CDLR - Cadeler A/S
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$37.00
DETAILS
HIGH:
$37.00
LOW:
$37.00
MEDIAN:
$37.00
CONSENSUS:
$37.00
UPSIDE:
65.55%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 595.9 | 248.7 | 108.6 | 106.4 | 60.9 | 19.5 | 38.4 | 71.9 | 44.9 | 71.0 |
| Cost of Revenue | 230.8 | 127.2 | 56.0 | 50.3 | 39.0 | 45.9 | 44.8 | 65.5 | 49.9 | 58.1 |
| Gross Profit | 365.1 | 121.5 | 52.6 | 56.1 | 21.9 | (26.4) | (6.4) | 6.4 | (4.9) | 13.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 51.6 | 25.1 | 13.9 | 10.3 | 9.1 | 6.9 | 3.8 | 3.2 | 2.9 |
| Other Expenses | 68.3 | 0.5 | 13.1 | 1.0 | 0.4 | 0.4 | 0.4 | 0 | 0 | 0 |
| Operating Expenses | 68.3 | 52.0 | 38.2 | 14.9 | 10.8 | 9.5 | 7.2 | 3.8 | 3.2 | 2.9 |
| Operating Income | ||||||||||
| Operating Income | 296.8 | 69.4 | 14.4 | 41.2 | 11.1 | (35.9) | (13.6) | 2.6 | (8.1) | 10.0 |
| Interest Expense | 23.0 | 2.8 | 2.9 | 1.5 | 3.4 | 4.3 | 5.7 | 5.7 | 0.1 | 0.9 |
| Interest Income | 1.6 | 3.3 | 1.4 | 0.2 | 0.4 | 7.7 | 0 | 0.2 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | 402.8 | 125.3 | 49.7 | 58.8 | 27.1 | (32.0) | (13.6) | 2.6 | (8.1) | 10.0 |
| EBIT | 299.5 | 70.3 | 27.1 | 37.1 | 10.9 | (35.9) | (13.6) | 2.5 | (8.2) | 10.0 |
| Income Before Tax | 276.5 | 67.5 | 11.5 | 35.5 | 7.4 | (27.0) | (22.2) | 2.6 | (7.9) | 9.1 |
| Income Tax Expense | 7.4 | 2.4 | 0 | 0 | (0.0) | (0.0) | 1.6 | 1.7 | 1.6 | 2.0 |
| Net Income | 269.1 | 65.1 | 11.5 | 35.5 | 7.5 | (27.0) | (23.8) | 0.9 | (6.4) | 7.1 |
| Per Share Data | ||||||||||
| EPS (Basic) | 3.08 | 0.76 | 0.23 | 0.88 | 0.23 | -3.88 | -2.44 | -0.68 | -8.16 | – |
| EPS (Diluted) | 3.04 | 0.76 | 0.23 | 0.88 | 0.23 | -3.88 | -2.44 | -0.68 | -8.16 | – |
| Shares Outstanding | 87.6 | 86.5 | 50.3 | 40.8 | 32.8 | 6.5 | 9.6 | 9.6 | 0.8 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 151.6 | 58.5 | 96.6 | 19.0 | 2.3 | 63.6 | 1.2 | 0.4 | 0.8 | 0.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 220.9 | 100.6 | 39.6 | 37.6 | 20.4 | 7.0 | 14.9 | 12.6 | 3.1 | 5.9 |
| Inventory | 3.5 | 1.0 | 1.8 | 0.5 | 0.4 | 0.3 | 0.3 | 0.8 | 0.6 | 0.7 |
| Other Current Assets | 0.3 | 11.9 | (0.1) | 0.6 | 0.0 | 12.5 | 1.5 | 12.2 | 20.8 | 22.6 |
| Total Current Assets | 389.8 | 188.6 | 147.4 | 59.5 | 24.6 | 83.5 | 18.0 | 26.1 | 25.5 | 29.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,948.4 | 1,722.6 | 1,086.6 | 606.5 | 399.6 | 253.1 | 249.8 | 108.5 | 124.0 | 0.1 |
