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SkiStar AB Class B
(SKIS.B)
Select Model
Select Model
Rating:64Neutral
Price Target:
kr196.00
▲(15.23% Upside)
Action:Reiterated
Date:10/02/26
The score is primarily driven by solid operating profitability and an improving balance sheet, offset by uneven cash-flow conversion and recent weakness in free cash flow trends. Technicals are only moderately supportive with a negative MACD despite the price being above major moving averages, and valuation is fair-to-slightly rich given a ~22x P/E with a modest ~1.8% dividend yield.
Positive Factors
Integrated Resort Model
SkiStar’s integrated destinations monetize visitors across lift access, instruction, equipment, accommodation-related services and on-site spending. This broad model can increase revenue per guest and provides multiple ways to capture value from established resort traffic over the next several seasons.
Negative Factors
Uneven Free Cash Flow
Cash generation is positive overall but does not consistently match reported earnings, with substantial reinvestment or capital expenditure needs implied by the conversion rate. Volatile and recently declining free cash flow could constrain discretionary investment, dividends, or debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated Resort Model
SkiStar’s integrated destinations monetize visitors across lift access, instruction, equipment, accommodation-related services and on-site spending. This broad model can increase revenue per guest and provides multiple ways to capture value from established resort traffic over the next several seasons.
Read all positive factors
SkiStar AB Class B (SKIS.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr14.57B
Dividend Yield1.61%
Average Volume (3M)44.29K
Price to Earnings (P/E)23.2
Beta (1Y)0.49
Revenue Growth6.99%
EPS Growth13.65%
CountrySE
Employees1,646
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)8.01
Shares Outstanding74,728,060
10 Day Avg. Volume43,262
30 Day Avg. Volume44,291
Financial Highlights & Ratios
PEG Ratio1.51
Price to Book (P/B)2.82
Price to Sales (P/S)2.57
P/FCF Ratio20.27
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)9.3
Revenue Forecast (FY)kr5.27B
SkiStar AB Class B Business Overview & Revenue Model
Company Description
SkiStar AB (publ) owns and operates Alpine ski resorts in Sweden and Norway. The company operates through three segments: Operation of Mountain Resorts; Property Development and Exploitation; and Operation of Hotels. It is involved in ski and bike...
How the Company Makes Money
SkiStar primarily earns revenue by operating integrated mountain destinations and charging for access to and use of resort infrastructure and services. Key revenue streams include: (1) Lift and ski access: sale of lift passes and related ski produ...
SkiStar AB Class B Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
58
Neutral
| Breakdown | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.95B | 4.63B | 4.69B | 4.28B | 4.09B |
| Gross Profit | 819.00M | 2.45B | 3.62B | 3.11B | 3.09B |
| EBITDA | 1.40B | 1.34B | 1.25B | 1.08B | 1.22B |
| Net Income | 627.00M | 552.61M | 473.25M | 402.37M | 666.52M |
Balance Sheet | |||||
| Total Assets | 9.13B | 8.76B | 8.68B | 8.76B | 7.97B |
| Cash, Cash Equivalents and Short-Term Investments | 58.00M | 20.08M | 24.63M | 31.07M | 24.61M |
| Total Debt | 3.53B | 3.73B | 4.02B | 4.30B | 3.61B |
| Total Liabilities | 4.62B | 4.80B | 5.03B | 5.28B | 4.61B |
| Stockholders Equity | 4.51B | 3.96B | 3.66B | 3.48B | 3.36B |
Cash Flow | |||||
| Free Cash Flow | 628.00M | 579.82M | 564.48M | -97.96M | 445.09M |
| Operating Cash Flow | 1.22B | 1.11B | 1.08B | 669.36M | 1.24B |
| Investing Cash Flow | -616.00M | -473.76M | -375.00M | -852.72M | -799.76M |
| Financing Cash Flow | -570.00M | -638.40M | -714.36M | 190.87M | -441.53M |
SkiStar AB Class B Technical Analysis
Positive
170.10
Price Trends
167.30
Positive
164.54
Positive
163.64
Positive
Market Momentum
5.08
Negative
82.64
Negative
94.93
Negative
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 170.1 is below the 20-day moving average (MA) of 173.25, above the 50-day MA of 167.30, and above the 200-day MA of 163.64, indicating a bullish trend. The MACD of 5.08 indicates Negative momentum. The RSI at 82.64 is Negative, neither overbought nor oversold. The STOCH value of 94.93 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr170.86M | 15.66 | 12.07% | 3.96% | 7.93% | 94.40% | |
64 Neutral | kr14.57B | 23.21 | 14.70% | 1.61% | 6.99% | 13.65% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | kr22.22B | 30.56 | 25.12% | 2.52% | 2.84% | -0.50% | |
59 Neutral | kr4.35B | 44.41 | 2.35% | 6.96% | 1.03% | 15.81% | |
52 Neutral | kr44.60M | -13.62 | -4.97% | ― | -11.44% | 73.71% | |
52 Neutral | kr503.05M | -6.18 | -8.25% | 4.39% | -12.35% | 29.91% |
* Consumer Cyclical Sector Average
SE:SKIS.B
SkiStar AB Class B
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SkiStar AB Class B Corporate Events
SkiStar boosts earnings and dividend as Nordic mountain bookings climb
Sep 30, 2026
SkiStar reported improved full-year results for the period September 2025–August 2026, with net sales rising 8 percent to SEK 4,954 million and operating profit up 11 percent to SEK 872 million. Earnings per share increased 14 percent to SEK...
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.