Vestas Wind Systems A/S

CPSE:VWS Stock Report

Market Cap: DKK 163.1b

Vestas Wind Systems Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: VWS (DKK164.7) is trading below our estimate of future cash flow value (DKK219.19)

Significantly Below Future Cash Flow Value: VWS is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VWS. This is calculated by dividing VWS's market cap by their current earnings.
What is VWS's PE Ratio?
PE Ratio28.1x
Earnings€778.00m
Market Cap€21.84b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VWS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.1x
NKT NKT
26.5x18.11%DKK 44.1b
600406 NARI Technology
25.3x12.03%CN¥202.0b
A267260 HD Hyundai Electric
49x25.22%₩30.2t
FLS FLSmidth
23.4x16.79%DKK 32.0b
VWS Vestas Wind Systems
28.1x18.05%DKK 163.1b

Price-To-Earnings vs Peers: VWS is good value based on its Price-To-Earnings Ratio (28.1x) compared to the peer average (80.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VWS 28.1xIndustry Avg. 23.1xNo. of Companies11PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VWS is expensive based on its Price-To-Earnings Ratio (28.1x) compared to the European Electrical industry average (23.1x).

Price to Earnings Ratio vs Fair Ratio

What is VWS'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.

VWS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.1x
Fair PE Ratio31.6x

Price-To-Earnings vs Fair Ratio: VWS is good value based on its Price-To-Earnings Ratio (28.1x) compared to the estimated Fair Price-To-Earnings Ratio (31.6x).

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 VWS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 164.70
DKK 175.07
+6.30%
22.81%DKK 240.05DKK 80.02n/a24
Jan ’27DKK 173.40
DKK 159.02
-8.29%
21.66%DKK 210.00DKK 80.00n/a24
Dec ’26DKK 153.80
DKK 156.21
+1.57%
21.20%DKK 200.07DKK 70.03n/a24
Nov ’26DKK 131.95
DKK 142.17
+7.75%
24.39%DKK 195.93DKK 59.97n/a24
Oct ’26DKK 127.95
DKK 141.14
+10.31%
23.97%DKK 196.00DKK 60.07n/a24
Sep ’26DKK 126.25
DKK 139.94
+10.84%
24.56%DKK 196.01DKK 60.03n/a24
Aug ’26DKK 117.45
DKK 139.76
+19.00%
25.17%DKK 195.25DKK 60.04n/a25
Jul ’26DKK 95.50
DKK 137.79
+44.28%
26.32%DKK 199.97DKK 59.97n/a25
Jun ’26DKK 103.65
DKK 140.08
+35.15%
25.80%DKK 199.94DKK 59.94n/a25
May ’26DKK 87.08
DKK 144.90
+66.40%
25.60%DKK 220.18DKK 60.00n/a24
Apr ’26DKK 95.54
DKK 148.42
+55.35%
23.34%DKK 220.07DKK 75.01n/a24
Mar ’26DKK 101.40
DKK 148.48
+46.43%
23.28%DKK 219.96DKK 74.99n/a24
Feb ’26DKK 98.94
DKK 159.55
+61.26%
27.56%DKK 279.89DKK 80.02DKK 191.6524
Jan ’26DKK 98.08
DKK 163.65
+66.86%
28.21%DKK 279.96DKK 80.04DKK 173.4024
Dec ’25DKK 109.70
DKK 169.26
+54.29%
27.60%DKK 279.92DKK 80.03DKK 153.8024
Nov ’25DKK 132.65
DKK 197.25
+48.70%
22.68%DKK 280.00DKK 99.03DKK 131.9524
Oct ’25DKK 141.00
DKK 205.96
+46.07%
22.91%DKK 296.46DKK 99.02DKK 127.9524
Sep ’25DKK 154.90
DKK 210.68
+36.01%
22.63%DKK 299.92DKK 99.01DKK 126.2525
Aug ’25DKK 168.70
DKK 217.93
+29.18%
22.00%DKK 300.07DKK 99.02DKK 117.4525
Jul ’25DKK 162.10
DKK 220.60
+36.09%
21.70%DKK 299.83DKK 98.95DKK 95.5025
Jun ’25DKK 192.85
DKK 222.60
+15.43%
21.62%DKK 315.07DKK 99.02DKK 103.6525
May ’25DKK 186.85
DKK 222.80
+19.24%
21.30%DKK 315.04DKK 101.05DKK 87.0825
Apr ’25DKK 193.00
DKK 222.97
+15.53%
21.33%DKK 315.09DKK 101.01DKK 95.5425
Mar ’25DKK 197.52
DKK 218.37
+10.56%
22.95%DKK 314.93DKK 100.98DKK 101.4024
Feb ’25DKK 195.12
DKK 211.51
+8.40%
24.77%DKK 299.81DKK 100.93DKK 98.9423
DKK 175.07
Fair Value
5.9% undervalued intrinsic discount
24
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/06 00:03
End of Day Share Price 2026/02/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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 44 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
Flora Mericia TrindadeBanco BPI, S.A.
Virginia Sanz de Madrid GrossBanco Santander
Vladimir SergievskiiBarclays