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CADELER A/S (CADLR.OL) Stock Fundamental Analysis

OSL:CADLR - Euronext Oslo - DK0061412772 - Common Stock - Currency: NOK

50  +0.38 (+0.77%)

Fundamental Rating

6

CADLR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 41 industry peers in the Construction & Engineering industry. While CADLR is still in line with the averages on profitability rating, there are concerns on its financial health. CADLR is not priced too expensively while it is growing strongly. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

CADLR had positive earnings in the past year.
CADLR had a positive operating cash flow in the past year.
CADLR had positive earnings in 4 of the past 5 years.
Of the past 5 years CADLR 4 years had a positive operating cash flow.
CADLR.OL Yearly Net Income VS EBIT VS OCF VS FCFCADLR.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M

1.2 Ratios

Looking at the Return On Assets, with a value of 3.84%, CADLR is in line with its industry, outperforming 56.10% of the companies in the same industry.
CADLR has a Return On Equity of 7.71%. This is in the lower half of the industry: CADLR underperforms 68.29% of its industry peers.
CADLR's Return On Invested Capital of 3.66% is on the low side compared to the rest of the industry. CADLR is outperformed by 68.29% of its industry peers.
CADLR had an Average Return On Invested Capital over the past 3 years of 3.05%. This is significantly below the industry average of 10.42%.
The last Return On Invested Capital (3.66%) for CADLR is above the 3 year average (3.05%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.84%
ROE 7.71%
ROIC 3.66%
ROA(3y)3.19%
ROA(5y)0.66%
ROE(3y)4.35%
ROE(5y)0.82%
ROIC(3y)3.05%
ROIC(5y)N/A
CADLR.OL Yearly ROA, ROE, ROICCADLR.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100 150

1.3 Margins

Looking at the Profit Margin, with a value of 23.95%, CADLR belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
In the last couple of years the Profit Margin of CADLR has grown nicely.
CADLR has a better Operating Margin (27.22%) than 97.56% of its industry peers.
In the last couple of years the Operating Margin of CADLR has grown nicely.
CADLR has a Gross Margin of 48.86%. This is in the better half of the industry: CADLR outperforms 68.29% of its industry peers.
In the last couple of years the Gross Margin of CADLR has grown nicely.
Industry RankSector Rank
OM 27.22%
PM (TTM) 23.95%
GM 48.86%
OM growth 3Y13.3%
OM growth 5YN/A
PM growth 3Y28.86%
PM growth 5YN/A
GM growth 3Y11.41%
GM growth 5YN/A
CADLR.OL Yearly Profit, Operating, Gross MarginsCADLR.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150

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3

2. Health

2.1 Basic Checks

CADLR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CADLR remains at a similar level compared to 1 year ago.
Compared to 5 years ago, CADLR has more shares outstanding
CADLR has a worse debt/assets ratio than last year.
CADLR.OL Yearly Shares OutstandingCADLR.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
CADLR.OL Yearly Total Debt VS Total AssetsCADLR.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 0.55, we must say that CADLR is in the distress zone and has some risk of bankruptcy.
CADLR has a worse Altman-Z score (0.55) than 90.24% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that CADLR is somewhat dependend on debt financing.
The Debt to Equity ratio of CADLR (0.82) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF N/A
Altman-Z 0.55
ROIC/WACC0.63
WACC5.84%
CADLR.OL Yearly LT Debt VS Equity VS FCFCADLR.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

2.3 Liquidity

A Current Ratio of 1.19 indicates that CADLR should not have too much problems paying its short term obligations.
The Current ratio of CADLR (1.19) is better than 60.98% of its industry peers.
A Quick Ratio of 1.17 indicates that CADLR should not have too much problems paying its short term obligations.
CADLR has a better Quick ratio (1.17) than 70.73% of its industry peers.
Industry RankSector Rank
Current Ratio 1.19
Quick Ratio 1.17
CADLR.OL Yearly Current Assets VS Current LiabilitesCADLR.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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10

3. Growth

3.1 Past

CADLR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 269.26%, which is quite impressive.
CADLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 57.20% yearly.
Looking at the last year, CADLR shows a very strong growth in Revenue. The Revenue has grown by 128.99%.
Measured over the past years, CADLR shows a very strong growth in Revenue. The Revenue has been growing by 45.32% on average per year.
EPS 1Y (TTM)269.26%
EPS 3Y57.2%
EPS 5YN/A
EPS Q2Q%116.67%
Revenue 1Y (TTM)128.99%
Revenue growth 3Y59.82%
Revenue growth 5Y45.32%
Sales Q2Q%243.46%

3.2 Future

Based on estimates for the next years, CADLR will show a very strong growth in Earnings Per Share. The EPS will grow by 97.52% on average per year.
CADLR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 64.14% yearly.
EPS Next Y139.2%
EPS Next 2Y123.93%
EPS Next 3Y97.52%
EPS Next 5YN/A
Revenue Next Year102.14%
Revenue Next 2Y97.18%
Revenue Next 3Y64.14%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CADLR.OL Yearly Revenue VS EstimatesCADLR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
CADLR.OL Yearly EPS VS EstimatesCADLR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1

