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BAVA (Bavarian Nordic) Stock Analysis
Buy, Hold or Sell?

Let's analyze Bavarian Nordic together

I guess you are interested in Bavarian Nordic. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – Bavarian Nordic’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Bavarian Nordic’s Price Targets

I'm going to help you getting a better view of Bavarian Nordic. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Bavarian Nordic (30 sec.)










1.2. What can you expect buying and holding a share of Bavarian Nordic? (30 sec.)

How much money do you get?

How much money do you get?
kr0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
kr147.08
Expected worth in 1 year
kr163.89
How sure are you?
57.5%

+ What do you gain per year?

Total Gains per Share
kr16.81
Return On Investment
9.9%

For what price can you sell your share?

Current Price per Share
kr169.15
Expected price per share
kr123.30 - kr189.30
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Bavarian Nordic (5 min.)




Live pricePrice per Share (EOD)
kr169.15
Intrinsic Value Per Share
kr-345.88 - kr-334.74
Total Value Per Share
kr-198.80 - kr-187.66

2.2. Growth of Bavarian Nordic (5 min.)




Is Bavarian Nordic growing?

Current yearPrevious yearGrowGrow %
How rich?$1.8b$1.5b$180.1m10.3%

How much money is Bavarian Nordic making?

Current yearPrevious yearGrowGrow %
Making money$52.2m$38.9m$13.3m25.5%
Net Profit Margin19.1%6.3%--

How much money comes from the company's main activities?

2.3. Financial Health of Bavarian Nordic (5 min.)




2.4. Comparing to competitors in the Biotechnology industry (5 min.)




  Industry Rankings (Biotechnology)  


Richest
#45 / 884

Most Revenue
#53 / 884

Most Profit
#39 / 884
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Bavarian Nordic?

Welcome investor! Bavarian Nordic's management wants to use your money to grow the business. In return you get a share of Bavarian Nordic.

First you should know what it really means to hold a share of Bavarian Nordic. And how you can make/lose money.

Speculation

The Price per Share of Bavarian Nordic is kr169.15. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Bavarian Nordic.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Bavarian Nordic, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is kr147.08. Based on the TTM, the Book Value Change Per Share is kr4.20 per quarter. Based on the YOY, the Book Value Change Per Share is kr3.29 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bavarian Nordic.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps0.440.3%0.670.4%0.500.3%0.470.3%0.180.1%0.090.1%
Usd Book Value Change Per Share0.300.2%0.670.4%0.520.3%0.730.4%0.640.4%0.520.3%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.300.2%0.670.4%0.520.3%0.730.4%0.640.4%0.520.3%
Usd Price Per Share23.71-29.41-27.10-30.27-33.02-34.69-
Price to Earnings Ratio13.45-23.87--6.16-37.03-19.78-54.18-
Price-to-Total Gains Ratio79.62-58.80--13.51-35.13-4.16-39.69-
Price to Book Ratio1.02-1.33-1.35-1.65-2.24-5.97-
Price-to-Total Gains Ratio79.62-58.80--13.51-35.13-4.16-39.69-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share26.776445
Number of shares37
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.670.64
Usd Total Gains Per Share0.670.64
Gains per Quarter (37 shares)24.6123.84
Gains per Year (37 shares)98.4495.36
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10988809585
201971860191180
302952840286275
403943820381370
504924800477465
605915780572560
706896760668655
807887740763750
908868720858845
1009849700954940

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%9.03.00.075.0%11.09.00.055.0%19.021.00.047.5%31.041.021.033.3%
Book Value Change Per Share4.00.00.0100.0%9.03.00.075.0%13.07.00.065.0%23.017.00.057.5%45.048.00.048.4%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.093.00.0%
Total Gains per Share4.00.00.0100.0%9.03.00.075.0%13.07.00.065.0%23.017.00.057.5%45.048.00.048.4%
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3.2. Key Performance Indicators

The key performance indicators of Bavarian Nordic compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.8824.202-55%3.288-43%4.626-59%4.070-54%3.269-42%
Book Value Per Share--147.083140.578+5%126.813+16%121.367+21%103.272+42%65.205+126%
Current Ratio--2.8102.010+40%1.658+69%1.954+44%2.105+33%3.539-21%
Debt To Asset Ratio--0.1470.215-31%0.297-50%0.303-51%0.350-58%0.329-55%
Debt To Equity Ratio--0.1730.277-38%0.428-60%0.459-62%0.565-69%0.550-69%
Dividend Per Share----0%-0%-0%-0%-0%
Enterprise Value--9773290175.60012568917337.725-22%10899561366.200-10%12820013607.358-24%14371842578.175-32%16462663968.378-41%
Eps--2.7844.209-34%3.163-12%2.953-6%1.146+143%0.583+378%
Ev To Sales Ratio--1.8142.096-13%1.917-5%2.753-34%5.554-67%30.383-94%
Free Cash Flow Per Share---9.606-2.936-69%3.296-391%-1.315-86%-2.207-77%-2.165-77%
Free Cash Flow To Equity Per Share---9.606-2.670-72%3.748-356%0.149-6527%0.974-1086%0.714-1444%
Gross Profit Margin--1.0000.515+94%1.204-17%0.520+92%0.642+56%0.773+29%
Intrinsic Value_10Y_max---334.739----------
Intrinsic Value_10Y_min---345.881----------
Intrinsic Value_1Y_max---9.368----------
Intrinsic Value_1Y_min---13.159----------
Intrinsic Value_3Y_max---46.572----------
Intrinsic Value_3Y_min---58.393----------
Intrinsic Value_5Y_max---105.988----------
Intrinsic Value_5Y_min---123.947----------
Market Cap13161612921.600+11%11769879175.60014565562337.725-19%13344631366.200-12%14923626857.358-21%16258812928.175-28%17062513343.378-31%
Net Profit Margin--0.1620.191-15%0.063+156%0.084+94%-0.115+171%-0.783+582%
Operating Margin---0.068-100%0.062-100%0.056-100%-0.1140%-0.8090%
Operating Ratio--1.3021.045+25%0.936+39%0.978+33%1.115+17%1.781-27%
Pb Ratio1.150+11%1.0181.328-23%1.352-25%1.655-38%2.239-55%5.966-83%
Pe Ratio15.188+11%13.45123.872-44%-6.161+146%37.025-64%19.776-32%54.180-75%
Price Per Share169.150+11%149.800185.813-19%171.225-13%191.229-22%208.615-28%219.114-32%
Price To Free Cash Flow Ratio-4.402-13%-3.899-41.830+973%17.651-122%-17.734+355%-18.171+366%-22.289+472%
Price To Total Gains Ratio89.901+11%79.61758.804+35%-13.506+117%35.130+127%4.156+1816%39.693+101%
Quick Ratio--0.9481.021-7%1.285-26%1.714-45%2.435-61%5.328-82%
Return On Assets--0.0160.023-31%0.0160%0.015+8%0.004+283%-0.001+105%
Return On Equity--0.0190.030-36%0.024-20%0.020-6%0.004+385%-0.003+114%
Total Gains Per Share--1.8824.202-55%3.288-43%4.626-59%4.070-54%3.269-42%
Usd Book Value--1829377011.9001744735505.750+5%1564629997.350+17%1500294067.525+22%1275264934.555+43%804768144.035+127%
Usd Book Value Change Per Share--0.2980.665-55%0.520-43%0.732-59%0.644-54%0.518-42%
Usd Book Value Per Share--23.28322.253+5%20.075+16%19.212+21%16.348+42%10.322+126%
Usd Dividend Per Share----0%-0%-0%-0%-0%
Usd Enterprise Value--1547111834.7971989659614.562-22%1725400564.269-10%2029408154.045-24%2275062680.125-32%2606039706.194-41%
Usd Eps--0.4410.666-34%0.501-12%0.467-6%0.181+143%0.092+378%
Usd Free Cash Flow---119476608.400-36452690.800-69%40679538.250-394%-16277012.817-86%-27233654.975-77%-26683772.223-78%
Usd Free Cash Flow Per Share---1.521-0.465-69%0.522-391%-0.208-86%-0.349-77%-0.343-77%
Usd Free Cash Flow To Equity Per Share---1.521-0.423-72%0.593-356%0.024-6527%0.154-1086%0.113-1444%
Usd Market Cap2083483325.489+11%1863171873.4972305728518.062-19%2112455145.269-12%2362410131.520-21%2573770086.530-28%2700995862.257-31%
Usd Price Per Share26.776+11%23.71329.414-19%27.105-13%30.272-22%33.024-28%34.686-32%
Usd Profit--34629549.70052285975.525-34%38956482.325-11%34383894.483+1%12922907.565+168%6587329.985+426%
Usd Revenue--213165197.000246604647.300-14%262934519.125-19%223705193.558-5%163547470.870+30%100338957.603+112%
Usd Total Gains Per Share--0.2980.665-55%0.520-43%0.732-59%0.644-54%0.518-42%
 EOD+5 -3MRQTTM+11 -26YOY+11 -263Y+14 -235Y+18 -1810Y+18 -18

