View Future GrowthØrsted 過去の業績過去 基準チェック /16Ørstedの収益は年間平均-38.1%の割合で減少していますが、 Renewable Energy業界の収益は年間 増加しています。収益は年間16.5% 0.8%割合で 増加しています。 Ørstedの自己資本利益率は2.1%であり、純利益率は2.4%です。主要情報-38.13%収益成長率-38.63%EPS成長率Renewable Energy 業界の成長12.65%収益成長率0.81%株主資本利益率2.13%ネット・マージン2.36%次回の業績アップデート13 Aug 2026最近の業績更新お知らせ • Feb 24Ørsted A/S to Report Q4, 2025 Results on Feb 26, 2026Ørsted A/S announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026分析記事 • Feb 18There May Be Underlying Issues With The Quality Of Ørsted's (CPH:ORSTED) EarningsØrsted A/S' ( CPH:ORSTED ) robust earnings report didn't manage to move the market for its stock. We did some digging...Reported Earnings • Feb 08Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: kr.1.95 (up from kr.1.22 loss in FY 2024). Revenue: kr.73.2b (up 3.1% from FY 2024). Net income: kr.1.73b (up kr.2.65b from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 13+ 3 more updatesØrsted A/S to Report First Half, 2026 Results on Aug 13, 2026Ørsted A/S announced that they will report first half, 2026 results on Aug 13, 2026Reported Earnings • Nov 06Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: kr.4.20 loss per share (down from kr.12.03 profit in 3Q 2024). Revenue: kr.12.3b (down 22% from 3Q 2024). Net loss: kr.1.79b (down 135% from profit in 3Q 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.分析記事 • Aug 18Impressive Earnings May Not Tell The Whole Story For Ørsted (CPH:ORSTED)Ørsted A/S ( CPH:ORSTED ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...すべての更新を表示Recent updatesライブニュース • May 05Ørsted Refocuses on Offshore Wind as CIP Takes Over European Onshore AssetsCopenhagen Infrastructure Partners has completed the acquisition of Ørsted’s European onshore renewable energy platform. Following the deal, CIP has launched Perigus Energy to run onshore wind, solar and battery storage projects across several European countries. Ørsted has exited these onshore assets as part of a move to concentrate on its offshore wind operations in Europe. For you as an investor, this transaction highlights a clearer split between Ørsted’s offshore and onshore activities in Europe. Ørsted is stepping away from its European onshore portfolio and tightening its focus on offshore wind in the region. CIP, through Perigus Energy, is taking on the onshore wind, solar and storage projects and will continue to run and develop them across multiple European markets. This kind of refocusing can simplify Ørsted’s business profile, creating a clearer emphasis on offshore wind within Europe alongside a broader renewable portfolio globally. It also shifts onshore development risk and capital needs for these specific European assets to CIP. When you assess Ørsted, it is worth noting that investment needs and potential volatility tied to these European onshore projects will now sit with Perigus Energy instead of Ørsted, while Ørsted’s core narrative centers more on offshore wind.Buy Or Sell Opportunity • Mar 22Now 21% undervaluedOver the last 90 days, the stock has risen 18% to kr.138. The fair value is estimated to be kr.175, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.お知らせ • Mar 19Ørsted A/S Announces Directors Not Seeking Re-ElectionØrsted A/S announced that at the annual general meeting of Ørsted A/S to be held on 9 April 2026, Judith Hartmann and Annica Bresky are not seeking re-election for board of directors.お知らせ • Feb 24Ørsted A/S to Report Q4, 2025 Results on Feb 26, 2026Ørsted A/S announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026分析記事 • Feb 18There May Be Underlying Issues With The Quality Of Ørsted's (CPH:ORSTED) EarningsØrsted A/S' ( CPH:ORSTED ) robust earnings report didn't manage to move the market for its stock. We did some digging...Reported Earnings • Feb 08Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: kr.1.95 (up from kr.1.22 loss in FY 2024). Revenue: kr.73.2b (up 3.1% from FY 2024). Net income: kr.1.73b (up kr.2.65b from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 03Ørsted A/S Announces Board ChangesØrsted A/S announced that Leticia Mandiola, one of the employee-elected members of the board of directors has stepped down as board member. The first alternate, Arul Gynasegaran(Senior Project Lead, Engineering) has replaced Leticia Mandiola employee-elected board member.New Risk • Jan 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (214% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).お知らせ • Nov 24Ørsted A/S Announces Board ChangesØrsted A/S announced that Ian McCalder, one of the employee-elected members of the Board of Directors of Ørsted A/S, has stepped down as board member. The first alternate, Pawel Matysiak (Solution Manager, IT), has replaced Ian McCalder as employee-elected board member of Ørsted A/S.お知らせ • Nov 13+ 3 more updatesØrsted A/S to Report First Half, 2026 Results on Aug 13, 2026Ørsted A/S announced that they will report first half, 2026 results on Aug 13, 2026お知らせ • Nov 12Ørsted A/S, Annual General Meeting, Apr 09, 2026Ørsted A/S, Annual General Meeting, Apr 09, 2026.Reported Earnings • Nov 06Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: kr.4.20 loss per share (down from kr.12.03 profit in 3Q 2024). Revenue: kr.12.3b (down 22% from 3Q 2024). Net loss: kr.1.79b (down 135% from profit in 3Q 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Nov 05Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.7.39 to kr.6.29 per share. Revenue forecast steady at kr.70.6b. Net income forecast to grow 39% next year vs 40% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.139 to kr.131. Share price fell 4.6% to kr.114 over the past week.Major Estimate Revision • Nov 04Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.7.39 to kr.6.55 per share. Revenue forecast steady at kr.70.9b. Net income forecast to grow 40% next year vs 40% growth forecast for Renewable Energy industry in Denmark. Consensus price target of kr.130 unchanged from last update. Share price fell 5.7% to kr.113 over the past week.Price Target Changed • Nov 04Price target decreased by 9.3% to kr.130Down from kr.143, the current price target is an average from 20 analysts. New target price is 15% above last closing price of kr.113. Stock is down 73% over the past year. The company is forecast to post earnings per share of kr.6.55 next year compared to a net loss per share of kr.2.20 last year.Price Target Changed • Oct 21Price target decreased by 8.1% to kr.139Down from kr.152, the current price target is an average from 21 analysts. New target price is 17% above last closing price of kr.120. Stock is down 72% over the past year. The company is forecast to post earnings per share of kr.7.39 next year compared to a net loss per share of kr.2.20 last year.New Risk • Oct 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 214% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (29% accrual ratio). Shareholders have been substantially diluted in the past year (214% increase in shares outstanding).Price Target Changed • Oct 09Price target decreased by 12% to kr.143Down from kr.163, the current price target is an average from 19 analysts. New target price is 20% above last closing price of kr.119. Stock is down 73% over the past year. The company is forecast to post earnings per share of kr.8.00 next year compared to a net loss per share of kr.2.20 last year.Major Estimate Revision • Oct 07Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.9.79 to kr.8.61 per share. Revenue forecast steady at kr.72.0b. Net income forecast to grow 52% next year vs 33% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.163 to kr.155. Share price rose 6.8% to kr.121 over the past week.Major Estimate Revision • Oct 02Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.8.75 to kr.7.76 per share. Revenue forecast steady at kr.72.4b. Net income forecast to grow 51% next year vs 25% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.163 to kr.157. Share price was steady at kr.117 over the past week.Major Estimate Revision • Sep 22Consensus EPS estimates fall by 52%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr.75.0b to kr.72.4b. EPS estimate also fell from kr.17.64 per share to kr.8.55 per share. Net income forecast to grow 52% next year vs 26% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.248 to kr.162. Share price fell 44% to kr.111 over the past week.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment deteriorates as stock falls 44%After last week's 44% share price decline to kr.111, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Renewable Energy industry in Europe. Total loss to shareholders of 69% over the past three years.Major Estimate Revision • Sep 17Consensus EPS estimates increase by 12%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr.75.0b to kr.72.5b. EPS estimate rose from kr.18.52 to kr.20.81. Net income forecast to grow 58% next year vs 34% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.236 to kr.200. Share price fell 48% to kr.107 over the past week.