Viking Supply Ships AB Class B (VSSAB.B) AI Stock Analysis

• Market Cap: €1.47B
• Dividend Yield: N/A
• Average Volume (3M): 617.00
• Price to Earnings (P/E): ―
• Beta (1Y): <0.01
• Revenue Growth: -13.25%
• EPS Growth: -147.05%
• Country: SE
• Employees: 148
• Sector: Services
• Sector Strength: N/A
• Industry: Marine Shipping
• EPS (TTM): -2.74
• Shares Outstanding: 12,533,704
• 10 Day Avg. Volume: 460
• 30 Day Avg. Volume: 617
• PEG Ratio: -0.05
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 1.79
• P/FCF Ratio: 22.94
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: kr124.00 ▲(6.90% Upside)

Viking Supply Ships AB Class B demonstrates a solid financial foundation with improving revenue and operational margins. The technical indicators suggest a positive trend, supporting the stock's current valuation. However, concerns about profitability and cash flow generation, along with the absence of a dividend yield, moderate the overall score.

Positive Factors

Operational Margins

Improved gross profit margin indicates effective cost management, enhancing operational efficiency and supporting long-term profitability.

Balance Sheet Strength

A low debt-to-equity ratio reflects conservative leverage, providing financial stability and flexibility for future investments.

Revenue Recovery

Positive revenue growth signifies recovery and potential market expansion, supporting long-term business sustainability.

Negative Factors

Cash Flow Challenges

Significant decline in free cash flow growth indicates cash generation issues, potentially impacting future investments and operations.

Profitability Concerns

Low net profit margin suggests limited profitability, which could hinder reinvestment and growth opportunities over the long term.

Cash Generation Ability

Moderate cash generation relative to net income indicates potential liquidity constraints, affecting operational and strategic flexibility.

Viking Supply Ships AB Class B Business Overview & Revenue Model

Company Description

Viking Supply Ships AB Class B (VSSAB.B) is a Swedish shipping company focused on providing maritime services primarily in the oil and gas sector. The company operates a fleet of specialized vessels, including anchor handling tug supply (AHTS) ships, platform supply vessels (PSVs), and ice-class vessels, catering to offshore operations in harsh environments. VSSAB.B is committed to delivering reliable and efficient services, emphasizing safety and environmental sustainability in its operations.

How the Company Makes Money

Viking Supply Ships AB generates revenue primarily through the chartering of its vessels to oil and gas companies for offshore exploration and production activities. The company enters into long-term and short-term contracts, which provide a steady income stream based on vessel utilization rates. Key revenue streams include day rates from vessel charters, additional services such as crew management and maintenance, and specialized operations in challenging environments like the Arctic. Significant partnerships with major oil operators and participation in joint ventures further bolster its earnings potential, enhancing its market presence and operational capabilities.

Viking Supply Ships AB Class B Financial Statement Overview

Summary

Viking Supply Ships AB Class B shows signs of recovery with improving revenue and operational margins. The balance sheet remains strong with low leverage, but profitability and cash flow generation are areas of concern. The company needs to focus on enhancing profitability and cash flow to sustain growth and financial stability.

Income Statement

The income statement shows a positive trend with a revenue growth rate of 4.78% TTM, indicating a recovery from previous years. Gross profit margin improved to 38.59% TTM, reflecting better cost management. However, the net profit margin is relatively low at 2.22% TTM, suggesting limited profitability. The EBIT and EBITDA margins have improved to 16.56% and 24.90% TTM, respectively, indicating better operational efficiency.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.29 TTM, indicating conservative leverage. The equity ratio stands at 72.73% TTM, showing a solid equity base. However, the return on equity is low at 0.83% TTM, suggesting that the company is not generating significant returns on its equity.

Cash Flow

The cash flow statement reveals challenges with a significant decline in free cash flow growth at -73.80% TTM. The operating cash flow to net income ratio is 0.45 TTM, indicating moderate cash generation relative to net income. The free cash flow to net income ratio is 0.47 TTM, suggesting limited free cash flow relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	742.00M	679.00M	607.15M	577.02M	311.49M	285.93M
Gross Profit	186.00M	231.00M	143.70M	90.16M	-41.49M	-108.18M
EBITDA	168.00M	226.90M	28.71M	97.66M	-43.48M	-110.86M
Net Income	-64.00M	111.00M	-88.39M	7.96M	-117.90M	-191.07M
Balance Sheet
Total Assets	2.99B	2.99B	2.79B	2.13B	1.85B	1.69B
Cash, Cash Equivalents and Short-Term Investments	144.00M	158.00M	171.51M	159.43M	114.67M	123.84M
Total Debt	934.00M	716.00M	770.36M	10.78M	8.78M	3.40M
Total Liabilities	1.07B	818.00M	902.31M	119.58M	98.31M	82.04M
Stockholders Equity	1.91B	2.17B	1.89B	2.02B	1.75B	1.61B
Cash Flow
Free Cash Flow	-11.00M	52.90M	-67.17M	54.31M	-75.48M	-83.09M
Operating Cash Flow	119.00M	60.46M	52.99M	81.80M	-57.11M	-62.88M
Investing Cash Flow	-563.00M	-118.85M	-129.85M	-33.97M	-57.39M	-28.25M
Financing Cash Flow	375.00M	-100.51M	91.79M	-4.77M	97.52M	-4.92M

Viking Supply Ships AB Class B Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 116.00
• 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:VSSAB.B, the sentiment is Neutral. The current price of 116 is above the 20-day moving average (MA) of 114.10, above the 50-day MA of 113.29, and above the 200-day MA of 112.17, indicating a neutral trend. The MACD of 0.52 indicates Negative momentum. The RSI at 49.91 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:VSSAB.B.

Viking Supply Ships AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SVIK	67 Neutral	€2.21B	218.89	5.48%	0.67%	3.86%	-28.91%
VSSAB.B	66 Neutral	€1.47B	-92.14	-0.26%	―	-13.25%	-147.05%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ELTEL	50 Neutral	€1.33B	98.49	0.72%	―	-6.38%	―
SALT.B	39 Underperform	kr992.39M	-14.46	-40.77%	―	11.85%	6.39%