3.3 Fundamental Score

Let's check the fundamental score of Bavarian Nordic based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.188
Price to Book Ratio (EOD)Between0-11.150
Net Profit Margin (MRQ)Greater than00.162
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.948
Current Ratio (MRQ)Greater than12.810
Debt to Asset Ratio (MRQ)Less than10.147
Debt to Equity Ratio (MRQ)Less than10.173
Return on Equity (MRQ)Greater than0.150.019
Return on Assets (MRQ)Greater than0.050.016
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of Bavarian Nordic based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.483
Ma 20Greater thanMa 50175.930
Ma 50Greater thanMa 100167.179
Ma 100Greater thanMa 200165.418
OpenGreater thanClose168.600
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About Bavarian Nordic

Bavarian Nordic A/S develops, manufactures, and supplies life-saving vaccines. The company offers non-replicating smallpox and monkeypox vaccines under the IMVAMUNE, IMVANEX, and JYNNEOS names; rabies vaccine for human use under the Rabipur/RabAvert name; tick-borne encephalitis vaccine under the Encepur name; Vaxchora, an oral vaccine for immunization against cholera; and Vivotif/Typhoral, an oral vaccine for immunization against typhoid fever. It is also developing MVA-BN WEV for the treatment of encephalitis viruses. It operates in the United States, Denmark, Canada, France, Germany, Singapore, Finland, Netherlands, Switzerland, Sweden, Taiwan, Saudi Arabia, Belgium, and internationally. Bavarian Nordic A/S was incorporated in 1992 and is headquartered in Hellerup, Denmark.

Fundamental data was last updated by Penke on 2025-06-27 04:38:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Bavarian Nordic earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compareΒ Bavarian Nordic to theΒ Biotechnology industry mean.
  • A Net Profit Margin of 16.2%Β means thatΒ kr0.16 for each kr1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bavarian Nordic:

  • The MRQ is 16.2%. The company is making a huge profit. +2
  • The TTM is 19.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ16.2%TTM19.1%-2.9%
TTM19.1%YOY6.3%+12.8%
TTM19.1%5Y-11.5%+30.6%
5Y-11.5%10Y-78.3%+66.8%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ16.2%-92.7%+108.9%
TTM19.1%-141.4%+160.5%
YOY6.3%-186.1%+192.4%
3Y8.4%-248.3%+256.7%
5Y-11.5%-338.6%+327.1%
10Y-78.3%-488.9%+410.6%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Bavarian Nordic is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Bavarian Nordic to theΒ Biotechnology industry mean.
  • 1.6% Return on Assets means thatΒ Bavarian Nordic generatedΒ kr0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bavarian Nordic:

  • The MRQ is 1.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.6%TTM2.3%-0.7%
TTM2.3%YOY1.6%+0.7%
TTM2.3%5Y0.4%+1.9%
5Y0.4%10Y-0.1%+0.5%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6%-11.5%+13.1%
TTM2.3%-11.6%+13.9%
YOY1.6%-11.4%+13.0%
3Y1.5%-11.8%+13.3%
5Y0.4%-12.1%+12.5%
10Y-0.1%-13.8%+13.7%
4.3.1.3. Return on Equity

Shows how efficient Bavarian Nordic is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Bavarian Nordic to theΒ Biotechnology industry mean.
  • 1.9% Return on Equity means Bavarian Nordic generated kr0.02Β for eachΒ kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bavarian Nordic:

  • The MRQ is 1.9%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.9%TTM3.0%-1.1%
TTM3.0%YOY2.4%+0.6%
TTM3.0%5Y0.4%+2.6%
5Y0.4%10Y-0.3%+0.7%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9%-13.6%+15.5%
TTM3.0%-14.9%+17.9%
YOY2.4%-14.4%+16.8%
3Y2.0%-17.0%+19.0%
5Y0.4%-17.9%+18.3%
10Y-0.3%-20.1%+19.8%
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4.3.2. Operating Efficiency of Bavarian Nordic.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Bavarian Nordic is operatingΒ .

  • Measures how much profit Bavarian Nordic makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ Bavarian Nordic to theΒ Biotechnology industry mean.
  • An Operating Margin of 0.0%Β means the company generated kr0.00 Β for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bavarian Nordic:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM6.8%-6.8%
TTM6.8%YOY6.2%+0.6%
TTM6.8%5Y-11.4%+18.2%
5Y-11.4%10Y-80.9%+69.5%
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ--229.2%+229.2%
TTM6.8%-250.3%+257.1%
YOY6.2%-205.1%+211.3%
3Y5.6%-220.2%+225.8%
5Y-11.4%-342.6%+331.2%
10Y-80.9%-475.5%+394.6%
4.3.2.2. Operating Ratio

Measures how efficient Bavarian Nordic is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Biotechnology industry mean).
  • An Operation Ratio of 1.30 means that the operating costs are kr1.30 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Bavarian Nordic:

  • The MRQ is 1.302. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.045. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.302TTM1.045+0.258
TTM1.045YOY0.936+0.109
TTM1.0455Y1.115-0.071
5Y1.11510Y1.781-0.666
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3022.110-0.808
TTM1.0452.704-1.659
YOY0.9363.063-2.127
3Y0.9783.576-2.598
5Y1.1154.713-3.598
10Y1.7816.512-4.731
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4.4.3. Liquidity of Bavarian Nordic.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Bavarian Nordic is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Biotechnology industry mean).
  • A Current Ratio of 2.81Β means the company has kr2.81 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Bavarian Nordic:

  • The MRQ is 2.810. The company is able to pay all its short-term debts. +1
  • The TTM is 2.010. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.810TTM2.010+0.799
TTM2.010YOY1.658+0.352
TTM2.0105Y2.105-0.095
5Y2.10510Y3.539-1.433
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ2.8103.661-0.851
TTM2.0103.786-1.776
YOY1.6584.121-2.463
3Y1.9544.680-2.726
5Y2.1055.765-3.660
10Y3.5396.150-2.611
4.4.3.2. Quick Ratio

