CDLR

Cadeler

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Industrials

industry

Engineering & Construction

Exchange

NYSE

County of HQ

Denmark

Next Earnings Date

05/20/26

Business Summary

Cadeler operates specialized marine and engineering assets focused on offshore infrastructure installation, generating cash through long-term project contracts in capital-intensive environments. The business model depends on deploying high-value vessels and technical expertise to execute complex installation projects, where operational precision drives margin capture. Its moat is rooted in asset specialization, regulatory know-how, and the logistical difficulty of replicating its fleet capabilities. Cash generation hinges on maintaining high utilization rates and disciplined cost control, which is reflected in its current operating margin strength.

 


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VALUATION

P/E

7

Market Cap ($M USD)

$2,393

Forward P/E

-

PEG

-

PRICE TO SALES

3.2

PRICE TO BOOK

1.4

EV / EBITDA

9.2

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$3.55

Next Year EPS Growth Estimate

-

Next Year Revenue Growth Estimate

33.50%

Return on Equity (ROE)

18.60%

FREE CASH FLOW

Operating Margin

53.00%

Debt-to-Equity

1

Piotroski F-Score

7

Altman Z-Score

1.4

Return on Invested Capital (ROIC)

9.80%

Current Ratio

1.1

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

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Gainseekers Quantitative Analysis

Summary

At 7x earnings with a 33.50% ROE, CDLR screens statistically cheap, but this is not a clean value story. The absence of a Forward P/E and PEG removes visibility into earnings durability, while the Altman Z-Score of 1.4 places the company in financial distress territory despite a respectable Piotroski F-Score of 7. The market is clearly discounting something material: either earnings normalization risk (EPS dropping to an estimated $3.55 next year) or balance sheet fragility. This is a classic deep-value setup where current profitability looks strong, but forward uncertainty and solvency risk prevent re-rating.

AI Exposure / Tech Reliance

As an Engineering & Construction company, CDLR operates in a capital-intensive sector that can benefit from automation, predictive maintenance, and AI-driven project optimization. The industry’s adoption of digital project modeling and data-driven logistics can enhance margins, which aligns with its already solid 18.60% operating margin. However, technological advantage is execution-driven rather than platform-driven, meaning resilience depends more on operational discipline than proprietary AI leverage.

The Bull Case

A GARP or deep value investor buys this because the profitability metrics are too strong to ignore. A 33.50% return on equity paired with a 9.80% ROIC indicates the company is generating returns well above its cost structure, and an 18.60% operating margin in this sector reflects disciplined project execution. The Piotroski F-Score of 7 signals improving financial quality and operational strength, not deterioration. Trading at 7x earnings and 1.4x book with a 3.2x sales multiple, the stock implies skepticism that may be excessive if current earnings power proves even partially sustainable.

The Bear Case

Now the reality check: the Altman Z-Score of 1.4 is a flashing red warning sign, signaling elevated bankruptcy risk despite current profitability. Debt/Equity at 53.00% combined with a thin 1.1 current ratio leaves little room for error in a cyclical, capital-heavy business. EPS is projected to fall from 9.2 to 3.55 next year, a dramatic compression that could justify the low multiple and suggests earnings volatility rather than stability. The lack of forward growth metrics and missing short interest transparency further clouds the risk profile—this is not a stable compounder, it’s a leveraged cyclical bet.

Market Sentiment & Smart Money

Short Interest %

1.30%

Analyst Consensus

2

Average Analyst Price Target

$29.00

Institutional Ownership %

26.70%

1-Year Beta

0.99

Insider Buying % (6 Mo)

0.00%%

Distance to 52-Week High

96.40%

Distance to 52-Week Low

167.90%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.