Cadeler A/S (CDLR) 10-Year Financial Performance & Capital Metrics

CDLR • • Industrial / General

IndustrialsMarine ShippingOffshore Support ServicesOffshore Wind Installation

AboutCadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm maintenance, construction, 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.Show more

Revenue $249M +129.0%
EBITDA $124M +236.9%
Net Income $65M +465.9%
EPS (Diluted) 0.78 +254.5%
Gross Margin 48.84% +0.8%
EBITDA Margin 50.04% +47.1%
Operating Margin 27.92% +110.0%
Net Margin 26.16% +147.1%
ROE 5.93% +287.0%
ROIC 3.69% +190.2%
Debt/Equity 0.47 +119.0%
Interest Coverage 24.84 +394.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 45.3%
✓Trading near 52-week high

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 70.7% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y45.32%

3Y59.82%

TTM198.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y105.93%

TTM2857.77%

EPS CAGR

10Y-

5Y-

3Y48.12%

TTM7575%

ROCE

10Y Avg2.91%

5Y Avg0.87%

3Y Avg4.72%

Latest4.61%

Peer Comparison

Offshore Wind Installation

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CDLRCadeler A/S	1.89B	21.60	27.69	128.99%	50.04%	18.64%		0.47
SMHISEACOR Marine Holdings Inc.	169.68M	6.29	-2.23	-2.92%	-16.08%	-14.19%		1.17

