VIK
Viking Holdings Ltd
VIK's fundamentals are mixed: revenue grew 20%, but free cash flow fell 72%. At 29x earnings, it's trading below its usual 34x. Analysts expect strong earnings growth.
VIK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Unavailable | |
| Healthy |
VIK's revenue, profitability and balance sheet are currently healthy. There isn't enough data to rate its cash flow.
VIK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 22x | $88.88 | — |
| Current | 29x | $88.88 | — |
| Cheap | 31x | $92.52 | +4.1% |
| Fair | 34x | $102 | +15% |
| Expensive | 46x | $139 | +56% |
Historical ranges are pointers, not guarantees.
VIK's PE is in its cheap range at 29x. If earnings grow as analysts expect, today's price would be 22x next year's earnings.
VIK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for VIK, with profitability improving.
VIK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.00 | +33% |
| Q2 2026 | $3.02 | +63% |
| Q1 2026 | $2.69 | +119% |
| Q4 2025 | $2.57 | +$3.33 |
| Q3 2025 | $2.14 | +$4.52 |
| Q2 2025 | $1.85 | +$7.96 |
| Q1 2025 | $1.23 | +$7.27 |
| Q4 2024 | -$0.76 | +$3.55 |
| Q3 2024 | -$2.38 | +$0.10 |
VIK's earnings per share have climbed steadily: $3.02 over the past year, up 63% from the year before, and higher year over year every quarter since late 2024.
VIK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.2B | +16% |
| Q1 2026 | $1.1B | +17% |
| Q4 2025 | $1.7B | +28% |
| Q3 2025 | $2B | +19% |
| Q2 2025 | $1.9B | +18% |
| Q1 2025 | $897.1M | +25% |
| Q4 2024 | $1.3B | +21% |
| Q3 2024 | $1.7B | +11% |
VIK's revenue has grown year over year every quarter since late 2023: $2.2B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | +0.4 points |
| Q1 2026 | 1.1% | +2.2 points |
| Q4 2025 | 21% | +3.8 points |
| Q3 2025 | 30% | +1.1 points |
| Q2 2025 | 29% | +2.1 points |
| Q1 2025 | -1% | +8.8 points |
| Q4 2024 | 17% | +3 points |
| Q3 2024 | 29% | +1.8 points |
VIK's operating margin was 29% last quarter, about level with the same quarter a year ago.
VIK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2024 | -$179.9M | -2765% |
| Q3 2024 | $714.5M | +81% |
| Q2 2024 | $262.9M | +196% |
| Q1 2024 | $367M | +269% |
| Q4 2023 | $6.8M | +$150.2M |
VIK usually generates cash, though not every quarter: the latest was −$397M, but it generated $289M over the past year.
VIK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +2.2M shares |
| 1 year | +0.6% | +2.5M shares |
| 3 years | +3.9% | +16.6M shares |
VIK has 448M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
VIK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 1.0x | Very low |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | 4.0x | Elevated |
| Q3 2024 | 21.7x | High |
VIK's net debt is about 1.1 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
VIK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.5 | Neutral |
| Stochastic | 33.7 | Neutral |
VIK's weekly RSI is 54 (neutral) and its Stochastic is 34 (neutral).
VIK PE vs Consumer Cyclical Sector
| Metric | VIK | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 18x | 63% above |
| PE % | 10 | 24 | 14 pts below |
VIK is trading at 29x earnings, a 63% premium to the Consumer Cyclical sector's median of 18x.
VIK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $84.0 | 5.8% above |
| 20 week MA | $90.7 | 2% below |
| 50 week MA | $83.2 | 6.8% above |
| 100 week MA | $67.5 | 32% above |
VIK's trend is mixed: it's above three of its four weekly moving averages, and 32% above its 100-week average.
VIK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $29.0 | $44.4 | +53% |
| 2025 | $44.4 | $73.3 | +65% |
| 2026 YTD | $73.3 | $88.9 | +21% |
VIK has finished every year since 2024 higher, and it's up 21% so far in 2026.