Royal Vopak NV (NL:VPK)
:VPK
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Royal Vopak NV
(VPK)
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Rating:75Outperform
Price Target:
€52.00
▲(12.21% Upside)
Action:ReiteratedDate:03/02/26
The score is driven primarily by solid financial performance (strong profitability and cash generation) and attractive valuation (low P/E with a healthy dividend yield). Technicals are supportive but tempered by an elevated RSI that suggests the stock is nearing overbought conditions, while revenue declines and rising leverage remain key risks.
Positive Factors
High profitability & earnings rebound
Vopak delivered a clear earnings rebound from a 2022 loss to solid profits in 2023–2025, supported by very high operating and net margins. Durable margin strength helps fund maintenance capex, dividends and joint-venture investments, providing resilience through cycles.
Negative Factors
Recent revenue declines
Two consecutive years of negative revenue growth weaken utilization and may indicate softer demand or competitive pressure. If revenues remain depressed, it could erode the margin cushion, limit pricing power on renewals and constrain long-term free cash flow generation.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability & earnings rebound
Vopak delivered a clear earnings rebound from a 2022 loss to solid profits in 2023–2025, supported by very high operating and net margins. Durable margin strength helps fund maintenance capex, dividends and joint-venture investments, providing resilience through cycles.
Read all positive factors
Royal Vopak NV (VPK) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€5.07B
Dividend Yield4.27%
Average Volume (3M)117.48K
Price to Earnings (P/E)7.2
Beta (1Y)0.43
Revenue Growth-3.32%
EPS Growth15.52%
CountryNL
Employees4,928
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)0.94
Shares Outstanding115,264,200
10 Day Avg. Volume120,746
30 Day Avg. Volume117,484
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)1.34
Price to Sales (P/S)3.37
P/FCF Ratio9.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€44.50Price Target Upside-3.97% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)3.31
Revenue Forecast (FY)€1.36B
Royal Vopak NV Business Overview & Revenue Model
Company Description
Koninklijke Vopak N.V., an independent tank storage company, stores and handles liquid chemicals, gases and LNG, oil products, biofuels, and vegetable oils worldwide. It owns and operates specialized facilities, including tanks, jetties, truck loa...
How the Company Makes Money
Royal Vopak generates revenue primarily through its tank storage services, which are offered on a fee-for-service basis. The company charges clients for the storage and handling of their products, which can include long-term contracts and spot mar...
Royal Vopak NV Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.30B | 1.32B | 1.43B | 1.37B | 1.23B |
| Gross Profit | 310.90M | 1.01B | 651.80M | 596.90M | 400.00M |
| EBITDA | 933.40M | 925.20M | 801.70M | 232.10M | 610.60M |
| Net Income | 604.00M | 375.70M | 455.70M | -168.40M | 214.20M |
Balance Sheet | |||||
| Total Assets | 7.11B | 6.80B | 6.75B | 7.06B | 7.25B |
| Cash, Cash Equivalents and Short-Term Investments | 99.50M | 94.20M | 197.00M | 33.80M | 73.40M |
| Total Debt | 3.38B | 2.77B | 2.48B | 3.08B | 3.00B |
| Total Liabilities | 3.73B | 3.56B | 3.38B | 3.91B | 3.91B |
| Stockholders Equity | 3.27B | 3.10B | 3.22B | 2.98B | 3.19B |
Cash Flow | |||||
| Free Cash Flow | 438.80M | 573.40M | 452.20M | 332.30M | 85.70M |
| Operating Cash Flow | 782.10M | 909.10M | 866.20M | 719.30M | 605.50M |
| Investing Cash Flow | -588.40M | -495.30M | 109.60M | -489.40M | -588.40M |
| Financing Cash Flow | -181.20M | -528.80M | -801.90M | -353.50M | -84.80M |
Royal Vopak NV Technical Analysis
Positive
46.34
Price Trends
44.30
Positive
41.20
Positive
40.90
Positive
Market Momentum
0.54
Positive
53.33
Neutral
43.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:VPK, the sentiment is Positive. The current price of 46.34 is below the 20-day moving average (MA) of 46.72, above the 50-day MA of 44.30, and above the 200-day MA of 40.90, indicating a neutral trend. The MACD of 0.54 indicates Positive momentum. The RSI at 53.33 is Neutral, neither overbought nor oversold. The STOCH value of 43.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:VPK.
Royal Vopak NV Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €2.11B | 14.29 | 25.42% | 2.44% | 11.67% | 36.03% | |
75 Outperform | €5.07B | 7.24 | 15.92% | 4.27% | -3.32% | 15.52% | |
74 Outperform | €2.41B | 11.48 | 11.89% | 2.69% | 3.64% | -22.13% | |
66 Neutral | €2.33B | 15.23 | 14.59% | 2.85% | -2.02% | 24.14% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | €3.26B | 20.51 | 6.13% | 4.08% | -4.31% | -50.34% | |
55 Neutral | €1.16B | -47.40 | -1.54% | 8.99% | -7.57% | -51.86% |
* Energy Sector Average
NL:VPK
Royal Vopak NV
46.34
7.68
19.87%
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8.87
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NL:HEIJM
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.