Measures if Bavarian Nordic is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Bavarian Nordic to theΒ Biotechnology industry mean.
  • A Quick Ratio of 0.95Β means the company can pay off kr0.95 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bavarian Nordic:

  • The MRQ is 0.948. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.021. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ0.948TTM1.021-0.073
TTM1.021YOY1.285-0.264
TTM1.0215Y2.435-1.414
5Y2.43510Y5.328-2.893
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9482.826-1.878
TTM1.0213.128-2.107
YOY1.2853.782-2.497
3Y1.7144.304-2.590
5Y2.4355.703-3.268
10Y5.3286.454-1.126
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4.5.4. Solvency of Bavarian Nordic.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of Bavarian NordicΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Bavarian Nordic to Biotechnology industry mean.
  • A Debt to Asset Ratio of 0.15Β means that Bavarian Nordic assets areΒ financed with 14.7% credit (debt) and the remaining percentage (100% - 14.7%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of Bavarian Nordic:

  • The MRQ is 0.147. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.215. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.147TTM0.215-0.067
TTM0.215YOY0.297-0.083
TTM0.2155Y0.350-0.135
5Y0.35010Y0.329+0.021
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1470.324-0.177
TTM0.2150.347-0.132
YOY0.2970.327-0.030
3Y0.3030.339-0.036
5Y0.3500.349+0.001
10Y0.3290.382-0.053
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Bavarian Nordic is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Bavarian Nordic to theΒ Biotechnology industry mean.
  • A Debt to Equity ratio of 17.3% means that company has kr0.17 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bavarian Nordic:

  • The MRQ is 0.173. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.277. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.173TTM0.277-0.104
TTM0.277YOY0.428-0.150
TTM0.2775Y0.565-0.288
5Y0.56510Y0.550+0.016
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1730.383-0.210
TTM0.2770.436-0.159
YOY0.4280.410+0.018
3Y0.4590.446+0.013
5Y0.5650.460+0.105
10Y0.5500.509+0.041
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every kr1 in earnings Bavarian Nordic generates.

  • Above 15 is considered overpriced butΒ always compareΒ Bavarian Nordic to theΒ Biotechnology industry mean.
  • A PE ratio of 13.45 means the investor is paying kr13.45Β for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bavarian Nordic:

  • The EOD is 15.188. Based on the earnings, the company is fair priced.
  • The MRQ is 13.451. Based on the earnings, the company is underpriced. +1
  • The TTM is 23.872. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD15.188MRQ13.451+1.737
MRQ13.451TTM23.872-10.422
TTM23.872YOY-6.161+30.034
TTM23.8725Y19.776+4.096
5Y19.77610Y54.180-34.403
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD15.188-2.197+17.385
MRQ13.451-2.027+15.478
TTM23.872-2.527+26.399
YOY-6.161-3.733-2.428
3Y37.025-3.717+40.742
5Y19.776-6.036+25.812
10Y54.180-6.649+60.829
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bavarian Nordic:

  • The EOD is -4.402. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.899. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -41.830. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.402MRQ-3.899-0.504
MRQ-3.899TTM-41.830+37.932
TTM-41.830YOY17.651-59.481
TTM-41.8305Y-18.171-23.659
5Y-18.17110Y-22.289+4.117
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD-4.402-3.007-1.395
MRQ-3.899-2.704-1.195
TTM-41.830-3.627-38.203
YOY17.651-4.334+21.985
3Y-17.734-5.070-12.664
5Y-18.171-8.532-9.639
10Y-22.289-9.305-12.984
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Bavarian Nordic is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Biotechnology industry mean).
  • A PB ratio of 1.02 means the investor is paying kr1.02Β for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Bavarian Nordic:

  • The EOD is 1.150. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.018. Based on the equity, the company is underpriced. +1
  • The TTM is 1.328. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.150MRQ1.018+0.132
MRQ1.018TTM1.328-0.309
TTM1.328YOY1.352-0.024
TTM1.3285Y2.239-0.912
5Y2.23910Y5.966-3.727
Compared to industry (Biotechnology)
PeriodCompanyIndustry (mean)+/- 
EOD1.1501.921-0.771
MRQ1.0181.843-0.825
TTM1.3282.113-0.785
YOY1.3522.467-1.115
3Y1.6552.541-0.886
5Y2.2393.666-1.427
10Y5.9664.311+1.655
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in DKK. All numbers in thousands.

Summary
Total Assets13,552,982
Total Liabilities1,996,589
Total Stockholder Equity11,556,393
 As reported
Total Liabilities 1,996,589
Total Stockholder Equity+ 11,556,393
Total Assets = 13,552,982

Assets

Total Assets13,552,982
Total Current Assets5,078,084
Long-term Assets8,474,898
Total Current Assets
Cash And Cash Equivalents 691,509
Short-term Investments 544,352
Net Receivables 1,169,545
Inventory 2,469,407
Total Current Assets  (as reported)5,078,084
Total Current Assets  (calculated)4,874,813
+/- 203,271
Long-term Assets
Property Plant Equipment 2,181,185
Intangible Assets 6,237,643
Long-term Assets  (as reported)8,474,898
Long-term Assets  (calculated)8,418,828
+/- 56,070

Liabilities & Shareholders' Equity

Total Current Liabilities1,807,394
Long-term Liabilities189,195
Total Stockholder Equity11,556,393
Total Current Liabilities
Short Long Term Debt 2,074
Accounts payable 477,087
Other Current Liabilities 738,769
Total Current Liabilities  (as reported)1,807,394
Total Current Liabilities  (calculated)1,217,930
+/- 589,464
Long-term Liabilities
Long term Debt 12,533
Capital Lease Obligations Min Short Term Debt102,352
Long-term Liabilities  (as reported)189,195
Long-term Liabilities  (calculated)114,885
+/- 74,310
Total Stockholder Equity
Retained Earnings 10,515,621
Total Stockholder Equity (as reported)11,556,393
Total Stockholder Equity (calculated)10,515,621
+/- 1,040,772
Other
Capital Stock788,548
Common Stock Shares Outstanding 78,571
Net Invested Capital 11,571,000
Net Working Capital 3,270,690
Property Plant and Equipment Gross 2,181,185



6.2. Balance Sheets Structured

Currency in DKK. All numbers in thousands.

