VWSB.HA Vestas Wind Systems A/S
- Market cap
- EUR 27.8B
- P/E
- 23.0x
- P/B
- 6.31x
- ROE
- 18.3%
- Dividend yield
- 0.27%
- Fundamental score
- 1.8/5
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Jun 2026.
Is VWSB.HA undervalued?
Graham numberVWSB.HA trades 154.1% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Vestas Wind Systems A/S fundamental analysis
10 of 22 checks passedROE 1/2
Moderate return on equity (18.3%), between 10% and 20%.
ROA 0/1
Return on assets (2.7%) is below the industry median (4.9%).
Profit Consistency 1/2
Profitable for 3 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 1/1
Last year's EPS growth (58.3%) is above the 5-year average (0.6% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (58.3%) is above the industry median (17.2%).
Revenue Growth 1/2
Revenue grew 9.1% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 0/2
Debt to equity cannot be calculated: debt is not reported or equity is negative.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 0/1
Debt is not reported.
Interest Coverage 1/1
No interest expense reported.
PE vs Market 0/1
PE (23.0x) is above the market median (19.6x).
PE vs Industry 0/1
PE (23.0x) is above the industry median (21.4x).
PBV 0/1
Price to book (6.3x) is above the industry median (2.6x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 145.3, limit 22.5).
PEG 0/1
PEG on 5-year earnings growth is 37.21, above 1.
Dividend Yield 0/2
Dividend yield (0.3%) is in the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 9.5%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Vestas Wind Systems A/S stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
Vestas Wind Systems A/S financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Vestas Wind Systems A/S annual financial statements (EUR; K = thousand, M = million, B = billion, T = trillion)
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 10.1B | 14.1B | 14.8B | 15.6B | 14.5B | 15.4B | 17.3B | 18.8B | 17.4B |
| Gross Profit | 1.63B | 1.61B | 1.54B | 1.56B | 118M | 1.28B | 2.06B | 2.50B | 2.54B |
| Operating Income | 944M | 813M | 750M | 428M | -1.15B | 36.0M | 739M | 1.07B | 1.14B |
| EBITDA | 1.39B | 1.50B | 1.66B | 1.30B | -545M | 1.13B | 1.76B | 2.24B | 1.14B |
| Net Income | 684M | 507M | 765M | 134M | -1.57B | 77.0M | 499M | 778M | 724M |
| EPS | 0.69 | 0.52 | 0.76 | 0.13 | -1.56 | 0.08 | 0.50 | 0.79 | 0.74 |
| Balance Sheet | |||||||||
| Total Assets | 11.9B | 14.3B | 18.2B | 19.6B | 20.1B | 22.5B | 24.6B | 25.7B | 26.7B |
| Total Liabilities | 8.80B | 11.0B | 13.5B | 15.0B | 17.0B | 19.5B | 21.1B | 21.9B | 22.8B |
| Shareholders' Equity | 3.09B | 3.29B | 4.65B | 4.68B | 3.04B | 3.03B | 3.53B | 3.87B | 3.96B |
| Cash & Short-term Investments | 2.89B | 2.86B | 3.04B | 2.39B | 2.35B | 3.29B | 3.79B | 4.37B | 3.45B |
| Cash Flow | |||||||||
| Operating Cash Flow | 1.02B | 714M | 743M | 956M | -195M | 1.03B | 2.33B | 2.29B | 260M |
| Capital Expenditure | 607M | 738M | 688M | 836M | 819M | 892M | 1.16B | 1.28B | 952M |
| Free Cash Flow | 414M | -24.0M | 55.0M | 120M | -1.01B | 135M | 1.18B | 1.01B | -692M |
| Ratios | |||||||||
| ROE | 22.1% | 15.4% | 16.4% | 2.9% | -51.6% | 2.5% | 14.1% | 20.1% | 18.3% |
| ROA | 5.7% | 3.5% | 4.2% | 0.7% | -7.8% | 0.3% | 2.0% | 3.0% | 2.7% |
| Net Profit Margin | 6.7% | 3.6% | 5.2% | 0.9% | -10.9% | 0.5% | 2.9% | 4.1% | 4.2% |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
Vestas Wind Systems A/S dividends
- Dividend yield
- 0.27%
- Forward dividend
- -
- Payout ratio
- 9.5%
- Ex-dividend date
- -
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | EUR 74.0M | 0.07 | 9.5% |
| 2024 | - | - | - |
| 2023 | - | - | - |
| 2022 | EUR 50.0M | 0.05 | - |
| 2021 | EUR 228M | 0.23 | 170.1% |
| 2020 | EUR 209M | 0.21 | 27.3% |
| 2019 | EUR 197M | 0.20 | 38.9% |
| 2018 | EUR 250M | 0.25 | 36.5% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 5:1 on Apr 27, 2021.
Who owns Vestas Wind Systems A/S
Ownership data of Vestas Wind Systems A/S is not available yet.
Vestas Wind Systems A/S company profile
- Company name
- Vestas Wind Systems A/S
- Ticker
- VWSB.HA
- ISIN
- DK0061539921
- Exchange
- Hanover Exchange
- Sector
- -
- Industry
- -
- Fiscal year end
- December
- Address
- Website
- -