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Viva Wine Group AB
(VIVA)
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Rating:64Neutral
Price Target:
kr41.00
▲(15.82% Upside)
Action:Reiterated
Date:05/09/26
Overall score is supported primarily by solid financial execution (notably strong cash conversion and re-accelerating revenue) and attractive valuation (low P/E and ~4.8% yield). These positives are tempered by weaker technical momentum (trading below key moving averages with a negative MACD) and fundamental risks from thinner/volatile margins and higher leverage versus recent years.
Positive Factors
Cash generation
TTM free cash flow roughly matching net income signals strong cash conversion and operational cash generation. Durable free cash flow supports capex, working capital, dividends and servicing debt, enhancing financial flexibility and resilience over a multi-month horizon.
Negative Factors
Thin margins
A net margin near 3.7% with historical volatility leaves limited buffer against input-cost inflation or price pressure. Low, variable margins increase sensitivity of profitability and free cash flow to adverse mix or cost moves, constraining durable earnings resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
TTM free cash flow roughly matching net income signals strong cash conversion and operational cash generation. Durable free cash flow supports capex, working capital, dividends and servicing debt, enhancing financial flexibility and resilience over a multi-month horizon.
Read all positive factors
Viva Wine Group AB (VIVA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.41B
Dividend Yield4.4%
Average Volume (3M)24.05K
Price to Earnings (P/E)16.0
Beta (1Y)0.02
Revenue Growth41.66%
EPS Growth38.15%
CountrySE
Employees282
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)2.37
Shares Outstanding89,631,880
10 Day Avg. Volume20,867
30 Day Avg. Volume24,055
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)1.94
Price to Sales (P/S)0.57
P/FCF Ratio9.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.62
Revenue Forecast (FY)kr6.43B
Viva Wine Group AB Business Overview & Revenue Model
Company Description
Viva Wine Group AB manages the entire lifecycle of wines and spirits, from their development and production to marketing, importation, and distribution. The company's operations are structured into four key divisions: Sweden, the Nordic region, E-...
How the Company Makes Money
Viva Wine Group makes money by selling wine to customers across the Nordic markets, generating revenue primarily from the wholesale/distribution of wine products. Key revenue streams include (1) sales into the Nordic retail monopoly channels (e.g....
Viva Wine Group AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.95B | 5.50B | 4.21B | 3.98B | 3.83B | 3.33B |
| Gross Profit | 705.00M | 426.00M | 862.00M | 248.00M | 870.00M | 783.00M |
| EBITDA | 504.00M | 420.00M | 445.00M | 280.00M | 496.00M | 614.00M |
| Net Income | 211.00M | 207.00M | 170.00M | 106.00M | 254.00M | 414.00M |
Balance Sheet | ||||||
| Total Assets | 5.05B | 5.00B | 3.71B | 3.63B | 3.90B | 3.81B |
| Cash, Cash Equivalents and Short-Term Investments | 79.00M | 90.00M | 31.00M | 94.00M | 339.00M | 331.00M |
| Total Debt | 1.37B | 1.38B | 558.00M | 617.00M | 831.00M | 876.00M |
| Total Liabilities | 3.20B | 3.22B | 1.98B | 1.91B | 2.04B | 2.08B |
| Stockholders Equity | 1.65B | 1.61B | 1.66B | 1.65B | 1.77B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | 309.00M | 317.00M | 241.00M | 180.00M | 281.00M | 49.00M |
| Operating Cash Flow | 334.00M | 324.00M | 245.00M | 212.00M | 286.00M | 158.00M |
| Investing Cash Flow | -581.00M | -637.00M | -51.00M | -35.00M | -5.00M | -1.59B |
| Financing Cash Flow | 298.00M | 372.00M | -258.00M | -422.00M | -281.00M | 1.71B |
Viva Wine Group AB Technical Analysis
Positive
35.40
Price Trends
30.64
Positive
31.20
Positive
33.14
Positive
Market Momentum
-0.64
Positive
29.64
Positive
9.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VIVA, the sentiment is Positive. The current price of 35.4 is above the 20-day moving average (MA) of 29.92, above the 50-day MA of 30.64, and above the 200-day MA of 33.14, indicating a bullish trend. The MACD of -0.64 indicates Positive momentum. The RSI at 29.64 is Positive, neither overbought nor oversold. The STOCH value of 9.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:VIVA.