| Goodwill | 17.8 | 17.8 | 16.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.7 | 0.4 | 0.2 | 0.4 | 0.4 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 2.4 | 6.8 | 0.3 | 3.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 55.2 | 0.8 | 1.2 | 0.6 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 |
| Total Non-Current Assets | 3,025.4 | 1,748.4 | 1,105.1 | 610.5 | 400.1 | 253.3 | 250.0 | 108.7 | 124.3 | 0.1 |
| Total Assets | 3,415.2 | 1,937.0 | 1,252.6 | 670.0 | 424.8 | 336.8 | 268.0 | 134.8 | 149.7 | 29.4 |
| Current Liabilities | ||||||||||
| Account Payables | 22.4 | 11.6 | 8.4 | 4.0 | 2.8 | 4.4 | 1.3 | 1.8 | 1.7 | 0.2 |
| Short-Term Debt | 116.1 | 31.2 | 0.8 | 0.8 | 28.6 | 9.6 | 10.8 | 14.5 | 18.5 | 0 |
| Deferred Revenue | 128.7 | 45.6 | 0 | 1.8 | 22.2 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 79.1 | 1.1 | 43.8 | 5.3 | 0.0 | 6.0 | (10.8) | 6.5 | 7.1 | 3.2 |
| Total Current Liabilities | 350.9 | 123.6 | 53.6 | 11.8 | 53.9 | 25.6 | 31.2 | 22.9 | 27.3 | 3.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 1,494.6 | 539.9 | 204.8 | 114.2 | 44.5 | 63.9 | 0 | 101.2 | 105.4 | 0 |
| Deferred Tax Liabilities | 13.3 | 12.0 | 10.2 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 10.6 | 16.2 | 22.8 | 2.1 | (0.0) | 0 | 0 | 0 | 0 | 2.5 |
| Total Non-Current Liabilities | 1,561.3 | 579.5 | 239.9 | 117.7 | 45.7 | 70.1 | 93.0 | 101.2 | 105.4 | 2.5 |
| Total Liabilities | 1,912.2 | 703.1 | 293.5 | 129.5 | 99.5 | 95.7 | 124.3 | 124.2 | 132.7 | 5.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 47.1 | 47.1 | 41.8 | 26.6 | 18.6 | 15.6 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 341.5 | 59.4 | (7.4) | 3.1 | (32.8) | (40.2) | (13.2) | 10.6 | 16.9 | 23.4 |
| Accumulated Other Comprehensive Income | 18.4 | 29.2 | (28.3) | 1.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,503.0 | 1,233.9 | 959.0 | 540.6 | 325.3 | 241.1 | (13.1) | 10.7 | 17.0 | 23.5 |
| Total Liabilities & Equity | 3,415.2 | 1,937.0 | 1,252.6 | 670.0 | 424.8 | 336.8 | 268.0 | 134.8 | 149.7 | 29.4 |
| Debt Metrics | ||||||||||
| Total Debt | 1,623.6 | 582.0 | 206.6 | 115.3 | 73.6 | 74.3 | 114.3 | 115.6 | 123.9 | 0 |
| Net Debt | 1,472.0 | 523.5 | 110.0 | 96.3 | 71.3 | 10.7 | 113.1 | 115.2 | 123.1 | (0.0) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 280.2 | 65.1 | 11.5 | 35.5 | 7.5 | (27.0) | (23.8) | (6.3) | (6.4) | 7.1 |
| Depreciation & Amortization | 107.5 | 56.6 | 23.0 | 22.7 | 16.5 | 15.5 | 15.6 | 15.6 | 0 | 0 |
| Stock-Based Compensation | 2.1 | 1.7 | 1.1 | 0.4 | (0.3) | 0.2 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (15.9) | (32.5) | 20.2 | (30.5) | 1.9 | 10.2 | (3.7) | (10.2) | 0 | 0 |
