Cash flow Cadeler A/S

Equities

CADLR

DK0061412772

Construction & Engineering

Real-time Oslo Bors Other stock markets 08:23:15 2025-06-19 am EDT			5-day change	1st Jan Change
52.60 ^NOK	-0.19%		-3.57%	-17.43%

May. 26	Cadeler Kicks Off Share Buyback Program	MT
May. 26	Cadeler Initiates Share Buy-Back Programme	RE

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Published financial data: CADELER A/S

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	19.5M	60.94M	106M	109M	249M
Total Revenues	19.5M	60.94M	106M	109M	249M
Cost of Goods Sold, Total	45.94M	39.04M	50.33M	60.98M	127M
Gross Profit	-26.44M	21.9M	56.09M	47.64M	121M
Selling General & Admin Expenses, Total	9.1M	10.35M	13.88M	25.09M	51.56M
Depreciation & Amortization - (IS)	364K	414K	1.02M	534K	2.52M
Other Operating Expenses	-	-	-	-137K	-2.04M
Other Operating Expenses, Total	9.47M	10.76M	14.9M	25.49M	52.05M
Operating Income	-35.9M	11.13M	41.19M	22.15M	69.44M
Interest Expense, Total	-4.29M	-3.44M	-1.53M	-2.88M	-2.8M
Interest And Investment Income	-	-	244K	1.43M	3.29M
Net Interest Expenses	-4.29M	-3.44M	-1.28M	-1.44M	498K
Currency Exchange Gains (Loss)	5.5M	103K	-4.41M	-280K	-1.81M
Other Non Operating Income (Expenses)	-39K	-358K	45K	-1.22M	-654K
EBT, Excl. Unusual Items	-34.74M	7.44M	35.54M	19.2M	67.48M
Merger & Related Restructuring Charges	-	-	-	-7.71M	-
Asset Writedown	7.7M	-	-	-	-
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	-27.03M	7.44M	35.54M	11.5M	67.48M
Income Tax Expense	-1K	-13K	-	-	2.41M
Earnings From Continuing Operations	-27.03M	7.45M	35.54M	11.5M	65.07M
Net Income to Company	-27.03M	7.45M	35.54M	11.5M	65.07M
Net Income - (IS)	-27.03M	7.45M	35.54M	11.5M	65.07M
Net Income to Common Incl Extra Items	-27.03M	7.45M	35.54M	11.5M	65.07M
Net Income to Common Excl. Extra Items	-27.03M	7.45M	35.54M	11.5M	65.07M
Per Share Items
Net EPS - Basic	-1.04	0.06	0.22	0.06	0.19
Basic EPS - Continuing Operations	-1.04	0.06	0.22	0.06	0.19
Basic Weighted Average Shares Outstanding	25.93M	131M	163M	201M	346M
Net EPS - Diluted	-1.04	0.06	0.22	0.06	0.19
Diluted EPS - Continuing Operations	-1.04	0.06	0.22	0.06	0.19
Diluted Weighted Average Shares Outstanding	25.93M	131M	164M	203M	347M
Normalized Basic EPS	-0.84	0.04	0.14	0.06	0.12
Normalized Diluted EPS	-0.84	0.04	0.14	0.06	0.12
American Depositary Receipts Ratio (ADR)	4	4	4	4	4
Supplemental Items
EBITDA	-31.96M	27.3M	62.91M	44.65M	124M
EBITA	-35.9M	11.13M	41.19M	22.15M	69.44M
EBIT	-35.9M	11.13M	41.19M	22.15M	69.44M
EBITDAR	-31.61M	27.89M	63.5M	49.46M	137M
Effective Tax Rate - (Ratio)	0	-0.17	-	-	3.57
Current Foreign Taxes	-	-	-	-	1.27M
Total Current Taxes	-	-	-	-	1.27M
Total Deferred Taxes	-	-	-	-	1.14M
Normalized Net Income	-21.71M	4.65M	22.21M	12M	42.17M
Interest Capitalized	-	-	4.2M	7.1M	19.7M
Interest on Long-Term Debt	3.24M	30K	21K	25K	428K
Supplemental Operating Expense Items
General and Administrative Expenses	2.79M	2.06M	2.34M	5M	15.06M
Net Rental Expense, Total	355K	584K	582K	4.8M	12.53M
Imputed Operating Lease Interest Expense	126K	217K	282K	2.38M	5.61M
