What is Orsted A/S / ADR (DNNGY)'s fair-value range?

EvidInvest reads Orsted A/S / ADR (DNNGY)'s market price back into the assumptions behind it — the implied P/E, growth rate and cash yield — using its latest filed financials, then lets you set your own. See the full DCF, Graham number, EPV and multiple-based methods at https://evidinvest.com/valuation/DNNGY.

How is Orsted A/S / ADR (DNNGY)'s fair value calculated?

Orsted A/S / ADR (DNNGY)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples such as PE and EV/EBITDA — using data from SEC filings. P/B is optional for non-financial companies and included in the preset range for financial sectors.

Which filing are Orsted A/S / ADR (DNNGY)'s valuation inputs based on?

Inputs come from the FY2025 20-F. Source: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1679771&type=20-F&dateb=&owner=include&count=10

Fair value · Orsted A/S / ADR (DNNGY) · updated 2026-10-29 · from 20-F FY2025

Orsted A/S / ADR trades at $7.27. We are not reading assumptions out of that price: this is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Name: Orsted A/S / ADR (DNNGY) valuation inputs and fair-value methods
Creator: EvidInvest
License: https://evidinvest.com/subscription-terms

Everything below is unaffected: the filed statements, the filing they came from, and DNNGY’s growth history are all as reported.

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Inputs come from the FY2025 20-F; set your own on the sliders below. Research, not investment advice.

The filing behind these numbers

Orsted A/S / ADR

Revenue: DKK 63.6B
Diluted EPS: DKK 0.62
Free cash flow: DKK -30.5B; operating cash flow − capital expenditure
Diluted shares: 2.66B; weighted average

20-F FY2025 · fiscal year ended 2025-12-31 · filed 2025-12-31

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q2 FY2026 (filed 2026-06-30).

Open the 20-F list on sec.govCIK 1679771

Valuation tool: build your own DNNGY range

Fair Value Summary

Daily Price — DNNGY

$8.17 +28.7% (1Y)

Your range0 of 7 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what DNNGY is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has DNNGY’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

Not solvable from the price — This is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what DNNGY has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth5.0%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%60.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth2.5%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)5.44%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $-45,225M · PV terminal $-142,009M · EV $-187,234M · equity $-195,058M

Year	Stage	FCF	Present value
1	Stage 1	$-5,031M	$-4,771M
2	Stage 1	$-5,282M	$-4,751M
3	Stage 1	$-5,546M	$-4,731M
4	Stage 1	$-5,823M	$-4,712M
5	Stage 1	$-6,115M	$-4,692M
6	Stage 2	$-6,268M	$-4,561M
7	Stage 2	$-6,424M	$-4,434M
8	Stage 2	$-6,585M	$-4,310M
9	Stage 2	$-6,749M	$-4,190M
10	Stage 2	$-6,918M	$-4,073M

Inputs from the filing

Statements filed in DKK, converted to USD at the 2025-12-31 period-end rate (6.3565 DKK per USD; ECB reference rates).

Free cash flow: $-3.8B; sum of the last four quarters
EBIT: $-259.6M; latest annual
Shares: 3.96B
Total debt: $17.0B
Cash: $9.1B
Net debt: $7.8B; debt − cash

20-F FY2025 · period ended 2025-12-31 · filed 2025-12-31 · sec.gov

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Orsted A/S / ADR trades at $7.27. We are not reading assumptions out of that price: this is a depositary receipt and we cannot show whether its per-share figures are stated per ADS or per ordinary share, so these methods are withheld rather than shown at a scale we cannot verify.

The filing behind these numbers

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Year by year (two-stage model, $M)

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Valuation tool: build your own DNNGY range

Daily Price — DNNGY

Your range0 of 7 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on DNNGY

Compare with peers

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