Valuation Vestas Wind Systems A/S

Equities

Market Closed - Nasdaq Copenhagen Other stock markets 00:20:00 14/03/2026 HKT			5-day change	1st Jan Change
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03-11	Alfred Berg Gambak Nordic rose 1.22 percent in February - increased exposure to Ericsson and Sandvik	FW
03-11	VESTAS WIND SYSTEMS : Receives a Buy rating from JP Morgan	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	27,019	27,310	29,016	13,275	22,995	21,031	-	-
Change	-	1.08%	6.25%	-54.25%	73.23%	-8.54%	-	-
Enterprise Value (EV) ¹	25,819	27,359	29,085	12,569	21,821	19,480	18,690	17,810
Change	-	5.96%	6.31%	-56.79%	73.62%	-10.73%	-4.05%	-4.71%
P/E ratio	158x	-17.4x	359x	26.8x	30.2x	19.8x	15.1x	13.3x
PBR	5.72x	9.06x	9.58x	3.77x	5.95x	4.61x	3.81x	3.16x
PEG	-	0x	-3x	0x	0.5x	0.5x	0.5x	1x
Capitalization / Revenue	1.73x	1.89x	1.89x	0.77x	1.22x	1x	0.93x	0.88x
EV / Revenue	1.66x	1.89x	1.89x	0.73x	1.16x	0.93x	0.83x	0.75x
EV / EBITDA	18.7x	-434x	28.3x	7.83x	10.4x	7.64x	6.24x	5.44x
EV / EBIT	56x	-23.7x	126x	17x	20.5x	13.1x	10x	8.43x
EV / FCF	453x	-31.3x	119x	12.7x	14.9x	22.8x	14.9x	13x
FCF Yield	0.22%	-3.19%	0.84%	7.88%	6.71%	4.39%	6.7%	7.68%
Dividend per Share ²	0.05	-	-	0.1	0.1	0.236	0.3082	0.3585
Rate of return	0.19%	-	-	0.76%	0.43%	1.11%	1.45%	1.68%
EPS ²	0.17	-1.56	0.08	0.49	0.77	1.077	1.408	1.604
Distribution rate	29.4%	-	-	20.4%	13%	21.9%	21.9%	22.4%
Net sales ¹	15,587	14,486	15,382	17,295	18,822	20,984	22,640	23,850
EBITDA ¹	1,382	-63	1,028	1,605	2,105	2,551	2,994	3,272
EBIT ¹	461	-1,152	231	741	1,067	1,490	1,868	2,113
Net income ¹	167	-1,572	77	499	778	1,089	1,354	1,497
Net Debt ¹	-1,200	49	69	-706	-1,174	-1,551	-2,341	-3,221
Reference price ²	26.90	27.17	28.75	13.16	23.22	21.30	21.30	21.30
Nbr of stocks (in thousands)	1,004,401	1,005,144	1,009,189	1,009,046	990,417	987,197	-	-
Announcement Date	10/2/22	8/2/23	7/2/24	5/2/25	5/2/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
VESTAS WIND SYSTEMS A/S	19.79x	0.93x	7.64x	1.11%	24.06B
GOLDWIND SCIENCE&TECHNOLOGY CO., LTD.	42.95x	1.99x	17.91x	0.7%	17.37B
DAJIN HEAVY INDUSTRY CO.,LTD.	29.38x	5.91x	22.99x	0.56%	7.46B
SUZLON ENERGY LIMITED	23.22x	3.18x	17.33x	-.--%	6.14B
SANY RENEWABLE ENERGY CO.,LTD.	23.47x	1.23x	17.12x	1.71%	5.14B
TITAN WIND ENERGY (SUZHOU) CO.,LTD	70.97x	-	-	0.4%	3.24B
JIANGSU HAILI WIND POWER EQUIPMENT TECHNOLOGY CO., LTD.	37.52x	-	-	0.32%	2.69B
TSP WIND POWER GROUP CO., LTD.	49.63x	-	-	0.64%	2.5B
Average	37.12x	2.65x	16.60x	0.68%	8.57B
Weighted average by Cap.	31.48x	2.11x	14.31x	0.81%