tiprankstipranks
Trending News
More News >
Cadeler A/S Sponsored ADR (CDLR)
:CDLR
US Market
Advertisement

Cadeler A/S Sponsored ADR (CDLR) AI Stock Analysis

Compare
69 Followers

Top Page

CDLR

Cadeler A/S Sponsored ADR

(NYSE:CDLR)

Select Model
Select Model
Select Model
Outperform 74 (OpenAI - 4o)
Rating:74Outperform
Price Target:
$23.50
▲(24.21% Upside)
Cadeler A/S's strong financial performance and strategic initiatives drive a positive outlook, reflected in a high earnings call score. Despite cash flow challenges, the company's robust revenue growth and undervaluation suggest potential for future gains. Technical indicators show a neutral trend, supporting a balanced view.

Cadeler A/S Sponsored ADR (CDLR) vs. SPDR S&P 500 ETF (SPY)

Cadeler A/S Sponsored ADR Business Overview & Revenue Model

Company DescriptionCadeler A/S is a leading provider of installation and transportation services for the offshore wind industry. The company specializes in the deployment of wind turbines and other large components, primarily serving clients in the renewable energy sector. With a focus on sustainability and efficiency, Cadeler utilizes advanced vessel technology and experienced personnel to support the growing demand for offshore wind energy worldwide.
How the Company Makes MoneyCadeler A/S generates revenue primarily through its offshore installation services, which involve the transportation and installation of wind turbines and other components for offshore wind farms. The company's revenue model is centered around long-term contracts with major energy companies and project developers, providing a steady income stream. Key revenue streams include mobilization fees for the use of specialized vessels, daily operating rates during installation projects, and performance bonuses for meeting specific project milestones. Additionally, Cadeler has established significant partnerships with leading players in the renewable energy sector, which enhance its market position and contribute to its earnings through collaborative projects and shared resources.

Cadeler A/S Sponsored ADR Earnings Call Summary

Earnings Call Date:Aug 26, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 20, 2025
Earnings Call Sentiment Positive
The earnings call reflects a strong financial performance with increased guidance and substantial backlog, driven by new contracts and efficient project management. While there are challenges such as the Hornsea 4 delay and uncertainty in the U.S. market, the company's strategic initiatives like Nexra and timely vessel deliveries indicate a positive outlook.
Q2-2025 Updates
Positive Updates
Above Expectation Financial Performance
Cadeler's financial performance in the first half of 2025 was above expectations with an increase in full-year guidance in July 2025. Revenue for Q2 was EUR 233.1 million, driven by termination fees and substantial growth compared to last year. The equity ratio remained solid at around 50%, and EBITDA increased from EUR 32 million to EUR 189 million.
Significant Backlog and New Contracts
Cadeler's backlog continued to strengthen, standing at EUR 2.5 billion even after the removal of the Hornsea 4 project. A new project in Taiwan, Formosa 4, was added to the backlog with healthy contract economics. The backlog includes a high level of final investment decisions at 97%.
On-schedule New Vessel Deliveries
The new vessel Wind Ally is ahead of schedule, with delivery expected at the end of September instead of November 2025. Wind Mover is also expected to be delivered slightly ahead of schedule in Q4 2025. All new builds are on or ahead of schedule and on budget.
Launch of Nexra Service Concept
Strong demand for O&M services led to the establishment of Nexra, Cadeler's service concept. The Wind Keeper vessel, secured through a long-term contract with Vestas, will undergo tailored upgrades to fit the Cadeler operating model and will start operations in Q1 2026.
Negative Updates
Hornsea 4 Project Delayed
The Hornsea 4 project was delayed by Orsted, resulting in its removal from Cadeler's backlog. Although the backlog remains strong, the project delay represents a significant challenge.
U.S. Market Challenges
The U.S. market constitutes less than 10% of Cadeler's total backlog, with the Revolution Wind project facing potential halts. The situation around this contract remains uncertain.
Company Guidance
During Cadeler's H1 2025 earnings call, the company provided guidance indicating an improvement in its financial performance, leading to an increase in full-year guidance in July 2025. The company's backlog was reported at EUR 2.5 billion, despite the removal of the Hornsea 4 project due to delays. Cadeler's fleet includes seven vessels currently on hire globally, with strong demand for operations and maintenance (O&M) services, particularly for larger turbines, prompting the establishment of Nexra, a new service concept. The company highlighted the acquisition and long-term contract for the Wind Keeper, a significant commercial achievement, with the vessel set to undergo upgrades before commencing operations in Q1 2026. For Q2 2025, Cadeler achieved a revenue of EUR 233.1 million, with a market capitalization of EUR 1.7 billion and an equity ratio of about 50%. The company adjusted its 2025 revenue outlook to a range of EUR 588-628 million and EBITDA to EUR 381-421 million, factoring in termination fees from Hornsea 4. Cadeler emphasized its strong financial position, ongoing new build projects, and strategic focus on expanding its fleet and enhancing service offerings.

