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Fiscal Period: December
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2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Capitalization1 |
11 684 | 13 008 | 17 585 | 38 825 | 26 978 | 22 707 | - | - |
Enterprise Value (EV)2 |
8 521 | 9 668 | 15 344 | 36 905 | 25 778 | 22 278 | 21 746 | 21 283 |
P/E ratio |
13,7x | 19,4x | 25,4x | 49,7x | 158x | -28,2x | 46,9x | 26,8x |
Yield |
2,16% | 1,52% | 1,18% | 0,59% | 0,19% | 0,08% | 0,61% | 1,31% |
Capitalization / Revenue |
1,17x | 1,28x | 1,45x | 2,62x | 1,73x | 1,49x | 1,38x | 1,30x |
EV / Revenue |
0,86x | 0,95x | 1,26x | 2,49x | 1,65x | 1,46x | 1,32x | 1,22x |
EV / EBITDA |
5,16x | 6,94x | 9,90x | 26,5x | 18,7x | 33,6x | 13,0x | 9,87x |
Price to Book |
3,91x | 4,27x | 5,34x | 8,34x | 5,71x | 5,84x | 5,05x | 4,48x |
Nbr of stocks (in thousands) |
1 016 490 | 987 776 | 976 713 | 1 004 375 | 1 004 401 | 1 005 144 | - | - |
Reference price (EUR) |
11,5 | 13,2 | 18,0 | 38,7 | 26,9 | 22,6 | 22,6 | 22,6 |
Announcement Date |
02/07/2018 | 02/07/2019 | 02/05/2020 | 02/10/2021 | 02/10/2022 | - | - | - |
1 DKK in Million 2 EUR in Million |
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Income Statement Evolution (Annual data) |
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Fiscal Period: December
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2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net sales1 |
9 953 | 10 134 | 12 147 | 14 819 | 15 587 | 15 265 | 16 455 | 17 461 |
EBITDA1 |
1 651 | 1 394 | 1 550 | 1 391 | 1 382 | 663 | 1 672 | 2 156 |
Operating profit (EBIT)1 |
1 230 | 959 | 1 004 | 750 | 461 | -211 | 702 | 1 210 |
Operating Margin |
12,4% | 9,46% | 8,27% | 5,06% | 2,96% | -1,38% | 4,27% | 6,93% |
Pre-Tax Profit (EBT)1 |
1 192 | 910 | 909 | 934 | 257 | -998 | 587 | 1 073 |
Net income1 |
894 | 684 | 704 | 765 | 167 | -808 | 469 | 850 |
Net margin |
8,98% | 6,75% | 5,80% | 5,16% | 1,07% | -5,30% | 2,85% | 4,87% |
EPS2 |
0,84 | 0,68 | 0,71 | 0,78 | 0,17 | -0,80 | 0,48 | 0,84 |
Dividend per Share2 |
0,25 | 0,20 | 0,21 | 0,23 | 0,05 | 0,02 | 0,14 | 0,30 |
Announcement Date |
02/07/2018 | 02/07/2019 | 02/05/2020 | 02/10/2021 | 02/10/2022 | - | - | - |
1 EUR in Million 2 EUR |
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Income Statement Evolution (Quarterly data) |
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Fiscal Period: December
|
2019 S1 |
2019 Q4 |
2019 S2 |
2020 Q1 |
2020 Q2 |
2020 S1 |
2020 Q3 |
2020 Q4 |
2021 Q1 |
2021 Q2 |
2021 S1 |
2021 Q3 |
2021 Q4 |
2022 Q1 |
2022 Q2 |
2022 Q3 |
2022 Q4 |
2023 Q1 |
2023 Q2 |
Net sales1 |
3 851 | 4 650 | 8 296 | 2 235 | 3 541 | 5 776 | 4 770 | 4 273 | 1 962 | 3 536 | 5 498 | 5 538 | 4 551 | 2 485 | 3 373 | 4 665 | 4 656 | 3 107 | 4 249 |
EBITDA1 |
- | 561 | - | 97,0 | 188 | - | 575 | 531 | 136 | 321 | - | 567 | 358 | -585 | 132 | 307 | 483 | 196 | 460 |
Operating profit (EBIT)1 |
171 | 404 | - | -54,0 | 34,0 | - | 412 | 358 | -71,0 | 101 | 30,0 | 325 | 106 | -329 | -118 | 35,3 | 96,9 | -5,88 | 252 |
Operating Margin |
