(VIK) Viking Holdings - Overview
Stock: River Vessels, Ocean Ships, Expedition Ships, Tourism Services
| Risk 5d forecast | |
|---|---|
| Volatility | 35.2% |
| Relative Tail Risk | -1.69% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.99 |
| Alpha | 25.96 |
| Character TTM | |
|---|---|
| Beta | 1.535 |
| Beta Downside | 1.533 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.39% |
| CAGR/Max DD | 2.30 |
EPS (Earnings per Share)
Revenue
Description: VIK Viking Holdings February 11, 2026
Viking Holdings Ltd (NYSE:VIK) operates passenger-transport and tourism services across North America, the United Kingdom, and other international markets through two primary segments: River (cruises on inland waterways) and Ocean (sea-based itineraries). The firm also runs ancillary tour-operator activities. As of 31 Dec 2023 the fleet comprised 96 vessels: 83 river ships (including 58 “Longships” and 10 smaller Longship-derived vessels), 11 ocean-cruise ships, and 2 expedition vessels, with two additional river ships under charter (Viking Saigon and Viking Mississippi). The company was founded in 1997 and is incorporated in Bermuda.
In its most recent fiscal year (2023), Viking reported total revenue of $2.1 billion, up 9 % YoY, driven primarily by a 12 % increase in passenger capacity utilization (average occupancy rose to 88 % from 79 % in 2022). Adjusted EBITDA margin improved to 18 % versus 14 % the prior year, reflecting higher ancillary spend per passenger and tighter cost control on fuel hedging. The river segment contributed roughly 55 % of revenue, while ocean and expedition cruises accounted for the remaining 45 %.
Key macro-economic and sector drivers that will influence Viking’s near-term outlook include: (1) U.S. consumer confidence and discretionary-spending trends, which have been trending upward (Consumer Confidence Index +4 points YoY, Q4 2023) and historically correlate with cruise demand; (2) volatile bunker fuel prices-average marine fuel cost fell 7 % in Q4 2023 after a six-month rally, improving operating leverage; and (3) regulatory pressure on emissions, prompting the company’s ongoing investment in LNG-compatible and hybrid propulsion systems, which could affect capital expenditures but also position Viking favorably under tightening environmental standards.
For a deeper, data-driven assessment of Viking’s valuation metrics and scenario analysis, you may find the free research tools on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 951.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -6.63 > 1.0 |
| NWC/Revenue: -36.85% < 20% (prev -44.66%; Δ 7.81% < -1%) |
| CFO/TA 0.18 > 3% & CFO 2.09b > Net Income 951.3m |
| Net Debt (2.61b) to EBITDA (1.61b): 1.62 < 3 |
| Current Ratio: 0.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (443.4m) vs 12m ago 1.81% < -2% |
| Gross Margin: 38.45% > 18% (prev 0.37%; Δ 3808 % > 0.5%) |
| Asset Turnover: 58.15% > 50% (prev 53.45%; Δ 4.70% > 0%) |
| Interest Coverage Ratio: 3.66 > 6 (EBITDA TTM 1.61b / Interest Expense TTM 364.0m) |
Altman Z'' -2.12
| A: -0.20 (Total Current Assets 3.85b - Total Current Liabilities 6.11b) / Total Assets 11.52b |
| B: -0.39 (Retained Earnings -4.44b / Total Assets 11.52b) |
| C: 0.13 (EBIT TTM 1.33b / Avg Total Assets 10.54b) |
| D: -0.41 (Book Value of Equity -4.38b / Total Liabilities 10.72b) |
| Altman-Z'' Score: -2.12 = D |
Beneish M -3.55
| DSRI: 0.45 (Receivables 130.2m/240.6m, Revenue 6.13b/5.10b) |
| GMI: 0.95 (GM 38.45% / 36.51%) |
| AQI: 0.88 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 1.20 (Revenue 6.13b / 5.10b) |
| TATA: -0.10 (NI 951.3m - CFO 2.09b) / TA 11.52b) |
| Beneish M-Score: -3.55 (Cap -4..+1) = AAA |
What is the price of VIK shares?
