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Viva Wine Group AB
(VIVA)
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Rating:65Neutral
Price Target:
kr41.00
▲(7.61% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by mid-range fundamentals: improving margins and strong, improving free cash flow are partially offset by a clear rise in leverage and still-thin net margins. Technically, the stock shows constructive momentum (above key moving averages with positive MACD), while valuation is reasonable (P/E ~16 and ~2.1% dividend yield) but not a standout catalyst.
Positive Factors
Revenue and Operating Improvement
Recent top-line growth combined with better gross and operating margins indicates improved execution and efficiency. If sustained, this can support stronger earnings quality and provide a durable base for profitability despite a mature Nordic market.
Negative Factors
Higher Financial Leverage
The sharp increase in borrowing reduces balance-sheet flexibility and raises sensitivity to weaker margins, working-capital needs, or operating disruption. Higher leverage may also constrain strategic investment and increase the importance of consistent cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Operating Improvement
Recent top-line growth combined with better gross and operating margins indicates improved execution and efficiency. If sustained, this can support stronger earnings quality and provide a durable base for profitability despite a mature Nordic market.
Read all positive factors
Viva Wine Group AB (VIVA) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.44B
Dividend Yield2.07%
Average Volume (3M)225.13K
Price to Earnings (P/E)16.6
Beta (1Y)0.23
Revenue Growth40.87%
EPS Growth26.15%
CountrySE
Employees466
SectorGeneral
Sector StrengthN/A
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)2.32
Shares Outstanding89,631,880
10 Day Avg. Volume297,251
30 Day Avg. Volume225,134
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)2.7
Revenue Forecast (FY)kr6.40B
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 products to alcohol retailers and distributors, with revenue primarily recognized from the sale of bottled wine under (1) its own brands and (2) private-label/customer-specific brands. Key revenue stream...
Viva Wine Group AB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
56
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.24B | 5.50B | 4.21B | 3.98B | 3.83B | 3.33B |
| Gross Profit | 522.00M | 426.00M | 862.00M | 248.00M | 870.00M | 783.00M |
| EBITDA | 499.00M | 420.00M | 445.00M | 280.00M | 496.00M | 614.00M |
| Net Income | 207.00M | 207.00M | 170.00M | 106.00M | 254.00M | 414.00M |
Balance Sheet | ||||||
| Total Assets | 5.24B | 5.00B | 3.71B | 3.63B | 3.90B | 3.81B |
| Cash, Cash Equivalents and Short-Term Investments | 111.00M | 90.00M | 31.00M | 94.00M | 339.00M | 331.00M |
| Total Debt | 1.45B | 1.38B | 558.00M | 617.00M | 831.00M | 876.00M |
| Total Liabilities | 3.42B | 3.22B | 1.98B | 1.91B | 2.04B | 2.08B |
| Stockholders Equity | 1.61B | 1.61B | 1.66B | 1.65B | 1.77B | 1.66B |
Cash Flow | ||||||
| Free Cash Flow | 354.00M | 317.00M | 241.00M | 180.00M | 281.00M | 49.00M |
| Operating Cash Flow | 378.00M | 324.00M | 245.00M | 212.00M | 286.00M | 158.00M |
| Investing Cash Flow | -13.00M | -637.00M | -51.00M | -35.00M | -5.00M | -1.59B |
| Financing Cash Flow | -349.00M | 372.00M | -258.00M | -422.00M | -281.00M | 1.71B |
Viva Wine Group AB Technical Analysis
Positive
38.10
Price Trends
38.14
Positive
34.26
Positive
33.72
Positive
Market Momentum
0.26
Positive
64.39
Neutral
76.00
Neutral
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 38.1 is below the 20-day moving average (MA) of 38.24, below the 50-day MA of 38.14, and above the 200-day MA of 33.72, indicating a bullish trend. The MACD of 0.26 indicates Positive momentum. The RSI at 64.39 is Neutral, neither overbought nor oversold. The STOCH value of 76.00 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | kr3.44B | 16.55 | ― | 2.07% | 40.87% | 26.15% | |
62 Neutral | kr454.30M | 16.87 | ― | 1.34% | 21.94% | 53.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr3.61B | 40.89 | ― | ― | 7.07% | ― | |
49 Neutral | kr528.08M | -8.21 | ― | ― | 7.99% | 33.84% | |
44 Neutral | kr473.12M | -18.11 | ― | ― | -15.73% | 26.82% | |
40 Underperform | kr11.76M | -0.84 | ― | ― | -21.49% | 69.53% |
* General Sector Average
SE:VIVA
Viva Wine Group AB
38.60
2.04
5.58%
SE:BHG
BHG Group AB
20.14
-7.14
-26.17%
SE:ARCTIC
Arctic Blue Beverages AB
0.14
-0.35
-70.97%
SE:BOHO
Boho Group AB (publ)
7.90
1.44
22.29%
SE:SNX
Premium Snacks Nordic AB
33.50
-6.85
-16.97%
SE:CDON
CDON AB
46.50
-17.50
-27.34%
Viva Wine Group AB Corporate Events
Viva Wine Group lifts sales on acquisitions as takeover bid emerges
Aug 20, 2026
Viva Wine Group AB reported strong acquisition-driven growth in the second quarter of 2026, with net sales rising 21.2% to SEK 1,623 million, primarily due to the purchases of Delta Wines and Alpha Brands, while organic sales declined 3.7%. Adjust...
Viva Wine Group Says Aglaja AB Drops Claim Over Giertz Acquisition
Aug 14, 2026
Viva Wine Group AB has announced that Aglaja AB has withdrawn a previously issued letter of claim related to Viva Wine Group’s 2019 acquisition of shares in its subsidiary Giertz Vinimport AB. Aglaja AB has confirmed it no longer asserts any...
Viva Wine Group Sets Date for Q2 2026 Results Presentation
Aug 13, 2026
Viva Wine Group AB, a major European wine supplier, serves monopoly markets, retail chains, restaurants and end consumers with a wide range of branded wines, relying on a decentralised structure to spur innovation while capturing group-wide synerg...
Viva Wine Group Disputes SEK 125–155 Million Claim Linked to 2019 Acquisition
Aug 3, 2026
Viva Wine Group AB has received a letter of claim from Aglaja AB related to the 2019 acquisition of shares in its subsidiary Giertz Vinimport AB, with Aglaja asserting a preliminary claim of SEK 125–155 million. The company says it will disp...
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...
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.