BAVA.CO
Bavarian Nordic A/S
CopenhagenDKKEQUITY
DELAYED
Last price
209.40
▲ 17.40 (9.06%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
200.00
Prev close
192.00
Day high
212.40
Day low
199.00
Volume
1.37M
Market cap
—
P/E (TTM)
—
52W range
171.30 – 243.70
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
+12.64%
+14.0%
1M
+18.57%
+14.8%
3M
+6.29%
+3.2%
6M
+10.38%
-0.7%
YTD
+9.72%
-2.6%
1Y
-11.83%
-31.8%
3Y
+28.19%
-46.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $6.24B | $5.72B | $7.06B | $3.15B | +9.2% |
| Operating revenue | $6.24B | $5.72B | $7.06B | $3.15B | +9.2% |
| Cost of revenue | $3.20B | $2.90B | $2.46B | $1.45B | +10.3% |
| Gross profit | $3.05B | $2.82B | $4.60B | $1.70B | +8.2% |
| Research & development | $780.30M | $862.51M | $2.23B | $1.18B | -9.5% |
| Selling, general & admin | $671.21M | $456.35M | $872.43M | $588.96M | +47.1% |
| Total operating expense | $1.24B | $1.88B | $3.10B | $1.77B | -33.8% |
| Operating income | $1.80B | $939.77M | $1.50B | -$70.78M | +92.0% |
| Net interest income | $2.28M | -$45.27M | -$63.02M | -$65.27M | +105.0% |
| Pre-tax income | $1.80B | $971.36M | $1.48B | -$331.61M | +85.4% |
| Tax provision | $425.58M | -$16.62M | $7.75M | $15.77M | +2,660.6% |
| Net income | $1.38B | $987.98M | $1.48B | -$347.38M | +39.2% |
| Net income to common | $1.38B | $987.98M | $1.48B | -$347.38M | +39.2% |
| Basic EPS | 17.60 | 12.60 | 19.20 | -4.90 | +39.7% |
| Diluted EPS | 17.60 | 12.60 | 19.20 | -4.90 | +39.7% |
| EBIT | $1.81B | $1.05B | $1.59B | -$211.92M | +72.7% |
| EBITDA | $2.53B | $1.67B | $2.14B | $187.32M | +50.9% |
| Basic shares | 78.03M | 78.10M | 76.71M | 70.42M | -0.1% |
| Diluted shares | 78.03M | 78.10M | 76.71M | 70.42M | -0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.71B | $1.62B | $1.48B | $575.41M | +5.6% |
| Cash & short-term investments | $3.33B | $2.18B | $1.87B | $2.85B | +53.3% |
| Accounts receivable | $780.30M | $1.18B | $1.78B | $523.14M | -33.6% |
| Inventory | $2.51B | $2.33B | $1.64B | $919.07M | +8.0% |
| Total current assets | $6.74B | $5.79B | $5.40B | $4.48B | +16.4% |
| Property, plant & equipment | $2.17B | $2.24B | $2.45B | $1.75B | -3.3% |
| Goodwill & intangibles | $5.96B | $6.33B | $6.48B | $5.94B | -5.9% |
| Total assets | $14.95B | $14.41B | $14.35B | $12.39B | +3.8% |
| Total current liabilities | $1.60B | $2.80B | $2.79B | $2.29B | -42.9% |
| Current debt | $2.15M | $2.07M | $1.91M | $1.11B | +3.5% |
| Long-term debt | $10.89M | $13.05M | $15.13M | $583.43M | -16.6% |
| Total debt | $130.87M | $128.25M | $145.30M | $1.76B | +2.0% |
| Total liabilities | $2.08B | $3.00B | $4.01B | $5.24B | -30.5% |
| Retained earnings | $11.82B | $10.43B | $9.33B | $6.30B | +13.3% |
| Shareholder equity | $12.87B | $11.41B | $10.34B | $7.15B | +12.8% |
| Working capital | $5.14B | $2.99B | $2.62B | $2.20B | +71.9% |
