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Cadeler A/S (CDLR)



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Upturn Advisory Summary
04/01/2025: CDLR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 30.35% | Avg. Invested days 69 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.75B USD | Price to earnings Ratio 24.39 | 1Y Target Price 34.5 |
Price to earnings Ratio 24.39 | 1Y Target Price 34.5 | ||
Volume (30-day avg) 105678 | Beta 0.55 | 52 Weeks Range 17.40 - 28.75 | Updated Date 04/2/2025 |
52 Weeks Range 17.40 - 28.75 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.82 |
Earnings Date
Report Date 2025-03-24 | When Before Market | Estimate 0.28 | Actual 0.4757 |
Profitability
Profit Margin 26.16% | Operating Margin (TTM) 43.75% |
Management Effectiveness
Return on Assets (TTM) 2.72% | Return on Equity (TTM) 5.93% |
Valuation
Trailing PE 24.39 | Forward PE 9.66 | Enterprise Value 2299540519 | Price to Sales(TTM) 7.05 |
Enterprise Value 2299540519 | Price to Sales(TTM) 7.05 | ||
Enterprise Value to Revenue 8.55 | Enterprise Value to EBITDA 16.75 | Shares Outstanding 87718600 | Shares Floating 202003296 |
Shares Outstanding 87718600 | Shares Floating 202003296 | ||
Percent Insiders 10.73 | Percent Institutions 28.78 |
Analyst Ratings
Rating 5 | Target Price 34.5 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Cadeler A/S
Company Overview
History and Background
Cadeler A/S, formerly known as Swire Blue Ocean, was established to provide installation and maintenance services for offshore wind farms. They focus on the transportation and installation of foundations and wind turbines.
Core Business Areas
- Transportation and Installation: Transport and installation of offshore wind turbine components, including foundations, towers, nacelles, and blades.
- Operations and Maintenance: Offering services to maintain the vessels and equipment for optimal performance and lifespan.
- Engineering and Project Management: Providing project management, engineering, and planning services for offshore wind projects.
Leadership and Structure
The leadership team consists of key executives in operations, finance, and strategy. The organizational structure includes departments for vessel management, project execution, engineering, and commercial operations. Mikkel Gleerup is the CEO.
Top Products and Market Share
Key Offerings
- Wind Turbine Installation Vessels (WTIVs): Cadeler's core offering is its fleet of specialized WTIVs, which are designed for the installation of large offshore wind turbines. Competitors include Jan De Nul and DEME Offshore. Market share is difficult to precisely quantify due to project-based nature, but they are considered a key player.
- Foundation Installation: Cadeler also provides foundation installation services for offshore wind turbines. Competitors include Boskalis and Van Oord. Market share is difficult to precisely quantify due to project-based nature, but they are considered a key player.
Market Dynamics
Industry Overview
The offshore wind industry is experiencing rapid growth, driven by increasing demand for renewable energy and technological advancements in turbine design. Government policies and subsidies are further fueling expansion.
Positioning
Cadeler A/S is a major player in the offshore wind installation market, with a focus on advanced WTIVs capable of handling the next generation of larger turbines. Their competitive advantage lies in the specialized vessels and experienced crew.
Total Addressable Market (TAM)
The total addressable market for offshore wind installation is expected to reach hundreds of billions of dollars over the next decade. Cadeler A/S is well-positioned to capture a significant portion of this market.
Upturn SWOT Analysis
Strengths
- Specialized WTIV fleet
- Experienced crew and project management
- Strong reputation in the industry
- Track record of successful project execution
Weaknesses
- High capital expenditures for vessel upgrades and newbuilds
- Dependence on the cyclical nature of offshore wind projects
- Limited diversification outside of offshore wind
Opportunities
- Expansion into new geographic markets
- Development of new technologies for offshore wind installation
- Growth in demand for offshore wind energy
- Partnerships with turbine manufacturers and developers
Threats
- Competition from other WTIV operators
- Delays in offshore wind project development
- Rising fuel costs and operating expenses
- Geopolitical risks and regulatory changes
Competitors and Market Share
Key Competitors
- ORSTED.CO
- NEE
Competitive Landscape
Cadeler A/S competes with other WTIV operators based on vessel capabilities, project execution experience, and pricing. Their focus on larger turbines and advanced technology gives them a competitive edge.
Major Acquisitions
Windcarrier
- Year: 2023
- Acquisition Price (USD millions): 346
- Strategic Rationale: The acquisition of Windcarrier enhanced Cadeler's fleet and capabilities in the offshore wind installation market, providing better service to all of their customers.
Growth Trajectory and Initiatives
Historical Growth: Cadeler A/S has experienced growth in line with the expansion of the offshore wind industry, driven by increased demand for installation services.
Future Projections: Analysts project continued growth for Cadeler A/S, fueled by the increasing deployment of offshore wind farms globally.
Recent Initiatives: Recent initiatives include investments in new WTIVs, upgrades to existing vessels, and expansion into new markets.
Summary
Cadeler A/S is a key player in the growing offshore wind installation market. Its specialized fleet and experienced crew are significant strengths, and the acquisition of Windcarrier enhances its service. However, it faces competition and is dependent on project timelines. Overall, it is well-positioned for growth but must manage its capital expenditures and maintain competitiveness.
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Sources and Disclaimers
Data Sources:
- Company reports, industry publications, analyst estimates
Disclaimers:
This analysis is based on publicly available information and represents an opinion. Investment decisions should be based on thorough research and consultation with a financial advisor. Real time stock data unavailable.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cadeler A/S
Exchange NYSE | Headquaters - | ||
IPO Launch date 2023-12-20 | CEO - | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 659 | Website https://www.cadeler.com |
Full time employees 659 | Website https://www.cadeler.com |
Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels. Cadeler A/S was incorporated in 2008 and is headquartered in Copenhagen, Denmark.
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