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

• Market Cap: €13.18B
• Dividend Yield: 1.68%
• Average Volume (3M): 56.27K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 0.58
• Revenue Growth: 1.11%
• EPS Growth: 16.77%
• Country: SE
• Employees: 1,870
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -3.33
• 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: 66 Neutral
• Price Target: kr185.00 ▲(10.91% Upside)

SkiStar AB Class B's overall stock score reflects its solid financial position and positive technical indicators. The company's strong profitability and stable balance sheet are significant strengths. However, challenges in revenue growth and free cash flow generation, along with a moderate valuation, suggest a cautious outlook. The technical analysis indicates bullish momentum, but potential overbought conditions warrant attention.

Positive Factors

Diversified Revenue Streams

Diversified revenue streams from both winter and summer activities reduce seasonal dependency and enhance financial stability.

Strong Profit Margins

Strong profit margins indicate effective cost management and operational efficiency, supporting long-term profitability.

Stable Balance Sheet

A stable balance sheet with balanced leverage enhances financial resilience and supports sustainable growth.

Negative Factors

Revenue Growth Challenges

Challenges in revenue growth may hinder the company's ability to expand market share and drive future earnings growth.

Negative Free Cash Flow Growth

Negative free cash flow growth can limit the company's ability to invest in new opportunities and manage debt effectively.

Free Cash Flow Sustainability

Sustainability of free cash flow is crucial for long-term investment and debt servicing, impacting financial health.

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	TTM	Dec 2025	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	4.63B	4.63B	4.63B	4.69B	4.28B	4.09B
Gross Profit	2.45B	2.45B	2.45B	3.62B	3.11B	3.09B
EBITDA	1.34B	1.34B	1.34B	1.25B	1.08B	1.23B
Net Income	552.60M	552.61M	552.61M	473.25M	402.37M	666.52M
Balance Sheet
Total Assets	8.76B	8.76B	8.76B	8.68B	8.76B	7.97B
Cash, Cash Equivalents and Short-Term Investments	20.08M	20.08M	20.08M	24.63M	31.07M	24.61M
Total Debt	3.73B	3.73B	3.73B	4.02B	4.30B	3.61B
Total Liabilities	4.80B	4.80B	4.80B	5.03B	5.28B	4.61B
Stockholders Equity	3.96B	3.96B	3.96B	3.66B	3.48B	3.36B
Cash Flow
Free Cash Flow	577.25M	579.82M	579.82M	564.48M	-97.96M	445.09M
Operating Cash Flow	1.11B	1.11B	1.11B	1.08B	669.36M	1.24B
Investing Cash Flow	-473.76M	-473.76M	-473.76M	-375.00M	-852.72M	-799.76M
Financing Cash Flow	-638.40M	-638.40M	-638.40M	-714.36M	190.87M	-441.53M

SkiStar AB Class B Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 166.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Neutral. The current price of 166.8 is above the 20-day moving average (MA) of 165.08, above the 50-day MA of 161.01, and above the 200-day MA of 161.36, indicating a bullish trend. The MACD of 2.28 indicates Negative momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 55.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
BILI.A	69 Neutral	€11.80B	16.50	15.18%	4.66%	3.59%	0.80%
NEWA.B	66 Neutral	€14.74B	17.13	12.33%	3.12%	2.80%	-8.84%
SKIS.B	66 Neutral	€13.18B	23.86	14.44%	1.68%	1.11%	16.77%
MIPS	66 Neutral	kr7.99B	57.93	23.68%	2.11%	23.02%	32.69%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SHOT	61 Neutral	€20.02B	27.01	21.87%	5.61%	1.45%	34.85%
FOI.B	59 Neutral	kr7.15B	85.08	2.04%	2.42%	-2.98%	-30.48%

SkiStar AB Class B Corporate Events

SkiStar Reports Mixed Financial Results Amid Positive Winter Season Outlook

SkiStar’s interim report for September 2024 to May 2025 reveals a mixed financial performance, with a decrease in third-quarter net sales and operating profit, yet an increase in net sales and operating profit for the first nine months. Despite challenging weather conditions, the company maintains a positive outlook for the 2025/26 winter season, with booking volumes slightly up from the previous year. A notable development is the refinancing agreement with major banks, enhancing credit facilities and linking loans to sustainability performance, which could strengthen SkiStar’s financial position and sustainability efforts.

The most recent analyst rating on ($SE:SKIS.B) stock is a Hold with a SEK135.00 price target. To see the full list of analyst forecasts on SkiStar AB Class B stock, see the SE:SKIS.B Stock Forecast page.