VIK - Viking Holdings Ltd
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$106.79
DETAILS
HIGH:
$121.00
LOW:
$82.00
MEDIAN:
$108.50
CONSENSUS:
$106.79
UPSIDE:
24.45%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 2,190.5 | 1,053.7 | 1,724.4 | 1,999.6 | 1,880.4 | 897.1 | 1,349.7 | 1,678.7 | 1,587.3 | 718.2 | 1,119.9 | 1,506.8 | 1,454.8 | 629.0 | 881.1 |
| Cost of Revenue | 1,277.9 | 769.5 | 1,091.8 | 1,127.9 | 1,086.5 | 662.5 | 894.3 | 970.2 | 939.7 | 568.8 | 762.0 | 906.2 | 895.7 | 539.2 | 654.7 |
| Gross Profit | 912.6 | 284.3 | 632.6 | 871.8 | 793.8 | 234.6 | 455.4 | 708.6 | 647.5 | 149.3 | 357.9 | 600.6 | 559.1 | 89.8 | 226.3 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 268.7 | 272.2 | 272.0 | 267.0 | 248.3 | 243.9 | 224.5 | 219.0 | 220.6 | 219.8 | 199.5 | 188.3 | 195.6 | 205.7 | 199.2 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 268.7 | 272.2 | 272.0 | 267.0 | 248.3 | 243.9 | 224.5 | 219.0 | 220.6 | 219.8 | 199.5 | 188.3 | 195.6 | 205.7 | 199.2 |
| Operating Income | |||||||||||||||
| Operating Income | 643.9 | 12.1 | 360.6 | 604.7 | 545.5 | (9.3) | 230.9 | 489.6 | 426.9 | (70.5) | 158.4 | 412.3 | 363.5 | (115.9) | 27.1 |
| Interest Expense | 82.2 | 76.9 | 84.9 | 107.0 | 84.0 | 86.7 | 86.4 | 90.0 | 100.6 | 117.5 | 119.2 | 122.9 | 173.3 | 123.6 | 118.8 |
| Interest Income | 26.9 | 23.4 | 27.4 | 17.6 | 19.7 | 20.2 | 19.4 | 16.8 | 14.7 | 18.5 | 16.6 | 12.6 | 10.0 | 8.8 | 7.2 |
| Profitability | |||||||||||||||
| EBITDA | 727.9 | 103.2 | 471.1 | 697.6 | 593.3 | 53.2 | 265.3 | 530.7 | 325.1 | (309.9) | (410.7) | (1,054.4) | 428.7 | (25.2) | 383.8 |
| EBIT | 643.9 | 27.8 | 390.2 | 627.9 | 527.8 | (15.6) | 193.5 | 469.7 | 263.9 | (374.8) | (473.2) | (1,117.2) | 365.4 | (87.9) | 319.6 |
| Income Before Tax | 594.5 | (49.1) | 305.3 | 520.9 | 443.8 | (102.3) | 107.1 | 379.7 | 163.3 | (492.3) | (592.4) | (1,240.1) | 192.0 | (211.5) | 200.8 |
| Income Tax Expense | 6.8 | 5.1 | 5.0 | 6.9 | 4.6 | 3.2 | 2.9 | 4.9 | 7.5 | 1.6 | 3.7 | (1.9) | 2.0 | 2.9 | 7.7 |
| Net Income | 587.4 | (54.4) | 299.9 | 514.1 | 439.0 | (105.5) | 103.7 | 375.1 | 155.7 | (494.2) | (596.6) | (1,238.2) | 189.9 | (214.2) | 193.3 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 1.32 | -0.12 | 0.68 | 1.15 | 0.99 | -0.24 | 0.24 | 0.87 | 0.37 | -2.23 | -1.38 | -2.87 | 0.44 | -0.50 | 0.45 |
