VOPAK (VPK.AS) Stock Fundamental Analysis

Europe • Euronext Amsterdam • AMS:VPK • NL0009432491

42.6 EUR
+0.12 (+0.28%)
Last: Feb 6, 2026, 03:51 PM
Fundamental Rating

4

Taking everything into account, VPK scores 4 out of 10 in our fundamental rating. VPK was compared to 73 industry peers in the Oil, Gas & Consumable Fuels industry. VPK has a medium profitability rating, but doesn't score so well on its financial health evaluation. VPK is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • VPK had positive earnings in the past year.
  • In the past year VPK had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: VPK reported negative net income in multiple years.
  • Of the past 5 years VPK 4 years had a positive operating cash flow.
VPK.AS Yearly Net Income VS EBIT VS OCF VS FCFVPK.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

1.2 Ratios

  • VPK has a better Return On Assets (5.63%) than 76.71% of its industry peers.
  • VPK's Return On Equity of 12.65% is fine compared to the rest of the industry. VPK outperforms 73.97% of its industry peers.
  • With a Return On Invested Capital value of 5.52%, VPK perfoms like the industry average, outperforming 45.21% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for VPK is below the industry average of 8.73%.
  • The last Return On Invested Capital (5.52%) for VPK is above the 3 year average (5.46%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.63%
ROE 12.65%
ROIC 5.52%
ROA(3y)3.32%
ROA(5y)3.5%
ROE(3y)6.88%
ROE(5y)7.46%
ROIC(3y)5.46%
ROIC(5y)4.98%
VPK.AS Yearly ROA, ROE, ROICVPK.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15 20

1.3 Margins

  • VPK's Profit Margin of 28.56% is amongst the best of the industry. VPK outperforms 94.52% of its industry peers.
  • VPK's Profit Margin has declined in the last couple of years.
  • VPK's Operating Margin of 30.34% is fine compared to the rest of the industry. VPK outperforms 78.08% of its industry peers.
  • In the last couple of years the Operating Margin of VPK has remained more or less at the same level.
Industry RankSector Rank
OM 30.34%
PM (TTM) 28.56%
GM N/A
OM growth 3Y6.79%
OM growth 5Y1.09%
PM growth 3Y17.86%
PM growth 5Y-8.93%
GM growth 3YN/A
GM growth 5YN/A
VPK.AS Yearly Profit, Operating, Gross MarginsVPK.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

More info and screens

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2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VPK is destroying value.
  • There is no outstanding debt for VPK. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
VPK.AS Yearly Shares OutstandingVPK.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
VPK.AS Yearly Total Debt VS Total AssetsVPK.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 1.79, we must say that VPK is in the distress zone and has some risk of bankruptcy.
  • VPK has a Altman-Z score of 1.79. This is comparable to the rest of the industry: VPK outperforms 49.32% of its industry peers.
  • VPK has a debt to FCF ratio of 5.44. This is a neutral value as VPK would need 5.44 years to pay back of all of its debts.
  • VPK's Debt to FCF ratio of 5.44 is fine compared to the rest of the industry. VPK outperforms 60.27% of its industry peers.
  • A Debt/Equity ratio of 0.92 indicates that VPK is somewhat dependend on debt financing.
  • VPK has a Debt to Equity ratio of 0.92. This is in the lower half of the industry: VPK underperforms 71.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 5.44
Altman-Z 1.79
ROIC/WACC0.83
WACC6.67%
VPK.AS Yearly LT Debt VS Equity VS FCFVPK.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.77 indicates that VPK may have some problems paying its short term obligations.
  • VPK's Current ratio of 0.77 is on the low side compared to the rest of the industry. VPK is outperformed by 84.93% of its industry peers.
  • VPK has a Quick Ratio of 0.77. This is a bad value and indicates that VPK is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of VPK (0.77) is worse than 78.08% of its industry peers.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.77
VPK.AS Yearly Current Assets VS Current LiabilitesVPK.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • VPK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.15%.
  • VPK shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.97% yearly.
  • VPK shows a decrease in Revenue. In the last year, the revenue decreased by -7.72%.
  • The Revenue has been growing slightly by 0.99% on average over the past years.
EPS 1Y (TTM)-14.15%
EPS 3Y-10.91%
EPS 5Y-6.97%
EPS Q2Q%-7.23%
Revenue 1Y (TTM)-7.72%
Revenue growth 3Y2.33%
Revenue growth 5Y0.99%
Sales Q2Q%-1.05%

3.2 Future

  • Based on estimates for the next years, VPK will show a very strong growth in Earnings Per Share. The EPS will grow by 22.24% on average per year.
  • Based on estimates for the next years, VPK will show a small growth in Revenue. The Revenue will grow by 0.50% on average per year.
EPS Next Y102.93%
EPS Next 2Y48.15%
EPS Next 3Y35.19%
EPS Next 5Y22.24%
Revenue Next Year9.7%
Revenue Next 2Y5.52%
Revenue Next 3Y5.56%
Revenue Next 5Y0.5%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VPK.AS Yearly Revenue VS EstimatesVPK.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
VPK.AS Yearly EPS VS EstimatesVPK.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • VPK is valuated quite expensively with a Price/Earnings ratio of 25.36.
  • Based on the Price/Earnings ratio, VPK is valued a bit more expensive than 68.49% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of VPK to the average of the S&P500 Index (27.67), we can say VPK is valued inline with the index average.
  • A Price/Forward Earnings ratio of 11.58 indicates a reasonable valuation of VPK.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of VPK indicates a somewhat cheap valuation: VPK is cheaper than 68.49% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of VPK to the average of the S&P500 Index (27.20), we can say VPK is valued rather cheaply.
Industry RankSector Rank
PE 25.36
Fwd PE 11.58
VPK.AS Price Earnings VS Forward Price EarningsVPK.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VPK is valued a bit more expensive than 65.75% of the companies in the same industry.
  • 83.56% of the companies in the same industry are more expensive than VPK, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.42
EV/EBITDA 10.56
VPK.AS Per share dataVPK.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • VPK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • VPK's earnings are expected to grow with 35.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y48.15%
EPS Next 3Y35.19%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • VPK has a Yearly Dividend Yield of 3.80%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 5.10, VPK has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, VPK pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.8%

