Market Pulse44Neutral

Cadeler A/S(CDLR) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$22.80

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$22.80
Price
$445.37
Intrinsic Value
Undervalued by 1853%MOS: $356.30

Fundamental Score

68/100
Bullish

Weighted across 6 signals

Narrative Score

51/100
Weak

No change vs previous

Trend Score

0/100
Unavailable

Trend data unavailable

The intrinsic value of Cadeler A/S (CDLR) is estimated at $445.37 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $22.80, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 14.38% long-term growth rate and a 10.00% discount rate (calculated: 6.13%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Cadeler A/S (CDLR) is estimated at $445.37 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $22.80, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 14.38% long-term growth rate and a 10.00% discount rate (calculated: 6.13%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$445.37
▲ 1853.38% upside
20% margin of safety: $356.30
Years: 10Growth Rate: 14.38%
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Capital Efficiency

Average Quarterly ROIC
3.07%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

68/100
BullishWeighted across 6 signals
DCF Discount
1853.4% discount to price
100
FCF Yield
64.7% trailing FCF yield
100
ROIC vs WACC
ROIC 3.1% vs WACC 9.0% (0.3x)
17
Net Debt / FCF
1.1x net debt to FCF
57
Buybacks
Share count growing
30
FCF CAGR (5Y)
38.3% 5Y FCF CAGR
100
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC, Buybacks.

Narrative Details

51/100
Weak
Vs 6-Month Baseline:Below Avg (38th pct)Weighted across 1 driver
Trend: StableConfidence: 40%Updated: 1h ago
Sources: 5 (5 News)
Drivers(last 30 days)
5 news sentiment+0.1

Trend Details

0/100
NeutralRules-based daily model
Trend score unavailable for this ticker right now.

Investment Coach

Updating... 12d ago
BUYConfidence: 54%
Thesis
Cadeler A/S is significantly undervalued with an estimated fair value over 2000% above its current price, supported by strong fundamentals and a healthy free cash flow yield of 73.9%. Despite trailing returns relative to its cost of capital, the company's constructive fundamentals and bullish outlook suggest substantial upside potential.
Key Risk
The key risk is the negative spread between ROIC and WACC, indicating returns are currently below the cost of capital, which could pressure valuation if not improved.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 21.11%5 Year CAGR: 45.14%

Free Cash Flow (in millions)

TTM2025202420232022202120202019201820172016
$1,424$1,726$810$149$291$221$282-$2$14$0$0

How Intrinziq Estimates Fair Value

Intrinziq estimates Cadeler A/S's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Cadeler A/SIndustrials

Cadeler A/S, founded in 2008 and headquartered in Copenhagen, Denmark, operates as a specialized contractor within the offshore wind sector. The company primarily focuses on the transportation and installation of wind farm components. In addition to these core services, Cadeler provides comprehensive solutions for wind farm maintenance, construction, and decommissioning, alongside broader marine and engineering services for the offshore industry. A key asset in its operations is its fleet of four specialized offshore jack-up vessels, dedicated to wind farm installation projects.