| EPS (Diluted) | 1.32 | -0.12 | 0.67 | 1.15 | 0.99 | -0.24 | 0.24 | 0.86 | 0.37 | -2.23 | -1.38 | -2.87 | 0.44 | -0.50 | 0.45 |
| Shares Outstanding | 446.4 | 445.9 | 444.3 | 443.4 | 443.2 | 442.9 | 431.6 | 431.6 | 364.8 | 221.9 | 431.5 | 431.5 | 431.5 | 431.5 | 431.5 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q1 | 2022 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||
| Cash & Cash Equivalents | 3,985.4 | 4,046.7 | 3,803.9 | 3,037.3 | 2,444.9 | 2,765.6 | 2,342.4 | 2,385.5 | 1,842.1 | 1,673.6 | 1,513.7 | 1,670.6 | (1,273.7) | 1,253.1 |
| Short-Term Investments | 0 | 0 | 0 | 10.1 | 10.8 | 0 | 0 | 0 | 0 | 0 | 20.5 | 0 | 2,547.4 | 0.9 |
| Net Receivables | 147.5 | 154.7 | 142.0 | 130.2 | 171.3 | 232.2 | 239.0 | 240.6 | 251.0 | 360.0 | 269.0 | 260.3 | 0 | 577.8 |
| Inventory | 110.4 | 118.1 | 95.8 | 98.6 | 92.1 | 91.7 | 91.5 | 59.5 | 52.6 | 54.2 | 54.6 | 53.3 | 0 | 45.4 |
| Other Current Assets | 671.4 | 690.6 | 461.2 | 0 | 742.4 | 606.2 | 533.2 | 500.6 | 539.0 | 513.7 | 354.8 | 407.7 | 0 | 287.4 |
| Total Current Assets | 4,914.7 | 5,010.1 | 4,503.0 | 3,853.9 | 3,461.5 | 3,695.6 | 3,216.5 | 3,186.1 | 2,684.8 | 2,601.5 | 2,352.6 | 2,535.6 | 1,273.7 | 2,164.6 |
| Non-Current Assets | ||||||||||||||
| Property, Plant & Equipment | 8,679.6 | 7,987.8 | 7,447.2 | 7,378.6 | 7,346.9 | 6,799.6 | 6,659.5 | 6,090.5 | 6,077.8 | 5,982.4 | 5,971.4 | 5,861.4 | 0 | 5,466.4 |
| Goodwill | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 0 | 7.8 |
| Intangible Assets | 0 | 0 | 78.7 | 68.4 | 70.7 | 71.1 | 61.1 | 61.2 | 62.6 | 64.0 | 54.1 | 61.4 | 0 | 58.1 |
| Long-Term Investments | 0 | 0 | 19.6 | 4.1 | 5 | 0 | 12.7 | 12.7 | 10.4 | 9.8 | 10.5 | 8.8 | 0 | 6.5 |
| Other Non-Current Assets | 136.7 | 148.3 | 121.0 | 162.8 | 175.9 | 83.5 | 115.5 | 149.5 | 98.9 | 72.8 | 136.9 | 145.5 | (1,273.7) | 137.9 |
| Total Non-Current Assets | 8,870.0 | 8,190.2 | 7,729.7 | 7,668.3 | 7,656.1 | 7,008.1 | 6,904.1 | 6,362.4 | 6,297.9 | 6,181.2 | 6,223.7 | 6,114.1 | (1,273.7) | 5,692.8 |
| Total Assets | 13,784.8 | 13,200.3 | 12,232.7 | 11,522.1 | 11,117.6 | 10,703.7 | 10,120.7 | 9,548.5 | 8,982.7 | 8,782.7 | 8,576.3 | 8,649.7 | 0 | 7,857.5 |
| Current Liabilities | ||||||||||||||
| Account Payables | 327.4 | 342.5 | 259.0 | 263.3 | 287.1 | 267.0 | 236.4 | 264.0 | 275.2 | 187.8 | 244.6 | 240.2 | 0 | 194.9 |
