$RKLB (-3.91%)
$9984 (-0.99%)
$CADLR (+9.25%)
$MTRS (-0.04%)
Edit: Sold both of them again.
Yesterday I bought from Rocket Lab $RKLB (-3.91%) and SoftBank $9984 (-0.99%) and took profits; with Rocket Lab, I even made over 1,000%, in order to further diversify my portfolio.
While the strategy remains the same—namely, investing in forward-looking individual stocks with significant upside potential and stable financials—Rocket Lab’s share of the portfolio keeps growing, so I decided to rebalance a bit.
Two new stocks from Scandinavia have been added.
1.) Cadeler
$CADLR (+9.25%)
Cadeler is a leading global Danish company specializing in the installation of offshore wind turbines. The offshore wind market is projected to grow to approximately $70–250 billion (depending on the estimate). Cadeler is ideally positioned to benefit from this trend. It maintains long-term customer relationships with companies such as Ørsted, Equinor, and Siemens Gamesa. The barrier to entry is generally considered high (moat).
Revenue (2025e): approx. 500 million euros (of which 10–20% is typically recurring)
Profit (2025e): approx. €150 million
Order Backlog (current): approx. €2.5 billion
Market capitalization (current): €1.6 billion
P/E ratio (current): approx. 17
P/E ratio for 2029 (forecast): approx. 3–4
Cadeler is benefiting from the global trend toward decarbonization as well as political initiatives in this area, and many countries are just getting started. My AI analysis of the company has shown that in 2035, we’ll likely see profits of around 1.4 billion euros , which, given a P/E ratio of 18.6 (Danish average) would result in a market capitalization of approximately €26 billion . Using a more conservative P/E ratio of 12 , it would be around 17 billion euros. In the first scenario, an investment would therefore amount to approximately 16x and in the second scenario 11x . Thus, the company fits well into my investment strategy and high potential with comparatively low risk.
2.) Munters Group $MTRS (-0.04%) (Edit: since sold)
The Munters Group is a Swedish company that specializes in air treatment and drying solutions, particularly for air conditioning, dehumidification, and industrial ventilation—with a focus on data centers, pharmaceuticals, food processing, and industrial facilities. The data center business, in particular, is currently booming. The battery factory business has recently faced some challenges due to weak demand, which is also reflected in the stock price, but this is only a short-term issue.
The company is a technological leader in the fields of dehumidification and energy recovery. It is also ahead of the competition when it comes to sustainability. In addition, it consistently relies on a highly localized production structure, which largely shields it from trade policy risks. Competitors such as Daikin Industries $6367 (-1.32%) or Carrier $CARR (-3.78%) have a broader portfolio and are less specialized, which is why they do not pose a significant threat either. It is also difficult for customers to switch providers.
Revenue (2025e): approx. €1.3 billion (of which 20–30% is typically recurring)
Profit (2025e): approx. €60 million
Order Backlog (current):
Market capitalization (current): €2.2 billion
P/E ratio (current): approx. 31
P/E ratio for 2029 (forecast): approx. 10–11
The Munters Group is benefiting from several trends, such as the data center boom, electrification, and sustainability. This development is still in its very early stages. My AI analysis has shown that profit in 2035 will amount to approximately €300 million . Assuming the P/E ratio remains constant, that would result in a valuation of 9.3 billion euros . Assuming a lower P/E ratio of around 20 , the valuation would be €6 billion. In the first scenario, therefore, 4x and in the second 2.7x. The Munters Group thus represents a rather conservative addition in my growth-oriented portfolio. They’ll definitely perform well, but to achieve the really high multiples, you’ll need other stocks.
What do you think of these two new additions? I especially like that they’re two European companies 🇪🇺🇪🇺
