B

Bavarian Nordic A/S
CSE:BAVA

Watchlist Manager
Bavarian Nordic A/S
CSE:BAVA
Watchlist
Price: 183.65 DKK 0.08% Market Closed
Market Cap: 14.6B DKK
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-
5Y
+219%
10Y
+283%
Investing Cash Flow
+
3Y
-5%
5Y
+41%
10Y
-151%
Financing Cash Flow
+
3Y
-
5Y
-
10Y
-

Cash Flow Statement
Bavarian Nordic A/S

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Cash Flow Statement
Currency: DKK
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
(94)
0
0
0
(27)
0
0
0
214
0
0
0
(82)
0
0
0
(120)
0
(108)
(146)
(204)
(255)
(228)
(285)
(65)
(82)
(67)
(62)
(210)
(230)
(271)
(255)
(341)
(370)
(334)
(445)
(474)
(477)
(541)
(434)
(308)
(218)
(65)
49
(32)
(50)
(59)
(61)
33
84
1
(33)
26
(18)
180
155
59
(29)
(180)
(54)
31
153
225
453
181
5
(151)
(445)
(362)
(279)
(271)
(402)
(347)
267
481
606
278
(368)
(629)
(737)
(465)
(606)
(693)
(599)
(347)
301
1 076
723
1 475
984
707
1 119
988
1 321
1 423
2 445
Depreciation & Amortization
4
0
0
0
5
0
0
0
13
0
0
0
18
0
0
0
15
0
7
11
18
21
30
43
40
49
44
40
48
48
49
50
49
52
52
51
50
50
51
52
54
55
53
51
48
54
54
56
46
46
45
44
45
45
44
44
44
43
43
44
45
46
44
41
38
36
38
39
42
46
50
55
57
126
197
282
360
366
378
378
388
397
399
399
399
413
453
1 065
1 112
1 150
1 164
611
663
673
690
705
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
2
5
6
7
8
5
7
8
7
8
9
14
15
26
27
26
30
18
18
15
14
17
18
17
0
12
14
13
19
21
32
34
28
27
0
14
27
18
35
44
28
27
19
16
27
34
35
30
28
26
23
29
30
33
53
51
64
58
38
53
36
54
64
40
30
59
33
81
118
79
123
95
84
Other Non-Cash Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
2
3
3
20
6
7
8
33
7
8
7
28
8
10
15
23
28
30
30
36
26
29
28
30
23
135
148
161
169
59
2
58
59
52
36
(28)
(70)
(96)
33
92
154
273
322
313
297
213
84
41
28
26
39
67
111
113
149
135
155
195
206
208
225
212
280
326
249
234
135
83
82
87
100
30
90
90
133
Cash Taxes Paid
0
0
0
0
1
0
0
0
14
0
0
0
(8)
0
0
0
(3)
0
(5)
(6)
9
10
12
9
2
2
2
6
1
(1)
(3)
(1)
3
4
4
4
2
2
5
2
1
1
0
2
3
3
4
4
2
5
4
3
22
35
35
36
14
0
2
1
9
11
9
9
6
4
4
3
4
4
4
6
3
2
4
2
4
4
3
3
3
3
3
3
3
5
5
9
10
11
13
9
18
23
33
34
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8
0
0
12
7
0
11
20
20
0
0
0
26
0
0
0
0
0
0
0
0
0
0
3
0
0
19
20
25
26
18
17
13
14
4
4
4
3
3
7
17
20
4
16
13
5
16
1
(1)
10
16
20
16
15
19
23
25
31
40
39
40
22
24
0
0
0
24
45
75
72
52
43
12
15
32
25
28
31
Change in Working Capital
(3)
(96)
(96)
(99)
8
24
66
158
(18)
202
118
46
(13)
(113)
(133)
(70)
46
(49)
17
(5)
(9)
1
17
(23)
169
182
315
315
105
87
(82)
(174)
(220)
(165)
(196)
185
162
159
171
(226)
(157)
(162)
(154)
(48)
(27)
(71)
30
(111)
(93)
(119)
(211)
(76)
210
932
538
583
31
(505)
(113)
(561)
99
148
339
213
(316)
(496)
(663)