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	71.04M	44.94M	71.93M	38.38M	19.5M	60.94M	106.42M	108.62M	248.74M
Revenue Growth %	-	-0.37%	0.6%	-0.47%	-0.49%	2.12%	0.75%	0.02%	1.29%
Cost of Goods Sold+	58.08M	49.89M	65.52M	44.8M	45.94M	39.02M	50.33M	55.98M	127.25M
COGS % of Revenue	0.82%	1.11%	0.91%	1.17%	2.36%	0.64%	0.47%	0.52%	0.51%
Gross Profit+	12.96M	-4.95M	6.4M	-6.42M	-26.44M	21.91M	56.09M	52.64M	121.49M
Gross Margin %	0.18%	-0.11%	0.09%	-0.17%	-1.36%	0.36%	0.53%	0.48%	0.49%
Gross Profit Growth %	-	-1.38%	2.29%	-2%	-3.12%	1.83%	1.56%	-0.06%	1.31%
Operating Expenses+	2.95M	3.19M	3.84M	7.22M	9.48M	10.78M	14.9M	38.2M	52.05M
OpEx % of Revenue	0.04%	0.07%	0.05%	0.19%	0.49%	0.18%	0.14%	0.35%	0.21%
Selling, General & Admin	2.95M	3.19M	3.84M	6.87M	9.1M	10.35M	13.88M	25.09M	51.56M
SG&A % of Revenue	0.04%	0.07%	0.05%	0.18%	0.47%	0.17%	0.13%	0.23%	0.21%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	351K	374K	431K	1.02M	13.1M	487K
Operating Income+	10.01M	-8.13M	2.56M	-13.64M	-35.91M	11.13M	41.19M	14.44M	69.44M
Operating Margin %	0.14%	-0.18%	0.04%	-0.36%	-1.84%	0.18%	0.39%	0.13%	0.28%
Operating Income Growth %	-	-1.81%	1.31%	-6.33%	-1.63%	1.31%	2.7%	-0.65%	3.81%
EBITDA+	10.06M	-8.09M	2.64M	-13.56M	-31.97M	27.3M	62.91M	36.95M	124.47M
EBITDA Margin %	0.14%	-0.18%	0.04%	-0.35%	-1.64%	0.45%	0.59%	0.34%	0.5%
EBITDA Growth %	-	-1.8%	1.33%	-6.15%	-1.36%	1.85%	1.3%	-0.41%	2.37%
D&A (Non-Cash Add-back)	49.23K	45.4K	75.68K	81K	3.94M	16.17M	21.72M	22.5M	55.03M
EBIT	9.97M	-8.18M	2.48M	-13.64M	-35.9M	11.13M	41.19M	27.15M	69.44M
Net Interest Income+	-856.28K	-65.69K	153.23K	-5.66M	3.41M	-3.08M	-1.28M	-1.44M	498K
Interest Income	0	0	200K	0	7.7M	358K	244K	1.43M	3.29M
Interest Expense	856.28K	65.69K	5.68M	5.66M	4.29M	3.44M	1.53M	2.88M	2.8M
Other Income/Expense	-892.33K	195.45K	77.55K	-8.54M	8.88M	-3.7M	-5.65M	-2.94M	-1.97M
Pretax Income+	9.12M	-7.94M	2.64M	-22.18M	-27.03M	7.44M	35.54M	11.5M	67.48M
Pretax Margin %	0.13%	-0.18%	0.04%	-0.58%	-1.39%	0.12%	0.33%	0.11%	0.27%
Income Tax+	2.01M	1.56M	1.71M	1.58M	-1K	-13K	0	0	2.41M
Effective Tax Rate %	0.78%	0.8%	0.35%	1.07%	1%	1%	1%	1%	0.96%
Net Income+	7.11M	-6.38M	918.97K	-23.76M	-27.03M	7.45M	35.54M	11.5M	65.07M
Net Margin %	0.1%	-0.14%	0.01%	-0.62%	-1.39%	0.12%	0.33%	0.11%	0.26%
Net Income Growth %	-	-1.9%	1.14%	-26.86%	-0.14%	1.28%	3.77%	-0.68%	4.66%
Net Income (Continuing)	7.11M	-6.38M	918.97K	-23.76M	-27.03M	7.45M	35.54M	11.5M	65.07M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.00	-8.16	-0.68	-2.44	-3.88	0.24	0.85	0.22	0.78
EPS Growth %	-	-	0.92%	-2.59%	-0.59%	1.06%	2.54%	-0.74%	2.55%
EPS (Basic)	0.00	-8.16	-0.68	-2.44	-3.88	0.24	0.85	0.22	0.79
Diluted Shares Outstanding	0	780K	9.62M	9.62M	6.48M	32.79M	40.97M	50.81M	86.74M
Basic Shares Outstanding	0	780K	9.62M	9.62M	6.48M	32.79M	40.8M	50.34M	86.49M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	29.3M	25.47M	26.11M	18.02M	83.54M	24.62M	59.51M	147.45M	188.62M
Cash & Short-Term Investments	807	797K	397K	1.24M	63.64M	2.31M	19.01M	96.61M	58.46M
Cash Only	807	797K	397K	1.24M	63.64M	2.31M	19.01M	96.61M	58.46M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.92M	3.14M	12.59M	14.88M	6.95M	20.37M	37.63M	39.59M	100.59M
Days Sales Outstanding	30.41	25.46	63.88	141.51	130.1	122.03	129.07	133.05	147.61
Inventory	730.65K	646K	842K	261K	312K	440K	549K	1.84M	1.04M
Days Inventory Outstanding	4.59	4.73	4.69	2.13	2.48	4.12	3.98	11.97	2.98
Other Current Assets	22.61M	20.83M	12.17M	1.54M	12.47M	0	612K	0	11.88M
Total Non-Current Assets+	143.92K	124.26M	108.73M	250.02M	253.27M	400.15M	610.52M	1.11B	1.75B
Property, Plant & Equipment	64.56K	123.99M	108.52M	249.81M	253.07M	399.55M	606.49M	1.09B	1.72B
Fixed Asset Turnover	1100.30x	0.36x	0.66x	0.15x	0.08x	0.15x	0.18x	0.10x	0.14x
Goodwill	0	0	0	0	0	0	0	16.71M	17.76M
Intangible Assets	0	0	0	0	0	402K	419K	240K	427K
Long-Term Investments	0	0	0	0	0	0	3.01M	338K	0
Other Non-Current Assets	79.36K	271K	206K	210K	203K	195K	601K	1.22M	7.61M
Total Assets+	29.44M	149.73M	134.84M	268.03M	336.81M	424.77M	670.03M	1.25B	1.94B
Asset Turnover	2.41x	0.30x	0.53x	0.14x	0.06x	0.14x	0.16x	0.09x	0.13x
Asset Growth %	-	4.09%	-0.1%	0.99%	0.26%	0.26%	0.58%	0.87%	0.55%
Total Current Liabilities+	3.42M	27.33M	22.94M	31.23M	25.63M	53.86M	11.8M	53.62M	123.65M
Accounts Payable	193.42K	1.65M	1.79M	1.3M	4.37M	2.79M	3.98M	8.4M	11.58M
Days Payables Outstanding	1.22	12.09	10	10.62	34.68	26.14	28.85	54.76	33.21
Short-Term Debt	0	18.55M	14.46M	10.85M	9.63M	28.6M	772K	799K	31.16M
Deferred Revenue (Current)	0	0	0	0	0	1000K	1000K	0	1000K
Other Current Liabilities	3.23M	7.13M	6.54M	-10.85M	5.97M	1K	0	43.82M	1.05M
Current Ratio	8.57x	0.93x	1.14x	0.58x	3.26x	0.46x	5.04x	2.75x	1.53x
Quick Ratio	8.35x	0.91x	1.10x	0.57x	3.25x	0.45x	5.00x	2.72x	1.52x
Cash Conversion Cycle	33.79	18.1	58.58	133.02	97.9	100	104.2	90.25	117.39
Total Non-Current Liabilities+	2.5M	105.39M	101.24M	93.04M	70.11M	45.65M	117.66M	239.9M	579.48M
Long-Term Debt	0	105.39M	101.17M	0	63.87M	44.48M	114.23M	204.77M	539.85M
Capital Lease Obligations	0	0	0	87.95M	507K	209K	0	392K	9.7M
Deferred Tax Liabilities	0	0	0	134K	0	0	0	0	11.97M
Other Non-Current Liabilities	2.5M	0	0	0	0	-1K	2.11M	34.74M	16.2M
Total Liabilities	5.92M	132.72M	124.18M	124.27M	95.75M	99.51M	129.46M	293.52M	703.12M
Total Debt+	0	123.94M	115.63M	114.32M	74.29M	73.58M	115.28M	206.56M	581.99M
Net Debt	-807	123.14M	115.23M	113.07M	10.66M	71.27M	96.27M	109.96M	523.52M
Debt / Equity	-	7.29x	10.84x	-	0.31x	0.23x	0.21x	0.22x	0.47x
Debt / EBITDA	-	-	43.87x	-	-	2.69x	1.83x	5.59x	4.68x
Net Debt / EBITDA	-0.00x	-	43.72x	-	-	2.61x	1.53x	2.98x	4.21x
Interest Coverage	11.69x	-123.81x	0.45x	-2.41x	-8.37x	3.24x	26.94x	5.02x	24.84x
