Viking Line Abp (VIK1V) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Viking Line Abp €18.17, price €20.00, upside -9.2%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €8.91 – €22.23 · fair‑value band €12.68 – €23.67 · the €20.00 price screens above the €18.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Viking Line Abp, together with its subsidiaries, provides passenger and cargo carrier services. The company operates through five vessels on the northern Baltic Sea and in the Gulf of Finland. The company was founded in 1959 and is headquartered in Mariehamn, Finland.
Stock analysis
Viking Line Abp (VIK1V) currently trades at €20.00, while our model-based Fair Value estimate is €18.17, implying the stock looks roughly 10.1% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €17.45 per share, and 6 of the 24 models we run sit above the €20.00 price.
Bear case: the Earnings-Based group reads lowest at €3.41, and 18 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: €12.68 (bear) to €23.67 (bull), the price of €20.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Viking Line Abp reported revenue of €481M in FY2025 versus €258M in FY2021, a compound +16.8%/yr. Reported net income was €16.0M in FY2025, compounding −10.0%/yr from FY2021.
Key figures
Market cap €346M · P/E ratio 18.5 · P/S ratio 0.62 · EPS (TTM) €1.08 · Dividend yield 5.0% · Net margin 3.3% · Return on equity 6.2% · Return on assets (EBIT) 3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at −9%, VIK1V screens richer than that median.
Fair Value models
Bear €12.68Fair Value €18.17Bull €23.67
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.0587 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.6%
Start year 2020 (pandemic). Over 10 years: −1.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−0.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.1%
Dividend (yield on the price)5.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−27% → 4%
⚠ Revenue per share shrinking 8.1%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−1.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −3.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 233 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−9% · Below median
Profitability
Return on equity (TTM)6% · Below median
Return on assets2% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)−22% · Bottom 25%
Growth and dividend
Revenue growth−3% · Below median
Dividend yield (TTM)5.0% · Top 25%
Balance sheet
Debt / equity0.29× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Viking Line Abp Fair Value". https://www.fairvalue-calculator.com/stock/VIK1V
Frequently asked questions
Is Viking Line Abp (VIK1V) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €18.17 versus a price of €20.00, about −9% upside (fairly valued).
What is the fair value of VIK1V?
Our model-based fair value for Viking Line Abp is €18.17 (as of Sep 23, 2026), built from audited fundamentals. The current price: €20.00.
What is the quality score of VIK1V?
Viking Line Abp has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Viking Line Abp (VIK1V)?
Our model-based price target is the fair value of €18.17 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario €12.68, optimistic scenario €23.67. It is a calculation from audited fundamentals, not an analyst target.
What is the Viking Line Abp stock forecast for 2026?
Our models put fair value at €18.17, about −9% upside versus a price of €20.00 (fairly valued). Cautious scenario €12.68, optimistic scenario €23.67. The calculation is refreshed regularly with new filings.
What is the revenue of Viking Line Abp (VIK1V)?
Viking Line Abp reported trailing-twelve-month revenue of about €478M (latest available figure, as of Sep 23, 2026).
Does Viking Line Abp pay a dividend?
Viking Line Abp currently shows a dividend yield of about 5.00% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Viking Line Abp (VIK1V)?
For today's price to be fair in a discounted-cash-flow model, Viking Line Abp would have to grow free cash flow by -1.2 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of VIK1V use?
Our models discount Viking Line Abp at 9.9 %: a base by market capitalisation (small), damped by beta 0.08, country premium for Finland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Viking Line Abp that is -1.2 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Viking Line Abp (VIK1V) delivered so far?
Over the past 5 years revenue at Viking Line Abp grew +20.6 % a year. The price currently implies -1.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Viking Line Abp (VIK1V) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Viking Line Abp (-1.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Viking Line Abp (VIK1V)?
The free-cash-flow yield on the price is 11.05 %: that much free cash flow Viking Line Abp produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Viking Line Abp (VIK1V)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Viking Line Abp it is €18.17 per share (as of Sep 23, 2026), against a price of €20.00. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Viking Line Abp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, VIK1V trades above its calculated fair value: price €20.00, fair value €18.17, a gap of about −9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VIK1V?
No. The price is what the market pays today (€20.00); the fair value is what the company's own numbers justify (€18.17). For Viking Line Abp the two are €1.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is Viking Line Abp worth?
The market values Viking Line Abp at about €346M (market capitalisation, as of Sep 23, 2026). Per share that is €20.00; our models calculate a fair value of €18.17 per share.
What do the bullish and bearish scenarios say about VIK1V?
Our models span a range for Viking Line Abp: cautious scenario €12.68, base €18.17, optimistic €23.67 per share (as of Sep 23, 2026, price €20.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VIK1V?
Viking Line Abp trades at a price-to-earnings ratio of 18.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €18.17 is built from several models across several years. Other multiples: P/B 1.2, P/S 0.8, EV/EBITDA 9.7.
How solid is the balance sheet of Viking Line Abp (VIK1V)?
Balance-sheet figures for Viking Line Abp (as of Sep 23, 2026): return on equity 6.2%, debt of 0.29 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is VIK1V from its 52-week high?
Viking Line Abp trades at €20.00, about 8% below its 52-week high of €21.66 and 1% above the low of €19.71 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €18.17 is for.
Which stocks are comparable to Viking Line Abp?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Viking Line Abp stock attractive at the current price?
The data as of Sep 23, 2026: price €20.00, calculated fair value €18.17 (−9%), Quality Score 62/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VIK1V calculated?
We run Viking Line Abp through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €18.17, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Viking Line Abp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Viking Line Abp (VIK1V)?
The closing price on Sep 24, 2026 was €20.00. Our model-based fair value is €18.17, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Viking Line Abp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (€12.68 to €23.67) leaves room in how you read the outcome.
Key figures of Viking Line Abp
How large is the market capitalisation of Viking Line Abp (VIK1V)?
The market capitalisation of Viking Line Abp is €346M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Viking Line Abp (VIK1V)?
The price-to-sales ratio of Viking Line Abp is 0.62 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Viking Line Abp (VIK1V)?
Earnings per share at Viking Line Abp are €1.08 (price ÷ EPS = P/E 18.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Viking Line Abp (VIK1V)?
The dividend yield of Viking Line Abp is 5.0% (payout 92.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Viking Line Abp (VIK1V)?
The net margin of Viking Line Abp is 3.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Viking Line Abp (VIK1V)?
The return on equity (ROE) of Viking Line Abp is 6.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Viking Line Abp (VIK1V)?
On an EBIT basis the return on assets of Viking Line Abp is 3.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Viking Line Abp (VIK1V)?
The operating margin of Viking Line Abp is −22.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Viking Line Abp (VIK1V)?
Revenue at Viking Line Abp is growing −3.1% versus a year earlier (3y avg −0.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Viking Line Abp (VIK1V)?
Earnings per share at Viking Line Abp are growing +17.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Viking Line Abp (VIK1V) carry?
The net debt of Viking Line Abp is €65.8M (fiscal year 2025, ≈ 1.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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