(VIK) Viking Holdings - Ratings and Ratios

Exchange: NYSE • Country: Bermuda • Currency: USD • Type: Common Stock • ISIN: BMG93A5A1010

River Cruises, Ocean Cruises, Expedition Ships, Tour Services

Hotels, Resorts & Cruise Lines
Market Cap in USD: 32,406m

IPO / Inception: 2024-05-01
12m vs SPY: 38.1%

EPS (Earnings per Share)

EPS CAGR: -23.69%
EPS Trend: 10.7%

Last SUE: -1.72
Qual. Beats: 0

Revenue

Rev. CAGR: 34.72%
Rev. Trend: 55.3%

Last SUE: 0.37
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	30.6%
Value at Risk 5%th	50.4%
Relative Tail Risk	0.14%

Reward TTM
Sharpe Ratio	1.38
Alpha	42.00
CAGR/Max DD	2.34

Character TTM
Hurst Exponent	0.346
Beta	1.497
Beta Downside	1.522

Drawdowns 3y
Max DD	35.39%
Mean DD	6.38%
Median DD	3.66%

Description: VIK Viking Holdings December 17, 2025

Viking Holdings Ltd (NYSE:VIK) operates passenger shipping and tourism services across North America, the United Kingdom, and international routes, segmented into River and Ocean businesses. The fleet includes 96 vessels-83 river ships (58 Longships, 10 smaller Longship-based vessels, 13 other river ships, plus two chartered river vessels), 11 ocean ships, and 2 expedition ships. Founded in 1997 and domiciled in Bermuda, the company also runs tour-related activities for its passengers.

Key performance indicators from the FY 2023 filing show revenue of roughly $1.5 billion, an adjusted EBITDA margin near 13 %, and a cash-flow conversion rate of 85 %, reflecting strong operating efficiency. Passenger demand is closely tied to discretionary spending trends and U.S. consumer confidence, while fuel price volatility remains a material cost driver for both river and ocean segments. The cruise and river-tour market has been benefitting from a post-pandemic rebound, with average daily rates (ADR) on river cruises rising about 7 % YoY, supported by higher-margin premium itineraries.

For a deeper dive into VIK’s valuation metrics, you might explore the ValueRay platform.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (951.3m TTM) > 0 and > 6% of Revenue (6% = 367.6m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA -6.63pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -36.85% (prev -44.66%; Δ 7.81pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.18 (>3.0%) and CFO 2.09b > Net Income 951.3m (YES >=105%, WARN >=100%)

Net Debt (2.61b) to EBITDA (1.61b) ratio: 1.62 <= 3.0 (WARN <= 3.5)

Current Ratio 0.63 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (443.4m) change vs 12m ago 1.81% (target <= -2.0% for YES)

Gross Margin 38.45% (prev 36.51%; Δ 1.94pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 58.15% (prev 53.45%; Δ 4.70pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.66 (EBITDA TTM 1.61b / Interest Expense TTM 364.0m) >= 6 (WARN >= 3)

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 (Balance) -4.44b / Total Assets 11.52b

(D) -0.41 = Book Value of Equity -4.38b / Total Liabilities 10.72b

Total Rating: -2.12 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 72.13

1. Piotroski 5.50pt

2. FCF Yield 1.92%

3. FCF Margin 11.00%

4. Debt/Equity 7.05

5. Debt/Ebitda 1.62

6. ROIC - WACC (= 13.55)%

7. RoE 650.1%

8. Rev. Trend 55.29%

9. EPS Trend 10.70%

What is the price of VIK shares?

As of January 13, 2026, the stock is trading at USD 71.95 with a total of 1,604,064 shares traded.
Over the past week, the price has changed by -0.66%, over one month by +2.67%, over three months by +21.33% and over the past year by +66.78%.

Is VIK a buy, sell or hold?

Viking Holdings has received a consensus analysts rating of 4.22. Therefore, it is recommended to buy VIK.

Strong Buy: 9
Buy: 4
Hold: 5
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the VIK price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	72.5	0.8%
Analysts Target Price	72.5	0.8%
ValueRay Target Price	95	32%

VIK Fundamental Data Overview January 10, 2026

P/E Trailing = 34.1355
P/E Forward = 22.3214
P/S = 5.2892
P/B = 40.4859
Beta = None
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 = 35.01b USD (32.41b + Debt 5.65b - CCE 3.04b)
Interest Coverage Ratio = 3.66 (Ebit TTM 1.33b / Interest Expense TTM 364.0m)
EV/FCF = 51.97x (Enterprise Value 35.01b / FCF TTM 673.7m)
FCF Yield = 1.92% (FCF TTM 673.7m / Enterprise Value 35.01b)
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 = 3.04 (Enterprise Value 35.01b / 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 = 10.01% (E(32.41b)/V(38.05b) * Re(11.43%) + D(5.65b)/V(38.05b) * Rd(1.89%) * (1-Tc(0.01)))
Discount Rate = 11.43% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.38%
[DCF Debug] Terminal Value 75.01% ; FCFF base≈880.7m ; Y1≈1.09b ; Y5≈1.85b
Fair Price DCF = 61.87 (EV 22.15b - Net Debt 2.61b = Equity 19.54b / Shares 315.8m; r=10.01% [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=-0.002 | Revisions Net=-2 | Analysts=8
EPS next Year (2026-12-31): EPS=3.29 | Chg30d=+0.012 | Revisions Net=+8 | Growth EPS=+32.0% | Growth Revenue=+14.4%

Additional Sources for VIK Stock

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