Stock Analysis
Viking Holdings LtdVIK
P/E 32.47×· 2Y range 26.39–250.13×· bottom 24% of history
Sector: Consumer Cyclical · Industry: Travel Services
AnalystsStrong Buy26 analystsP/E 32.5× sits at the 24th percentile of its 2.458590006844627-year history.
Cash covers 65% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, cheap valuation
Strengths
- Profitability90
- Quality72
Risks
- Growth45
Mixed business trading cheap — priced for skepticism.
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
- ✓ROE 69.4% — efficient capital deployment
- ✓Revenue CAGR 79.6% — durable top-line growth
- ✓P/E 32.5× at bottom 24% of 2-year history
What's happening with VIK
Profile
Strong profitability; growth and valuation lag behind.
How is each axis scored?
- Valuation49/100 · Weak
- P/E vs own history (24th pct)20/25
- FCF yield (3.2%)12/25
- P/S (5.6x)12/25
- EV/EBIT (25.6x)5/25
- Growth45/100 · Weak
- Revenue CAGR (79.6%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (22.4%)20/25
- Profitability90/100 · Strong
- ROIC (30.8%)25/25
- ROE (69.4%)25/25
- Net margin (17.7%)20/25
- Operating margin (23.1%)20/25
- Financial Health54/100 · Moderate
- Altman Z (2.16)18/25
- Current ratio (0.81)6/25
- Interest coverage (5.1x)18/25
- Net cash / debt (D/A 16%)12/25
- Quality72/100 · Moderate
- Piotroski F (7/9)22/25
- Beneish M (-2.93)25/25
- FCF conversion (101%)25/25
- Margin stability (σ 54.8%)0/25
- Moat51/100 · Moderate
- ROIC >12% years (3/4 yrs)20/25
- Median gross margin (40.8%)13/25
- FCF-positive years (4/5 yrs)18/25
- Worst-year net margin (worst -186.4%)0/25
Risk Flags
- ⚠2 loss-making years in recent history
About Viking Holdings Ltd
Viking Holdings Ltd is a travel company, with a fleet of 92 small ships, which view as floating hotels. Show more
It offers travel experiences on all seven continents in all three categories of the cruise industry river, ocean, and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment offers ocean cruises to English-speaking passengers. Other include operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers (Expedition), Mississippi River cruises for English-speaking passengers, and Viking China, which includes cruises for Mandarin.
Employees: 13,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
49D+P/E (TTM)31.6xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 2Y history: 26.4x–250.1x · 24th pct
P/FCF25.0xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 56% of operating cash flow, weighing on reported FCF
FCF Yield3.2%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 2Y history: 2.4%–10.1% · 15th pct · Elevated investment — CapEx = 56% of operating cash flow, weighing on reported FCF
P/S (TTM)5.58xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 2Y history: 2.5x–7.4x · 83rd pct
EV/EBIT25.6xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 2Y history: 15.9x–33.7x · 65th pct
EV/Sales5.7xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E25.8xC
Grade C: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio21.97xD
Grade D: Very expensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.45A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 56% of operating cash flow, weighing on reported FCF
Profitability
90A+ROIC30.8%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE69.4%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA10.6%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin17.7%A
Grade A: HighNet Income / Revenue
Operating Margin23.1%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin44.5%C
Grade C: AverageGross Profit / Revenue
FCF Margin17.7%A
Grade A: HighFCF / Revenue · Elevated investment — CapEx = 56% of operating cash flow, weighing on reported FCF
True FCF Margin16.4%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 56% of operating cash flow, weighing on reported FCF
Growth
45D+Revenue CAGR79.6%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth22.4%C
Grade C: MedAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income7.8%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue1.4%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
54CAltman Z-Score2.16C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.81xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.78xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage5.1xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment1.9yA
Grade A: FastYears to repay net debt via FCF · Elevated investment — CapEx = 56% of operating cash flow, weighing on reported FCF
Net Debt/EBIT1.5xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity3.75xD
Grade D: HighDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.65xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
72B+Piotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.93A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion100.5%A
Grade A: StrongFCF / Net Income · Elevated investment — CapEx = 56% of operating cash flow, weighing on reported FCF
