# Cadeler A/S (each representing four (4)) (CDLR) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Industrials / Shipping. Price $25.60, market value $2.5 billion.

## Valuation
- **P/E (trailing): 10.2×** (5-yr avg 149.2×, 3-yr avg 149.2×). Cadeler A/S (each representing four (4)) trades at 10.2× trailing earnings, well below its own five-year average of 149.2×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×.
- **Price / sales: 3.0×**. Each dollar of revenue is priced at 3.0×.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.5×**. Enterprise value is 8.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -13.3%** (5-yr avg -6.6%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 9.8%**. The inverse of the P/E: 9.8% of the price is earned each year.

## Profitability
- **Gross margin: 47.5%**. Cadeler A/S (each representing four (4)) keeps 47.5% of revenue after the direct cost of what it sells.
- **Operating margin: 36.5%**. 36.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 45.2%**. 45.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.6%**. 18.6% on shareholders' equity is solid.
- **Return on invested capital: 9.2%**. Return on all capital, debt included, is 9.2%.
- **Return on assets: 5.9%**. Each dollar of assets produces 5.9% of profit.

## Growth
- **Revenue growth (1 yr): 149.4%** (3-yr 80.0%/yr). Revenue grew 149.4% over the last year.
- **EPS growth (1 yr): 315.8%** (3-yr 53.1%/yr). Earnings per share rose 315.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.99**. Debt is 0.99 times equity, moderate leverage.
- **Net debt / EBITDA: 3.2×**. It would take 3.2 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 4.2×**. Operating profit covers interest 4.2× over, a safe margin.
- **Current ratio: 1.11** (quick 1.11). Current assets cover the next year's liabilities 1.11 times.
- **Altman Z-score: 1.89**. A Z-score of 1.89 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Cadeler A/S (each representing four (4)) does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 48.4%** (YTD 47.9%, 3-mo 22.2%). The shares are up 48.4% over twelve months including dividends.
- **From 52-week high: -22.0%** (66.6% above the low). Trading 22% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 68**. An RSI of 68 is neutral.
- **Beta (1 yr): 1.29** (volatility 43%). Beta of 1.29 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CDLR · Page: https://foliofundamentals.com/stocks/cdlr

Not investment advice.