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Cadeler A/S(CDLR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CDLR
10/26/2026: CDLR (1-star) is currently NOT-A-BUY. Pass it for now.
Cadeler A/S is a specialized offshore wind services provider that operates a fleet of heavy-lift jack-up vessels designed for large-scale wind turbine installation. The company has a leading position in the niche for installing next-generation turbines, supported by a significant multi-year contract backlog. Its primary investment story centers on the global expansion of offshore wind infrastructure, which creates sustained demand for its specialized equipment. Risks include high capital intensity, operational execution challenges, and potential project delays in the renewable energy sector. Cadeler may suit growth-oriented investors looking for exposure to the energy transition, though investors should monitor fleet utilization rates and long-term debt levels.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Cadeler operates in the high-growth renewable energy infrastructure sector, benefiting from the global energy transition. |
| Momentum investor | Mixed fit | The stock's movement is highly correlated with renewable energy project cycles and news flows. |
| Value investor | Weak fit | As a capital-intensive growth company, it currently trades based on future potential rather than current cash-flow-based value multiples. |
| Dividend investor | Weak fit | The company focuses on fleet reinvestment rather than consistent dividend payouts. |
| Low-risk investor | Weak fit | Operational risks, high capital costs, and industry cyclicality make this a higher-volatility holding. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is susceptible to changes in energy sector sentiment and broader market conditions. |
| Valuation risk | Medium | Future growth expectations are baked into the share price, leaving limited room for execution disappointment. |
| Competition risk (maritime construction) | Medium / high | Cadeler competes against large, well-capitalized maritime firms with diverse operational portfolios. |
| Business quality | Medium | The business model provides high barriers to entry but is reliant on the timely delivery of large-scale capital assets. |
| Dividend income | Low / none | Investors should expect capital appreciation rather than recurring income from dividends. |
| Execution risk | Medium / high | Success depends on managing complex marine logistics and adhering to strict wind farm construction timelines. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 13.09% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/26/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.42B USD | Price to earnings Ratio 9.96 | 1Y Target Price 34 |
Price to earnings Ratio 9.96 | 1Y Target Price 34 | ||
Volume (30-day avg) 84.6K shares | Beta 0.74 | 52 Weeks Range 15.37 - 30.01 | Updated Date 10/25/2026 |
52 Weeks Range 15.37 - 30.01 | Updated Date 10/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.52 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Offshore Installation | Chartering of heavy-lift jack-up vessels to energy developers for wind turbine installation. | Cadeler earns money by renting out specialized ships that build large wind farms at sea. |
| Geography | Operations primarily focused on European and North Sea offshore wind hubs, with increasing activity in global markets. | Revenue is tied to the strength of European offshore wind development, but it is expanding globally. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 9.96 | Forward PE 15.92 | Enterprise Value 3.24B | Price to Sales(TTM) 3.32 |
Enterprise Value 3.24B | Price to Sales(TTM) 3.32 | ||
Enterprise Value to Revenue 5.95 | Enterprise Value to EBITDA 8.71 | Shares Outstanding 96.47M | Shares Floating 56.81M |
Shares Outstanding 96.47M | Shares Floating 56.81M | ||
Percent Insiders - | Percent Institutions 3.94 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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