HLSE:VIK1V

Stock Analysis Report

Executive Summary

Viking Line ABP, together with its subsidiaries, provides passenger and cargo carrier services.

Snowflake

Fundamentals

Moderate growth potential with mediocre balance sheet.

Share Price & News

How has Viking Line ABP's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

VIK1V

1.2%

FI Hospitality

2.4%

FI Market


1 Year Return

34.3%

VIK1V

7.4%

FI Hospitality

3.7%

FI Market

Return vs Industry: VIK1V exceeded the Finnish Hospitality industry which returned 7.4% over the past year.

Return vs Market: VIK1V exceeded the Finnish Market which returned 3.7% over the past year.


Shareholder returns

VIK1VIndustryMarket
7 Day0.6%1.2%2.4%
30 Day-1.1%1.1%-0.2%
90 Day-1.6%2.1%3.0%
1 Year36.0%34.3%11.0%7.4%8.4%3.7%
3 Year-13.2%-16.9%19.9%9.0%28.8%13.5%
5 Year44.7%27.7%55.2%30.8%62.3%31.2%

Price Volatility Vs. Market

How volatile is Viking Line ABP's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Viking Line ABP undervalued compared to its fair value and its price relative to the market?

22.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: VIK1V (€18) is trading above our estimate of fair value (€5.94)

Significantly Undervalued: VIK1V is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VIK1V is poor value based on its PE Ratio (22.5x) compared to the Hospitality industry average (19.8x).

PE vs Market: VIK1V is poor value based on its PE Ratio (22.5x) compared to the Finnish market (20.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate VIK1V's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VIK1V is good value based on its PB Ratio (0.9x) compared to the XE Hospitality industry average (1.5x).


Next Steps

Future Growth

How is Viking Line ABP forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIK1V's forecast earnings growth (20.9% per year) is above the savings rate (0.5%).

Earnings vs Market: VIK1V's earnings (20.9% per year) are forecast to grow faster than the Finnish market (13.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if VIK1V's revenue is forecast to grow faster than the Finnish market.

High Growth Revenue: Insufficient data to determine if VIK1V's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if VIK1V's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Viking Line ABP performed over the past 5 years?

-36.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VIK1V's earnings have declined by -36.2% per year over the past 5 years.

Accelerating Growth: VIK1V's earnings growth over the past year (48.3%) exceeds its 5-year average (-36.2% per year).

Earnings vs Industry: VIK1V earnings growth over the past year (48.3%) exceeded the Hospitality industry 2.5%.


Return on Equity

High ROE: VIK1V's Return on Equity (3.9%) is considered low.


Return on Assets

ROA vs Industry: VIK1V's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: VIK1V's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Viking Line ABP's financial position?


Financial Position Analysis

Short Term Liabilities: VIK1V's short term assets (€115.7M) do not cover its short term liabilities (€120.0M)

Long Term Liabilities: VIK1V's short term assets (115.7M) do not cover its long term liabilities (153.6M)


Debt to Equity History and Analysis

Debt Level: VIK1V's debt to equity ratio (61.7%) is considered high

Reducing Debt: VIK1V's debt to equity ratio has reduced from 135.2% to 61.7% over the past 5 years.

Debt Coverage: VIK1V's debt is well covered by operating cash flow (24.2%).

Interest Coverage: VIK1V's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet

Inventory Level: VIK1V has a high level of physical assets or inventory.

Debt Coverage by Assets: VIK1V's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

What is Viking Line ABP's current dividend yield, its reliability and sustainability?

1.11%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%2.2%markettop25%5.1%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VIK1V's dividend (1.11%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (2.25%).

High Dividend: VIK1V's dividend (1.11%) is low compared to the top 25% of dividend payers in the Finnish market (5.08%).

Stable Dividend: VIK1V is not paying a notable dividend for the Finnish market, therefore no need to check if payments are stable.

Growing Dividend: VIK1V is not paying a notable dividend for the Finnish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: VIK1V is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VIK1V's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

What is the CEO of Viking Line ABP's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Jan Hanses (58yo)

5.6yrs

Tenure

€323,291

Compensation

Mr. Jan Hanses has been the Chief Executive Officer and President of Viking Line ABP since March 20, 2014. Mr. Hanses served as Deputy Chief Executive of Viking Line ABP from November 2008 to March 20, 201 ...


CEO Compensation Analysis

Compensation vs. Market: Jan's total compensation ($USD0.00) is too low to compare against companies of similar size in the Finnish market ($USD294.36K).

Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

53yo

Average Age

Experienced Management: VIK1V's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

14.8yrs

Average Tenure

69yo

Average Age

Experienced Board: VIK1V's board of directors are seasoned and experienced ( 14.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jan Hanses (58yo)

    President & CEO

    • Tenure: 5.6yrs
    • Compensation: €323.29k
  • Peter Hellgren (52yo)

    Deputy CEO

    • Tenure: 0yrs
  • Johanna Boijer-Svahnström (54yo)

    Senior Vice President of Corporate Communications & Public Affairs

    • Tenure: 1.8yrs
  • Wilhelm Hård Af Segerstad (55yo)

    Senior Vice President of Shipboard Commercial Operations & Shipboard Staff

    • Tenure: 5.8yrs
  • Ulf Hagström (50yo)

    Senior Vice President of Marine Operations & New buildings

    • Tenure: 0yrs
  • Mats Engblom (42yo)

    Senior Vice President of Finance

    • Tenure: 0.9yrs

Board Members

  • Lars Nordström (76yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: €32.00k
  • Ben Lundqvist (76yo)

    Chairman

    • Tenure: 24.8yrs
    • Compensation: €38.00k
  • Dick Lundqvist (73yo)

    Director

    • Tenure: 19.8yrs
    • Compensation: €31.00k
  • Nils-Erik Eklund (73yo)

    Director

    • Tenure: 22.8yrs
    • Compensation: €32.00k
  • Agneta Karlsson (65yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: €32.00k
  • Erik Grönberg (76yo)

    Director

    • Tenure: 15.8yrs
    • Compensation: €32.00k
  • Stefan Lundqvist (48yo)

    Deputy Director

    • Tenure: 19.8yrs
    • Compensation: €5.00k
  • Johnny Rosenholm (48yo)

    Deputy Director

    • Tenure: 7.5yrs
    • Compensation: €6.00k
  • Ulrica Danielsson (54yo)

    Deputy Director

    • Tenure: 6.5yrs
    • Compensation: €7.00k
  • Peter Wiklöf (53yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: €30.00k

Company Information

Viking Line ABP's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Viking Line ABP
  • Ticker: VIK1V
  • Exchange: HLSE
  • Founded: 1959
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: €194.400m
  • Shares outstanding: 10.80m
  • Website: https://www.vikingline.fi

Number of Employees


Location

  • Viking Line ABP
  • Norragatan 4
  • PO Box 166
  • Mariehamn
  • Åland
  • 22100
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VIK1VHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURJul 1995
0GFYLSE (London Stock Exchange)YesShare CapitalGBEURJul 1995
VIK1VhBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURJul 1995

Biography

Viking Line ABP, together with its subsidiaries, provides passenger and cargo carrier services. The company offers its services using seven vessels between Finland, Sweden, and Estonia; and owns 13 buses.  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:37
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.