SkiStar AB Class B (SKIS.B) AI Stock Analysis

• Market Cap: kr12.91B
• Dividend Yield: 1.79%
• Average Volume (3M): 56.27K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.63
• Revenue Growth: 1.80%
• EPS Growth: 28.19%
• Country: SE
• Employees: 1,870
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -5.00
• Shares Outstanding: 74,728,060
• 10 Day Avg. Volume: 54,776
• 30 Day Avg. Volume: 56,269
• PEG Ratio: 1.34
• Price to Book (P/B): 3.13
• Price to Sales (P/S): 2.68
• P/FCF Ratio: 21.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: kr180.00 ▲(7.33% Upside)

SkiStar AB Class B's overall stock score is driven by strong financial performance, particularly in revenue growth and profitability, despite some operational efficiency challenges. Technical analysis supports a positive trend, while valuation suggests a premium price. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Diversification

The diversification into summer tourism activities helps stabilize revenue streams beyond the winter season, reducing seasonal dependency.

Revenue Growth

Robust revenue growth indicates effective market expansion and strong demand for SkiStar's offerings, supporting long-term business sustainability.

Profitability

Strong profit margins reflect efficient cost management and pricing power, contributing to the company's financial health and competitive positioning.

Negative Factors

Operational Efficiency

Decreasing margins suggest challenges in maintaining operational efficiency, which could impact profitability if not addressed.

Free Cash Flow

A decline in free cash flow can indicate potential liquidity issues, limiting the company's ability to invest in growth or weather economic downturns.

Debt Reliance

High reliance on debt can increase financial risk, especially in economic downturns, affecting long-term stability and flexibility.

SkiStar AB Class B Business Overview & Revenue Model

Company Description

SkiStar AB (publ) owns and operates Alpine mountain resorts in Sweden, Norway, and Austria. The company operates in three segments: Operation of Mountain Resorts; Property Development & Exploitation; and Operation of Hotels. It offers skiing/ski lifts/ski passes, accommodation, ski rental, and property services. The company also operates ski schools; and sporting goods in stores and Skistarshop.com, an online store. In addition, it organizes events, as well as engages in advertising sales, kiosks, and Ski Direct card businesses; and offers climbing parks, trail cycling, padel courts, and crazy golf facilities. Further, the company is involved in the investment, development, and sale of lands and other properties; sale of unit weeks in Vacation Club; rental of accommodation; and invests in snow parks. Additionally, it operates hotels under the SkiStar brand name that provides accommodation, restaurants, and other goods and services. The company operates a network of 29 ski rental outlets, including nine in Sälen, nine in Åre, six in Vemdalen, two in Hemsedal, and three in Trysil; and two sporting goods stores in Sälen and Vemdalen, as well as owns and operates SkiStarShop Concept Stores in Åre and Hemseda. SkiStar AB (publ) is headquartered in Sälen, Sweden.

How the Company Makes Money

SkiStar AB generates revenue primarily through the sale of ski passes and accommodation services at its resorts. The company also earns income from ski school lessons, equipment rentals, and retail sales of sports goods. Additionally, SkiStar benefits from owning and operating destination properties, which include hotels and cabins, contributing to its accommodation revenue. Strategic partnerships and collaborations with travel agencies and local businesses further enhance its revenue streams. In the summer months, SkiStar diversifies its income by offering activities such as hiking, cycling, and other recreational events, thereby extending the seasonal use of its resorts.

SkiStar AB Class B Financial Statement Overview

Summary

SkiStar AB Class B shows a mixed financial performance. While it maintains strong profitability and a stable balance sheet, challenges in revenue growth and free cash flow generation could impact future performance. Effective cost management and operational leverage are positive, but attention to cash flow and debt management is crucial.

Income Statement

SkiStar AB Class B shows a mixed performance in its income statement. The company has experienced a slight decline in revenue growth rate recently, indicating potential challenges in maintaining its growth trajectory. However, the company maintains a healthy gross profit margin and net profit margin, suggesting strong operational efficiency and profitability. The EBIT and EBITDA margins are also robust, reflecting effective cost management and operational leverage.

Balance Sheet

The balance sheet of SkiStar AB Class B is relatively stable, with a moderate debt-to-equity ratio indicating a balanced approach to leveraging. The return on equity is commendable, showcasing the company's ability to generate returns on shareholders' investments. The equity ratio is solid, reflecting a strong capital structure. However, the company should monitor its debt levels to ensure long-term financial stability.

