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Why Viking Line stock moves

Viking Line was roughly unchanged, a normal day for the stock.

Written after the close on ·

Why today

16,210 news analyzed today

Viking Line was roughly unchanged, a normal day for the stock.

Over the last five trading days it rose clearly, while the OMX Helsinki 25 index rose only slightly.

The new Huckleberry Finn route with TT-Line was announced earlier in the week, so it is background, not a cause of the last session's move.

The company also has an ongoing engine-failure story from Helsinki that is worth tracking.

Today's move of +0.00% was 0.0 times a normal day's 0.5%. OMX Helsinki 25 moved −0.52% on the same day.

Viking Line +0.00%OMX Helsinki 25 −0.52%A little stronger than the market

Earlier days →

See the chart in ChartCompass, with every move explained →

Has the share price followed the business?

Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +4% and earnings per share +1%.

Revenue, profit and market cap

Revenue, profit and market cap (m EUR)01813635442022: 494.802022: 22.7020222023: 491.602023: 36.3020232024: 480.402024: 15.9020242025: 481.002025: 16.002025Now2022: 216.862172023: 323.143232024: 354.243542025: 369.79370Now: 333.50334

RevenueProfitMarket capm EUR

Market cap is 0.7 times 2025 revenue, against 0.4 in 2022. Profit in 2025: 16.0 m EUR.

Assets, liabilities and market cap

Assets, liabilities and market cap (m EUR)02354697042022: 631.402022: 339.0020222023: 639.802023: 316.6020232024: 607.402024: 285.9020242025: 586.902025: 265.302025Now2022: 216.862172023: 323.143232024: 354.243542025: 369.79370Now: 333.50334

AssetsLiabilitiesMarket capm EUR

Assets minus liabilities leave 322 m EUR for shareholders. Market cap is 1.0 times that equity.

Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 334 m EURRevenue 2025: 481 m EUR

What the key figures say about Viking Line

The figures connect what Viking Line earns with what investors pay.

The line shows the share price in the same year, on its own scale.

Earnings per share0.61 EUR
NowEarnings per share2022: 1.31222023: 2.10232024: 0.92242025: 0.93252022: 12.552023: 18.702024: 20.502025: 21.40

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: 0.92 EUR–2.10 EUR. Peers: Tallink Grupp 0.04 EUR, Gotlandsbolaget -40.62 SEK, HAV Group 0.51 NOK.

Revenue482 m EUR
NowRevenue2022: 494,800,000.00222023: 491,600,000.00232024: 480,400,000.00242025: 481,000,000.00252022: 12.552023: 18.702024: 20.502025: 21.40

What the company sold during the year.

2022–2025: 480 m EUR–495 m EUR. Peers: Tallink Grupp 791 m EUR, Gotlandsbolaget 3.8 bn SEK, HAV Group 962 m NOK.

Operating margin3.6%
NowOperating margin2022: 4.57222023: 9.36232024: 5.39242025: 4.20252022: 12.552023: 18.702024: 20.502025: 21.40

The percentage of revenue left after the costs of running the business.

2022–2025: 4.2%–9.4%. Peers: Tallink Grupp 8.1%, Gotlandsbolaget 0.7%, HAV Group 2.6%.

Return on equity3.3%
NowReturn on equity2022: 7.76222023: 11.23232024: 4.95242025: 4.98252022: 12.552023: 18.702024: 20.502025: 21.40

Profit as a percentage of shareholders’ money in the company.

2022–2025: 4.9%–11.2%. Peers: Tallink Grupp 4.3%, Gotlandsbolaget 1.4%, HAV Group 16.2%.

P/E31.6
NowP/E2022: 9.58222023: 8.90232024: 22.28242025: 23.0125

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2022–2025: 8.9–23.0. Peers: Tallink Grupp 16.4, HAV Group 20.3.

Market cap per unit of revenue (P/S)0.69
NowMarket cap per unit of revenue (P/S)2022: 0.44222023: 0.66232024: 0.74242025: 0.7725

What investors pay for each unit the company sells.

2022–2025: 0.44–0.77. Peers: Tallink Grupp 0.62, Gotlandsbolaget 1.49, HAV Group 0.38.

Dividend per share1.00 EUR
NowDividend per share2017: 0.33172018: 0.16182019: 0.16192020: 0.00202021: 0.00212022: 0.00222023: 0.40232024: 1.00242025: 1.0025

Money paid to shareholders per share, summed by calendar year.

2017–2025: 0.00 EUR–1.00 EUR.

