Vestas Wind Systems A/S

BATS-CHIXE:VWSC Stock Report

Market Cap: DKK 107.9b

Vestas Wind Systems Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
DKK 191.18
Fair Value
44.0% undervalued intrinsic discount
24
Number of Analysts

Below Fair Value: VWSC (DKK107.15) is trading below our estimate of fair value (DKK191.18)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VWSC. This is calculated by dividing VWSC's market cap by their current earnings.
What is VWSC's PE Ratio?
PE Ratio29x
Earnings€499.00m
Market Cap€14.47b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VWSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.4x
BNZL Bunzl
19.3x6.1%UK£9.6b
AHT Ashtead Group
16.1x11.3%UK£18.9b
SMIN Smiths Group
26.8x13.5%UK£6.7b
WEIR Weir Group
19.4x8.1%UK£6.1b
VWSC Vestas Wind Systems
29x22.2%DKK 107.9b

Price-To-Earnings vs Peers: VWSC is expensive based on its Price-To-Earnings Ratio (29x) compared to the peer average (20.4x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VWSC is expensive based on its Price-To-Earnings Ratio (29x) compared to the European Electrical industry average (15.8x).

Price to Earnings Ratio vs Fair Ratio

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

VWSC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29x
Fair PE Ratio34x

Price-To-Earnings vs Fair Ratio: VWSC is good value based on its Price-To-Earnings Ratio (29x) compared to the estimated Fair Price-To-Earnings Ratio (34x).

Analyst Price Targets

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

The above table shows the analyst VWSC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
DKK 148.61
0%
23.3%DKK 220.16DKK 75.05n/a24
Mar ’26DKK 102.58
DKK 148.48
+44.8%
23.3%DKK 219.96DKK 74.99n/a24
Feb ’26DKK 99.56
DKK 159.55
+60.3%
27.6%DKK 279.89DKK 80.02n/a24
Jan ’26DKK 99.27
DKK 163.65
+64.9%
28.2%DKK 279.96DKK 80.04n/a24
Dec ’25DKK 109.80
DKK 169.23
+54.1%
27.6%DKK 279.88DKK 80.02n/a24
Nov ’25DKK 134.25
DKK 197.25
+46.9%
22.7%DKK 280.00DKK 99.03n/a24
Oct ’25DKK 141.80
DKK 205.96
+45.2%
22.9%DKK 296.46DKK 99.02n/a24
Sep ’25DKK 154.05
DKK 210.68
+36.8%
22.6%DKK 299.92DKK 99.01n/a25
Aug ’25DKK 166.30
DKK 217.93
+31.0%
22.0%DKK 300.07DKK 99.02n/a25
Jul ’25DKK 162.25
DKK 220.60
+36.0%
21.7%DKK 299.83DKK 98.95n/a25
Jun ’25DKK 192.90
DKK 222.60
+15.4%
21.6%DKK 315.07DKK 99.02n/a25
May ’25DKK 188.85
DKK 222.80
+18.0%
21.3%DKK 315.04DKK 101.05n/a25
Apr ’25DKK 191.85
DKK 222.97
+16.2%
21.3%DKK 315.09DKK 101.01n/a25
Mar ’25DKK 182.52
DKK 218.37
+19.6%
22.9%DKK 314.93DKK 100.98DKK 102.5824
Feb ’25DKK 196.34
DKK 211.51
+7.7%
24.8%DKK 299.81DKK 100.93DKK 99.5623
Jan ’25DKK 215.73
DKK 205.39
-4.8%
24.7%DKK 300.16DKK 98.99DKK 99.2723
Dec ’24DKK 177.10
DKK 204.41
+15.4%
24.8%DKK 299.82DKK 98.94DKK 109.8023
Nov ’24DKK 156.06
DKK 202.02
+29.4%
25.1%DKK 300.18DKK 99.02DKK 134.2523
Oct ’24DKK 146.08
DKK 205.20
+40.5%
24.6%DKK 300.48DKK 99.02DKK 141.8024
Sep ’24n/a
DKK 218.54
0%
24.6%DKK 356.18DKK 140.14DKK 154.0524
Aug ’24DKK 180.98
DKK 215.04
+18.8%
23.0%DKK 340.11DKK 126.04DKK 166.3023
Jul ’24DKK 182.30
DKK 217.50
+19.3%
21.7%DKK 339.87DKK 139.95DKK 162.2523
Jun ’24DKK 201.65
DKK 217.07
+7.6%
22.6%DKK 339.85DKK 139.94DKK 192.9023
May ’24DKK 186.34
DKK 216.53
+16.2%
23.3%DKK 340.14DKK 140.20DKK 188.8523
Apr ’24n/a
DKK 216.55
0%
23.3%DKK 339.92DKK 140.11DKK 191.8523
Mar ’24DKK 200.65
DKK 209.17
+4.2%
25.7%DKK 359.72DKK 125.09DKK 182.5221
Analyst Price Target
Consensus Narrative from 24 Analysts
DKK 147.92
Fair Value
27.6% undervalued intrinsic discount
24
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/17 16:58
End of Day Share Price 2025/03/06 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

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

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

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

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

Analysis Model and Snowflake

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

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

Industry and Sector Metrics

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

Analyst Sources

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

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