CA
NZ
UK
AU
IND
US
…
Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally. It operates through the River and Ocean segments. 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 for English-speaking passengers. The Ocean segment provides ocean cruises for English-speaking passengers. The company provides expedition cruises for English-speaking passengers, Mississippi River cruises for English-speaking passengers and Viking Asia, which includes cruises in languages other than English provided. As of December 31, 2025, Viking Holdings Ltd operated a fleet of 103 ships, including 89 river vessels comprising 59 Longships, 12 smaller classes based on the Longship design,15 other river vessels, and three river vessel charters, including the Viking Saigon, Viking Mississippi, and the Viking Tonle; 12 ocean ships and 2 expedition ships. The company was formerly known as MISA Investments Limited and changed its name to Viking Holdings Ltd in November 2016. The company was founded in 1997 and is based in Pembroke, Bermuda.
Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website
A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Viking Holdings Ltd is a publicly listed holding company with limited public disclosure about its operating businesses and asset mix. Long-term growth drivers depend on the performance of its subsidiaries and management’s capital-allocation choices, which could support value creation through operational improvements or strategic transactions. Investors may find exposure to underlying assets and potential restructuring upside attractive, but must rely on primary filings for specifics.
Key investment risks include sparse disclosure that raises governance and valuation uncertainty, possible leverage or asset concentration at subsidiaries, and execution risk from limited transparency.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 1167.75M | 169.83M | -1843.46M | 407.42M | -2107.21M |
| Minority interest | -0.53M | -0.65M | -0.48M | 0.04M | 0.25M |
| Net income | 1147.57M | 152.33M | -1850.57M | 398.56M | -2111.99M |
| Selling general administrative | 1031.23M | 487.79M | 3.10M | 1.20M | 3.10M |
| Selling and marketing expenses | - | 396.10M | 789.04M | 682.81M | 459.06M |
| Gross profit | 2532.77M | 1958.96M | 1604.99M | 747.10M | -291.59M |
| Reconciled depreciation | 284.79M | 260.84M | 251.31M | 276.51M | 204.41M |
| Ebit | 1530.32M | 550.32M | -1363.51M | 864.06M | -1709.29M |
| Ebitda | 1815.11M | 811.16M | -1109.79M | 1140.57M | -1504.88M |
| Depreciation and amortization | 284.79M | 260.84M | 253.72M | 276.51M | 204.41M |
| Operating income | 1501.53M | 1075.07M | 815.95M | 63.09M | -753.75M |
| Other operating expenses | 4999.89M | 4258.81M | 3894.54M | 3112.89M | 1378.85M |
| Interest expense | 362.57M | 380.49M | 479.95M | 456.64M | 397.93M |
| Tax provision | 19.65M | 16.86M | 6.64M | 8.90M | 5.03M |
| Interest income | 84.88M | 69.37M | 48.03M | 14.04M | 1.93M |
| Net interest income | -260.51M | -572.56M | -594.30M | -430.36M | -387.65M |
| Income tax expense | 19.65M | 16.86M | 6.64M | 8.90M | 5.03M |
| Total revenue | 6501.42M | 5333.88M | 4710.49M | 3175.98M | 625.10M |
| Total operating expenses | 1031.23M | 883.89M | 789.04M | 684.01M | 462.16M |
| Cost of revenue | 3968.65M | 3374.93M | 3105.50M | 2428.88M | 916.69M |
| Total other income expense net | -333.79M | -905.23M | -2659.41M | 344.33M | -1353.46M |
| Net income from continuing ops | 1148.10M | 152.98M | -1858.60M | 398.52M | -2112.24M |