| Net tangible assets | $6.91B | $5.08B | $3.86B | $1.21B | +36.1% |
| Shares issued | 79.24M | 78.85M | 78.10M | 70.74M | +0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.38B | $987.98M | $1.48B | -$347.38M | +39.2% |
| Depreciation & amortisation | $714.37M | $624.90M | $553.82M | $399.25M | +14.3% |
| Stock-based compensation | $84.49M | $78.67M | $55.48M | $49.28M | +7.4% |
| Change in working capital | $137.52M | $176.91M | -$1.55B | -$148.79M | -22.3% |
| Operating cash flow | $2.72B | $1.95B | $1.12B | $220.05M | +39.6% |
| Capital expenditure | -$1.36B | -$1.69B | -$977.40M | -$1.38B | +19.5% |
| Investing cash flow | -$2.48B | -$1.87B | -$945.56M | -$877.40M | -32.8% |
| Share buybacks | -$150.12M | -$27.46M | -$8.99M | -$9.33M | -446.7% |
| Financing cash flow | -$114.36M | $55.77M | $735.83M | $635.82M | -305.0% |
| Free cash flow | $1.36B | $262.19M | $141.80M | -$1.16B | +419.7% |
| End cash position | $1.71B | $1.62B | $1.48B | $575.41M | +5.6% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.06B | $1.45B | $1.79B | $1.65B | $1.35B | -27.1% |
| Operating revenue | $1.06B | $1.45B | $1.79B | $1.65B | $1.35B | -27.1% |
| Cost of revenue | $583.64M | $889.68M | $901.84M | $737.88M | $665.95M | -34.4% |
| Gross profit | $474.20M | $561.27M | $893.07M | $913.62M | $680.64M | -15.5% |
| Research & development | $175.14M | $181.74M | $133.20M | $293.26M | $172.11M | -3.6% |
| Selling, general & admin | $306.07M | -$243.25M | $415.41M | $249.40M | $249.65M | +225.8% |
| Total operating expense | $481.21M | $541.28M | -$261.48M | $542.66M | $421.76M | -11.1% |
| Operating income | -$7.01M | $20.00M | $1.15B | $370.96M | $258.89M | -135.0% |
| Net interest income | $3.02M | $11.51M | $7.13M | -$5.29M | -$11.08M | -73.7% |
| Pre-tax income | $23.32M | $28.19M | $1.17B | $373.35M | $229.55M | -17.3% |
| Tax provision | $6.37M | $326.99M | $77.02M | $10.78M | $10.79M | -98.1% |
| Net income | $16.95M | -$298.80M | $1.09B | $362.57M | $218.76M | +105.7% |
| Net income to common | $16.95M | -$298.80M | $1.09B | $362.57M | $218.76M | +105.7% |
| Basic EPS | 0.20 | — | 13.70 | 4.50 | 2.70 | — |
| Diluted EPS | 0.20 | — | 13.70 | 4.50 | 2.70 | — |
| EBIT | $24.73M | $30.37M | $1.17B | $374.92M | $239.78M | -18.6% |
| EBITDA | $197.19M | $242.32M | $1.34B | $545.73M | $400.44M | -18.6% |
| Basic shares | 84.77M | — | 79.77M | 80.57M | 81.02M | — |
| Diluted shares | 84.77M | — | 79.77M | 80.57M | 81.02M | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $692.85M | $1.71B | $2.09B | $1.22B | $691.51M | -59.6% |
| Cash & short-term investments | $2.29B | $3.33B | $2.98B | $1.66B | $1.24B | -31.2% |
| Accounts receivable | $881.54M | $780.30M | $1.23B | $904.22M | $1.17B | +13.0% |
| Inventory | $2.66B | $2.51B | $2.52B | $2.65B | $2.47B | +5.9% |
| Total current assets | $5.97B | $6.74B | $6.89B | $5.52B | $5.08B | -11.4% |
