Company Valuation: Viking Holdings Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027 2028
Capitalization 1 19,016 31,678 40,127 - -
Change - 66.58% 26.67% - -
Enterprise Value (EV) 1 22,244 33,779 41,923 42,114 42,788
Change - 51.85% 24.11% 0.46% 1.6%
P/E ratio 122x 27.8x 27.3x 20.9x 17.3x
PBR -87.8x 20.8x 15.7x 9.99x 6.82x
PEG -1x 0x 1x 0.7x 0.8x
Capitalization / Revenue 3.57x 4.87x 5.42x 4.55x 4.05x
EV / Revenue 4.17x 5.2x 5.66x 4.77x 4.32x
EV / EBITDA 16.5x 18x 19.8x 16x 14.2x
EV / EBIT 20.7x 22.5x 24x 19.1x 16.8x
EV / FCF 19.1x 22x 28.2x 18.5x 14.9x
FCF Yield 5.24% 4.54% 3.55% 5.39% 6.69%
Dividend per Share 2 - - - 0.1126 -
Rate of return - - - 0.13% -
EPS 2 0.36 2.57 3.295 4.308 5.186
Distribution rate - - - 2.61% -
Net sales 1 5,334 6,501 7,409 8,824 9,913
EBITDA 1 1,348 1,872 2,121 2,624 3,012
EBIT 1 1,075 1,502 1,746 2,203 2,550
Net income 1 152.3 1,148 1,476 1,918 2,282
Net Debt 1 3,228 2,101 1,796 1,986 2,661
Reference price 2 44.06 71.41 89.94 89.94 89.94
Nbr of stocks (in thousands) 431,604 443,610 446,157 - -
Announcement Date 3/11/25 3/3/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.3x5.66x19.76x-.--% 40.13B
18.99x4.82x10.79x3.34% 1.9B
22.96x0.84x10.4x1.31% 817M
7.68x0.38x5.51x6.51% 563M
11.48x - - - 86.86M
-0.8x0.42x7.54x - 72.18M
Average 14.60x 2.43x 10.80x 2.79% 7.26B
Weighted average by Cap. 26.52x 5.45x 18.99x 0.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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