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 6,199 - -
Change - -9.91% 9.75% 24.65% -8.3% 41.99% - -
Enterprise Value (EV) 1 6,788 6,531 6,106 7,433 7,066 9,129 9,231 9,220
Change - -3.79% -6.51% 21.73% -4.94% 29.2% 1.12% -0.12%
P/E 18x -20.7x 8.39x 13.6x 7.24x 16.2x 13.7x 11.8x
PBR 1.15x 1.17x 1.19x 1.65x 1.34x 1.81x 1.72x 1.61x
PEG - 0x -0x -1x 0.1x -0.5x 0.7x 0.7x
Capitalization / Revenue 3.15x 2.55x 2.68x 3.62x 3.36x 4.56x 4.36x 4.24x
EV / Revenue 5.53x 4.78x 4.28x 5.65x 5.44x 6.72x 6.49x 6.3x
EV / EBITDA 8.21x 7.36x 6.34x 7.95x 7.51x 9.42x 8.64x 8.2x
EV / EBIT 13.7x 11.9x 9.53x 11.9x 11.3x 15x 13.6x 12.6x
EV / FCF 35.9x 14.3x 13x 12.5x 12.7x 41.4x 33.7x 26.3x
FCF Yield 2.78% 7% 7.69% 7.99% 7.88% 2.41% 2.97% 3.8%
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% 3.49% 3.52% 3.67%
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 54.40 54.40 54.40
Nbr of stocks (in thousands) 125,433 125,416 125,484 112,029 115,264 113,961 - -
Announcement Date 2/16/22 A 2/15/23 A 2/14/24 A 2/19/25 A 2/25/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.24x6.72x9.42x3.49% 6.92B
24.92x3.34x13.25x5.62% 110B
29.8x10.03x14.58x2.84% 90.94B
12.57x1.73x10.41x5.87% 82.38B
21.99x5.88x11.81x3.51% 75.45B
12.04x1.14x7.3x6.54% 72B
27.76x4.61x14.66x1.58% 67.54B
28.74x3.77x9.92x0.7% 67.45B
23.42x9.62x12.92x3.89% 67.33B
13.95x6.57x11.88x7.56% 60.99B
Average 21.14x 5.34x 11.61x 4.16% 70.14B
Weighted average by Cap. 21.92x 5.15x 11.95x 4.28%

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