Cadeler A/S Sponsored ADR Financial Statement Overview

Summary
Cadeler A/S demonstrates strong revenue growth and profitability with impressive margins. However, the company's cash flow position is concerning, with significant negative free cash flow, which could impact future investments and financial flexibility. The balance sheet shows a balanced leverage position, but cash flow management needs improvement.
Income Statement
85
Very Positive
Cadeler A/S shows strong revenue growth with a TTM increase of 57.57%, indicating robust demand or expansion. The company maintains healthy margins, with a gross profit margin of 51.95% and a net profit margin of 29.70% in the TTM. EBIT and EBITDA margins are also strong at 32.21% and 54.36%, respectively, reflecting efficient operations and cost management. However, the high growth rate may not be sustainable long-term, and the company should monitor for potential market fluctuations.
Balance Sheet
70
Positive
The balance sheet reflects a moderate debt-to-equity ratio of 0.87, suggesting a balanced approach to leveraging. Return on equity is relatively low at 7.39%, indicating room for improvement in generating returns for shareholders. The equity ratio stands at 49.51%, showing a solid equity base. While the company is not overly leveraged, the increase in total debt warrants attention to ensure financial stability.
Cash Flow
60
Neutral
Cadeler A/S faces challenges in cash flow management, with a negative free cash flow growth rate of -394.60% in the TTM, indicating significant cash outflows. The operating cash flow to net income ratio is 0.49, suggesting that not all earnings are translating into cash. The free cash flow to net income ratio is notably negative, highlighting potential liquidity issues. The company needs to focus on improving cash generation to support growth and operations.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue465.06M248.74M108.62M106.42M60.94M19.50M
Gross Profit297.99M124.51M48.76M56.89M22.06M-26.26M
EBITDA317.53M126.87M37.42M59.75M27.36M-7.26M
Net Income232.65M65.07M11.50M35.54M7.45M-27.03M
Balance Sheet
Total Assets2.77B1.94B1.25B670.03M424.77M336.81M
Cash, Cash Equivalents and Short-Term Investments53.03M58.46M96.61M19.01M2.31M63.64M
Total Debt1.21B581.99M206.56M115.28M73.58M74.29M
Total Liabilities1.40B703.12M293.52M129.46M99.51M95.75M
Stockholders Equity1.37B1.23B959.04M540.57M325.26M241.06M
Cash Flow
Free Cash Flow-845.71M-522.85M-3.55M-196.37M-133.18M-265.74M
Operating Cash Flow147.29M93.10M63.38M29.04M30.20M-9.60M
Investing Cash Flow-993.04M-615.75M-54.73M-225.41M-163.38M-256.14M
Financing Cash Flow803.97M481.99M70.27M213.07M71.85M338.81M

Cadeler A/S Sponsored ADR Technical Analysis

Technical Analysis Sentiment
Negative
Last Price18.92
Price Trends
50DMA
20.82
Negative
100DMA
20.88
Negative
200DMA
20.45
Negative
Market Momentum
MACD
-0.50
Positive
RSI
35.34
Neutral
STOCH
6.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CDLR, the sentiment is Negative. The current price of 18.92 is below the 20-day moving average (MA) of 20.49, below the 50-day MA of 20.82, and below the 200-day MA of 20.45, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 35.34 is Neutral, neither overbought nor oversold. The STOCH value of 6.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Cadeler A/S Sponsored ADR Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
83
Outperform
$1.37B4.8914.61%4.02%-7.24%-16.39%
74
Outperform
$1.66B6.3718.31%
69
Neutral
$1.58B3.5813.38%3.95%5.63%-17.54%
64
Neutral
$1.33B4.539.89%0.44%-0.47%-22.23%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
62
Neutral
$2.02B16.645.11%4.53%2.95%-61.74%
61
Neutral
$1.62B0.8159.06%55.87%43.57%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CDLR
Cadeler A/S Sponsored ADR
19.13
-8.19
-29.98%
CMRE
Costamare
11.27
1.30
13.04%
DAC
Danaos
85.94
3.94
4.80%
NMM
Navios Maritime Partners
45.00
-13.50
-23.08%
SBLK
Star Bulk Carriers
17.45
-1.53
-8.06%
ZIM
ZIM
13.64
-2.28
-14.32%

