Cadeler AS
CDLR
21.77
-0.27
-1.23%
Cadeler AS
US · CDLR
#2737 by market cap
Listed 2023
21.77
-0.27
-1.23%
Live - 5344 symbols - heartbeat 440s ago
· 2026-10-08 05:01
Pre-market
21.49
-1.29%
After-hours
21.77
0.00%
- Market cap
- 2.10B
- P/E (TTM)i
- 9.00
- P/Bi
- 1.06
- EPSi
- 3.54
- Div yieldi
- 0.00%
- 52W posi
- 44%
Reader sentiment
Are you bullish or bearish on CDLR?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.30, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +149.40% YoY
Margins
- Gross margin
- 61.84%
- Operating margin
- 50.41%
- Net margin
- 45.17%
Key ratios & quality
- Enterprise valuei
- 3.56B
- PEG ratioi
- 0.09
- Altman Z-Scorei
- 1.30
PEG uses trailing P/E against the 3-year net income growth rate (99.02%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71.65M | 38.38M | 19.50M | 60.94M | 106.42M | 108.62M | 248.74M | 620.35M |
| Gross profit | 16.20M | -6.25M | -26.26M | 22.06M | 56.89M | 48.76M | 124.51M | 383.60M |
| Selling & admin expenses | 8.36M | 6.87M | 9.10M | 10.35M | 13.88M | 25.09M | 51.56M | 67.63M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 6.72M | -13.64M | -35.90M | 11.13M | 41.19M | 22.15M | 69.44M | 312.74M |
| Pretax profit | -4.63M | -22.18M | -27.03M | 7.44M | 35.54M | 11.50M | 67.48M | 287.86M |
| Tax | 1.71M | 1.58M | -1.00K | -13.00K | 0 | 0 | 2.41M | 7.68M |
| Net profit | -6.34M | -23.76M | -27.03M | 7.45M | 35.54M | 11.50M | 65.07M | 280.18M |
| Basic EPS | 0 | -1 | -4 | 0 | 1 | 0 | 1 | 3 |
| Diluted EPS | -0.22 | -0.82 | -4.16 | 0.24 | 0.88 | 0.24 | 0.76 | 3.16 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 65.47M | 233.06M | 154.25M | 167.57M | 124.73M | 282.80M |
| Gross profit | 20.92M | 177.39M | 95.66M | 89.64M | 26.76M | 134.30M |
| Selling & admin expenses | 16.22M | 16.98M | 17.63M | 16.80M | 19.92M | 20.77M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 4.83M | 163.12M | 79.68M | 65.11M | 7.79M | 113.53M |
| Pretax profit | 3.03M | 168.10M | 66.80M | 49.94M | -6.85M | 93.68M |
| Tax | 1.23M | 2.16M | 2.18M | 2.10M | 197.00K | -1.28M |
| Net profit | 1.80M | 165.94M | 64.62M | 47.84M | -7.05M | 94.95M |
| Basic EPS | 0 | 2 | 1 | 1 | 0 | 1 |
| Diluted EPS | 0.04 | 1.89 | 0.68 | 0.56 | -0.08 | 1.00 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 26.11M | 18.02M | 83.54M | 24.62M | 59.51M | 147.45M | 181.41M | 389.96M |
| Cash & ST investments | 397.00K | 1.24M | 63.64M | 2.31M | 19.01M | 96.61M | 51.25M | 151.68M |
| Inventory | 842.00K | 261.00K | 312.00K | 440.00K | 549.00K | 1.84M | 1.04M | 3.54M |
| Total assets | 134.84M | 111.17M | 336.81M | 424.77M | 670.03M | 1.25B | 1.94B | 3.42B |
| Total current liabilities | 22.94M | 31.23M | 25.63M | 53.86M | 11.80M | 53.62M | 123.65M | 351.08M |
| Short-term debt | 14.46M | 15.52M | 9.92M | 28.90M | 1.05M | 1.40M | 32.44M | 117.19M |
| Long-term debt | -- | -- | 63.87M | 44.48M | 114.23M | 204.77M | 539.85M | 1.49B |
| Total liabilities | 124,180,000.00 | 124,269,000.00 | 95,748,000.00 | 99,510,000.00 | 129,462,000.00 | 293,519,000.00 | 703,122,000.00 | 1,913,000,000.00 |
| Total equity | 10.66M | -13.10M | 241.06M | 325.26M | 540.57M | 959.04M | 1.23B | 1.50B |
| Retained earnings | 10.56M | -13.20M | -40.24M | -32.79M | 3.11M | -7.37M | 59.36M | 341.61M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 241.99M | 352.67M | 395.51M | 389.96M | 425.63M | 449.98M |
| Cash & ST investments | 94.11M | 53.03M | 217.76M | 151.68M | 221.30M | 206.19M |
| Inventory | 3.58M | 2.27M | 2.87M | 3.54M | 3.78M | 4.16M |
| Total assets | 2.46B | 2.77B | 3.06B | 3.42B | 3.54B | 3.54B |
| Total current liabilities | 203.00M | 357.84M | 371.24M | 351.08M | 326.07M | 277.28M |
| Short-term debt | 64.57M | 206.50M | 240.66M | 117.19M | 126.39M | 135.26M |
| Long-term debt | 995.47M | 993.60M | 1.18B | 1.49B | 1.46B | 1.46B |