 Trend2025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-06-30
> Total Assets 
107,200
61,874
37,100
114,700
91,700
317,701
288,500
271,000
405,600
429,169
413,400
402,000
511,400
602,101
657,300
994,700
963,300
928,564
1,085,600
1,029,600
1,010,100
954,420
1,309,200
1,292,700
1,277,800
1,732,050
1,730,100
1,657,500
1,649,900
1,694,261
1,444,500
1,415,500
1,319,200
1,271,104
1,442,300
1,560,500
1,370,600
1,467,128
1,377,100
1,940,200
1,842,600
1,976,587
1,885,900
1,689,300
1,644,000
1,539,181
1,389,200
1,497,600
1,454,400
1,452,206
1,332,400
1,255,200
1,263,800
1,887,268
2,463,900
2,220,600
2,139,139
1,989,263
1,862,610
2,481,714
2,582,921
2,823,698
2,881,566
3,068,199
2,916,240
3,152,671
3,029,816
3,155,562
3,103,313
3,060,936
2,761,815
2,672,034
2,563,218
7,047,068
9,005,271
9,242,710
9,451,135
8,759,064
9,748,434
10,008,378
10,117,524
12,089,269
11,991,549
12,028,556
12,295,000
12,391,246
13,180,857
14,993,241
13,399,238
14,353,213
13,620,931
14,274,445
13,948,777
14,405,864
13,552,982
13,552,98214,405,86413,948,77714,274,44513,620,93114,353,21313,399,23814,993,24113,180,85712,391,24612,295,00012,028,55611,991,54912,089,26910,117,52410,008,3789,748,4348,759,0649,451,1359,242,7109,005,2717,047,0682,563,2182,672,0342,761,8153,060,9363,103,3133,155,5623,029,8163,152,6712,916,2403,068,1992,881,5662,823,6982,582,9212,481,7141,862,6101,989,2632,139,1392,220,6002,463,9001,887,2681,263,8001,255,2001,332,4001,452,2061,454,4001,497,6001,389,2001,539,1811,644,0001,689,3001,885,9001,976,5871,842,6001,940,2001,377,1001,467,1281,370,6001,560,5001,442,3001,271,1041,319,2001,415,5001,444,5001,694,2611,649,9001,657,5001,730,1001,732,0501,277,8001,292,7001,309,200954,4201,010,1001,029,6001,085,600928,564963,300994,700657,300602,101511,400402,000413,400429,169405,600271,000288,500317,70191,700114,70037,10061,874107,200
   > Total Current Assets 
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
555,981
697,800
798,500
562,900
637,940
524,800
1,068,000
969,000
1,111,359
1,043,000
1,043,000
1,008,300
894,921
736,200
941,600
868,700
900,369
771,900
673,100
671,300
1,319,123
1,923,900
1,702,600
1,586,396
1,404,258
1,248,654
1,845,206
1,998,508
2,282,567
2,347,042
2,559,990
2,575,004
2,770,485
2,628,431
2,710,095
2,622,727
2,508,256
2,078,009
1,879,219
1,681,076
654,874
2,630,588
2,887,721
3,091,224
2,381,047
3,342,901
3,581,983
3,593,960
4,753,639
4,439,425
4,357,749
4,545,764
4,484,580
5,123,141
4,415,086
4,461,201
5,403,051
4,816,735
5,390,533
5,189,798
5,786,998
5,078,084
5,078,0845,786,9985,189,7985,390,5334,816,7355,403,0514,461,2014,415,0865,123,1414,484,5804,545,7644,357,7494,439,4254,753,6393,593,9603,581,9833,342,9012,381,0473,091,2242,887,7212,630,588654,8741,681,0761,879,2192,078,0092,508,2562,622,7272,710,0952,628,4312,770,4852,575,0042,559,9902,347,0422,282,5671,998,5081,845,2061,248,6541,404,2581,586,3961,702,6001,923,9001,319,123671,300673,100771,900900,369868,700941,600736,200894,9211,008,3001,043,0001,043,0001,111,359969,0001,068,000524,800637,940562,900798,500697,800555,981000000000000000000000000000000000
       Cash And Cash Equivalents 
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
80,954
203,700
102,800
198,000
266,783
121,900
172,100
50,600
272,107
253,600
232,000
266,400
353,545
139,500
294,000
148,800
346,799
227,200
114,600
146,000
398,357
1,019,300
505,200
462,345
374,063
185,008
459,220
209,333
853,596
1,005,168
358,134
459,188
282,521
150,347
179,551
345,652
266,658
140,312
114,172
104,555
297,545
1,464,523
376,921
561,445
285,487
245,835
185,901
341,822
591,820
401,366
290,801
718,646
575,407
1,271,717
831,802
1,032,182
1,477,234
860,814
816,402
996,692
1,623,490
691,509
691,5091,623,490996,692816,402860,8141,477,2341,032,182831,8021,271,717575,407718,646290,801401,366591,820341,822185,901245,835285,487561,445376,9211,464,523297,545104,555114,172140,312266,658345,652179,551150,347282,521459,188358,1341,005,168853,596209,333459,220185,008374,063462,345505,2001,019,300398,357146,000114,600227,200346,799148,800294,000139,500353,545266,400232,000253,600272,10750,600172,100121,900266,783198,000102,800203,70080,954000000000000000000000000000000000
       Short-term Investments 
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
138,900
96,000
97,100
88,871
91,200
507,900
461,100
311,919
275,300
279,300
280,000
196,359
283,500
280,600
282,500
185,282
187,700
188,900
90,100
581,350
588,200
781,100
780,544
692,722
793,189
1,048,721
1,054,077
1,061,248
1,051,226
1,954,443
1,956,980
2,311,912
2,295,699
2,300,308
2,063,042
2,050,556
1,787,542
1,523,558
1,391,041
174,819
740,627
2,002,986
2,007,662
1,384,120
2,342,787
2,327,547
2,296,242
3,124,795
3,045,703
2,962,638
2,522,932
2,269,759
1,699,447
553,097
474,064
390,247
1,431,085
1,420,782
874,802
551,538
544,352
544,352551,538874,8021,420,7821,431,085390,247474,064553,0971,699,4472,269,7592,522,9322,962,6383,045,7033,124,7952,296,2422,327,5472,342,7871,384,1202,007,6622,002,986740,627174,8191,391,0411,523,5581,787,5422,050,5562,063,0422,300,3082,295,6992,311,9121,956,9801,954,4431,051,2261,061,2481,054,0771,048,721793,189692,722780,544781,100588,200581,35090,100188,900187,700185,282282,500280,600283,500196,359280,000279,300275,300311,919461,100507,90091,20088,87197,10096,000138,9000000000000000000000000000000000000
       Net Receivables 
2,200
1,817
2,800
18,400
20,600
64,605
54,900
35,800
143,500
58,034
29,900
42,500
34,700
73,697
80,000
132,000
43,500
39,001
36,800
65,100
52,800
31,756
40,800
45,800
34,700
161,334
174,400
181,800
190,500
42,713
39,600
36,100
53,100
104,044
33,700
305,100
34,500
21,385
28,300
48,400
68,300
198,743
128,500
164,900
113,400
56,592
87,600
111,000
190,300
110,117
129,900
105,800
184,400
186,783
68,400
183,300
88,900
137,927
51,405
74,494
514,013
130,391
13,099
19,832
35,774
19,396
12,011
30,883
21,668
31,227
39,601
82,188
42,088
43,405
210,604
318,286
130,662
139,292
159,187
339,955
302,973
381,624
285,396
506,890
654,282
523,145
783,653
1,310,244
1,162,322
1,778,104
663,090
1,059,820
1,027,437
1,175,744
1,169,545
1,169,5451,175,7441,027,4371,059,820663,0901,778,1041,162,3221,310,244783,653523,145654,282506,890285,396381,624302,973339,955159,187139,292130,662318,286210,60443,40542,08882,18839,60131,22721,66830,88312,01119,39635,77419,83213,099130,391514,01374,49451,405137,92788,900183,30068,400186,783184,400105,800129,900110,117190,300111,00087,60056,592113,400164,900128,500198,74368,30048,40028,30021,38534,500305,10033,700104,04453,10036,10039,60042,713190,500181,800174,400161,33434,70045,80040,80031,75652,80065,10036,80039,00143,500132,00080,00073,69734,70042,50029,90058,034143,50035,80054,90064,60520,60018,4002,8001,8172,200
       Other Current Assets 
0
380
0
0
0
1,401
0
0
0
11,131
0
0
0
2,297
0