Cadeler A/S Sponsored ADR Corporate Events

Cadeler A/S CEO Purchases ADRs, Signaling Confidence
Oct 17, 2025

On October 16, 2025, Cadeler A/S reported a transaction involving the purchase of American Depositary Receipts (ADRs) by its CEO, Mikkel Gleerup. The transaction involved 1,000 ADRs, representing 4,000 shares, at an average price of USD 19.345 per ADR. This transaction highlights the ongoing engagement of Cadeler’s management in the company’s stock, potentially signaling confidence in the company’s future prospects and stability within the offshore wind industry.

Cadeler A/S Announces Significant Share Transactions by Key Stakeholders
Oct 1, 2025

On October 1, 2025, Cadeler A/S announced a series of share transactions involving BW Altor Pte. Ltd., a company closely associated with Andreas Sohmen-Pao, the Chairman of Cadeler’s Board of Directors. These transactions, which took place on September 30, 2025, involved the purchase of a significant number of shares across various price points on the Aquis Exchange Europe. The transactions highlight active engagement by key stakeholders, potentially impacting Cadeler’s market positioning and signaling confidence in the company’s strategic direction.

Cadeler A/S CFO Reports Sale of ADRs Amidst Regulatory Compliance
Sep 26, 2025

On September 23, 2025, Cadeler A/S reported a transaction involving the sale of 2,500 American Depositary Receipts (ADRs), representing 10,000 shares, by its Chief Financial Officer, Peter Brogaard Hansen. This transaction, conducted on the New York Stock Exchange, was part of the company’s ongoing compliance with the Market Abuse Regulation, highlighting transparency in managerial dealings. The sale, priced at USD 20.86 per ADR, totaled USD 52,150, reflecting Cadeler’s commitment to maintaining regulatory standards and providing stakeholders with pertinent financial disclosures.

Cadeler Expands Fleet with New A-Class Vessel for Hornsea 3 Project
Sep 25, 2025

Cadeler has successfully taken delivery of its first A-class vessel, Wind Ally, marking a strategic milestone in its fleet expansion. Delivered on September 25, 2025, ahead of schedule and within budget, Wind Ally will immediately commence operations at Ørsted’s Hornsea 3 offshore wind farm, taking on the full transport and installation scope for offshore monopile foundations. This move positions Cadeler as a full-service provider in the foundations market, enhancing its industry positioning and operational capabilities. The vessel’s unique design, tailored for XXL monopiles, offers unmatched efficiency and flexibility, further solidifying Cadeler’s role in advancing offshore wind projects.

Cadeler Secures Major Contract for Polish Offshore Wind Project
Sep 18, 2025

On September 18, 2025, Cadeler announced a firm contract with Ocean Winds for the transportation and installation of 26 Siemens Gamesa 14MW offshore wind turbines at the BC-Wind offshore wind farm in the Polish Baltic Sea. The contract is valued between EUR 49 million and EUR 58 million. This project, set to begin in 2028, marks Cadeler’s first direct contractual partnership with Ocean Winds and reinforces its strong position in Poland’s offshore wind market. The BC-Wind project will contribute significantly to Poland’s renewable energy goals by supplying clean electricity to nearly half a million households. Cadeler’s involvement in this project, along with its ongoing work on other Polish offshore wind farms, underscores its pivotal role in advancing Poland’s offshore wind energy sector.

