CDLR
IndustrialsCadeler A/S · Marine Shipping · $2B
What is Cadeler A/S?
Cadeler A/S is a Copenhagen-based offshore wind installation contractor that transports, installs, and maintains wind turbines at sea. The company operates a fleet of specialized jack-up vessels purpose-built for the demands of the offshore wind industry.
Cadeler earns revenue by deploying its jack-up installation vessels to offshore wind projects across Europe and beyond. Clients hire the company to handle the full project lifecycle — from transporting turbine components to installation, maintenance, and eventually decommissioning. The business also provides marine and engineering services, making it a broad-based offshore wind services provider rather than a pure-play installer.
Cadeler was incorporated in 2008 and is headquartered in Copenhagen, Denmark.
- Offshore wind turbine transportation and installation
- Wind farm maintenance and inspection services
- Decommissioning services for offshore structures
- Marine and engineering consulting services
Is CDLR a Good Stock to Buy?
UQS Score rates CDLR as Good overall, reflecting a balanced profile with meaningful strengths and notable risks.
The Growth pillar stands out as the clearest positive — Cadeler operates in one of the fastest-expanding segments of the energy transition, and its business fundamentals reflect that tailwind. The Valuation pillar is rated Attractive, suggesting the market may not yet be fully pricing in the company's growth trajectory. Quality is rated Good, indicating a reasonably sound operational foundation.
The Risk pillar is rated Weak, which warrants attention — offshore wind installation is capital-intensive and exposed to project delays, vessel utilization swings, and contract concentration. The Moat pillar is Neutral, reflecting a competitive market for specialized installation capacity.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CDLR pay dividends?
No — Cadeler A/S does not currently pay a dividend.
Cadeler does not currently pay a dividend. As a growth-oriented offshore wind contractor, the company prioritizes reinvesting capital into fleet expansion and contract capacity. Investors seeking income from this sector should be aware that CDLR is structured for capital appreciation rather than yield distribution at this stage of its development.
When does CDLR report earnings?
Cadeler reports earnings on a quarterly cadence, consistent with standard practice for internationally listed equities.
The company's Growth pillar rating of Strong suggests its top-line trajectory has been expanding, driven by increasing demand for offshore wind installation capacity across European and global markets. Vessel utilization and contract backlog are key indicators investors tend to monitor closely.
For the most recent quarter's results and guidance, visit Cadeler's official investor relations page.
CDLR Price History
+39.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Cadeler A/S?
Based on Cadeler A/S's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CDLR Long-term Outlook
Cadeler's fundamental outlook is shaped by the accelerating global build-out of offshore wind capacity, which underpins its Strong Growth pillar rating. The Attractive Valuation label suggests the stock may offer room for re-rating as the backlog matures. However, the Weak Risk pillar is a meaningful counterweight — execution risk, vessel scheduling, and project financing conditions in the offshore sector can create earnings volatility.
Growth drivers
- Expanding global offshore wind installation pipeline across Europe and Asia-Pacific
- Fleet growth enabling larger and more complex turbine installation contracts
- Long-term energy transition policy tailwinds supporting sustained project demand
Key risks
- High capital intensity and potential for project delays or contract cancellations
- Vessel utilization risk during periods of market oversupply or project deferrals
- Valuation re-rating risk if growth execution disappoints relative to current expectations
CDLR vs Peers
Cadeler operates in the broader maritime and offshore services space alongside several publicly listed peers, each with a distinct business focus.
Westshore focuses on bulk commodity terminal operations in Canada rather than offshore wind, making it a very different risk and revenue profile compared to Cadeler's project-based installation model.
Danaos is a container ship owner and operator, competing in the broader maritime vessel market but without exposure to the offshore wind installation niche that defines Cadeler's business.
Costamare operates containerships and dry bulk vessels, sharing the capital-intensive vessel ownership model with Cadeler but serving entirely different end markets and customer bases.
Frequently Asked Questions
What does Cadeler A/S do?
Cadeler A/S is an offshore wind installation contractor headquartered in Copenhagen, Denmark. The company owns and operates jack-up vessels used to transport and install offshore wind turbines. It also provides maintenance, decommissioning, and marine engineering services across the offshore wind industry.
