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ORSTED A/S (D2G.DE) Stock Fundamental Analysis

Europe - FRA:D2G - DK0060094928 - Common Stock

25.7 EUR
-0.61 (-2.32%)
Last: 9/16/2025, 7:00:00 PM
Fundamental Rating

4

Overall D2G gets a fundamental rating of 4 out of 10. We evaluated D2G against 22 industry peers in the Independent Power and Renewable Electricity Producers industry. D2G has a medium profitability rating, but doesn't score so well on its financial health evaluation. D2G has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

D2G had positive earnings in the past year.
In the past year D2G had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: D2G reported negative net income in multiple years.
In the past 5 years D2G always reported a positive cash flow from operatings.
D2G.DE Yearly Net Income VS EBIT VS OCF VS FCFD2G.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B -10B 20B -20B

1.2 Ratios

D2G has a Return On Assets (2.08%) which is in line with its industry peers.
With a Return On Equity value of 6.75%, D2G perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
D2G has a Return On Invested Capital of 4.02%. This is in the better half of the industry: D2G outperforms 68.18% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for D2G is in line with the industry average of 5.43%.
Industry RankSector Rank
ROA 2.08%
ROE 6.75%
ROIC 4.02%
ROA(3y)-1.06%
ROA(5y)1.66%
ROE(3y)-4.32%
ROE(5y)3.09%
ROIC(3y)4.31%
ROIC(5y)3.92%
D2G.DE Yearly ROA, ROE, ROICD2G.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

Looking at the Profit Margin, with a value of 7.96%, D2G is in line with its industry, outperforming 59.09% of the companies in the same industry.
The Operating Margin of D2G (17.86%) is better than 63.64% of its industry peers.
In the last couple of years the Operating Margin of D2G has grown nicely.
The Gross Margin of D2G (33.91%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of D2G has grown nicely.
Industry RankSector Rank
OM 17.86%
PM (TTM) 7.96%
GM 33.91%
OM growth 3Y22.62%
OM growth 5Y3.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y15.32%
GM growth 5Y4.01%
D2G.DE Yearly Profit, Operating, Gross MarginsD2G.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so D2G is destroying value.
The number of shares outstanding for D2G remains at a similar level compared to 1 year ago.
The number of shares outstanding for D2G remains at a similar level compared to 5 years ago.
The debt/assets ratio for D2G is higher compared to a year ago.
D2G.DE Yearly Shares OutstandingD2G.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
D2G.DE Yearly Total Debt VS Total AssetsD2G.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B

2.2 Solvency

Based on the Altman-Z score of 1.05, we must say that D2G is in the distress zone and has some risk of bankruptcy.
D2G's Altman-Z score of 1.05 is in line compared to the rest of the industry. D2G outperforms 40.91% of its industry peers.
D2G has a Debt/Equity ratio of 0.96. This is a neutral value indicating D2G is somewhat dependend on debt financing.
The Debt to Equity ratio of D2G (0.96) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.96
Debt/FCF N/A
Altman-Z 1.05
ROIC/WACC0.58
WACC6.91%
D2G.DE Yearly LT Debt VS Equity VS FCFD2G.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B 60B 80B

2.3 Liquidity

A Current Ratio of 1.18 indicates that D2G should not have too much problems paying its short term obligations.
D2G has a Current ratio (1.18) which is comparable to the rest of the industry.
D2G has a Quick Ratio of 1.18. This is a bad value and indicates that D2G is not financially healthy enough and could expect problems in meeting its short term obligations.
D2G has a Quick ratio of 0.90. This is in the lower half of the industry: D2G underperforms 68.18% of its industry peers.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 0.9
D2G.DE Yearly Current Assets VS Current LiabilitesD2G.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 203.89% over the past year.
D2G shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 19.95% yearly.
D2G shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.48%.
D2G shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.18% yearly.
EPS 1Y (TTM)203.89%
EPS 3Y16.57%
EPS 5Y19.95%
EPS Q2Q%40.27%
Revenue 1Y (TTM)10.48%
Revenue growth 3Y-2.93%
Revenue growth 5Y0.18%
Sales Q2Q%14.06%

3.2 Future

D2G is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.63% yearly.
The Revenue is expected to decrease by -1.32% on average over the next years.
EPS Next Y-53.08%
EPS Next 2Y-25.54%
EPS Next 3Y-17.13%
EPS Next 5Y-3.63%
Revenue Next Year-11.78%
Revenue Next 2Y-1.86%
Revenue Next 3Y0.07%
Revenue Next 5Y-1.32%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
D2G.DE Yearly Revenue VS EstimatesD2G.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 20B 40B 60B 80B 100B
D2G.DE Yearly EPS VS EstimatesD2G.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 20 -20 40 -40

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 4.33 indicates a rather cheap valuation of D2G.
Based on the Price/Earnings ratio, D2G is valued cheaper than 100.00% of the companies in the same industry.
D2G is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 8.99 indicates a reasonable valuation of D2G.
Compared to the rest of the industry, the Price/Forward Earnings ratio of D2G indicates a rather cheap valuation: D2G is cheaper than 95.45% of the companies listed in the same industry.
D2G's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.71.
Industry RankSector Rank
PE 4.33
Fwd PE 8.99
D2G.DE Price Earnings VS Forward Price EarningsD2G.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
D2G.DE Per share dataD2G.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

