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Cadeler A/S Sponsored ADR (CDLR)
NYSE:CDLR
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Cadeler A/S Sponsored ADR
(NYSE:CDLR)
68Neutral
Cadeler A/S Sponsored ADR (CDLR) vs. S&P 500 (SPY)
Market Cap
$1.76B
Dividend YieldN/A
Average Volume (3M)105.68K
Price to Earnings (P/E)25.3
Beta (1Y)0.55
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees659
SectorGeneral
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.80
Shares Outstanding87,739,395
10 Day Avg. Volume57,848
30 Day Avg. Volume105,682
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)34.51
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$37.00Price Target Upside83.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Cadeler A/S Sponsored ADR Business Overview & Revenue Model
Company DescriptionCadeler A/S Sponsored ADR (CDLR) is a leading offshore wind farm construction and maintenance company based in Denmark. The company specializes in providing marine and engineering services specifically tailored to the renewable energy sector, with a focus on the installation, maintenance, and servicing of offshore wind turbines. Cadeler operates a fleet of state-of-the-art vessels designed for the transportation, installation, and decommissioning of offshore structures, playing a crucial role in the development and operational lifecycle of wind farms globally.
How the Company Makes MoneyCadeler A/S generates revenue primarily through contracts with energy companies and wind farm developers for the installation and maintenance of offshore wind turbines. The company's key revenue streams include project-based contracts for new wind farm installations, long-term service agreements for the maintenance and repair of existing wind farms, and the chartering of its specialized fleet for various offshore projects. Cadeler also benefits from strategic partnerships with major players in the renewable energy sector, enhancing its market position and expanding its project pipeline. These partnerships, along with its advanced engineering capabilities and fleet, enable Cadeler to secure a steady flow of projects and revenue in the growing offshore wind market.
Cadeler A/S Sponsored ADR Financial Statement Overview
Summary
Cadeler A/S has shown impressive revenue and profit growth, signaling strong operational performance. The company has a robust equity base, though with increased leverage that could introduce financial risk. Cash flow from operations is healthy, but substantial capital expenditures have led to negative free cash flow, necessitating careful cash management and reliance on external financing.Income Statement
Cadeler A/S has demonstrated strong growth in revenue over the past year, with a significant increase from $108.6 million in 2023 to $248.7 million in 2024, representing a growth rate of 128.9%. The gross profit margin also improved from 44.9% to 50.0%, indicating enhanced operational efficiency. The net profit margin rose from 10.6% to 26.2%, showcasing improved profitability. However, the lower EBIT margin of 27.9% compared to EBITDA margin of 51.0% suggests high depreciation and amortization expenses.75
Positive
Balance Sheet
The company maintains a healthy equity ratio of 63.7% in 2024, indicating a strong equity position relative to its assets. The debt-to-equity ratio increased to 0.47 from 0.21 in 2023, reflecting higher leverage, which could pose a risk if not managed carefully. Return on Equity improved significantly to 5.3% from 1.2%, driven by higher net income, showcasing effective utilization of equity.70
Positive
Cash Flow
Cadeler A/S experienced a substantial increase in operating cash flow to $93.1 million in 2024 from $63.4 million in 2023, signifying improved cash generation from core operations. However, free cash flow remained negative at -$522.9 million due to high capital expenditures, which could constrain liquidity if not offset by financing activities.65
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 248.74M | 108.62M | 106.42M | 60.94M | 19.50M | Gross Profit |
| 124.51M | 48.76M | 56.89M | 22.06M | -26.26M | EBIT |
| 69.44M | 14.44M | 41.19M | 11.13M | -35.91M | EBITDA |
| 126.87M | 37.42M | 59.75M | 27.36M | -7.26M | Net Income Common Stockholders |
| 65.07M | 11.50M | 35.54M | 7.45M | -27.03M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 58.46M | 96.61M | 19.01M | 2.31M | 63.64M | Total Assets |
| 1.94B | 1.25B | 670.03M | 424.77M | 336.81M | Total Debt |
| 581.99M | 206.56M | 115.28M | 73.58M | 74.29M | Net Debt |
| 523.52M | 109.96M | 96.27M | 71.27M | 10.66M | Total Liabilities |
| 703.12M | 293.52M | 129.46M | 99.51M | 95.75M | Stockholders Equity |
| 1.23B | 959.04M | 540.57M | 325.26M | 241.06M |
| Cash Flow | Free Cash Flow | |||
| -522.85M | -3.55M | -196.37M | -133.18M | -265.74M | Operating Cash Flow |
| 93.10M | 63.38M | 29.04M | 30.20M | -9.60M | Investing Cash Flow |
| -615.75M | -54.73M | -225.41M | -163.38M | -256.14M | Financing Cash Flow |
| 481.99M | 70.27M | 213.07M | 71.85M | 338.81M |
Cadeler A/S Sponsored ADR Technical Analysis
Negative
20.16
Price Trends
19.70
Positive
21.39
Negative
23.79
Negative
Market Momentum
0.24
Negative
51.49
Neutral
25.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CDLR, the sentiment is Negative. The current price of 20.16 is above the 20-day moving average (MA) of 19.87, above the 50-day MA of 19.70, and below the 200-day MA of 23.79, indicating a neutral trend. The MACD of 0.24 indicates Negative momentum. The RSI at 51.49 is Neutral, neither overbought nor oversold. The STOCH value of 25.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CDLR.
