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Cadeler A/S, (CADLR) Fair Value & Analysis

Industrials · NO · Market cap 22.9B NOK

CA Cadeler A/S, CADLR · OL
Pricekr 54.15
Fair Valuekr 10.55
Upside-80.5%
Quality95/100
Evidence: Medium Range kr 6.96 – kr 30.29

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 6 days ago

Share price −8.6% over the past month.

Price vs Fair Value (12 months)

kr 68.02 kr 40.03 Fair Value kr 10.55 Jun 2025 Jun 2026

12‑month range kr 40.03 – kr 68.02 · fair‑value band kr 6.96 – kr 30.29 · the kr 54.15 price screens above the kr 10.55 fair value. As of Jun 24, 2026.

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Analysis

Cadeler A/S, (CADLR) currently trades at kr 54.15, while our model-based Fair Value estimate is kr 10.55 — implying the stock looks roughly 80.5% overvalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Cadeler A/S, generated revenue of 680M NOK at a net margin of 39.9%. Revenue grew 90.5% year over year. It earns a return on equity of 18.7%. Net debt stands at 1.5B NOK. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 680M NOK
Revenue growth (YoY) +90.5%
Net margin 39.9%
Return on equity 18.7%
Free cash flow −843M NOK FY2025
P/E ratio 7.2
More key figures
Operating margin 6.2%
EPS (TTM) kr 8.20
EPS growth (YoY) +26.4%
Net debt 1.5B NOK FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Cadeler A/S, together with its subsidiaries, operates as an offshore wind installation vessel contractor in Denmark, the United Kingdom, Germany, Poland, rest of Europe, the United States, and Taiwan. The company engages in the transport and installation of offshore wind turbine generators, foundations, and topsides and substations; maintenance of offshore wind turbine generators, and offshore structures and platforms; and offshore construction within the renewable space. It is also involved offshore decommissioning within the renewable space; salvage assistance; and heavy lift and project cargo. In addition, the company owns and operates ten offshore jack-up windfarm installation vessels. Cadeler A/S was incorporated in 2008 and is headquartered in Copenhagen, Denmark.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cadeler A/S, reported revenue of kr 620M in FY2025 versus kr 60.9M in FY2021, a compound +78.6%/yr. Reported net income was kr 280M in FY2025, compounding +147.6%/yr from FY2021.

Revenue +78.6%/yr
FY21 kr 60.9M
FY22 kr 106M
FY23 kr 109M
FY24 kr 249M
FY25 kr 620M
Net income +147.6%/yr
FY21 kr 7.5M
FY22 kr 35.5M
FY23 kr 11.5M
FY24 kr 65.1M
FY25 kr 280M

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Frequently asked questions

Is Cadeler A/S, (CADLR) undervalued?
As of Jun 24, 2026, our model estimates a fair value of kr 10.55 versus a price of kr 54.15 — about −81% (overvalued). Model-based estimate, not financial advice.
What is the fair value of CADLR?
Our 21-model fair value for Cadeler A/S, is kr 10.55 (as of Jun 24, 2026), built from audited fundamentals. The current price is kr 54.15.
What is the quality score of CADLR?
Cadeler A/S, has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Cadeler A/S, (CADLR)?
Cadeler A/S, reported trailing-twelve-month revenue of about 680M NOK (latest available figure, as of Jun 24, 2026).
What is the net profit margin of CADLR?
The net profit margin of Cadeler A/S, is about 39.9%, meaning it keeps roughly 39.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.