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Cadeler A/S Sponsored ADR (CDLR) AI Stock Analysis
Cadeler A/S Sponsored ADR
(NYSE:CDLR)
The score is driven mainly by strong profitability and positive earnings-call execution/backlog visibility, but is materially held back by persistent negative free cash flow and higher leverage/financing needs. Technicals are supportive but somewhat overbought, while valuation (low P/E) provides a secondary cushion.
Cadeler A/S Sponsored ADR (CDLR) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $2.49B
- Dividend Yield
- ―
- Average Volume (3M)
- 81.02K
- Price to Earnings (P/E)
- 10.3
- Beta (1Y)
- 0.81
- Revenue Growth
- 65.61%
- EPS Growth
- -14.16%
- Country
- US
- Employees
- 1,073
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
Cadeler A/S Sponsored ADR Business Overview & Revenue Model
Company Description
Cadeler A/S, founded in 2008 and headquartered in Copenhagen, Denmark, operates as a specialized contractor within the offshore wind sector. The company primarily focuses on the transportation and installation of wind farm components. In addition to...
How the Company Makes Money
Cadeler primarily makes money by contracting its specialized vessels and crews to offshore wind project customers under commercial service agreements. The core revenue stream is earned from offshore wind turbine generator (WTG) installation services,...
Cadeler A/S Sponsored ADR Earnings Call Summary
The call presented strong operational and financial progress: substantially higher adjusted revenue and EBITDA, improved utilization, a growing backlog, successful newbuild and M&A execution (Menck) and a solid balance sheet. Offsetting risks include increased operating costs and depreciation as the fleet scales, sizable near- and mid-term capital commitments (A-class, T-class, and Menck financing/refinancing), and the need to convert preferred supplier agreements into firm contracts. On balance the positive execution, backlog growth and strategic vertical integration outweigh near-term cost and financing uncertainties.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Cadeler reiterated its standalone FY26 guidance of revenue €854–€944m and EBITDA €420–€510m, while reporting Q2 revenue €282.8m (adjusted +432% YoY), Q2 EBITDA €160.6m (+106% YoY) and Q2 net profit €95m (+73% YoY); three‑month daily average turnover was €6.9m, fleet utilization rose to 85% (adjusted ~91%), vessel OpEx was €39,871/day, backlog stood at €2.5bn (77% FID, +23% YoY) providing strong earnings visibility, equity was €1.8bn with a 50% equity ratio, and cash was €206m (plus on‑loan RCFs €180m and a €40m HoldCo facility); corporate actions include the ~€500m Menck acquisition funded by a €380m bridge (take‑out term sheet €250m) with Menck generating positive cash from 11 Aug, A‑class financing €510m and remaining CapEx €425m, a T‑class down payment of €121m and pro‑forma available liquidity of ~€280m.
Cadeler A/S Sponsored ADR Financial Statement Overview
Summary
Strong income statement fundamentals (Income Statement Score 86) are offset by weak cash conversion (Cash Flow Score 38) with deeply negative free cash flow despite positive operating cash flow, plus a more leveraged balance sheet (Balance Sheet Score 62) that increases funding sensitivity.
Income Statement
86Very PositiveBalance Sheet
62PositiveCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 732.46M | 595.87M | 248.74M | 108.62M | 106.42M | 60.94M |
| Gross Profit | 347.74M | 365.05M | 121.49M | 52.64M | 56.09M | 21.91M |
| EBITDA | 386.37M | 407.01M | 126.87M | 50.20M | 59.75M | 27.36M |
| Net Income | 201.48M | 269.13M | 65.07M | 11.50M | 35.54M | 7.45M |
Balance Sheet | ||||||
| Total Assets | 3.54B | 3.42B | 1.94B | 1.25B | 670.03M | 424.77M |
| Cash, Cash Equivalents and Short-Term Investments | 206.19M | 151.61M | 58.46M | 96.61M | 19.01M | 2.31M |
| Total Debt | 1.60B | 1.62B | 581.99M | 206.56M | 115.28M | 73.58M |
| Total Liabilities | 1.77B | 1.91B | 703.12M | 293.52M | 129.46M | 99.51M |
| Stockholders Equity | 1.77B | 1.50B | 1.23B | 959.04M | 540.57M | 325.26M |
Cash Flow | ||||||
| Free Cash Flow | -331.38M | -862.50M | -522.85M | -3.55M | -196.37M | -133.18M |
| Operating Cash Flow | 359.75M | 324.40M | 93.10M | 63.38M | 29.04M | 30.20M |
| Investing Cash Flow | -718.23M | -1.21B | -615.75M | -54.73M | -225.41M | -163.38M |
| Financing Cash Flow | 519.16M | 983.74M | 481.99M | 70.27M | 213.07M | 71.85M |
Cadeler A/S Sponsored ADR Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CDLR, the sentiment is Positive. The current price of 25.84 is above the 20-day moving average (MA) of 24.03, above the 50-day MA of 24.19, and above the 200-day MA of 24.38, indicating a bullish trend. The MACD of 0.95 indicates Negative momentum. The RSI at 56.82 is Neutral, neither overbought nor oversold. The STOCH value of 26.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CDLR.
