OM:VSSAB BShipping
Viking Supply Ships (OM:VSSAB B) Stock Faces A Bigger Valuation Question
The market has had time to think about Viking Supply Ships. The stock closed on Friday at SEK149, after a modest gain over the past week and quarter, yet the latest numbers land with more force than that calm price action suggests. Q2 brought SEK461 million in revenue and SEK182 million in net income, which sits against a trailing net profit margin of 10.5% and a P/E of 18.1x. For a capital intensive offshore shipping company, that mix of profitability and valuation now becomes the real story...