Cadeler A/S (CDLR) intrinsic value & 10-year financials
Cadeler A/S (CDLR) has a Graham intrinsic value of €26.24 per share. Over the last 6 fiscal years revenue grew 78.6% a year to €620.4M, with an average return on invested capital of 3.8%.
- Graham intrinsic value
- €26.24
- Revenue (FY2025)
- €620.4M
- Revenue growth (6-yr CAGR)
- 78.6%
- ROIC (10-yr avg)
- 3.8%
- Free cash flow (FY2025)
- -€841.5M
CDLR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | €620.4M | €280.2M | €0.79 | -€841.5M | 51.2% | 6.1% |
| FY2024 | €248.7M | €65.1M | €0.19 | -€522.4M | 27.9% | 1.6% |
| FY2023 | €108.6M | €11.5M | €0.06 | -€3.5M | 13.3% | 1.7% |
| FY2022 | €106.4M | €35.5M | €0.22 | -€195.6M | 38.7% | 6.9% |
| FY2021 | €60.9M | €7.5M | €0.06 | -€132.7M | 18.3% | 2.8% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in EUR.
Executive summary
Cadeler A/S revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Cadeler A/S has historically struggled to out-earn its cost of capital, averaging just 3.8% ROIC.
Cadeler A/S capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Cadeler A/S is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $26.24 per share.