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

• Market Cap: kr1.50B
• Dividend Yield: N/A
• Average Volume (3M): 749.00
• Price to Earnings (P/E): 19.0
• Beta (1Y): -0.10
• Revenue Growth: -3.65%
• EPS Growth: N/A
• Country: SE
• Employees: 148
• Sector: Services
• Sector Strength: N/A
• Industry: Marine Shipping
• EPS (TTM): 6.61
• Shares Outstanding: 12,533,704
• 10 Day Avg. Volume: 830
• 30 Day Avg. Volume: 749
• 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: kr117.99
• Price Target Upside: 3.50% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 60 Neutral
• Price Target: kr118.00 ▲(3.51% Upside)

The overall stock score of 60 reflects strong financial performance with revenue growth and operational improvements, but ongoing profitability challenges. Technical indicators suggest a neutral to slightly bearish trend, and the valuation is reasonable. The absence of earnings call and corporate events data limits further insights.

Viking Supply Ships AB Class B Business Overview & Revenue Model

Company Description

Viking Supply Ships AB (publ) provides offshore and icebreaking services to oil-prospecting customers in the North Sea, Arctic, and Subarctic waters. It operates through four segments: Ice-Classed Anchor Handling Tug Supply Ships (AHTS), Ice- Classe Platform Support Vessels (PSV), Ice Management and Services, and Ship Management. The Ice-Classed AHTS segment operates ice-breaking and ice-classified AHTS vessels, which are used for icebreaking and for assignments in the offshore industry repositioning of rigs and anchors. The Ice- Classe PSV segment owns and delivers Coey and Cooper Viking ice-classed PSV vessels in Nothsea spot market. The Ice Management and Services segment provides consultancy services for ice management services and logistical support in the Arctic regions. The Ship Management segment delivers ship management for the Swedish Maritime Administration's five icebreakers. The company was formerly known as Rederi AB TransAtlantic (publ) and changed its name to Viking Supply Ships AB (publ) in April 2015. Viking Supply Ships AB (publ) was founded in 1946 and is headquartered in Stenungsund, Sweden. Viking Supply Ships AB (publ) is a subsidiary of Viking Invest AS.

How the Company Makes Money

Viking Supply Ships AB generates revenue through charter contracts with oil and gas companies, offering specialized vessels and expertise for offshore operations in challenging environments. The company's key revenue streams include long-term and spot charter agreements, where clients lease vessels on a contractual basis, ensuring a steady income flow. Additionally, Viking Supply Ships AB engages in strategic partnerships with energy companies to provide integrated logistics solutions, leveraging its fleet's unique capabilities to support exploration and production activities in remote and icy waters. The company's earnings are significantly influenced by the demand for offshore services in the oil and gas sector, particularly in regions requiring ice management and icebreaking capabilities.

Viking Supply Ships AB Class B Financial Statement Overview

Summary

Viking Supply Ships AB Class B shows strong revenue growth and operational improvements, but profitability challenges persist. The balance sheet is solid with strong equity backing, although recent net losses affect return metrics. Cash flow management shows improvement, though inconsistencies in free cash flow highlight potential volatility.

Income Statement

The company shows a positive trajectory in revenue growth with a significant increase from the previous periods. However, profitability is a concern as the TTM net income turned negative, resulting in a negative net profit margin. The EBIT margin shows improvement in the TTM period, indicating better operational efficiency, but the EBITDA margin has decreased compared to the previous year.

Balance Sheet

The company's financial stability is fairly strong with a good equity ratio and low leverage, as indicated by a manageable debt-to-equity ratio. Return on equity is negative in the TTM period due to negative net income, but the overall equity position remains robust.

Cash Flow

The company's cash flow position is mixed. The operating cash flow to net income ratio is healthy, suggesting good cash generation relative to earnings. The free cash flow has increased significantly in the TTM period, showing improvement, but fluctuations in free cash flow growth and potential over-reliance on financing activities pose risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	767.00M	679.00M	607.15M	577.02M	311.49M	285.93M
Gross Profit	296.00M	231.00M	143.70M	90.16M	-41.49M	-108.18M
EBITDA	191.00M	226.90M	28.71M	97.66M	-43.48M	-110.86M
Net Income	17.00M	111.00M	-88.39M	7.96M	-117.90M	-191.07M
Balance Sheet
Total Assets	2.70B	2.99B	2.79B	2.13B	1.85B	1.69B
Cash, Cash Equivalents and Short-Term Investments	47.00M	158.00M	171.51M	159.43M	114.67M	123.84M
Total Debt	571.00M	716.00M	770.36M	10.78M	8.78M	3.40M
Total Liabilities	737.00M	818.00M	902.31M	119.58M	98.31M	82.04M
Stockholders Equity	1.96B	2.17B	1.89B	2.02B	1.75B	1.61B
Cash Flow
Free Cash Flow	49.00M	52.90M	-67.17M	54.31M	-75.48M	-83.09M
Operating Cash Flow	104.00M	60.46M	52.99M	81.80M	-57.11M	-62.88M
Investing Cash Flow	-227.00M	-118.85M	-129.85M	-33.97M	-57.39M	-28.25M
Financing Cash Flow	-13.00M	-100.51M	91.79M	-4.77M	97.52M	-4.92M

Viking Supply Ships AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 114.00
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 114 is above the 20-day moving average (MA) of 111.33, above the 50-day MA of 113.54, and above the 200-day MA of 108.05, indicating a neutral trend. The MACD of -0.38 indicates Negative momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 54.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	63 Neutral	kr1.89B	193.67	2.69%	0.84%	3.95%	-80.76%
VSSAB.B	60 Neutral	kr1.50B	18.99	4.35%	―	-3.65%	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
SALT.B	47 Neutral	€1.49B	―	-39.65%	―	-1.27%	-29.29%
ELTEL	45 Neutral	kr1.41B	―	-1.65%	―	-6.41%	90.48%