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Annexin Pharmaceuticals AB (SE:ANNX)
:ANNX
Sweden Market
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Annexin Pharmaceuticals AB (ANNX) AI Stock Analysis

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SE:ANNX

Annexin Pharmaceuticals AB

(ANNX)

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Neutral 48 (OpenAI - Gpt-5.6Sol)
Rating:48Neutral
Price Target:
kr13.00
▼(-4.76% Downside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by very weak financial performance (no revenue, sizable losses, and persistent cash burn with shrinking equity/assets), indicating high dependence on external funding. Technical indicators provide some offset with modest near-term momentum (positive MACD; price above 20/50-day averages), but longer-term trend signals remain mixed. Valuation is also a drag due to a negative P/E and no dividend yield support.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest obligations and reduces leverage-related financial risk. This gives the company greater flexibility to allocate funds toward research and development, although its very small capital base still creates funding concerns.
Negative Factors
No Revenue Generation
The absence of reported revenue confirms that the company remains dependent on development-stage assets rather than commercial operations. This leaves future value highly contingent on clinical progress, regulatory success, and eventual product adoption.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest obligations and reduces leverage-related financial risk. This gives the company greater flexibility to allocate funds toward research and development, although its very small capital base still creates funding concerns.
Read all positive factors

Annexin Pharmaceuticals AB (ANNX) vs. iShares MSCI Sweden ETF (EWD)

Annexin Pharmaceuticals AB Business Overview & Revenue Model

Company Description
Annexin Pharmaceuticals AB (publ), a clinical stage biotechnology company, develops drug candidates for the treatment of various cardiovascular diseases. It develops ANXV, a human recombinant protein and Annexin A5, natural protein that protects a...
How the Company Makes Money
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Annexin Pharmaceuticals AB Financial Statement Overview

Summary
Fundamentals are very weak: zero revenue across periods, large ongoing operating/net losses (TTM EBIT ~-42.3m; net loss ~-42.5m), and sustained negative free cash flow (TTM FCF ~-40.7m). The no-debt balance sheet helps, but sharp declines in equity and assets (TTM equity ~2.5m; assets ~8.0m) point to elevated financing/dilution risk.
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
16
Very Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-48.00K-48.00K-193.00K-193.00K-193.00K-192.00K
EBITDA-41.97M-36.84M-50.20M-43.86M-40.72M-50.28M
Net Income-42.49M-36.89M-50.25M-44.05M-40.73M-52.14M
Balance Sheet
Total Assets7.99M30.16M19.04M26.76M36.68M52.79M
Cash, Cash Equivalents and Short-Term Investments5.27M27.39M16.34M21.41M31.11M49.48M
Total Debt0.000.000.000.000.000.00
Total Liabilities5.47M5.22M5.32M7.95M6.53M6.06M
Stockholders Equity2.52M24.93M13.71M18.81M30.15M46.73M
Cash Flow
Free Cash Flow-40.65M-37.05M-50.23M-43.40M-41.16M-45.02M
Operating Cash Flow-40.52M-36.92M-50.23M-43.40M-41.16M-45.02M
Investing Cash Flow-129.00K-129.00K0.0096.00K-260.00K0.00
Financing Cash Flow-335.00K48.11M45.15M33.61M23.06M76.37M

Annexin Pharmaceuticals AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
kr548.10M2.7377.69%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
53
Neutral
kr124.76M-1.21-81.76%55.24%70.00%
49
Neutral
kr191.22M-3.96-13.41%-68.66%-137.27%
48
Neutral
kr114.64M-2.8413.53%
48
Neutral
kr88.62M-2.44-120.70%-97.37%25.28%
43
Neutral
kr1.49B-3.11-53.88%-87.22%-70.29%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:ANNX
Annexin Pharmaceuticals AB
13.30
-11.33
-45.99%
SE:BINV
BioInvent International AB
23.50
-7.55
-24.32%
SE:XBRANE
Xbrane Biopharma AB
9.50
-26.63
-73.70%
SE:BIOVIC.B
Biovica International AB Class B
0.43
-0.24
-35.22%
SE:SPAGO
Spago Nanomedical AB
0.12
-0.07
-39.15%
SE:CANTA
Cantargia AB
1.86
-0.89
-32.42%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 24, 2026