FMP
May 28, 2024 4:16 PM - Davit Kirakosyan
JPMorgan analysts started coverage on Viking Holdings (NYSE:VIK) with an Overweight rating and a price target of $34 on the stock.
The analysts highlighted Viking Holdings' strong position to capture multi-year market share in the growing $1.9 trillion global vacation market. Key factors include targeting the 55+ demographic, which holds 70% of US wealth and is the fastest-growing segment, a destination-focused strategy that avoids yield cannibalization and improves cost efficiency, and a scalable business model with a solid foundation, evidenced by a 51% market share in river cruises and 26% in ocean luxury cruises.
Viking's educational and destination-first focus, along with its "One Brand" marketing strategy, fosters customer loyalty, with over 60% of bookings for new products coming from past guests and repeat guest rates increasing from 26% in 2015 to approximately 51% today.
The analysts project a 15% annual revenue growth through 2026, supported by an 11% increase in capacity (compared to the industry's 4%) and conservative net yield growth of 3.6%, resulting in a 38% EBITDA margin and around 20% EBITDA dollar growth.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...