Stock VWS VESTAS WIND SYSTEMS A/S
Add to a list
To use this feature you must be a member
Log inSign up

Financials Vestas Wind Systems A/S

Equities

VWS

DK0061539921

Renewable Energy Equipment & Services

Market Closed - Nasdaq Copenhagen
Other stock markets
 10:59:35 2024-04-26 am EDT 		5-day change 1st Jan Change
183.6 DKK +3.35% Intraday chart for Vestas Wind Systems A/S +3.85% -14.35%
Apr. 25 VESTAS WIND SYSTEMS : UBS keeps its Buy rating ZD
Apr. 25 VESTAS WIND SYSTEMS : JP Morgan reiterates its Neutral rating ZD

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,585 38,825 26,978 27,282 28,982 24,778 - -
Enterprise Value (EV) 1 15,344 36,905 25,778 27,331 29,051 24,216 23,243 22,383
P/E ratio 25.4 x 49.7 x 158 x -17.4 x 359 x 42.4 x 20.4 x 15.8 x
Yield 1.18% 0.59% 0.19% - - 0.51% 1.3% 1.78%
Capitalization / Revenue 1.45 x 2.62 x 1.73 x 1.88 x 1.88 x 1.44 x 1.2 x 1.09 x
EV / Revenue 1.26 x 2.49 x 1.65 x 1.89 x 1.89 x 1.4 x 1.13 x 0.98 x
EV / EBITDA 9.9 x 26.5 x 18.7 x -434 x 28.3 x 13.7 x 8.66 x 6.99 x
EV / FCF 41.2 x 101 x 452 x -31.3 x 119 x 48.7 x 23.8 x 16.4 x
FCF Yield 2.42% 0.99% 0.22% -3.2% 0.84% 2.05% 4.21% 6.11%
Price to Book 5.34 x 8.34 x 5.71 x 9.05 x 9.57 x 7.01 x 5.44 x 4.49 x
Nbr of stocks (in thousands) 976,713 1,004,375 1,004,401 1,005,144 1,009,189 1,006,474 - -
Reference price 2 18.00 38.66 26.86 27.14 28.72 24.62 24.62 24.62
Announcement Date 2/5/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 12,147 14,819 15,587 14,486 15,382 17,262 20,573 22,789
EBITDA 1 1,550 1,391 1,382 -63 1,028 1,770 2,684 3,203
EBIT 1 1,004 750 461 -1,152 231 910.2 1,785 2,201
Operating Margin 8.27% 5.06% 2.96% -7.95% 1.5% 5.27% 8.68% 9.66%
Earnings before Tax (EBT) 1 909 934 257 -1,696 102 788.7 1,663 2,173
Net income 1 704 765 167 -1,572 77 601.3 1,247 1,613
Net margin 5.8% 5.16% 1.07% -10.85% 0.5% 3.48% 6.06% 7.08%
EPS 2 0.7100 0.7780 0.1700 -1.560 0.0800 0.5801 1.209 1.559
Free Cash Flow 1 372 364 57 -874 245 496.8 977.8 1,368
FCF margin 3.06% 2.46% 0.37% -6.03% 1.59% 2.88% 4.75% 6%
FCF Conversion (EBITDA) 24% 26.17% 4.12% - 23.83% 28.07% 36.43% 42.71%
FCF Conversion (Net income) 52.84% 47.58% 34.13% - 318.18% 82.63% 78.42% 84.81%
Dividend per Share 2 0.2120 0.2280 0.0500 - - 0.1268 0.3195 0.4394
Announcement Date 2/5/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 8,296 5,776 5,498 5,538 4,551 2,485 3,305 5,790 3,913 4,783 2,829 3,429 6,258 4,353 4,771 3,017 3,835 4,732 5,685 3,688
EBITDA 1 - - - 567 358 -20 41 - 101 -185 236 132 - 264 396 267.2 346.2 493.4 660.3 416.3
EBIT 1 - - 30 325 106 -329 -182 -511 -127 -514 40 -70 -30 70 191 53.9 126.8 272.7 439.1 191.2
Operating Margin - - 0.55% 5.87% 2.33% -13.24% -5.51% -8.83% -3.25% -10.75% 1.41% -2.04% -0.48% 1.61% 4% 1.79% 3.31% 5.76% 7.72% 5.18%
Earnings before Tax (EBT) 1 - - - 170 42 -889 -139 -1,028 -171 -480 31 -130 -99 28 173 31.6 97.68 254.3 396.9 176.7
Net income 1 - -82 28 122 17 -765 -119 -884 -147 -541 15 -115 -99 29 148 25.72 74.77 193.5 301.7 131.5
Net margin - -1.42% 0.51% 2.2% 0.37% -30.78% -3.6% -15.27% -3.76% -11.31% 0.53% -3.35% -1.58% 0.67% 3.1% 0.85% 1.95% 4.09% 5.31% 3.57%
EPS 2 - -0.0840 0.0300 0.1200 0.0200 -0.7600 -0.1200 -0.8800 -0.1500 -0.5300 0.0100 -0.1200 -0.1000 0.0300 0.1466 0.0130 0.0724 0.1903 0.3146 0.1301
Dividend per Share 2 - - - - - - - - - - - - - - - - - - - -
Announcement Date 2/5/20 8/11/20 8/11/21 11/3/21 2/10/22 5/1/22 8/10/22 8/10/22 11/2/22 2/8/23 5/10/23 8/9/23 8/9/23 11/8/23 2/7/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 49 69 - - -
Net Cash position 1 2,241 1,920 1,200 - - 563 1,535 2,396
Leverage (Debt/EBITDA) - - - -0.7778 x 0.0671 x - - -
Free Cash Flow 1 372 364 57 -874 245 497 978 1,368
ROE (net income / shareholders' equity) 22.1% 21.4% 3.6% -43.9% 2.6% 17% 28.3% 30.3%
ROA (Net income/ Total Assets) 6.28% 4.71% 0.88% -7.91% 0.36% 2.55% 4.76% 5.58%
Assets 1 11,219 16,245 18,936 19,869 21,300 23,578 26,217 28,902
Book Value Per Share 2 3.370 4.630 4.700 3.000 3.000 3.510 4.530 5.480
Cash Flow per Share 2 0.8300 0.7600 0.9900 -0.1900 1.020 1.250 1.940 2.850
Capex 1 776 688 876 819 892 1,163 1,118 1,171
Capex / Sales 6.39% 4.64% 5.62% 5.65% 5.8% 6.74% 5.44% 5.14%
Announcement Date 2/5/20 2/10/21 2/10/22 2/8/23 2/7/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Vestas Wind Systems A/S

