VWS Stock Analysis: Vestas Wind Systems | CO
Specialty Industrial Machinery | CO, Denmark | Market Cap: 176.542m DKK | 12M Return: 67% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 389M
Qual. Beats: 0
Rev. Trend: 94.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 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 (VWS) is a Danish company that designs, manufactures, installs, and services wind turbines, operating in the United States, Denmark, and other international markets. The company reports through two business segments: Power Solutions, which covers onshore and offshore wind power plants, wind turbines, and development sites, and Service, which sells service contracts, spare parts, and related activities. Founded in 1898 and headquartered in Aarhus, Denmark, Vestas is classified as a Large Cap stock within the Industrials sector, specifically the Heavy Electrical Equipment sub-industry.
As one of the worlds largest wind turbine manufacturers, Vestas operates in the global renewable energy equipment market, where wind power capacity additions are driven by government policies, corporate decarbonization commitments, and the declining cost of wind-generated electricity. The companys business model combines upfront equipment sales with a recurring service revenue stream tied to its installed base of turbines, which typically provides longer-term, more stable cash flows than new turbine orders.
- US Inflation Reduction Act tax credits drive onshore order growth
- Offshore wind segment impairments pressure Power Solutions margins
- High-margin Service backlog expands with growing installed turbine base
- Chinese competitors intensify global turbine pricing pressure
| Net Income: 855.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -4.33 > 1.0 |
| NWC/Revenue: 2.48% < 20% (prev 1.35%; Δ 1.12% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.97b > Net Income 855.0m |
| Net Debt (25.9m) to EBITDA (5.56b): 0.00 < 3 |
| Current Ratio: 1.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.02b) vs 12m ago 1.73% < -2% |
| Gross Margin: 13.50% > 18% (prev 12.01%; Δ 1.49% > 0.5%) |
| Asset Turnover: 74.33% > 50% (prev 71.54%; Δ 2.80% > 0%) |
| Interest Coverage Ratio: 7.91 > 6 (EBIT TTM 1.15b / Interest Expense TTM 145.0m) |
| A: 0.02 (Total Current Assets 17.6b - Total Current Liabilities 17.2b) / Total Assets 26.7b |
| B: 0.15 (Retained Earnings 4.05b / Total Assets 26.7b) |
| C: 0.04 (EBIT TTM 1.15b / Avg Total Assets 26.0b) |
| D: 0.17 (Book Value of Equity 3.92b / Total Liabilities 22.8b) |
| Altman-Z'' = 1.09 = BB |
| DSRI: 1.12 (Receivables 6.18b/5.15b, Revenue 19.3b/18.1b) |
| GMI: 0.89 (GM 12.01% / 13.50%) |
| AQI: 0.91 (AQ_t 0.23 / AQ_t-1 0.25) |
| SGI: 1.07 (Revenue 19.3b / 18.1b) |
| TATA: -0.04 (NI 855.0m - CFO 1.97b) / TA 26.7b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of July 09, 2026, the stock is trading at DKK 175.10 with a total of 1,671,962 shares traded. Over the past week, the price has changed by -6.49%, over one month by +0.17%, over three months by -7.24% and over the past year by +67.02%.
Current recommended Stop Loss: 166.20 (which is 5.1% or 1.3 ATR below the current price).
Vestas Wind Systems has no consensus analysts rating.
Market Cap EUR = 23.6b (177b DKK * 0.1338 DKK.EUR)
P/E Trailing = 28.2575
P/E Forward = 26.8817
P/S = 9.1378
P/B = 6.2556
P/EG = 0.8091
Revenue TTM = 19.3b EUR
EBIT TTM = 1.15b EUR
EBITDA TTM = 5.56b EUR
Long Term Debt = 3.16b EUR (estimated: total debt 3.94b - short term 785.0m)
Short Term Debt = 785.0m EUR (from shortTermDebt, last quarter)
Debt = 4.39b EUR (from shortLongTermDebtTotal, last quarter) + Leases 446.0m
Net Debt = 25.9m EUR (calculated: Debt 4.39b - CCE 4.36b)
Enterprise Value = 23.6b EUR (23.6b + Debt 4.39b - CCE 4.36b)
Interest Coverage Ratio = 7.91 (Ebit TTM 1.15b / Interest Expense TTM 145.0m)
EV/FCF = 29.56x (Enterprise Value 23.6b / FCF TTM 800.0m)
FCF Yield = 3.38% (FCF TTM 800.0m / Enterprise Value 23.6b)
FCF Margin = 4.14% (FCF TTM 800.0m / Revenue TTM 19.3b)
Net Margin = 4.43% (Net Income TTM 855.0m / Revenue TTM 19.3b)
Gross Margin = 13.50% ((Revenue TTM 19.3b - Cost of Revenue TTM 16.7b) / Revenue TTM)
Gross Margin QoQ = 11.88% (prev 15.14%)
Tobins Q-Ratio = 0.89 (Enterprise Value 23.6b / Total Assets 26.7b)
Interest Expense / Debt = 3.30% (Interest Expense 145.0m / Debt 4.39b)
Taxrate = 24.82% (279.0m / 1.12b)
NOPAT = 861.9m (EBIT 1.15b * (1 - 24.82%))
Current Ratio = 1.03 (Total Current Assets 17.6b / Total Current Liabilities 17.2b)
Debt / Equity = 1.12 (Debt 4.39b / totalStockholderEquity, last quarter 3.92b)
Debt / EBITDA = 0.00 (Net Debt 25.9m / EBITDA 5.56b)
Debt / FCF = 0.03 (Net Debt 25.9m / FCF TTM 800.0m)
Total Stockholder Equity = 3.59b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.29% (Net Income 855.0m / Total Assets 26.7b)
RoE = 23.82% (Net Income TTM 855.0m / Total Stockholder Equity 3.59b)
RoCE = 16.99% (EBIT 1.15b / Capital Employed (Equity 3.59b + L.T.Debt 3.16b))
RoIC = 9.20% (NOPAT 861.9m / Invested Capital 9.37b)
WACC = 6.39% (E(23.6b)/V(28.0b) * Re(7.12%) + D(4.39b)/V(28.0b) * Rd(3.30%) * (1-Tc(0.25)))
Discount Rate = 7.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 25.61 | Cagr: 1.27%
[DCF] Terminal Value 73.10% ; FCFF base≈1.22b ; Y1≈1.07b ; Y5≈864.7m
[DCF] Fair Price = 14.12 (EV 13.9b - Net Debt 25.9m = Equity 13.9b / Shares 980.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.83 | # QB: 0
Revenue Correlation: 94.68 | Revenue CAGR: 11.21% | SUE: 0.45 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=+4.30% | Revisions=+38% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.40 | Chg30d=+1.79% | Revisions=-12% | Analysts=6
EPS current Year (2026-12-31): EPS=1.15 | Chg30d=+0.73% | Revisions=+24% | GrowthEPS=+40.7% | GrowthRev=+13.2%
EPS next Year (2027-12-31): EPS=1.47 | Chg30d=+1.99% | Revisions=+40% | GrowthEPS=+28.6% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +31% (up=24, down=12)