Cadeler A/S Sponsored ADR Risk Analysis
Cadeler A/S Sponsored ADR disclosed 46 risk factors in its most recent earnings report. Cadeler A/S Sponsored ADR reported the most risks in the "Legal & Regulatory" category.
Latest Risks Added
0 New RisksCadeler A/S Sponsored ADR Peers Comparison
Overall Rating
MTZ70Outperform- CDLR65Neutral
FLR55Neutral
PRIM55Neutral
MTRX53Neutral
ORN51Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| MTZ | 70Outperform | $15.91B | 27.12 | 13.99% | ― | 25.66% | 45.34% |
| CDLR | 65Neutral | $2.42B | 10.28 | 12.32% | ― | 65.61% | -14.16% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| FLR | 55Neutral | $6.42B | -3.95 | -57.08% | ― | -4.77% | -151.32% |
| PRIM | 55Neutral | $4.28B | 38.24 | 5.90% | 0.47% | -5.37% | -65.14% |
| MTRX | 53Neutral | $270.47M | 35.40 | -1.86% | ― | 13.56% | 91.27% |
| ORN | 51Neutral | $358.61M | 50.91 | 3.48% | ― | 10.96% | -40.56% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CDLR | Cadeler A/S Sponsored ADR | 25.84 | 8.78 | 51.47% | |
| FLR | Fluor Corporation | 47.61 | 3.03 | 6.80% | |
| MTZ | MasTec Inc | 167.61 | -29.05 | -14.77% | |
| MTRX | Matrix Service | 9.13 | -3.53 | -27.88% | |
| ORN | Orion Group Holdings | 7.84 | -2.45 | -23.81% | |
| PRIM | Primoris Services | 68.45 | -57.73 | -45.75% |
Cadeler A/S Sponsored ADR Corporate Events
Cadeler Reports 92.06% Acceptance in UK Redomiciliation Offer
Cadeler A/S is a pure-play offshore wind installation partner and global provider of turbine transport and installation services. It operates the industry’s largest fleet of jack-up offshore wind installation vessels and is expanding into found...
Cadeler Secures 92% Support for UK Redomiciliation and Plans Squeeze-Out, New Dual Listing in Early November
Cadeler A/S, a leading offshore wind installation specialist, is redomiciling its parent company from Denmark to the United Kingdom via a share exchange into newly formed Cadeler plc. The business, board and executive management of the Cadeler Group...
Cadeler Sets November Trading Suspension as Redomiciliation to UK Advances
Cadeler A/S, a Danish-based offshore wind installation specialist, is progressing with a redomiciliation of its parent company to the United Kingdom via an exchange offer into newly formed Cadeler plc. Following completion of the offer launched on 21...
Cadeler A/S Offer Period for UK Redomiciliation Share Exchange Set to Expire October 28
Cadeler A/S reminded investors on October 28, 2026 that the offer period for Cadeler plc’s voluntary share-exchange bid, tied to the group’s planned redomiciliation from Denmark to the United Kingdom, is scheduled to expire that day at 5:...
Cadeler Extends Share Exchange Deadline as UK Redomiciliation Nears Completion
Cadeler A/S has announced that the offer period for the voluntary share exchange by UK-registered Cadeler plc, part of the group’s planned redomiciliation from Denmark to the United Kingdom, has been extended. The deadline for shareholders to e...
Cadeler Share Exchange Offer for UK Redomiciliation Nears October 21 Deadline
Cadeler A/S reminded investors on October 21, 2026 that the voluntary share exchange offer by Cadeler plc, tied to the group’s planned redomiciliation from Denmark to the United Kingdom, is scheduled to expire that day at 5:00 PM Eastern Time /...
Cadeler Discloses Insider-Related Share Transactions Under EU Market Abuse Rules
On October 5, 2026, Cadeler A/S reported insider-related share transactions in accordance with EU Market Abuse Regulation article 19, highlighting activity by BW Altor Pte. Ltd., a company closely associated with board chair Andreas Sohmen-Pao. The d...
