WallStSmart

Global Business Travel Group Inc (GBTG)vsViking Holdings Ltd (VIK)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Viking Holdings Ltd generates 139% more annual revenue ($6.50B vs $2.72B). VIK leads profitability with a 17.6% profit margin vs 4.0%. GBTG trades at a lower P/E of 26.9x. VIK earns a higher WallStSmart Score of 66/100 (B-).

GBTG

Hold

47

out of 100

Grade: D+

Growth: 6.7Profit: 5.5Value: 6.3Quality: 4.3
Piotroski: 1/9

VIK

Strong Buy

66

out of 100

Grade: B-

Growth: 9.3Profit: 8.5Value: 4.7Quality: 4.3
Piotroski: 6/9Altman Z: 0.16
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GBTGUndervalued (+26.9%)

Margin of Safety

+26.9%

Fair Value

$7.17

Current Price

$9.45

$2.28 discount

UndervaluedFair: $7.17Overvalued

Intrinsic value data unavailable for VIK.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GBTG1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
34.0%10/10

Revenue surging 34.0% year-over-year

VIK4 strengths · Avg: 9.0/10
Return on EquityProfitability
254.5%10/10

Every $100 of equity generates 255 in profit

EPS GrowthGrowth
226.6%10/10

Earnings expanding 226.6% YoY

Operating MarginProfitability
20.9%8/10

Strong operational efficiency at 20.9%

Revenue GrowthGrowth
27.8%8/10

Revenue surging 27.8% year-over-year

Areas to Watch

GBTG4 concerns · Avg: 3.0/10
P/E RatioValuation
26.9x4/10

Moderate valuation

Profit MarginProfitability
4.0%3/10

4.0% margin — thin

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

EPS GrowthGrowth
-50.7%2/10

Earnings declined 50.7%

VIK3 concerns · Avg: 2.7/10
P/E RatioValuation
32.7x4/10

Premium valuation, high expectations priced in

Price/BookValuation
33.7x2/10

Trading at 33.7x book value

Altman Z-ScoreHealth
0.162/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : GBTG

The strongest argument for GBTG centers on Revenue Growth. Revenue growth of 34.0% demonstrates continued momentum.

Bull Case : VIK

The strongest argument for VIK centers on Return on Equity, EPS Growth, Operating Margin. Profitability is solid with margins at 17.6% and operating margin at 20.9%. Revenue growth of 27.8% demonstrates continued momentum.

Bear Case : GBTG

The primary concerns for GBTG are P/E Ratio, Profit Margin, Piotroski F-Score. Thin 4.0% margins leave little buffer for downturns.

Bear Case : VIK

The primary concerns for VIK are P/E Ratio, Price/Book, Altman Z-Score.

Key Dynamics to Monitor

GBTG profiles as a hypergrowth stock while VIK is a growth play — different risk/reward profiles.

VIK carries more volatility with a beta of 1.57 — expect wider price swings.

GBTG is growing revenue faster at 34.0% — sustainability is the question.

VIK generates stronger free cash flow (675M), providing more financial flexibility.

Bottom Line

VIK scores higher overall (66/100 vs 47/100), backed by strong 17.6% margins and 27.8% revenue growth. GBTG offers better value entry with a 26.9% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Global Business Travel Group Inc

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Global Business Travel Group, Inc. operates a business-to-business (B2B) travel platform. The company is headquartered in New York, New York.

Viking Holdings Ltd

CONSUMER CYCLICAL · TRAVEL SERVICES · USA

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. The company is headquartered in Pembroke, Bermuda.

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