Royal Vopak NV (VPK) AI Stock Analysis

• Market Cap: €4.38B
• Dividend Yield: 4%
• Average Volume (3M): 179.66K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 0.30
• Revenue Growth: -3.32%
• EPS Growth: 15.52%
• Country: NL
• Employees: 4,928
• Sector: Industrials
• Sector Strength: 72
• Industry: Oil & Gas Midstream
• EPS (TTM): 1.01
• Shares Outstanding: 115,264,200
• 10 Day Avg. Volume: 131,831
• 30 Day Avg. Volume: 179,661
• PEG Ratio: -0.97
• Price to Book (P/B): 1.65
• Price to Sales (P/S): 3.89
• P/FCF Ratio: 8.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €44.50
• Price Target Upside: 13.23% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: €45.00 ▲(14.50% Upside)

Royal Vopak NV's overall stock score is driven by its strong financial performance and attractive valuation. The company's robust cash flow and balanced capital structure are significant strengths. However, the mixed technical indicators and declining revenue and net profit margins highlight areas for improvement. The low P/E ratio and high dividend yield enhance its appeal, particularly for value and income investors.

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 loading stations, and pipelines. The company operates 73 terminals in 23 countries with a storage capacity of 36.2 million cubic meters. Koninklijke Vopak N.V. was founded in 1616 and is headquartered in Rotterdam, the Netherlands.

How the Company Makes Money

Royal Vopak generates revenue primarily through its tank storage services, which are billed based on the volume of products stored and the duration of storage agreements. The company operates on a fee-based model, charging customers for the storage and handling of their products. Key revenue streams include long-term contracts with major oil and chemical companies, providing stable cash flow, as well as spot contracts for shorter-term storage needs. Additionally, Vopak benefits from its strategic partnerships with leading industry players, enhancing its service offerings and expanding its market reach. Factors contributing to its earnings include the demand for bulk liquid storage driven by fluctuations in global trade, refinery operations, and the growing emphasis on energy transition and sustainability, which increases the need for storage solutions for biofuels and other renewable energy products.

Royal Vopak NV Financial Statement Overview

Summary

Royal Vopak NV exhibits a commendable financial position with strong cash flow management and a balanced capital structure. While gross profit margins have improved, the decline in revenue and net profit margins suggests areas for growth and efficiency improvements. The company's leverage remains moderate, supporting stability, though attention to revenue growth and profitability is needed to maintain financial health.

Income Statement

Royal Vopak NV shows a stable performance in its income statement. The gross profit margin has improved to 76.6% in 2024 from 45.7% in 2023, indicating better cost management or pricing power. However, the net profit margin decreased to 28.5% from 31.9%, reflecting potential pressure on net income. Revenue growth shows volatility with a decline of 7.7% in 2024, which may be a concern for future growth.

Balance Sheet

The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.89 in 2024, indicating moderate leverage. The return on equity decreased to 12.1% from 14.1%, suggesting efficiency challenges. The equity ratio stands at 45.5%, showing a healthy portion of equity in the asset base, although a slight decline from previous years.

Cash Flow

Cash flow analysis reveals robust operational cash flows with a free cash flow growth rate of 26.8% in 2024, signaling strong cash generation capability. The operating cash flow to net income ratio is 2.42, highlighting efficient cash conversion from profits. The free cash flow to net income ratio is 1.53, indicating a healthy cash surplus over net earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.31B	1.32B	1.43B	1.37B	1.23B	1.19B
Gross Profit	819.20M	1.01B	651.80M	596.90M	400.00M	439.60M
EBITDA	644.30M	925.20M	801.70M	232.10M	610.60M	643.90M
Net Income	481.80M	375.70M	455.70M	-168.40M	214.20M	294.60M
Balance Sheet
Total Assets	6.68B	6.80B	6.75B	7.06B	7.25B	6.64B
Cash, Cash Equivalents and Short-Term Investments	99.60M	94.20M	197.00M	33.80M	73.40M	68.30M
Total Debt	2.84B	2.77B	2.48B	3.08B	3.00B	2.66B
Total Liabilities	3.58B	3.56B	3.38B	3.91B	3.91B	3.53B
Stockholders Equity	2.97B	3.10B	3.22B	2.98B	3.19B	2.96B
Cash Flow
Free Cash Flow	491.60M	573.40M	452.20M	332.30M	85.70M	28.70M
Operating Cash Flow	814.20M	909.10M	866.20M	719.30M	605.50M	668.20M
Investing Cash Flow	-523.90M	-495.30M	109.60M	-489.40M	-588.40M	-572.70M
Financing Cash Flow	-221.30M	-528.80M	-801.90M	-353.50M	-84.80M	-218.70M

Royal Vopak NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 39.3 is above the 20-day moving average (MA) of 39.24, below the 50-day MA of 39.89, and below the 200-day MA of 39.89, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 60.89 is Neutral, neither overbought nor oversold. The STOCH value of 83.27 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HEIJM	―	€1.70B	15.15	25.34%	2.62%	11.67%	36.03%
VPK	―	€4.38B	9.71	15.92%	4.00%	-3.32%	15.52%
FUR	―	€1.03B	7.30	9.91%	8.22%	-7.57%	-51.86%
BAMNB	―	€2.25B	16.60	11.89%	2.99%	3.64%	-22.13%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ARCAD	―	€4.56B	19.07	21.45%	2.41%	-2.02%	24.14%
AALB	―	€3.13B	20.69	6.13%	4.04%	-4.31%	-50.34%