Cadeler A/S logo CDLR - Cadeler A/S

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 1
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $37.00 DETAILS
HIGH: $37.00
LOW: $37.00
MEDIAN: $37.00
CONSENSUS: $37.00
UPSIDE: 71.46%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong
Trading 72.3% below fair value
Current Price $21.58
Bear Case $62.33 188.8% upside ($62.33 - $21.58) / $21.58 = 188.8% $3.46 × 18x P/E
Fair Value $77.91 261.0% upside ($77.91 - $21.58) / $21.58 = 261.0% $3.46 × 22x P/E
Bull Case $93.49 333.2% upside ($93.49 - $21.58) / $21.58 = 333.2% $3.46 × 27x P/E

Adjust Assumptions

22.5x
3.46$

Key Value Driver

Normalized P/E multiple (22x base case)

Implied Market Multiple 6.2x

Plain-Language Summary

Applying a 22x P/E to adjusted EPS of $3.46, the base-case value is $77.91 per share.

Warnings

Financial statements were converted from EUR into USD using EURUSD at 1.1384 USD per EUR.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples