Added to YB: 2025-07-02
Pitch date: 2025-07-01
CDLR [neutral]
Cadeler A/S
+9.2%
current return
Author Info
MVC Investing is a long-term investor. BSc in Economics, MSc in Finance. Equity Analyst with a focus on Fundamental Analysis and Valuation. Sign up for the newsletter.
Company Info
Cadeler A/S, together with its subsidiaries, operates as an offshore wind installation vessel contractor in Denmark, the United Kingdom, Germany, Poland, rest of Europe, the United States, and Taiwan.
Market Cap
NOK 1.9B
Pitch Price
NOK 52.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.19
P/E
7.03
EV/Sales
4.74
Sector
Construction and Engineering
Category
value
Portfolio Update – 06/30/2025 – H1 Review - Cadeler A/S
CDLR (holding update): Strong execution but may trim if cash needed. Bargain valuation with uncorrelated, low-volatility returns. Concerns: capital-intensive industry like NBIS, debt-funded vessel expansion, limited ADR investor base, and Trump-related wind sector sentiment (despite only 10% NA backlog).
Read full article (1 min)