CDLR - Cadeler A/S
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$37.00
DETAILS
HIGH:
$37.00
LOW:
$37.00
MEDIAN:
$37.00
CONSENSUS:
$37.00
UPSIDE:
71.46%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
40% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
22.5x
3.46$
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