VOPAK (VPK.AS) Fundamental Analysis & Valuation

AMS:VPK • NL0009432491

47.56 EUR
+0.34 (+0.72%)
Last: Mar 10, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This VPK.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Overall VPK gets a fundamental rating of 6 out of 10. We evaluated VPK against 83 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of VPK get a neutral evaluation. Nothing too spectacular is happening here. VPK has a decent growth rate and is not valued too expensively. VPK also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

6

1. VPK.AS Profitability Analysis

1.1 Basic Checks

  • In the past year VPK was profitable.
  • VPK had a positive operating cash flow in the past year.
  • Of the past 5 years VPK 4 years were profitable.
  • Each year in the past 5 years VPK 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 2025 0 200M 400M 600M 800M

1.2 Ratios

  • VPK has a Return On Assets of 8.72%. This is amongst the best in the industry. VPK outperforms 91.57% of its industry peers.
  • The Return On Equity of VPK (18.49%) is better than 85.54% of its industry peers.
  • With a Return On Invested Capital value of 4.75%, VPK is not doing good in the industry: 62.65% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for VPK is below the industry average of 8.83%.
Industry RankSector Rank
ROA 8.72%
ROE 18.49%
ROIC 4.75%
ROA(3y)7.03%
ROA(5y)4.34%
ROE(3y)14.92%
ROE(5y)9.17%
ROIC(3y)5.51%
ROIC(5y)5.05%
VPK.AS Yearly ROA, ROE, ROICVPK.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15 20

1.3 Margins

  • The Profit Margin of VPK (46.50%) is better than 97.59% of its industry peers.
  • In the last couple of years the Profit Margin of VPK has grown nicely.
  • Looking at the Operating Margin, with a value of 27.37%, VPK is in the better half of the industry, outperforming 69.88% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VPK has remained more or less at the same level.
Industry RankSector Rank
OM 27.37%
PM (TTM) 46.5%
GM N/A
OM growth 3Y3.62%
OM growth 5Y0.61%
PM growth 3YN/A
PM growth 5Y13.44%
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 2025 0 20 40 60 80

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4

2. VPK.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VPK is destroying value.
  • Compared to 1 year ago, VPK has less shares outstanding
  • Compared to 5 years ago, VPK has less shares outstanding
  • The debt/assets ratio for VPK has been reduced compared to a year ago.
VPK.AS Yearly Shares OutstandingVPK.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B

2.2 Solvency

  • VPK has an Altman-Z score of 1.89. This is not the best score and indicates that VPK is in the grey zone with still only limited risk for bankruptcy at the moment.
  • VPK has a Altman-Z score (1.89) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of VPK is 5.20, which is a neutral value as it means it would take VPK, 5.20 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.20, VPK is in the better half of the industry, outperforming 63.86% of the companies in the same industry.
  • VPK has a Debt/Equity ratio of 0.83. This is a neutral value indicating VPK is somewhat dependend on debt financing.
  • VPK's Debt to Equity ratio of 0.83 is on the low side compared to the rest of the industry. VPK is outperformed by 69.88% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 5.2
Altman-Z 1.89
ROIC/WACC0.71
WACC6.72%
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 2025 1B 2B 3B

2.3 Liquidity

  • VPK has a Current Ratio of 0.90. This is a bad value and indicates that VPK is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.90, VPK is doing worse than 79.52% of the companies in the same industry.
  • VPK has a Quick Ratio of 0.90. 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 (0.90) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.9
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 2025 200M 400M 600M 800M 1B

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

6

3. VPK.AS Growth Analysis

3.1 Past

  • VPK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 55.77%, which is quite impressive.
  • Measured over the past 5 years, VPK shows a small growth in Earnings Per Share. The EPS has been growing by 1.53% on average per year.
  • Looking at the last year, VPK shows a decrease in Revenue. The Revenue has decreased by -1.27% in the last year.
  • Measured over the past years, VPK shows a small growth in Revenue. The Revenue has been growing by 1.77% on average per year.
EPS 1Y (TTM)55.77%
EPS 3Y3.57%
EPS 5Y1.53%
EPS Q2Q%396.2%
Revenue 1Y (TTM)-1.27%
Revenue growth 3Y-1.69%
Revenue growth 5Y1.77%
Sales Q2Q%87.76%

3.2 Future

  • VPK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.88% yearly.
  • VPK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.57% yearly.
EPS Next Y33.65%
EPS Next 2Y24.51%
EPS Next 3Y21.88%
EPS Next 5YN/A
Revenue Next Year1.56%
Revenue Next 2Y3.33%
Revenue Next 3Y10.57%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better 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

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6

4. VPK.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • VPK is valuated rather expensively with a Price/Earnings ratio of 18.22.
  • Compared to the rest of the industry, the Price/Earnings ratio of VPK is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 26.25, VPK is valued a bit cheaper.
  • VPK is valuated correctly with a Price/Forward Earnings ratio of 13.63.
  • Based on the Price/Forward Earnings ratio, VPK is valued a bit cheaper than the industry average as 66.27% of the companies are valued more expensively.
  • VPK is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.39, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.22
Fwd PE 13.63
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 69.88% of the companies in the same industry.
  • VPK's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VPK is cheaper than 81.93% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.19
EV/EBITDA 12
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 has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as VPK's earnings are expected to grow with 21.88% in the coming years.
PEG (NY)0.54
PEG (5Y)11.91
EPS Next 2Y24.51%
EPS Next 3Y21.88%

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

7

5. VPK.AS Dividend Analysis

5.1 Amount

  • VPK has a Yearly Dividend Yield of 3.81%.
  • VPK's Dividend Yield is a higher than the industry average which is at 4.82.
  • VPK's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.81%

5.2 History

  • The dividend of VPK is nicely growing with an annual growth rate of 6.73%!
Dividend Growth(5Y)6.73%
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 2026 0.5 1 1.5

5.3 Sustainability

  • 30.68% of the earnings are spent on dividend by VPK. This is a low number and sustainable payout ratio.
  • The dividend of VPK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP30.68%
EPS Next 2Y24.51%
EPS Next 3Y21.88%
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 2025 0 200M 400M 600M
VPK.AS Dividend Payout.VPK.AS Dividend Payout, showing the Payout Ratio.VPK.AS Dividend Payout.PayoutRetained Earnings

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VPK.AS Fundamentals: All Metrics, Ratios and Statistics

VOPAK

AMS:VPK (3/10/2026, 5:36:15 PM)

47.56

+0.34 (+0.72%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-25
Earnings (Next)07-28
Inst Owners22.81%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap5.48B
Revenue(TTM)1.30B
Net Income(TTM)604.00M
Analysts76
Price Target50.66 (6.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.81%
Yearly Dividend1.6
Dividend Growth(5Y)6.73%
DP30.68%
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)-0.33%
PT rev (3m)-0.33%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-5.15%
EPS NY rev (3m)-5.15%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.4%
Revenue NY rev (3m)0.4%
Valuation
Industry RankSector Rank
PE 18.22
Fwd PE 13.63
P/S 4.22
P/FCF 10.19
P/OCF 6.09
P/B 1.68
P/tB 1.74
EV/EBITDA 12
EPS(TTM)2.61
EY5.49%
EPS(NY)3.49
Fwd EY7.34%
FCF(TTM)4.67
FCFY9.82%
OCF(TTM)7.81
OCFY16.42%
SpS11.27
BVpS28.34
TBVpS27.4
PEG (NY)0.54
PEG (5Y)11.91
Graham Number40.79
Profitability
Industry RankSector Rank
ROA 8.72%
ROE 18.49%
ROCE 5.6%
ROIC 4.75%
ROICexc 4.82%
ROICexgc 4.9%
OM 27.37%
PM (TTM) 46.5%
GM N/A
FCFM 41.43%
ROA(3y)7.03%
ROA(5y)4.34%
ROE(3y)14.92%
ROE(5y)9.17%
ROIC(3y)5.51%
ROIC(5y)5.05%
ROICexc(3y)5.63%
ROICexc(5y)5.14%
ROICexgc(3y)5.73%
ROICexgc(5y)5.23%
ROCE(3y)6.48%
ROCE(5y)6.04%
ROICexgc growth 3Y0.39%
ROICexgc growth 5Y0.43%
ROICexc growth 3Y0.42%
ROICexc growth 5Y0.6%
OM growth 3Y3.62%
OM growth 5Y0.61%
PM growth 3YN/A
PM growth 5Y13.44%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 5.2
Debt/EBITDA 4.03
Cap/Depr 114.85%
Cap/Sales 27.87%
Interest Coverage 2.57
Cash Conversion 134.2%
Profit Quality 89.09%
Current Ratio 0.9
Quick Ratio 0.9
Altman-Z 1.89
F-Score7
WACC6.72%
ROIC/WACC0.71
Cap/Depr(3y)117.41%
Cap/Depr(5y)124.41%
Cap/Sales(3y)27.48%
Cap/Sales(5y)30.58%
Profit Quality(3y)113.76%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)55.77%
EPS 3Y3.57%
EPS 5Y1.53%
EPS Q2Q%396.2%
EPS Next Y33.65%
EPS Next 2Y24.51%
EPS Next 3Y21.88%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.27%
Revenue growth 3Y-1.69%
Revenue growth 5Y1.77%
Sales Q2Q%87.76%
Revenue Next Year1.56%
Revenue Next 2Y3.33%
Revenue Next 3Y10.57%
Revenue Next 5YN/A
EBIT growth 1Y-10.95%
EBIT growth 3Y1.87%
EBIT growth 5Y2.38%
EBIT Next Year54.85%
EBIT Next 3Y22.88%
EBIT Next 5Y2.75%
FCF growth 1Y-7.48%
FCF growth 3Y8.84%
FCF growth 5Y33.75%
OCF growth 1Y-1.88%
OCF growth 3Y3.86%
OCF growth 5Y3.31%

VOPAK / VPK.AS FAQ

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

ChartMill assigns a fundamental rating of 6 / 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 6 / 10.


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

The Price/Earnings (PE) ratio for VOPAK (VPK.AS) is 18.22 and the Price/Book (PB) ratio is 1.68.


How financially healthy is VOPAK?

The financial health rating of VOPAK (VPK.AS) is 4 / 10.