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
24.62 EUR
Average target price
29.75 EUR
Spread / Average Target
+20.84%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Wind Systems & Equipment

1st Jan change Capi.
VESTAS WIND SYSTEMS A/S Stock Vestas Wind Systems A/S
-14.35% 26.45B
SUZLON ENERGY LIMITED Stock Suzlon Energy Limited
+9.03% 6.8B
SANY RENEWABLE ENERGY CO.,LTD. Stock Sany Renewable Energy Co.,Ltd.
-1.50% 4.68B
GOLDWIND SCIENCE AND TECHNOLOGY CO., LTD. Stock Goldwind Science And Technology Co., Ltd.
-7.12% 3.85B
INOX WIND LIMITED Stock Inox Wind Limited
+28.18% 2.5B
TITAN WIND ENERGY (SUZHOU) CO.,LTD Stock Titan Wind Energy (Suzhou) Co.,Ltd
-18.97% 2.33B
DAJIN HEAVY INDUSTRY CO.,LTD. Stock Dajin Heavy Industry Co.,Ltd.
-27.69% 1.69B
CENTURY WIND POWER CO., LTD. Stock Century Wind Power Co., Ltd.
+46.53% 1.59B
CS WIND CORPORATION Stock CS Wind Corporation
-28.77% 1.5B
JIANGSU HAILI WIND POWER EQUIPMENT TECHNOLOGY CO., LTD. Stock Jiangsu Haili Wind Power Equipment Technology Co., Ltd.
-25.66% 1.32B
Wind Systems & Equipment
  1. Stock Market
  2. Equities
  3. VWS Stock
  4. Financials Vestas Wind Systems A/S