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Koninklijke Vopak

DB:VPK5
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VPK5
DB
€6B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Koninklijke Vopak N.V., an independent tank storage company, stores and handles liquid chemicals, gases, oil products, biofuels, and vegetable oils worldwide. The last earnings update was 57 days ago. More info.


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VPK5 Share Price and Events
7 Day Returns
-11.7%
DB:VPK5
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
0.8%
DB:VPK5
34.4%
DE Oil and Gas
-14.2%
DE Market
VPK5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Koninklijke Vopak (VPK5) -11.7% -5.6% -14% 0.8% 0.1% -20.8%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • VPK5 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • VPK5 outperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
VPK5
Industry
5yr Volatility vs Market

VPK5 Value

 Is Koninklijke Vopak undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Koninklijke Vopak to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Koninklijke Vopak.

DB:VPK5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:VPK5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 25%) (42.37%))
1.188
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.188 * 5.44%)
6.07%

Discounted Cash Flow Calculation for DB:VPK5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Koninklijke Vopak is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:VPK5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.07%)
2020 125.10 Analyst x2 117.94
2021 400.40 Analyst x2 355.86
2022 499.15 Analyst x2 418.22
2023 538.50 Analyst x1 425.35
2024 587.20 Analyst x1 437.26
2025 619.16 Est @ 5.44% 434.65
2026 642.03 Est @ 3.69% 424.90
2027 657.88 Est @ 2.47% 410.45
2028 668.47 Est @ 1.61% 393.18
2029 675.23 Est @ 1.01% 374.41
Present value of next 10 years cash flows €3,792.00
DB:VPK5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €675.23 × (1 + -0.39%) ÷ (6.07% – -0.39%)
€10,404.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €10,404.77 ÷ (1 + 6.07%)10
€5,769.40
DB:VPK5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,792.00 + €5,769.40
€9,561.40
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €9,561.40 / 127.63
€74.92
DB:VPK5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VPK5 represents 0.94547x of ENXTAM:VPK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94547x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 74.92 x 0.94547
€70.83
Value per share (EUR) From above. €70.83
Current discount Discount to share price of €42.48
= -1 x (€42.48 - €70.83) / €70.83
40%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Koninklijke Vopak is available for.
Intrinsic value
40%
Share price is €42.48 vs Future cash flow value of €70.83
Current Discount Checks
For Koninklijke Vopak to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Koninklijke Vopak's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Koninklijke Vopak's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Koninklijke Vopak's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Koninklijke Vopak's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VPK5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €4.47
ENXTAM:VPK Share Price ** ENXTAM (2020-04-08) in EUR €44.93
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Koninklijke Vopak.

DB:VPK5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:VPK Share Price ÷ EPS (both in EUR)

= 44.93 ÷ 4.47

10.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke Vopak is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Koninklijke Vopak is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Koninklijke Vopak's expected growth come at a high price?
Raw Data
DB:VPK5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-8.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:VPK5 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.04x ÷ -8.8%

-1.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke Vopak earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Koninklijke Vopak's assets?
Raw Data
DB:VPK5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €23.88
ENXTAM:VPK Share Price * ENXTAM (2020-04-08) in EUR €44.93
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:VPK5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:VPK Share Price ÷ Book Value per Share (both in EUR)

= 44.93 ÷ 23.88

1.88x

* Primary Listing of Koninklijke Vopak.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Koninklijke Vopak is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Koninklijke Vopak's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Koninklijke Vopak has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VPK5 Future Performance

 How is Koninklijke Vopak expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-8.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Koninklijke Vopak expected to grow at an attractive rate?
  • Koninklijke Vopak's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Koninklijke Vopak's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Koninklijke Vopak's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:VPK5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VPK5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -8.8%
DB:VPK5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.1%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:VPK5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VPK5 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 945
2023-12-31 843
2022-12-31 1,362 787 437 2
2021-12-31 1,291 761 418 4
2020-12-31 1,272 764 381 4
2020-04-09
DB:VPK5 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,261 647 571
2019-09-30 1,270 647 439
2019-06-30 1,279 648 308
2019-03-31 1,272 265
2018-12-31 1,264 640 255
2018-09-30 1,280 196
2018-06-30 1,268 685 224
2018-03-31 1,291 232
2017-12-31 1,317 669 235
2017-09-30 1,328 303
2017-06-30 1,350 680 298
2017-03-31 1,356 418

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Koninklijke Vopak's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Koninklijke Vopak's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:VPK5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Koninklijke Vopak Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VPK5 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 3.10 3.10 3.10 1.00
2022-12-31 3.48 3.72 3.06 3.00
2021-12-31 3.12 3.62 2.78 5.00
2020-12-31 3.01 3.26 2.80 4.00
2020-04-09
DB:VPK5 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 4.47
2019-09-30 3.44
2019-06-30 2.41
2019-03-31 2.07
2018-12-31 1.99
2018-09-30 1.53
2018-06-30 1.76
2018-03-31 1.82
2017-12-31 1.85
2017-09-30 2.38
2017-06-30 2.34
2017-03-31 3.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Koninklijke Vopak is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Koninklijke Vopak's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Koninklijke Vopak has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VPK5 Past Performance

