Koninklijke Vopak NV (VPK) Fair Value & Analysis
Energy · NL · Market cap €5.4B · ISIN NL0009432491
What is Koninklijke Vopak NV really worth?
A solid business, but trading 49% above our fair value of €32.12.
Strengths
Risks
Fair value as of: Aug 27, 2026
From 24 valuation models · updated 9 days ago
Share price +1.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (€42.42). The favourable scenario is already priced in.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (€18.67 to €42.42) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range €15.71 – €48.98 · fair‑value band €18.67 – €42.42 · the €47.80 price screens above the €32.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Koninklijke Vopak NV (VPK) currently trades at €47.80, while our model-based Fair Value estimate is €32.12, implying the stock looks roughly 48.8% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of €56.88 per share, and 4 of the 23 models we run sit above the €47.80 price. Bear case: the Growth DCF group reads lowest at €8.21, and 19 of the 23 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Koninklijke Vopak NV generated revenue of €1.3B at a net margin of 44.8%. Revenue grew 1.3% year over year. It earns a return on equity of 19.0%. Net debt stands at €3.3B. Fundamentals as of Aug 27, 2026
Our scenario range runs from €18.67 (bear case) to €42.42 (bull case); at €47.80, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at −33%, VPK screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €3.55 per share, which is 11.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (€56.88) versus Growth DCF (€8.21). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 68
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Koninklijke Vopak N.V., an independent tank storage company, stores and handles liquid chemicals, gases, and oil products to the energy and manufacturing markets worldwide. It operates gas, industrial, chemical, and oil terminals and owns and operates facilities consisting of tanks, jetties, truck loading stations, and pipelines.
Full company description
Koninklijke Vopak N.V., an independent tank storage company, stores and handles liquid chemicals, gases, and oil products to the energy and manufacturing markets worldwide. It operates gas, industrial, chemical, and oil terminals and owns and operates facilities consisting of tanks, jetties, truck loading stations, and pipelines. The company also stores and handles chemicals, such as methanol, xylenes, styrene, alpha olefins, and mono-ethylene glycol; gas, including liquefied natural gas, liquid petroleum gas, ethylene, butadiene, and ammonia; oil products consisting of crude oil, fuel oil, diesel, jet fuel, gasoline, and naphtha; and vegoils and biofuels comprising ethanol, biodiesel, and sustainable aviation fuel. In addition, it is involved in the development of infrastructure solutions for hydrogen, ammonia, CO2, battery energy storage, and low-carbon fuels and feedstocks. It serves producers, manufacturers, distributors, governments, and traders. The company was founded in 1616 and is based in Rotterdam, the Netherlands. Koninklijke Vopak N.V. operates as a subsidiary of HAL Trust.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Koninklijke Vopak NV reported revenue of €1.3B in FY2025 versus €1.2B in FY2021, a compound +1.4%/yr. Reported net income was €604M in FY2025, compounding +29.6%/yr from FY2021.
of which total revenue −0.1 % · buybacks/dilution +0.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
VPK screens 49% overvalued. Compare with Enbridge Inc →
Peer Group
Oil & Gas Midstream · 89 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Enbridge Inc ENB | $50.72 | $35.83 | −29% |
| The Williams Companies, Inc WMB | $74.05 | $11.73 | −84% |
| Enterprise Products Partners L.P. EPD | $39.02 | $20.94 | −46% |
| TC Energy Corporation TRP | C$88.72 | C$24.53 | −72% |
| Kinder Morgan, Inc KMI | $31.60 | $10.92 | −65% |
| Energy Transfer LP, ET | $21.31 | $11.45 | −46% |
| MPLX LP owns and MPLX | $59.25 | $36.42 | −39% |
| ONEOK, Inc OKE | $95.69 | $58.62 | −39% |
| Targa Resources Corp TRGP | $286.91 | $79.61 | −72% |
| Cheniere Energy, Inc LNG | $280.80 | $199.99 | −29% |
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