mttssn research · Djupanalys · 2026-W146
← Arkiv
Rating
Buy
Riktkurs 24m
66.0 NOK
Intrinsiskt värde
72.0 NOK
Pris vid analys
60.1 NOK
Buffett-poäng
12/20

Cadeler (CADLR.OL) — 2026-W146

Analysis date: 2026-05-31 | Country: NO | Currency: EUR

Recommendation Summary

FieldValue
RatingBuy
Intrinsic Value72.0 EUR
24m Target66.0 EUR
Price at Analysis60.1 EUR
Buffett Score12/20
ROIC8.8%
Economic Profit+266.2M EUR
Implied Upside (IV)19.8%
Data quality warning: Börsdata borsdata_v1 — possible scale/currency issue. Use EV multiples for valuation.
Research history · this company (4 notes)
2026-W146 · 2026-05-31 · CADLR.OLviewingBuy · ROIC 9% · tgt 66 NOKΔ tgt +38% · IV +50% · HOLD→Buy · LOW→medium convCadeler: Marginellt värdeskapande
2026-06-15 · 2026-06-15 · CADLR.OLHOLD · tgt 48 NOK2026-06-11 · 2026-06-11 · CADLR.OLHOLD · tgt 48 NOKΔ tgt -12% · IV -12%2026-06-09 · 2026-06-09 · CADLR.OLHOLD · tgt 54.67 NOKfirst note

0. Company Identification

Ticker: CADLR.OL | Name: Cadeler | Country: NO | Sector: Industrial/Commercial

1. What the Company Sells

Cadeler operates in the Nordic market. ROIC 8.8% vs WACC 8% → EP +266.2M EUR.

2. Who Pays and Why They Stay

Customers pay for products/services based on value proposition and brand strength.

3. Revenue Model

Revenue generated through product/service sales. Scalability and recurring revenue characteristics vary by segment.

4. Margin and Cash Mechanics

ROIC 8.8% vs WACC 8.0% → Economic Profit +266.2M EUR.

5. Supply-side Dependencies

Raw materials, suppliers, distribution channels, and human capital.

6. Competitive Position

Moat strength: 2/5. Brand strength, technology, and customer relationships drive competitive advantage.

7. Growth Engine

Market penetration, geographic expansion, and product development.

8. Business Model Risks

Top risks: Cyclical demand, competitive pressure, raw material costs, macro exposure.

9. History, Management & ESG

Established Nordic industrial company with stable management.

10. Synthesis and Recommendation

Buy — Cadeler: Observation candidate, await data and price development.


mttssn research · Cadeler (CADLR.OL) · 2026-W146 · 2026-05-31