CDLR (Cadeler A/S) vs S&P 500 Comparison

CDLR

S&P 500

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CDLR

S&P 500

Difference

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CDLR

S&P 500

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P 500

CDLR

LTO

PWR

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Cadeler A/S
Glance View

Market Cap

7B USD

Industry

Construction

Cadeler A/S is a prominent player in the offshore wind industry. Born from the Danish engineering tradition, the company has carved out a niche in the construction and maintenance of offshore wind farms—a sector that’s been burgeoning as the world seeks cleaner energy alternatives. Cadeler operates with a fleet of sophisticated wind turbine installation vessels. These ships are marvels of modern engineering, designed to transport, install, and maintain offshore wind turbines and foundations. The backbone of Cadeler's business model is its strategic focus on the North Sea and surrounding areas, where the conditions are ripe for harnessing wind energy. This targeted geographical approach allows the company to marshal its resources effectively and build long-term partnerships with energy providers. The revenue model of Cadeler revolves around providing specialized turnkey solutions, which include transporting massive turbine components and erecting them in challenging marine environments. Their services are critical to the successful execution of offshore wind projects, which are capital-intensive and highly technical. By securing long-term contracts with leading energy companies, Cadeler ensures a steady flow of income while fortifying its industry reputation. The company benefits from the global push toward renewable energy infrastructure, which continues to present lucrative growth opportunities. As nations strive to meet ambitious climate targets, Cadeler’s expertise in facilitating the transition to renewable energy places it in a strategically advantageous position, driving both its top-line growth and environmental impact.

View CDLR Analysis

CDLR Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

FR		Vinci SA PAR:DG	Add
IN		Larsen and Toubro Ltd F:LTO	Add
IN		Larsen & Toubro Ltd NSE:LT	Add
US		Quanta Services Inc NYSE:PWR	Add
CN	C	China State Construction Engineering Corp Ltd SSE:601668	Add
NL		Ferrovial SE AEX:FER	Add
ES		Ferrovial SA MAD:FER	Add
US		EMCOR Group Inc NYSE:EME	Add
CA		WSP Global Inc TSX:WSP	Add
CN		China Railway Group Ltd SSE:601390	Add

FR		Vinci SA PAR:DG	Select
IN		Larsen and Toubro Ltd F:LTO	Select
IN		Larsen & Toubro Ltd NSE:LT	Select
US		Quanta Services Inc NYSE:PWR	Select
CN	C	China State Construction Engineering Corp Ltd SSE:601668	Select
NL		Ferrovial SE AEX:FER	Select
ES		Ferrovial SA MAD:FER	Select
US		EMCOR Group Inc NYSE:EME	Select
CA		WSP Global Inc TSX:WSP	Select
CN		China Railway Group Ltd SSE:601390	Select

FR		Vinci SA PAR:DG	Add
IN		Larsen and Toubro Ltd F:LTO	Add
IN		Larsen & Toubro Ltd NSE:LT	Add
US		Quanta Services Inc NYSE:PWR	Add
CN	C	China State Construction Engineering Corp Ltd SSE:601668	Add
NL		Ferrovial SE AEX:FER	Add
ES		Ferrovial SA MAD:FER	Add
US		EMCOR Group Inc NYSE:EME	Add
CA		WSP Global Inc TSX:WSP	Add
CN		China Railway Group Ltd SSE:601390	Add

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CDLR

vs

S&P 500

Stocks Performance
CDLR vs S&P 500

Performance Gap
CDLR vs S&P 500

Performance By Year
CDLR vs S&P 500

Competitors Performance
Cadeler A/S vs Peers

Cadeler A/S
Glance View

Company

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CDLR vs S&P 500

Stocks Performance CDLR vs S&P 500

Performance Gap CDLR vs S&P 500

Performance By Year CDLR vs S&P 500

Competitors Performance Cadeler A/S vs Peers

Cadeler A/S Glance View

Company

Help

Tools

Stocks

CDLR

vs

S&P 500

Stocks Performance
CDLR vs S&P 500

Performance Gap
CDLR vs S&P 500

Performance By Year
CDLR vs S&P 500

Competitors Performance
Cadeler A/S vs Peers

Cadeler A/S
Glance View