(145)
(10)
52
(8)
46
(53)
(278)
(168)
(57)
(201)
(132)
(421)
(509)
(490)
(232)
(20)
(189)
(158)
(981)
(1 196)
(1 172)
(1 550)
(448)
(1)
(250)
268
(957)
(436)
(150)
Cash from Operating Activities
(93)
N/A
(96)
-3%
(96)
0%
(99)
-3%
(14)
+86%
24
N/A
66
+177%
158
+139%
209
+33%
202
-3%
118
-42%
46
-61%
(77)
N/A
(113)
-47%
(133)
-18%
(70)
+47%
(58)
+17%
(49)
+16%
(84)
-71%
(141)
-68%
(194)
-38%
(231)
-19%
(178)
+23%
(262)
-47%
163
N/A
154
-6%
298
+94%
301
+1%
(22)
N/A
(88)
-293%
(297)
-237%
(372)
-25%
(484)
-30%
(475)
+2%
(468)
+1%
(195)
+58%
(240)
-23%
(241)
-1%
(290)
-20%
(578)
-100%
(375)
+35%
(300)
+20%
(137)
+54%
79
N/A
20
-74%
(44)
N/A
160
N/A
32
-80%
147
+360%
180
+23%
(105)
N/A
(63)
+40%
339
N/A
1 018
+200%
815
-20%
818
+0%
105
-87%
(561)
N/A
(345)
+38%
(539)
-56%
268
N/A
502
+87%
880
+76%
1 030
+17%
216
-79%
(158)
N/A
(564)
-257%
(467)
+17%
(289)
+38%
(152)
+47%
(204)
-34%
(262)
-29%
(276)
-5%
227
N/A
623
+174%
981
+57%
572
-42%
20
-96%
(478)
N/A
(663)
-39%
(359)
+46%
(215)
+40%
(101)
+53%
(109)
-8%
220
N/A
(18)
N/A
568
N/A
751
+32%
1 119
+49%
1 769
+58%
1 958
+11%
1 580
-19%
1 950
+23%
1 128
-42%
1 767
+57%
3 132
+77%
Investing Cash Flow
Capital Expenditures
(6)
0
0
0
(10)
0
0
0
(33)
0
0
0
(201)
0
0
0
(163)
0
(17)
(66)
(74)
(74)
(63)
(10)
(23)
(36)
(53)
(76)
(80)
(100)
(82)
(90)
(96)
(73)
(81)
(74)
(62)
(65)
(64)
(44)
(48)
(37)
(34)
(42)
(45)
(54)
(84)
(141)
(155)
(177)
(164)
(123)
(106)
(81)
(68)
(53)
(60)
(70)
(86)
(93)
(92)
(80)
(64)
(55)
(79)
(100)
(142)
(180)
(212)
(256)
(325)
(383)
(2 671)
(324)
(264)
(264)
(707)
(375)
(429)
(506)
(1 058)
(1 265)
(1 245)
(1 240)
(1 382)
(1 322)
(1 543)
(1 540)
(977)
(741)
(1 075)
(1 301)
(1 688)
(2 049)
(2 200)
(1 849)
Other Items
1
(5)
(5)
(7)
(1)
(17)
(34)
(33)
(0)
(257)
(144)
(253)
(24)
(119)
(548)
(473)
(14)
(524)
(58)
26
(103)
188
60
10
7
248
109
106
(1)
(75)
61
64
122
21
64
67
16
47
(413)
(364)
(214)
(175)
241
190
116
(6)
(4)
(1)
9
92
95
190
(398)
(399)
(606)
(703)
(118)
(214)
(260)
(264)
(357)
(264)
(918)
(918)
(1 267)
(1 260)
(360)
(124)
229
496
763
656
1 861
(1 309)
(2 822)
(2 951)
(1 205)
(1 976)
(717)
(710)
(1 818)
(834)
(940)
(572)
504
1 067
451
152
32
(1 580)
(864)
(388)
(183)
850
943
(48)
Cash from Investing Activities
(5)
N/A
(5)
+2%
(5)
-2%
(7)
-40%
(11)
-53%
(17)
-57%
(34)
-103%
(33)
+4%
(33)
-1%
(257)
-673%
(144)
+44%
(253)
-75%
(225)
+11%
(119)
+47%
(548)
-362%
(473)
+14%
(177)
+63%
(524)
-196%
(75)
+86%
(41)
+46%
(177)
-338%
114
N/A
(4)
N/A
0
N/A
(16)
N/A
212
N/A
56
-74%
30
-47%
(82)
N/A
(175)
-115%
(21)
+88%
(27)
-28%
26
N/A
(52)
N/A
(17)
+68%
(7)
+57%
(46)
-527%
(18)
+61%
(477)
-2 550%
(408)
+14%
(262)
+36%
(212)
+19%
207
N/A
147
-29%
71
-52%
(60)
N/A
(89)
-47%