D2G's earnings are expected to decrease with -17.13% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.22
EPS Next 2Y-25.54%
EPS Next 3Y-17.13%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.34%, D2G is a good candidate for dividend investing.
In the last 3 months the price of D2G has falen by -29.99%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.27, D2G pays a better dividend. On top of this D2G pays more dividend than 90.91% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, D2G pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.34%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
D2G.DE Yearly Dividends per shareD2G.DE Yearly Dividends per shareYearly Dividends per share 2022 2023 2 4 6 8 10

5.3 Sustainability

DP0%
EPS Next 2Y-25.54%
EPS Next 3Y-17.13%
D2G.DE Yearly Income VS Free CF VS DividendD2G.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B -10B -20B

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ORSTED A/S

FRA:D2G (9/16/2025, 7:00:00 PM)

25.7

-0.61 (-2.32%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)08-11 2025-08-11/bmo
Earnings (Next)11-05 2025-11-05
Inst Owners16.19%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap10.80B
Analysts54.38
Price Target33.01 (28.44%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.34%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)90.14%
Min EPS beat(2)10.76%
Max EPS beat(2)169.53%
EPS beat(4)4
Avg EPS beat(4)109.95%
Min EPS beat(4)10.76%
Max EPS beat(4)217.27%
EPS beat(8)5
Avg EPS beat(8)451.69%
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)-4.05%
Min Revenue beat(2)-7.36%
Max Revenue beat(2)-0.73%
Revenue beat(4)0
Avg Revenue beat(4)-8.55%
Min Revenue beat(4)-22.13%
Max Revenue beat(4)-0.73%
Revenue beat(8)1
Avg Revenue beat(8)-13.38%
Revenue beat(12)2
Avg Revenue beat(12)-5.89%
Revenue beat(16)5
Avg Revenue beat(16)5.29%
PT rev (1m)-20.34%
PT rev (3m)-23%
EPS NQ rev (1m)-79.96%
EPS NQ rev (3m)-52.98%
EPS NY rev (1m)-19.55%
EPS NY rev (3m)-19.55%
Revenue NQ rev (1m)-5.11%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)-2.37%
Valuation
Industry RankSector Rank
PE 4.33
Fwd PE 8.99
P/S 1.08
P/FCF N/A
P/OCF 4.89
P/B 0.92
P/tB 0.94
EV/EBITDA N/A
EPS(TTM)5.94
EY23.11%
EPS(NY)2.86
Fwd EY11.12%
FCF(TTM)-10.91
FCFYN/A
OCF(TTM)5.25
OCFY20.44%
SpS23.8
BVpS28.06
TBVpS27.32
PEG (NY)N/A
PEG (5Y)0.22
Profitability
Industry RankSector Rank
ROA 2.08%
ROE 6.75%
ROCE 5.71%
ROIC 4.02%
ROICexc 4.5%
ROICexgc 4.55%
OM 17.86%
PM (TTM) 7.96%
GM 33.91%
FCFM N/A
ROA(3y)-1.06%
ROA(5y)1.66%
ROE(3y)-4.32%
ROE(5y)3.09%
ROIC(3y)4.31%
ROIC(5y)3.92%
ROICexc(3y)5.12%
ROICexc(5y)4.62%
ROICexgc(3y)5.21%
ROICexgc(5y)4.68%
ROCE(3y)6.12%
ROCE(5y)5.57%
ROICexcg growth 3Y10.37%
ROICexcg growth 5Y-4.35%
ROICexc growth 3Y10.25%
ROICexc growth 5Y-4.5%
OM growth 3Y22.62%
OM growth 5Y3.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y15.32%
GM growth 5Y4.01%
F-Score6
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0.96
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 67.92%
Interest Coverage 1.42
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.18
Quick Ratio 0.9
Altman-Z 1.05
F-Score6
WACC6.91%
ROIC/WACC0.58
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)45.7%
Cap/Sales(5y)47.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)203.89%
EPS 3Y16.57%
EPS 5Y19.95%
EPS Q2Q%40.27%
EPS Next Y-53.08%
EPS Next 2Y-25.54%
EPS Next 3Y-17.13%
EPS Next 5Y-3.63%
Revenue 1Y (TTM)10.48%
Revenue growth 3Y-2.93%
Revenue growth 5Y0.18%
Sales Q2Q%14.06%
Revenue Next Year-11.78%
Revenue Next 2Y-1.86%
Revenue Next 3Y0.07%
Revenue Next 5Y-1.32%
EBIT growth 1Y-18.37%
EBIT growth 3Y19.02%
EBIT growth 5Y3.61%
EBIT Next Year81.32%
EBIT Next 3Y29.11%
EBIT Next 5Y20.57%
FCF growth 1Y-148.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-25.64%
OCF growth 3Y14.75%
OCF growth 5Y6.76%