  How has Koninklijke Vopak performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Koninklijke Vopak's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Koninklijke Vopak's year on year earnings growth rate has been positive over the past 5 years.
  • Koninklijke Vopak's 1-year earnings growth exceeds its 5-year average (124.4% vs 1.5%)
  • Koninklijke Vopak's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (124.4% vs 1.9%).
Earnings and Revenue History
Koninklijke Vopak's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Koninklijke Vopak Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VPK5 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,261.20 571.00 353.80
2019-09-30 1,270.05 439.25 370.60
2019-06-30 1,278.90 307.50 398.30
2019-03-31 1,272.00 264.80 395.50
2018-12-31 1,263.60 254.50 384.60
2018-09-30 1,280.25 195.75 674.55
2018-06-30 1,267.90 224.00 393.10
2018-03-31 1,291.20 231.90 399.80
2017-12-31 1,316.80 235.40 399.80
2017-09-30 1,327.70 303.20 401.80
2017-06-30 1,349.50 298.20 403.20
2017-03-31 1,356.25 418.20 316.75
2016-12-31 1,354.40 534.00 401.80
2016-09-30 1,358.80 536.00 117.50
2016-06-30 1,381.30 523.80 405.20
2016-03-31 1,392.55 353.20 502.90
2015-12-31 1,402.10 282.20 417.80
2015-09-30 1,396.00 273.15 412.20
2015-06-30 1,389.90 264.10 406.60
2015-03-31 1,358.20 305.40 307.20
2014-12-31 1,336.40 247.10 388.00
2014-09-30 1,315.05 261.75 386.20
2014-06-30 1,293.70 276.40 384.40
2014-03-31 1,300.55 294.55 384.40
2013-12-31 1,307.40 312.70 384.40
2013-09-30 1,319.95 314.40 382.00
2013-06-30 1,332.50 316.10 379.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Koninklijke Vopak has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Koninklijke Vopak used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Koninklijke Vopak's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Koninklijke Vopak's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Koninklijke Vopak has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VPK5 Health

 How is Koninklijke Vopak's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Koninklijke Vopak's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Koninklijke Vopak's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Koninklijke Vopak's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Koninklijke Vopak's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Koninklijke Vopak Company Filings, last reported 3 months ago.

DB:VPK5 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,195.10 1,864.90 94.50
2019-09-30 3,195.10 1,864.90 94.50
2019-06-30 2,788.20 2,145.90 92.50
2019-03-31 2,844.30 1,902.50 77.50
2018-12-31 2,844.30 1,902.50 77.50
2018-09-30 2,844.30 1,902.50 77.50
2018-06-30 2,651.60 1,759.70 97.90
2018-03-31 2,635.90 1,663.90 130.00
2017-12-31 2,635.90 1,663.90 130.00
2017-09-30 2,595.30 1,935.10 167.50
2017-06-30 2,595.30 1,935.10 167.50
2017-03-31 2,559.00 2,110.20 306.00
2016-12-31 2,559.00 2,110.20 306.00
2016-09-30
2016-06-30 2,346.20 2,029.40 236.80
2016-03-31 2,346.20 2,029.40 236.80
2015-12-31 2,160.40 2,405.50 109.90
2015-09-30 2,160.40 2,405.50 109.90
2015-06-30 2,033.00 2,618.90 182.90
2015-03-31 1,902.80 2,574.40 182.00
2014-12-31 1,902.80 2,448.30 182.00
2014-09-30 1,902.80 2,448.30 182.00
2014-06-30 1,907.40 2,208.60 175.90
2014-03-31 1,907.40 2,208.60 175.90
2013-12-31 1,927.50 2,082.30 178.70
2013-09-30 1,927.50 2,082.30 178.70
2013-06-30 1,832.40 2,130.20 227.40
  • Koninklijke Vopak's level of debt (58.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (128.7% vs 58.4% today).
  • Debt is well covered by operating cash flow (34.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Koninklijke Vopak's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Koninklijke Vopak has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VPK5 Dividends

 What is Koninklijke Vopak's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.56%
Current annual income from Koninklijke Vopak dividends. Estimated to be 2.94% next year.
If you bought €2,000 of Koninklijke Vopak shares you are expected to receive €51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Koninklijke Vopak's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Koninklijke Vopak's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
Upcoming dividend payment

Purchase Koninklijke Vopak before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:VPK5 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:VPK5 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 1.42 1.00
2022-12-31 1.33 2.00
2021-12-31 1.37 5.00
2020-12-31 1.23 4.00
2020-04-09
DB:VPK5 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-12 1.150 2.494
2019-02-13 1.100 2.495
2018-02-16 1.050 2.568
2017-04-19 1.050 2.757
2016-02-26 1.000 2.273
2015-02-27 0.900 2.156
2014-04-23 0.900 2.259
2013-03-04 0.880 2.025
2013-03-01 0.880 1.800
2012-02-29 0.800 1.587
2011-03-11 0.700 1.964
2010-05-11 0.625 1.855
2010-03-12 0.625 2.070

