{"id":"VWS.CO-20260801","symbol":"VWS.CO","date":"2026-08-01","facts":{"symbol":"VWS.CO","name":"Vestas Wind Systems A/S","sector":"Industrials","industry":"Specialty Industrial Machinery","country":"Denmark","summary":"Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates through two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities. Vestas Wind Systems A/S was founded in 1898 and is headquartered in Aarhus, Denmark.","tradeCcy":"DKK","finCcy":"EUR","isPence":false,"price":174.55,"priceMajor":174.55,"mcap":171046895616,"shares":979930617,"ev":178481741824,"beta":0.98,"high52":203,"low52":109.05,"drawdown":-0.14014778325123145,"ret6m":0.0639400219431916,"ret12m":0.5106014712245783,"trailingPE":27.48819,"forwardPE":117.63398,"priceToBook":6.110525,"dividendYield":0.0042,"revenueTTM":19320000512,"ebitda":1658000000,"grossMargin":0.13504,"opMargin":0.03202,"profitMargin":0.04425,"roe":0.23198,"revGrowthTTM":0.144,"ocfTTM":1968999936,"fcfTTM":620374976,"totalCash":4378999808,"totalDebt":3944000000,"netDebt":-434999808,"est":{"rev0y":21384595180,"eps0y":1.15414,"rev1y":22833228060,"eps1y":1.48384,"growth1y":0.2857,"target":191.03151,"nAnalysts":24,"rec":"buy"},"hist":{"years":["2022","2023","2024","2025"],"revenue":[14486000000,15382000000,17295000000,18822000000],"netIncome":[-1572000000,77000000,499000000,778000000],"fcf":[-1014000000,135000000,1177000000,1008000000],"ocf":[-195000000,1027000000,2332000000,2286000000],"opIncome":[-1152000000,36000000,739000000,1067000000],"eps":[-1.56,0.08,0.49,0.77],"equity":[3044000000,3027000000,3529000000,3867000000],"revCAGR3":0.0912035312534123,"lossYears":1},"cyclicality":0.461492374169897,"isFinancial":false,"chartPts":[{"d":"2024-07-28","c":164.82},{"d":"2024-08-04","c":163.39},{"d":"2024-08-11","c":157.84},{"d":"2024-08-18","c":153.59},{"d":"2024-08-25","c":153.34},{"d":"2024-09-01","c":145.57},{"d":"2024-09-08","c":160.96},{"d":"2024-09-15","c":157.35},{"d":"2024-09-22","c":148.88},{"d":"2024-09-29","c":139.23},{"d":"2024-10-06","c":134.53},{"d":"2024-10-13","c":128.19},{"d":"2024-10-20","c":130.82},{"d":"2024-10-27","c":131.31},{"d":"2024-11-03","c":103.45},{"d":"2024-11-10","c":103.45},{"d":"2024-11-17","c":98.48},{"d":"2024-11-24","c":108.59},{"d":"2024-12-01","c":96.87},{"d":"2024-12-08","c":94.66},{"d":"2024-12-15","c":93.43},{"d":"2024-12-22","c":97.84},{"d":"2024-12-29","c":105.18},{"d":"2025-01-05","c":92.54},{"d":"2025-01-12","c":94.46},{"d":"2025-01-19","c":95.69},{"d":"2025-01-26","c":97.94},{"d":"2025-02-02","c":104.68},{"d":"2025-02-09","c":98.18},{"d":"2025-02-16","c":97.03},{"d":"2025-02-23","c":100.38},{"d":"2025-03-02","c":103.5},{"d":"2025-03-09","c":106.57},{"d":"2025-03-16","c":107.7},{"d":"2025-03-23","c":99.09},{"d":"2025-03-30","c":85.94},{"d":"2025-04-06","c":85.76},{"d":"2025-04-13","c":87.76},{"d":"2025-04-20","c":86.66},{"d":"2025-04-27","c":89.03},{"d":"2025-05-04","c":98.27},{"d":"2025-05-11","c":109.87},{"d":"2025-05-18","c":100.95},{"d":"2025-05-25","c":103.25},{"d":"2025-06-01","c":107.83},{"d":"2025-06-08","c":107.63},{"d":"2025-06-15","c":103.05},{"d":"2025-06-22","c":102.85},{"d":"2025-06-29","c":111.11},{"d":"2025-07-06","c":104.89},{"d":"2025-07-13","c":120.08},{"d":"2025-07-20","c":125.01},{"d":"2025-07-27","c":116.99},{"d":"2025-08-03","c":115.55},{"d":"2025-08-10","c":114.4},{"d":"2025-08-17","c":137.16},{"d":"2025-08-24","c":126.5},{"d":"2025-08-31","c":125.21},{"d":"2025-09-07","c":114.8},{"d":"2025-09-14","c":115.55},{"d":"2025-09-21","c":119.78},{"d":"2025-09-28","c":124.96},{"d":"2025-10-05","c":133.03},{"d":"2025-10-12","c":128.65},{"d":"2025-10-19","c":124.61},{"d":"2025-10-26","c":131.43},{"d":"2025-11-02","c":151.01},{"d":"2025-11-09","c":154.99},{"d":"2025-11-16","c":147.57},{"d":"2025-11-23","c":152.55},{"d":"2025-11-30","c":159.13},{"d":"2025-12-07","c":170.53},{"d":"2025-12-14","c":173.12