Dividend yield5.2%
NowDividend yield2022: 0.00222023: 2.14232024: 4.88242025: 4.6725

The ordinary yearly dividend as a percentage of the share price. Across Nordic companies, a yield of this size was followed by a lower dividend the next year in about 33% of cases, against about 17% below 5%.

2022–2025: 0.0%–4.9%. Peers: Tallink Grupp 9.1%, Gotlandsbolaget 0.0%, HAV Group 0.0%.

Net debt / EBITDA1.47
NowNet debt / EBITDA2022: 2.10222023: 1.14232024: 1.51242025: 1.3225

Net debt divided by operating earnings before depreciation and amortisation.

2022–2025: 1.14–2.10. Peers: Tallink Grupp 3.53, Gotlandsbolaget -5.92, HAV Group -7.86.

More key figures
Market cap / equity (P/B)1.08
NowMarket cap / equity (P/B)2022: 0.74222023: 1.00232024: 1.10242025: 1.1525

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 0.74–1.15. Peers: Tallink Grupp 0.68, Gotlandsbolaget 1.07, HAV Group 3.59.

EV / EBIT17.4
2025EV / EBIT2022: 10.33222023: 7.47232024: 14.71242025: 17.4325

Market cap plus net debt, divided by operating earnings. This includes debt.

2022–2025: 7.5–17.4.

Free cash flow per share1.51 EUR
NowFree cash flow per share2022: 0.78222023: 1.96232024: 1.71242025: 2.21252022: 12.552023: 18.702024: 20.502025: 21.40

Cash left after investments, divided by the number of shares.

2022–2025: 0.78 EUR–2.21 EUR. Peers: Tallink Grupp 0.13 EUR, Gotlandsbolaget -6.17 SEK, HAV Group -1.45 NOK.

Equity ratio54.8%
2025Equity ratio2022: 46.31222023: 50.52232024: 52.93242025: 54.8025

The percentage of assets financed by shareholders’ equity.

2022–2025: 46.3%–54.8%.

The dividend explained

A dividend is money paid to shareholders. Viking Line paid 1.00 EUR per share in the twelve months through November 6, 2026.

On the ex-dividend day, September 25, 2026, Viking Line traded without the right to the 0.50 EUR dividend. The price went from 20.00 EUR to 19.80 EUR; including the dividend, the day's change was +1.5%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.

2017: 0.33 EUR2018: 0.16 EUR2019: 0.16 EUR2020: 0.00 EUR2021: 0.00 EUR2022: 0.00 EUR2023: 0.40 EUR2024: 1.00 EUR2025: 1.00 EUR2026 so far: 1.00 EUR

People on the board and in management must report their trades in the share, and the company publishes them. October 26: Buy about 25 thousand EUR. October 26: Buy about 4 thousand EUR. October 23: Buy about 3.7 m EUR.

More about Viking Line

Insider trades

People on the board and in management must report their trades in the share, and the company publishes them.

  • Jakob Johansson, board member (closely associated)Buyabout 25 thousand EUR
  • Fredrik Vojbacke, board memberBuyabout 4 thousand EUR
  • Jakob Johansson, board member (closely associated)Buyabout 3.7 m EUR

Earnings report

+1.49%

10,000 EUR in Viking Line bought on November 7, 2016 is worth 13,400 EUR today, with dividends reinvested.

The same amount in OMX Helsinki with dividends would have become 24,400 EUR.

What would 10,000 EUR in Viking Line be worth today? →

What would 10,000 EUR in Viking Line be worth today?

13,400 EUR

with dividends reinvested, bought on November 7, 2016. The same amount in OMX Helsinki with dividends would have become 24,400 EUR.

At worst it was worth 6,040 EUR (December 22, 2021).

The five biggest days of the journey

· +9.4% · the whole market rose 1.0% the same day

· −9.4% · the whole market fell 1.0% the same day

· +8.6% · the whole market fell 1.2% the same day

· −8.2% · the whole market rose 0.5% the same day

· +7.8% · the whole market rose 1.1% the same day

Earlier days

  • +2.36% market +0.36% Viking Line rose, moving well ahead of the market. Read →

    Viking Line rose, moving well ahead of the market.

    A Finnish politician's proposal to tax ship tickets reported the same day likely drew attention, and Viking Line's response was part of the story.

    Over the last five trading days it rose clearly while OMX Helsinki 25 fell slightly, a big move for the stock.

    Trading volume was well below its usual level, so the rise was not heavily traded.

Learn more · Why do stocks go up and down?

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