(ORSTED) Orsted - CO
Sector: Utilities | Industry: Utilities - Renewable | Exchange: CO (Denmark) | Market Cap: 197.169m DKK | Total Return: -2.9% in 12m
Avg Turnover: 250M
EPS Trend: -56.8%
Qual. Beats: 0
Rev. Trend: -34.7%
Qual. Beats: 0
Warnings
Share dilution 215.2% YoY
High Debt while negative Cash Flow
Interest Coverage Ratio 0.2 is critical
Below Avwap Earnings
Tailwinds
Confidence
Ørsted A/S is a Denmark-based utility company specializing in the development, construction, and operation of renewable energy assets. The company manages a global portfolio consisting of offshore and onshore wind farms, solar energy facilities, and energy storage systems across Europe, North America, and the Asia-Pacific region. Its operations are organized into three primary segments: Offshore, Onshore, and Bioenergy & Other, which includes the management of combined heat and power plants and gas portfolio optimization.
The company operates within the capital-intensive utilities sector, transitioning from its origins as a fossil fuel-based entity (DONG Energy) to a pure-play renewable energy provider. Its business model relies on long-term power purchase agreements (PPAs) and government-backed subsidies to provide predictable cash flows, though it remains exposed to fluctuating raw material costs and interest rate volatility inherent in large-scale infrastructure projects.
- Interest rate volatility impacts project financing costs and asset valuations
- Offshore wind project impairments and supply chain disruptions pressure margins
- Government auction success and subsidy frameworks drive long-term revenue growth
- Strategic capital allocation and asset farm-downs influence balance sheet liquidity
| Net Income: -393.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA 5.74 > 1.0 |
| NWC/Revenue: 85.30% < 20% (prev 20.35%; Δ 64.95% < -1%) |
| CFO/TA 0.08 > 3% & CFO 29.0b > Net Income -393.0m |
| Net Debt (49.7b) to EBITDA (12.3b): 4.05 < 3 |
| Current Ratio: 2.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.32b) vs 12m ago 215.2% < -2% |
| Gross Margin: -10.62% > 18% (prev 30.96%; Δ -41.58% > 0.5%) |
| Asset Turnover: 21.58% > 50% (prev 21.47%; Δ 0.11% > 0%) |
| Interest Coverage Ratio: 0.16 > 6 (EBIT TTM 2.16b / Interest Expense TTM 13.6b) |
| A: 0.17 (Total Current Assets 116b - Total Current Liabilities 56.6b) / Total Assets 360b |
| B: 0.33 (Retained Earnings 118b / Total Assets 360b) |
| C: 0.01 (EBIT TTM 2.16b / Avg Total Assets 324b) |
| D: 0.53 (Book Value of Equity 121b / Total Liabilities 230b) |
| Altman-Z'' = 2.75 = A |
| DSRI: 0.84 (Receivables 19.4b/20.4b, Revenue 69.9b/61.7b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.19 (AQ_t 0.08 / AQ_t-1 0.06) |
| SGI: 1.13 (Revenue 69.9b / 61.7b) |
| TATA: -0.08 (NI -393.0m - CFO 29.0b) / TA 360b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at DKK 148.20 with a total of 4,039,095 shares traded.
Over the past week, the price has changed by -5.18%,
over one month by -9.69%,
over three months by +4.51% and
over the past year by -2.93%.
Orsted has no consensus analysts rating.
P/E Forward = 22.3214
P/S = 2.4597
P/B = 1.3819
P/EG = 0.6836
Revenue TTM = 69.9b DKK
EBIT TTM = 2.16b DKK
EBITDA TTM = 12.3b DKK
Long Term Debt = 86.8b DKK (from longTermDebt, last quarter)
Short Term Debt = 3.10b DKK (from shortTermDebt, last quarter)
Debt = 128b DKK (from shortLongTermDebtTotal, last quarter) + Leases 9.21b
Net Debt = 49.7b DKK (calculated: Debt 128b - CCE 78.7b)
Enterprise Value = 247b DKK (197b + Debt 128b - CCE 78.7b)
Interest Coverage Ratio = 0.16 (Ebit TTM 2.16b / Interest Expense TTM 13.6b)
EV/FCF = -12.20x (Enterprise Value 247b / FCF TTM -20.2b)
FCF Yield = -8.19% (FCF TTM -20.2b / Enterprise Value 247b)
FCF Margin = -28.95% (FCF TTM -20.2b / Revenue TTM 69.9b)
Net Margin = -0.56% (Net Income TTM -393.0m / Revenue TTM 69.9b)
Gross Margin = -10.62% ((Revenue TTM 69.9b - Cost of Revenue TTM 77.3b) / Revenue TTM)
Gross Margin QoQ = 10.90% (prev -59.10%)
Tobins Q-Ratio = 0.69 (Enterprise Value 247b / Total Assets 360b)
Interest Expense / Debt = 10.58% (Interest Expense 13.6b / Debt 128b)
Taxrate = 48.48% (2.47b / 5.09b)
NOPAT = 1.11b (EBIT 2.16b * (1 - 48.48%))
Current Ratio = 2.05 (Total Current Assets 116b / Total Current Liabilities 56.6b)
Debt / Equity = 1.06 (Debt 128b / totalStockholderEquity, last quarter 121b)
Debt / EBITDA = 4.05 (Net Debt 49.7b / EBITDA 12.3b)
Debt / FCF = -2.46 (negative FCF - burning cash) (Net Debt 49.7b / FCF TTM -20.2b)
Total Stockholder Equity = 98.2b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.12% (Net Income -393.0m / Total Assets 360b)
RoE = -0.40% (Net Income TTM -393.0m / Total Stockholder Equity 98.2b)
RoCE = 1.17% (EBIT 2.16b / Capital Employed (Equity 98.2b + L.T.Debt 86.8b))
RoIC = 0.37% (NOPAT 1.11b / Invested Capital 303b)
WACC = 5.09% (E(197b)/V(326b) * Re(4.86%) + D(128b)/V(326b) * Rd(10.58%) * (1-Tc(0.48)))
Discount Rate = 4.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 49.44 | Cagr: 66.37%
[DCF] Fair Price = unknown (Cash Flow -20.2b)
EPS Correlation: -56.83 | EPS CAGR: -33.44% | SUE: -0.19 | # QB: 0
Revenue Correlation: -34.71 | Revenue CAGR: -8.62% | SUE: 0.33 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.82 | Chg30d=+7.89% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=2.28 | Chg30d=+1.33% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=8.87 | Chg30d=-0.09% | Revisions=+17% | GrowthEPS=+184.4% | GrowthRev=+7.2%
EPS next Year (2027-12-31): EPS=9.64 | Chg30d=+1.53% | Revisions=+33% | GrowthEPS=+8.7% | GrowthRev=+8.2%
[Analyst] Revisions Ratio: +33%