CADELER A/S |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 52.2 NOK | +1.56% |
|
+6.53% | +11.25% |
| Apr. 08 | Cadeler Signs Wind Farm Installation Vessel Deal with Ørsted | MT |
| Apr. 08 | Orsted and Cadeler Sign Long-Term Agreement for Offshore Wind Farm Installation Vessel Capacity | CI |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 268.1 | 506.8 | 723.2 | 1,301 | 1,554 | - | - |
| Enterprise Value (EV) 1 | 284.1 | 577.6 | 819.2 | 1,301 | 1,885 | 2,529 | 2,439 |
| P/E ratio | -2.23 x | 61 x | 16.6 x | 69.6 x | 52 x | 10.9 x | 5.37 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 13.7 x | 8.32 x | 6.8 x | 12 x | 6.51 x | 3.35 x | 1.74 x |
| EV / Revenue | 14.6 x | 9.48 x | 7.7 x | 12 x | 7.89 x | 5.45 x | 2.74 x |
| EV / EBITDA | -13.9 x | 20.9 x | 12.8 x | - | 15.9 x | 8.13 x | 4.65 x |
| EV / FCF | -1.07 x | -4.35 x | -4.19 x | - | -4.87 x | -4.78 x | 12.5 x |
| FCF Yield | -93.5% | -23% | -23.9% | - | -20.5% | -20.9% | 8% |
| Price to Book | 1.11 x | 1.3 x | 1.34 x | - | 1.38 x | 1.21 x | 1.03 x |
| Nbr of stocks (in thousands) | 115,574 | 138,574 | 197,600 | 311,410 | 350,930 | - | - |
| Reference price 2 | 2.319 | 3.657 | 3.660 | 4.179 | 4.427 | 4.427 | 4.427 |
| Announcement Date | 4/6/21 | 3/29/22 | 3/28/23 | 3/26/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 34.88 | 19.5 | 60.94 | 106.4 | 108.6 | 238.7 | 464.2 | 890.7 |
| EBITDA 1 | - | -20.43 | 27.61 | 63.88 | - | 118.3 | 310.9 | 524.4 |
| EBIT 1 | - | -35.91 | 11.13 | 41.19 | 14.44 | 51.63 | 211.2 | 392.1 |
| Operating Margin | - | -184.16% | 18.27% | 38.7% | 13.3% | 21.63% | 45.5% | 44.02% |
| Earnings before Tax (EBT) 1 | - | -27.03 | 7.438 | 35.54 | 11.5 | 22.46 | 151.8 | 315.4 |
| Net income 1 | - | -27.03 | 7.451 | 35.54 | 11.5 | 29.87 | 139.7 | 289.3 |
| Net margin | - | -138.62% | 12.23% | 33.4% | 10.59% | 12.51% | 30.09% | 32.48% |
| EPS 2 | -0.3495 | -1.040 | 0.0600 | 0.2200 | 0.0600 | 0.0852 | 0.4058 | 0.8238 |
| Free Cash Flow 1 | - | -265.7 | -132.7 | -195.6 | - | -387.1 | -529.3 | 195.2 |
| FCF margin | - | -1,362.67% | -217.83% | -183.76% | - | -162.17% | -114.02% | 21.92% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | 37.23% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | 67.48% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 10/1/20 | 4/6/21 | 3/29/22 | 3/28/23 | 3/26/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 14.32 | 14.32 | 28.65 | - | 63.39 | 67.77 | 40.85 | 23.81 | 55.19 | 74 | 72.58 | 73.54 | 161 | - |
| EBITDA 1 | - | 5.96 | 5.96 | 12.1 | 22.94 | 40.93 | 44.09 | - | -4.655 | 27.5 | 17 | 31.88 | 56.43 | 100 | - |
| EBIT 1 | - | 1.69 | 1.69 | 3.389 | 12.61 | 28.58 | 29.44 | -15 | -10.01 | 9.564 | -18 | 21.56 | 26.66 | 55 | - |
| Operating Margin | - | 11.8% | 11.8% | 11.83% | - | 45.09% | 43.44% | -36.71% | -42.04% | 17.33% | -24.32% | 29.71% | 36.25% | 34.16% | - |
| Earnings before Tax (EBT) 1 | - | 1.26 | 1.26 | - | 9.803 | 25.74 | 29.59 | -18.09 | -15.24 | 19.63 | -26 | 15.5 | 19.12 | 39 | 20.96 |
| Net income 1 | 4.926 | 1.26 | 1.26 | - | 9.778 | 25.76 | 29.59 | -18.09 | -15.25 | 6.059 | -26 | 15.49 | 16.04 | 39 | 20.94 |
| Net margin | - | 8.8% | 8.8% | - | - | 40.64% | 43.66% | -44.29% | -64.05% | 10.98% | -35.14% | 21.34% | 21.81% | 24.22% | - |
| EPS 2 | 0.0400 | 0.0100 | 0.0100 | 0.0200 | 0.0700 | 0.1500 | 0.1500 | -0.0900 | -0.0434 | -0.003020 | -0.005000 | 0.0438 | 0.0559 | 0.0900 | 0.0597 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/24/21 | 3/29/22 | 3/29/22 | 3/29/22 | 8/23/22 | 3/28/23 | 8/29/23 | 3/26/24 | - | - | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 16 | 70.8 | 96 | - | 331 | 975 | 885 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | -0.785 x | 2.563 x | 1.503 x | - | 2.797 x | 3.135 x | 1.688 x |
| Free Cash Flow 1 | - | -266 | -133 | -196 | - | -387 | -529 | 195 |
| ROE (net income / shareholders' equity) | - | -23.7% | 2.63% | 8.3% | - | 1.21% | 11.1% | 18.8% |
| ROA (Net income/ Total Assets) | - | -8.1% | 1.96% | 7.6% | - | 0.8% | 7% | 10.4% |
| Assets 1 | - | 333.7 | 380.8 | 467.6 | - | 3,734 | 1,995 | 2,782 |
| Book Value Per Share 2 | - | 2.090 | 2.810 | 2.740 | - | 3.210 | 3.650 | 4.300 |
| Cash Flow per Share 2 | - | - | - | 0.1800 | - | 0.2000 | 0.4000 | 0.9000 |
| Capex 1 | - | 256 | 163 | 225 | - | 435 | 723 | 267 |
| Capex / Sales | - | 1,313.46% | 267.39% | 211.05% | - | 182.33% | 155.82% | 29.94% |
| Announcement Date | 10/1/20 | 4/6/21 | 3/29/22 | 3/28/23 | 3/26/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
4.427
EUR
Average target price
5.593
EUR
Spread / Average Target
+26.32%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.25% | 1.66B | |
| +1.28% | 10.87B | |
| +57.87% | 1.91B | |
| -35.28% | 1.61B | |
| -22.12% | 1.56B | |
| +18.88% | 1.07B | |
| -13.62% | 599M | |
| -47.02% | 497M | |
| -25.92% | 415M | |
| -14.18% | 356M |
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- Financials Cadeler A/S
