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

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

51.5  +1.3 (+2.59%)

Fundamental Rating

4

Overall CADLR gets a fundamental rating of 4 out of 10. We evaluated CADLR against 40 industry peers in the Construction & Engineering industry. Both the profitability and financial health of CADLR have multiple concerns. CADLR is not overvalued while it is showing excellent growth. This is an interesting combination.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year CADLR has reported negative net income.
In multiple years CADLR reported negative net income over the last 5 years.
In multiple years CADLR reported negative operating cash flow during the last 5 years.
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 0 -100M -200M

1.2 Ratios

CADLR's Return On Assets of -0.61% is on the low side compared to the rest of the industry. CADLR is outperformed by 82.50% of its industry peers.
The Return On Equity of CADLR (-0.98%) is worse than 82.50% of its industry peers.
Industry RankSector Rank
ROA -0.61%
ROE -0.98%
ROIC N/A
ROA(3y)2.66%
ROA(5y)-4.28%
ROE(3y)3.35%
ROE(5y)N/A
ROIC(3y)N/A
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 0 50 100 150

1.3 Margins

In the last couple of years the Profit Margin of CADLR has grown nicely.
In the last couple of years the Operating Margin of CADLR has grown nicely.
Looking at the Gross Margin, with a value of 31.70%, CADLR is doing worse than 65.00% of the companies in the same industry.
In the last couple of years the Gross Margin of CADLR has grown nicely.
CADLR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 31.7%
OM growth 3YN/A
OM growth 5Y38.97%
PM growth 3YN/A
PM growth 5Y52.64%
GM growth 3YN/A
GM growth 5Y40.93%
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 0 50 -50 -100 -150

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3

2. Health

2.1 Basic Checks

CADLR does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CADLR has been increased compared to 1 year ago.
CADLR has more shares outstanding than it did 5 years ago.
CADLR has a better 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 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 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of 0.52, we must say that CADLR is in the distress zone and has some risk of bankruptcy.
CADLR has a worse Altman-Z score (0.52) than 85.00% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that CADLR is not too dependend on debt financing.
CADLR has a Debt to Equity ratio (0.49) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF N/A
Altman-Z 0.52
ROIC/WACCN/A
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 0 200M -200M 400M 600M 800M

2.3 Liquidity

CADLR has a Current Ratio of 1.82. This is a normal value and indicates that CADLR is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.82, CADLR is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
A Quick Ratio of 1.81 indicates that CADLR should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.81, CADLR belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.82
Quick Ratio 1.81
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 50M 100M

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7

3. Growth

3.1 Past

The earnings per share for CADLR have decreased strongly by -73.91% in the last year.
CADLR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 47.89% yearly.
CADLR shows a small growth in Revenue. In the last year, the Revenue has grown by 2.07%.
The Revenue has been growing by 8.50% on average over the past years. This is quite good.
EPS 1Y (TTM)-73.91%
EPS 3YN/A
EPS 5Y47.89%
EPS Q2Q%N/A
Revenue 1Y (TTM)2.07%
Revenue growth 3Y77.26%
Revenue growth 5Y8.5%
Sales Q2Q%N/A

3.2 Future

The Earnings Per Share is expected to grow by 134.68% on average over the next years. This is a very strong growth
CADLR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 73.31% yearly.
EPS Next Y214.64%
EPS Next 2Y223.81%
EPS Next 3Y182.33%
EPS Next 5Y134.68%
Revenue Next Year99.36%
Revenue Next 2Y100.34%
Revenue Next 3Y99.34%
Revenue Next 5Y73.31%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1

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4

4. Valuation

4.1 Price/Earnings Ratio

CADLR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 8.76, the valuation of CADLR can be described as reasonable.
CADLR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CADLR is cheaper than 72.50% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.10. CADLR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 8.76
CADLR.OL Price Earnings VS Forward Price EarningsCADLR.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CADLR is valued a bit more expensive than the industry average as 70.00% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 44.56
CADLR.OL Per share dataCADLR.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150

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.
CADLR's earnings are expected to grow with 182.33% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y223.81%
EPS Next 3Y182.33%

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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 (3/7/2025, 7:00:00 PM)

51.5

+1.3 (+2.59%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-26 2024-11-26/bmo
Earnings (Next)03-25 2025-03-25/amc
Inst Owners36.46%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.52B
Analysts86
Price Target79.66 (54.68%)
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)12.37%
Min EPS beat(2)-6.79%
Max EPS beat(2)31.53%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)-4.64%
Min Revenue beat(2)-4.69%
Max Revenue beat(2)-4.58%
Revenue beat(4)2
Avg Revenue beat(4)24.65%
Min Revenue beat(4)-4.69%
Max Revenue beat(4)80.27%
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)1.03%
PT rev (3m)-0.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)25%
EPS NY rev (1m)0.49%
EPS NY rev (3m)16.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.38%
Revenue NY rev (1m)0.76%
Revenue NY rev (3m)4.3%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 8.76
P/S 1.72
P/FCF N/A
P/OCF N/A
P/B 0.34
P/tB 0.34
EV/EBITDA 44.56
EPS(TTM)-0.81
EYN/A
EPS(NY)5.88
Fwd EY11.42%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS29.86
BVpS151.86
TBVpS149.62
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.61%
ROE -0.98%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 31.7%
FCFM N/A
ROA(3y)2.66%
ROA(5y)-4.28%
ROE(3y)3.35%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)3.73%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y38.97%
PM growth 3YN/A
PM growth 5Y52.64%
GM growth 3YN/A
GM growth 5Y40.93%
F-ScoreN/A
Asset Turnover0.12
Health
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF N/A
Debt/EBITDA 28.1
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.82
Quick Ratio 1.81
Altman-Z 0.52
F-ScoreN/A
WACC5.84%
ROIC/WACCN/A
Cap/Depr(3y)757.66%
Cap/Depr(5y)785.56%
Cap/Sales(3y)180.33%
Cap/Sales(5y)370.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-73.91%
EPS 3YN/A
EPS 5Y47.89%
EPS Q2Q%N/A
EPS Next Y214.64%
EPS Next 2Y223.81%
EPS Next 3Y182.33%
EPS Next 5Y134.68%
Revenue 1Y (TTM)2.07%
Revenue growth 3Y77.26%
Revenue growth 5Y8.5%
Sales Q2Q%N/A
Revenue Next Year99.36%
Revenue Next 2Y100.34%
Revenue Next 3Y99.34%
Revenue Next 5Y73.31%
EBIT growth 1Y-53.97%
EBIT growth 3YN/A
EBIT growth 5Y50.78%
EBIT Next Year429.35%
EBIT Next 3Y197.32%
EBIT Next 5Y142.74%
FCF growth 1Y98.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y118.28%
OCF growth 3YN/A
OCF growth 5Y39.15%