Company Valuation: Cadeler plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 506.8 720.7 1,304 1,893 1,426 2,355 - -
Change - 42.2% 80.89% 45.24% -24.68% 65.1% - -
Enterprise Value (EV) 1 577.6 816.6 1,414 2,417 2,899 4,382 4,003 3,638
Change - 41.4% 73.09% 70.98% 19.94% 51.16% -8.64% -9.14%
P/E 61x 16.6x 69.8x 28.4x 5.15x 9.39x 5.05x 6.6x
PBR 1.3x 1.33x 1.36x 1.53x 0.95x 1.15x 0.94x 0.83x
PEG - 0x -1x 0x 0x -0.5x 0.1x -0.3x
Capitalization / Revenue 8.32x 6.77x 12x 7.6x 2.3x 2.4x 1.75x 2.01x
EV / Revenue 9.48x 7.67x 13x 9.71x 4.67x 4.47x 2.97x 3.1x
EV / EBITDA 20.9x 12.8x 28.2x 19.2x 6.82x 8.73x 5.2x 5.48x
EV / EBIT 51.9x 19.8x 97.9x 34.8x 9.12x 13.3x 6.94x 7.84x
EV / FCF -4.35x -4.18x -448x -4.63x -3.44x -6.1x 9.73x 9.14x
FCF Yield -23% -23.9% -0.22% -21.6% -29% -16.4% 10.3% 10.9%
Dividend per Share 2 - - - - - - - 0.56
Rate of return - - - - - - - 9.18%
EPS 2 0.06 0.22 0.06 0.19 0.79 0.65 1.208 0.925
Distribution rate - - - - - - - 60.5%
Net sales 1 60.94 106.4 108.6 249 620.4 980 1,348 1,172
EBITDA 1 27.61 63.88 50.2 126 425.3 501.9 769.6 664.2
EBIT 1 11.13 41.19 14.44 69.44 317.7 329 577 463.8
Net income 1 7.451 35.54 11.5 65.07 280.2 239.2 447 346.5
Net Debt 1 70.77 95.99 110 523.5 1,473 2,027 1,649 1,283
Reference price 2 3.657 3.647 4.186 5.398 4.069 6.102 6.102 6.102
Nbr of stocks (in thousands) 138,574 197,600 311,410 350,743 350,479 385,884 - -
Announcement Date 3/29/22 A 3/28/23 A 3/26/24 A 3/25/25 A 3/24/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.39x4.24x8.28x-.--% 2.37B
42.09x2.07x19.46x0.08% 81.5B
12.37x1.05x5.8x4.71% 68.95B
27.42x2.08x20.98x1.08% 60.28B
54.67x4.3x26.89x1.8% 42.44B
20.08x2.41x13.41x0.33% 35.54B
25.22x0.63x10.34x2.46% 30.67B
5.94x0.37x7.08x4.76% 29.14B
17.65x1.22x11.04x0.25% 26.64B
20.68x0.39x6.14x2.94% 25.8B
Average 23.55x 1.88x 12.94x 1.84% 40.33B
Weighted average by Cap. 27.13x 1.78x 14.54x 1.94%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cadeler plc

Historical PBR trend

Valuation ratios - PBR - Cadeler plc

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cadeler plc

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cadeler plc


Year-on-year evolution of the Yield

Valuation ratios - Yield - Cadeler plc
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