| Property, plant & equipment | $2.17B | $2.17B | $2.19B | $2.20B | $2.18B | -0.1% |
| Goodwill & intangibles | $5.88B | $5.96B | $6.02B | $6.13B | $6.24B | -1.4% |
| Total assets | $14.10B | $14.95B | $15.16B | $13.91B | $13.55B | -5.7% |
| Total current liabilities | $922.37M | $1.60B | $1.80B | $1.65B | $1.81B | -42.3% |
| Current debt | $2.16M | $2.15M | $2.14M | $2.07M | $2.07M | +0.6% |
| Long-term debt | $10.34M | $10.89M | $11.42M | $12.02M | $12.53M | -5.1% |
| Total debt | $139.28M | $130.87M | $134.04M | $136.05M | $116.96M | +6.4% |
| Total liabilities | $1.41B | $2.08B | $2.00B | $1.86B | $2.00B | -32.2% |
| Retained earnings | $11.63B | $11.82B | $12.07B | $10.88B | $10.52B | -1.6% |
| Shareholder equity | $12.69B | $12.87B | $13.16B | $12.05B | $11.56B | -1.4% |
| Working capital | $5.04B | $5.14B | $5.09B | $3.87B | $3.27B | -1.8% |
| Net tangible assets | $6.81B | $6.91B | $7.14B | $5.92B | $5.32B | -1.4% |
| Shares issued | 79.24M | 79.24M | 79.24M | 78.85M | 78.57M | 0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $16.95M | -$298.80M | $1.09B | $362.57M | $218.76M | +105.7% |
| Depreciation & amortisation | $172.46M | $211.95M | $170.95M | $170.81M | $160.66M | -18.6% |
| Stock-based compensation | $27.80M | $17.99M | $18.11M | $19.65M | $28.74M | +54.5% |
| Change in working capital | -$960.97M | $355.68M | -$56.20M | $696.48M | -$858.44M | -370.2% |
| Operating cash flow | -$751.79M | $545.05M | $1.29B | $1.27B | -$387.05M | -237.9% |
| Capital expenditure | -$58.47M | -$141.43M | -$47.16M | -$803.01M | -$367.70M | +58.7% |
| Investing cash flow | -$39.32M | -$913.11M | -$490.06M | -$708.52M | -$373.18M | +95.7% |
| Share buybacks | -$223.54M | $0 | $0 | $0 | -$150.12M | — |
| Financing cash flow | -$230.79M | -$10.32M | $68.78M | -$11.83M | -$160.99M | -2,135.3% |
| Free cash flow | -$810.26M | $403.62M | $1.25B | $467.02M | -$754.75M | -300.8% |
| End cash position | $692.85M | $1.71B | $2.09B | $1.22B | $691.51M | -59.6% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
187.44
+11.72% from price
SMA 20
182.55
+14.71% from price
SMA 50
182.27
+14.88% from price
SMA 100
186.52
+12.27% from price
SMA 200
190.02
+10.20% from price
EMA 12
189.02
+10.78% from price
EMA 26
184.99
+13.19% from price
EMA 50
184.19
+13.69% from price
RSI (14)
80.5
Overbought
MACD (12,26,9)
4.03
Hist 2.88
ATR (14)
4.93
2.35% of price
Realised vol 30D
31.3%
Annualised
Bollinger upper
198.95
20, 2σ
Bollinger lower
166.16
20, 2σ
50 / 200 cross
Death
182.27 vs 190.02
Trend bias
Above 200
+10.20%
Risk profile
Beta vs SPY
0.06
Less volatile than market
Correlation to SPY
0.02
Largely independent
Realised vol 30D
31.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-28.7%
Peak to trough
Max drawdown 5Y
-68.5%
Peak to trough
ATR 14
4.93
2.35% of price
Beta (reported)
—
5Y monthly, from filing
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