4,44% | 8,69% | - | -2,42% | 0,96% | - | 8,64% | 8,38% | -3,62% | 2,86% | 0,55% | 5,87% | 2,33% | -13,2% | -3,50% | 0,76% | 2,08% | -0,19% | 5,94% |
Pre-Tax Profit (EBT)1 |
153 | 366 | - | -107 | -7,00 | - | 391 | 657 | -77,0 | 122 | - | 170 | 42,0 | -889 | -46,2 | -29,2 | 8,36 | -12,2 | 246 |
Net income1 |
115 | 283 | - | -75,0 | -7,00 | -82,0 | 284 | 563 | -61,0 | 89,0 | 28,0 | 122 | 17,0 | -765 | -68,2 | 18,5 | 65,4 | -9,09 | 183 |
Net margin |
2,99% | 6,09% | - | -3,36% | -0,20% | -1,42% | 5,95% | 13,2% | -3,11% | 2,52% | 0,51% | 2,20% | 0,37% | -30,8% | -2,02% | 0,40% | 1,41% | -0,29% | 4,31% |
EPS2 |
0,12 | 0,29 | - | -0,08 | -0,01 | -0,08 | 0,29 | 0,57 | -0,06 | 0,09 | 0,03 | 0,12 | 0,02 | -0,76 | -0,07 | 0,02 | 0,07 | -0,01 | 0,18 |
Dividend per Share |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Announcement Date |
08/15/2019 | 02/05/2020 | 02/05/2020 | 05/05/2020 | 08/11/2020 | 08/11/2020 | 11/04/2020 | 02/10/2021 | 05/05/2021 | 08/11/2021 | 08/11/2021 | 11/03/2021 | 02/10/2022 | 05/01/2022 | - | - | - | - | - |
1 EUR in Million 2 EUR |
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Fiscal Period: December
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2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Debt1 |
- | - | - | - | - | - | - | - |
Net Cash position1 |
3 163 | 3 340 | 2 241 | 1 920 | 1 200 | 429 | 960 | 1 424 |
Leverage (Debt / EBITDA) |
-1,92x | -2,40x | -1,45x | -1,38x | -0,87x | -0,65x | -0,57x | -0,66x |
Free Cash Flow1 |
1 218 | 414 | 372 | 364 | 57,0 | -538 | 711 | 1 021 |
ROE (Net Profit / Equities) |
28,4% | 22,1% | 22,1% | 21,4% | 3,60% | -12,5% | 10,5% | 18,2% |
Shareholders' equity1 |
3 151 | 3 102 | 3 192 | 3 575 | 4 639 | 6 476 | 4 477 | 4 680 |
ROA (Net Profit / Asset) |
8,60% | 6,01% | 6,28% | 4,71% | 0,88% | -4,12% | 2,08% | 3,83% |
Assets1 |
10 401 | 11 385 | 11 219 | 16 245 | 18 936 | 19 615 | 22 558 | 22 188 |
Book Value Per Share2 |
2,94 | 3,08 | 3,37 | 4,63 | 4,70 | 3,87 | 4,48 | 5,04 |
Cash Flow per Share2 |
1,53 | 1,01 | 0,83 | 0,76 | 0,99 | 0,29 | 1,35 | 1,68 |
Capex1 |
491 | 607 | 776 | 688 | 876 | 976 | 977 | 997 |
Capex / Sales |
4,93% | 5,99% | 6,39% | 4,64% | 5,62% | 6,39% | 5,94% | 5,71% |
Announcement Date |
02/07/2018 | 02/07/2019 | 02/05/2020 | 02/10/2021 | 02/10/2022 | - | - | - |
1 EUR in Million 2 EUR |
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Wind turbine makers struggle to find pricing power |
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VESTAS WIND SYSTEMS Carried by the wind |
Capitalization (DKK) |
168 924 517 446 |
Capitalization (USD) |
24 325 951 756 |
Net sales (EUR) |
15 587 000 000 |
Net sales (USD) |
16 699 164 345 |
Number of employees |
29 274 |
Sales / Employee (EUR) |
532 452 |
Sales / Employee (USD) |
570 444 |
Free-Float |
99,5% |
Free-Float capitalization (DKK) |
168 074 201 070 |
Free-Float capitalization (USD) |
24 203 502 064 |
Avg. Exchange 20 sessions (EUR) |
593 165 106 |
Avg. Exchange 20 sessions (USD) |
635 488 650 |
Average Daily Capital Traded |
0,35% |
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
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