(142)
-61%
(147)
-3%
(85)
+42%
(70)
+18%
67
N/A
(504)
N/A
(480)
+5%
(674)
-40%
(755)
-12%
(178)
+76%
(284)
-59%
(346)
-22%
(357)
-3%
(448)
-26%
(343)
+23%
(983)
-186%
(973)
+1%
(1 345)
-38%
(1 359)
-1%
(502)
+63%
(305)
+39%
17
N/A
240
+1 303%
438
+83%
273
-38%
(810)
N/A
(1 633)
-102%
(3 086)
-89%
(3 215)
-4%
(1 912)
+41%
(2 351)
-23%
(1 146)
+51%
(1 216)
-6%
(2 877)
-137%
(2 098)
+27%
(2 185)
-4%
(1 812)
+17%
(877)
+52%
(256)
+71%
(1 091)
-327%
(1 388)
-27%
(946)
+32%
(2 321)
-146%
(1 940)
+16%
(1 689)
+13%
(1 871)
-11%
(1 199)
+36%
(1 257)
-5%
(1 897)
-51%
Financing Cash Flow
Net Issuance of Common Stock
74
0
0
0
80
0
0
0
0
0
0
0
11
0
0
0
417
0
237
237
237
703
466
466
513
0
0
0
0
0
0
0
(16)
299
297
297
516
200
899
899
695
696
(1)
(1)
(1)
(0)
(0)
0
0
0
2
2
265
277
279
281
29
19
683
681
699
703
35
242
244
238
244
36
1
1
(7)
2
6
2 833
2 852
2 831
2 831
1 181
1 174
1 241
2 955
1 779
1 763
1 737
29
1 683
1 691
1 660
1 678
23
(1)
120
99
(51)
(26)
(68)
Net Issuance of Debt
(4)
0
0
0
4
0
0
0
(1)
0
0
0
166
0
0
0
65
0
(25)
(28)
(11)
(50)
(29)
(30)
(51)
(16)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(85)
(86)
(86)
(17)
(15)
(12)
(9)
(9)
(9)
(9)
(9)
(9)
(9)
(9)
(7)
(7)
(7)
(7)
(9)
(49)
(47)
(46)
(44)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
370
481
659
619
245
(117)
(297)
(261)
1 111
(25)
(26)
(28)
(1 393)
(12)
294
444
638
718
651
580
607
(497)
(579)
(664)
(900)
119
(35)
(34)
(44)
(44)
(54)
(53)
Other
3
79
88
87
1
84
3
3
4
7
22
128
6
195
583
490
(34)
603
(13)
(26)
(23)
(234)
26
25
(22)
48
0
0
0
0
0
0
0
49
48
48
(28)
(8)
(51)
(51)
(44)
0
(1)
(1)
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(0)
(0)
(0)
(39)
(40)
(40)
(40)
(1)
(3)
(1)
(1)
(1)
2
(0)
(0)
(0)
(0)
(2)
(80)
(101)
(105)
(103)
(51)
(30)
(26)
(57)
(32)
(32)
(32)
(0)
(42)
(43)
(43)
(43)
(1)
(0)
(0)
0
0
0
0
Cash from Financing Activities
73
N/A
79
+9%
88
+11%
87
0%
85
-3%
84
-1%
3
-97%
3
-10%
3
+12%
7
+131%
22
+227%
128
+484%
183
+43%
195
+7%
583
+199%
490
-16%
448
-9%
603
+35%
200
-67%
183
-8%
204
+11%
419
+106%
462
+10%
461
0%
440
-5%
32
-93%
(15)
N/A
(15)
+1%
(15)
+1%
(15)
+1%
(15)
+2%
(15)
-4%
(31)
-101%
263
N/A
259
-2%
258
0%
471
+82%
177
-62%
837
+372%
839
+0%
642
-23%
643
+0%
(11)
N/A
(10)
+4%
(10)
+7%
(9)
+2%
(9)
+1%
(7)
+22%
(7)
+3%
(7)
+1%
(5)
+33%
(6)
-36%
216
N/A
230
+6%
233
+2%
237
+1%
27
-89%
17
-35%
641
+3 586%
639
0%
657
+3%
661
+1%
32
-95%
237
+646%
613
+159%
718
+17%
902
+26%
657
-27%
246
-63%
(115)
N/A
(304)
-164%
(259)
+15%
1 115
N/A
2 728
+145%
2 724
0%
2 698
-1%
1 335
-51%
1 118
-16%
1 438
+29%
1 659
+15%
3 536
+113%
2 465
-30%
2 382
-3%
2 286
-4%
636
-72%
1 145
+80%
1 069
-7%
953
-11%
736
-23%
141
-81%
(36)
N/A
86
N/A
56
-35%
(94)
N/A