お知らせ • Sep 17Ørsted A/S has filed a Follow-on Equity Offering in the amount of DKK 59.994386 billion.Ørsted A/S has filed a Follow-on Equity Offering in the amount of DKK 59.994386 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 900,816,600 Price\Range: DKK 66.6 Transaction Features: Regulation S; Rights Offering分析記事 • Sep 02Ørsted A/S' (CPH:ORSTED) Intrinsic Value Is Potentially 80% Above Its Share PriceKey Insights Ørsted's estimated fair value is kr.359 based on 2 Stage Free Cash Flow to Equity Ørsted's kr.200 share...分析記事 • Aug 18Impressive Earnings May Not Tell The Whole Story For Ørsted (CPH:ORSTED)Ørsted A/S ( CPH:ORSTED ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorates as stock falls 32%After last week's 32% share price decline to kr.209, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Renewable Energy industry in Europe. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.344 per share.分析記事 • Aug 15Benign Growth For Ørsted A/S (CPH:ORSTED) Underpins Stock's 32% PlummetCPSE:ORSTED 1 Year Share Price vs Fair Value Explore Ørsted's Fair Values from the Community and select yours Ørsted...Price Target Changed • Aug 13Price target decreased by 7.1% to kr.294Down from kr.316, the current price target is an average from 22 analysts. New target price is 41% above last closing price of kr.208. Stock is down 51% over the past year. The company is forecast to post earnings per share of kr.17.83 next year compared to a net loss per share of kr.2.20 last year.Reported Earnings • Aug 12Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: kr.7.30 (up from kr.4.08 loss in 2Q 2024). Revenue: kr.17.1b (up 14% from 2Q 2024). Net income: kr.3.10b (up kr.4.81b from 2Q 2024). Profit margin: 18% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.お知らせ • Aug 12Ørsted A/S has filed a Follow-on Equity Offering in the amount of DKK 60 billion.Ørsted A/S has filed a Follow-on Equity Offering in the amount of DKK 60 billion. Security Name: Shares Security Type: Common Stock Transaction Features: Rights Offering分析記事 • Aug 12Is Ørsted (CPH:ORSTED) A Risky Investment?CPSE:ORSTED 1 Year Share Price vs Fair Value Explore Ørsted's Fair Values from the Community and select yours Warren...Major Estimate Revision • Aug 11Consensus EPS estimates fall by 37%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.22.43 to kr.14.14 per share. Revenue forecast steady at kr.74.0b. Net income forecast to grow 555% next year vs 18% growth forecast for Renewable Energy industry in Denmark. Consensus price target of kr.307 unchanged from last update. Share price fell 30% to kr.217 over the past week.Board Change • Aug 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Judith Hartmann was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 12Ørsted Reportedly Seeks to Sell Large Onshore-Wind PortfolioDanish renewable energy giant Ørsted A/S (CPSE:ORSTED) is selling its large onshore-wind portfolio, which includes a clutch of assets in Ireland. The entire 800MW platform, which also includes windfarms in the UK, Germany and Spain, could fetch as much as EUR 2 billion. Orsted's European onshore headquarters are based in Cork city, where it employs about 100 people. The group has invested EUR 800 million in Ireland across a portfolio of wind and solar projects. Of the 27 operational onshore windfarms that are up for sale by Orsted, 21 are in Ireland. They include windfarms across the country, stretching from Donegal to Kerry. The company is currently building a 50MW windfarm in Co Tipperary and has six projects in development. The planned sale of Orsted's onshore wind assets was first reported by industry publication PeakLoad. Orsted declined to comment. PeakLoad noted that BNP Paribas is advising on the proposed sale of the assets, dubbed Project Grace. Non-binding offers are slated to be submitted next month. The entire portfolio includes more than 600MW of power from windfarms, with up to 371MW being generated by the operational Irish units. The sale will also include windfarm sites under development.分析記事 • May 10Results: Ørsted A/S Beat Earnings Expectations And Analysts Now Have New ForecastsLast week, you might have seen that Ørsted A/S ( CPH:ORSTED ) released its first-quarter result to the market. The...Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: kr.10.60 (up from kr.5.70 in 1Q 2024). Revenue: kr.20.7b (up 8.0% from 1Q 2024). Net income: kr.4.44b (up 86% from 1Q 2024). Profit margin: 22% (up from 13% in 1Q 2024). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) exceeded analyst estimates by 84%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance.お知らせ • Apr 23Ørsted A/S Appoints Amanda Dasch as Chief Development Officer and Godson Njoku as Chief Generation Officer, Effective from 1 May 2025Effective from 1 May 2025, Orsted expands its Group Executive Team and appoints two new members, reporting to Group President and CEO, Rasmus Errboe. With today's appointments, the full offshore wind value chain, including development, construction, and generation, will be represented in Orsted's Group Executive Team. Amanda Dasch is appointed Chief Development Officer (CDO) and will head up Orsted Commercial, which covers commercial development activities across Orsted's three regions (Europe, Americas, and APAC)as well as Trading & Revenue, Group Strategy & Innovation, and Group Stakeholder Relations. Amanda Dasch is currently CEO of Region Americas at Orsted and has 20 years of leadership experience from the energy industry. She will relocate to Denmark and will continue as interim CEO of Region Americas until her successor has been found. Godson Njoku is appointed Chief Generation Officer(CGO)and will be leading Orsted Generation holding the overall responsibility for the performance of Orsted's European fleet of energy-generating assets. Godson Njoku will be based in the UK and joins Orsted after 20 years with Shell, where he held a number of senior executive roles, including serving as Executive Vice President with responsibility for Global Production Excellence in Shell's Upstream Business Leadership Team. With the changes to the Group Executive Team, Orsted will discontinue the Deputy CEO function.Board Change • Apr 08Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Annica Bresky was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Mar 13Ørsted A/S Announces Dieter Wemmer and Peter Korsholm Not Seeking Re-Election to the Board of DirectorsØrsted A/S announced that Dieter Wemmer and Peter Korsholm are not seeking re-election to the Board of Directors at the AGM to be held on April 3, 2025.Reported Earnings • Feb 07Full year 2024 earnings released: kr.2.20 loss per share (vs kr.50.11 loss in FY 2023)Full year 2024 results: kr.2.20 loss per share (improved from kr.50.11 loss in FY 2023). Revenue: kr.71.0b (down 10% from FY 2023). Net loss: kr.923.0m (loss narrowed 96% from FY 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Feb 07Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr.87.6b to kr.73.9b. EPS estimate fell from kr.24.69 to kr.23.35 per share. Net income forecast to grow 95% next year vs 14% growth forecast for Renewable Energy industry in Denmark. Consensus price target broadly unchanged at kr.398. Share price rose 8.1% to kr.300 over the past week.お知らせ • Feb 01Ørsted A/S Announces CEO ChangesØrsted A/S announced that on January 31, 2025, the Board of Directors has appointed Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new CEO of the company replacing Mads Nipper who will step down from his position as CEO. Mads Nipper joined Ørsted in January 2021. He will step down as CEO on 1 February 2025, at which time Rasmus Errboe will step into the role of CEO. As Deputy CEO and CCO, and former Regional Head of European market and former CFO for the global offshore business, he has a deep understanding of business and an extensive knowledge of the energy industry. I’m therefore convinced that Rasmus is the right person to lead the company through the challenges facing the industry and Ørsted.お知らせ • Jan 31Ørsted A/S Announces Executive Changes, Effective 1 February 2025Ørsted A/S announced that on January 31, 2025, the Board of Directors approved appointment of Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new Group President replacing Mads Nipper who will step down from his position as Group President. As of 1 February 2025, Rasmus Errboe steps into the role of Group President. As Deputy CEO and CCO, and former Regional Head of European market and former CFO for the global offshore business, he has a deep understanding of business and an extensive knowledge of the energy industry. I’m therefore convinced that Rasmus is the right person to lead the company through the challenges facing the industry and Ørsted.Price Target Changed • Jan 23Price target decreased by 8.1% to kr.401Down from kr.436, the current price target is an average from 24 analysts. New target price is 56% above last closing price of kr.257. Stock is down 32% over the past year. The company is forecast to post earnings per share of kr.19.62 next year compared to a net loss per share of kr.50.11 last year.Major Estimate Revision • Jan 23Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr.86.1b to kr.85.2b. EPS estimate also fell from kr.21.92 per share to kr.19.62 per share. Net income forecast to grow 102% next year vs 14% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.436 to kr.406. Share price fell 15% to kr.257 over the past week.Valuation Update With 7 Day Price Move • Jan 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to kr.262, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in Europe. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.164 per share.New Risk • Jan 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change).お知らせ • Jan 01Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) completed the acquisition of 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED).Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) agreed to acquire 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED) for transaction valued at £1.8 billion on October 30, 2024. Under the terms of agreement, buyers will acquire 12.45% minority stakes in four of Ørsted’s operational U.K. offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The value of transaction is £1.745 billion. Brookfield is pursuing this transaction through Brookfield Infrastructure Fund V, the world’s largest infrastructure fund. Ørsted will retain a 37.55% ownership interest in the four assets and will continue to exercise a similar level of control and governance as before the transaction. Ørsted will also continue to oversee the operations and maintenance of the wind farms, according to the current service agreements. All four assets are fully operational under long-term inflation-linked contracts for difference (CfD). The agreement includes a call option, providing Ørsted with the opportunity, but no obligation, to repurchase the assets from Brookfield between two and seven years from the closing of the transaction at a pre-agreed price. The transaction is expected to close by the end of 2024, subject to customary regulatory approvals. Richard Ginks, Alistair Fraser, Rhian Parker and Anna Mitchell of Linklaters acted as legal advisor to Ørsted in the transaction. Morgan Stanley acted as the financial advisor to Ørsted A/S. Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) completed the acquisition of 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED) on December 31, 2024.お知らせ • Dec 20Energy Capital Partners, LLC agreed to acquire 50% stake in Eleven Mile Solar Center, Llc,Mockingbird Solar Center, LLC and Sparta Solar, LLC from Ørsted A/S (CPSE:ORSTED) in a transaction valued at $570 million.Energy Capital Partners, LLC agreed to acquire 50% stake in Eleven Mile Solar Center, Llc,Mockingbird Solar Center, LLC and Sparta Solar, LLC from Ørsted A/S (CPSE:ORSTED) in a transaction valued at $570 million on December 18, 2024. The financial closing of the transaction is across different project companies and that the total impact from the transaction will be recognized across the reporting periods Q4 2024 and Q1 2025, subject to certain conditions precedent.お知らせ • Nov 21Ørsted A/S, Annual General Meeting, Apr 03, 2025Ørsted A/S, Annual General Meeting, Apr 03, 2025.お知らせ • Nov 20+ 3 more updatesØrsted A/S to Report Fiscal Year 2024 Final Results on Feb 06, 2025Ørsted A/S announced that they will report fiscal year 2024 final results at 8:00 AM, Central European Standard Time on Feb 06, 2025Major Estimate Revision • Nov 14Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from kr.78.2b to kr.86.7b. EPS estimate increased from kr.16.55 to kr.18.81 per share. Net income forecast to grow 111% next year vs 17% growth forecast for Renewable Energy industry in Denmark. Consensus price target broadly unchanged at kr.467. Share price was steady at kr.371 over the past week.New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).Reported Earnings • Nov 05Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: kr.12.00 (up from kr.53.80 loss in 3Q 2023). Revenue: kr.15.8b (down 17% from 3Q 2023). Net income: kr.5.11b (up kr.27.7b from 3Q 2023). Profit margin: 32% (up from net loss in 3Q 2023). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.お知らせ • Nov 01Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) agreed to acquire 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED) for transaction valued at £1.8 billion.Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) agreed to acquire 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED) for transaction valued at £1.8 billion on October 30, 2024. Under the terms of agreement, buyers will acquire 12.45% minority stakes in four of Ørsted’s operational U.K. offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The value of transaction is £1.745 billion. Brookfield is pursuing this transaction through Brookfield Infrastructure Fund V, the world’s largest infrastructure fund. Ørsted will retain a 37.55% ownership interest in the four assets and will continue to exercise a similar level of control and governance as before the transaction. Ørsted will also continue to oversee the operations and maintenance of the wind farms, according to the current service agreements. All four assets are fully operational under long-term inflation-linked contracts for difference (CfD). The agreement includes a call option, providing Ørsted with the opportunity, but no obligation, to repurchase the assets from Brookfield between two and seven years from the closing of the transaction at a pre-agreed price. The transaction is expected to close by the end of 2024, subject to customary regulatory approvals. Richard Ginks, Alistair Fraser, Rhian Parker and Anna Mitchell of Linklaters acted as legal advisor to Ørsted in the transaction.Board Change • Oct 23Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Julia King was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 04Ørsted A/S Announces Board ChangesØrsted A/S announced that Lara Jewinat, one of the employee-elected members of the Board of Directors, has stepped down as board member. The first alternate, Leticia Torres Mandiola (Lead Strategy Consultant, Commercial), has replaced Lara Jewinat as employee-elected board member.Reported Earnings • Aug 16Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: kr.4.10 loss per share (further deteriorated from kr.1.40 loss in 2Q 2023). Revenue: kr.15.0b (up 3.1% from 2Q 2023). Net loss: kr.1.72b (loss widened 188% from 2Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.お知らせ • Jun 18Norges Bank Investment Management agreed to acquire 37.50% stake in 573 MW Race Bank Offshore Wind Farm from Ørsted A/S (CPSE:ORSTED), Macquarie European Infrastructure Fund 5 LP, fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited and Spring Infrastructure 1 Investment Limited Partnership a fund management by Spring Infrastructure Capital Co., Ltd for approximately £330 million.Norges Bank Investment Management agreed to acquire 37.50% stake in 573 MW Race Bank Offshore Wind Farm from Ørsted A/S (CPSE:ORSTED), Macquarie European Infrastructure Fund 5 LP, fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited and Spring Infrastructure 1 Investment Limited Partnership a fund management by Spring Infrastructure Capital Co., Ltd for approximately £330 million on April 9, 2024. The wind farm includes a debt facility with an outstanding balance of approximately £644 million at Norges Bank Investment Management’s ownership share.Macquarie Asset Management, via Macquarie European Infrastructure Fund 5 (25.0%), and Spring Infrastructure 1 Investment Limited Partnership, a fund managed by Spring Infrastructure Capital Co., Ltd. (12.5%). Arjun Infrastructure Partners will remain co-investor for 12.5% of the wind farm, and Ørsted will remain as a 50% owner and operator of the wind farm. Following this transaction, funds managed by Macquarie Asset Management will continue to manage stakes in the Gwynt y Môr, Sheringham Shoal, Lincs, Lynn, Inner Dowsing, Rhyl Flats and East Anglia One offshore wind farms. Macquarie Group and its partners are also supporting the development of the next generation of projects, including the 2 GW West of Orkney, 1.5 GW Outer Dowsing, 1.2 GW Rampion 2, and 353 MW Five Estuaries offshore wind farms. The terms of the transaction imply an equity value of approximately £880 million on a 100 per cent basis. The transaction has now reached financial close. Norges Bank Investment Management agreed to acquire 37.50% stake in 573 MW Race Bank Offshore Wind Farm from Ørsted A/S (CPSE:ORSTED), Macquarie European Infrastructure Fund 5 LP, fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited and Spring Infrastructure 1 Investment Limited Partnership a fund management by Spring Infrastructure Capital Co., Ltd on June 14, 2024.Reported Earnings • May 03First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: kr.5.70. Revenue: kr.19.2b (down 35% from 1Q 2023). Net income: kr.2.39b (down 15% from 1Q 2023). Profit margin: 13% (up from 9.6% in 1Q 2023). Revenue missed analyst estimates by 31%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.