Imputed Operating Lease Depreciation	229K	367K	300K	2.42M	6.93M
Maintenance & Repair Expenses, Total	2.91M	2.47M	4.84M	6.24M	10.91M
Stock-Based Comp., G&A Exp. (Total)	156K	360K	352K	1.13M	1.66M
Stock-Based Comp., Other (Total)	-	-681K	-	-	-
Total Stock-Based Compensation	156K	-321K	352K	1.13M	1.66M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	63.64M	2.31M	19.01M	96.61M	58.46M
Total Cash And Short Term Investments	63.64M	2.31M	19.01M	96.61M	58.46M
Accounts Receivable, Total	6.95M	18.42M	37.63M	36.27M	89.29M
Other Receivables	12.45M	1.95M	612K	3.17M	11.3M
Notes Receivable	6K	-	-	-	-
Total Receivables	19.4M	20.37M	38.25M	39.44M	101M
Inventory	312K	440K	549K	1.84M	1.04M
Prepaid Expenses	176K	1.5M	1.7M	9.56M	16.64M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	14K	-	-	-	11.88M
Total Current Assets	83.54M	24.62M	59.51M	147M	189M
Gross Property Plant And Equipment	258M	421M	650M	1.15B	1.84B
Accumulated Depreciation	-4.96M	-21.42M	-43.9M	-64.75M	-115M
Net Property Plant And Equipment	253M	400M	606M	1.09B	1.72B
Long-term Investments	-	-	3.38M	-	-
Goodwill	-	-	-	16.71M	17.76M
Other Intangibles, Total	-	402K	419K	240K	427K
Other Long-Term Assets, Total	203K	195K	238K	1.56M	7.61M
Total Assets	337M	425M	670M	1.25B	1.94B
Liabilities
Accounts Payable, Total	4.36M	2.8M	3.98M	8.4M	11.58M
Short-term Borrowings	5.38M	-	-	-	-
Current Portion of Long-Term Debt	9.63M	28.6M	772K	799K	31.16M
Current Portion of Leases	285K	298K	279K	601K	1.27M
Current Income Taxes Payable	-	6K	5K	1.22M	752K
Unearned Revenue Current, Total	3.07M	15.19M	1.83M	12.1M	45.59M
Other Current Liabilities	2.9M	6.97M	4.93M	30.49M	33.29M
Total Current Liabilities	25.63M	53.86M	11.8M	53.62M	124M
Long-Term Debt	63.87M	44.48M	114M	205M	556M
Long-Term Leases	507K	209K	-	392K	9.7M
Unearned Revenue Non Current	5.74M	969K	1.33M	1.78M	1.75M
Deferred Tax Liability Non Current	-	-	-	10.19M	11.97M
Other Non Current Liabilities	-	-1K	2.11M	22.77M	-26K
Total Liabilities	95.75M	99.51M	129M	294M	703M
Common Stock, Total	15.56M	18.64M	26.58M	41.84M	47.14M
Additional Paid In Capital	266M	339M	510M	953M	1.1B
Retained Earnings	-40.24M	-32.78M	3.11M	-7.37M	59.36M
Treasury Stock	-	-	-	-	-1.28M
Comprehensive Income and Other	-	-	1.34M	-28.28M	29.18M
Total Common Equity	241M	325M	541M	959M	1.23B
Total Equity	241M	325M	541M	959M	1.23B
Total Liabilities And Equity	337M	425M	670M	1.25B	1.94B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	116M	139M	198M	311M	351M
ECS Total Common Shares Outstanding	116M	139M	198M	311M	351M
Book Value / Share	2.09	2.35	2.74	3.08	3.52
Tangible Book Value	241M	325M	540M	942M	1.22B
Tangible Book Value Per Share	2.09	2.34	2.73	3.03	3.47
Total Debt	79.68M	73.58M	115M	207M	598M
Net Debt	16.04M	71.27M	96.27M	110M	540M
Debt Equivalent Oper. Leases	2.84M	4.67M	4.66M	38.42M	100M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	312K	440K	549K	1.84M	1.04M
Machinery, Total	256M	261M	292M	576M	1.09B
Full Time Employees	42	70	200	570	659
Order Backlog	310M	409M	780M	1.56B	2.34B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-27.03M	7.45M	35.54M	11.5M	65.07M
