Cadeler A/S (CDLR) - Net Assets
Based on the latest financial reports, Cadeler A/S (CDLR) has net assets worth $1.68 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.54 Billion) and total liabilities ($1.85 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Cadeler A/S total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.68 Billion |
| % of Total Assets | 47.57% |
| Annual Growth Rate | 58.71% |
| 5-Year Change | 362.11% |
| 10-Year Change | N/A |
| Growth Volatility | 385.06 |
Cadeler A/S - Net Assets Trend (2016–2025)
This chart illustrates how Cadeler A/S's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Cadeler A/S to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Cadeler A/S (2016–2025)
The table below shows the annual net assets of Cadeler A/S from 2016 to 2025. For live valuation and market cap data, see market value of Cadeler A/S.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.50 Billion | +21.81% |
| 2024-12-31 | $1.23 Billion | +28.66% |
| 2023-12-31 | $959.04 Million | +77.41% |
| 2022-12-31 | $540.57 Million | +66.20% |
| 2021-12-31 | $325.26 Million | +34.93% |
| 2020-12-31 | $241.06 Million | +67.68% |
| 2019-12-31 | $143.76 Million | +1248.25% |
| 2018-12-31 | $10.66 Million | -37.28% |
| 2017-12-31 | $17.00 Million | -27.74% |
| 2016-12-31 | $23.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cadeler A/S's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1357.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $341.47 Million | 22.72% |
| Common Stock | $47.12 Million | 3.14% |
| Other Comprehensive Income | $18.42 Million | 1.23% |
| Other Components | $1.10 Billion | 72.92% |
| Total Equity | $1.50 Billion | 100.00% |
Cadeler A/S Competitors by Market Cap
The table below lists competitors of Cadeler A/S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian Cosunter Pharmaceutical Co Ltd
SHE:300436
|
$2.17 Billion |
|
SMA Solar Technology AG
F:S92
|
$2.17 Billion |
|
The Great Eastern Shipping Company Limited
NSE:GESHIP
|
$2.17 Billion |
|
Simplo Technology Co Ltd
TWO:6121
|
$2.17 Billion |
|
IMMOFINANZ AG
VI:IIA
|
$2.17 Billion |
|
Electricity Generating Public Company Limited
BK:EGCO
|
$2.17 Billion |
|
Shaanxi Lighte Optoelectronics Material Co. Ltd. A
SHG:688150
|
$2.16 Billion |
|
Suzhou Secote Precision Electronic Co Ltd Class A
SHG:603283
|
$2.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cadeler A/S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,233,894,000 to 1,503,035,549, a change of 269,141,549 (21.8%).
- Net income of 269,125,926 contributed positively to equity growth.
- Share repurchases of 1,648,274 reduced equity.
- Other comprehensive income decreased equity by 10,764,848.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $269.13 Million | +17.91% |
| Share Repurchases | $1.65 Million | -0.11% |
| Other Comprehensive Income | $-10.76 Million | -0.72% |
| Other Changes | $12.43 Million | +0.83% |
| Total Change | $- | 21.81% |
Book Value vs Market Value Analysis
This analysis compares Cadeler A/S's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.04x to 1.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $21.80 | $22.73 | x |
| 2018-12-31 | $1.11 | $22.73 | x |
| 2019-12-31 | $-1.36 | $22.73 | x |
| 2020-12-31 | $37.18 | $22.73 | x |
| 2021-12-31 | $9.92 | $22.73 | x |
| 2022-12-31 | $13.19 | $22.73 | x |
| 2023-12-31 | $18.88 | $22.73 | x |
| 2024-12-31 | $14.23 | $22.73 | x |
| 2025-12-31 | $16.95 | $22.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cadeler A/S utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.17%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 2.27x
- Recent ROE (17.91%) is above the historical average (2.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 30.22% | 10.01% | 2.41x | 1.25x | $4.76 Million |
| 2017 | -37.53% | -14.20% | 0.30x | 8.81x | $-8.08 Million |
| 2018 | 8.62% | 1.28% | 0.53x | 12.65x | $-147.33K |
| 2019 | 0.00% | -61.91% | 0.14x | 0.00x | $-22.45 Million |
| 2020 | -11.21% | -138.62% | 0.06x | 1.40x | $-51.14 Million |
| 2021 | 2.29% | 12.23% | 0.14x | 1.31x | $-25.07 Million |
| 2022 | 6.57% | 33.40% | 0.16x | 1.24x | $-18.52 Million |
| 2023 | 1.20% | 10.59% | 0.09x | 1.31x | $-84.41 Million |
| 2024 | 5.27% | 26.16% | 0.13x | 1.57x | $-58.32 Million |
| 2025 | 17.91% | 45.17% | 0.17x | 2.27x | $118.82 Million |
Industry Comparison
This section compares Cadeler A/S's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $655,604,965
- Average return on equity (ROE) among peers: -4.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cadeler A/S (CDLR) | $1.68 Billion | 30.22% | 1.10x | $2.17 Billion |
| Arcosa Inc (ACA) | $1.41 Billion | 6.37% | 0.14x | $6.03 Billion |
| Aecom Technology Corporation (ACM) | $-230.16 Million | 0.00% | 0.00x | $9.68 Billion |
| Argan Inc (AGX) | $3.70 Million | 24.32% | 1.27x | $8.44 Billion |
| Ameresco Inc (AMRC) | $236.42 Million | 14.69% | 1.73x | $892.90 Million |
| Api Group Corp (APG) | $2.13 Billion | 3.43% | 2.80x | $18.10 Billion |
| Concrete Pumping Holdings Class A (BBCP) | $262.57 Million | -5.74% | 2.02x | $401.56 Million |
| Topbuild Corp (BLD) | $1.93 Billion | 28.81% | 1.39x | $9.98 Billion |
| Blink Charging Co (BLNK) | $18.65K | -111.93% | 0.46x | $79.58 Million |
| Bowman Consulting Group Ltd (BWMN) | $163.28 Million | -4.06% | 1.47x | $472.36 Million |
About Cadeler A/S
Cadeler A/S, together with its subsidiaries, operates as an offshore wind installation vessel contractor in Denmark, the United Kingdom, Germany, Poland, rest of Europe, the United States, and Taiwan. The company engages in the transport and installation of offshore wind turbine generators, foundations, and topsides and substations; maintenance of offshore wind turbine generators, and offshore st… Read more