Viking Holdings Ltd (VIK) - Net Assets
Based on the latest financial reports, Viking Holdings Ltd (VIK) has net assets worth $1.12 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.23 Billion) and total liabilities ($11.11 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Viking Holdings Ltd asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.12 Billion |
| % of Total Assets | 9.17% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Viking Holdings Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Viking Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Viking Holdings Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Viking Holdings Ltd (2021–2025)
The table below shows the annual net assets of Viking Holdings Ltd from 2021 to 2025. For live valuation and market cap data, see VIK market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.12 Billion | +612.08% |
| 2024-12-31 | $-218.98 Million | +95.91% |
| 2023-12-31 | $-5.35 Billion | -53.14% |
| 2022-12-31 | $-3.49 Billion | +10.07% |
| 2021-12-31 | $-3.88 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Viking Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 21782300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.51 Million | 0.40% |
| Other Components | $5.28 Billion | 471.00% |
| Total Equity | $1.12 Billion | 100.00% |
Viking Holdings Ltd Competitors by Market Cap
The table below lists competitors of Viking Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Construction Bank Co
SHG:601939
|
$31.74 Billion |
|
KB Financial Group Inc
F:KBIA
|
$31.74 Billion |
|
Honda Motor Co Ltd ADR
NYSE:HMC
|
$31.76 Billion |
|
Medline Inc. Class A Common Stock
NASDAQ:MDLN
|
$31.82 Billion |
|
Muyuan Foodstuff Co Ltd
SHE:002714
|
$31.74 Billion |
|
Doosan Heavy Ind. & Const.
KO:034020
|
$31.71 Billion |
|
Hyundai Mobis Co.,Ltd
KO:012330
|
$31.67 Billion |
|
VOLKSWAGEN ADR 1/10/O.N.
F:VOWA
|
$31.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viking Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -222,729,000 to 1,121,342,000, a change of 1,344,071,000.
- Net income of 1,147,570,000 contributed positively to equity growth.
- Share repurchases of 22,263,000 reduced equity.
- Other comprehensive income decreased equity by 177,221,000.
- Other factors increased equity by 395,985,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.15 Billion | +102.34% |
| Share Repurchases | $22.26 Million | -1.99% |
| Other Comprehensive Income | $-177.22 Million | -15.8% |
| Other Changes | $395.99 Million | +35.31% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Viking Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 39.70x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $-9.01 | $99.71 | x |
| 2022-12-31 | $-8.10 | $99.71 | x |
| 2023-12-31 | $-12.41 | $99.71 | x |
| 2024-12-31 | $-0.52 | $99.71 | x |
| 2025-12-31 | $2.51 | $99.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viking Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 102.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.65%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 10.91x
- Recent ROE (102.34%) is above the historical average (20.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | -337.86% | 0.08x | 0.00x | $-1.72 Billion |
| 2022 | 0.00% | 12.55% | 0.40x | 0.00x | $748.23 Million |
| 2023 | 0.00% | -39.29% | 0.55x | 0.00x | $-1.32 Billion |
| 2024 | 0.00% | 2.86% | 0.53x | 0.00x | $174.60 Million |
| 2025 | 102.34% | 17.65% | 0.53x | 10.91x | $1.04 Billion |
Industry Comparison
This section compares Viking Holdings Ltd's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $5,856,540,267
- Average return on equity (ROE) among peers: -18.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viking Holdings Ltd (VIK) | $1.12 Billion | 0.00% | 9.91x | $31.74 Billion |
| Airbnb Inc (ABNB) | $8.41 Billion | 31.48% | 1.49x | $57.63 Billion |
| Ambitions Enterprise Management Co. L.L.C Class A Ordinary Shares (AHMA) | $5.42 Million | 26.21% | 0.76x | $18.31 Million |
| Booking Holdings Inc (BKNG) | $55.30 Million | -202.89% | 0.20x | $133.92 Billion |
| Carnival Corporation (CCL) | $20.55 Billion | -49.80% | 1.61x | $31.31 Billion |
| Carnival Plc ADS (CUK) | $22.60 Billion | 12.30% | 0.72x | $3.89 Billion |
| Despegar.com Corp (DESP) | $-26.88 Million | 0.00% | 0.00x | $1.63 Billion |
| Expedia Group Inc. (EXPE) | $6.15 Billion | 6.14% | 2.01x | $26.58 Billion |
| Global Business Travel Group Inc (GBTG) | $1.06 Billion | -13.06% | 2.43x | $4.88 Billion |
| Inspirato Inc (ISPO) | $-154.70 Million | 0.00% | 0.00x | $54.21 Million |
| Lindblad Expeditions Holdings Inc (LIND) | $-85.65 Million | 0.00% | 0.00x | $1.68 Billion |
About Viking Holdings Ltd
Viking Holdings Ltd focused on providing passenger cruises in North America, the United Kingdom, and internationally. It operates through the River and Ocean segments. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States for English-speaking passengers. The Ocean segment provides … Read more