Depreciation & Amortization - CF	15.48M	16.45M	22.47M	22.84M	56.41M
Depreciation & Amortization, Total	15.48M	16.45M	22.47M	22.84M	56.41M
Amortization of Deferred Charges, Total - (CF)	-	32K	211K	210K	189K
(Gain) Loss From Sale Of Asset	-	-	-	-	183K
Asset Writedown & Restructuring Costs	-7.7M	-	-	5M	-
Stock-Based Compensation (CF)	156K	-321K	352K	1.13M	1.66M
Other Operating Activities, Total	-655K	4.66M	910K	2.53M	2.1M
Change In Accounts Receivable	4.54M	-9.88M	-18.03M	28.54M	-62.71M
Change In Inventories	-51K	-128K	-109K	-1.14M	788K
Change In Accounts Payable	3.89M	2.45M	660K	-16.09M	380K
Change in Unearned Revenues	3.85M	7.35M	-13M	8.79M	33.48M
Change In Deferred Taxes	-	-	-	-	1.14M
Change in Other Net Operating Assets	-2.08M	2.14M	26K	73K	-5.59M
Cash from Operations	-9.6M	30.2M	29.04M	63.38M	93.1M
Capital Expenditure	-256M	-163M	-225M	-66.9M	-616M
Sale of Property, Plant, and Equipment	-	-	-	1.8M	-
Cash Acquisitions	-	-	-	10.4M	-
Sale (Purchase) of Intangible assets	-	-434K	-228K	-31K	-410K
Other Investing Activities, Total	-	-	-574K	-	206K
Cash from Investing	-256M	-163M	-225M	-54.73M	-616M
Short Term Debt Issued, Total	-	9M	16.07M	-	-
Long-Term Debt Issued, Total	73.29M	-	115M	200M	366M
Total Debt Issued	73.29M	9M	131M	200M	366M
Short Term Debt Repaid, Total	-	-	-25.06M	-	-
Long-Term Debt Repaid, Total	-11.23M	-10.28M	-65.23M	-116M	-12.59M
Total Debt Repaid	-11.23M	-10.28M	-90.29M	-116M	-12.59M
Issuance of Common Stock	284M	79.22M	183M	-	155M
Repurchase of Common Stock	-	-	-	-	-1.28M
Other Financing Activities, Total	-18.32M	-6.08M	-10.95M	-14.1M	-25.07M
Cash from Financing	328M	71.85M	213M	70.27M	482M
Foreign Exchange Rate Adjustments	-	-	-	-1.33M	2.52M
Miscellaneous Cash Flow Adjustments	10K	-	1K	-	-
Net Change in Cash	62.39M	-61.33M	16.7M	77.6M	-38.14M
Supplemental Items
Cash Interest Paid	4.14M	3.93M	5.78M	7.14M	19.69M
Cash Income Tax Paid (Refund)	1.78M	-158K	13K	-2K	483K
Levered Free Cash Flow	-263M	-136M	-209M	418K	-556M
Unlevered Free Cash Flow	-261M	-133M	-208M	2.22M	-555M
Change In Net Working Capital	-2.34M	-6.84M	32.4M	-31.12M	40.32M
Net Debt Issued / Repaid	62.06M	-1.29M	40.77M	84.37M	353M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-10.02	1.83	4.7	1.44	2.72
Return on Total Capital	-10.64	1.95	4.88	1.52	2.9
Return On Equity %	-23.72	2.63	8.21	1.53	5.93
Return on Common Equity	-23.72	2.63	8.21	1.53	5.93
Margin Analysis
Gross Profit Margin %	-135.57	35.93	52.71	43.86	48.84
SG&A Margin	46.68	16.98	13.04	23.1	20.73
EBITDA Margin %	-163.91	44.81	59.12	41.11	50.04
EBITA Margin %	-184.11	18.27	38.7	20.39	27.92
EBIT Margin %	-184.11	18.27	38.7	20.39	27.92
Income From Continuing Operations Margin %	-138.62	12.23	33.4	10.59	26.16
Net Income Margin %	-138.62	12.23	33.4	10.59	26.16
Net Avail. For Common Margin %	-138.62	12.23	33.4	10.59	26.16
Normalized Net Income Margin	-111.33	7.63	20.87	11.05	16.95
Levered Free Cash Flow Margin	-1.35K	-222.47	-196.76	0.38	-223.67
Unlevered Free Cash Flow Margin	-1.34K	-218.94	-195.87	2.04	-222.97
Asset Turnover
Asset Turnover	0.09	0.16	0.19	0.11	0.16