お知らせ • Mar 28U.S. Department of Energy Selects Ørsted to Receive Industrial Decarbonization FundingØrsted announced it has been selected by the Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $100 million in federal funding to construct a Power-to-X facility, called Star e-Methanol, along the Texas Gulf Coast. The U.S. industrial and transportation sectors accounts for 65% of U.S. greenhouse gas emissions. Ørsted is leveraging its renewable power portfolio to produce green hydrogen and e-methanol to reduce emissions from these sectors. Star e-Methanol is estimated to produce up to 300,000 metric tons of e-methanol annually which can be used directly as a marine shipping fuel, or as an input in sustainable aviation fuel or in chemical production, which all currently rely on energy-intensive fossil-derived fuels. The Star e-Methanol project consists of multiple components to reach a net-neutral carbon solution. This includes building new onshore wind and solar projects in Texas to power the electrolysis of green hydrogen, capturing biogenic carbon from an industrial facility, and synthesizing the captured biogenic carbon with green hydrogen to create e-methanol. The resulting e-methanol will reduce CO2 emissions by more than 90% compared to conventional marine fuel. The project is estimated to create 300 construction jobs and 50 permanent jobs for operations and maintenance. Many employees supporting the project will be based in Houston, where Ørsted opened a new office in early 2024. Ørsted has also committed to working with the University of Houston to create a meaningful community benefits plan that incorporates workforce development training, furthering STEM at educational institutions, and supporting environmental justice initiatives.お知らせ • Mar 22Ørsted A/S Appoints Rasmus Errboe as Deputy CEO and Chief Commercial OfficerØrsted A/S announced that as part of the new management structure, Ørsted establishes a new Commercial organisation under Rasmus Errboe, who is appointed Deputy CEO and Chief Commercial Officer (CCO). Due to his new role, Rasmus Errboe will be part of the registered management of Ørsted A/S. Rasmus Errboe is currently interim CFO and was previously CEO of Region Europe at Ørsted. Ørsted’s Group Executive Team, effective as of 1 April 2024: Mads Nipper, Group President and Chief Executive Officer (CEO). Rasmus Errboe, Deputy CEO and Chief Commercial Officer (CCO). Trond Westlie, Executive Vice President and Chief Financial Officer (CFO). Patrick Harnett, Executive Vice President and Chief Operating Officer (COO). Henriette Fenger Ellekrog, Executive Vice President and Chief HR Officer (CHRO).Board Change • Mar 07Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Julia King was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 06+ 1 more updateØrsted A/S Approves No Dividend Payment for the Financial Year 2023Ørsted A/S approved that in accordance with the proposal of the Board of Directors, no dividend is paid out to the shareholders for the financial year 2023, at its AGM, held on 5 March 2024.お知らせ • Feb 28+ 1 more updateØrsted A/S Announces CFO ChangesØrsted A/S has appointed Trond Westlie as Ørsted’s next Group Chief Financial Officer (CFO) effective as of 1 April 2024. Trond Westlie has served as Group CFO at A.P. Moller-Maersk, at VEON, at Telenor, and at Aker Kvaerner, and he holds a master’s degree in auditing. Trond Westlie is currently Chair of the board at Arendals Fossekompani, a Norwegian industrial investment company focused on forward-looking technologies within the green energy transition, and board member at Wilhelmsen group, a Norwegian multinational maritime company. Rasmus Errboe, who has acted as interim CFO since 14 November 2023, will return to his position as CEO of Region Europe by the end of March 2024.お知らせ • Feb 19Ørsted A/S Announces Board ResignationsØrsted A/S announced On 7 February 2024, Ørsted announced that Thomas Thune Andersen, Chair of the Board of Directors of Ørsted A/S, decided not to seek re-election at the annual general meeting on 5 March 2024. Thomas Thune Andersen has served as Chair of Ørsted A/S for ten years, and in anticipation of a forthcoming chair succession, the Nomination & Remuneration Committee of Ørsted A/S has been evaluating the best chair succession scenarios for Ørsted, including evaluating internal and external candidates for the position. Based on this process, and when Thomas Thune Andersen informed the Board of Directors on 7 February 2024 of his decision to step down at the upcoming annual general meeting, the Board of Directors concluded that the best candidates for the positions as new Chair and Deputy Chair would be Lene Skole and Andrew Brown, respectively. Jorgen Kildahl is not seeking re-election as deputy chair.Recent Insider Transactions • Feb 18Independent Director recently bought kr.1.5m worth of stockOn the 15th of February, Peter Korsholm bought around 4k shares on-market at roughly kr.409 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr.5.9m more in shares than they have sold in the last 12 months.お知らせ • Feb 08Ørsted A/S Announces Board AppointmentsØrsted A/S announced that employees in Ørsted have selected their employee-elected members to the Board of Directors. The following employees were elected as employee-elected board members for the next two years: Benny Gøbel, Senior Mechanical Specialist, EPCO & IT (re-elected) Anne Cathrine Collet Yde, Global HR Business Partner, People & Development (re-elected) Ian McCalder, Radio Communication Project Specialist, EPCO & IT Lara Jewinat, Engineering Director, EPCO & IT The four employee-elected board members will join the Board of Directors after the annual general meeting on 5 March 2024.Reported Earnings • Feb 08Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: kr.50.10 loss per share (down from kr.34.62 profit in FY 2022). Revenue: kr.79.3b (down 40% from FY 2022). Net loss: kr.20.5b (down 241% from profit in FY 2022). Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Feb 08Now 20% undervaluedOver the last 90 days, the stock has risen 35% to kr.379. The fair value is estimated to be kr.475, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 6.3% in a year. Earnings are forecast to grow by 100% in the next year.収支内訳Ørsted の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史CPSE:ORSTED 収益、費用、利益 ( )DKK Millions日付収益収益G+A経費研究開発費31 Dec 2573,2441,72716,143030 Sep 2571,187-90216,045030 Jun 2574,6835,94215,770031 Mar 2572,5711,12915,321031 Dec 2471,034-92315,229030 Sep 2471,4875,05215,013030 Jun 2473,162-22,59914,175031 Mar 2472,704-21,47814,054031 Dec 2379,255-21,05913,780030 Sep 2375,544-20,87013,314030 Jun 2394,64411,07513,431031 Mar 23106,37411,80313,155031 Dec 22114,41714,54912,327030 Sep 22127,26418,18511,651030 Jun 22105,2339,32611,010031 Mar 2292,49114,60410,420031 Dec 2177,67310,22210,049030 Sep 2160,2027,6869,479030 Jun 2154,45418,4839,796031 Mar 2150,86310,8889,745031 Dec 2050,15115,12110,057030 Sep 2056,77115,48610,155030 Jun 2062,5525,0419,798031 Mar 2069,8678,63310,003031 Dec 1970,3986,56210,043030 Sep 1976,74821,8619,922030 Jun 1975,00320,1749,888031 Mar 1974,58518,2949,456031 Dec 1875,52017,8168,991030 Sep 1864,06610,0128,249030 Jun 1862,91510,8297,699031 Mar 1861,98113,7887,535031 Dec 1759,70912,6157,438030 Sep 1758,3956,7027,400030 Jun 1759,9479,2337,366031 Mar 1757,1566,2027,067031 Dec 1657,39310,0797,166030 Sep 1654,8115,5905,397030 Jun 1662,5295,8805,747031 Mar 1667,4206,5166,406031 Dec 1566,7081,1096,573030 Sep 1576,716-5699,389030 Jun 1567,876-5,3709,7120質の高い収益: ORSTED 非現金収入 のレベルが高いです。利益率の向上: ORSTED過去に利益を上げました。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: ORSTEDの収益は過去 5 年間で年間38.1%減少しました。成長の加速: ORSTEDは昨年収益を上げたため、収益成長率を 5 年間の平均と比較することは困難です。収益対業界: ORSTED昨年収益を上げたため、昨年の収益成長をRenewable Energy業界 ( -20% ) と比較することは困難です。株主資本利益率高いROE: ORSTEDの 自己資本利益率 ( 2.1% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YUtilities 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 10:19終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Ørsted A/S 19 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。33 アナリスト機関null nullABG Sundal CollierVirginia Sanz de Madrid GrossBanco SantanderDominic NashBarclays30 その他のアナリストを表示
お知らせ • Feb 24Ørsted A/S to Report Q4, 2025 Results on Feb 26, 2026Ørsted A/S announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026
分析記事 • Feb 18There May Be Underlying Issues With The Quality Of Ørsted's (CPH:ORSTED) EarningsØrsted A/S' ( CPH:ORSTED ) robust earnings report didn't manage to move the market for its stock. We did some digging...