Does CDLR pay dividends?
No, Cadeler does not currently pay a dividend. The company is in a growth phase and reinvests capital into expanding its fleet and securing new installation contracts. Investors focused on income should factor this into their assessment of CDLR.
When does CDLR report earnings?
Cadeler reports on a quarterly cadence. Specific upcoming dates are not covered by our data source — check the company's investor relations page for the current earnings calendar and any guidance updates.
Is CDLR a good stock to buy?
UQS Score rates CDLR as Good overall. The Growth pillar is Strong and Valuation is Attractive, but the Risk pillar is rated Weak, reflecting the capital-intensive and project-dependent nature of offshore wind installation. The full pillar breakdown is available to Pro members.
Is CDLR overvalued?
The UQS Valuation pillar for CDLR is rated Attractive, suggesting the stock may be reasonably priced relative to its growth profile. Valuation in capital-intensive sectors like offshore wind installation can shift quickly with contract wins or project delays, so ongoing monitoring matters.
How does CDLR compare to its competitors?
Cadeler's listed peers — Danaos, Costamare, and Westshore Terminals — operate in adjacent maritime or infrastructure sectors but lack direct exposure to offshore wind installation. Cadeler's niche focus gives it a differentiated position, though the competitive landscape for specialized installation vessels is evolving as the market grows.
What is CDLR's market cap bracket?
Cadeler is classified as a mid-cap company. This places it in a segment that often balances growth potential with greater liquidity than small-cap peers, though mid-caps can still experience meaningful price volatility tied to contract news and sector sentiment.
Who founded Cadeler A/S?
Cadeler was incorporated in 2008. Detailed founding history and leadership background are publicly available through the company's official website and investor relations materials.
Is CDLR a long-term quality investment?
From a long-term quality perspective, CDLR's Strong Growth pillar and Attractive Valuation are encouraging signals. The Weak Risk pillar is the key variable to watch — offshore wind installation involves project concentration and capital cycle risk that can affect long-term consistency. Pro members can view the complete quality analysis.
What is the main competitive advantage of Cadeler A/S?
Cadeler's primary competitive advantage lies in its specialized fleet of offshore jack-up installation vessels, which are expensive and time-consuming to build. This creates a degree of supply-side constraint in the market. However, the UQS Moat pillar is rated Neutral, reflecting that this advantage is not yet decisively wide relative to sector peers.
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Pro Analysis
CDLR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 11, 2026 | 67.7 | 64.1 | 47.0 | 100.0 | 36.3 | 96.3 | -1.4 |
| May 10, 2026 | 69.1 | 69.6 | 47.0 | 100.0 | 36.3 | 96.5 | +1.3 |
| May 8, 2026 | 67.8 | 64.1 | 47.0 | 100.0 | 36.3 | 96.9 | 0.0 |
| May 1, 2026 | 67.8 | 64.1 | 47.0 | 100.0 | 36.3 | 97.1 | 0.0 |
| Apr 23, 2026 | 67.8 | 64.1 | 47.0 | 100.0 | 36.3 | 97.3 | 0.0 |
| Apr 22, 2026 | 67.8 | 64.1 | 47.0 | 100.0 | 36.3 | 97.4 | -0.1 |
| Apr 21, 2026 | 67.9 | 64.1 | 47.0 | 100.0 | 36.3 | 97.8 | 0.0 |
| Apr 18, 2026 | 67.9 | 64.1 | 47.0 | 100.0 | 36.3 | 97.6 | -0.3 |
| Apr 2, 2026 | 68.2 | 64.1 | 47.0 | 100.0 | 36.3 | 100.0 | — |
CDLR — Pillar Breakdown
Quality
— 64.1/100 (25%)Cadeler A/S shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 100.0/100 (20%)Cadeler A/S is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 36.3/100 (15%)Cadeler A/S has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 96.5/100 (15%)Cadeler A/S appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 47/100 (25%)Cadeler A/S possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CDLR.
Score Composition
Financial Data
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How is the CDLR UQS Score Calculated?
The UQS (Unified Quality Score) for Cadeler A/S is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Cadeler A/S's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Cadeler A/S is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.