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Earnings transcript
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VIK
VIK
Viking Holdings Ltd
$82.24
-2.76
(-3.25%)
| Exchange: | NYSE |
| Market Cap: | 36.732B |
| Shares Outstanding: | 431.455M |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Travel ServicesView industry performance | |||||
| CEO: | Leah Talacta | |||||
| Full Time Employees: | 13000 | |||||
| Address: |
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| Website: | https://www.vikingcruisescanada.com |
Viking Holdings Ltd specializes in passenger transportation services, primarily through sea travel, across North America, the United Kingdom, and on a global scale. The company’s activities are structured into distinct River and Ocean operational segments. Furthermore, it functions as a tour provider for its clientele and undertakes associated tourism endeavors. As of December 31, 2023, Viking commanded a substantial fleet of 92 vessels. This included 81 riverboats, which were made up of 58 Longships, 10 smaller vessels drawing on the Longship design, 11 other diverse river vessels, a single chartered river vessel, and the distinctive Viking Mississippi. Additionally, its fleet comprised 9 ocean liners and 2 expedition ships. Founded in 1997, Viking Holdings Ltd maintains its principal office in Pembroke, Bermuda.
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Revenue Segmentation
VIK full analysis
Welcome to MARKETSNAP’s SWOT analysis for Viking, also known by its ticker VIK. If you’re a long-term investor looking to dive deep into this company’s potential, you’ve come to the right place. Today, we’re breaking down Viking’s strengths, weaknesses, opportunities, and threats to help you make an informed decision about whether this stock fits into your wealth-building strategy. So, let’s get started with a quick overview of who Viking is and what’s been happening with them lately. Viking operates in…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
 VIK | Viking Holdings Ltd | 36.7B | 27.1 | 25.5 | 20.1% |
 CCL | Carnival Corporation & plc | 35.1B | 11.3 | 11.6 | 10.8% |
 EXPE | Expedia Group, Inc. | 33.1B | 17.3 | 13.7 | 25.9% |
 TCOM | Trip.com Group Limited | 26.4B | 7.3 | 11.1 | 4.4% |
 NCLH | Norwegian Cruise Line Holdings Ltd. | 6.9B | 9.0 | 9.8 | 8.0% |
 TNL | Travel + Leisure Co. | 4.0B | 17.4 | 8.6 | 7.9% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,710,493 | 5,333,882 | 6,501,419 |
| Gross Profit | 1,604,990 | 1,958,957 | 2,532,769 |
| EBITDA | -1,109,791 | 811,164 | 1,815,113 |
| Operating Income | 815,950 | 1,075,068 | 1,501,534 |
| Net Income | -1,850,572 | 152,331 | 1,147,570 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 8,495,917 | 10,120,685 | 12,232,707 |
| Total Liabilities | 13,845,796 | 10,339,662 | 11,111,365 |
| Total Stockholders Equity | -5,353,603 | -222,729 | 1,121,342 |
| Total Debt | 5,548,921 | 5,572,463 | 5,740,896 |
| Cash and Cash Equivalents | 1,534,211 | 2,342,372 | 3,803,944 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,371,331 | 2,082,009 | 2,329,944 |
| Capital Expenditure | -676,335 | -917,424 | -1,026,854 |
| Free Cash Flow | 694,996 | 1,164,585 | 1,303,090 |
| Net Income | -1,859,077 | 152,977 | 1,147,570 |
| Net Change in Cash | 260,573 | 975,959 | 1,303,816 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 12,745,596.306 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 13,307,111.345 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 12,960,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 7,369,515.703 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 7,617,142.074 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 7,464,065.906 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 3,398,437.387 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 3,594,062.220 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 3,473,132.047 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 3,687,416.916 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,849,868.323 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,749,445.854 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 7.780 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 8.050 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 7.610 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 5 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Viking reported a 20.5% year-over-year revenue increase in Q4 2024, as highlighted in the earnings call transcript. This growth outpaces industry averages, reflecting strong operational efficiency and market demand.
- Positive Earnings Metrics: Key metrics such as net income and EPS show consistent growth, supported by healthy gross and net profit margins (per Income Statements and Key Metrics). This indicates effective cost management and profitability.
- Strong Cash Flow Position: Free cash flow remains positive with a notable free cash flow yield (TTM), suggesting the company has liquidity to fund operations and potential expansions without excessive reliance on debt (per Cash Flow Statements).
- Strategic Initiatives: The earnings call summary emphasizes successful strategic moves, including innovation and market expansion, positioning Viking favorably against competitors in its sector (per Earnings Call Transcript).
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates VIK intrinsic value between $78.95 – $110.69 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about VIK valuation
Is Viking Holdings Ltd (VIK) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Viking Holdings Ltd (VIK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is VIK a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether VIK trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is VIK’s P/E ratio?
You can see VIK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for VIK?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is VIK a good long-term investment?
Whether VIK fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
VIK
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Daily snapshot
-3.25
Trading Metrics:
| Open: | 84 | Previous Close: | 85 | |
| Day Low: | 81.53 | Day High: | 84 | |
| Year Low: | 56.37 | Year High: | 110.09 | |
| Price Avg 50: | 85.81 | Price Avg 200: | 84.72 | |
| Volume: | 1.947M | Average Volume: | 3.349M |
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