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Bavarian Nordic A/S
CSE:BAVA

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Bavarian Nordic A/S
CSE:BAVA
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Price: 187.6 DKK 0.21% Market Closed
Market Cap: kr14.9B

P/FCFE

11.2
Current
4%
More Expensive
vs 3-y average of 10.8

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
11.2
=
Market Cap
kr15.4B
/
Free Cash Flow to Equity
kr1.3B

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
11.2
=
Market Cap
kr15.4B
/
Free Cash Flow to Equity
kr1.3B

Valuation Scenarios

Bavarian Nordic A/S is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (10.8), the stock would be worth kr180.3 (4% downside from current price).

Statistics
Positive Scenarios
2/3
Maximum Downside
-4%
Maximum Upside
+50%
Average Upside
21%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 11.2 kr187.6
0%
3-Year Average 10.8 kr180.3
-4%
Industry Average 13 kr217.22
+16%
Country Average 16.8 kr281.48
+50%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
DK
Bavarian Nordic A/S
CSE:BAVA
14.7B DKK 11.2 10.6
FR
Pharnext SCA
OTC:PNEXF
6T USD -2 855 158.7 -160 127.7
US
Abbvie Inc
NYSE:ABBV
373.6B USD 23.5 87.7
US
Amgen Inc
NASDAQ:AMGN
186.6B USD 21.8 22.9
US
Gilead Sciences Inc
NASDAQ:GILD
162.4B USD 24.2 19.3
US
Epizyme Inc
F:EPE
94.1B EUR -480.6 -533.6
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
108.6B USD 33.9 27.3
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
74.7B USD 19.9 16.5
NL
argenx SE
XBRU:ARGX
41.3B EUR 159.6 37.4
US
Seagen Inc
F:SGT
39.3B EUR -66.1 -61.8
AU
CSL Ltd
ASX:CSL
60B AUD 35.6 29.6
P/E Multiple
Earnings Growth PEG
DK
B
Bavarian Nordic A/S
CSE:BAVA
Average P/E: 31.4
10.6
-13%
N/A
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
87.7
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
22.9
20%
1.1
US
Gilead Sciences Inc
NASDAQ:GILD
19.3
16%
1.2
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
27.3
19%
1.4
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
16.5
14%
1.2
NL
argenx SE
XBRU:ARGX
37.4
30%
1.2
US
S
Seagen Inc
F:SGT
Negative Multiple: -61.8 N/A N/A
AU
CSL Ltd
ASX:CSL
29.6
9%
3.3

Market Distribution

Lower than 72% of companies in Denmark
Percentile
28th
Based on 316 companies
28th percentile
11.2
Low
1.1 — 12.2
Typical Range
12.2 — 29.1
High
29.1 —
Distribution Statistics
Denmark
Min 1.1
30th Percentile 12.2
Median 16.8
70th Percentile 29.1
Max 349.5

Bavarian Nordic A/S
Glance View

Bavarian Nordic A/S, established in 1994, is a Danish biotechnology powerhouse distinguishing itself in the development and production of vaccines for infectious diseases and immunotherapies for cancer. The company's journey from a promising start-up to a respected player in the global biotech landscape has been driven by its commitment to innovation and strategic partnerships. Its core operations revolve around a sophisticated platform technology capable of developing vaccines quickly and efficiently. This cutting-edge technology enables Bavarian Nordic to address urgent public health needs, such as growing threats from infectious diseases like smallpox, monkeypox, and Ebola. The company's facility in Kvistgaard is crucial to its operations, allowing it to seamlessly transition from research and development to large-scale production, ensuring a quick response to global health challenges. Revenue generation for Bavarian Nordic is predominantly through contracts and collaborations with governments, health organizations, and pharmaceutical companies. Over the years, the company has secured significant agreements, such as those with the U.S. government for the supply of its smallpox and monkeypox vaccines. These contracts provide a steady income stream, allowing the company to reinvest in its R&D efforts and expand its vaccine pipeline. Moreover, Bavarian Nordic’s strategic acquisitions, like their purchase of Rabipur/RabAvert and Encepur from GlaxoSmithKline, have expanded their portfolio and market presence, providing additional revenue channels. This approach not only sustains the company's growth but also aligns with its long-term vision of addressing unmet medical needs worldwide. By continually leveraging its proprietary technology and expanding its network of strategic collaborations, Bavarian Nordic is well-positioned to advance its mission in the global healthcare arena.

BAVA Intrinsic Value
201.3 DKK
Undervaluation 7%
Intrinsic Value
Price kr187.6
B
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