Koninklijke Vopak N.V. (VPK.AS) stock analysis

In our weekly check, Koninklijke Vopak N.V. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 7, red flags: 3.

About Koninklijke Vopak N.V.

Koninklijke Vopak N.V. is an Energy company (Oil & Gas Midstream) based in the Netherlands, listed on AMS as VPK.AS.

What our checks show for VPK.AS

Red flags

• Analysts expect the net margin to shrink by 9.6 points from today's 46.5%.
• Revenue fell 1.7% a year over the last 3 years.
• The stock has fallen as much as 68% from a peak. Would you have held through that?

Warning signs

• Net debt is 3.9x a year of EBITDA (debt/equity 0.89). That limits room in a downturn and raises refinancing risk.
• Operating profit covers interest only 3.3 times: a weak year could make the payments hard.
• Analysts expect earnings per share to shrink about 6.6% a year.
• Analysts expect only about 3.3% a year of growth in revenue.
• The stock is still below its previous peak.
• Thinly traded (about 117 thousand shares a day): buying and selling can move the price.
• Return on capital (ROCE) is only 5.6%.

Strengths

• The net margin rose by 29.1 points over 5 years, to 46.5%.
• The gross margin is 43.8% and has risen by 11.2 points: pricing power is holding.
• Operating cash flow is 1.29x net profit: the profit arrives as real cash.
• Earnings per share grew 57.4% a year over the last 3 years.
• The company keeps 46.5% of its revenue as net profit.
• Free cash flow is 33.8% of revenue: cash for dividends, buybacks or growth.

Similar companies

HESM · PAGP · SOBO · GLNG · KNTK · EE

Questions

What grade does Koninklijke Vopak N.V. (VPK.AS) have?

In our weekly check, Koninklijke Vopak N.V. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 7, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of VPK.AS stock?

This week's biggest flags for Koninklijke Vopak N.V.: Margins expected to shrink, Weak revenue growth, Deep past fall. In total 10 of 24 checks show a warning or a red flag.

What does Koninklijke Vopak N.V. do?

Koninklijke Vopak N.V. is an Energy company (Oil & Gas Midstream) based in the Netherlands, listed on AMS as VPK.AS.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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