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Koninklijke Vopak's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Koninklijke Vopak's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Koninklijke Vopak afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Koninklijke Vopak has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VPK5 Management

 What is the CEO of Koninklijke Vopak's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eelco Hoekstra
COMPENSATION €2,324,000
AGE 48
TENURE AS CEO 9.3 years
CEO Bio

Mr. Eelco M. Hoekstra has been the Chief Executive Officer and Chairman of the Executive Board at Royal Vopak NV since January 2011. Mr. Hoekstra has been Member of the Executive Board at Royal Vopak NV since March 1, 2011 and November 12, 2010 respectively. He served as Division President - Latin America, Division President Of Asia and Head - Equity participations - Fujairah United Arab Emirates at Royal Vopak NV. He has been active in the international tank storage industry since 1995 and joined Vopak in 2003. At Vopak, he held various management positions in the United Arab Emirates, Argentina and Singapore. Mr. Hoekstra has Masters Degree in Economics.

CEO Compensation
  • Eelco's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Eelco's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Koninklijke Vopak management team in years:

9.3
Average Tenure
51
Average Age
  • The average tenure for the Koninklijke Vopak management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eelco Hoekstra

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€2M
AGE
48
TENURE
9.3 yrs

Gerard Paulides

TITLE
CFO & Member of the Executive Board
COMPENSATION
€996K
AGE
56
TENURE
2.2 yrs

Frits Eulderink

TITLE
COO & Member of the Executive Board
COMPENSATION
€2M
AGE
58
TENURE
10 yrs

Jan Schutrops

TITLE
Global Director of Operations & Technology
AGE
52

Laurens de Graaf

TITLE
Head of Investor Relations

Peter Smid

TITLE
Global Director of Legal Affairs & Corporate Secretary

Karen Beuk

TITLE
Global Director of Communication

Edwin Taal

TITLE
Global Director of Human Resources

Patrick Van Voort

TITLE
President of Vopak Europe & Africa
AGE
50

Dick Richelle

TITLE
President of Asia & Middle East Division
AGE
48
Board of Directors Tenure

Average tenure and age of the Koninklijke Vopak board of directors in years:

2.5
Average Tenure
60.5
Average Age
  • The average tenure for the Koninklijke Vopak board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ben Noteboom

TITLE
Independent Chairman of Supervisory Board
COMPENSATION
€112K
AGE
61
TENURE
3 yrs

Mel Groot

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
€79K
AGE
60
TENURE
5.3 yrs

Rien Zwitserloot

TITLE
Independent Member of Supervisory Board
COMPENSATION
€75K
AGE
70
TENURE
10.5 yrs

Ben van der Veer

TITLE
Independent Member of Supervisory Board
COMPENSATION
€80K
AGE
68
TENURE
2 yrs

Lucrèce J. I. De Ridder

TITLE
Independent Member of Supervisory Board
COMPENSATION
€81K
AGE
52
TENURE
2 yrs

Nicoletta Giadrossi

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€74K
AGE
53
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. May 19 Sell Eelco Hoekstra Individual 02. May 19 02. May 19 -4,241 €39.46 €-167,350
X
Management checks
We assess Koninklijke Vopak's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Koninklijke Vopak has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VPK5 News

Simply Wall St News

VPK5 Company Info

Description

Koninklijke Vopak N.V., an independent tank storage company, stores and handles liquid chemicals, gases, oil products, biofuels, and vegetable oils worldwide. It owns and operates specialized facilities, including tanks, jetties, truck loading stations, and pipelines. The company operates 66 terminals in the Americas, Asia, Europe, the Middle East, and Africa with a combined storage capacity of 34.4 million cubic meters. It serves national and international producers, distributors, and traders of liquid bulk products. Koninklijke Vopak N.V. was founded in 1616 and is headquartered in Rotterdam, the Netherlands.

Details
Name: Koninklijke Vopak N.V.
VPK5
Exchange: DB
Founded: 1616
€5,734,211,288
127,625,446
Website: http://www.vopak.com
Address: Koninklijke Vopak N.V.
Westerlaan 10,
Rotterdam,
Zuid-Holland, 3016 CK,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM VPK Ordinary Shares Euronext Amsterdam NL EUR 04. Nov 1999
OTCPK VOPK.F Ordinary Shares Pink Sheets LLC US USD 04. Nov 1999
DB VPK5 Ordinary Shares Deutsche Boerse AG DE EUR 04. Nov 1999
LSE 0O8V Ordinary Shares London Stock Exchange GB EUR 04. Nov 1999
WBAG VPK Ordinary Shares Wiener Boerse AG AT EUR 04. Nov 1999
BATS-CHIXE VPKA Ordinary Shares BATS 'Chi-X Europe' GB EUR 04. Nov 1999
OTCPK VOPK.Y UNSPONSORED ADR Pink Sheets LLC US USD 29. Dec 2008
Number of employees
Current staff
Staff numbers
3,722
Koninklijke Vopak employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 00:50
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.