Cadeler As (CADLR) - Net Assets
Based on the latest financial reports, Cadeler As (CADLR) has net assets worth Nkr1.45 Billion NOK (≈ $152.16 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.06 Billion ≈ $321.59 Million USD) and total liabilities (Nkr1.61 Billion ≈ $169.43 Million USD). 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. Check Cadeler As asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.45 Billion |
| % of Total Assets | 47.32% |
| Annual Growth Rate | 64.05% |
| 5-Year Change | 411.86% |
| 10-Year Change | N/A |
| Growth Volatility | 572.43 |
Cadeler As - Net Assets Trend (2016–2024)
This chart illustrates how Cadeler As's net assets have evolved over time, based on quarterly financial data. Also explore Cadeler As (CADLR) total assets for the complete picture of this company's asset base.
Annual Net Assets for Cadeler As (2016–2024)
The table below shows the annual net assets of Cadeler As from 2016 to 2024. For live valuation and market cap data, see Cadeler As market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.23 Billion ≈ $129.84 Million |
+28.66% |
| 2023-12-31 | Nkr959.04 Million ≈ $100.92 Million |
+77.41% |
| 2022-12-31 | Nkr540.57 Million ≈ $56.88 Million |
+66.20% |
| 2021-12-31 | Nkr325.26 Million ≈ $34.23 Million |
+34.93% |
| 2020-12-31 | Nkr241.06 Million ≈ $25.37 Million |
+22.16% |
| 2019-12-31 | Nkr197.33 Million ≈ $20.77 Million |
+1750.63% |
| 2018-12-31 | Nkr10.66 Million ≈ $1.12 Million |
-37.28% |
| 2017-12-31 | Nkr17.00 Million ≈ $1.79 Million |
-27.73% |
| 2016-12-31 | Nkr23.53 Million ≈ $2.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cadeler As'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 153.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr59.36 Million | 4.81% |
| Common Stock | Nkr47.14 Million | 3.82% |
| Other Comprehensive Income | Nkr29.18 Million | 2.36% |
| Other Components | Nkr1.10 Billion | 89.00% |
| Total Equity | Nkr1.23 Billion | 100.00% |
Cadeler As Competitors by Market Cap
The table below lists competitors of Cadeler As ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Natural Foods Inc
NYSE:UNFI
|
$2.36 Billion |
|
Coface SA
PA:COFA
|
$2.36 Billion |
|
Wilh Wilhelmsen Holding ASA A
OL:WWI
|
$2.36 Billion |
|
Wuxi Huaguang Boiler Co Ltd
SHG:600475
|
$2.36 Billion |
|
Tanco Holdings Bhd
KLSE:2429
|
$2.36 Billion |
|
Zhejiang Transfar Co Ltd
SHE:002010
|
$2.36 Billion |
|
CorVel Corp
NASDAQ:CRVL
|
$2.36 Billion |
|
Dentsply Sirona Inc
NASDAQ:XRAY
|
$2.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cadeler As's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 959,041,000 to 1,233,894,000, a change of 274,853,000 (28.7%).
- Net income of 65,069,000 contributed positively to equity growth.
- Share repurchases of 1,283,000 reduced equity.
- New share issuances of 154,956,000 increased equity.
- Other comprehensive income increased equity by 57,463,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr65.07 Million | +5.27% |
| Share Repurchases | Nkr1.28 Million | -0.1% |
| Share Issuances | Nkr154.96 Million | +12.56% |
| Other Comprehensive Income | Nkr57.46 Million | +4.66% |
| Other Changes | Nkr-1.35 Million | -0.11% |
| Total Change | Nkr- | 28.66% |
Book Value vs Market Value Analysis
This analysis compares Cadeler As'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: 17.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 314.40x to 17.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | Nkr0.20 | Nkr64.00 | x |
| 2017-12-31 | Nkr0.15 | Nkr64.00 | x |
| 2018-12-31 | Nkr0.28 | Nkr64.00 | x |
| 2019-12-31 | Nkr5.13 | Nkr64.00 | x |
| 2020-12-31 | Nkr2.97 | Nkr64.00 | x |
| 2021-12-31 | Nkr2.48 | Nkr64.00 | x |
| 2022-12-31 | Nkr3.30 | Nkr64.00 | x |
| 2023-12-31 | Nkr4.72 | Nkr64.00 | x |
| 2024-12-31 | Nkr3.65 | Nkr64.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cadeler As 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): 5.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.16%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.57x
- Recent ROE (5.27%) is above the historical average (-8.32%), 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 | Nkr4.76 Million |
| 2017 | -37.70% | -14.10% | 0.30x | 8.81x | Nkr-8.11 Million |
| 2018 | -59.45% | -8.85% | 0.53x | 12.65x | Nkr-7.41 Million |
| 2019 | -12.04% | -61.91% | 0.14x | 1.36x | Nkr-43.50 Million |
| 2020 | -11.21% | -138.62% | 0.06x | 1.40x | Nkr-51.14 Million |
| 2021 | 2.29% | 12.23% | 0.14x | 1.31x | Nkr-25.07 Million |
| 2022 | 6.57% | 33.40% | 0.16x | 1.24x | Nkr-18.52 Million |
| 2023 | 1.20% | 10.59% | 0.09x | 1.31x | Nkr-84.41 Million |
| 2024 | 5.27% | 26.16% | 0.13x | 1.57x | Nkr-58.32 Million |
Industry Comparison
This section compares Cadeler As's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,446,931,125
- Average return on equity (ROE) among peers: -7.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cadeler As (CADLR) | Nkr1.45 Billion | 30.22% | 1.11x | $2.36 Billion |
| AF Gruppen ASA (AFG) | $2.08 Billion | 29.90% | 2.72x | $2.06 Billion |
| DOF Group ASA (DOFG) | $1.77 Billion | 10.05% | 1.13x | $3.56 Billion |
| Endur ASA (ENDUR) | $184.34 Million | -206.43% | 4.10x | $609.09 Million |
| Goodtech (GOD) | $-10.51 Million | 0.00% | 0.00x | $35.31 Million |
| Multiconsult AS (MULTI) | $773.62 Million | 32.21% | 2.51x | $459.89 Million |
| Norconsult ASA (NORCO) | $2.26 Billion | 20.12% | 1.78x | $1.28 Billion |
| Sentia Asa (SNTIA) | $676.00 Million | 26.04% | 6.66x | $78.01K |
| Veidekke ASA (VEI) | $3.85 Billion | 28.39% | 4.31x | $2.65 Billion |
About Cadeler As
Cadeler A/S, together with its subsidiaries, engages in offshore wind farm installation, operations, and maintenance services in Denmark. The company engages in the transportation, installation, and maintenance of offshore wind turbine generators and platform topsides/substations; maintenance of offshore structures and platforms; offshore construction, decommissioning, accommodation, and crane su… Read more