Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Koninklijke Vopak N.V. is the world's leading independent tank storage company, specializing in the safe, reliable, and efficient storage and handling of liquid chemicals, gases, oil products, and emerging sustainable feedstocks. Founded in 1999 through the merger of Koninklijke Pakhoed N.V. and Koninklijke Van Ommeren N.V., its roots trace back over four centuries to 1616 with the Blauwhoedenveem in Amsterdam, evolving from commodity storage cooperatives to a global infrastructure provider headquartered in Rotterdam, Netherlands. The company operates 77 terminals across 23 countries, offering a total storage capacity of 35.4 million cubic meters as of year-end 2024, strategically located in key energy hubs like the Netherlands, Singapore, the US Gulf Coast, and Asia. Koninklijke Vopak serves over 1,000 customers in the energy, manufacturing, chemical, and oil industries, including producers, traders, and governments, by providing tanks, jetties, pipelines, and services such as blending and component addition. It handles products ranging from crude oil, fuels, and petrochemicals like methanol and styrene, to LNG, LPG, biofuels, and innovative solutions for low-carbon hydrogen, CO2, ammonia, and battery energy storage, playing a pivotal role in global supply chains and the energy transition toward sustainable infrastructure. Regions including Asia-Middle East, China-North Asia, and the Netherlands contribute most significantly to its operations.
28.36% operating margin is above average. ROIC at 5.33%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 1.3% YoY. The question is whether this is cyclical or a structural shift.
Net debt of €2.70B represents 5.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€1.30B
▼ -1.3% YoY
Net Income (TTM)
€630M
▲ +50.1% YoY
Op. Margin
28.36%
▼ -1.7pp YoY
ROIC
5.33%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€538M
▼ -6.2% YoY
Op. Cash Flow (TTM)
€541M
▼ -6.9% YoY
Net Debt
€2.70B
Cash & Equiv.
€100M
3Y CAGR: -1.7%
3Y CAGR: +7.0%
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