| Short-Term Debt | 235.1 | 177.0 | 401.1 | 1,058.4 | 249.8 | 467.0 | 469.8 | 449.6 | 440.0 | 259.8 | 253.0 | 250.1 | 0 | 251.6 |
| Deferred Revenue | 5,040.9 | 0 | 4,605.2 | 4,320.4 | 4,391.4 | 4,764.3 | 4,061.3 | 4,036.1 | 3,823.4 | 4,068.1 | 3,486.6 | 3,592.6 | 0 | 3,319.2 |
| Other Current Liabilities | 490.4 | 5,561.1 | 387.8 | 56.1 | 59.8 | 0 | 81.7 | 584.5 | 350.9 | 0 | 305.8 | 15.2 | 0 | 126.8 |
| Total Current Liabilities | 6,093.8 | 6,435.2 | 5,717.3 | 6,111.8 | 5,407.1 | 5,886.3 | 5,220.6 | 5,465.5 | 5,265.1 | 4,900.3 | 4,363.9 | 4,481.2 | 0 | 4,100.5 |
| Non-Current Liabilities | ||||||||||||||
| Long-Term Debt | 5,738.3 | 5,418.3 | 5,127.4 | 4,341.9 | 5,188.4 | 4,845.6 | 4,866.2 | 4,615.2 | 4,642.7 | 4,954.5 | 5,043.3 | 5,079.3 | 0 | 4,937.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 4.7 | 3.9 | 3.7 | 3.6 | 4.1 | 3.8 | 0 | 5.3 |
| Other Non-Current Liabilities | 81.3 | 74.5 | 54.3 | 46.0 | 51.8 | 44.4 | 40.6 | 26.5 | 36.5 | 4,545.8 | 4,206.6 | 3,608.2 | 0 | 2,068.1 |
| Total Non-Current Liabilities | 6,038.6 | 5,698.4 | 5,394.1 | 4,606.8 | 5,432.2 | 5,084.9 | 5,119.1 | 4,864.3 | 4,898.3 | 9,725.2 | 9,481.9 | 8,923.1 | 0 | 7,250.4 |
| Total Liabilities | 12,132.4 | 12,133.6 | 11,111.4 | 10,718.6 | 10,839.2 | 10,971.2 | 10,339.7 | 10,329.9 | 10,163.3 | 14,625.4 | 13,845.8 | 13,404.3 | 0 | 11,350.9 |
| Stockholders' Equity | ||||||||||||||
| Common Stock | 0 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.5 | 4.4 | 4.4 | 2.3 | 2.3 | 0.1 | 0 | 2.3 |
| Retained Earnings | 0 | (4,219.1) | (4,164.7) | (4,441.3) | (4,955.4) | (5,394.4) | (5,288.8) | (5,485.0) | (5,860.1) | (5,997.6) | (5,422.8) | (4,881.9) | 0 | (3,594.5) |
| Accumulated Other Comprehensive Income | 0 | 11.8 | 347.3 | 56.3 | 77.9 | 2.9 | (36.1) | 17.2 | (1.7) | (41.7) | 0 | 0.2 | (3,496.7) | 0 |
| Total Stockholders' Equity | 1,652.4 | 1,039.6 | 1,093.8 | 800.4 | 275.1 | (270.5) | (222.7) | (785.0) | (1,184.2) | (5,842.8) | (5,273.2) | (4,757.8) | (3,493.4) | (3,496.7) |
| Total Liabilities & Equity | 13,784.8 | 13,200.3 | 12,232.7 | 11,522.1 | 11,117.6 | 10,699.9 | 10,120.7 | 9,548.5 | 8,982.7 | 8,782.7 | 8,576.3 | 8,649.7 | (3,493.4) | 7,857.5 |
| Debt Metrics | ||||||||||||||
| Total Debt | 6,192.4 | 5,828.8 | 5,740.9 | 5,646.4 | 5,658.8 | 5,536.0 | 5,572.5 | 5,312.6 | 5,322.7 | 5,460.0 | 5,548.9 | 5,585.5 | 0 | 5,451.6 |