0
85,200
3,467
0
0
0
8,860
0
9,500
37,100
12,598
12,400
8,700
32,000
51,792
72,000
86,800
77,000
124,515
117,400
396,000
145,700
139,449
164,600
173,200
182,100
308,408
241,000
269,000
206,500
115,816
128,600
133,800
29,400
24,520
22,500
27,500
18,000
30,786
105,600
93,800
109,469
117,125
110,506
74,520
6,506
105,296
74,011
90,370
44,089
55,524
46,834
37,450
60,906
58,927
14,059
39,880
42,773
34,752
28,070
34,932
33,990
50,242
42,261
61,137
99,645
175,357
103,390
79,011
58,690
197,197
165,238
211,540
52,685
113,730
78,859
54,656
1,133,721
0
0
001,133,72154,65678,859113,73052,685211,540165,238197,19758,69079,011103,390175,35799,64561,13742,26150,24233,99034,93228,07034,75242,77339,88014,05958,92760,90637,45046,83455,52444,08990,37074,011105,2966,50674,520110,506117,125109,46993,800105,60030,78618,00027,50022,50024,52029,400133,800128,600115,816206,500269,000241,000308,408182,100173,200164,600139,449145,700396,000117,400124,51577,00086,80072,00051,79232,0008,70012,40012,59837,1009,50008,8600003,46785,200002,29700011,1310001,4010003800
   > Long-term Assets 
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
715,123
744,500
762,000
807,700
829,188
852,300
872,200
873,600
865,228
842,900
646,300
635,700
644,260
653,000
556,000
585,700
551,837
560,500
582,100
592,500
568,145
540,000
518,000
552,743
585,005
613,956
636,508
584,413
541,131
534,524
508,209
341,236
382,186
401,385
445,467
480,586
552,680
683,806
792,815
882,142
6,392,194
6,374,683
6,354,989
6,359,911
6,378,017
6,405,533
6,426,395
6,523,564
7,335,630
7,552,124
7,670,807
7,749,236
7,906,666
8,057,716
10,578,155
8,938,037
8,950,162
8,804,196
8,883,912
8,758,979
8,618,866
8,474,898
8,474,8988,618,8668,758,9798,883,9128,804,1968,950,1628,938,03710,578,1558,057,7167,906,6667,749,2367,670,8077,552,1247,335,6306,523,5646,426,3956,405,5336,378,0176,359,9116,354,9896,374,6836,392,194882,142792,815683,806552,680480,586445,467401,385382,186341,236508,209534,524541,131584,413636,508613,956585,005552,743518,000540,000568,145592,500582,100560,500551,837585,700556,000653,000644,260635,700646,300842,900865,228873,600872,200852,300829,188807,700762,000744,500715,123000000000000000000000000000000000
       Property Plant Equipment 
0
8,947
8,600
10,300
11,700
10,182
19,600
36,000
33,300
24,080
78,200
92,700
128,300
207,488
0
0
0
346,087
0
0
0
408,057
417,800
390,900
378,200
379,233
373,500
370,200
365,700
340,392
343,600
339,300
346,300
354,485
348,300
347,800
355,800
360,815
362,600
360,100
461,500
348,780
342,100
332,600
328,600
320,534
313,900
310,900
316,700
322,746
325,900
331,200
333,700
336,573
327,200
323,100
318,697
325,760
322,039
326,837
322,512
326,336
319,251
314,673
309,916
347,978
369,628
414,021
448,979
518,808
652,563
763,508
854,558
906,494
946,659
977,745
991,709
1,083,143
1,166,417
1,231,841
1,341,961
1,488,511
1,619,063
1,687,612
1,714,614
1,751,406
1,745,591
2,423,629
2,381,439
2,452,685
2,377,673
2,354,173
2,311,813
2,242,467
2,181,185
2,181,1852,242,4672,311,8132,354,1732,377,6732,452,6852,381,4392,423,6291,745,5911,751,4061,714,6141,687,6121,619,0631,488,5111,341,9611,231,8411,166,4171,083,143991,709977,745946,659906,494854,558763,508652,563518,808448,979414,021369,628347,978309,916314,673319,251326,336322,512326,837322,039325,760318,697323,100327,200336,573333,700331,200325,900322,746316,700310,900313,900320,534328,600332,600342,100348,780461,500360,100362,600360,815355,800347,800348,300354,485346,300339,300343,600340,392365,700370,200373,500379,233378,200390,900417,800408,057000346,087000207,488128,30092,70078,20024,08033,30036,00019,60010,18211,70010,3008,6008,9470
       Long Term Investments 
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
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
0
0
1,334
1,331
1,384
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000001,3841,3311,3340000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
1,233
0
0
0
5,421
0
0
0
9,500
0
0
0
18,730
0
0
0
12,969
0
10,100
8,700
24,363
31,900
46,200
57,800
87,229
101,700
110,100
117,400
126,800
129,100
131,600
131,600
133,585
132,000
131,800
17,800
131,926
129,100
133,300
135,200
148,485
157,000
65,400
94,800
104,629
112,700
115,300
120,100
109,194
90,400
94,700
96,867
108,189
120,756
131,698
103,098
83,019
71,796
49,900
29,862
32,992
30,422
30,100
30,259
32,500
29,909
27,976
26,200
5,484,255
5,424,399
5,373,285
5,364,074
5,290,752
5,234,554
5,189,871
5,162,139
5,803,956
5,880,752
5,813,476
5,864,519
5,942,637
6,083,663
7,904,276
6,535,348
6,481,736
6,404,392
6,506,979
6,418,813
6,330,892
6,237,643
6,237,6436,330,8926,418,8136,506,9796,404,3926,481,7366,535,3487,904,2766,083,6635,942,6375,864,5195,813,4765,880,7525,803,9565,162,1395,189,8715,234,5545,290,7525,364,0745,373,2855,424,3995,484,25526,20027,97629,90932,50030,25930,10030,42232,99229,86249,90071,79683,019103,098131,698120,756108,18996,86794,70090,400109,194120,100115,300112,700104,62994,80065,400157,000148,485135,200133,300129,100131,92617,800131,800132,000133,585131,600131,600129,100126,800117,400110,100101,70087,22957,80046,20031,90024,3638,70010,100012,96900018,7300009,5000005,4210001,23300000
       Other Assets 
0
457
0
0
0
101,362
90,400
78,300
41,400
46,913
25,400
40,400
59,300
84,355
354,200
403,800
344,300
126,273
500,100
518,400
561,500
160,177
159,300
181,500
242,800
159,588
180,700
167,200
217,200
253,848
268,200
317,200
334,400
402,687
396,200
414,200
451,900
489,758
489,700
512,100
519,100
516,448
500,800
313,700
307,100
323,726
339,100
245,100
269,000
229,091
234,600
250,900
258,800
231,572
212,800
194,900
234,046
259,245
291,917
309,671
261,901
214,795
215,273
193,536
31,320
34,208
1,335
1,346
1,348
1,372
0
1,331
1,384
1,445
3,625
3,959
4,128
4,122
4,562
4,683
19,464
43,163
52,309
169,719
170,103
212,623
0
250,250
21,250
0
0
0
0
0
0
00000021,250250,2500212,623170,103169,71952,30943,16319,4644,6834,5624,1224,1283,9593,6251,4451,3841,33101,3721,3481,3461,33534,20831,320193,536215,273214,795261,901309,671291,917259,245234,046194,900212,800231,572258,800250,900234,600229,091269,000245,100339,100323,726307,100313,700500,800516,448519,100512,100489,700489,758451,900414,200396,200402,687334,400317,200268,200253,848217,200167,200180,700159,588242,800181,500159,300160,177561,500518,400500,100126,273344,300403,800354,20084,35559,30040,40025,40046,91341,40078,30090,400101,3620004570
> Total Liabilities 
18,500
17,731
14,500
35,100
31,000
121,262
39,900
31,300
74,500
82,168
28,700
23,600
165,900
286,711
353,800
295,300
271,100
298,460
270,700
251,200
270,800
263,021
214,800
207,900
200,400
514,387
504,700
507,600
623,100
679,133
541,800
567,900
525,900
566,890
542,700
738,200
675,300
656,693
650,600
664,000
646,200
768,987
690,900
669,600
591,700
539,505
427,700
531,500
457,800