| Other Non-Cash Items | (57.1) | 1.0 | 1.8 | 0.9 | 4.5 | (6.6) | 9.8 | 13.0 | 6.4 | (7.1) |
| Operating Cash Flow | 324.4 | 93.1 | 63.4 | 29.0 | 30.2 | (9.6) | (2.0) | 12.2 | 0 | 0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (1,186.9) | (616.0) | (66.9) | (225.4) | (163.4) | (256.1) | (0.1) | (0.2) | 0 | 0 |
| Acquisitions | 0 | 0 | 10.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (0.1) | (0.2) | 1.8 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 |
| Investing Cash Flow | (1,214.3) | (615.7) | (54.7) | (225.4) | (163.4) | (256.1) | (0.1) | 0.0 | 0 | 0 |
| Financing Activities | ||||||||||
| Net Debt Issuance | 1,027.9 | 353.4 | 84.4 | 39.2 | (1.3) | 73.3 | (14.8) | 0 | 0 | 0 |
| Stock Repurchased | (1.6) | (1.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (42.5) | (25.1) | (6.6) | (9.4) | (6.1) | (18.9) | 17.7 | (12.6) | 0 | 0 |
| Financing Cash Flow | 983.7 | 482.0 | 70.3 | 213.1 | 71.8 | 338.8 | 2.9 | (12.6) | 0 | 0 |
| Cash Position | ||||||||||
| Net Change in Cash | 100.1 | (38.1) | 77.6 | 16.7 | (61.3) | 62.4 | 0.8 | (0.4) | 0 | 0 |
| Cash at Beginning | 51.5 | 96.6 | 19.0 | 2.3 | 63.6 | 1.2 | 0.4 | 0.8 | 0 | 0 |
| Cash at End | 151.6 | 58.5 | 96.6 | 19.0 | 2.3 | 63.6 | 1.2 | 0.4 | 0.8 | 0 |
| Free Cash Flow | (862.5) | (522.9) | (3.5) | (196.4) | (133.2) | (265.7) | (2.1) | 12.0 | 0 | 0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 595.9 | 248.7 | 108.6 | 106.4 | 60.9 | 19.5 | 38.4 | 71.9 | 44.9 | 71.0 |
| Gross Profit | 365.1 | 121.5 | 52.6 | 56.1 | 21.9 | (26.4) | (6.4) | 6.4 | (4.9) | 13.0 |
| Operating Income | 296.8 | 69.4 | 14.4 | 41.2 | 11.1 | (35.9) | (13.6) | 2.6 | (8.1) | 10.0 |
| Net Income | 269.1 | 65.1 | 11.5 | 35.5 | 7.5 | (27.0) | (23.8) | 0.9 | (6.4) | 7.1 |
| EPS (Diluted) | 3.04 | 0.76 | 0.23 | 0.88 | 0.23 | -3.88 | -2.44 | -0.68 | -8.16 | – |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 151.6 | 58.5 | 96.6 | 19.0 | 2.3 | 63.6 | 1.2 | 0.4 | 0.8 | 0.0 |
| Total Assets | 3,415.2 | 1,937.0 | 1,252.6 | 670.0 | 424.8 | 336.8 | 268.0 | 134.8 | 149.7 | 29.4 |
| Total Debt | 1,623.6 | 582.0 | 206.6 | 115.3 | 73.6 | 74.3 | 114.3 | 115.6 | 123.9 | 0 |
| Stockholders' Equity | 1,503.0 | 1,233.9 | 959.0 | 540.6 | 325.3 | 241.1 | (13.1) | 10.7 | 17.0 | 23.5 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 324.4 | 93.1 | 63.4 | 29.0 | 30.2 | (9.6) | (2.0) | 12.2 | 0 | 0 |
| Capital Expenditure | (1,186.9) | (616.0) | (66.9) | (225.4) | (163.4) | (256.1) | (0.1) | (0.2) | 0 | 0 |
| Free Cash Flow | (862.5) | (522.9) | (3.5) | (196.4) | (133.2) | (265.7) | (2.1) | 12.0 | 0 | 0 |