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← CockpitCompetitor Analysis › VPLAY-A.ST Viaplay Group AB Class AOpen in the cockpit ↗

Viaplay Group AB Class AVPLAY-A.STCompetitor analysis, valuation and peers

Sweden · SEK·Communication Services›Cable/Satellite TV
Momentum neutral 55
Mkt cap
$615M
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$22
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-0.0 pp
WACC 5.9%
Hurdle
n/a
no reverse DCF
Close · SEKSEK 2.46
1D+5.1%
1W+16.0%
1M-2.4%
3M-8.2%
6M+31.6%
YTD+42.2%
1Y+74.5%
ATR %3.4%
52w lowhigh29.7% off high

What Viaplay does

Employees: 1,357

Viaplay at a glance

Size Viaplay (VPLAY-A.ST) is a Sweden Communication Services company (Cable/Satellite TV) with a market value of $615M, the 164th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 2.46 on 6 Nov 2026.

Performance Over six months the shares gained 31.6%, against -10.7% for the median peer and +8.2% for the Sweden market (cap-weighted) — highest of 12 in its peer set.

Growth Revenue grew 19.8% over the last twelve months (peer median -4.0%); the operating margin is 2.6% (peer median 2.4%).

Valuation It trades at 0.6× enterprise value to sales against a peer median of 2.4× (cheapest of 12).

Capital Return on invested capital runs 0.0 points below its cost of capital (5.9% WACC).

Relative performance

10015011 May 202611 Aug 20266 Nov 2026VPLAY-A.ST 125Peer median 86
Six months, rebased to 100: Viaplay against the median of its 11 peers (local-currency closes).

Viaplay financials

Reported figures in SEK; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueSEK 21.0BSEK 17.7BSEK 18.5BSEK 18.6BSEK 15.7B
Revenue growth—-4%0%+18%—
Gross profitSEK 3.30BSEK 2.41BSEK 2.01BSEK 1.27BSEK 2.55B
EBITDASEK 1.11BSEK 207M-SEK 151M-SEK 1.06B-SEK 324M
Net income-SEK 1.33B-SEK 1.27BSEK 106M-SEK 9.75BSEK 323M
Free cash flow-SEK 1.17B-SEK 2.34B-SEK 2.04B-SEK 3.40B-SEK 3.06B
Capital expenditureSEK 124MSEK 49.0MSEK 43.0MSEK 159MSEK 186M
Total debtSEK 6.67BSEK 6.76BSEK 2.43BSEK 7.65BSEK 4.41B

Quarterly statements and history in the cockpit →

Viaplay competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%000665RAY002238600936AMCX6009966464CCACPS000156VPLAY-A.ST6-month return →1-month return →
Up and to the right = strong over both horizons. Viaplay is the large dot.

Fundamentals: revenue growth against valuation

0%+20%0×5×10×000665RAY002238600936AMCX6009966464CCACPS000156VPLAY-A.STRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Viaplay is the large dot.

Viaplay competitors and peer comparison

How Viaplay compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Viaplay against its 11 peers (data as of 6 Nov 2026)
MeasureVPLAY-A.STPeer medianRank in peer set
1-month return-2.4%-0.4%6th lowest of 12
6-month return+31.6%-10.7%highest of 12
Distance from 52-week high-29.7%-33.1%5th highest of 12
Revenue growth (TTM)+19.8%-4.0%2nd highest of 12
Operating margin2.6%2.4%6th highest of 12
EV / Sales0.6×2.4×cheapest of 12
ROIC minus cost of capital-0.0 pp-0.6 pp6th highest of 12
EV / EBITDA10.4×8.4×3rd most expensive of 7
Net debt / EBITDA4.9×3.3×most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Viaplay VPLAY-A.STSweden$615M+32%+20%3%0.6×n/an/a
Hubei Broadcasting & Television Information Network 000665.SZChina$698M-15%+1%-48%5.4×n/an/a
Stingray RAY.TOCanada$786M+11%+32%20%3.2×5.5%+13.1%
Shenzhen Topway Video Communication 002238.SZChina$810M-8%-16%-22%4.7×16.0%-5.8%
Guangxi Beitou Technology 600936.SSChina$925M-11%+13%2%2.4×15.7%+10.6%
AMC Global Media AMCXUnited States$346M-5%-5%8%0.7×-4.9%-3.9%
Guizhou Broadcasting & TV Information Network 600996.SSChina$1.22B-23%-7%-89%13.0×30.2%-18.3%
Taiwan Optical Platform 6464.TWTaiwan$311M+5%0%26%3.8×-2.3%+0.6%
Cogeco Communications CCA.TOCanada$1.67B-13%-4%26%2.4×-8.9%+2.2%
Cyfrowy Polsat CPS.WAPoland$2.08B-24%0%10%1.5×6.6%+3.7%
Wasu Media 000156.SZChina$2.17B+5%-4%2%1.0×-6.9%+3.9%
Jiangsu Broadcasting Cable Information Network 600959.SSChina$2.42B-17%-8%-8%2.2×n/an/a

Questions

Which companies are Viaplay's closest peers?
The cockpit's peer set: Hubei Broadcasting & Television Information Network (000665.SZ), Stingray (RAY.TO), Shenzhen Topway Video Communication (002238.SZ), Guangxi Beitou Technology (600936.SS), AMC Global Media (AMCX), Guizhou Broadcasting & TV Information Network (600996.SS), Taiwan Optical Platform (6464.TW), Cogeco Communications (CCA.TO).
Is Viaplay expensive compared with its peers?
On ev / sales it trades at 0.6× against a peer median of 2.4×, cheapest of 12 in its peer set.
How has Viaplay stock performed?
Over six months to 6 Nov 2026 the shares returned +31.6% against -10.7% for the median peer; over one year +74.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.