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

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SE:SKIS.B

SkiStar AB Class B

(SKIS.B)

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Neutral 65 (OpenAI - Gpt-5.6Sol)
Rating:65Neutral
Price Target:
kr173.00
▲(1.70% Upside)
Action:Reiterated
Date:09/19/26
The score is driven primarily by solid financial performance—strong TTM revenue growth, resilient operating profitability, and improved leverage—partly offset by weaker gross margin and uneven cash conversion. Technical signals are mildly negative with the stock trading below key moving averages and a negative MACD, while valuation looks fair with a moderate P/E and modest dividend yield.
Positive Factors
Revenue and operating profitability
The strong TTM revenue rebound alongside resilient operating and net margins indicates substantial demand for SkiStar’s integrated resort services. This combination supports earnings capacity, provides funds for destination investment, and suggests the business can retain meaningful profitability as activity normalizes.
Negative Factors
Gross-margin pressure
A sharp gross-margin decline signals pressure within the economics of SkiStar’s services, whether from higher operating costs or pricing constraints noted in the analysis. If sustained, weaker gross profit per unit of revenue could limit operating leverage and reduce the durability of earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and operating profitability
The strong TTM revenue rebound alongside resilient operating and net margins indicates substantial demand for SkiStar’s integrated resort services. This combination supports earnings capacity, provides funds for destination investment, and suggests the business can retain meaningful profitability as activity normalizes.
Read all positive factors

SkiStar AB Class B (SKIS.B) vs. iShares MSCI Sweden ETF (EWD)

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
Fundamentals are solid: TTM revenue rebounded strongly (+73%) with resilient profitability (~18% operating margin, ~13% net margin) and improved leverage (debt-to-equity down to ~0.69). Offsetting this are a sharp TTM gross margin drop and mixed cash conversion with historical free-cash-flow volatility (2023 negative FCF; TTM FCF covers less than half of net income).
Income Statement
78
Positive
Balance Sheet
67
Positive
Cash Flow
60
Neutral
BreakdownTTMAug 2025Aug 2024Aug 2023Aug 2022Aug 2021
Income Statement
Total Revenue4.89B4.63B4.69B4.28B4.09B2.75B
Gross Profit1.58B2.45B3.62B3.11B3.09B1.85B
EBITDA1.41B1.34B1.25B1.08B1.23B832.24M
Net Income590.76M552.61M473.25M402.37M666.52M238.12M
Balance Sheet
Total Assets8.95B8.76B8.68B8.76B7.97B6.87B
Cash, Cash Equivalents and Short-Term Investments59.00M20.08M24.63M31.07M24.61M26.56M
Total Debt3.09B3.73B4.02B4.30B3.61B3.18B
Total Liabilities4.25B4.80B5.03B5.28B4.61B4.10B
Stockholders Equity4.69B3.96B3.66B3.48B3.36B2.76B
Cash Flow
Free Cash Flow652.78M579.82M564.48M-97.96M445.09M104.41M
Operating Cash Flow1.25B1.11B1.08B669.36M1.24B698.50M
Investing Cash Flow-584.81M-473.76M-375.00M-852.72M-799.76M-630.23M
Financing Cash Flow-629.75M-638.40M-714.36M190.87M-441.53M-74.39M

SkiStar AB Class B Technical Analysis

Technical Analysis Sentiment
Negative
Last Price170.10
Price Trends
50DMA
163.82
Negative
100DMA
159.42
Negative
200DMA
163.26
Negative
Market Momentum
MACD
-1.11
Positive
RSI
38.24
Neutral
STOCH
24.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SKIS.B, the sentiment is Negative. The current price of 170.1 is above the 20-day moving average (MA) of 162.29, above the 50-day MA of 163.82, and above the 200-day MA of 163.26, indicating a bearish trend. The MACD of -1.11 indicates Positive momentum. The RSI at 38.24 is Neutral, neither overbought nor oversold. The STOCH value of 24.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SKIS.B.

SkiStar AB Class B Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
kr133.64M17.028.85%5.00%4.45%14.23%
65
Neutral
kr12.46B21.0214.29%1.90%3.05%9.10%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
56
Neutral
kr18.85B26.2725.12%2.93%2.84%-0.50%
52
Neutral
kr51.03M-15.37-4.97%―-11.44%73.71%
50
Neutral
kr3.84B49.081.82%7.76%-0.11%5.51%
48
Neutral
kr496.65M-4.31-11.64%4.39%-19.07%43.95%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:SKIS.B
SkiStar AB Class B
158.30
3.82
2.47%
SE:FOI.B
Fenix Outdoor International AG
290.00
-173.56
-37.44%
SE:USWE
USWE Sports AB
7.05
-9.95
-58.53%
SE:BOAT
Nimbus Group AB
11.85
-2.20
-15.66%
SE:SODER
Soder Sportfiske AB
16.00
-9.68
-37.70%
SE:SHOT
Scandic Hotels Group AB
88.80
2.03
2.34%
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.Date of analysis: Sep 19, 2026