CADLR Stock Analysis: Cadeler As | OL
Engineering & Construction | OL, Norway | Market Cap: 20.683m NOK | 12M Return: 13.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.1M
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.6 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.
Cadeler A/S is a Denmark-based offshore wind installation vessel contractor that transports and installs wind turbine generators, foundations, and substations for offshore wind farms. The company operates across Europe, the United States, and Taiwan, and complements its core installation work with maintenance services for offshore wind turbines and structures, as well as decommissioning, salvage assistance, and heavy lift operations within the renewable energy sector. Cadeler owns and operates a fleet of ten specialized jack-up vessels - self-elevating ships designed to lift their hulls above the water on legs to provide a stable platform for installing and servicing turbines in open-sea conditions. Founded in 2008 and headquartered in Copenhagen, Cadeler sits within the marine transportation sub-industry, serving as a critical link in the offshore wind supply chain where demand for installation capacity has grown alongside the expansion of utility-scale offshore wind projects.
- Offshore wind buildout drives record vessel backlog and utilization
- New fleet deliveries ramp up amid surging installation demand
- Rising competition and day rate pressure threaten profit margins
| Net Income: 336.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.13 > 0.02 and ΔFCF/TA 23.13 > 1.0 |
| NWC/Revenue: 11.94% < 20% (prev 13.21%; Δ -1.27% < -1%) |
| CFO/TA 0.20 > 3% & CFO 701.5m > Net Income 336.0m |
| Net Debt (-208.2m) to EBITDA (528.2m): -0.39 < 3 |
| Current Ratio: 1.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (386.0m) vs 12m ago 10.00% < -2% |
| Gross Margin: 58.18% > 18% (prev 51.95%; Δ 6.22% > 0.5%) |
| Asset Turnover: 27.80% > 50% (prev 11.98%; Δ 15.82% > 0%) |
| Interest Coverage Ratio: 8.89 > 6 (EBIT TTM 400.4m / Interest Expense TTM 45.0m) |
| A: 0.03 (Total Current Assets 425.6m - Total Current Liabilities 326.1m) / Total Assets 3.54b |
| B: 0.09 (Retained Earnings 335.2m / Total Assets 3.54b) |
| C: 0.13 (EBIT TTM 400.4m / Avg Total Assets 3.00b) |
| D: 0.91 (Book Value of Equity 1.68b / Total Liabilities 1.85b) |
| Altman-Z'' = 2.34 = BBB |
| DSRI: 0.40 (Receivables 145.5m/129.9m, Revenue 833.9m/295.1m) |
| GMI: 0.89 (GM 51.95% / 58.18%) |
| AQI: 2.49 (AQ_t 0.02 / AQ_t-1 0.01) |
| SGI: 2.83 (Revenue 833.9m / 295.1m) |
| TATA: -0.10 (NI 336.0m - CFO 701.5m) / TA 3.54b) |
| Beneish M = -1.44 (Cap -4..+1) = D |
As of July 04, 2026, the stock is trading at NOK 57.55 with a total of 427,239 shares traded. Over the past week, the price has changed by +8.08%, over one month by +0.00%, over three months by -1.12% and over the past year by +13.40%.
Current recommended Stop Loss: 53.90 (which is 6.3% or 1.9 ATR below the current price).
Cadeler As has no consensus analysts rating.
Market Cap EUR = 1.84b (20.7b NOK * 0.0888 NOK.EUR)
P/E Trailing = 6.3059
P/E Forward = 7.4906
P/S = 31.2577
P/B = 1.0758
Revenue TTM = 833.9m EUR
EBIT TTM = 400.4m EUR
EBITDA TTM = 528.2m EUR
Long Term Debt = 1.46b EUR (from longTermDebt, last quarter)
Short Term Debt = 124.5m EUR (from shortLongTermDebt, last quarter)
Debt = 13.1m EUR (Leases only: 13.1m)
Net Debt = -208.2m EUR (calculated: Debt 13.1m - CCE 221.3m)
Enterprise Value = 1.63b EUR (1.84b + Debt 13.1m - CCE 221.3m)
Interest Coverage Ratio = 8.89 (Ebit TTM 400.4m / Interest Expense TTM 45.0m)
EV/FCF = -3.65x (Enterprise Value 1.63b / FCF TTM -445.6m)
FCF Yield = -27.36% (FCF TTM -445.6m / Enterprise Value 1.63b)
FCF Margin = -53.44% (FCF TTM -445.6m / Revenue TTM 833.9m)
Net Margin = 40.29% (Net Income TTM 336.0m / Revenue TTM 833.9m)
Gross Margin = 58.18% ((Revenue TTM 833.9m - Cost of Revenue TTM 348.8m) / Revenue TTM)
Gross Margin QoQ = 21.46% (prev 57.58%)
Tobins Q-Ratio = 0.46 (Enterprise Value 1.63b / Total Assets 3.54b)
Interest Expense / Debt = 344.5% (Interest Expense 45.0m / Debt 13.1m)
Taxrate = 2.56% (8.83m / 344.8m)
NOPAT = 390.1m (EBIT 400.4m * (1 - 2.56%))
Current Ratio = 1.31 (Total Current Assets 425.6m / Total Current Liabilities 326.1m)
Debt / Equity = 0.01 (Debt 13.1m / totalStockholderEquity, last quarter 1.68b)
Debt / EBITDA = -0.39 (Net Debt -208.2m / EBITDA 528.2m)
Debt / FCF = 0.47 (negative FCF - burning cash) (Net Debt -208.2m / FCF TTM -445.6m)
Total Stockholder Equity = 1.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.20% (Net Income 336.0m / Total Assets 3.54b)
RoE = 22.39% (Net Income TTM 336.0m / Total Stockholder Equity 1.50b)
RoCE = 13.54% (EBIT 400.4m / Capital Employed (Equity 1.50b + L.T.Debt 1.46b))
RoIC = 12.32% (NOPAT 390.1m / Invested Capital 3.17b)
WACC = 7.82% (E(1.84b)/V(1.85b) * Re(7.88%) + (debt cost/tax rate unavailable))
Discount Rate = 7.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 62.86 | Cagr: 27.82%
[DCF] Fair Price = unknown (Cash Flow -445.6m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.91 | # QB: -1
Revenue Correlation: 91.15 | Revenue CAGR: 75.11% | SUE: -0.04 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.20 | Chg30d=N/A | Revisions=+25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.22 | Chg30d=N/A | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=0.61 | Chg30d=-9.81% | Revisions=-17% | GrowthEPS=-23.2% | GrowthRev=+43.8%
EPS next Year (2027-12-31): EPS=1.21 | Chg30d=-3.99% | Revisions=+0% | GrowthEPS=+98.8% | GrowthRev=+37.2%
[Analyst] Revisions Ratio: +0% (up=4, down=4)