Reported Earnings • Feb 08Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: kr.1.95 (up from kr.1.22 loss in FY 2024). Revenue: kr.73.2b (up 3.1% from FY 2024). Net income: kr.1.73b (up kr.2.65b from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 13+ 3 more updatesØrsted A/S to Report First Half, 2026 Results on Aug 13, 2026Ørsted A/S announced that they will report first half, 2026 results on Aug 13, 2026
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: kr.4.20 loss per share (down from kr.12.03 profit in 3Q 2024). Revenue: kr.12.3b (down 22% from 3Q 2024). Net loss: kr.1.79b (down 135% from profit in 3Q 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
分析記事 • Aug 18Impressive Earnings May Not Tell The Whole Story For Ørsted (CPH:ORSTED)Ørsted A/S ( CPH:ORSTED ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...
ライブニュース • May 05Ørsted Refocuses on Offshore Wind as CIP Takes Over European Onshore AssetsCopenhagen Infrastructure Partners has completed the acquisition of Ørsted’s European onshore renewable energy platform. Following the deal, CIP has launched Perigus Energy to run onshore wind, solar and battery storage projects across several European countries. Ørsted has exited these onshore assets as part of a move to concentrate on its offshore wind operations in Europe. For you as an investor, this transaction highlights a clearer split between Ørsted’s offshore and onshore activities in Europe. Ørsted is stepping away from its European onshore portfolio and tightening its focus on offshore wind in the region. CIP, through Perigus Energy, is taking on the onshore wind, solar and storage projects and will continue to run and develop them across multiple European markets. This kind of refocusing can simplify Ørsted’s business profile, creating a clearer emphasis on offshore wind within Europe alongside a broader renewable portfolio globally. It also shifts onshore development risk and capital needs for these specific European assets to CIP. When you assess Ørsted, it is worth noting that investment needs and potential volatility tied to these European onshore projects will now sit with Perigus Energy instead of Ørsted, while Ørsted’s core narrative centers more on offshore wind.
Buy Or Sell Opportunity • Mar 22Now 21% undervaluedOver the last 90 days, the stock has risen 18% to kr.138. The fair value is estimated to be kr.175, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
お知らせ • Mar 19Ørsted A/S Announces Directors Not Seeking Re-ElectionØrsted A/S announced that at the annual general meeting of Ørsted A/S to be held on 9 April 2026, Judith Hartmann and Annica Bresky are not seeking re-election for board of directors.
お知らせ • Feb 24Ørsted A/S to Report Q4, 2025 Results on Feb 26, 2026Ørsted A/S announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026
分析記事 • Feb 18There May Be Underlying Issues With The Quality Of Ørsted's (CPH:ORSTED) EarningsØrsted A/S' ( CPH:ORSTED ) robust earnings report didn't manage to move the market for its stock. We did some digging...
Reported Earnings • Feb 08Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: kr.1.95 (up from kr.1.22 loss in FY 2024). Revenue: kr.73.2b (up 3.1% from FY 2024). Net income: kr.1.73b (up kr.2.65b from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 03Ørsted A/S Announces Board ChangesØrsted A/S announced that Leticia Mandiola, one of the employee-elected members of the board of directors has stepped down as board member. The first alternate, Arul Gynasegaran(Senior Project Lead, Engineering) has replaced Leticia Mandiola employee-elected board member.
New Risk • Jan 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (214% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change).
お知らせ • Nov 24Ørsted A/S Announces Board ChangesØrsted A/S announced that Ian McCalder, one of the employee-elected members of the Board of Directors of Ørsted A/S, has stepped down as board member. The first alternate, Pawel Matysiak (Solution Manager, IT), has replaced Ian McCalder as employee-elected board member of Ørsted A/S.
お知らせ • Nov 13+ 3 more updatesØrsted A/S to Report First Half, 2026 Results on Aug 13, 2026Ørsted A/S announced that they will report first half, 2026 results on Aug 13, 2026
お知らせ • Nov 12Ørsted A/S, Annual General Meeting, Apr 09, 2026Ørsted A/S, Annual General Meeting, Apr 09, 2026.
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: kr.4.20 loss per share (down from kr.12.03 profit in 3Q 2024). Revenue: kr.12.3b (down 22% from 3Q 2024). Net loss: kr.1.79b (down 135% from profit in 3Q 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Nov 05Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.7.39 to kr.6.29 per share. Revenue forecast steady at kr.70.6b. Net income forecast to grow 39% next year vs 40% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.139 to kr.131. Share price fell 4.6% to kr.114 over the past week.
Major Estimate Revision • Nov 04Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.7.39 to kr.6.55 per share. Revenue forecast steady at kr.70.9b. Net income forecast to grow 40% next year vs 40% growth forecast for Renewable Energy industry in Denmark. Consensus price target of kr.130 unchanged from last update. Share price fell 5.7% to kr.113 over the past week.
Price Target Changed • Nov 04Price target decreased by 9.3% to kr.130Down from kr.143, the current price target is an average from 20 analysts. New target price is 15% above last closing price of kr.113. Stock is down 73% over the past year. The company is forecast to post earnings per share of kr.6.55 next year compared to a net loss per share of kr.2.20 last year.
Price Target Changed • Oct 21Price target decreased by 8.1% to kr.139Down from kr.152, the current price target is an average from 21 analysts. New target price is 17% above last closing price of kr.120. Stock is down 72% over the past year. The company is forecast to post earnings per share of kr.7.39 next year compared to a net loss per share of kr.2.20 last year.
New Risk • Oct 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 214% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (29% accrual ratio). Shareholders have been substantially diluted in the past year (214% increase in shares outstanding).
Price Target Changed • Oct 09Price target decreased by 12% to kr.143Down from kr.163, the current price target is an average from 19 analysts. New target price is 20% above last closing price of kr.119. Stock is down 73% over the past year. The company is forecast to post earnings per share of kr.8.00 next year compared to a net loss per share of kr.2.20 last year.
