Cadeler A/S Sponsored ADR (CDLR) vs Primoris Services Corporation (PRIM)

Cadeler A/S Sponsored ADR and Primoris Services Corporation are both Engineering & Construction companies. Primoris Services Corporation is the larger, with a market value of $3.9B against $2.3B — 1.7× the size. Cadeler A/S Sponsored ADR has negative trailing earnings, so its P/E is not meaningful; Primoris Services Corporation trades at 28.2×. Cadeler A/S Sponsored ADR grew revenue faster over the last twelve months: 70.3% against 5.12%. Primoris Services Corporation has the higher net margin (1.92% vs 0.71%) and the higher return on invested capital (6.07% vs 0.00%). Across the 20 metrics below, Primoris Services Corporation leads on 14 and Cadeler A/S Sponsored ADR on 6.

Valuation

Metric CDLR PRIM Engineering & Construction median
P/E n/m 28.16 28.59
P/S 6.75 0.54 1.15
P/B 1.00 2.44 3.96
Price to free cash flow n/m 33.13 25.24
EV/EBITDA 32.80 14.31 14.87
EV/Sales 12.03 0.62 1.42
Earnings yield (0.65%) 3.55% 2.47%
Free cash flow yield (49.71%) 3.02% 1.91%

Profitability

Metric CDLR PRIM Engineering & Construction median
Gross margin 29.16% 8.62% 18.76%
Operating margin 0.00% 2.91% 6.26%
Net margin 0.71% 1.92% 2.23%
Free cash flow margin 0.00% 1.63% 1.83%
Return on equity 0.00% 8.89% 7.90%
Return on assets 0.00% 3.04% 0.87%
Return on invested capital 0.00% 6.07% 2.52%

Growth

Metric CDLR PRIM Engineering & Construction median
Revenue growth (TTM) 70.29% 5.12% 16.67%
EPS growth (last fiscal year) 335.37% 51.66% —
Revenue growth, 5-year CAGR 95.62% 16.75% 11.76%
Net income growth, 5-year CAGR 0.00% 21.23% 0.00%

Health

Metric CDLR PRIM Engineering & Construction median
Debt to equity 0.90 0.50 0.40
Current ratio 1.62 1.18 1.39
Net debt to EBITDA 3.46 (0.13) 0.38

Dividend

Metric CDLR PRIM Engineering & Construction median
Dividend yield — 0.66% 0.65%
Payout ratio — 0.10 0.00

Size

Metric CDLR PRIM Engineering & Construction median
Market cap 2.26b 3.89b 1.31b

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