475,916
353,700
330,200
382,300
635,174
1,195,000
871,800
836,476
646,784
650,177
677,233
668,325
806,461
841,796
945,594
278,852
646,374
696,763
905,731
824,772
880,308
674,663
685,457
671,116
5,181,613
3,894,718
3,991,561
4,187,018
3,864,711
3,827,691
4,219,828
4,346,825
4,714,602
4,866,251
5,149,461
5,337,170
5,241,259
4,059,956
5,307,490
4,063,375
4,013,281
3,446,659
3,837,728
3,263,638
2,997,303
1,996,589
1,996,5892,997,3033,263,6383,837,7283,446,6594,013,2814,063,3755,307,4904,059,9565,241,2595,337,1705,149,4614,866,2514,714,6024,346,8254,219,8283,827,6913,864,7114,187,0183,991,5613,894,7185,181,613671,116685,457674,663880,308824,772905,731696,763646,374278,852945,594841,796806,461668,325677,233650,177646,784836,476871,8001,195,000635,174382,300330,200353,700475,916457,800531,500427,700539,505591,700669,600690,900768,987646,200664,000650,600656,693675,300738,200542,700566,890525,900567,900541,800679,133623,100507,600504,700514,387200,400207,900214,800263,021270,800251,200270,700298,460271,100295,300353,800286,711165,90023,60028,70082,16874,50031,30039,900121,26231,00035,10014,50017,73118,500
   > Total Current Liabilities 
18,500
17,634
13,800
32,900
28,900
116,669
35,500
27,800
70,900
77,201
24,000
14,100
41,900
240,604
263,500
212,800
150,500
86,260
53,400
38,100
83,900
112,425
90,900
89,300
84,900
379,714
396,200
401,900
520,800
626,473
444,700
473,400
434,600
453,866
428,800
619,900
565,800
550,184
549,900
566,200
547,200
663,578
589,200
567,300
492,800
485,262
372,700
436,400
363,900
389,252
269,200
247,500
292,300
583,278
1,143,600
820,900
786,603
590,234
594,142
621,712
612,720
751,798
787,665
891,995
250,736
246,614
297,540
507,046
426,625
482,695
222,462
236,967
226,277
2,047,221
710,004
735,553
1,778,651
952,310
1,449,577
1,827,945
2,312,735
1,908,558
2,031,266
2,196,134
2,313,478
2,287,340
1,789,268
2,926,419
2,887,070
2,787,869
2,935,253
3,649,400
3,079,228
2,797,008
1,807,394
1,807,3942,797,0083,079,2283,649,4002,935,2532,787,8692,887,0702,926,4191,789,2682,287,3402,313,4782,196,1342,031,2661,908,5582,312,7351,827,9451,449,577952,3101,778,651735,553710,0042,047,221226,277236,967222,462482,695426,625507,046297,540246,614250,736891,995787,665751,798612,720621,712594,142590,234786,603820,9001,143,600583,278292,300247,500269,200389,252363,900436,400372,700485,262492,800567,300589,200663,578547,200566,200549,900550,184565,800619,900428,800453,866434,600473,400444,700626,473520,800401,900396,200379,71484,90089,30090,900112,42583,90038,10053,40086,260150,500212,800263,500240,60441,90014,10024,00077,20170,90027,80035,500116,66928,90032,90013,80017,63418,500
       Short-term Debt 
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
14,800
12,100
110,800
8,996
101,400
108,300
134,300
9,002
8,800
9,200
9,000
52,397
52,100
9,000
-256,500
-256,033
-186,400
-136,300
-211,200
-503,666
-872,800
-757,800
-720,277
-496,232
-541,699
-547,901
-459,400
2,136
2,136
-835,294
2,136
2,152
35,097
290,481
193,982
248,877
20,505
20,116
29,106
1,390,210
16,041
17,492
22,858
24,010
24,115
330,871
852,694
896,344
897,294
898,100
898,370
1,138,372
25,758
45,968
39,548
46,546
46,927
41,886
37,652
0
0
0037,65241,88646,92746,54639,54845,96825,7581,138,372898,370898,100897,294896,344852,694330,87124,11524,01022,85817,49216,0411,390,21029,10620,11620,505248,877193,982290,48135,0972,1522,136-835,2942,1362,136-459,400-547,901-541,699-496,232-720,277-757,800-872,800-503,666-211,200-136,300-186,400-256,033-256,5009,00052,10052,3979,0009,2008,8009,002134,300108,300101,4008,996110,80012,10014,8000000000000000000000000000000000000
       Short Long Term Debt 
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
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
32,109
31,394
30,786
2,154
2,281
2,151
2,392
2,151
2,536
2,148
2,148
2,148
1,375,116
2,163
2,163
2,163
2,174
2,173
308,878
830,787
874,373
874,372
874,373
874,372
1,105,583
1,923
1,924
1,923
1,913
1,913
1,913
1,913
2,074
2,074
2,0742,0741,9131,9131,9131,9131,9231,9241,9231,105,583874,372874,373874,372874,373830,787308,8782,1732,1742,1632,1632,1631,375,1162,1482,1482,1482,5362,1512,3922,1512,2812,15430,78631,39432,1090000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
6,398
0
0
0
89,148
0
0
0
49,751
0
0
0
85,389
0
0
0
28,698
0
0
0
19,689
0
20,300
17,400
21,588
16,300
18,900
23,100
63,825
34,500
49,600
33,000
48,020
23,600
59,600
45,200
50,085
63,700
75,500
39,800
84,401
72,600
64,100
82,100
104,167
41,300
83,600
88,600
113,510
61,900
87,400
69,800
58,666
67,200
47,200
51,557
69,574
35,429
56,397
45,909
71,958
42,126
34,322
36,452
82,901
36,261
71,545
37,048
93,962
93,881
112,051
116,951
112,088
150,910
201,496
296,174
345,320
273,291
298,545
222,795
263,611
204,418
195,456
381,904
605,928
444,834
764,233
793,693
954,142
480,274
1,124,787
672,779
1,045,134
477,087
477,0871,045,134672,7791,124,787480,274954,142793,693764,233444,834605,928381,904195,456204,418263,611222,795298,545273,291345,320296,174201,496150,910112,088116,951112,05193,88193,96237,04871,54536,26182,90136,45234,32242,12671,95845,90956,39735,42969,57451,55747,20067,20058,66669,80087,40061,900113,51088,60083,60041,300104,16782,10064,10072,60084,40139,80075,50063,70050,08545,20059,60023,60048,02033,00049,60034,50063,82523,10018,90016,30021,58817,40020,300019,68900028,69800085,38900049,75100089,1480006,3980
       Other Current Liabilities 
0
6,225
13,800
32,900
28,900
923
35,500
27,800
70,900
4,512
24,000
14,100
41,900
24,176
263,500
212,800
150,500
32,649
53,400
38,100
83,900
40,997
90,900
28,000
27,500
342,965
342,200
346,300
461,800
480,536
376,100
390,600
369,500
405,793
389,700
546,900
407,900
491,074
384,800
381,800
372,600
569,176
506,900
493,900
400,000
326,542
279,100
343,500
1,000
2,251
3,900
6,800
6,700
17,136
199,800
12,100
10,814
19,869
11,780
12,898
101,961
146,987
108,197
15,384
103,046
81,805
70,127
81,084
80,229
96,930
-630
-222
973
538,292
514,936
490,093
1,378,140
508,136
1,078,354
1,145,633
1,184,428
779,543
805,163
979,869
1,007,214
526,488
1,314,731
2,108,638
2,046,218
1,772,771
2,399,414
2,475,763
2,362,105
1,081,465
738,769
738,7691,081,4652,362,1052,475,7632,399,4141,772,7712,046,2182,108,6381,314,731526,4881,007,214979,869805,163779,5431,184,4281,145,6331,078,354508,1361,378,140490,093514,936538,292973-222-63096,93080,22981,08470,12781,805103,04615,384108,197146,987101,96112,89811,78019,86910,81412,100199,80017,1366,7006,8003,9002,2511,000343,500279,100326,542400,000493,900506,900569,176372,600381,800384,800491,074407,900546,900389,700405,793369,500390,600376,100480,536461,800346,300342,200342,96527,50028,00090,90040,99783,90038,10053,40032,649150,500212,800263,50024,17641,90014,10024,0004,51270,90027,80035,50092328,90032,90013,8006,2250
   > Long-term Liabilities 
