2024-02-24 10:40:00 ET
Summary
- Vopak reported strong financial results in 2023, with a total revenue of 1.52B EUR and a net income of 489M EUR.
- The company's operating cash flow was 866M EUR, resulting in a net underlying free cash flow of 408.5M EUR.
- Vopak has provided a positive outlook for 2024, expecting an increase in proportional EBITDA and continued investment in growth projects.
Introduction
I have been tracking Vopak (VOPKF) for several years now and in the summer of 2022 I thought the company had become too cheap and I liked the stock for its 5.5% dividend yield, which was pretty good for an infrastructure company back in the day. Since that article in August 2022, the share price has increased by approximately 50% while the company has also paid out a 1.30 EUR dividend ....
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For further details see:
Vopak: Trading At A 10% Free Cash Flow Yield After A Surprisingly Strong 2023