Major Estimate Revision • Oct 07Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.9.79 to kr.8.61 per share. Revenue forecast steady at kr.72.0b. Net income forecast to grow 52% next year vs 33% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.163 to kr.155. Share price rose 6.8% to kr.121 over the past week.
Major Estimate Revision • Oct 02Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.8.75 to kr.7.76 per share. Revenue forecast steady at kr.72.4b. Net income forecast to grow 51% next year vs 25% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.163 to kr.157. Share price was steady at kr.117 over the past week.
Major Estimate Revision • Sep 22Consensus EPS estimates fall by 52%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr.75.0b to kr.72.4b. EPS estimate also fell from kr.17.64 per share to kr.8.55 per share. Net income forecast to grow 52% next year vs 26% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.248 to kr.162. Share price fell 44% to kr.111 over the past week.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment deteriorates as stock falls 44%After last week's 44% share price decline to kr.111, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Renewable Energy industry in Europe. Total loss to shareholders of 69% over the past three years.
Major Estimate Revision • Sep 17Consensus EPS estimates increase by 12%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr.75.0b to kr.72.5b. EPS estimate rose from kr.18.52 to kr.20.81. Net income forecast to grow 58% next year vs 34% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.236 to kr.200. Share price fell 48% to kr.107 over the past week.
お知らせ • Sep 17Ørsted A/S has filed a Follow-on Equity Offering in the amount of DKK 59.994386 billion.Ørsted A/S has filed a Follow-on Equity Offering in the amount of DKK 59.994386 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 900,816,600 Price\Range: DKK 66.6 Transaction Features: Regulation S; Rights Offering
分析記事 • Sep 02Ørsted A/S' (CPH:ORSTED) Intrinsic Value Is Potentially 80% Above Its Share PriceKey Insights Ørsted's estimated fair value is kr.359 based on 2 Stage Free Cash Flow to Equity Ørsted's kr.200 share...
分析記事 • Aug 18Impressive Earnings May Not Tell The Whole Story For Ørsted (CPH:ORSTED)Ørsted A/S ( CPH:ORSTED ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorates as stock falls 32%After last week's 32% share price decline to kr.209, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Renewable Energy industry in Europe. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.344 per share.
分析記事 • Aug 15Benign Growth For Ørsted A/S (CPH:ORSTED) Underpins Stock's 32% PlummetCPSE:ORSTED 1 Year Share Price vs Fair Value Explore Ørsted's Fair Values from the Community and select yours Ørsted...
Price Target Changed • Aug 13Price target decreased by 7.1% to kr.294Down from kr.316, the current price target is an average from 22 analysts. New target price is 41% above last closing price of kr.208. Stock is down 51% over the past year. The company is forecast to post earnings per share of kr.17.83 next year compared to a net loss per share of kr.2.20 last year.
Reported Earnings • Aug 12Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: kr.7.30 (up from kr.4.08 loss in 2Q 2024). Revenue: kr.17.1b (up 14% from 2Q 2024). Net income: kr.3.10b (up kr.4.81b from 2Q 2024). Profit margin: 18% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 12Ørsted A/S has filed a Follow-on Equity Offering in the amount of DKK 60 billion.Ørsted A/S has filed a Follow-on Equity Offering in the amount of DKK 60 billion. Security Name: Shares Security Type: Common Stock Transaction Features: Rights Offering
分析記事 • Aug 12Is Ørsted (CPH:ORSTED) A Risky Investment?CPSE:ORSTED 1 Year Share Price vs Fair Value Explore Ørsted's Fair Values from the Community and select yours Warren...
Major Estimate Revision • Aug 11Consensus EPS estimates fall by 37%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from kr.22.43 to kr.14.14 per share. Revenue forecast steady at kr.74.0b. Net income forecast to grow 555% next year vs 18% growth forecast for Renewable Energy industry in Denmark. Consensus price target of kr.307 unchanged from last update. Share price fell 30% to kr.217 over the past week.
Board Change • Aug 07High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Judith Hartmann was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 12Ørsted Reportedly Seeks to Sell Large Onshore-Wind PortfolioDanish renewable energy giant Ørsted A/S (CPSE:ORSTED) is selling its large onshore-wind portfolio, which includes a clutch of assets in Ireland. The entire 800MW platform, which also includes windfarms in the UK, Germany and Spain, could fetch as much as EUR 2 billion. Orsted's European onshore headquarters are based in Cork city, where it employs about 100 people. The group has invested EUR 800 million in Ireland across a portfolio of wind and solar projects. Of the 27 operational onshore windfarms that are up for sale by Orsted, 21 are in Ireland. They include windfarms across the country, stretching from Donegal to Kerry. The company is currently building a 50MW windfarm in Co Tipperary and has six projects in development. The planned sale of Orsted's onshore wind assets was first reported by industry publication PeakLoad. Orsted declined to comment. PeakLoad noted that BNP Paribas is advising on the proposed sale of the assets, dubbed Project Grace. Non-binding offers are slated to be submitted next month. The entire portfolio includes more than 600MW of power from windfarms, with up to 371MW being generated by the operational Irish units. The sale will also include windfarm sites under development.
分析記事 • May 10Results: Ørsted A/S Beat Earnings Expectations And Analysts Now Have New ForecastsLast week, you might have seen that Ørsted A/S ( CPH:ORSTED ) released its first-quarter result to the market. The...
Reported Earnings • May 07First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: kr.10.60 (up from kr.5.70 in 1Q 2024). Revenue: kr.20.7b (up 8.0% from 1Q 2024). Net income: kr.4.44b (up 86% from 1Q 2024). Profit margin: 22% (up from 13% in 1Q 2024). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) exceeded analyst estimates by 84%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 23Ørsted A/S Appoints Amanda Dasch as Chief Development Officer and Godson Njoku as Chief Generation Officer, Effective from 1 May 2025Effective from 1 May 2025, Orsted expands its Group Executive Team and appoints two new members, reporting to Group President and CEO, Rasmus Errboe. With today's appointments, the full offshore wind value chain, including development, construction, and generation, will be represented in Orsted's Group Executive Team. Amanda Dasch is appointed Chief Development Officer (CDO) and will head up Orsted Commercial, which covers commercial development activities across Orsted's three regions (Europe, Americas, and APAC)as well as Trading & Revenue, Group Strategy & Innovation, and Group Stakeholder Relations. Amanda Dasch is currently CEO of Region Americas at Orsted and has 20 years of leadership experience from the energy industry. She will relocate to Denmark and will continue as interim CEO of Region Americas until her successor has been found. Godson Njoku is appointed Chief Generation Officer(CGO)and will be leading Orsted Generation holding the overall responsibility for the performance of Orsted's European fleet of energy-generating assets. Godson Njoku will be based in the UK and joins Orsted after 20 years with Shell, where he held a number of senior executive roles, including serving as Executive Vice President with responsibility for Global Production Excellence in Shell's Upstream Business Leadership Team. With the changes to the Group Executive Team, Orsted will discontinue the Deputy CEO function.
Board Change • Apr 08Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Annica Bresky was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Mar 13Ørsted A/S Announces Dieter Wemmer and Peter Korsholm Not Seeking Re-Election to the Board of DirectorsØrsted A/S announced that Dieter Wemmer and Peter Korsholm are not seeking re-election to the Board of Directors at the AGM to be held on April 3, 2025.
Reported Earnings • Feb 07Full year 2024 earnings released: kr.2.20 loss per share (vs kr.50.11 loss in FY 2023)Full year 2024 results: kr.2.20 loss per share (improved from kr.50.11 loss in FY 2023). Revenue: kr.71.0b (down 10% from FY 2023). Net loss: kr.923.0m (loss narrowed 96% from FY 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Feb 07Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr.87.6b to kr.73.9b. EPS estimate fell from kr.24.69 to kr.23.35 per share. Net income forecast to grow 95% next year vs 14% growth forecast for Renewable Energy industry in Denmark. Consensus price target broadly unchanged at kr.398. Share price rose 8.1% to kr.300 over the past week.