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
113,024
113,900
118,300
109,500
106,509
100,700
97,800
99,000
105,409
101,700
102,300
98,900
54,243
55,000
95,100
93,900
86,664
84,500
82,700
90,000
51,896
51,400
50,900
49,873
56,550
56,035
55,521
55,605
54,663
54,131
53,599
28,116
399,760
399,223
398,685
398,147
397,613
452,201
448,490
444,839
3,134,392
3,184,714
3,256,008
2,408,367
2,912,401
2,378,114
2,391,883
2,034,090
2,806,044
2,834,985
2,953,327
3,023,692
2,953,919
2,270,688
2,381,071
1,176,305
1,225,412
511,406
188,328
184,410
200,295
189,195
189,195200,295184,410188,328511,4061,225,4121,176,3052,381,0712,270,6882,953,9193,023,6922,953,3272,834,9852,806,0442,034,0902,391,8832,378,1142,912,4012,408,3673,256,0083,184,7143,134,392444,839448,490452,201397,613398,147398,685399,223399,76028,11653,59954,13154,66355,60555,52156,03556,55049,87350,90051,40051,89690,00082,70084,50086,66493,90095,10055,00054,24398,900102,300101,700105,40999,00097,800100,700106,509109,500118,300113,900113,024000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
1,036
4,400
500
3,600
2,063
4,700
9,500
124,000
6,860
0
0
9,300
4,282
0
0
0
1,620
0
1,900
1,500
0
0
0
0
1
0
0
0
11,099
11,100
11,100
11,100
8,708
8,700
8,700
8,700
15,256
15,300
15,300
15,300
17,262
18,400
18,900
19,400
14,830
14,800
14,800
14,800
18,603
18,600
18,600
18,057
25,226
25,226
25,226
25,226
24,949
24,949
24,949
0
0
0
0
0
0
0
0
0
2,691,400
2,715,580
2,789,858
1,954,280
2,464,932
1,915,908
1,934,498
1,953,519
2,729,601
2,759,251
2,881,056
2,956,888
2,891,077
0
2,305,328
1,109,761
0
0
0
0
0
0
0000001,109,7612,305,32802,891,0772,956,8882,881,0562,759,2512,729,6011,953,5191,934,4981,915,9082,464,9321,954,2802,789,8582,715,5802,691,40000000000024,94924,94924,94925,22625,22625,22625,22618,05718,60018,60018,60314,80014,80014,80014,83019,40018,90018,40017,26215,30015,30015,30015,2568,7008,7008,7008,70811,10011,10011,10011,099000100001,5001,90001,6200004,2829,300006,860124,0009,5004,7002,0633,6005004,4001,03600000
> Total Stockholder Equity
88,700
44,143
22,600
79,600
60,700
196,439
248,600
239,700
331,100
347,001
384,700
378,400
345,500
315,390
303,500
699,400
692,200
628,229
814,900
778,400
739,600
686,759
1,090,600
1,082,200
1,075,800
1,216,971
1,225,600
1,144,500
1,022,000
1,011,420
900,100
846,600
793,700
704,214
899,600
822,300
695,300
810,435
726,500
1,276,200
1,196,400
1,207,600
1,195,000
1,019,700
1,052,300
999,676
961,500
966,100
996,600
976,290
978,700
925,000
881,500
1,252,094
1,268,900
1,348,800
1,302,663
1,342,479
1,212,433
1,804,481
1,914,596
2,017,237
2,039,770
2,122,605
2,637,388
2,506,297
2,333,053
2,249,831
2,278,541
2,180,628
2,087,152
1,986,577
1,892,102
1,865,455
5,110,553
5,251,149
5,264,117
4,894,353
5,920,743
5,788,550
5,770,699
7,374,667
7,125,298
6,879,095
6,957,830
7,149,987
9,120,901
9,685,751
9,335,863
10,339,932
10,174,272
10,436,717
10,685,139
11,408,561
11,556,393
11,556,39311,408,56110,685,13910,436,71710,174,27210,339,9329,335,8639,685,7519,120,9017,149,9876,957,8306,879,0957,125,2987,374,6675,770,6995,788,5505,920,7434,894,3535,264,1175,251,1495,110,5531,865,4551,892,1021,986,5772,087,1522,180,6282,278,5412,249,8312,333,0532,506,2972,637,3882,122,6052,039,7702,017,2371,914,5961,804,4811,212,4331,342,4791,302,6631,348,8001,268,9001,252,094881,500925,000978,700976,290996,600966,100961,500999,6761,052,3001,019,7001,195,0001,207,6001,196,4001,276,200726,500810,435695,300822,300899,600704,214793,700846,600900,1001,011,4201,022,0001,144,5001,225,6001,216,9711,075,8001,082,2001,090,600686,759739,600778,400814,900628,229692,200699,400303,500315,390345,500378,400384,700347,001331,100239,700248,600196,43960,70079,60022,60044,14388,700
   Common Stock
0
33,553
33,600
79,600
45,100
45,145
248,600
45,100
45,100
45,145
45,100
46,400
46,400
46,395
46,400
58,000
58,000
57,971
63,800
63,800
63,800
63,762
76,600
78,200
78,200
78,156
78,200
78,200
78,200
78,156
78,200
78,200
78,200
79,517
119,100
119,100
119,100
129,620
129,600
258,800
258,800
260,944
260,900
260,900
260,900
260,944
260,900
260,900
260,900
260,944
260,900
261,100
261,100
276,712
277,300
278,100
278,344
280,197
280,657
309,282
309,341
313,539
314,236
314,693
319,814
322,451
322,451
323,106
323,106
323,106
323,106
323,206
323,891
323,891
583,003
584,501
584,501
584,501
637,368
638,172
640,651
704,684
704,729
704,793
706,943
707,354
778,730
779,286
779,286
780,978
780,978
781,165
788,329
0
0
00788,329781,165780,978780,978779,286779,286778,730707,354706,943704,793704,729704,684640,651638,172637,368584,501584,501584,501583,003323,891323,891323,206323,106323,106323,106323,106322,451322,451319,814314,693314,236313,539309,341309,282280,657280,197278,344278,100277,300276,712261,100261,100260,900260,944260,900260,900260,900260,944260,900260,900260,900260,944258,800258,800129,600129,620119,100119,100119,10079,51778,20078,20078,20078,15678,20078,20078,20078,15678,20078,20076,60063,76263,80063,80063,80057,97158,00058,00046,40046,39546,40046,40045,10045,14545,10045,100248,60045,14545,10079,60033,60033,5530
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
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
0
0
0
0
0
0
0
0
0
0
0
0
38,100
48,000
58,100
63,325
64,600
43,800
18,600
3,061
-41,300
-28,900
-27,813
-4,276
-8,389
-22,658
-9,689
-28,089
-7,439
29,312
13,300
27,196
36,397
56,367
53,309
60,907
67,056
71,559
63,852
82,241
83,280
91,059
93,216
64,570
60,257
65,170
61,593
82,187
97,880
93,063
120,371
143,521
117,744
141,038
131,797
230,489
173,808
197,257
0
0
0
000197,257173,808230,489131,797141,038117,744143,521120,37193,06397,88082,18761,59365,17060,25764,57093,21691,05983,28082,24163,85271,55967,05660,90753,30956,36736,39727,19613,30029,312-7,439-28,089-9,689-22,658-8,389-4,276-27,813-28,900-41,3003,06118,60043,80064,60063,32558,10048,00038,1000000000000000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000-233-233-233-233-233-233-111-111-111-11100000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
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
34,013
13,200
-8,200
28,400
29,407
44,600
57,600
28,500
923,033
40,400
33,500
46,300
683,032
0
0
0
63,325
0
0
18,600
3,061
-82,600
-57,800
-55,626
-8,552
-16,778
-22,769
-19,489
-56,289
-14,989
-233
-233
-233
-233
-233
-233
-507
-507
-795
-795
-684
-599
-553
-1,077
-1,077
-946
-1,176
-1,176
-1,112
-871
-1,463
-1,463
-1,463
-1,298
-1,537
-1,537
-1,537
-1,291
-2,843
224,401
0
0
00224,401-2,843-1,291-1,537-1,537-1,537-1,298-1,463-1,463-1,463-871-1,112-1,176-1,176-946-1,077-1,077-553-599-684-795-795-507-507-233-233-233-233-233-233-14,989-56,289-19,489-22,769-16,778-8,552-55,626-57,800-82,6003,06118,6000063,325000683,03246,30033,50040,400923,03328,50057,60044,60029,40728,400-8,20013,20034,013000000000000000000000000000000000