Viva Wine Group AB Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | kr14.19B | 18.70 | 14.28% | 2.74% | 0.47% | 20.22% | |
69 Neutral | kr2.09B | 24.41 | -0.17% | 2.34% | -3.99% | 123.69% | |
65 Neutral | kr9.50B | 23.68 | ― | 2.56% | 8.70% | 47.82% | |
64 Neutral | kr3.41B | 16.03 | ― | 4.40% | 41.66% | 38.15% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | kr3.72B | 13.16 | 9.34% | 4.83% | -1.56% | 16.94% | |
55 Neutral | kr2.97B | 92.83 | 0.87% | ― | 4.55% | -71.28% |
* Consumer Defensive Sector Average
SE:VIVA
Viva Wine Group AB
38.00
-1.29
-3.28%
SE:CLA.B
Cloetta AB
49.18
15.55
46.22%
SE:MSON.B
Midsona AB Class B
14.40
5.79
67.31%
SE:DUNI
Duni AB
79.10
-9.78
-11.00%
SE:HUMBLE
Humble Group AB
6.60
-1.72
-20.67%
SE:SCST
Scandi Standard AB
145.40
49.08
50.96%
Viva Wine Group AB Corporate Events
Viva Wine Group Board Backs SEK 3.45 Billion Takeover by Riesling Ventures
Jun 29, 2026
Viva Wine Group AB’s independent bid committee has unanimously recommended that shareholders accept a public cash takeover offer from Riesling Ventures AB at SEK 38.5 per share, valuing the company at about SEK 3.45 billion. The offer repres...
Viva Wine Group’s Acquisition-Driven Sales Growth Meets Margin Pressure Ahead of Takeover
Jun 29, 2026
Viva Wine Group reported net sales of SEK 1,032 million for the period 1 April to 31 May 2026, a year-on-year increase of 33.2 percent largely driven by the acquisitions of Delta Wines and Alpha Brands. Despite this topline boost, organic growth d...
Viva Wine Group AGM Backs Higher Dividend, New Mandates and Long-Term Incentive Plan
May 22, 2026
Viva Wine Group AB’s 2026 annual general meeting approved the company’s income statements and balance sheets and raised the dividend to SEK 1.60 per share, to be paid in two instalments during the year. The board and CEO were discharge...
Viva Wine Group lifts sales and profit on acquisitions and NoLo push
May 7, 2026
Viva Wine Group reported a strong start to 2026, with first-quarter net sales jumping 50.9% to SEK 1,351 million, mainly driven by the acquisition of Delta Wines, while organic growth of 2.0% and both segments contributed to higher volumes. Profit...
Viva Wine Group Sets 7 May Webcast for Q1 2026 Results
Apr 30, 2026
Viva Wine Group will publish its report for the first quarter of 2026 on 7 May at 07:00 a.m. CET and follow the release with a webcast and telephone conference at 11:00 a.m. the same day. CEO Emil Sallnäs and CFO/Deputy CEO Linn Gäfvert ...
Viva Wine Group Releases 2025 Annual and Sustainability Report
Apr 23, 2026
Viva Wine Group has published its 2025 Annual Sustainability Report, detailing its performance, strategic framework, and market positioning across B2B and B2C wine segments. The report consolidates audited financial statements, a statutory sustai...
Viva Wine Group Calls AGM and Proposes Higher Split Dividend for 2025
Apr 21, 2026
Viva Wine Group AB has convened its annual general meeting for 22 May 2026 in Stockholm, setting out standard AGM procedures including election of the chair, board and auditor decisions, and the approval of financial statements and remuneration po...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.