| Total liabilities | 1,238,109,000.00 | 1,398,542,000.00 | 1,610,072,000.00 | 1,913,000,000.00 | 1,853,689,000.00 | 1,770,497,000.00 |
| Total equity | 1.23B | 1.37B | 1.45B | 1.50B | 1.68B | 1.77B |
| Retained earnings | 61.78M | 228.19M | 293.32M | 341.61M | 335.23M | 430.92M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 12.15M | -2.01M | -9.60M | 30.20M | 29.04M | 63.38M | 93.10M | 394.20M |
| Depreciation & amortization | 15.64M | 15.64M | 15.48M | 16.48M | 22.68M | 23.05M | 56.60M | 107.52M |
| Free cash flow | 11.98M | -2.08M | -265.74M | -133.18M | -196.37M | -3.55M | -522.85M | -842.98M |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock buybacks / issuance | -- | 0 | 284.38M | 79.22M | 183.25M | 0 | 153.67M | -1.72M |
| Ending cash balance | 397.00K | 1.24M | 63.64M | 2.31M | 19.01M | 96.61M | 51.25M | 151.68M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 20.39M | 51.10M | 214.03M | 108.68M | 42.21M | 37.28M |
| Depreciation & amortization | 18.82M | 25.72M | 29.11M | 33.87M | 39.13M | 47.18M |
| Free cash flow | -446.32M | -155.39M | -44.12M | -197.14M | -48.96M | -4.22M |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock buybacks / issuance | 0 | -1.72M | 0 | 0 | 174.20M | -516.00K |
| Ending cash balance | 80.03M | 38.92M | 217.76M | 151.68M | 221.30M | 206.19M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -45.83 | 0.43 | -12.33 | 2.63 | 8.21 | 1.53 | 5.93 | 20.47 |
| ROA %i | -4.46 | 0.22 | -8.94 | 1.96 | 6.49 | 1.20 | 4.08 | 10.47 |
| ROIC %i | -1.75 | -3.11 | -13.79 | 3.05 | 6.98 | 1.42 | 4.33 | 12.13 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -1.08 | 7.76 |
| EBIT margin %i | 1.47 | 15.11 | -116.61 | 17.85 | 34.83 | 13.23 | 28.25 | 49.94 |
| FCF / sales %i | 16.72 | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.14 | 0.58 | 3.26 | 0.46 | 5.04 | 2.75 | 1.47 | 1.11 |
| Quick ratioi | 1.10 | 0.57 | 3.24 | 0.42 | 4.85 | 2.54 | 1.23 | 1.06 |
| Debt / assetsi | 85.75 | 93.07 | 22.06 | 17.32 | 17.21 | 16.49 | 30.05 | 47.54 |
| LT debt / equityi | 948.82 | -- | 26.70 | 13.74 | 21.13 | 21.39 | 44.54 | 100.23 |
| Interest coveragei | 0.19 | 1.54 | -5.30 | 3.16 | 24.24 | 5.00 | 25.13 | 14.11 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -5.26 | 40.49 | 77.26 | 59.82 | 79.97 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | 105.93 | 99.02 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 7.49 | 18.45 | 20.91 | 20.47 | 18.67 | 12.74 |
| ROA %i | 4.44 | 10.67 | 11.04 | 10.47 | 9.05 | 6.35 |
| ROIC %i | 4.80 | 11.35 | 12.01 | 12.13 | 10.90 | 8.64 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 32.21 | 51.49 | 53.34 | 49.94 | 47.39 | 36.54 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.19 | 0.99 | 1.07 | 1.11 | 1.31 | 1.62 |
| Quick ratioi | 1.10 | 0.89 | 1.01 | 1.06 | 1.25 | 1.53 |
| Debt / assetsi | 43.43 | 43.70 | 46.89 | 47.54 | 45.10 | 45.30 |
| LT debt / equityi | 82.05 | 73.22 | 82.46 | 100.23 | 87.30 | 82.90 |
| Interest coveragei | 25.15 | 111.75 | 25.25 | 14.11 | 7.31 | 4.24 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Time charter services and transportation and installation services is the largest reported line at 79.06% of revenue, across 2 reported segments.
- The next-largest line, Other revenue, including fees earned for early termination of contracts by customers, is a distant second at 20.94% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Time charter services and transportation and installation services79.06%
Other revenue, including fees earned for early termination of contracts by customers20.94%
Region
United States22.67%
UK21.23%
Taiwan19.84%
Denmark16.52%
Germany9.74%
Poland9.43%
Rest of Europe0.58%
Quote time 2026-10-08 05:01:21 · For reference only, not investment advice and not tailored to your situation.