6.3. Balance Sheets

Currency in DKK. All numbers in thousands.




6.4. Cash Flows

Currency in DKK. All numbers in thousands.




6.5. Income Statements

Currency in DKK. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in DKK. All numbers in thousands.

Gross Profit (+$)
totalRevenue5,716,206
Cost of Revenue-2,897,448
Gross Profit2,818,7582,818,758
 
Operating Income (+$)
Gross Profit2,818,758
Operating Expense-4,776,436
Operating Income939,770-1,957,678
 
Operating Expense (+$)
Research Development862,510
Selling General Administrative1,016,478
Selling And Marketing Expenses0
Operating Expense4,776,4361,878,988
 
Net Interest Income (+$)
Interest Income48,307
Interest Expense-77,872
Other Finance Cost-15,707
Net Interest Income-45,272
 
Pretax Income (+$)
Operating Income939,770
Net Interest Income-45,272
Other Non-Operating Income Expenses0
Income Before Tax (EBT)971,357939,770
EBIT - interestExpense = -77,872
987,977
1,065,849
Interest Expense77,872
Earnings Before Interest and Taxes (EBIT)01,049,229
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax971,357
Tax Provision--16,620
Net Income From Continuing Ops987,977987,977
Net Income987,977
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net045,272
 

Technical Analysis of Bavarian Nordic
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Bavarian Nordic. The general trend of Bavarian Nordic is BEARISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Bavarian Nordic's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-14.3%) Bearish trend (14.3%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Bavarian Nordic Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Bavarian Nordic.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 188.05 < 188.05 < 189.30.

The bearish price targets are: 164.05 > 150.85 > 123.30.

Know someone who trades $BAVA? Share this with them.πŸ‘‡

Bavarian Nordic Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Bavarian Nordic. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Bavarian Nordic Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Bavarian Nordic. The current macd is -0.42149023.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Bavarian Nordic price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Bavarian Nordic. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Bavarian Nordic price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Bavarian Nordic Daily Moving Average Convergence/Divergence (MACD) ChartBavarian Nordic Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Bavarian Nordic. The current adx is 17.42.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Bavarian Nordic shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Bavarian Nordic Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Bavarian Nordic. The current sar is 175.76.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Bavarian Nordic Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Bavarian Nordic. The current rsi is 45.48. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Bavarian Nordic Daily Relative Strength Index (RSI) ChartBavarian Nordic Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Bavarian Nordic. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Bavarian Nordic price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Bavarian Nordic Daily Stochastic Oscillator ChartBavarian Nordic Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Bavarian Nordic. The current cci is -94.71313783.

Bavarian Nordic Daily Commodity Channel Index (CCI) ChartBavarian Nordic Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Bavarian Nordic. The current cmo is -18.92041032.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Bavarian Nordic Daily Chande Momentum Oscillator (CMO) ChartBavarian Nordic Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Bavarian Nordic. The current willr is -83.41584158.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Bavarian Nordic Daily Williams %R ChartBavarian Nordic Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of Bavarian Nordic.

Bavarian Nordic Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Bavarian Nordic. The current atr is 4.66863216.

Bavarian Nordic Daily Average True Range (ATR) ChartBavarian Nordic Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Bavarian Nordic. The current obv is 16,203,438.

Bavarian Nordic Daily On-Balance Volume (OBV) ChartBavarian Nordic Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Bavarian Nordic. The current mfi is 33.93.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Bavarian Nordic Daily Money Flow Index (MFI) ChartBavarian Nordic Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Bavarian Nordic.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-10STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-17STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-19STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-02-24STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-02-28CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-03BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-07CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-03-24WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-31STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-04STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-07STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-04-08RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-04-09STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-04-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-04-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-04-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-04-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-05-01STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2025-05-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-05-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-05-13STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-05-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-05-19BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-05-21WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-22STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-26STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-10BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-25STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-26STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-27STOCH LONG EXITThe %K line crosses below the %D line.
2025-07-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside

6.3. Candlestick Patterns

Bavarian Nordic Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Bavarian Nordic based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5045.483
Ma 20Greater thanMa 50175.930
Ma 50Greater thanMa 100167.179
Ma 100Greater thanMa 200165.418
OpenGreater thanClose168.600
Total2/5 (40.0%)
Penke
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