Cash Flow

The cash flow statement reveals some areas of concern, particularly with the negative free cash flow growth rate, which suggests challenges in generating cash from operations. The operating cash flow to net income ratio is reasonable, indicating that the company is converting its earnings into cash effectively. However, the free cash flow to net income ratio is lower, highlighting potential issues in sustaining free cash flow levels.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.63B	4.69B	4.28B	4.09B	2.75B
Gross Profit	2.45B	3.62B	3.11B	3.09B	1.85B
EBITDA	1.34B	1.25B	1.08B	1.23B	832.24M
Net Income	552.61M	473.25M	402.37M	666.52M	238.12M
Balance Sheet
Total Assets	8.76B	8.68B	8.76B	7.97B	6.87B
Cash, Cash Equivalents and Short-Term Investments	20.08M	24.63M	31.07M	24.61M	26.56M
Total Debt	3.73B	4.02B	4.30B	3.61B	3.18B
Total Liabilities	4.80B	5.03B	5.28B	4.61B	4.10B
Stockholders Equity	3.96B	3.66B	3.48B	3.36B	2.76B
Cash Flow
Free Cash Flow	579.82M	564.48M	-97.96M	445.09M	104.41M
Operating Cash Flow	1.11B	1.08B	669.36M	1.24B	698.50M
Investing Cash Flow	-473.76M	-375.00M	-852.72M	-799.76M	-630.23M
Financing Cash Flow	-638.40M	-714.36M	190.87M	-441.53M	-74.39M

SkiStar AB Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 167.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SKIS.B, the sentiment is Positive. The current price of 167.7 is below the 20-day moving average (MA) of 168.13, above the 50-day MA of 163.88, and above the 200-day MA of 159.05, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 46.13 is Neutral, neither overbought nor oversold. The STOCH value of 27.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SKIS.B.

SkiStar AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MIPS	72 Outperform	kr9.46B	68.53	23.68%	1.85%	23.02%	32.69%
BILI.A	69 Neutral	kr12.18B	17.03	15.18%	4.43%	3.59%	0.80%
NEWA.B	66 Neutral	kr14.95B	18.18	12.33%	3.12%	2.80%	-8.84%
SKIS.B	65 Neutral	kr12.91B	22.65	16.20%	1.79%	1.80%	28.19%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SHOT	61 Neutral	kr20.79B	28.05	21.87%	5.28%	1.45%	34.85%
FOI.B	57 Neutral	kr6.44B	76.67	2.04%	6.24%	-2.98%	-30.48%

SkiStar AB Class B Corporate Events

SkiStar Shows Growth Momentum with Nasdaq Large Cap Transition

SkiStar reported a strong first quarter for the fiscal year 2025/2026, with an 11% increase in net sales to SEK 236 million and an improvement in operating profit. Although cash flow decreased slightly, the company’s equity/assets ratio showed slight growth. Notably, SkiStar’s Class B share will transition to the Nasdaq Stockholm Large Cap segment in January 2026, signaling confidence in its market positioning. While demand for mountain holidays remains stable, booking volumes were marginally lower compared to the previous year.

The most recent analyst rating on ($SE:SKIS.B) stock is a Hold with a SEK185.00 price target. To see the full list of analyst forecasts on SkiStar AB Class B stock, see the SE:SKIS.B Stock Forecast page.

SkiStar AB Announces Key Decisions at Annual General Meeting

At the annual general meeting of SkiStar AB, several key decisions were made, including the approval of a SEK 3.00 per share dividend and the re-election of board members, with Anders Sundström continuing as chairman. The board was also authorized to issue new class B shares and to make decisions on the purchase and transfer of the company’s own shares. These resolutions align with the company’s strategic goals and are expected to impact its operational flexibility and shareholder value positively.

The most recent analyst rating on ($SE:SKIS.B) stock is a Hold with a SEK185.00 price target. To see the full list of analyst forecasts on SkiStar AB Class B stock, see the SE:SKIS.B Stock Forecast page.

SkiStar AB to Release Q1 2025/26 Interim Report with Web Presentation

SkiStar AB announced it will release its Interim Report for the first quarter of the 2025/26 fiscal year on December 18, 2025. The company will host a conference call and web presentation to discuss the report, featuring CEO Stefan Sjöstrand and CFO Sara J Uggelberg. This event is an opportunity for stakeholders to gain insights into SkiStar’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on ($SE:SKIS.B) stock is a Hold with a SEK185.00 price target. To see the full list of analyst forecasts on SkiStar AB Class B stock, see the SE:SKIS.B Stock Forecast page.

SkiStar AB Announces December 2025 Annual General Meeting

SkiStar AB has announced its Annual General Meeting (AGM) scheduled for December 13, 2025, at Experium in Lindvallen, Sälen. Shareholders are required to register by December 9, 2025, to participate, either in person, by proxy, or through advance voting. This meeting is crucial for stakeholders as it involves key decisions and voting on agenda items proposed by the Board and the Nomination Committee.

The most recent analyst rating on ($SE:SKIS.B) stock is a Buy with a SEK173.00 price target. To see the full list of analyst forecasts on SkiStar AB Class B stock, see the SE:SKIS.B Stock Forecast page.