(80)
+16%
(121)
-52%
Change in Cash
Effect of Foreign Exchange Rates
0
0
0
0
(0)
0
0
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
1
(0)
(1)
(0)
(0)
0
0
0
0
0
(0)
(0)
(0)
(0)
(0)
0
0
25
17
16
22
(7)
4
4
3
1
(30)
(44)
(55)
(55)
(15)
1
10
18
5
8
2
2
2
(7)
(7)
(6)
(5)
0
6
4
9
12
5
(0)
(4)
(3)
(8)
1
2
(12)
12
(3)
(26)
(18)
Net Change in Cash
(25)
N/A
(21)
+15%
(13)
+38%
(18)
-38%
60
N/A
91
+51%
35
-61%
128
+265%
179
+40%
(48)
N/A
(5)
+90%
(79)
-1 540%
(119)
-51%
(36)
+69%
(98)
-170%
(53)
+46%
212
N/A
30
-86%
41
+39%
2
-94%
(168)
N/A
302
N/A
280
-7%
200
-29%
588
+194%
398
-32%
339
-15%
315
-7%
(119)
N/A
(278)
-134%
(332)
-19%
(414)
-25%
(489)
-18%
(264)
+46%
(225)
+15%
56
N/A
186
+230%
(82)
N/A
69
N/A
(147)
N/A
5
N/A
132
+2 385%
60
-55%
216
+260%
82
-62%
(114)
N/A
62
N/A
(118)
N/A
(7)
+94%
88
N/A
(179)
N/A
(3)
+98%
52
N/A
792
+1 436%
390
-51%
316
-19%
(24)
N/A
(834)
-3 334%
(46)
+94%
(253)
-451%
480
N/A
820
+71%
(101)
N/A
250
N/A
(571)
N/A
(855)
-50%
(179)
+79%
(113)
+37%
(16)
+86%
(10)
+36%
(65)
-546%
(241)
-269%
31
N/A
1 324
+4 187%
263
-80%
457
+74%
(12)
N/A
(1 219)
-10 007%
(191)
+84%
(220)
-15%
306
N/A
156
-49%
105
-33%
377
+259%
(16)
N/A
870
N/A
541
-38%
314
-42%
902
+188%
(411)
N/A
(15)
+96%
(35)
-130%
146
N/A
(169)
N/A
404
N/A
1 096
+171%
Free Cash Flow
Free Cash Flow
(99)
N/A
(96)
+3%
(96)
0%
(99)
-3%
(24)
+76%
24
N/A
66
+177%
158
+139%
177
+12%
202
+15%
118
-42%
46
-61%
(278)
N/A
(113)
+59%
(133)
-18%
(70)
+47%
(221)
-215%
(49)
+78%
(100)
-105%
(207)
-106%
(268)
-30%
(306)
-14%
(242)
+21%
(271)
-12%
141
N/A
118
-16%
245
+107%
225
-8%
(103)
N/A
(189)
-84%
(378)
-101%
(463)
-22%
(580)
-25%
(547)
+6%
(549)
0%
(269)
+51%
(302)
-12%
(306)
-2%
(353)
-15%
(622)
-76%
(423)
+32%
(337)
+20%
(171)
+49%
36
N/A
(25)
N/A
(99)
-293%
76
N/A
(109)
N/A
(8)
+92%
3
N/A
(269)
N/A
(186)
+31%
233
N/A
937
+302%
746
-20%
766
+3%
45
-94%
(631)
N/A
(431)
+32%
(632)
-47%
176
N/A
422
+140%
816
+93%
974
+19%
137
-86%
(258)
N/A
(706)
-174%
(647)
+8%
(500)
+23%
(408)
+18%
(529)
-29%
(645)
-22%
(2 947)
-357%
(97)
+97%
359
N/A
717
+100%
(135)
N/A
(354)
-163%
(907)
-156%
(1 169)
-29%
(1 417)
-21%
(1 480)
-4%
(1 346)
+9%
(1 349)
0%
(1 162)
+14%
(1 341)
-15%
(975)
+27%
(789)
+19%
142
N/A
1 028
+625%
882
-14%
279
-68%
262
-6%
(921)
N/A
(434)
+53%
1 284
N/A

See Also

Summary
BAVA intrinsic value, competitors valuation, and company profile.
DCF Valuation
BAVA stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BAVA stock valuation using valuation multiples.
Wall Street Estimates
BAVA price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BAVA stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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