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VIK: Expanding River Fleet Will Shape Balanced Long Term Performance

Update shared on 08 Dec 2025

Fair value Increased 1.23%
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AnalystConsensusTarget's Fair Value
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51.1%
7D
2.5%

Analysts have modestly raised their price target on Viking Holdings, increasing estimated fair value by about $1 to roughly $69 per share, citing slightly stronger projected revenue growth and profit margins that more than offset a marginal uptick in the assumed discount rate and a small trim to future valuation multiples.

What's in the News

  • Viking named nine new river ships, including its 100th vessel, in a ceremony in Basel, Switzerland, marking a milestone of more than 100 ships across its river, ocean and expedition fleet, the largest in the cruise industry (Key Developments)
  • Newly named ships will expand capacity on key European itineraries. Viking Annar, Viking Dagur, Viking Eldir and Viking Honir are assigned to popular Rhine, Main and Danube routes, and Viking Nerthus, Viking Gyda and Viking Tonle are deployed on the Seine, Douro and Mekong rivers (Key Developments)
  • Viking took delivery of its newest river ships, Viking Honir for the Rhine, Main and Danube and Viking Thoth for the Nile. The company has a committed orderbook of 23 additional river ships by 2028 and 10 additional ocean ships by 2031, targeting a fleet of 112 river and 23 ocean or expedition ships (Key Developments)
  • The company also accepted delivery of Viking Tonle, which was purpose built for the Mekong River and its 15 day Magnificent Mekong itinerary. The ship features 40 outside staterooms with verandas or French balconies and amenities such as a pool, spa, fitness center and open air Sky Bar (Key Developments)

Valuation Changes

  • Fair Value: Increased slightly from approximately $68.32 to about $69.16 per share, reflecting a modest uplift in the analyst assessed valuation.
  • Discount Rate: Risen marginally from about 8.73 percent to roughly 8.75 percent, implying a slightly higher required return applied to future cash flows.
  • Revenue Growth: Nudged higher from around 13.91 percent to approximately 14.11 percent, signaling a small upgrade to long term top line expansion expectations.
  • Net Profit Margin: Improved modestly from roughly 23.66 percent to about 24.01 percent, indicating a slightly stronger long run profitability outlook.
  • Future P/E: Edged down marginally from about 18.24x to roughly 18.11x, suggesting a slightly lower multiple applied to projected earnings.

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Disclaimer

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