Total Equity+	23.53M	17M	10.66M	-13.1M	241.06M	325.26M	540.57M	959.04M	1.23B
Equity Growth %	-	-0.28%	-0.37%	-2.23%	19.4%	0.35%	0.66%	0.77%	0.29%
Book Value per Share	-	21.80	1.11	-1.36	37.18	9.92	13.19	18.88	14.23
Total Shareholders' Equity	23.53M	17M	10.66M	-13.1M	241.06M	325.26M	540.57M	959.04M	1.23B
Common Stock	104.92K	104K	104K	104K	15.56M	18.64M	26.57M	41.84M	47.14M
Retained Earnings	23.42M	16.9M	10.56M	-13.2M	-40.24M	-32.78M	3.11M	-7.37M	59.36M
Treasury Stock	0	0	0	0	0	0	0	0	-1.28M
Accumulated OCI	0	0	0	0	0	0	1.34M	-28.28M	29.18M
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	0	0	12.15M	-2.01M	-9.6M	30.2M	29.04M	63.38M	93.1M
Operating CF Margin %	-	-	0.17%	-0.05%	-0.49%	0.5%	0.27%	0.58%	0.37%
Operating CF Growth %	-	-	-	-1.17%	-3.77%	4.15%	-0.04%	1.18%	0.47%
Net Income	7.11M	-6.38M	-6.34M	-23.76M	-27.03M	7.45M	35.54M	11.5M	65.07M
Depreciation & Amortization	0	0	15.64M	15.64M	15.48M	16.48M	22.68M	23.05M	56.59M
Stock-Based Compensation	0	0	0	0	156K	-321K	352K	1.13M	1.66M
Deferred Taxes	0	0	0	0	-1.79M	158K	-13K	5.77M	1.26M
Other Non-Cash Items	-7.11M	6.38M	13.03M	9.77M	-6.57M	4.51M	923K	1.76M	1.02M
Working Capital Changes	0	0	-10.18M	-3.66M	10.15M	1.93M	-30.45M	20.17M	-32.51M
Change in Receivables	0	0	0	0	0	-2.42M	-18.03M	28.54M	-62.29M
Change in Inventory	0	0	-196K	581K	-51K	-128K	-109K	-1.14M	788K
Change in Payables	0	0	0	0	0	2.45M	660K	-16.09M	380K
Cash from Investing+	0	0	28K	-64K	-256.14M	-163.38M	-225.41M	-54.73M	-615.75M
Capital Expenditures	0	0	-172K	-64K	-256.14M	-163.38M	-225.41M	-66.93M	-615.54M
CapEx % of Revenue	-	-	0%	0%	13.13%	2.68%	2.12%	0.62%	2.47%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	200K	0	0	0	0	1.77M	-204K
Cash from Financing+	0	0	-12.58M	2.92M	338.81M	71.85M	213.07M	70.27M	481.99M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-12.58M	17.71M	-18.86M	-6.08M	-9.41M	-14.1M	-25.07M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	0	0	11.98M	-2.08M	-265.74M	-133.18M	-196.37M	-3.55M	-522.85M
FCF Margin %	-	-	0.17%	-0.05%	-13.63%	-2.19%	-1.85%	-0.03%	-2.1%
FCF Growth %	-	-	-	-1.17%	-127%	0.5%	-0.47%	0.98%	-146.41%
FCF per Share	-	-	1.25	-0.22	-40.99	-4.06	-4.79	-0.07	-6.03
FCF Conversion (FCF/Net Income)	-	-	13.22x	0.08x	0.36x	4.05x	0.82x	5.51x	1.43x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	30.22%	-31.48%	6.64%	-	-23.72%	2.63%	8.21%	1.53%	5.93%
Return on Invested Capital (ROIC)	31.91%	-7.45%	1.44%	-9.06%	-15.32%	2.58%	5.98%	1.27%	3.69%
Gross Margin	18.24%	-11%	8.9%	-16.73%	-135.57%	35.96%	52.71%	48.46%	48.84%
Net Margin	10.01%	-14.2%	1.28%	-61.91%	-138.62%	12.23%	33.4%	10.59%	26.16%
Debt / Equity	-	7.29x	10.84x	-	0.31x	0.23x	0.21x	0.22x	0.47x
Interest Coverage	11.69x	-123.81x	0.45x	-2.41x	-8.37x	3.24x	26.94x	5.02x	24.84x
FCF Conversion	-	-	13.22x	0.08x	0.36x	4.05x	0.82x	5.51x	1.43x
Revenue Growth	-	-36.74%	60.04%	-46.64%	-49.19%	212.49%	74.64%	2.07%	128.99%

Frequently Asked Questions

Valuation & Price

Cadeler A/S (CDLR) has a price-to-earnings (P/E) ratio of 27.7x. This suggests investors expect higher future growth.

Growth & Financials

Cadeler A/S (CDLR) reported $538.7M in revenue for fiscal year 2024. This represents a 658% increase from $71.0M in 2016.

Cadeler A/S (CDLR) grew revenue by 129.0% over the past year. This is strong growth.

Yes, Cadeler A/S (CDLR) is profitable, generating $269.6M in net income for fiscal year 2024 (26.2% net margin).

Dividend & Returns

Cadeler A/S (CDLR) has a return on equity (ROE) of 5.9%. This is below average, suggesting room for improvement.

Cadeler A/S (CDLR) had negative free cash flow of $664.2M in fiscal year 2024, likely due to heavy capital investments.

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Cadeler A/S (CDLR) 10-Year Financial Performance & Capital Metrics

CDLR • • Industrial / General

IndustrialsMarine ShippingOffshore Support ServicesOffshore Wind Installation

Revenue $249M +129.0%
EBITDA $124M +236.9%
Net Income $65M +465.9%
EPS (Diluted) 0.78 +254.5%
Gross Margin 48.84% +0.8%
EBITDA Margin 50.04% +47.1%
Operating Margin 27.92% +110.0%
Net Margin 26.16% +147.1%
ROE 5.93% +287.0%
ROIC 3.69% +190.2%
Debt/Equity 0.47 +119.0%
Interest Coverage 24.84 +394.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 45.3%
✓Trading near 52-week high

✗Weaknesses

✗Negative free cash flow
✗Shares diluted 70.7% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y45.32%

3Y59.82%

TTM198.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y105.93%

TTM2857.77%

EPS CAGR

10Y-

5Y-

3Y48.12%

TTM7575%

ROCE

10Y Avg2.91%

5Y Avg0.87%

3Y Avg4.72%

Latest4.61%

Peer Comparison

Offshore Wind Installation

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CDLRCadeler A/S	1.89B	21.60	27.69	128.99%	50.04%	18.64%		0.47
SMHISEACOR Marine Holdings Inc.	169.68M	6.29	-2.23	-2.92%	-16.08%	-14.19%		1.17

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	71.04M	44.94M	71.93M	38.38M	19.5M	60.94M	106.42M	108.62M	248.74M
Revenue Growth %	-	-0.37%	0.6%	-0.47%	-0.49%	2.12%	0.75%	0.02%	1.29%
Cost of Goods Sold+	58.08M	49.89M	65.52M	44.8M	45.94M	39.02M	50.33M	55.98M	127.25M
COGS % of Revenue	0.82%	1.11%	0.91%	1.17%	2.36%	0.64%	0.47%	0.52%	0.51%
Gross Profit+	12.96M	-4.95M	6.4M	-6.42M	-26.44M	21.91M	56.09M	52.64M	121.49M
Gross Margin %	0.18%	-0.11%	0.09%	-0.17%	-1.36%	0.36%	0.53%	0.48%	0.49%
Gross Profit Growth %	-	-1.38%	2.29%	-2%	-3.12%	1.83%	1.56%	-0.06%	1.31%
Operating Expenses+	2.95M	3.19M	3.84M	7.22M	9.48M	10.78M	14.9M	38.2M	52.05M
OpEx % of Revenue	0.04%	0.07%	0.05%	0.19%	0.49%	0.18%	0.14%	0.35%	0.21%
Selling, General & Admin	2.95M	3.19M	3.84M	6.87M	9.1M	10.35M	13.88M	25.09M	51.56M
SG&A % of Revenue	0.04%	0.07%	0.05%	0.18%	0.47%	0.17%	0.13%	0.23%	0.21%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	351K	374K	431K	1.02M	13.1M	487K
Operating Income+	10.01M	-8.13M	2.56M	-13.64M	-35.91M	11.13M	41.19M	14.44M	69.44M
Operating Margin %	0.14%	-0.18%	0.04%	-0.36%	-1.84%	0.18%	0.39%	0.13%	0.28%
Operating Income Growth %	-	-1.81%	1.31%	-6.33%	-1.63%	1.31%	2.7%	-0.65%	3.81%
EBITDA+	10.06M	-8.09M	2.64M	-13.56M	-31.97M	27.3M	62.91M	36.95M	124.47M
EBITDA Margin %	0.14%	-0.18%	0.04%	-0.35%	-1.64%	0.45%	0.59%	0.34%	0.5%
EBITDA Growth %	-	-1.8%	1.33%	-6.15%	-1.36%	1.85%	1.3%	-0.41%	2.37%
D&A (Non-Cash Add-back)	49.23K	45.4K	75.68K	81K	3.94M	16.17M	21.72M	22.5M	55.03M
EBIT	9.97M	-8.18M	2.48M	-13.64M	-35.9M	11.13M	41.19M	27.15M	69.44M
Net Interest Income+	-856.28K	-65.69K	153.23K	-5.66M	3.41M	-3.08M	-1.28M	-1.44M	498K
Interest Income	0	0	200K	0	7.7M	358K	244K	1.43M	3.29M
Interest Expense	856.28K	65.69K	5.68M	5.66M	4.29M	3.44M	1.53M	2.88M	2.8M
Other Income/Expense	-892.33K	195.45K	77.55K	-8.54M	8.88M	-3.7M	-5.65M	-2.94M	-1.97M
Pretax Income+	9.12M	-7.94M	2.64M	-22.18M	-27.03M	7.44M	35.54M	11.5M	67.48M
Pretax Margin %	0.13%	-0.18%	0.04%	-0.58%	-1.39%	0.12%	0.33%	0.11%	0.27%
Income Tax+	2.01M	1.56M	1.71M	1.58M	-1K	-13K	0	0	2.41M
Effective Tax Rate %	0.78%	0.8%	0.35%	1.07%	1%	1%	1%	1%	0.96%
Net Income+	7.11M	-6.38M	918.97K	-23.76M	-27.03M	7.45M	35.54M	11.5M	65.07M
Net Margin %	0.1%	-0.14%	0.01%	-0.62%	-1.39%	0.12%	0.33%	0.11%	0.26%
Net Income Growth %	-	-1.9%	1.14%	-26.86%	-0.14%	1.28%	3.77%	-0.68%	4.66%
Net Income (Continuing)	7.11M	-6.38M	918.97K	-23.76M	-27.03M	7.45M	35.54M	11.5M	65.07M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.00	-8.16	-0.68	-2.44	-3.88	0.24	0.85	0.22	0.78
EPS Growth %	-	-	0.92%	-2.59%	-0.59%	1.06%	2.54%	-0.74%	2.55%
EPS (Basic)	0.00	-8.16	-0.68	-2.44	-3.88	0.24	0.85	0.22	0.79
Diluted Shares Outstanding	0	780K	9.62M	9.62M	6.48M	32.79M	40.97M	50.81M	86.74M
Basic Shares Outstanding	0	780K	9.62M	9.62M	6.48M	32.79M	40.8M	50.34M	86.49M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	29.3M	25.47M	26.11M	18.02M	83.54M	24.62M	59.51M	147.45M	188.62M
Cash & Short-Term Investments	807	797K	397K	1.24M	63.64M	2.31M	19.01M	96.61M	58.46M
Cash Only	807	797K	397K	1.24M	63.64M	2.31M	19.01M	96.61M	58.46M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.92M	3.14M	12.59M	14.88M	6.95M	20.37M	37.63M	39.59M	100.59M