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6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 16.72, the valuation of CADLR can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of CADLR indicates a slightly more expensive valuation: CADLR is more expensive than 60.98% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.20. CADLR is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 4.57, the valuation of CADLR can be described as very cheap.
Based on the Price/Forward Earnings ratio, CADLR is valued cheaper than 95.12% of the companies in the same industry.
CADLR is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.72
Fwd PE 4.57
CADLR.OL Price Earnings VS Forward Price EarningsCADLR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

CADLR's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.85
CADLR.OL Per share dataCADLR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100 -100 150

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of CADLR may justify a higher PE ratio.
CADLR's earnings are expected to grow with 97.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y123.93%
EPS Next 3Y97.52%

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0

5. Dividend

5.1 Amount

No dividends for CADLR!.
Industry RankSector Rank
Dividend Yield N/A

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CADELER A/S

OSL:CADLR (5/28/2025, 7:00:00 PM)

50

+0.38 (+0.77%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)05-21 2025-05-21/bmo
Earnings (Next)08-26 2025-08-26
Inst Owners36.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.39B
Analysts87.37
Price Target78.74 (57.48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-11.58%
Min EPS beat(2)-75.73%
Max EPS beat(2)52.57%
EPS beat(4)2
Avg EPS beat(4)0.39%
Min EPS beat(4)-75.73%
Max EPS beat(4)52.57%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-8.41%
Min Revenue beat(2)-16.28%
Max Revenue beat(2)-0.53%
Revenue beat(4)0
Avg Revenue beat(4)-6.52%
Min Revenue beat(4)-16.28%
Max Revenue beat(4)-0.53%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-1.15%
EPS NQ rev (1m)7.14%
EPS NQ rev (3m)7.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.13%
Revenue NQ rev (1m)3.23%
Revenue NQ rev (3m)5.62%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 16.72
Fwd PE 4.57
P/S 0.97
P/FCF N/A
P/OCF 3.8
P/B 0.31
P/tB 0.32
EV/EBITDA 7.85
EPS(TTM)2.99
EY5.98%
EPS(NY)10.95
Fwd EY21.9%
FCF(TTM)-115.37
FCFYN/A
OCF(TTM)13.15
OCFY26.3%
SpS51.73
BVpS160.59
TBVpS158.15
PEG (NY)0.12
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.84%
ROE 7.71%
ROCE 4.75%
ROIC 3.66%
ROICexc 3.82%
ROICexgc 3.85%
OM 27.22%
PM (TTM) 23.95%
GM 48.86%
FCFM N/A
ROA(3y)3.19%
ROA(5y)0.66%
ROE(3y)4.35%
ROE(5y)0.82%
ROIC(3y)3.05%
ROIC(5y)N/A
ROICexc(3y)3.16%
ROICexc(5y)N/A
ROICexgc(3y)3.18%
ROICexgc(5y)N/A
ROCE(3y)3.96%
ROCE(5y)N/A
ROICexcg growth 3Y7.82%
ROICexcg growth 5YN/A
ROICexc growth 3Y7.49%
ROICexc growth 5YN/A
OM growth 3Y13.3%
OM growth 5YN/A
PM growth 3Y28.86%
PM growth 5YN/A
GM growth 3Y11.41%
GM growth 5YN/A
F-Score6
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF N/A
Debt/EBITDA 5.82
Cap/Depr 1500.01%
Cap/Sales 248.44%
Interest Coverage 4.88
Cash Conversion 58.05%
Profit Quality N/A
Current Ratio 1.19
Quick Ratio 1.17
Altman-Z 0.55
F-Score6
WACC5.84%
ROIC/WACC0.63
Cap/Depr(3y)789.97%
Cap/Depr(5y)1003.15%
Cap/Sales(3y)173.5%
Cap/Sales(5y)420.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)269.26%
EPS 3Y57.2%
EPS 5YN/A
EPS Q2Q%116.67%
EPS Next Y139.2%
EPS Next 2Y123.93%
EPS Next 3Y97.52%
EPS Next 5YN/A
Revenue 1Y (TTM)128.99%
Revenue growth 3Y59.82%
Revenue growth 5Y45.32%
Sales Q2Q%243.46%
Revenue Next Year102.14%
Revenue Next 2Y97.18%
Revenue Next 3Y64.14%
Revenue Next 5YN/A
EBIT growth 1Y257.17%
EBIT growth 3Y81.07%
EBIT growth 5YN/A
EBIT Next Year366.91%
EBIT Next 3Y125.8%
EBIT Next 5YN/A
FCF growth 1Y-14640.7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y46.89%
OCF growth 3Y45.54%
OCF growth 5YN/A