Cadeler A/S Sponsored ADR Risk Analysis
Cadeler A/S Sponsored ADR disclosed 46 risk factors in its most recent earnings report. Cadeler A/S Sponsored ADR reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cadeler A/S Sponsored ADR Peers Comparison
Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.76B | 25.33 | 7.40% | ― | ― | ― | |
67 Neutral | $1.59B | 3.95 | 15.12% | ― | -7.79% | 57.21% | |
62 Neutral | $2.89B | 7.80 | 17.67% | ― | 32.42% | -56.29% | |
54 Neutral | $4.10B | -18.87 | -17.06% | 5.92% | 25.76% | -79.79% | |
52 Neutral | $2.93B | ― | -4.95% | ― | 24.44% | 53.99% | |
42 Neutral | $662.86M | ― | -89.17% | ― | -2.52% | -450.75% |
* General Sector Average
Performance Comparison
CDLR
Cadeler A/S Sponsored ADR
19.95
1.01
5.33%
NBR
Nabors Industries
36.68
-50.42
-57.89%
RIG
Transocean
2.72
-3.82
-58.41%
VAL
Valaris
34.50
-38.87
-52.98%
SDRL
Seadrill Limited
22.30
-30.01
-57.37%
Cadeler A/S Sponsored ADR Earnings Call Summary
Earnings Call Date: Mar 25, 2025 | % Change Since: -2.84% | Next Earnings Date: May 21, 2025
Earnings Call Sentiment Positive
Cadeler's earnings call conveyed a generally positive outlook, with strong financial results, successful project and vessel deliveries, and significant backlog growth. While challenges in the U.S. market and increased costs were noted, the company's strategic positioning and operational achievements suggest a robust trajectory forward.Highlights
Strong Financial Performance
Cadeler achieved strong financial performance in 2024, with revenue doubling from the previous year and EBITDA tripling to EUR126 million.
Successful Vessel Deliveries
Cadeler delivered Wind Peak and the first M-class vessel on time and on budget, contributing to 50% of 2025 deliveries completed.
Backlog Growth
The company's backlog increased to EUR2.5 billion, a 47% growth since the previous year, with 94% of the backlog having final investment decisions.
Operational Achievements
Cadeler successfully installed 60 Siemens 14.7 MW turbines on the Moray West project, marking the first installation of this next-generation turbine platform.
Refinancing and Financial Strength
The company refinanced the M-Class facility on improved terms, increased capacity on the unsecured HoldCo facility, and extended revolving credit capacity.
Strong Market Position
Cadeler is positioned as a leading pure play T&I company, with a strong focus on the European market and growing presence in Asia and North America.
Lowlights
Challenges in the U.S. Market
Despite increased activity, the U.S. market presents complexities and political headwinds, requiring a cautious project-by-project approach.
Increased Costs
SG&A and other expenses rose to EUR55 million as the company ramped up its organization, impacting short-term profitability.
Company Guidance
In the 2024 Annual Result Report Presentation, Cadeler reported strong financial performance, exceeding the upper end of their EBITDA guidance. The company highlighted the successful delivery of the Wind Peak vessel on time and on budget, as well as the completion of the first M-class vessel in January 2025. Cadeler's backlog increased to EUR 2.5 billion, reflecting a 47% growth since the previous year, with 94% of this backlog having final investment decisions. The company executed several projects, including the installation of 60 Siemens turbines on the Moray West project. Cadeler also refinanced their M-Class facility on improved terms and raised equity to fund a third A-class order. Their 2025 guidance forecasts revenue between EUR 485 million and EUR 525 million, with an EBITDA range of EUR 278 million to EUR 380 million, contingent upon timely vessel deliveries.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.