Days Sales Outstanding	30.41	25.46	63.88	141.51	130.1	122.03	129.07	133.05	147.61
Inventory	730.65K	646K	842K	261K	312K	440K	549K	1.84M	1.04M
Days Inventory Outstanding	4.59	4.73	4.69	2.13	2.48	4.12	3.98	11.97	2.98
Other Current Assets	22.61M	20.83M	12.17M	1.54M	12.47M	0	612K	0	11.88M
Total Non-Current Assets+	143.92K	124.26M	108.73M	250.02M	253.27M	400.15M	610.52M	1.11B	1.75B
Property, Plant & Equipment	64.56K	123.99M	108.52M	249.81M	253.07M	399.55M	606.49M	1.09B	1.72B
Fixed Asset Turnover	1100.30x	0.36x	0.66x	0.15x	0.08x	0.15x	0.18x	0.10x	0.14x
Goodwill	0	0	0	0	0	0	0	16.71M	17.76M
Intangible Assets	0	0	0	0	0	402K	419K	240K	427K
Long-Term Investments	0	0	0	0	0	0	3.01M	338K	0
Other Non-Current Assets	79.36K	271K	206K	210K	203K	195K	601K	1.22M	7.61M
Total Assets+	29.44M	149.73M	134.84M	268.03M	336.81M	424.77M	670.03M	1.25B	1.94B
Asset Turnover	2.41x	0.30x	0.53x	0.14x	0.06x	0.14x	0.16x	0.09x	0.13x
Asset Growth %	-	4.09%	-0.1%	0.99%	0.26%	0.26%	0.58%	0.87%	0.55%
Total Current Liabilities+	3.42M	27.33M	22.94M	31.23M	25.63M	53.86M	11.8M	53.62M	123.65M
Accounts Payable	193.42K	1.65M	1.79M	1.3M	4.37M	2.79M	3.98M	8.4M	11.58M
Days Payables Outstanding	1.22	12.09	10	10.62	34.68	26.14	28.85	54.76	33.21
Short-Term Debt	0	18.55M	14.46M	10.85M	9.63M	28.6M	772K	799K	31.16M
Deferred Revenue (Current)	0	0	0	0	0	1000K	1000K	0	1000K
Other Current Liabilities	3.23M	7.13M	6.54M	-10.85M	5.97M	1K	0	43.82M	1.05M
Current Ratio	8.57x	0.93x	1.14x	0.58x	3.26x	0.46x	5.04x	2.75x	1.53x
Quick Ratio	8.35x	0.91x	1.10x	0.57x	3.25x	0.45x	5.00x	2.72x	1.52x
Cash Conversion Cycle	33.79	18.1	58.58	133.02	97.9	100	104.2	90.25	117.39
Total Non-Current Liabilities+	2.5M	105.39M	101.24M	93.04M	70.11M	45.65M	117.66M	239.9M	579.48M
Long-Term Debt	0	105.39M	101.17M	0	63.87M	44.48M	114.23M	204.77M	539.85M
Capital Lease Obligations	0	0	0	87.95M	507K	209K	0	392K	9.7M
Deferred Tax Liabilities	0	0	0	134K	0	0	0	0	11.97M
Other Non-Current Liabilities	2.5M	0	0	0	0	-1K	2.11M	34.74M	16.2M
Total Liabilities	5.92M	132.72M	124.18M	124.27M	95.75M	99.51M	129.46M	293.52M	703.12M
Total Debt+	0	123.94M	115.63M	114.32M	74.29M	73.58M	115.28M	206.56M	581.99M
Net Debt	-807	123.14M	115.23M	113.07M	10.66M	71.27M	96.27M	109.96M	523.52M
Debt / Equity	-	7.29x	10.84x	-	0.31x	0.23x	0.21x	0.22x	0.47x
Debt / EBITDA	-	-	43.87x	-	-	2.69x	1.83x	5.59x	4.68x
Net Debt / EBITDA	-0.00x	-	43.72x	-	-	2.61x	1.53x	2.98x	4.21x
Interest Coverage	11.69x	-123.81x	0.45x	-2.41x	-8.37x	3.24x	26.94x	5.02x	24.84x
Total Equity+	23.53M	17M	10.66M	-13.1M	241.06M	325.26M	540.57M	959.04M	1.23B
Equity Growth %	-	-0.28%	-0.37%	-2.23%	19.4%	0.35%	0.66%	0.77%	0.29%
Book Value per Share	-	21.80	1.11	-1.36	37.18	9.92	13.19	18.88	14.23
Total Shareholders' Equity	23.53M	17M	10.66M	-13.1M	241.06M	325.26M	540.57M	959.04M	1.23B
Common Stock	104.92K	104K	104K	104K	15.56M	18.64M	26.57M	41.84M	47.14M
Retained Earnings	23.42M	16.9M	10.56M	-13.2M	-40.24M	-32.78M	3.11M	-7.37M	59.36M
Treasury Stock	0	0	0	0	0	0	0	0	-1.28M
Accumulated OCI	0	0	0	0	0	0	1.34M	-28.28M	29.18M