Cadeler Secures Independent Fairness Opinion on UK Redomiciliation Share-Exchange Offer
On September 21, 2026, Cadeler A/S announced an independent assessment of a voluntary share-exchange offer tied to its planned redomiciliation from Denmark to the United Kingdom. Under the proposal, shareholders in Cadeler A/S, including holders of A...
Cadeler Discloses Executive RSU Vesting and Share Deliveries Under 2024 Incentive Plan
On September 22, 2026, Copenhagen-based Cadeler A/S reported insider transactions involving its chief executive and chief financial officer under EU Market Abuse Regulation disclosure rules. The transactions reflect the vesting and settlement of awar...
Cadeler’s Nexra and Vattenfall Sign MoU to Develop Next-Gen Offshore Wind O&M Solutions
On September 21, 2026, Cadeler, via its offshore wind service platform Nexra, signed a memorandum of understanding with Vattenfall Vindkraft AB to collaborate on next-generation operations and maintenance solutions for the offshore wind sector. The t...
Cadeler Launches UK Redomiciliation via Share Exchange Offer
Cadeler A/S announced on September 21, 2026 that it is initiating a redomiciliation of its parent company from Denmark to the United Kingdom through a voluntary share exchange offer by newly incorporated Cadeler plc. The move keeps the underlying off...
Cadeler Raises 2026 Revenue and EBITDA Outlook After Menck Acquisition
Cadeler A/S has revised its financial outlook for 2026, lifting both full-year revenue and EBITDA guidance following its August 11, 2026 acquisition of Menck. The offshore wind installation specialist now expects revenue in the range of EUR 910 milli...
Cadeler Files U.S. Registration for Potential Move of Parent Company to UK
Cadeler A/S has announced that Cadeler Limited, to be renamed Cadeler plc, has publicly filed a registration statement on Form F-4 with the U.S. Securities and Exchange Commission as of August 27, 2026, for a potential redomiciliation of the group...
Cadeler Discloses Lexcor Master Fund Stake Falling Below 5% Threshold
Cadeler A/S reported on August 27, 2026, that Lexcor Master Fund’s combined direct and indirect ownership in the company fell below the 5% threshold earlier that week. On August 25, 2026, Lexcor’s shareholding declined to 3.50% of Cadeler...
Cadeler Delivers Strong H1 2026 Results and Acquires Menck to Bolster Offshore Wind Capabilities
On August 25, 2026, Cadeler A/S reported solid financial performance for the first half of 2026, noting that revenue and EBITDA more than doubled year-on-year when adjusted for prior one-off termination fees. The company also confirmed that its newbu...
Cadeler Posts Strong H1 2026 Results and Accelerates Offshore Wind Installation Expansion
Cadeler A/S, the Copenhagen-based offshore wind specialist, reported strong interim results for the first half of 2026, with revenue of EUR 408 million and EBITDA of EUR 208 million. The period from January 1 to June 30, 2026, was marked by high oper...
Cadeler Delivers Strong H1 2026 Results and Expands Offshore Wind Installation Capabilities
Cadeler reported interim financial results for the first half of 2026 on August 25, showing that its fleet-centric strategy in offshore wind installation is driving strong growth.Adjusted revenue more than doubled year-on-year to EUR 408 million and...
Cadeler Sets August 25 Date for H1 2026 Earnings Release and Webcast
Cadeler A/S announced on August 14, 2026 that it will publish its interim report for the first half of 2026 on August 25, 2026, with financial results to be released at around 08:00 CET on its investor website. The timing underscores the company̵...
Cadeler Seals EUR 501 Million Acquisition of Offshore Foundation Specialist Menck
On August 11, 2026, Cadeler’s executive management delivered an investor presentation detailing a definitive agreement to acquire 100% of Menck, a German technology leader in offshore wind foundation equipment and services. The deal, valued at...
Cadeler Acquires Offshore Foundation Specialist Menck in EUR 501 Million Deal
On August 11, 2026, Cadeler A/S announced the strategic acquisition of Menck, a leading provider of specialist offshore foundation installation equipment and technology, in a transaction valuing Menck at EUR 501 million. Cadeler will continue to oper...
Cadeler Orders Two Next-Generation Offshore Wind Installation Vessels from COSCO
On 10 August 2026, Copenhagen-based Cadeler announced it has signed firm contracts with COSCO Shipping Offshore in Qidong, China, to build two new T-class offshore wind installation vessels, scheduled for delivery in 2030 and 2031. The aggregate cont...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 27, 2026