Fixed Assets Turnover	0.11	0.19	0.21	0.13	0.18
Receivables Turnover (Average Receivables)	1.79	4.8	3.74	2.94	3.96
Inventory Turnover (Average Inventory)	160.34	103.83	101.79	51.14	88.52
Short Term Liquidity
Current Ratio	3.26	0.46	5.04	2.75	1.53
Quick Ratio	3.24	0.42	4.85	2.54	1.29
Operating Cash Flow to Current Liabilities	-0.37	0.56	2.46	1.18	0.75
Days Sales Outstanding (Average Receivables)	204.86	75.99	97.58	124.18	92.38
Days Outstanding Inventory (Average Inventory)	2.28	3.52	3.59	7.14	4.13
Average Days Payable Outstanding	22.56	33.36	24.51	36.28	28.91
Cash Conversion Cycle (Average Days)	184.59	46.15	76.65	95.04	67.6
Long Term Solvency
Total Debt/Equity	33.05	22.62	21.33	21.54	48.48
Total Debt / Total Capital	24.84	18.45	17.58	17.72	32.65
LT Debt/Equity	26.7	13.74	21.13	21.39	45.85
Long-Term Debt / Total Capital	20.07	11.2	17.42	17.6	30.88
Total Liabilities / Total Assets	28.43	23.43	19.32	23.43	36.3
EBIT / Interest Expense	-8.37	3.24	26.94	7.7	24.84
EBITDA / Interest Expense	-4.76	8.02	41.64	15.64	45.01
(EBITDA - Capex) / Interest Expense	-64.44	-39.34	-105.26	-7.62	-175.14
Total Debt / EBITDA	-3.9	2.67	1.81	4.59	4.75
Net Debt / EBITDA	-0.79	2.58	1.51	2.44	4.29
Total Debt / (EBITDA - Capex)	-0.29	-0.54	-0.72	-9.43	-1.22
Net Debt / (EBITDA - Capex)	-0.06	-0.53	-0.6	-5.02	-1.1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-49.19	212.49	74.64	2.07	128.99
Gross Profit, 1 Yr. Growth %	311.73	-182.83	155.95	-15.06	130.79
EBITDA, 1 Yr. Growth %	135.65	-185.42	130.41	-29.02	150.68
EBITA, 1 Yr. Growth %	163.13	-131.01	269.96	-46.23	155.78
EBIT, 1 Yr. Growth %	163.13	-131.01	269.96	-46.23	155.78
Earnings From Cont. Operations, 1 Yr. Growth %	13.76	-127.56	377	-67.65	465.92
Net Income, 1 Yr. Growth %	13.76	-127.56	377	-67.65	465.92
Normalized Net Income, 1 Yr. Growth %	56.59	-121.41	377.83	-45.96	178.77
Diluted EPS Before Extra, 1 Yr. Growth %	-96.58	-105.45	283.31	-73.78	229.37
Accounts Receivable, 1 Yr. Growth %	-53.3	165.06	95.33	-3.61	146.15
Inventory, 1 Yr. Growth %	19.54	41.03	24.77	234.43	-43.41
Net Property, Plant and Equip., 1 Yr. Growth %	172.28	57.88	51.79	79.16	58.53
Total Assets, 1 Yr. Growth %	202.97	26.11	57.74	86.94	54.64
Tangible Book Value, 1 Yr. Growth %	-1.94K	34.76	66.27	74.41	29.04
Common Equity, 1 Yr. Growth %	-1.94K	34.93	66.2	77.41	28.66
Cash From Operations, 1 Yr. Growth %	376.99	-414.68	-3.85	118.29	46.89
Capital Expenditures, 1 Yr. Growth %	400K	-36.39	37.84	-70.22	820.11
Levered Free Cash Flow, 1 Yr. Growth %	-3.09K	-47.43	54.46	-100.2	-15.8K
Unlevered Free Cash Flow, 1 Yr. Growth %	-2.21K	-47.72	56.24	-101.06	-10.48K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-48.01	26	133.61	33.51	52.88
Gross Profit, 2 Yr. CAGR %	102.86	84.67	45.66	47.44	47.17
EBITDA, 2 Yr. CAGR %	252.83	41.88	40.3	27.88	40.66
EBITA, 2 Yr. CAGR %	279.59	-9.67	7.11	41.05	29.84
EBIT, 2 Yr. CAGR %	279.59	-9.67	7.11	41.05	29.84
Earnings From Cont. Operations, 2 Yr. CAGR %	441.54	-44	14.66	24.22	35.31
Net Income, 2 Yr. CAGR %	441.54	-44	14.66	24.22	35.31
Normalized Net Income, 2 Yr. CAGR %	262.36	-42.09	1.15	60.69	37.79
