Company Valuation: Vopak

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,863 3,480 3,820 4,761 4,366 6,137 - -
Change - -9.91% 9.75% 24.65% -8.3% 40.55% - -
Enterprise Value (EV) 1 6,788 6,531 6,106 7,433 7,066 9,066 9,168 9,157
Change - -3.79% -6.51% 21.73% -4.94% 28.31% 1.12% -0.12%
P/E 18x -20.7x 8.39x 13.6x 7.24x 16.1x 13.5x 11.7x
PBR 1.15x 1.17x 1.19x 1.65x 1.34x 1.79x 1.7x 1.59x
PEG - 0x -0x -1x 0.1x -0.4x 0.7x 0.7x
Capitalization / Revenue 3.15x 2.55x 2.68x 3.62x 3.36x 4.52x 4.31x 4.2x
EV / Revenue 5.53x 4.78x 4.28x 5.65x 5.44x 6.68x 6.44x 6.26x
EV / EBITDA 8.21x 7.36x 6.34x 7.95x 7.51x 9.36x 8.58x 8.14x
EV / EBIT 13.7x 11.9x 9.53x 11.9x 11.3x 14.9x 13.5x 12.5x
EV / FCF 35.9x 14.3x 13x 12.5x 12.7x 41.1x 33.5x 26.1x
FCF Yield 2.78% 7% 7.69% 7.99% 7.88% 2.43% 2.99% 3.83%
Dividend per Share 2 1.25 1.3 1.5 1.6 1.6 1.898 1.914 1.994
Rate of return 4.06% 4.68% 4.93% 3.76% 4.22% 3.52% 3.55% 3.7%
EPS 2 1.71 -1.34 3.63 3.12 5.23 3.349 3.978 4.615
Distribution rate 73.1% -97% 41.3% 51.3% 30.6% 56.7% 48.1% 43.2%
Net sales 1 1,228 1,367 1,426 1,316 1,299 1,358 1,423 1,462
EBITDA 1 826.6 887.2 963.5 934.6 940.4 969 1,069 1,125
EBIT 1 494.8 547.3 640.5 627.2 625.2 610.4 680.1 730.4
Net income 1 214.2 -168.4 455.7 375.7 604 377.8 432.8 496.3
Net Debt 1 2,925 3,051 2,286 2,672 2,700 2,930 3,031 3,020
Reference price 2 30.80 27.75 30.44 42.50 37.88 53.85 53.85 53.85
Nbr of stocks (in thousands) 125,433 125,416 125,484 112,029 115,264 113,961 - -
Announcement Date 16/02/22 15/02/23 14/02/24 19/02/25 25/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.08x6.68x9.36x3.52% 6.86B
24.24x3.3x13.09x5.74% 108B
28.76x9.78x14.19x2.94% 87.76B
12.29x1.8x10.29x6.06% 79.9B
21.64x5.89x11.85x3.51% 75.61B
11.87x1.13x7.24x6.64% 70.93B
22.75x9.46x12.7x4% 65.09B
26.86x4.5x14.29x1.64% 65.33B
35.12x3.67x9.99x0.77% 62.08B
13.67x6.45x11.66x7.76% 59.46B
Average 21.33x 5.26x 11.47x 4.26% 68.06B
Weighted average by Cap. 21.94x 5.07x 11.79x 4.4%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Vopak

Historical PBR trend

Valuation ratios - PBR - Vopak

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Vopak

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Vopak


Year-on-year evolution of the Yield

Valuation ratios - Yield - Vopak