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	0	0	12.15M	-2.01M	-9.6M	30.2M	29.04M	63.38M	93.1M
Operating CF Margin %	-	-	0.17%	-0.05%	-0.49%	0.5%	0.27%	0.58%	0.37%
Operating CF Growth %	-	-	-	-1.17%	-3.77%	4.15%	-0.04%	1.18%	0.47%
Net Income	7.11M	-6.38M	-6.34M	-23.76M	-27.03M	7.45M	35.54M	11.5M	65.07M
Depreciation & Amortization	0	0	15.64M	15.64M	15.48M	16.48M	22.68M	23.05M	56.59M
Stock-Based Compensation	0	0	0	0	156K	-321K	352K	1.13M	1.66M
Deferred Taxes	0	0	0	0	-1.79M	158K	-13K	5.77M	1.26M
Other Non-Cash Items	-7.11M	6.38M	13.03M	9.77M	-6.57M	4.51M	923K	1.76M	1.02M
Working Capital Changes	0	0	-10.18M	-3.66M	10.15M	1.93M	-30.45M	20.17M	-32.51M
Change in Receivables	0	0	0	0	0	-2.42M	-18.03M	28.54M	-62.29M
Change in Inventory	0	0	-196K	581K	-51K	-128K	-109K	-1.14M	788K
Change in Payables	0	0	0	0	0	2.45M	660K	-16.09M	380K
Cash from Investing+	0	0	28K	-64K	-256.14M	-163.38M	-225.41M	-54.73M	-615.75M
Capital Expenditures	0	0	-172K	-64K	-256.14M	-163.38M	-225.41M	-66.93M	-615.54M
CapEx % of Revenue	-	-	0%	0%	13.13%	2.68%	2.12%	0.62%	2.47%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	0	0	200K	0	0	0	0	1.77M	-204K
Cash from Financing+	0	0	-12.58M	2.92M	338.81M	71.85M	213.07M	70.27M	481.99M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-12.58M	17.71M	-18.86M	-6.08M	-9.41M	-14.1M	-25.07M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	0	0	11.98M	-2.08M	-265.74M	-133.18M	-196.37M	-3.55M	-522.85M
FCF Margin %	-	-	0.17%	-0.05%	-13.63%	-2.19%	-1.85%	-0.03%	-2.1%
FCF Growth %	-	-	-	-1.17%	-127%	0.5%	-0.47%	0.98%	-146.41%
FCF per Share	-	-	1.25	-0.22	-40.99	-4.06	-4.79	-0.07	-6.03
FCF Conversion (FCF/Net Income)	-	-	13.22x	0.08x	0.36x	4.05x	0.82x	5.51x	1.43x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	30.22%	-31.48%	6.64%	-	-23.72%	2.63%	8.21%	1.53%	5.93%
Return on Invested Capital (ROIC)	31.91%	-7.45%	1.44%	-9.06%	-15.32%	2.58%	5.98%	1.27%	3.69%
Gross Margin	18.24%	-11%	8.9%	-16.73%	-135.57%	35.96%	52.71%	48.46%	48.84%
Net Margin	10.01%	-14.2%	1.28%	-61.91%	-138.62%	12.23%	33.4%	10.59%	26.16%
Debt / Equity	-	7.29x	10.84x	-	0.31x	0.23x	0.21x	0.22x	0.47x
Interest Coverage	11.69x	-123.81x	0.45x	-2.41x	-8.37x	3.24x	26.94x	5.02x	24.84x
FCF Conversion	-	-	13.22x	0.08x	0.36x	4.05x	0.82x	5.51x	1.43x
Revenue Growth	-	-36.74%	60.04%	-46.64%	-49.19%	212.49%	74.64%	2.07%	128.99%

Frequently Asked Questions

Valuation & Price

Cadeler A/S (CDLR) has a price-to-earnings (P/E) ratio of 27.7x. This suggests investors expect higher future growth.

Growth & Financials

Cadeler A/S (CDLR) reported $538.7M in revenue for fiscal year 2024. This represents a 658% increase from $71.0M in 2016.

Cadeler A/S (CDLR) grew revenue by 129.0% over the past year. This is strong growth.

Yes, Cadeler A/S (CDLR) is profitable, generating $269.6M in net income for fiscal year 2024 (26.2% net margin).

Dividend & Returns

Cadeler A/S (CDLR) has a return on equity (ROE) of 5.9%. This is below average, suggesting room for improvement.

Cadeler A/S (CDLR) had negative free cash flow of $664.2M in fiscal year 2024, likely due to heavy capital investments.