Cadeler A/S Sponsored ADR CDLR

23.51 0.06 0.26% as of 25 Sep
Market cap
$2.3B
P/E
0.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 2,260.00
Revenue 306.93
Net Income 562.31
Free Cash Flow (1,029.60)
Net Debt 1,620.11
Current Ratio 1.62
Debt/Equity 0.90
P/E ratio 0.00
P/S ratio 6.75
P/B ratio 1.00
Past 5Y EPS Growth —
This Y EPS Growth (25.64%)
Next Y EPS Growth 78.86%
Next 5Y EPS Growth (2.19%)
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 105 76 172 245
Receivables 33 68 157 145
Inventory 2 1 4 5
Other 10 41 93 108
160 204 441 523
2023 2024 2025 Q'26
Payables 35 47 111 81
ST’ Debt 1 34 131 155
Other 7 1 3 1
58 134 397 322
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 95.62% 85.97%
Cash Flow — 0.00% 165.42%
Earnings — 0.00% 105.72%
Book Value — 41.87% 43.45%

Revenue

Mar Jun Sep Dec Year
’26 146 — — — —
’25 69 — — — 702
’24 21 — — — 269
’23 — 71 — — 118
’22 — 43 — 66 109
’21 — 38 — 33 70
’20 — — — — 25
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 49 43 — — —
’25 21 60 334 — 446
’24 14 4 49 — 101
’23 — 17 — 69 69
’22 — 27 — (3) 24
’21 — 18 — 13 30
’20 — — — — (17)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (57) (5) — — —
’25 (470) (213) (755) — (954)
’24 (96) (204) (555) — (566)
’23 — 17 — (2) (2)
’22 — 27 — (3) 24
’21 — 18 — 13 30
’20 — — — — (17)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.09) — — — —
’25 0.04 — — — 3.57
’24 (0.26) — — — 0.82
’23 — 0.16 — — 0.26
’22 — 0.07 — 0.16 0.22
’21 — 0.05 — 0.02 0.07
’20 — — — — (1.31)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — 16.52 16.29 15.37

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — 18.91 28.75 23.09
High Price
— — — — — — — 570 659 1,073
Employees
— — 0 0 0 0 0 0 0 1
Revenue/Emp
— — 79 43 25 70 109 118 269 702
Revenue
— — 22.09% (17.20%) (136.84%) 35.54% 52.51% 44.89% 50.06% 61.84%
Gross Margin
— — (5) (25) (34) 9 36 12 73 326
EBT
— — (6.40%) (57.94%) (138.76%) 12.28% 33.36% 10.59% 27.13% 46.40%
EBT Margin
— — (7) (27) (34) 9 36 12 70 317
Net Income
— — 17 18 19 19 23 25 61 122
Depreciation
— — 2.08 1.13 0.94 0.54 0.67 2.34 3.11 8.01
Revenue/Sh
— — (0.18) (0.69) (1.31) 0.07 0.22 0.26 0.82 3.62
Earnings/Sh
— — 0.19 (0.21) (0.66) 0.23 0.15 1.36 1.16 5.09
Cash Flow/Sh
— — 0.00 0.00 0.00 0.00 0.00 (1.40) (7.71) (15.97)
Capex/Sh
— — 0.19 (0.21) (0.66) 0.23 0.15 (0.04) (6.54) (10.88)
Free CF/Sh
— — 0.32 (0.39) 11.39 2.82 3.54 20.62 15.44 19.41
Book Value/Sh
— — 38 38 26 131 163 50 86 88
Shares
— — 43.45 43.45 43.45 43.45 43.45 44.19 184.09 195.68
PE Ratio
— — 16.22 16.22 16.22 16.22 16.22 16.50 9.63 3.70
PS Ratio
— — 5.65 5.65 5.65 5.65 5.65 3.39 1.55 0.50
PB Ratio
— — 16.72 16.72 16.72 16.72 16.72 17.06 12.35 9.96
EV/Sales
— — 66.82 66.82 66.82 66.82 66.82 33.33 (2.90) (1.13)
EV/FCF
— — 7 (8) (17) 30 24 69 101 446
Op' Cash Flow
— — 0 0 (322) (188) (231) (70) (667) (1,400)
Capex
— — 7 (8) (17) 30 24 (2) (566) (954)
FCF
— — 4 (15) 71 (33) 51 102 70 44
Working Cap'
— — 132 116 91 84 123 223 628 1,837
Total Debt
— — 131 115 13 81 103 118 552 1,665
Net Debt
— — 12 (15) 296 370 576 1,038 1,335 1,701
Sh' Equity
— — 0.00% (19.13%) (12.63%) 1.92% 6.08% 1.20% 4.08% 10.63%
ROA
— — 0.00% 0.00% 0.00% 0.00% 0.00% 0.84% 2.49% 6.68%
ROIC
— — 0.00% 2,136.77% (24.17%) 2.59% 7.70% 1.54% 5.93% 20.88%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026

