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Bavarian Nordic A/S
CSE:BAVA

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Bavarian Nordic A/S
CSE:BAVA
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Price: 187.2 DKK -0.37% Market Closed
Market Cap: kr14.8B

P/S

2.3
Current
3%
Cheaper
vs 3-y average of 2.4

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.3
=
Market Cap
kr15.4B
/
Revenue
kr6.2B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.3
=
Market Cap
kr15.4B
/
Revenue
kr6.2B

Valuation Scenarios

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

If P/S returns to its 3-Year Average (2.4), the stock would be worth kr192.87 (3% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-19%
Maximum Upside
+60%
Average Upside
17%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.3 kr187.2
0%
3-Year Average 2.4 kr192.87
+3%
5-Year Average 2.8 kr227.25
+21%
Industry Average 3.8 kr299.93
+60%
Country Average 1.9 kr152.46
-19%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
kr15.4B
/
Jan 2026
kr6.2B
=
2.3
Current
kr15.4B
/
Dec 2026
kr5.6B
=
2.8
Forward
kr15.4B
/
Dec 2027
kr5.7B
=
2.7
Forward
kr15.4B
/
Dec 2028
kr5.8B
=
2.6
Forward
kr15.4B
/
Dec 2029
kr6.6B
=
2.3
Forward
kr15.4B
/
Dec 2030
kr6.5B
=
2.4
Forward
kr15.4B
/
Dec 2031
kr6.5B
=
2.3
Forward
kr15.4B
/
Dec 2032
kr6.7B
=
2.3
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
DK
Bavarian Nordic A/S
CSE:BAVA
14.7B DKK 2.3 10.6
FR
Pharnext SCA
OTC:PNEXF
6T USD 33 690 872.8 -160 127.7
US
Abbvie Inc
NYSE:ABBV
351.3B USD 5.7 83.9
US
Amgen Inc
NASDAQ:AMGN
185.7B USD 5 24.1
US
Gilead Sciences Inc
NASDAQ:GILD
161.8B USD 5.5 19
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
109.3B USD 9.1 27.6
US
Epizyme Inc
F:EPE
94.1B EUR 2 091 -533.6
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
79.4B USD 5.5 17.6
NL
argenx SE
XBRU:ARGX
41.2B EUR 11.6 37.3
US
Seagen Inc
F:SGT
39.3B EUR 20.1 -61.8
AU
CSL Ltd
ASX:CSL
62.7B AUD 2.8 30.7
P/S Multiple
Revenue Growth P/S to Growth
DK
B
Bavarian Nordic A/S
CSE:BAVA
Average P/S: 3 063 002.9
2.3
-2%
N/A
FR
Pharnext SCA
OTC:PNEXF
33 690 872.8
N/A N/A
US
Abbvie Inc
NYSE:ABBV
5.7
9%
0.6
US
Amgen Inc
NASDAQ:AMGN
5
3%
1.7
US
Gilead Sciences Inc
NASDAQ:GILD
5.5
5%
1.1
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
9.1
11%
0.8
US
E
Epizyme Inc
F:EPE
2 091
N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
5.5
10%
0.6
NL
argenx SE
XBRU:ARGX
11.6
28%
0.4
US
S
Seagen Inc
F:SGT
20.1
30%
0.7
AU
CSL Ltd
ASX:CSL
2.8
4%
0.7
P/E Multiple
Earnings Growth PEG
DK
B
Bavarian Nordic A/S
CSE:BAVA
Average P/E: 31.4
10.6
-13%
N/A
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
83.9
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
24.1
20%
1.2
US
Gilead Sciences Inc
NASDAQ:GILD
19
16%
1.2
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
27.6
19%
1.5
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
17.6
14%
1.3
NL
argenx SE
XBRU:ARGX
37.3
30%
1.2
US
S
Seagen Inc
F:SGT
Negative Multiple: -61.8 N/A N/A
AU
CSL Ltd
ASX:CSL
30.7
9%
3.4

Market Distribution

In line with most companies in Denmark
Percentile
57th
Based on 438 companies
57th percentile
2.3
Low
0.1 — 1.3
Typical Range
1.3 — 3.5
High
3.5 —
Distribution Statistics
Denmark
Min 0.1
30th Percentile 1.3
Median 1.9
70th Percentile 3.5
Max 37.5

Bavarian Nordic A/S
Glance View

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

BAVA Intrinsic Value
201.3 DKK
Undervaluation 7%
Intrinsic Value
Price kr187.2
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