お知らせ • Feb 01Ørsted A/S Announces CEO ChangesØrsted A/S announced that on January 31, 2025, the Board of Directors has appointed Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new CEO of the company replacing Mads Nipper who will step down from his position as CEO. Mads Nipper joined Ørsted in January 2021. He will step down as CEO on 1 February 2025, at which time Rasmus Errboe will step into the role of CEO. As Deputy CEO and CCO, and former Regional Head of European market and former CFO for the global offshore business, he has a deep understanding of business and an extensive knowledge of the energy industry. I’m therefore convinced that Rasmus is the right person to lead the company through the challenges facing the industry and Ørsted.
お知らせ • Jan 31Ørsted A/S Announces Executive Changes, Effective 1 February 2025Ørsted A/S announced that on January 31, 2025, the Board of Directors approved appointment of Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new Group President replacing Mads Nipper who will step down from his position as Group President. As of 1 February 2025, Rasmus Errboe steps into the role of Group President. As Deputy CEO and CCO, and former Regional Head of European market and former CFO for the global offshore business, he has a deep understanding of business and an extensive knowledge of the energy industry. I’m therefore convinced that Rasmus is the right person to lead the company through the challenges facing the industry and Ørsted.
Price Target Changed • Jan 23Price target decreased by 8.1% to kr.401Down from kr.436, the current price target is an average from 24 analysts. New target price is 56% above last closing price of kr.257. Stock is down 32% over the past year. The company is forecast to post earnings per share of kr.19.62 next year compared to a net loss per share of kr.50.11 last year.
Major Estimate Revision • Jan 23Consensus EPS estimates fall by 10%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr.86.1b to kr.85.2b. EPS estimate also fell from kr.21.92 per share to kr.19.62 per share. Net income forecast to grow 102% next year vs 14% growth forecast for Renewable Energy industry in Denmark. Consensus price target down from kr.436 to kr.406. Share price fell 15% to kr.257 over the past week.
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to kr.262, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in Europe. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.164 per share.
New Risk • Jan 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change).
お知らせ • Jan 01Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) completed the acquisition of 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED).Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) agreed to acquire 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED) for transaction valued at £1.8 billion on October 30, 2024. Under the terms of agreement, buyers will acquire 12.45% minority stakes in four of Ørsted’s operational U.K. offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The value of transaction is £1.745 billion. Brookfield is pursuing this transaction through Brookfield Infrastructure Fund V, the world’s largest infrastructure fund. Ørsted will retain a 37.55% ownership interest in the four assets and will continue to exercise a similar level of control and governance as before the transaction. Ørsted will also continue to oversee the operations and maintenance of the wind farms, according to the current service agreements. All four assets are fully operational under long-term inflation-linked contracts for difference (CfD). The agreement includes a call option, providing Ørsted with the opportunity, but no obligation, to repurchase the assets from Brookfield between two and seven years from the closing of the transaction at a pre-agreed price. The transaction is expected to close by the end of 2024, subject to customary regulatory approvals. Richard Ginks, Alistair Fraser, Rhian Parker and Anna Mitchell of Linklaters acted as legal advisor to Ørsted in the transaction. Morgan Stanley acted as the financial advisor to Ørsted A/S. Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) completed the acquisition of 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED) on December 31, 2024.
お知らせ • Dec 20Energy Capital Partners, LLC agreed to acquire 50% stake in Eleven Mile Solar Center, Llc,Mockingbird Solar Center, LLC and Sparta Solar, LLC from Ørsted A/S (CPSE:ORSTED) in a transaction valued at $570 million.Energy Capital Partners, LLC agreed to acquire 50% stake in Eleven Mile Solar Center, Llc,Mockingbird Solar Center, LLC and Sparta Solar, LLC from Ørsted A/S (CPSE:ORSTED) in a transaction valued at $570 million on December 18, 2024. The financial closing of the transaction is across different project companies and that the total impact from the transaction will be recognized across the reporting periods Q4 2024 and Q1 2025, subject to certain conditions precedent.
お知らせ • Nov 21Ørsted A/S, Annual General Meeting, Apr 03, 2025Ørsted A/S, Annual General Meeting, Apr 03, 2025.
お知らせ • Nov 20+ 3 more updatesØrsted A/S to Report Fiscal Year 2024 Final Results on Feb 06, 2025Ørsted A/S announced that they will report fiscal year 2024 final results at 8:00 AM, Central European Standard Time on Feb 06, 2025
Major Estimate Revision • Nov 14Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from kr.78.2b to kr.86.7b. EPS estimate increased from kr.16.55 to kr.18.81 per share. Net income forecast to grow 111% next year vs 17% growth forecast for Renewable Energy industry in Denmark. Consensus price target broadly unchanged at kr.467. Share price was steady at kr.371 over the past week.
New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
Reported Earnings • Nov 05Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: kr.12.00 (up from kr.53.80 loss in 3Q 2023). Revenue: kr.15.8b (down 17% from 3Q 2023). Net income: kr.5.11b (up kr.27.7b from 3Q 2023). Profit margin: 32% (up from net loss in 3Q 2023). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 01Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) agreed to acquire 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED) for transaction valued at £1.8 billion.Brookfield Infrastructure Fund V managed by Brookfield Corporation (TSX:BN), Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners and Brookfield Renewable Partners L.P. (TSX:BEP.UN) agreed to acquire 12.45% stake in Four UK Offshore Wind Farms from Ørsted A/S (CPSE:ORSTED) for transaction valued at £1.8 billion on October 30, 2024. Under the terms of agreement, buyers will acquire 12.45% minority stakes in four of Ørsted’s operational U.K. offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The value of transaction is £1.745 billion. Brookfield is pursuing this transaction through Brookfield Infrastructure Fund V, the world’s largest infrastructure fund. Ørsted will retain a 37.55% ownership interest in the four assets and will continue to exercise a similar level of control and governance as before the transaction. Ørsted will also continue to oversee the operations and maintenance of the wind farms, according to the current service agreements. All four assets are fully operational under long-term inflation-linked contracts for difference (CfD). The agreement includes a call option, providing Ørsted with the opportunity, but no obligation, to repurchase the assets from Brookfield between two and seven years from the closing of the transaction at a pre-agreed price. The transaction is expected to close by the end of 2024, subject to customary regulatory approvals. Richard Ginks, Alistair Fraser, Rhian Parker and Anna Mitchell of Linklaters acted as legal advisor to Ørsted in the transaction.
Board Change • Oct 23Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Julia King was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 04Ørsted A/S Announces Board ChangesØrsted A/S announced that Lara Jewinat, one of the employee-elected members of the Board of Directors, has stepped down as board member. The first alternate, Leticia Torres Mandiola (Lead Strategy Consultant, Commercial), has replaced Lara Jewinat as employee-elected board member.