| Net income applicable to common shares | 1147.57M | 131.78M | -981.04M | 245.35M | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 12232.71M | 10120.68M | 8495.92M | 7857.45M | 7687.90M |
| Intangible assets | 78.75M | 61.06M | 62.12M | 58.09M | 72.57M |
| Other current assets | 461.23M | 543.68M | 351.42M | 288.31M | 239.15M |
| Total liab | 11111.36M | 10339.66M | 13845.80M | 11350.87M | 11572.56M |
| Total stockholder equity | 1093.78M | -222.73M | -5353.60M | -3496.68M | -3887.06M |
| Other current liab | 452.00M | 396.26M | 336.79M | 296.96M | 212.99M |
| Common stock | 4.51M | 4.48M | 2.25M | 2.25M | 0.09M |
| Capital stock | 4.51M | 4.48M | 2.25M | 2.25M | 0.09M |
| Retained earnings | -4164.68M | -5288.83M | -5503.22M | -3594.51M | -3946.86M |
| Good will | 8.00M | 8.00M | 8.00M | 7.80M | 7.80M |
| Other assets | 176.22M | 170.89M | -0.00M | 154.09M | - |
| Cash | 3803.94M | 2342.37M | 1534.21M | 1253.14M | 1812.77M |
| Total current liabilities | 5717.27M | 5220.56M | 4363.89M | 4100.48M | 4042.60M |
| Current deferred revenue | 4605.16M | 4061.34M | 3486.58M | 3319.18M | 3486.96M |
| Net debt | 1936.95M | 3230.09M | 4014.71M | 4198.41M | 3034.57M |
| Short term debt | 401.09M | 498.71M | 277.69M | 274.55M | 222.55M |
| Short long term debt | 374.61M | 469.77M | 253.02M | 251.56M | 211.63M |
| Short long term debt total | 5740.90M | 5572.46M | 5548.92M | 5451.55M | 4847.34M |
| Other stockholder equity | 4906.65M | 5097.73M | 147.36M | 95.58M | 59.71M |
| Property plant equipment | 7447.15M | 6659.47M | 5971.42M | 5466.36M | - |
| Total current assets | 4502.99M | 3216.54M | 2352.59M | 2164.61M | 2910.83M |
| Long term investments | 19.60M | 12.73M | 10.47M | 6.50M | 7.16M |
| Short term investments | - | 10.46M | 55.29M | 0.94M | 100.92M |
| Net receivables | 142.04M | 239.02M | 357.07M | 577.78M | 725.29M |
| Long term debt | 5127.37M | 4866.16M | 5043.27M | 4937.58M | 4537.47M |
| Inventory | 95.78M | 91.47M | 54.60M | 45.38M | 32.70M |
| Accounts payable | 259.01M | 236.38M | 244.58M | 194.89M | 108.16M |
| Accumulated other comprehensive income | 347.30M | -36.11M | 192.18M | 140.39M | 102.11M |
| Non currrent assets other | 121.03M | 115.46M | 136.85M | 137.86M | 103.87M |
| Non current assets total | 7729.71M | 6904.15M | 6143.33M | 5692.85M | 4777.07M |
| Capital lease obligations | 238.92M | 236.54M | 252.63M | 262.41M | 98.24M |
| Long term debt total | 5339.81M | 5073.75M | 5271.23M | 5177.00M | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -853.71M | -634.23M | -841.50M | -675.53M |
| Total cashflows from investing activities | -1033.35M | -853.71M | -634.23M | -841.50M | -675.53M |
| Net borrowings | 71.91M | 61.53M | 84.74M | 424.29M | 897.80M |
| Total cash from financing activities | 8.28M | -247.90M | -479.65M | -80.93M | 963.45M |
| Net income | 1147.57M | 152.98M | -1859.08M | 414.67M | -2112.24M |
| Change in cash | 1303.82M | 975.96M | 260.57M | -559.63M | 986.91M |
| Begin period cash flow | 2500.13M | 1513.71M | 1253.14M | 1812.77M | 825.87M |
| End period cash flow | 3803.94M | 2489.67M | 1513.71M | 1253.14M | 1812.77M |
| Total cash from operating activities | 2329.94M | 2082.01M | 1371.33M | 372.67M | 701.54M |
| Issuance of capital stock | 0.00M | 243.93M | 0.00M | 0.91M | 700.28M |
| Depreciation | 284.79M | 260.84M | 251.31M | 278.06M | 204.41M |
| Other cashflows from investing activities | 77.37M | 72.21M | 42.11M | 14.88M | 383.86M |