Over the past week, the price has changed by -2.30%, over one month by +5.13%, over three months by +26.38% and over the past year by +43.66%.
Is VIK a buy, sell or hold?
- StrongBuy: 9
- Buy: 4
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the VIK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 73.6 | -2.2% |
| Analysts Target Price | 73.6 | -2.2% |
| ValueRay Target Price | 97.6 | 29.8% |
VIK Fundamental Data Overview February 12, 2026
P/E Forward = 23.753
P/S = 5.6244
P/B = 43.052
Revenue TTM = 6.13b USD
EBIT TTM = 1.33b USD
EBITDA TTM = 1.61b USD
Long Term Debt = 4.34b USD (from longTermDebt, last quarter)
Short Term Debt = 1.09b USD (from shortTermDebt, last quarter)
Debt = 5.65b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.61b USD (from netDebt column, last quarter)
Enterprise Value = 37.07b USD (34.46b + Debt 5.65b - CCE 3.04b)
Interest Coverage Ratio = 3.66 (Ebit TTM 1.33b / Interest Expense TTM 364.0m)
EV/FCF = 55.02x (Enterprise Value 37.07b / FCF TTM 673.7m)
FCF Yield = 1.82% (FCF TTM 673.7m / Enterprise Value 37.07b)
FCF Margin = 11.00% (FCF TTM 673.7m / Revenue TTM 6.13b)
Net Margin = 15.53% (Net Income TTM 951.3m / Revenue TTM 6.13b)
Gross Margin = 38.45% ((Revenue TTM 6.13b - Cost of Revenue TTM 3.77b) / Revenue TTM)
Gross Margin QoQ = 43.60% (prev 42.22%)
Tobins Q-Ratio = 3.22 (Enterprise Value 37.07b / Total Assets 11.52b)
Interest Expense / Debt = 1.89% (Interest Expense 107.0m / Debt 5.65b)
Taxrate = 1.33% (6.91m / 520.9m)
NOPAT = 1.32b (EBIT 1.33b * (1 - 1.33%))
Current Ratio = 0.63 (Total Current Assets 3.85b / Total Current Liabilities 6.11b)
Debt / Equity = 7.05 (Debt 5.65b / totalStockholderEquity, last quarter 800.4m)
Debt / EBITDA = 1.62 (Net Debt 2.61b / EBITDA 1.61b)
Debt / FCF = 3.87 (Net Debt 2.61b / FCF TTM 673.7m)
Total Stockholder Equity = 146.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.03% (Net Income 951.3m / Total Assets 11.52b)
RoE = 650.1% (Net Income TTM 951.3m / Total Stockholder Equity 146.3m)
RoCE = 29.71% (EBIT 1.33b / Capital Employed (Equity 146.3m + L.T.Debt 4.34b))
RoIC = 23.56% (NOPAT 1.32b / Invested Capital 5.58b)
WACC = 10.20% (E(34.46b)/V(40.11b) * Re(11.57%) + D(5.65b)/V(40.11b) * Rd(1.89%) * (1-Tc(0.01)))
Discount Rate = 11.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.38%
[DCF Debug] Terminal Value 74.44% ; FCFF base≈880.7m ; Y1≈1.09b ; Y5≈1.85b
Fair Price DCF = 59.94 (EV 21.54b - Net Debt 2.61b = Equity 18.93b / Shares 315.8m; r=10.20% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 10.70 | EPS CAGR: -23.69% | SUE: -1.72 | # QB: 0
Revenue Correlation: 55.29 | Revenue CAGR: 34.72% | SUE: 0.37 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.12 | Chg30d=+0.003 | Revisions Net=+0 | Analysts=9
EPS next Year (2026-12-31): EPS=3.31 | Chg30d=+0.020 | Revisions Net=+4 | Growth EPS=+32.5% | Growth Revenue=+14.4%