5.2 History

  • On average, the dividend of VPK grows each year by 6.60%, which is quite nice.
Dividend Growth(5Y)6.6%
Div Incr Years6
Div Non Decr Years6
VPK.AS Yearly Dividends per shareVPK.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • 49.45% of the earnings are spent on dividend by VPK. This is a bit on the high side, but may be sustainable.
  • The dividend of VPK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP49.45%
EPS Next 2Y48.15%
EPS Next 3Y35.19%
VPK.AS Yearly Income VS Free CF VS DividendVPK.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M
VPK.AS Dividend Payout.VPK.AS Dividend Payout, showing the Payout Ratio.VPK.AS Dividend Payout.PayoutRetained Earnings

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VOPAK

AMS:VPK (2/6/2026, 3:51:06 PM)

42.6

+0.12 (+0.28%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)N/A
Earnings (Next)02-25
Inst Owners22.31%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap4.91B
Revenue(TTM)1.32B
Net Income(TTM)375.70M
Analysts76
Price Target50.83 (19.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.8%
Yearly Dividend1.51
Dividend Growth(5Y)6.6%
DP49.45%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.23%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.99%
Valuation
Industry RankSector Rank
PE 25.36
Fwd PE 11.58
P/S 3.73
P/FCF 9.42
P/OCF 5.68
P/B 1.65
P/tB 1.72
EV/EBITDA 10.56
EPS(TTM)1.68
EY3.94%
EPS(NY)3.68
Fwd EY8.64%
FCF(TTM)4.52
FCFY10.62%
OCF(TTM)7.5
OCFY17.61%
SpS11.41
BVpS25.77
TBVpS24.81
PEG (NY)0.25
PEG (5Y)N/A
Graham Number31.21
Profitability
Industry RankSector Rank
ROA 5.63%
ROE 12.65%
ROCE 6.59%
ROIC 5.52%
ROICexc 5.61%
ROICexgc 5.72%
OM 30.34%
PM (TTM) 28.56%
GM N/A
FCFM 39.64%
ROA(3y)3.32%
ROA(5y)3.5%
ROE(3y)6.88%
ROE(5y)7.46%
ROIC(3y)5.46%
ROIC(5y)4.98%
ROICexc(3y)5.57%
ROICexc(5y)5.07%
ROICexgc(3y)5.67%
ROICexgc(5y)5.17%
ROCE(3y)6.53%
ROCE(5y)6.03%
ROICexgc growth 3Y12.64%
ROICexgc growth 5Y0.13%
ROICexc growth 3Y12.64%
ROICexc growth 5Y0.39%
OM growth 3Y6.79%
OM growth 5Y1.09%
PM growth 3Y17.86%
PM growth 5Y-8.93%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 5.44
Debt/EBITDA 3.84
Cap/Depr 109.3%
Cap/Sales 26.08%
Interest Coverage 2.96
Cash Conversion 121.25%
Profit Quality 138.81%
Current Ratio 0.77
Quick Ratio 0.77
Altman-Z 1.79
F-Score5
WACC6.67%
ROIC/WACC0.83
Cap/Depr(3y)116.99%
Cap/Depr(5y)144.62%
Cap/Sales(3y)27.6%
Cap/Sales(5y)35.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.15%
EPS 3Y-10.91%
EPS 5Y-6.97%
EPS Q2Q%-7.23%
EPS Next Y102.93%
EPS Next 2Y48.15%
EPS Next 3Y35.19%
EPS Next 5Y22.24%
Revenue 1Y (TTM)-7.72%
Revenue growth 3Y2.33%
Revenue growth 5Y0.99%
Sales Q2Q%-1.05%
Revenue Next Year9.7%
Revenue Next 2Y5.52%
Revenue Next 3Y5.56%
Revenue Next 5Y0.5%
EBIT growth 1Y-5.94%
EBIT growth 3Y9.28%
EBIT growth 5Y2.09%
EBIT Next Year44.2%
EBIT Next 3Y15.81%
EBIT Next 5Y2.02%
FCF growth 1Y5.31%
FCF growth 3Y52.65%
FCF growth 5Y87.95%
OCF growth 1Y-5.93%
OCF growth 3Y10.39%
OCF growth 5Y7.33%

VOPAK / VPK.AS FAQ

What is the ChartMill fundamental rating of VOPAK (VPK.AS) stock?

ChartMill assigns a fundamental rating of 4 / 10 to VPK.AS.


What is the valuation status for VPK stock?

ChartMill assigns a valuation rating of 6 / 10 to VOPAK (VPK.AS). This can be considered as Fairly Valued.


Can you provide the profitability details for VOPAK?

VOPAK (VPK.AS) has a profitability rating of 5 / 10.


What is the valuation of VOPAK based on its PE and PB ratios?

The Price/Earnings (PE) ratio for VOPAK (VPK.AS) is 25.36 and the Price/Book (PB) ratio is 1.65.


How financially healthy is VOPAK?

The financial health rating of VOPAK (VPK.AS) is 2 / 10.