Reported Earnings • Aug 16Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: kr.4.10 loss per share (further deteriorated from kr.1.40 loss in 2Q 2023). Revenue: kr.15.0b (up 3.1% from 2Q 2023). Net loss: kr.1.72b (loss widened 188% from 2Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 18Norges Bank Investment Management agreed to acquire 37.50% stake in 573 MW Race Bank Offshore Wind Farm from Ørsted A/S (CPSE:ORSTED), Macquarie European Infrastructure Fund 5 LP, fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited and Spring Infrastructure 1 Investment Limited Partnership a fund management by Spring Infrastructure Capital Co., Ltd for approximately £330 million.Norges Bank Investment Management agreed to acquire 37.50% stake in 573 MW Race Bank Offshore Wind Farm from Ørsted A/S (CPSE:ORSTED), Macquarie European Infrastructure Fund 5 LP, fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited and Spring Infrastructure 1 Investment Limited Partnership a fund management by Spring Infrastructure Capital Co., Ltd for approximately £330 million on April 9, 2024. The wind farm includes a debt facility with an outstanding balance of approximately £644 million at Norges Bank Investment Management’s ownership share.Macquarie Asset Management, via Macquarie European Infrastructure Fund 5 (25.0%), and Spring Infrastructure 1 Investment Limited Partnership, a fund managed by Spring Infrastructure Capital Co., Ltd. (12.5%). Arjun Infrastructure Partners will remain co-investor for 12.5% of the wind farm, and Ørsted will remain as a 50% owner and operator of the wind farm. Following this transaction, funds managed by Macquarie Asset Management will continue to manage stakes in the Gwynt y Môr, Sheringham Shoal, Lincs, Lynn, Inner Dowsing, Rhyl Flats and East Anglia One offshore wind farms. Macquarie Group and its partners are also supporting the development of the next generation of projects, including the 2 GW West of Orkney, 1.5 GW Outer Dowsing, 1.2 GW Rampion 2, and 353 MW Five Estuaries offshore wind farms. The terms of the transaction imply an equity value of approximately £880 million on a 100 per cent basis. The transaction has now reached financial close. Norges Bank Investment Management agreed to acquire 37.50% stake in 573 MW Race Bank Offshore Wind Farm from Ørsted A/S (CPSE:ORSTED), Macquarie European Infrastructure Fund 5 LP, fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited and Spring Infrastructure 1 Investment Limited Partnership a fund management by Spring Infrastructure Capital Co., Ltd on June 14, 2024.
Reported Earnings • May 03First quarter 2024 earnings: EPS in line with expectations, revenues disappointFirst quarter 2024 results: EPS: kr.5.70. Revenue: kr.19.2b (down 35% from 1Q 2023). Net income: kr.2.39b (down 15% from 1Q 2023). Profit margin: 13% (up from 9.6% in 1Q 2023). Revenue missed analyst estimates by 31%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat.
お知らせ • Mar 28U.S. Department of Energy Selects Ørsted to Receive Industrial Decarbonization FundingØrsted announced it has been selected by the Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $100 million in federal funding to construct a Power-to-X facility, called Star e-Methanol, along the Texas Gulf Coast. The U.S. industrial and transportation sectors accounts for 65% of U.S. greenhouse gas emissions. Ørsted is leveraging its renewable power portfolio to produce green hydrogen and e-methanol to reduce emissions from these sectors. Star e-Methanol is estimated to produce up to 300,000 metric tons of e-methanol annually which can be used directly as a marine shipping fuel, or as an input in sustainable aviation fuel or in chemical production, which all currently rely on energy-intensive fossil-derived fuels. The Star e-Methanol project consists of multiple components to reach a net-neutral carbon solution. This includes building new onshore wind and solar projects in Texas to power the electrolysis of green hydrogen, capturing biogenic carbon from an industrial facility, and synthesizing the captured biogenic carbon with green hydrogen to create e-methanol. The resulting e-methanol will reduce CO2 emissions by more than 90% compared to conventional marine fuel. The project is estimated to create 300 construction jobs and 50 permanent jobs for operations and maintenance. Many employees supporting the project will be based in Houston, where Ørsted opened a new office in early 2024. Ørsted has also committed to working with the University of Houston to create a meaningful community benefits plan that incorporates workforce development training, furthering STEM at educational institutions, and supporting environmental justice initiatives.
お知らせ • Mar 22Ørsted A/S Appoints Rasmus Errboe as Deputy CEO and Chief Commercial OfficerØrsted A/S announced that as part of the new management structure, Ørsted establishes a new Commercial organisation under Rasmus Errboe, who is appointed Deputy CEO and Chief Commercial Officer (CCO). Due to his new role, Rasmus Errboe will be part of the registered management of Ørsted A/S. Rasmus Errboe is currently interim CFO and was previously CEO of Region Europe at Ørsted. Ørsted’s Group Executive Team, effective as of 1 April 2024: Mads Nipper, Group President and Chief Executive Officer (CEO). Rasmus Errboe, Deputy CEO and Chief Commercial Officer (CCO). Trond Westlie, Executive Vice President and Chief Financial Officer (CFO). Patrick Harnett, Executive Vice President and Chief Operating Officer (COO). Henriette Fenger Ellekrog, Executive Vice President and Chief HR Officer (CHRO).
Board Change • Mar 07Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Julia King was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 06+ 1 more updateØrsted A/S Approves No Dividend Payment for the Financial Year 2023Ørsted A/S approved that in accordance with the proposal of the Board of Directors, no dividend is paid out to the shareholders for the financial year 2023, at its AGM, held on 5 March 2024.
お知らせ • Feb 28+ 1 more updateØrsted A/S Announces CFO ChangesØrsted A/S has appointed Trond Westlie as Ørsted’s next Group Chief Financial Officer (CFO) effective as of 1 April 2024. Trond Westlie has served as Group CFO at A.P. Moller-Maersk, at VEON, at Telenor, and at Aker Kvaerner, and he holds a master’s degree in auditing. Trond Westlie is currently Chair of the board at Arendals Fossekompani, a Norwegian industrial investment company focused on forward-looking technologies within the green energy transition, and board member at Wilhelmsen group, a Norwegian multinational maritime company. Rasmus Errboe, who has acted as interim CFO since 14 November 2023, will return to his position as CEO of Region Europe by the end of March 2024.
お知らせ • Feb 19Ørsted A/S Announces Board ResignationsØrsted A/S announced On 7 February 2024, Ørsted announced that Thomas Thune Andersen, Chair of the Board of Directors of Ørsted A/S, decided not to seek re-election at the annual general meeting on 5 March 2024. Thomas Thune Andersen has served as Chair of Ørsted A/S for ten years, and in anticipation of a forthcoming chair succession, the Nomination & Remuneration Committee of Ørsted A/S has been evaluating the best chair succession scenarios for Ørsted, including evaluating internal and external candidates for the position. Based on this process, and when Thomas Thune Andersen informed the Board of Directors on 7 February 2024 of his decision to step down at the upcoming annual general meeting, the Board of Directors concluded that the best candidates for the positions as new Chair and Deputy Chair would be Lene Skole and Andrew Brown, respectively. Jorgen Kildahl is not seeking re-election as deputy chair.
Recent Insider Transactions • Feb 18Independent Director recently bought kr.1.5m worth of stockOn the 15th of February, Peter Korsholm bought around 4k shares on-market at roughly kr.409 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr.5.9m more in shares than they have sold in the last 12 months.
お知らせ • Feb 08Ørsted A/S Announces Board AppointmentsØrsted A/S announced that employees in Ørsted have selected their employee-elected members to the Board of Directors. The following employees were elected as employee-elected board members for the next two years: Benny Gøbel, Senior Mechanical Specialist, EPCO & IT (re-elected) Anne Cathrine Collet Yde, Global HR Business Partner, People & Development (re-elected) Ian McCalder, Radio Communication Project Specialist, EPCO & IT Lara Jewinat, Engineering Director, EPCO & IT The four employee-elected board members will join the Board of Directors after the annual general meeting on 5 March 2024.
Reported Earnings • Feb 08Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: kr.50.10 loss per share (down from kr.34.62 profit in FY 2022). Revenue: kr.79.3b (down 40% from FY 2022). Net loss: kr.20.5b (down 241% from profit in FY 2022). Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Feb 08Now 20% undervaluedOver the last 90 days, the stock has risen 35% to kr.379. The fair value is estimated to be kr.475, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 6.3% in a year. Earnings are forecast to grow by 100% in the next year.