| Net Debt | 2,207.0 | 1,782.1 | 1,937.0 | 2,609.0 | 3,213.9 | 2,770.5 | 3,230.1 | 2,927.2 | 3,480.6 | 3,786.4 | 4,035.2 | 3,904.4 | 1,273.7 | 4,177.9 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | 587.4 | (54.4) | 300.3 | 514.0 | 439.2 | (105.5) | 116.3 | 374.8 | 159.8 | (490.7) | (596.1) | (1,238.2) | 189.9 | (214.4) | 193.2 |
| Depreciation & Amortization | 84.0 | 75.4 | 80.8 | 69.7 | 65.4 | 68.8 | 73.7 | 61.1 | 61.8 | 65.5 | 62.5 | 62.8 | 63.3 | 62.7 | 64.2 |
| Stock-Based Compensation | 0 | 18.5 | 24.1 | 28.1 | 22.2 | 14.2 | 3.6 | 3.5 | 3.5 | 3.5 | 2.8 | 2.8 | 0 | 6.8 | 6.5 |
| Change in Working Capital | (347.9) | 658.2 | 378.4 | (35.4) | (167.7) | 521.7 | 69.9 | 274.4 | (58.5) | 477.4 | (120.0) | (27.4) | 168.3 | 278.5 | 109.4 |
| Other Non-Cash Items | 15.5 | (15.2) | 54.2 | 87.5 | 111.6 | 88.7 | 107.0 | 115.0 | 253.2 | 407.2 | 754.4 | 1,654.3 | 60.7 | 91.5 | (179.2) |
| Operating Cash Flow | 339.0 | 682.5 | 837.8 | 663.9 | 470.7 | 587.9 | 370.5 | 828.7 | 419.8 | 463.0 | 103.6 | 454.3 | 482.2 | 225.1 | 193.9 |
| Investing Activities | |||||||||||||||
| Capital Expenditure | (735.9) | (530.9) | (157.9) | (54.5) | (668.1) | (146.3) | (550.4) | (114.1) | (156.9) | (96.0) | (96.8) | (59.1) | (393.4) | (125.7) | (337.4) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (5.6) | 27.9 | 24.9 | 8.4 | 16.2 | 17.4 | 14.3 | 17.6 | 14.5 | 14.7 | 11.5 | (1.2) | 4.7 | 7.7 |
| Investing Cash Flow | (735.9) | (536.6) | (130.1) | (29.6) | (659.7) | (130.1) | (533.0) | (99.9) | (139.3) | (81.5) | (82.1) | (47.6) | (394.6) | (121.0) | (329.6) |
| Financing Activities | |||||||||||||||
| Net Debt Issuance | 339.6 | 94.3 | 109.7 | (78.0) | (328.9) | (61.4) | 341.2 | (60.2) | (140.2) | (79.2) | (75.4) | (765.5) | 249.9 | (93.5) | 275.1 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (18.2) | 0 | (25.0) | 0 | (24.6) | 0 | (23.6) |
| Other Financing Activities | (11.0) | (8.8) | (62.0) | (126.7) | 347.6 | (123.1) | (66.9) | (130.9) | 46.6 | (140.0) | (82.8) | 569.0 | (9.3) | (105.2) | (158.7) |
| Financing Cash Flow | 333.6 | 90.6 | 57.7 | (202.0) | 22.8 | (184.5) | 274.2 | (191.1) | (111.8) | (219.2) | (183.2) | (196.4) | 215.9 | (198.7) | 93.4 |
| Cash Position | |||||||||||||||
| Net Change in Cash | (61.3) | 242.8 | 766.6 | 432.3 | (160.5) | 275.9 | 104.2 | 543.3 | 168.5 | 159.9 | (156.9) | 206.2 | 0 | (92.8) | (36.5) |
