Vestas Wind Systems A/S

CPSE:VWS Stock Report

Market Cap: DKK 108.7b

Vestas Wind Systems Valuation

Is VWS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VWS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
DKK 203.49
Fair Value
46.7% undervalued intrinsic discount
24
Number of Analysts

Below Fair Value: VWS (DKK108.4) is trading below our estimate of fair value (DKK203.49)

Significantly Below Fair Value: VWS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VWS?

Key metric: As VWS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VWS. This is calculated by dividing VWS's market cap by their current earnings.
What is VWS's PE Ratio?
PE Ratio29.2x
Earnings€499.00m
Market Cap€14.56b

Price to Earnings Ratio vs Peers

How does VWS's PE Ratio compare to its peers?

The above table shows the PE ratio for VWS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average58.8x
ROCK B Rockwool
15.7x-0.5%DKK 64.2b
NKT NKT
15.6x10.6%DKK 26.1b
FLS FLSmidth
19.3x14.2%DKK 19.6b
2727 Shanghai Electric Group
184.7x50.5%HK$118.4b
VWS Vestas Wind Systems
29.2x22.2%DKK 108.7b

Price-To-Earnings vs Peers: VWS is good value based on its Price-To-Earnings Ratio (29.2x) compared to the peer average (58.8x).

Price to Earnings Ratio vs Industry

How does VWS's PE Ratio compare vs other companies in the European Electrical Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VWS 29.2xIndustry Avg. 15.6xNo. of Companies9PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VWS is expensive based on its Price-To-Earnings Ratio (29.2x) compared to the European Electrical industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is VWS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VWS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.2x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: VWS is expensive based on its Price-To-Earnings Ratio (29.2x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VWS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 108.40
DKK 148.45
+36.9%
23.3%DKK 219.91DKK 74.97n/a24
Mar ’26DKK 101.40
DKK 148.49
+46.4%
23.3%DKK 219.96DKK 74.99n/a24
Feb ’26DKK 98.94
DKK 159.55
+61.3%
27.6%DKK 279.89DKK 80.02n/a24
Jan ’26DKK 98.08
DKK 163.65
+66.9%
28.2%DKK 279.96DKK 80.04n/a24
Dec ’25DKK 109.70
DKK 169.23
+54.3%
27.6%DKK 279.88DKK 80.02n/a24
Nov ’25DKK 132.65
DKK 197.25
+48.7%
22.7%DKK 280.00DKK 99.03n/a24
Oct ’25DKK 141.00
DKK 205.96
+46.1%
22.9%DKK 296.46DKK 99.02n/a24
Sep ’25DKK 154.90
DKK 210.68
+36.0%
22.6%DKK 299.92DKK 99.01n/a25
Aug ’25DKK 168.70
DKK 217.93
+29.2%
22.0%DKK 300.07DKK 99.02n/a25
Jul ’25DKK 162.10
DKK 220.60
+36.1%
21.7%DKK 299.83DKK 98.95n/a25
Jun ’25DKK 192.85
DKK 222.60
+15.4%
21.6%DKK 315.07DKK 99.02n/a25
May ’25DKK 186.85
DKK 222.80
+19.2%
21.3%DKK 315.04DKK 101.05n/a25
Apr ’25DKK 193.00
DKK 222.97
+15.5%
21.3%DKK 315.09DKK 101.01n/a25
Mar ’25DKK 197.52
DKK 218.37
+10.6%
22.9%DKK 314.93DKK 100.98DKK 101.4024
Feb ’25DKK 195.12
DKK 211.51
+8.4%
24.8%DKK 299.81DKK 100.93DKK 98.9423
Jan ’25DKK 214.30
DKK 205.39
-4.2%
24.7%DKK 300.16DKK 98.99DKK 98.0823
Dec ’24DKK 188.56
DKK 204.41
+8.4%
24.8%DKK 299.82DKK 98.94DKK 109.7023
Nov ’24DKK 152.68
DKK 202.02
+32.3%
25.1%DKK 300.18DKK 99.02DKK 132.6523
Oct ’24DKK 151.56
DKK 205.20
+35.4%
24.6%DKK 300.48DKK 99.02DKK 141.0024
Sep ’24DKK 165.74
DKK 218.54
+31.9%
24.6%DKK 356.18DKK 140.14DKK 154.9024
Aug ’24DKK 180.66
DKK 215.04
+19.0%
23.0%DKK 340.11DKK 126.04DKK 168.7023
Jul ’24DKK 181.46
DKK 217.50
+19.9%
21.7%DKK 339.87DKK 139.95DKK 162.1023
Jun ’24DKK 202.05
DKK 217.07
+7.4%
22.6%DKK 339.85DKK 139.94DKK 192.8523
May ’24DKK 186.86
DKK 216.53
+15.9%
23.3%DKK 340.14DKK 140.20DKK 186.8523
Apr ’24DKK 199.00
DKK 216.55
+8.8%
23.3%DKK 339.92DKK 140.11DKK 193.0023
Mar ’24DKK 208.60
DKK 209.17
+0.3%
25.7%DKK 359.72DKK 125.09DKK 197.5221
Analyst Price Target
Consensus Narrative from 24 Analysts
DKK 148.45
Fair Value
27.0% undervalued intrinsic discount
24
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/11 23:48
End of Day Share Price 2025/03/11 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vestas Wind Systems A/S is covered by 64 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lars HeindorffABG Sundal Collier
null nullABG Sundal Collier
Scott McCollisterArdour Capital Investments, LLC