Bavarian Nordic A/S

Bavarian Nordic A/S

245.00
DKK
+1.20
(+0.49%)
18.99EPS
9.62P/E
13.88BMarket Cap
Nov 13Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
36.76
36.52
29.04
26.46
34.27
12.28
16.23
34.27
30.08
44.74
92.06
73.19
80.02
78
Basic EPS, GAAP
-1.42
0.78
1.69
0.8
4.54
-8.88
-8.5
5.13
-7.37
-4.93
19.23
12.65
17.63
18.99
Free Cash Flow per Basic Share
-0.25
6.99
1.29
4.63
3.44
-12.27
-72.22
-2.49
-22.45
-16.49
1.85
3.36
17.46
14.69
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
29.6
35.79
37.9
50.91
61.53
53.47
45.66
83.89
104.82
101.29
132.66
145.2
164.43
174
Tangible Book Value per Share
26.42
32.67
34.85
48.82
60.72
52.68
-88.57
-6.79
22.32
17.1
49.5
64.63
88.29
97.71
Basic Weighted Avg Shares
33
33
35
38
40
41
41
54
63
70
77
78
78
81
Sales/Revenue/Turnover
1,213
1,217
1,021
1,007
1,370
501
662
1,852
1,898
3,151
7,062
5,716
6,244
6,338
Operating Margin (%)
2.76
1.37
0.15
3.28
25.78
-70.81
-49.58
20.49
-16.52
-2.25
21.28
16.44
28.9
30.23
Depreciation Expense
46
45
44
45
38
42
57
360
388
399
554
625
714
731
Net Income, GAAP
-47
26
59
31
181
-362
-347
278
-465
-347
1,475
988
1,375
1,543
Effective Tax Rate (%)
853.45
59.7
23.45
22.63
40.01
- -
- -
1.58
- -
- -
0.52
- -
23.63
22.13
Profit Margin (%)
-3.85
2.13
5.82
3.04
13.24
-72.3
-52.34
14.98
-24.49
-11.03
20.89
17.28
22.03
24.34
Working Capital
511
736
814
1,531
2,524
2,026
-1,392
1,429
2,845
2,197
2,615
2,990
5,140
5,666
LT Debt
72
33
31
30
400
398
443
447
237
629
99
87
85
85
Total Equity
976
1,252
1,342
2,017
2,506
2,181
1,865
4,894
7,375
7,150
10,340
11,409
12,870
13,217
Return on Invested Capital (%)
-23.44
0.57
0.09
1.49
8.55
- -
- -
8.24
- -
- -
15.4
- -
11.23
11.67
Return on Capital (%)
-7.79
2.36
4.62
1.95
7.45
- -
- -
9.97
- -
- -
16.29
- -
11.28
12.14
Return on Common Equity (%)
-4.73
2.33
4.58
1.82
8.02
-15.44
-17.14
8.21
-7.58
-4.78
16.87
9.09
11.33
12.21

Capital Structure

DKK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
46
46
46
LT Borrowings
11
10
10
LT Finance Leases
74
83
76
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
78
77
76
Market Capitalization
14,938
14,893
13,878

Working Capital

DKK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,737
5,967
6,690
Cash, Cash Equivalents & STI
3,334
2,292
2,358
Accounts Receivable, Net
780
882
1,514
Inventories
2,514
2,663
2,681
Total Current Liabilities
1,598
922
1,024
Payables & Accruals
- -
- -
- -
ST Debt
46
46
46
Deferred Revenue
- -
- -
- -

Growth Rates

DKK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.48%
23.08%
12.81%
Free Cash Flow
152.04%
265.1%
419.69%
Net Income, GAAP
-85.09%
-162.24%
39.21%
Sales/Revenue/Turnover
36.6%
36.56%
9.23%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
831
1,427
1,363
2,094
5,716
2025
1,347
1,652
1,795
1,451
6,244
2026
1,058
2,034
- -
- -
- -

Quarterly Earnings Per Share

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.5
3.3
0.9
9.81
12.65
2025
2.7
4.66
13.7
-3.82
17.63
2026
0.2
8.9
- -
- -
- -

Quarterly Dividends Per Share

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Stenvall Tarja
Full Time Employees
1,795
Sector
Health technology
Industry
Biotechnology
Address
Philip Heymans Alle 3 Hellerup CR Denmark 2900
IPO Date
Nov 2, 1998
Business
Bavarian Nordic A/S, a Danish biotechnology company founded in 1994 and headquartered in Hellerup, Denmark, develops, manufactures, and commercializes life-saving vaccines utilizing proprietary MVA-BN viral vector technology; its core marketed products include non-replicating smallpox and mpox vaccines (IMVAMUNE in Canada, IMVANEX in the EU, JYNNEOS in the US), rabies vaccines (Rabipur/RabAvert), tick-borne encephalitis vaccine (Encepur), oral cholera vaccine (Vaxchora), oral typhoid vaccine (Vivotif), and the chikungunya vaccine Vimkunya approved in the US and EU in 2025; it also supplies the Mvabea booster as part of Janssen's Ervebo regimen for Ebola and Marburg viruses. The company operates manufacturing facilities in Kvistgård, Denmark, and Thörishaus, Switzerland, with research and development sites in Martinsried, Germany, and offices across the United States, Canada, France, and other regions, serving governments for public health preparedness and private markets for travel vaccines in the US, Europe, and internationally. Recent strategic expansions include the 2019 acquisition of Rabipur/RabAvert and Encepur from GlaxoSmithKline and the 2023 purchase of Vivotif, Vaxchora, and a chikungunya candidate from Emergent BioSolutions; in 2025, a proposed DKK 19 billion ($3 billion) all-cash takeover by a Nordic Capital and Permira consortium at DKK 233 per share was recommended by the board but terminated in November after receiving only 60% shareholder acceptance short of the 66.7% threshold, enabling the company to persist as an independent listed entity on Nasdaq Copenhagen focused on growth.

Company News

  • Bavarian Nordic (OTCMKTS:BVNRY) Shares Break Above 50 Day Moving Average – What’s Next?

  • Bavarian Nordic (OTCMKTS:BVNRY) Sees Significant Decrease in Short Interest

  • Bavarian Nordic A/S (BVNRY) Q2 2026 Earnings Call Transcript

  • Global warming widens spread of TBE, chikungunya, Bavarian Nordic boss says

  • Bavarian Nordic A/S (BVNRY) Q1 2026 Earnings Call Transcript

  • Denmark's Bavarian Nordic raises 2026 forecast

  • Resolutions of the Annual General Meeting 2026 of Bavarian Nordic A/S

  • Bavarian Nordic – Transactions in Connection with Share Buy-Back Program

  • Bavarian Nordic A/S – Notice Convening Annual General Meeting

  • Bavarian Nordic A/S (BVNRY) Q4 2025 Earnings Call Transcript

  • Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

  • Bavarian Nordic CEO to Step Down After $3 Billion Bid Fails

  • Bavarian Nordic Reports Preliminary 2025 Financial Results and Provides Guidance for 2026

  • Bavarian Nordic – Completion of Share Buy-Back Program

  • Bavarian Nordic – Transactions in Connection with Share Buy-Back Program

  • Bavarian Nordic – Transactions in Connection with Share Buy-Back Program

  • Short Interest in Bavarian Nordic (OTCMKTS:BVNRY) Drops By 41.9%

  • Bavarian Nordic Establishes Long-term Incentive Program for Members of Executive Management and Selected Employees

  • Bavarian Nordic A/S (BVNRY) Q3 2025 Earnings Call Transcript

  • Bavarian Nordic chair Debruyne steps down after failed takeover