Bavarian Nordic AS (BV3) Ratios
Bavarian Nordic AS Ratios
DE:BV3's free cash flow for Q2 2026 was $329.59M. For the 2026 fiscal year, DE:BV3's free cash flow was decreased by $-21.48M and operating cash flow was $351.07M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 4.22 | 2.07 | 1.94 | 1.96 | 2.49 |
| Quick Ratio | 2.64 | 1.24 | 1.35 | 1.56 | 2.24 |
| Cash Ratio | 1.07 | 0.58 | 0.53 | 0.25 | 0.31 |
| Solvency Ratio | 1.00 | 0.54 | 0.51 | 0.01 | -0.02 |
| Operating Cash Flow Ratio | 1.70 | 0.70 | 0.40 | 0.10 | -0.19 |
| Short-Term Operating Cash Flow Coverage | 1267.77 | 940.13 | 585.05 | 0.20 | -0.41 |
| Net Current Asset Value | $ 4.65B | $ 2.79B | $ 1.39B | $ -756.68M | $ 39.04M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.01 | 0.01 | 0.01 | 0.14 | 0.09 |
| Debt-to-Equity Ratio | 0.01 | 0.01 | 0.01 | 0.25 | 0.15 |
| Debt-to-Capital Ratio | 0.01 | 0.01 | 0.01 | 0.20 | 0.13 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.08 | 0.02 |
| Financial Leverage Ratio | 1.16 | 1.26 | 1.39 | 1.73 | 1.64 |
| Debt Service Coverage Ratio | 79.13 | 106.46 | 19.03 | 0.06 | 0.02 |
| Interest Coverage Ratio | 70.08 | 68.06 | 14.19 | -0.03 | -1.73 |
| Debt to Market Cap | 0.00 | 0.00 | 0.00 | 0.11 | 0.06 |
| Interest Debt Per Share | 1.85 | 1.82 | 3.27 | 26.68 | 20.36 |
| Net Debt to EBITDA | -0.97 | -0.89 | -0.65 | 14.05 | 15.11 |
| Profitability Margins | |||||
| Gross Profit Margin | 47.39% | 49.31% | 64.10% | 53.99% | 30.05% |
| EBIT Margin | 14.92% | 18.36% | 21.21% | -6.73% | -15.93% |
| EBITDA Margin | 26.50% | 29.29% | 29.05% | 2.67% | 1.89% |
| Operating Profit Margin | 14.92% | 16.44% | 21.20% | -0.12% | -13.87% |
| Pretax Profit Margin | 29.18% | 16.99% | 21.00% | -10.52% | -23.94% |
| Net Profit Margin | 22.29% | 17.28% | 20.89% | -11.03% | -24.49% |
| Continuous Operations Profit Margin | 22.29% | 17.28% | 20.89% | -11.03% | -24.49% |
| Net Income Per EBT | 76.37% | 101.71% | 99.48% | 104.76% | 102.28% |
| EBT Per EBIT | 195.59% | 103.36% | 99.03% | 8624.47% | 172.58% |
| Return on Assets (ROA) | 9.20% | 6.86% | 10.28% | -2.80% | -3.84% |
| Return on Equity (ROE) | 10.69% | 8.66% | 14.27% | -4.86% | -6.30% |
| Return on Capital Employed (ROCE) | 6.89% | 8.10% | 12.95% | -0.04% | -2.59% |
| Return on Invested Capital (ROIC) | 5.25% | 8.07% | 12.83% | -0.03% | -2.38% |
| Return on Tangible Assets | 15.29% | 12.24% | 18.74% | -5.39% | -7.39% |
| Earnings Yield | 9.24% | 6.68% | 10.84% | -2.31% | -2.74% |
| Efficiency Ratios | |||||
| Receivables Turnover | 7.80 | 4.85 | 3.97 | 5.89 | 4.84 |
| Payables Turnover | 3.35 | 2.77 | 2.66 | 2.39 | 5.04 |
| Inventory Turnover | 1.29 | 1.24 | 1.54 | 1.58 | 2.77 |
