Cadeler A/S (CDLR) AI Stock Analysis
CDLR AI stock analysis summary
AI ResearchCadeler A/S is a Copenhagen-based contractor specializing in the transportation, installation, and maintenance of offshore wind farms. The company achieved a 5-year revenue CAGR of 98.2% through FY2025, reaching $595.9M in revenue and an operating margin of 49.8%. However, heavy fleet investments pushed FY2025 free cash flow to -$862.5M and total debt to $1.60B as of June 30, 2026.
- Market cap
- $2.10B
- Revenue (TTM)
- $729.3M
- P/E
- 8.6x fwd 5.5x
- 1Y return
- 12.8% S&P 500 16.8%
- Avg. target
- $34.00 56.5% vs last close
Bull case
- Revenue expanded at a 5-year CAGR of 98.2% through FY2025, reaching $595.9M.
- Trailing operating margin was 40.1%, substantially above the US-listed Industrials peer median of 11.7%.
- Analyst revenue estimates anticipate continued expansion to $1.35B in FY2027, representing 37.7% growth.
Bear case
- Capital expenditures of $1.19B in FY2025 caused free cash flow to drop to -$862.5M.
- The balance sheet carried $1.60B in total debt as of June 30, 2026, resulting in net debt of $1.39B.
- Quarterly earnings fell 26.3% year-over-year in the quarter ended June 30, 2026.
What Cadeler A/S does
Established in 2008 and headquartered in Copenhagen, Denmark, Cadeler A/S is a contractor dedicated to the transportation and installation of offshore wind farms. The company delivers solutions covering wind farm construction, maintenance, decommissioning, and specialized marine and engineering services for offshore energy clients worldwide. Cadeler operates four offshore jack-up windfarm installation vessels designed to support safe and efficient execution across diverse offshore wind projects. With 1,126 employees, the company focuses on sustainability, operational excellence, and renewable energy infrastructure support.
Growth and profitability
Revenue expanded from $60.9M in FY2021 to $595.9M in FY2025, supported by 139.6% year-over-year top-line growth in FY2025. Gross margin reached 61.3% and operating margin rose to 49.8% in FY2025, yielding net income of $269.1M and diluted EPS of $3.68. Over the trailing twelve months ending June 30, 2026, revenue stood at $729.3M with an operating margin of 40.1% and a net profit margin of 27.5%. In the latest quarter ended June 30, 2026, revenue increased 21.3% year-over-year, while quarterly earnings declined 26.3%.
Balance sheet and cash flow
As of June 30, 2026, Cadeler held $206.2M in cash and short-term investments against $1.60B in total debt, leaving net debt at $1.39B. Shareholders' equity was $1.77B on total assets of $3.54B, resulting in a debt-to-equity ratio of 0.90 and a current ratio of 1.62. In FY2025, operating cash flow generated $324.4M, but capital expenditures of $1.19B led to free cash flow of -$862.5M. Share repurchases totaled $1.6M in FY2025, while share count grew 178.5% over five years.
Valuation and performance
At $21.73 per share, Cadeler had a market capitalization of $2.10B and an enterprise value of $4.00B. The stock traded at a trailing P/E of 8.6x and a forward P/E of 5.5x, below the median of its US-listed Industrials peers of 24.8x and 17.2x, respectively. Its EV/EBITDA multiple of 8.4x was lower than the peer median of 13.9x, while its price-to-sales ratio was 2.9x compared to the peer median of 1.5x. Over the past year, CDLR returned 12.8%, trailing the S&P 500 return of 16.8%.
What analysts expect
Wall Street coverage includes 1 Strong Buy rating, with no Buy, Hold, or Sell ratings. The mean price target of $34.00 implies upside of 56.5% over the last close of $21.73. Analysts project revenue of $978.3M for FY2026 ending December 31, 2026, and $1.35B for FY2027, representing 37.7% annual growth. Cadeler beat consensus EPS estimates in each of the past 4 quarters. The next earnings release is scheduled for November 19, 2026.
Key risks and what to watch
- Large vessel investments drove free cash flow to -$862.5M in FY2025, requiring continued external capital.
- Total debt reached $1.60B against $206.2M in cash as of June 30, 2026.
- The 5-year share count increased 178.5%, indicating significant equity dilution.
- The stock traded 9.7% below its 200-day moving average as of October 16, 2026.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this CDLR AI stock analysis
This page is an AI-written research summary of Cadeler A/S (CDLR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: CDLR income statement, CDLR balance sheet, CDLR key metrics, CDLR analyst forecast, CDLR chart. See the CDLR stock overview for the latest quote and news.
CDLR AI stock analysis FAQ
What does Cadeler A/S do?
Cadeler A/S is an offshore wind contractor headquartered in Copenhagen, Denmark. It provides transportation, installation, maintenance, and decommissioning services for offshore wind farms using its specialized fleet of jack-up vessels.
What is Cadeler's valuation relative to industrial peers?
CDLR traded at a forward P/E of 5.5x and an EV/EBITDA of 8.4x as of October 16, 2026. Both multiples sat below the US-listed Industrials peer medians of 17.2x and 13.9x, respectively.
How leveraged is Cadeler's balance sheet?
As of June 30, 2026, Cadeler carried $1.60B in total debt and $206.2M in cash, resulting in net debt of $1.39B. Its debt-to-equity ratio stood at 0.90, alongside a current ratio of 1.62.
What are analysts forecasting for Cadeler's revenue and stock price?
The sole covering analyst maintains a Strong Buy rating with a mean price target of $34.00, representing 56.5% upside from $21.73. Revenue is projected to reach $978.3M in FY2026 and $1.35B in FY2027.