Cadeler A/S Sponsored ADR peers in Engineering & Construction

All 51 Engineering & Construction stocks →

Cadeler A/S Sponsored ADR (CDLR) key facts

  • Cadeler A/S Sponsored ADR (CDLR) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
  • Cadeler A/S Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was NOK 701.9 million, up 160.8% from fiscal 2024.
  • Net income was NOK 317.0 million, or NOK 3.62 per share (basic), a net margin of 45.2%.
  • As of September 25, 2026, CDLR traded at $23.51, a market capitalization of $2.3 billion.
  • Return on equity was 20.9% and debt-to-equity 0.90.

Source: company filings (standardised) and stockrow calculations.

Cadeler A/S Sponsored ADR (CDLR) Latest News

News by impact score

Fine-tune

22 Sep

3

Cadeler and Vattenfall Vindkraft signed a memorandum of understanding to develop new operations and maintenance (O&M) solutions for offshore wind, focusing on expanding Major Component Exchange (MCE) capabilities. By combining their operational experience and service approaches, the partners aim to create efficient, scalable maintenance procedures that improve long-term turbine performance and reliability across multiple platforms. The MoU responds to growing numbers and maturity of offshore wind turbines, seeking concepts and methods to boost maintenance efficiency, safety, and adaptability, and enable more predictable asset management. Nexra, Cadeler’s offshore wind service platform, will be central to the collaboration. Cadeler’s recent acquisition of Menck (for about $578.1 million) underpins its expansion into foundation installation and related services. The effort reflects a push to lower life-cycle costs and sustain long-term affordable offshore wind operation. An exploratory MoU could modestly influence Cadeler's long-term O&M capabilities and asset performance potential, but no near-term revenue impact is guaranteed.

21 Sep

4

Cadeler A/S, via its offshore wind service platform Nexra, and Vattenfall Vindkraft AB signed a memorandum of understanding to jointly explore next-generation operations and maintenance solutions for offshore wind. The collaboration centers on Major Component Exchange (MCE) capabilities, aiming to combine Cadeler's installation and service experience with Vattenfall's asset-management know-how to design more efficient, safe, and scalable maintenance across turbine platforms. With offshore wind fleets expanding, efficient maintenance and access to specialised MCE capacity are seen as essential for asset performance and lower lifecycle costs. Nexra and Vattenfall will study concepts to improve maintenance efficiency, safety, and predictability, supporting long-term asset reliability. Cadeler's Chief Growth Officer Jacob Christian Gregersen and Vattenfall's Head of Generation Pavlo Malyshenko stressed the strategic importance of smarter O&M for affordability and reliability. Nexra operates a flexible vessel portfolio, including Wind Zaratan, Wind Scylla and Wind Keeper, and Cadeler fleet could be deployed for this program. Partnership with a major utility to develop next-gen O&M services could broaden Cadeler's revenue base and competitive moat.

3 Sep

4

Kongsberg Maritime to equip two new Cadeler wind turbine installation vessels. Contract supports expansion of Cadeler's core wind installation fleet.

1 Sep

3 transcript

Cadeler A/S Sponsored ADR (CDLR) held its Q2 2026 earnings call to report financial results and business outlook. Earnings call provides financial results and guidance that moderately influence near-term stock performance.

25 Aug

4 transcript

Cadeler AS posts 432% revenue jump in Q2 2026 on elevated fleet utilization. Sharp revenue growth points to major gains in financial performance and operational strength.

4

Cadeler A/S reports strong H1 2026 financial results while advancing its core strategy. Positive H1 results confirm strategy execution and boost performance outlook.

3

Cadeler A/S released H1 earnings call highlights covering financial results, operational performance and forward outlook for the offshore wind company. H1 earnings highlights deliver updated financial metrics that can shift near-term investor views on CDLR without fundamentally reshaping long-term strategy.