| Cash at Beginning | 4,046.7 | 3,803.9 | 3,037.3 | 2,605.0 | 2,765.6 | 2,489.7 | 2,385.5 | 1,842.1 | 1,673.6 | 1,513.7 | 1,670.6 | 1,464.4 | 0 | 1,253.1 | 1,289.7 |
| Cash at End | 3,985.4 | 4,046.7 | 3,803.9 | 3,037.3 | 2,605.0 | 2,765.6 | 2,489.7 | 2,385.5 | 1,842.1 | 1,673.6 | 1,513.7 | 1,670.6 | 0 | 1,160.3 | 1,253.1 |
| Free Cash Flow | (396.8) | 151.6 | 679.9 | 609.4 | (197.4) | 441.6 | (179.9) | 714.5 | 262.9 | 367.0 | 6.8 | 395.2 | 88.8 | 99.4 | (143.4) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 2,190.5 | 1,053.7 | 1,724.4 | 1,999.6 | 1,880.4 | 897.1 | 1,349.7 | 1,678.7 | 1,587.3 | 718.2 | 1,119.9 | 1,506.8 | 1,454.8 | 629.0 | 881.1 |
| Gross Profit | 912.6 | 284.3 | 632.6 | 871.8 | 793.8 | 234.6 | 455.4 | 708.6 | 647.5 | 149.3 | 357.9 | 600.6 | 559.1 | 89.8 | 226.3 |
| Operating Income | 643.9 | 12.1 | 360.6 | 604.7 | 545.5 | (9.3) | 230.9 | 489.6 | 426.9 | (70.5) | 158.4 | 412.3 | 363.5 | (115.9) | 27.1 |
| Net Income | 587.4 | (54.4) | 299.9 | 514.1 | 439.0 | (105.5) | 103.7 | 375.1 | 155.7 | (494.2) | (596.6) | (1,238.2) | 189.9 | (214.2) | 193.3 |
| EPS (Diluted) | 1.32 | -0.12 | 0.67 | 1.15 | 0.99 | -0.24 | 0.24 | 0.86 | 0.37 | -2.23 | -1.38 | -2.87 | 0.44 | -0.50 | 0.45 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 3,985.4 | 4,046.7 | 3,803.9 | 3,037.3 | 2,444.9 | 2,765.6 | 2,342.4 | 2,385.5 | 1,842.1 | 1,673.6 | 1,513.7 | 1,670.6 | (1,273.7) | 1,253.1 | |
| Total Assets | 13,784.8 | 13,200.3 | 12,232.7 | 11,522.1 | 11,117.6 | 10,703.7 | 10,120.7 | 9,548.5 | 8,982.7 | 8,782.7 | 8,576.3 | 8,649.7 | 0 | 7,857.5 | |
| Total Debt | 6,192.4 | 5,828.8 | 5,740.9 | 5,646.4 | 5,658.8 | 5,536.0 | 5,572.5 | 5,312.6 | 5,322.7 | 5,460.0 | 5,548.9 | 5,585.5 | 0 | 5,451.6 | |
| Stockholders' Equity | 1,652.4 | 1,039.6 | 1,093.8 | 800.4 | 275.1 | (270.5) | (222.7) | (785.0) | (1,184.2) | (5,842.8) | (5,273.2) | (4,757.8) | (3,493.4) | (3,496.7) | |
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 339.0 | 682.5 | 837.8 | 663.9 | 470.7 | 587.9 | 370.5 | 828.7 | 419.8 | 463.0 | 103.6 | 454.3 | 482.2 | 225.1 | 193.9 |
| Capital Expenditure | (735.9) | (530.9) | (157.9) | (54.5) | (668.1) | (146.3) | (550.4) | (114.1) | (156.9) | (96.0) | (96.8) | (59.1) | (393.4) | (125.7) | (337.4) |
| Free Cash Flow | (396.8) | 151.6 | 679.9 | 609.4 | (197.4) | 441.6 | (179.9) | 714.5 | 262.9 | 367.0 | 6.8 | 395.2 | 88.8 | 99.4 | (143.4) |