},{"d":"2025-12-21","c":170.03},{"d":"2025-12-28","c":177.95},{"d":"2026-01-04","c":182.43},{"d":"2026-01-11","c":183.98},{"d":"2026-01-18","c":178.65},{"d":"2026-01-25","c":190.9},{"d":"2026-02-01","c":164.06},{"d":"2026-02-08","c":153},{"d":"2026-02-15","c":159.03},{"d":"2026-02-22","c":161.82},{"d":"2026-03-01","c":156.39},{"d":"2026-03-08","c":158.58},{"d":"2026-03-15","c":155.39},{"d":"2026-03-22","c":175.16},{"d":"2026-03-29","c":185.72},{"d":"2026-04-05","c":197.5},{"d":"2026-04-12","c":191.55},{"d":"2026-04-19","c":190.8},{"d":"2026-04-26","c":189.45},{"d":"2026-05-03","c":194.75},{"d":"2026-05-10","c":190.9},{"d":"2026-05-17","c":194.6},{"d":"2026-05-24","c":180.05},{"d":"2026-05-31","c":173.4},{"d":"2026-06-07","c":166.1},{"d":"2026-06-14","c":182.75},{"d":"2026-06-21","c":172.5},{"d":"2026-06-28","c":187.2},{"d":"2026-07-05","c":175.35},{"d":"2026-07-12","c":177.4},{"d":"2026-07-19","c":173.55},{"d":"2026-07-26","c":176.35},{"d":"2026-07-31","c":174.55}],"problems":[],"fetchedUtc":"2026-08-01T07:33:20.195Z","pct":{"roe":55,"opMargin":5,"fwdPE":5,"fcfYield":15,"revGrowth":55,"ret12m":80},"fcfYieldTTM":0.003626929174983338,"fxNote":"Regnskab i EUR, handel i DKK — fair value omregnes."},"val":{"viable":true,"model":"dcf","fcf0":0.67,"fcf0Ccy":"EUR","anchor":"median af 3 kandidater: historisk median-FCF (3 år) = 1,0 mia. EUR; TTM-FCF = 620 mio. EUR; konsensus-nettoresultat i år × 0,59 (cash-konvertering, cyklikalitetsjusteret) = 666 mio. EUR","scenarios":{"bear":{"perShare":47.3,"tvShare":0.49,"g1":-0.03,"gT":0.02,"wacc":0.09,"fcfMult":0.73,"prob":0.3},"base":{"perShare":120.89,"tvShare":0.61,"g1":0.076,"gT":0.025,"wacc":0.08,"fcfMult":1,"prob":0.45},"bull":{"perShare":240.25,"tvShare":0.7,"g1":0.162,"gT":0.03,"wacc":0.073,"fcfMult":1.1,"prob":0.25}},"probs":{"bear":0.3,"base":0.45,"bull":0.25},"weighted":128.65,"upside":-0.263,"impliedG1":0.168,"sensitivity":{"waccLabels":["-2 pp","-1 pp","8,0 %","+1 pp","+2 pp"],"rows":[{"label":"399 mio. EUR","cells":[115,90,74,63,55]},{"label":"532 mio. EUR","cells":[153,119,97,83,72]},{"label":"666 mio. EUR","cells":[190,148,121,102,89]},{"label":"832 mio. EUR","cells":[237,184,150,127,110]},{"label":"998 mio. EUR","cells":[283,220,180,152,131]}]},"assumptions":["FCF-anker: 666 mio. EUR (median af 3 kandidater: historisk median-FCF (3 år) = 1,0 mia. EUR; TTM-FCF = 620 mio. EUR; konsensus-nettoresultat i år × 0,59 (cash-konvertering, cyklikalitetsjusteret) = 666 mio. EUR).","Krydstjek: konsensus-nettoresultat i år (1,1 mia. EUR) ligger klart over FCF-ankeret — modellen anker bevidst i historisk cash flow, ikke i estimaterne. Er estimaterne holdbare, er fair value for lav.","Startvækst (base) 7,6 %: blandning af konsensus (6,8 %), historisk 3-års CAGR (9,1 %) og universets median (7,6 %), fadet lineært til terminal over 10 år.","WACC (base) 8,0 %: 8 % + betajustering (beta 0.98).","Cyklikalitetsscore 0.46 (volatil omsætning, 1 tabsår) — scenarieviften er udvidet, og bear-scenariet får 26,5 % FCF-haircut."]},"verdict":{"label":"AFVENT","tone":"warn","body":"Kursen ligger 26,3 % over vægtet fair value — markedet indregner mere, end de normaliserede tal understøtter."},"nar":{"bull":["Omsætningsvækst 14,4 % — klart over universets median på 7,6 %.","Nettokontant balance (435 mio. EUR) giver strategisk handlefrihed."],"bear":["Forward P/E på 117.6 er høj relativt til universet.","Kursen ligger 26,3 % over modellens vægtede fair value."],"risks":["Modellens fair value afhænger af det normaliserede FCF-anker — se antagelserne.","Cyklisk vending kan ramme både indtjening og multipel samtidig.","Regnskab i EUR, handel i DKK — fair value omregnes."],"catalysts":["Næste regnskab: guidance vs. konsensusestimaterne i fakta-arket."],"oneLiner":"Vestas Wind Systems A/S: vægtet fair value 128.65 DKK mod kurs 174.55 DKK (-26,3 %).","source":"rules"},"engine":"v1"}