| Dividends paid | 0.00M | 18.95M | 49.63M | 46.46M | 51.22M |
| Change to inventory | -4.31M | -36.55M | -9.22M | -12.68M | -7.02M |
| Change to account receivables | - | - | -2.42M | -0.40M | -8.18M |
| Sale purchase of stock | 22.26M | 256.31M | 0.00M | 0.91M | -200.00M |
| Other cashflows from financing activities | -85.90M | -534.41M | -514.76M | -458.76M | 315.59M |
| Capital expenditures | 1026.85M | 917.42M | 676.34M | 956.38M | 959.39M |
| Change in working capital | 696.91M | 763.13M | 299.34M | 39.87M | 1245.21M |
| Stock based compensation | 88.52M | 14.11M | 17.91M | 25.26M | 23.90M |
| Other non cash items | 112.16M | 890.94M | 2661.84M | -385.20M | 1340.28M |
| Free cash flow | 1303.09M | 1164.59M | 695.00M | -583.71M | -257.85M |
Sector: Consumer Cyclical Industry: Travel Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| VIK Viking Holdings Ltd |
-2.06 2.30% |
87.47 | 28.73 | 18.45 | 5.45 | 23.75 | 5.88 | 20.38 |
| BKNG Booking Holdings Inc |
-2.30 1.53% |
148.13 | 28.83 | 17.92 | 5.61 | 34.95 | 5.73 | 16.72 |
| ABNB Airbnb Inc |
-2.06 1.24% |
164.39 | 38.87 | 28.99 | 7.66 | 12.90 | 6.92 | 32.32 |
| RCL Royal Caribbean Cruises Ltd |
-3.36 1.08% |
307.18 | 15.40 | 12.39 | 3.57 | 6.67 | 4.87 | 12.36 |
| TCOM Trip.com Group Ltd ADR |
1.03 2.67% |
39.59 | 23.73 | 16.29 | 0.91 | 2.30 | 5.84 | 18.29 |
Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally. It operates through the River and Ocean segments. 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 for English-speaking passengers. The Ocean segment provides ocean cruises for English-speaking passengers. The company provides expedition cruises for English-speaking passengers, Mississippi River cruises for English-speaking passengers and Viking Asia, which includes cruises in languages other than English provided. As of December 31, 2025, Viking Holdings Ltd operated a fleet of 103 ships, including 89 river vessels comprising 59 Longships, 12 smaller classes based on the Longship design,15 other river vessels, and three river vessel charters, including the Viking Saigon, Viking Mississippi, and the Viking Tonle; 12 ocean ships and 2 expedition ships. The company was formerly known as MISA Investments Limited and changed its name to Viking Holdings Ltd in November 2016. The company was founded in 1997 and is based in Pembroke, Bermuda.
| Name | Title | Year Born |
|---|---|---|
| Mr. Torstein Hagen | Founder & Executive Chairman | 1943 |
| Ms. Leah Talactac | President & CEO | 1978 |
| Ms. Linh Banh | Chief Financial Officer | 1980 |
| Mr. Anton Hofmann | Executive Vice President of Group Operations | 1962 |
| Ms. Carola Mengolini | Vice President of Investor Relations | NA |
| Mr. Richard Marnell | Executive Vice President of Marketing | 1966 |
| Mr. Milton Hugh | Executive Vice President of Sales | 1969 |
| Mr. Jeff Dash | Executive VP & Head of Business Development | 1970 |
| Mr. Karine Hagen | Executive VP of Product & Director | 1971 |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.
Download a free report with stock ideas and industry insights for general information.
Download Free Report Now →
Basic Materials
-1.82%
Communication Services
-0.22%
Consumer Cyclical
-0.13%
Consumer Defensive
+0.32%
Energy
+0.15%
Financial Services
-0.85%
Financials
+2.34%
Healthcare
-1.28%
Industrials
-0.96%
Real Estate
-0.38%
Technology
-2.73%
Utilities
-0.31%
Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.
Portfolio
Watchlist
Please wait processing your request...