Diluted EPS Before Extra, 2 Yr. CAGR %	-6.08	-95.68	-54.29	0.26	-7.06
Accounts Receivable, 2 Yr. CAGR %	-25.81	11.27	132.68	37.21	54.03
Inventory, 2 Yr. CAGR %	-39.35	29.84	32.65	104.27	37.57
Net Property, Plant and Equip., 2 Yr. CAGR %	4.04K	107.34	54.81	64.91	68.53
Total Assets, 2 Yr. CAGR %	255.51	95.47	41.04	71.72	70.03
Tangible Book Value, 2 Yr. CAGR %	265.55	397.98	49.69	70.3	50.02
Common Equity, 2 Yr. CAGR %	265.55	398.28	49.75	71.71	51.08
Cash From Operations, 2 Yr. CAGR %	-	287.43	73.94	44.87	79.06
Capital Expenditures, 2 Yr. CAGR %	-	4.95K	-6.36	-35.92	65.55
Levered Free Cash Flow, 2 Yr. CAGR %	-	292.11	-9.89	-94.45	63
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	228.59	-9.63	-87.11	63.11
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-24.3	-5.51	40.49	77.26	59.82
Gross Profit, 3 Yr. CAGR %	74.84	50.44	105.95	21.69	76.98
EBITDA, 3 Yr. CAGR %	57.81	119.82	66.77	11.79	65.81
EBITA, 3 Yr. CAGR %	63.74	64.65	44.52	-14.87	84.07
EBIT, 3 Yr. CAGR %	63.74	64.65	44.52	-14.87	84.07
Earnings From Cont. Operations, 3 Yr. CAGR %	61.81	100.62	14.36	-24.79	105.93
Net Income, 3 Yr. CAGR %	61.81	100.62	14.36	-24.79	105.93
Normalized Net Income, 3 Yr. CAGR %	61.51	41.09	17.01	-17.92	108.56
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.68	-63.65	-80.74	-62.02	49.04
Accounts Receivable, 3 Yr. CAGR %	30.38	13.38	36.24	73.45	66.72
Inventory, 3 Yr. CAGR %	-21.73	-19.68	28.13	80.54	33.16
Net Property, Plant and Equip., 3 Yr. CAGR %	1.61K	1.29K	86.87	62.53	62.76
Total Assets, 3 Yr. CAGR %	134.96	151.57	81.99	54.93	65.83
Tangible Book Value, 3 Yr. CAGR %	141.48	162.01	245.47	57.51	55.26
Common Equity, 3 Yr. CAGR %	141.48	162.12	245.56	58.45	55.96
Cash From Operations, 3 Yr. CAGR %	-	-	143.46	87.62	45.54
Capital Expenditures, 3 Yr. CAGR %	-	-	1.42K	-36.08	55.74
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	187.44	-88.25	60.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	156.47	-79.45	60.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-3.02	18.8	8.56	45.32
Gross Profit, 5 Yr. CAGR %	-	11.07	62.5	49.33	80.05
EBITDA, 5 Yr. CAGR %	-	22.2	50.53	77.09	55.79
EBITA, 5 Yr. CAGR %	-	2.23	38.15	54.84	38.46
EBIT, 5 Yr. CAGR %	-	2.23	38.15	54.84	38.46
Earnings From Cont. Operations, 5 Yr. CAGR %	-	0.94	40.96	65.7	22.32
Net Income, 5 Yr. CAGR %	-	0.94	40.96	65.7	22.32
Normalized Net Income, 5 Yr. CAGR %	-	-3.99	33.92	48.7	24.92
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-51.59	-45.43	-63.85
Accounts Receivable, 5 Yr. CAGR %	-	25.5	64.36	23.53	43.1
Inventory, 5 Yr. CAGR %	-	-9.64	-3.36	16.73	31.82
Net Property, Plant and Equip., 5 Yr. CAGR %	-	473.23	554.02	493.7	79.31
Total Assets, 5 Yr. CAGR %	-	70.55	91.55	116.04	77.1
Tangible Book Value, 5 Yr. CAGR %	-	69.06	99.41	120.64	147.46
Common Equity, 5 Yr. CAGR %	-	69.1	99.44	121.43	148.2
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	115.31
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	526.06
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	129.09
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	114