VPK Stock Analysis: Koninklijke Vopak | AS
Oil & Gas Midstream | AS, Netherlands | Market Cap: 5.818m EUR | 12M Return: 39.9% | NL0009432491 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.43M
EPS Trend: 70.2%
Qual. Beats: 0
Rev. Trend: 87.5%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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, with origins dating back to 1616. It stores and handles liquid chemicals, gases, and oil products for energy and manufacturing markets globally, operating gas, industrial, chemical, and oil terminals equipped with tanks, jetties, truck loading stations, and pipelines. Its product portfolio spans chemicals (such as methanol, xylenes, styrene, alpha olefins, and mono-ethylene glycol), gases (including LNG, LPG, ethylene, butadiene, and ammonia), oil products (crude oil, fuel oil, diesel, jet fuel, gasoline, and naphtha), and vegoils and biofuels like ethanol, biodiesel, and sustainable aviation fuel. The company serves producers, manufacturers, distributors, governments, and traders, and is expanding into infrastructure for hydrogen, ammonia, CO2, battery energy storage, and low-carbon fuels and feedstocks. Vopak operates as a subsidiary of HAL Trust.
As a major independent tank storage operator, Vopak benefits from long-term storage contracts and the logistical complexity of handling hazardous and specialty liquids, which creates high barriers to entry. The energy transition represents both a risk to traditional fossil fuel storage demand and a growth opportunity through new energy carriers like hydrogen, ammonia, and carbon capture infrastructure.
- Hydrogen and ammonia terminal investments drive growth pipeline
- Chemical storage utilization weakens on softer global trade demand
- Oil segment occupancy pressured by energy transition shift
| Net Income: 804.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -2.40 > 1.0 |
| NWC/Revenue: -13.29% < 20% (prev -5.30%; Δ -7.99% < -1%) |
| CFO/TA 0.11 > 3% & CFO 782.1m > Net Income 804.9m |
| Net Debt (3.45b) to EBITDA (1.43b): 2.42 < 3 |
| Current Ratio: 0.59 > 1.5 & < 3 |
| Outstanding Shares: last quarter (114.4m) vs 12m ago -7.42% < -2% |
| Gross Margin: 47.99% > 18% (prev 50.26%; Δ -2.27% > 0.5%) |
| Asset Turnover: 38.34% > 50% (prev 40.01%; Δ -1.68% > 0%) |
| Interest Coverage Ratio: 3.94 > 6 (EBIT TTM 884.8m / Interest Expense TTM 224.3m) |
| 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: 0.13 (EBIT TTM 884.8m / Avg Total Assets 6.88b) |
| D: 0.89 (Book Value of Equity 3.28b / Total Liabilities 3.68b) |
| Altman-Z'' = 3.07 = A |
| DSRI: 1.13 (Receivables 332.8m/298.0m, Revenue 2.64b/2.67b) |
| GMI: 1.05 (GM 50.26% / 47.99%) |
| AQI: 0.97 (AQ_t 0.37 / AQ_t-1 0.38) |
| SGI: 0.99 (Revenue 2.64b / 2.67b) |
| TATA: 0.00 (NI 804.9m - CFO 782.1m) / TA 7.09b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of October 09, 2026, the stock is trading at EUR 51.05 with a total of 140,807 shares traded. Over the past week, the price has changed by +6.80%, over one month by +7.25%, over three months by +10.78% and over the past year by +39.90%.
Current recommended Stop Loss: 49.90 (which is 2.3% or 1.2 ATR below the current price).
Koninklijke Vopak has no consensus analysts rating.
P/E Trailing = 12.543
P/E Forward = 13.4771
P/S = 4.379
P/B = 1.6435
P/EG = 1.31
Revenue TTM = 2.64b EUR
EBIT TTM = 884.8m EUR
EBITDA TTM = 1.43b 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 = 9.27b EUR (5.82b + Debt 3.55b - CCE 99.1m)
Interest Coverage Ratio = 3.94 (Ebit TTM 884.8m / Interest Expense TTM 224.3m)
EV/FCF = 21.13x (Enterprise Value 9.27b / FCF TTM 438.8m)
FCF Yield = 4.73% (FCF TTM 438.8m / Enterprise Value 9.27b)
FCF Margin = 16.63% (FCF TTM 438.8m / Revenue TTM 2.64b)
Net Margin = 30.51% (Net Income TTM 804.9m / Revenue TTM 2.64b)
Gross Margin = 47.99% ((Revenue TTM 2.64b - Cost of Revenue TTM 1.37b) / Revenue TTM)
Gross Margin QoQ = 83.44% (prev 29.08%)
Tobins Q-Ratio = 1.31 (Enterprise Value 9.27b / Total Assets 7.09b)
Interest Expense / Debt = 6.31% (Interest Expense 224.3m / Debt 3.55b)
Taxrate = 15.79% (164.1m / 1.04b)
NOPAT = 745.1m (EBIT 884.8m * (1 - 15.79%))
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 = 2.42 (Net Debt 3.45b / EBITDA 1.43b)
Debt / FCF = 7.87 (Net Debt 3.45b / FCF TTM 438.8m)
Total Stockholder Equity = 3.15b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.70% (Net Income 804.9m / Total Assets 7.09b)
RoE = 25.52% (Net Income TTM 804.9m / Total Stockholder Equity 3.15b)
RoCE = 17.51% (EBIT 884.8m / Capital Employed (Equity 3.15b + L.T.Debt 1.90b))
RoIC = 11.31% (NOPAT 745.1m / Invested Capital 6.59b)
WACC = 6.17% (E(5.82b)/V(9.37b) * Re(6.69%) + D(3.55b)/V(9.37b) * Rd(6.31%) * (1-Tc(0.16)))
Discount Rate = 6.69% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -27.61 | Cagr: 0.69%
[DCF] Terminal Value 73.10% ; FCFF base≈492.6m ; Y1≈432.0m ; Y5≈349.0m
[DCF] Fair Price = 18.86 (EV 5.60b - Net Debt 3.45b = Equity 2.15b / Shares 114.0m; 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: 87.55 | Revenue CAGR: 12.55% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=3.42 | Chg30d=+4.10% | Revisions=+0% | GrowthEPS=-4.2% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=3.94 | Chg30d=+4.09% | Revisions=-40% | GrowthEPS=+15.3% | GrowthRev=+2.7%
[Analyst] Revisions Ratio: -40% (up=0, down=2)