13 Aug

3

Cadeler (OB:CADLR) could be 23% undervalued following He Dreiht completion. He Dreiht completion may lift Cadeler valuation by 23%.

12 Aug

4

Cadeler acquires Menck. Acquisition of Menck marks major strategic expansion for Cadeler in offshore wind sector.

4

Cadeler acquires Menck for $578m to expand offshore wind operations. Acquisition of Menck for $578m marks major strategic expansion into offshore wind operations.

3

Cadeler installs final turbine at He Dreiht Offshore Wind Farm. Project completion in core offshore wind installation business signals operational success with potential moderate effects on company trajectory.

11 Aug

4

Cadeler acquires Menck to significantly expand its offshore wind foundation T&I capabilities. Acquisition of Menck represents a major strategic expansion in core offshore wind operations.

4

Cadeler signs $929m contract for T-class wind installation vessels. $929m contract for new T-class vessels expands fleet and locks in major revenue in core offshore wind operations.

4

Cadeler signs $929m contract for T-class wind installation vessels. $929m T-class vessel contract marks major expansion of Cadeler offshore wind operations.

10 Aug

4

Cadeler places firm orders for two T-class vessels to strengthen future installation capacity. Firm orders for two T-class vessels expand Cadeler installation capacity and support long-term growth.

4

Cadeler places firm orders for two new T-class vessels to strengthen future installation capacity. Firm orders for two new vessels expand Cadeler's core installation capacity and support long-term growth.

17 Jul

3

Cadeler takes delivery of its 11th vessel, Wind Ace. Fleet expansion with new vessel increases operational capacity for offshore wind projects.

14 Jul

4

Cadeler signs EIFO-backed green term loan facility for offshore wind installation vessel. Financing directly funds core vessel expansion in offshore wind market.

13 Jul

4

Cadeler A/S signs EUR 247 million EIFO-backed green term loan facility for Wind Apex. EUR 247 million facility funds core wind project expansion and bolsters balance sheet.

15 Jun

3

Cadeler CEO Mikkel Gleerup highlights growth in energy transition infrastructure. CEO comments on energy transition infrastructure point to moderately noticeable positive effects on company outlook.

3

Cadeler completes installation of 100 turbines at Sofia Wind Farm. Milestone completion at Sofia Wind Farm confirms execution strength on a core offshore project.

3

Cadeler completes installation of 100 turbines at Sofia Wind Farm. Project completion highlights execution capability and may support future contract wins.

12 Jun

3

Cadeler completes final turbine installation at RWE’s Sofia Offshore Wind Farm. Project completion confirms Cadeler delivery capability on major offshore wind contracts.

3 Jun

3

Cadeler's fair value estimate increases amid an evolving corporate narrative and divided analyst opinions on the stock. Higher fair value estimates and split analyst views can moderately influence near-term investor sentiment and trading for Cadeler.

27 May

3

Cadeler AS (CDLR) reported strong Q1 2026 revenue growth during its earnings call while advancing strategic expansion plans. Revenue growth and expansion moves can lift near-term sentiment but remain routine quarterly updates.

20 May

3 transcript

Cadeler A/S Q1 earnings call highlighted revenue growth, improved fleet utilization, contract backlog expansion in offshore wind, and raised full-year guidance amid strong demand. Q1 earnings updates on revenue, utilization and guidance typically produce moderate short-term effects on valuation and sentiment.

3

Cadeler A/S reports strong Q1 2026 results from fleet expansion and operations matching expectations. Fleet growth and steady operations point to sustained revenue gains without major surprises.

14 May

4

Cadeler installed the first complete monopile foundation at Ørsted’s Hornsea 3 offshore wind farm, marking a significant milestone in the construction of one of the world's largest offshore wind projects. Milestone achievement at major Hornsea 3 project demonstrates Cadeler's execution capabilities, enhancing investor confidence and future contract prospects.

26 Mar

4

Cadeler announces planned investments in exceptional growth opportunities, balanced with dividend potential from strong cash flows. Announced growth investments balanced by dividends from strong cash flows signal major strategic moves enhancing future performance and investor sentiment.

24 Mar

4

Cadeler A/S reported record revenue for full year 2025 in its earnings call, driven by strategic growth including fleet expansion, new contracts, and strong offshore wind demand. Record revenue and strategic fleet expansion signal major positive shifts in financial performance and market positioning.

stockrow.com/CDLR · Data as of Mar 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com