VOPAK |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 37.08 EUR | +1.42% |
|
-1.70% | +21.81% |
| Apr. 24 | Koninklijke Vopak N.V. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Apr. 24 | Koninklijke Vopak N.V. Approves Dividend, Payable on 3 May 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,168 | 5,349 | 3,863 | 3,480 | 3,820 | 4,640 | - | - |
| Enterprise Value (EV) 1 | 7,939 | 7,939 | 6,788 | 6,531 | 6,106 | 7,036 | 6,975 | 6,875 |
| P/E ratio | 10.8 x | 18.1 x | 18 x | -20.7 x | 8.39 x | 11.8 x | 10.8 x | 10.2 x |
| Yield | 2.38% | 2.61% | 4.06% | 4.68% | 4.93% | 4.14% | 4.29% | 4.45% |
| Capitalization / Revenue | 4.92 x | 4.5 x | 3.15 x | 2.55 x | 2.68 x | 3.53 x | 3.44 x | 3.37 x |
| EV / Revenue | 6.34 x | 6.67 x | 5.53 x | 4.78 x | 4.28 x | 5.36 x | 5.17 x | 4.99 x |
| EV / EBITDA | 9.57 x | 9.78 x | 8.21 x | 7.36 x | 6.34 x | 7.68 x | 7.32 x | 6.99 x |
| EV / FCF | 140 x | 37.9 x | 35.9 x | 14.3 x | 13 x | 30.6 x | 18.9 x | 17.5 x |
| FCF Yield | 0.72% | 2.64% | 2.78% | 7% | 7.69% | 3.27% | 5.3% | 5.7% |
| Price to Book | 2.02 x | 1.81 x | 1.15 x | 1.17 x | 1.19 x | 1.42 x | 1.3 x | 1.22 x |
| Nbr of stocks (in thousands) | 127,625 | 124,430 | 125,433 | 125,416 | 125,484 | 125,147 | - | - |
| Reference price 2 | 48.33 | 42.99 | 30.80 | 27.75 | 30.44 | 37.08 | 37.08 | 37.08 |
| Announcement Date | 2/12/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,253 | 1,190 | 1,228 | 1,367 | 1,426 | 1,313 | 1,349 | 1,378 |
| EBITDA 1 | 829.8 | 811.5 | 826.6 | 887.2 | 963.5 | 915.7 | 952.6 | 982.9 |
| EBIT 1 | 539.1 | 492 | 494.8 | 547.3 | 640.5 | 603 | 628 | 645.6 |
| Operating Margin | 43.04% | 41.34% | 40.3% | 40.04% | 44.93% | 45.93% | 46.56% | 46.83% |
| Earnings before Tax (EBT) 1 | 662.1 | 403.6 | 303.2 | -36.6 | - | 445.1 | 453 | 477.3 |
| Net income 1 | 571 | 300.9 | 214.2 | -168.4 | 455.7 | 379.3 | 405 | 427.7 |
| Net margin | 45.59% | 25.29% | 17.44% | -12.32% | 31.97% | 28.89% | 30.02% | 31.02% |
| EPS 2 | 4.470 | 2.380 | 1.710 | -1.340 | 3.630 | 3.130 | 3.427 | 3.627 |
| Free Cash Flow 1 | 56.8 | 209.7 | 189 | 457 | 469.7 | 230.2 | 369.4 | 392 |
| FCF margin | 4.53% | 17.62% | 15.39% | 33.43% | 32.95% | 17.53% | 27.39% | 28.44% |
| FCF Conversion (EBITDA) | 6.85% | 25.84% | 22.86% | 51.51% | 48.75% | 25.13% | 38.78% | 39.89% |
| FCF Conversion (Net income) | 9.95% | 69.69% | 88.24% | - | 103.07% | 60.68% | 91.23% | 91.67% |
| Dividend per Share 2 | 1.150 | 1.120 | 1.250 | 1.300 | 1.500 | 1.533 | 1.590 | 1.650 |
| Announcement Date | 2/12/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 S2 | 2023 Q1 | 2023 S1 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 589.3 | - | 315.2 | 324.1 | - | 349.6 | 704.9 | 361.8 | - | 352 | 352.8 |
| EBITDA 1 | 402.6 | - | 212.5 | - | - | - | 454.7 | - | - | - | 228.8 |
| EBIT 1 | 256.8 | - | 121.9 | - | - | - | 290.6 | - | - | - | 150.2 |
| Operating Margin | 43.58% | - | 38.67% | - | - | - | 41.23% | - | - | - | 42.57% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 197.4 | 71.6 | 64.1 | 74.7 | -410.5 | - | 167.4 | 103.1 | 224.1 | - | 87.4 |
| Net margin | 33.5% | - | 20.34% | 23.05% | - | - | 23.75% | 28.5% | - | - | 24.77% |
| EPS 2 | 1.550 | 0.5700 | - | 0.6000 | -3.280 | - | 1.340 | 0.8200 | 1.790 | - | 0.6900 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 7/29/20 | 11/12/21 | 2/16/22 | 4/20/22 | 7/27/22 | 11/11/22 | 2/15/23 | 4/26/23 | 7/28/23 | 10/25/23 | 2/14/24 |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,770 | 2,589 | 2,925 | 3,051 | 2,286 | 2,395 | 2,335 | 2,234 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.134 x | 3.191 x | 3.539 x | 3.439 x | 2.373 x | 2.616 x | 2.451 x | 2.273 x |
| Free Cash Flow 1 | 56.8 | 210 | 189 | 457 | 470 | 230 | 369 | 392 |
| ROE (net income / shareholders' equity) | 12.5% | 10.2% | 9.25% | 9.5% | 13.3% | 12% | 12.5% | 12.2% |
| ROA (Net income/ Total Assets) | 6.02% | 4.74% | - | - | - | - | - | - |
| Assets 1 | 9,486 | 6,348 | - | - | - | - | - | - |
| Book Value Per Share 2 | 23.90 | 23.80 | 26.70 | 23.80 | 25.60 | 26.10 | 28.40 | 30.40 |
| Cash Flow per Share 2 | 5.060 | 6.540 | 5.450 | 6.960 | 6.890 | 7.160 | 7.640 | 8.060 |
| Capex 1 | 590 | 613 | 493 | 368 | 397 | 505 | 382 | 382 |
| Capex / Sales | 47.08% | 51.47% | 40.15% | 26.93% | 27.81% | 38.47% | 28.32% | 27.72% |
| Announcement Date | 2/12/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
37.08
EUR
Average target price
41.33
EUR
Spread / Average Target
+11.47%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.81% | 5.1B | |
| -70.11% | 124M | |
| +11.88% | 91.69M |
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