Cadeler A/S Reports Significant Share Transactions by Key Associates
Sep 11, 2025

On September 10, 2025, Cadeler A/S reported transactions involving its shares by individuals with managerial responsibilities and those closely associated with them. Notably, BW Group Limited and BW Altor Pte. Ltd., entities associated with Andreas Sohmen-Pao, Chairman of Cadeler’s Board, executed significant share transactions. These transactions, involving the purchase and sale of 2,239,501 shares at an average price of NOK 52.00 each, reflect ongoing strategic financial activities within the company. Such movements could impact Cadeler’s market positioning and stakeholder interests, highlighting the active engagement of key figures in the company’s financial operations.

Cadeler A/S Announces Share Transactions by Board Member’s Associate
Sep 5, 2025

On September 5, 2025, Cadeler A/S announced a transaction involving the purchase of shares by Niki Invest ApS, a company closely associated with Ditlev Wedell-Wedellsborg, a member of Cadeler’s board of directors. The transactions, conducted on September 3 and 4, 2025, involved purchasing a total of 30,193 shares on the Oslo Stock Exchange at average prices of NOK 51.10 and NOK 51.50. These transactions reflect strategic financial movements within the company’s leadership, potentially impacting investor perceptions and Cadeler’s market positioning.

Cadeler A/S Reports Strong H1 2025 Results and Secures New Contracts
Aug 26, 2025

On August 26, 2025, Cadeler A/S announced its financial results for the first half of 2025, highlighting a strong performance that exceeded expectations. The company reported a robust contract backlog of EUR 2.5 billion, with significant projects in the pipeline, including a new long-term contract for its recently delivered vessel, Wind Keeper, and a firm contract for the Formosa 4 Offshore Wind Farm in Taiwan. The announcement underscores Cadeler’s strategic positioning in the growing offshore wind market, with ongoing projects and new contracts reinforcing its market presence.

Cadeler A/S Surpasses Expectations with Strong H1 2025 Financial Results
Aug 26, 2025

Cadeler A/S reported interim financial results for the first half of 2025, exceeding expectations with a significant increase in revenue and EBITDA. The company achieved a revenue of EUR 299 million, a 265% increase from the previous year, and an EBITDA of EUR 213 million. Cadeler’s fleet expansion strategy is on track with the delivery of new vessels and a focus on Operations & Maintenance, highlighted by the launch of its new division, Nexra. The company also secured a robust order book valued at EUR 2.5 billion, ensuring strong earnings visibility into 2026 and beyond.

Cadeler A/S Reports Strong H1 2025 Financial Performance Amid Fleet Expansion
Aug 26, 2025

On August 26, 2025, Cadeler A/S reported its interim financial results for the first half of 2025, showcasing a significant increase in revenue and EBITDA compared to the previous year. The company achieved a revenue of EUR 299 million and an EBITDA of EUR 213 million, driven by fleet expansion and strategic focus on operations and maintenance. The acquisition of the Wind Keeper vessel and the termination of the Hornsea 4 project were notable events, with the latter resulting in compensation and a revised financial outlook. Cadeler’s strategic positioning and fleet growth are set to support the evolving offshore wind sector, with a robust order book and plans for further vessel deliveries.

Cadeler Secures Contract for Formosa 4 Wind Farm in Taiwan
Aug 22, 2025

Cadeler A/S has secured a firm contract with Synera Renewable Energy for the transportation and installation of 35 Siemens Gamesa 14MW wind turbines at the Formosa 4 Offshore Wind Farm in Taiwan. This project, set to begin in March 2028, is part of Cadeler’s long-term strategy to expand its presence in the Asia-Pacific region, with the contract expected to generate between EUR 70 and 80 million in revenue. The Formosa 4 wind farm, located off the coast of Miaoli County, will significantly contribute to Taiwan’s green energy supply, providing 495 MW of clean offshore energy. This contract reflects Cadeler’s ongoing efforts to advance offshore wind projects in the region, supported by its local office in Taipei.

Cadeler A/S to Release H1 2025 Financial Results on August 26
Aug 5, 2025

On August 5, 2025, Cadeler A/S announced that it will release its H1 2025 Interim Report on August 26, 2025, detailing its financial performance for the first half of the year. The company will also host a live webcast presentation for the investment community, featuring CEO Mikkel Gleerup and CFO Peter Brogaard Hansen, to discuss the results and take questions from analysts. This event is significant for stakeholders as it provides insights into Cadeler’s financial health and strategic direction in the offshore wind industry.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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: Oct 11, 2025