6 (EBIT TTM 815.9m / Interest Expense TTM 249.2m) |
| A: -0.05 (Total Current Assets 496.5m - Total Current Liabilities 847.2m) / Total Assets 7.09b |
| B: 0.49 (Retained Earnings 3.46b / Total Assets 7.09b) |
| C: 0.12 (EBIT TTM 815.9m / Avg Total Assets 6.88b) |
| D: 0.89 (Book Value of Equity 3.28b / Total Liabilities 3.68b) |
| Altman-Z'' = 3.00 = A |
| DSRI: 1.16 (Receivables 332.8m/298.0m, Revenue 2.63b/2.74b) |
| GMI: 1.49 (GM 50.30% / 33.86%) |
| AQI: 0.97 (AQ_t 0.37 / AQ_t-1 0.38) |
| SGI: 0.96 (Revenue 2.63b / 2.74b) |
| TATA: 0.02 (NI 957.0m - CFO 782.1m) / TA 7.09b) |
| Beneish M = -2.50 (Cap -4..+1) = BBB |
As of August 23, 2026, the stock is trading at EUR 47.56 with a total of 75,212 shares traded. Over the past week, the price has changed by -0.42%, over one month by +2.81%, over three months by +3.21% and over the past year by +18.63%.
Current recommended Stop Loss: 46.60 (which is 2% or 1.3 ATR below the current price).
Koninklijke Vopak has no consensus analysts rating.
P/E Trailing = 11.5922
P/E Forward = 15.7729
P/S = 4.0736
P/B = 1.6158
P/EG = 1.31
Revenue TTM = 2.63b EUR
EBIT TTM = 815.9m EUR
EBITDA TTM = 1.39b EUR
Long Term Debt = 1.90b EUR (from longTermDebt, last quarter)
Short Term Debt = 449.4m EUR (from shortTermDebt, last quarter)
Debt = 3.55b EUR (from shortLongTermDebtTotal, last quarter) + Leases 619.4m
Net Debt = 3.45b EUR (calculated: Debt 3.55b - CCE 99.1m)
Enterprise Value = 8.93b EUR (5.47b + Debt 3.55b - CCE 99.1m)
Interest Coverage Ratio = 3.27 (Ebit TTM 815.9m / Interest Expense TTM 249.2m)
EV/FCF = 20.35x (Enterprise Value 8.93b / FCF TTM 438.8m)
FCF Yield = 4.92% (FCF TTM 438.8m / Enterprise Value 8.93b)
FCF Margin = 16.67% (FCF TTM 438.8m / Revenue TTM 2.63b)
Net Margin = 36.35% (Net Income TTM 957.0m / Revenue TTM 2.63b)
Gross Margin = 33.86% ((Revenue TTM 2.63b - Cost of Revenue TTM 1.74b) / Revenue TTM)
Gross Margin QoQ = 29.08% (prev 83.44%)
Tobins Q-Ratio = 1.26 (Enterprise Value 8.93b / Total Assets 7.09b)
Interest Expense / Debt = 7.02% (Interest Expense 249.2m / Debt 3.55b)
Taxrate = 13.67% (162.9m / 1.19b)
NOPAT = 704.3m (EBIT 815.9m * (1 - 13.67%))
Current Ratio = 0.59 (Total Current Assets 496.5m / Total Current Liabilities 847.2m)
Debt / Equity = 1.08 (Debt 3.55b / totalStockholderEquity, last quarter 3.28b)
Debt / EBITDA = 2.49 (Net Debt 3.45b / EBITDA 1.39b)
Debt / FCF = 7.87 (Net Debt 3.45b / FCF TTM 438.8m)
Total Stockholder Equity = 3.15b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.90% (Net Income 957.0m / Total Assets 7.09b)
RoE = 30.34% (Net Income TTM 957.0m / Total Stockholder Equity 3.15b)
RoCE = 16.15% (EBIT 815.9m / Capital Employed (Equity 3.15b + L.T.Debt 1.90b))
RoIC = 10.69% (NOPAT 704.3m / Invested Capital 6.59b)
WACC = 6.40% (E(5.47b)/V(9.03b) * Re(6.63%) + D(3.55b)/V(9.03b) * Rd(7.02%) * (1-Tc(0.14)))
Discount Rate = 6.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -61.79 | Cagr: -4.05%
[DCF] Terminal Value 73.10% ; FCFF base≈492.6m ; Y1≈432.0m ; Y5≈349.0m
[DCF] Fair Price = 18.75 (EV 5.60b - Net Debt 3.45b = Equity 2.15b / Shares 114.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 70.17 | EPS CAGR: 12.04% | SUE: 0.34 | # QB: 0
Revenue Correlation: 91.65 | Revenue CAGR: 14.46% | SUE: 0.61 | # QB: 0
EPS current Year (2026-12-31): EPS=3.29 | Chg30d=-0.52% | Revisions=+0% | GrowthEPS=-8.0% | GrowthRev=+1.8%
EPS next Year (2027-12-31): EPS=3.79 | Chg30d=+0.00% | Revisions=-40% | GrowthEPS=+15.3% | GrowthRev=+2.6%
[Analyst] Revisions Ratio: -29% (up=1, down=3)