Margin Stability54.8%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue22.8%D
Grade D: HeavyTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.55xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Hugh Milton Filed | Hugh Milton | SellOpen market sale | -2591 | |
Hugh Milton Filed | Hugh Milton | SellOpen market sale | -6509 | |
Hugh Milton Filed | Hugh Milton | SellOpen market sale | -10900 | |
Marnell Richard Filed | Marnell Richard | SellOpen market sale | -14 | |
Marnell Richard Filed | Marnell Richard | SellOpen market sale | -145 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Marnell Richard Filed | Marnell Richard | SellOpen market sale | -100 | |
Marnell Richard Filed | Marnell Richard | SellOpen market sale | -1820 | |
Marnell Richard Filed | Marnell Richard | SellOpen market sale | -4200 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
51CROIC >12% Years3/4 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)40.8%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years4/5 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-186.4%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.57
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$8.86
Cash & short-term investments per share (Finnhub)
Book Value / Share$3.70
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$6.19B
Total debt obligations (short + long term)
Cash & Equiv.$4.00B
Cash and short-term investments
Net Debt$2.20B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$1.65B
Shareholders' equity (book value)
Asset / Liability1.14xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$36.31B
Current Market Capitalization
Beta1.07B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Dec 2025 · Ratio snapshot Oct 17, 2026
Key Insights: Viking Holdings Ltd (VIK)
VIK is down 0.67% at the last close. Viking Holdings Ltd meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 2.16 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Beneish M-Score of -2.93 suggests a low likelihood of earnings manipulation. Revenue has compounded at roughly 80% annually — a strong growth profile.
- Viking Holdings Ltd converts about 18% of revenue into free cash flow — strong cash generation.
- Takes ~1.9 years to repay net debt from free cash flow.
- Viking Holdings Ltd posted a net loss in 2 of 5 available completed fiscal years (2021–2025).
- Return on equity of 69.4% is well above the market average.
See how VIK ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all VIK moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 2 | After-hours | 81.18 | +3.81% | 2.21 |
| Sep 22 | Regular | 82.01 | -4.69% | -2.83 |
| Sep 22 | After-hours | 81.79 | -4.95% | -3.00 |
Frequently Asked Questions about VIK
What is the current Viking Holdings Ltd (VIK) stock price?
VIK is trading at $83.42 at the last market close, down 0.67% on the session. PreMarketPrice tracks VIK pre-market, intraday and after-hours prices.
Is VIK stock a buy right now?
PreMarketPrice's quantitative model rates Viking Holdings Ltd's financial health at 54/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is VIK stock overvalued?
Viking Holdings Ltd trades at a trailing P/E of 31.6 and our valuation score rates it 49/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Viking Holdings Ltd report earnings?
No confirmed earnings date is currently scheduled for VIK. The Earnings section lists recent reports and updates as dates are announced.
What sector does Viking Holdings Ltd operate in?
Viking Holdings Ltd operates in the Consumer Cyclical sector, within the Travel Services industry. The Related Stocks section lists sector peers for comparison.
What does Viking Holdings Ltd do?
Viking Holdings Ltd is a travel company, with a fleet of 92 small ships, which view as floating hotels.
About Viking Holdings Ltd (VIK) Stock
Viking Holdings Ltd (VIK) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Travel Services industry. As of the latest update, Viking Holdings Ltd is trading at $83.42, down 0.67% on the day with a market capitalization of $36.3 billion. The financial health score for VIK is 54/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for VIK stock.
VIK Stock Analysis & Key Metrics
On PreMarketPrice, you can track Viking Holdings Ltd (VIK) across multiple dimensions:
- Pre-market price & movement: Real-time VIK stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for VIK with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Viking Holdings Ltd across multiple reporting periods.
- Financial health score: A composite score of 54/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for VIK.
- Sector peers: Compare VIK against 6 other consumer cyclical stocks on key financial metrics.
Is VIK a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Viking Holdings Ltd (VIK) as an investment. The financial health score of 54/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Viking Holdings Ltd (VIK) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.