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Royal Vopak NV
(VPK)
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Rating:71Outperform
Price Target:
€52.00
▲(9.34% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial performance (strong profitability and operating cash flow) tempered by weakening revenue trends, rising leverage, and less-than-full conversion of earnings into free cash flow. Valuation is supportive with a moderate P/E and ~3.67% dividend yield, while technical indicators are broadly neutral with only a modest longer-term uptrend.
Positive Factors
Strategic terminal network
Vopak’s geographically distributed terminals support essential logistics at major trading and industrial locations. This infrastructure and customer integration can create durable demand, switching costs, and resilience across commodity cycles.
Negative Factors
Declining revenue trend
Two consecutive years of declining revenue suggest weaker underlying demand, utilization, pricing, or portfolio mix. If the trend persists, it could pressure margins and reduce the growth contribution from Vopak’s existing terminal network.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic terminal network
Vopak’s geographically distributed terminals support essential logistics at major trading and industrial locations. This infrastructure and customer integration can create durable demand, switching costs, and resilience across commodity cycles.
Read all positive factors
Royal Vopak NV (VPK) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€5.23B
Dividend Yield3.73%
Average Volume (3M)112.71K
Price to Earnings (P/E)11.6
Beta (1Y)0.31
Revenue Growth0.85%
EPS Growth-0.29%
CountryNL
Employees4,901
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)4.12
Shares Outstanding115,264,200
10 Day Avg. Volume96,884
30 Day Avg. Volume112,711
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
€48.00Price Target Upside0.93% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)3.28
Revenue Forecast (FY)€1.31B
Royal Vopak NV Business Overview & Revenue Model
Company Description
Koninklijke Vopak N.V. functions as an independent global entity specializing in the storage of bulk liquids. The company offers essential handling and storage services for a diverse array of products worldwide, including various liquid chemicals,...
How the Company Makes Money
Vopak makes money primarily by providing terminal infrastructure and charging customers for the right to store and handle liquid bulk products at its facilities. Its main revenue model is fee-based and typically includes: (1) storage fees, earned ...
Royal Vopak NV Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.32B | 1.30B | 1.32B | 1.43B | 1.37B | 1.23B |
| Gross Profit | 170.00M | 568.90M | 1.01B | 651.80M | 596.90M | 400.00M |
| EBITDA | 676.30M | 696.90M | 925.20M | 801.70M | 232.10M | 610.60M |
| Net Income | 471.80M | 604.00M | 375.70M | 455.70M | -168.40M | 214.20M |
Balance Sheet | ||||||
| Total Assets | 7.09B | 7.11B | 6.80B | 6.75B | 7.06B | 7.25B |
| Cash, Cash Equivalents and Short-Term Investments | 99.10M | 99.50M | 94.20M | 197.00M | 33.80M | 73.40M |
| Total Debt | 2.93B | 2.80B | 2.77B | 2.48B | 3.08B | 3.00B |
| Total Liabilities | 3.68B | 3.73B | 3.56B | 3.38B | 3.91B | 3.91B |
| Stockholders Equity | 3.28B | 3.27B | 3.10B | 3.22B | 2.98B | 3.19B |
Cash Flow | ||||||
| Free Cash Flow | 405.60M | 438.80M | 573.40M | 452.20M | 332.30M | 85.70M |
| Operating Cash Flow | 754.60M | 782.10M | 909.10M | 866.20M | 719.30M | 605.50M |
| Investing Cash Flow | -468.90M | -588.40M | -495.30M | 109.60M | -489.40M | -588.40M |
| Financing Cash Flow | -291.90M | -181.20M | -528.80M | -801.90M | -353.50M | -84.80M |
Royal Vopak NV Technical Analysis
Positive
47.56
Price Trends
47.15
Positive
45.94
Positive
43.16
Positive
Market Momentum
0.20
Negative
53.72
Neutral
62.01
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 47.56 is above the 20-day moving average (MA) of 47.47, above the 50-day MA of 47.15, and above the 200-day MA of 43.16, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 53.72 is Neutral, neither overbought nor oversold. The STOCH value of 62.01 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €5.23B | 11.60 | 14.41% | 3.73% | 0.85% | -0.29% | |
71 Outperform | €3.58B | 19.06 | 19.42% | 2.39% | -0.71% | -12.00% | |
70 Outperform | €6.97B | 13.42 | ― | 4.85% | 12.95% | -53.58% | |
68 Neutral | €3.11B | 12.28 | 24.42% | 2.61% | 7.01% | 87.12% | |
62 Neutral | €5.91B | 7.50 | 20.73% | 2.78% | 0.92% | 151.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | €944.77M | -14.82 | -4.97% | 1.77% | -10.78% | -145.27% |
* General Sector Average
NL:VPK
Royal Vopak NV
48.32
8.73
22.04%
NL:ARCAD
Arcadis NV
43.98
4.29
10.81%
NL:BAMNB
Koninklijke Bam Groep NV
11.51
3.92
51.63%
NL:FUR
Fugro NV
8.47
-2.52
-22.91%
NL:SBMO
SBM Offshore NV
36.26
15.14
71.72%
NL:CTPNV
CTP N.V.
14.22
-3.33
-19.00%
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.