VWS Stock Analysis: Vestas Wind Systems | CO
Specialty Industrial Machinery | CO, Denmark | Market Cap: 190.427m DKK | 12M Return: 45% | DK0061539921 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 430M
Qual. Beats: 1
Rev. Trend: 95.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Vestas Wind Systems A/S is a Danish manufacturer of wind turbines, organized into two main segments: Power Solutions, which covers the sale of onshore and offshore wind turbines and the development of wind power plants, and Service, which provides service contracts, spare parts, and related aftermarket activities. Founded in 1898 and headquartered in Aarhus, Denmark, the company operates globally with a presence in the United States and other international markets. As one of the worlds largest wind turbine original equipment manufacturers (OEMs), Vestas plays a leading role in the global wind energy supply chain. The Service segment is a strategically important part of its business model, as multi-year maintenance contracts typically generate more predictable, recurring revenue compared to the more cyclical sale of new turbines. The company is classified within the Heavy Electrical Equipment sub-industry of the broader Industrials sector.
- US IRA tax credits accelerate US onshore wind orders
- Service backlog grows as installed turbine fleet ages
- Offshore wind pricing pressure intensifies from Siemens Gamesa competition
| Net Income: 1.10b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.06 > 1.0 |
| NWC/Revenue: -2.26% < 20% (prev -3.81%; Δ 1.55% < -1%) |
| CFO/TA 0.09 > 3% & CFO 2.28b > Net Income 1.10b |
| Net Debt (354.0m) to EBITDA (4.31b): 0.08 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.00b) vs 12m ago -6.25% < -2% |
| Gross Margin: 14.70% > 18% (prev 13.13%; Δ 1.57% > 0.5%) |
| Asset Turnover: 77.67% > 50% (prev 72.53%; Δ 5.14% > 0%) |
| Interest Coverage Ratio: 10.52 > 6 (EBIT TTM 1.53b / Interest Expense TTM 145.0m) |
| A: -0.02 (Total Current Assets 16.5b - Total Current Liabilities 17.0b) / Total Assets 26.7b |
| B: 0.15 (Retained Earnings 4.10b / Total Assets 26.7b) |
| C: 0.06 (EBIT TTM 1.53b / Avg Total Assets 26.1b) |
| D: 0.17 (Book Value of Equity 3.96b / Total Liabilities 22.8b) |
| Altman-Z'' = 0.96 = BB |
| DSRI: 1.17 (Receivables 6.68b/5.23b, Revenue 20.3b/18.5b) |
| GMI: 0.89 (GM 13.13% / 14.70%) |
| AQI: 1.04 (AQ_t 0.26 / AQ_t-1 0.25) |
| SGI: 1.10 (Revenue 20.3b / 18.5b) |
| TATA: -0.04 (NI 1.10b - CFO 2.28b) / TA 26.7b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of October 09, 2026, the stock is trading at DKK 186.90 with a total of 1,681,986 shares traded. Over the past week, the price has changed by -1.48%, over one month by -14.70%, over three months by +6.74% and over the past year by +45.00%.
Current recommended Stop Loss: 178.40 (which is 4.5% or 1.2 ATR below the current price).
Vestas Wind Systems has no consensus analysts rating.
Market Cap EUR = 25.5b (190b DKK * 0.13376 DKK.EUR)
P/E Trailing = 23.7591
P/E Forward = 16.5837
P/S = 9.3816
P/B = 6.8382
P/EG = 0.5454
Revenue TTM = 20.3b EUR
EBIT TTM = 1.53b EUR
EBITDA TTM = 4.31b EUR
Long Term Debt = 3.20b EUR (estimated: total debt 3.54b - short term 332.0m)
Short Term Debt = 332.0m EUR (from shortTermDebt, last quarter)
Debt = 3.98b EUR (from shortLongTermDebtTotal, last quarter) + Leases 446.0m
Net Debt = 354.0m EUR (calculated: Debt 3.98b - CCE 3.63b)
Enterprise Value = 25.8b EUR (25.5b + Debt 3.98b - CCE 3.63b)
Interest Coverage Ratio = 10.52 (Ebit TTM 1.53b / Interest Expense TTM 145.0m)
EV/FCF = 21.51x (Enterprise Value 25.8b / FCF TTM 1.20b)
FCF Yield = 4.65% (FCF TTM 1.20b / Enterprise Value 25.8b)
FCF Margin = 5.92% (FCF TTM 1.20b / Revenue TTM 20.3b)
Net Margin = 5.43% (Net Income TTM 1.10b / Revenue TTM 20.3b)
Gross Margin = 14.70% ((Revenue TTM 20.3b - Cost of Revenue TTM 17.3b) / Revenue TTM)
Gross Margin QoQ = 16.77% (prev 11.88%)
Tobins Q-Ratio = 0.97 (Enterprise Value 25.8b / Total Assets 26.7b)
Interest Expense / Debt = 3.64% (Interest Expense 145.0m / Debt 3.98b)
Taxrate = 24.57% (357.0m / 1.45b)
NOPAT = 1.15b (EBIT 1.53b * (1 - 24.57%))
Current Ratio = 0.97 (Total Current Assets 16.5b / Total Current Liabilities 17.0b)
Debt / Equity = 1.01 (Debt 3.98b / totalStockholderEquity, last quarter 3.96b)
Debt / EBITDA = 0.08 (Net Debt 354.0m / EBITDA 4.31b)
Debt / FCF = 0.29 (Net Debt 354.0m / FCF TTM 1.20b)
Total Stockholder Equity = 3.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.22% (Net Income 1.10b / Total Assets 26.7b)
RoE = 29.01% (Net Income TTM 1.10b / Total Stockholder Equity 3.80b)
RoCE = 21.78% (EBIT 1.53b / Capital Employed (Equity 3.80b + L.T.Debt 3.20b))
RoIC = 12.73% (NOPAT 1.15b / Invested Capital 9.04b)
WACC = 7.40% (E(25.5b)/V(29.5b) * Re(8.13%) + D(3.98b)/V(29.5b) * Rd(3.64%) * (1-Tc(0.25)))
Discount Rate = 8.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 18.54 | Cagr: -0.44%
[DCF] Terminal Value 76.19% ; FCFF base≈1.17b ; Y1≈1.24b ; Y5≈1.44b
[DCF] Fair Price = 22.40 (EV 22.2b - Net Debt 354.0m = Equity 21.8b / Shares 975.0m; r=8.35% [WACC [floored]]; 5y FCF grow 5.90% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.45 | # QB: 1
Revenue Correlation: 95.74 | Revenue CAGR: 12.06% | SUE: 0.53 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.41 | Chg30d=-3.46% | Revisions=+38% | Analysts=6
EPS current Year (2026-12-31): EPS=1.34 | Chg30d=+0.28% | Revisions=+40% | GrowthEPS=+64.3% | GrowthRev=+13.7%
EPS next Year (2027-12-31): EPS=1.65 | Chg30d=+0.05% | Revisions=+40% | GrowthEPS=+23.5% | GrowthRev=+6.8%
[Analyst] Revisions Ratio: +58% (up=8, down=1)