Market Pulse50Neutral

Cadeler A/SOpportunity Rank #69(CDLR) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$22.76

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$22.76
Price
$459.59
Intrinsic Value
Undervalued by 1919%MOS: $367.67

Fundamental Score

70/100
Bullish

Weighted across 6 signals

Narrative Score

53/100
Weak

No change vs previous

The intrinsic value of Cadeler A/S (CDLR) is estimated at $459.59 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $22.76, 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: 4.69%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Cadeler A/S (CDLR) is estimated at $459.59 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $22.76, 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: 4.69%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$459.59
▲ 1919.29% upside
20% margin of safety: $367.67
Years: 10Growth Rate: 14.38%
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Capital Efficiency

Average Quarterly ROIC
2.88%
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

70/100
BullishWeighted across 6 signals
DCF Discount
1919.3% discount to price
100
FCF Yield
77.4% trailing FCF yield
100
ROIC vs WACC
ROIC 2.9% vs WACC 9.0% (0.3x)
16
Net Debt / FCF
0.9x net debt to FCF
82
Buybacks
Share count growing
30
FCF CAGR (5Y)
334.4% 5Y FCF CAGR (adjusted)
100
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC, Buybacks.

Narrative Details

53/100
Weak
Vs 6-Month Baseline:High (84th pct)Weighted across 2 recent drivers
Trend: StableConfidence: 46%Updated: 1h ago
Sources: 7 (7 News)
Drivers(last 30 days)
6 news sentiment+0.3
Regulatory scrutiny+0.0

Investment Coach

Updated 11h ago
BUYConfidence: 62%
Thesis
Cadeler A/S is significantly undervalued with an estimated fair value over 2000% above its current price, supported by a strong fundamental score and a healthy free cash flow yield. Despite trailing returns relative to its cost of capital, the company shows promising cash flow growth and valuation upside.
Key Risk
The key risk is the negative spread between ROIC and WACC, indicating returns are currently below the cost of capital, which may pressure future profitability.
Signals To Watch
  • Valuation discount remaining above 10%
  • Improvement in ROIC versus WACC spread
  • Meaningful shifts in the narrative trend and score direction
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 25.03%5 Year CAGR: 40.13%

Free Cash Flow (in millions)

TTM202420232022202120202019201820172016
$1,544$822$151$295$224$286-$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 operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm maintenance, construction, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels. Cadeler A/S was incorporated in 2008 and is headquartered in Copenhagen, Denmark.