| Fixed Asset Turnover | 2.84 | 2.55 | 2.88 | 1.80 | 1.28 |
| Asset Turnover | 0.41 | 0.40 | 0.49 | 0.25 | 0.16 |
| Working Capital Turnover Ratio | 1.52 | 2.04 | 2.94 | 1.25 | 0.89 |
| Cash Conversion Cycle | 220.62 | 236.85 | 191.17 | 140.77 | 134.89 |
| Days of Sales Outstanding | 46.78 | 75.33 | 91.90 | 61.92 | 75.39 |
| Days of Inventory Outstanding | 282.65 | 293.18 | 236.62 | 231.43 | 131.98 |
| Days of Payables Outstanding | 108.81 | 131.66 | 137.35 | 152.58 | 72.48 |
| Operating Cycle | 329.43 | 368.51 | 328.52 | 293.35 | 207.37 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 34.88 | 24.96 | 14.59 | 3.12 | -5.68 |
| Free Cash Flow Per Share | 17.46 | 3.36 | 1.85 | -16.49 | -22.45 |
| Dividend Paid and CapEx Coverage Ratio | 2.00 | 1.16 | 1.15 | 0.16 | -0.34 |
| Capital Expenditure Coverage Ratio | 2.00 | 1.16 | 1.15 | 0.16 | -0.34 |
| Operating Cash Flow Coverage Ratio | 20.80 | 15.20 | 7.70 | 0.13 | -0.32 |
| Operating Cash Flow to Sales Ratio | 0.44 | 0.34 | 0.16 | 0.07 | -0.19 |
| Free Cash Flow Yield | 9.15% | 1.77% | 1.04% | -7.73% | -8.35% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 10.83 | 14.97 | 9.23 | -43.26 | -36.50 |
| Price-to-Sales (P/S) Ratio | 2.41 | 2.59 | 1.93 | 4.77 | 8.94 |
| Price-to-Book (P/B) Ratio | 1.16 | 1.30 | 1.32 | 2.10 | 2.30 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 10.93 | 56.40 | 96.00 | -12.94 | -11.97 |
| Price-to-Operating Cash Flow Ratio | 5.47 | 7.58 | 12.16 | 68.29 | -47.31 |
| Price-to-Earnings Growth (PEG) Ratio | 0.27 | -0.43 | -0.02 | 1.31 | 0.15 |
| Enterprise Value Multiple | 8.14 | 7.94 | 5.99 | 192.36 | 488.96 |
| Enterprise Value | 13.31B | 13.29B | 12.28B | 16.21B | 17.50B |
| EV to EBITDA | 8.14 | 7.94 | 5.99 | 192.36 | 488.96 |
| EV to Sales | 2.16 | 2.33 | 1.74 | 5.15 | 9.22 |
| EV to Free Cash Flow | 9.77 | 50.70 | 86.60 | -13.96 | -12.35 |
| EV to Operating Cash Flow | 4.89 | 6.82 | 10.97 | 73.67 | -48.82 |
| Tangible Book Value Per Share | 88.56 | 65.01 | 50.30 | 17.15 | 24.89 |
| Shareholders’ Equity Per Share | 164.94 | 146.07 | 134.79 | 101.53 | 116.87 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.24 | -0.02 | 0.01 | -0.05 | -0.02 |
| Revenue Per Share | 79.09 | 73.19 | 92.06 | 44.74 | 30.08 |
| Net Income Per Share | 17.63 | 12.65 | 19.23 | -4.93 | -7.37 |
| Tax Burden | 0.76 | 1.02 | 0.99 | 1.05 | 1.02 |
| Interest Burden | 1.96 | 0.93 | 0.99 | 1.56 | 1.50 |
| Research & Development to Revenue | 0.13 | 0.15 | 0.32 | 0.38 | 0.21 |
| SG&A to Revenue | 0.20 | 0.18 | 0.08 | 0.12 | 0.15 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 |
| Income Quality | 1.98 | 1.97 | 0.76 | -0.63 | 0.77 |
Currency in DKK
