BioArctic AB Class B (BIOA.B) AI Stock Analysis

• Market Cap: kr15.23B
• Dividend Yield: N/A
• Average Volume (3M): 252.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: -58.22%
• EPS Growth: -177.07%
• Country: SE
• Employees: 107
• Sector: Healthcare
• Sector Strength: 39
• Industry: Biotechnology
• EPS (TTM): -0.36
• Shares Outstanding: 74,128,490
• 10 Day Avg. Volume: 181,362
• 30 Day Avg. Volume: 252,300
• PEG Ratio: -3.71
• Price to Book (P/B): 17.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -49.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

BioArctic AB's stock score is primarily impacted by financial performance challenges, including declining revenue and cash flow issues, which are exacerbating profitability concerns. While technical analysis shows some positive momentum, valuation metrics suggest potential overpricing relative to financial performance. The absence of recent earnings call data or significant corporate events keeps the focus on these fundamental concerns.

BioArctic AB Class B Business Overview & Revenue Model

Company Description

BioArctic AB Class B (BIOA.B) is a Swedish research-based biopharmaceutical company engaged in the development of innovative treatments for central nervous system disorders. The company focuses on diseases with a high unmet medical need, such as Alzheimer's disease and Parkinson's disease. BioArctic's core products are based on its proprietary technology platforms, which include antibodies and other biologics designed to address neurodegenerative conditions.

How the Company Makes Money

BioArctic AB generates revenue through a combination of research and development collaborations, milestone payments, and potential royalties from its partnerships with major pharmaceutical companies. The company engages in strategic alliances with leading firms to co-develop and commercialize its drug candidates, which allows it to leverage external expertise and resources while sharing the financial risks and rewards. Key partnerships, such as those with Eisai Co., Ltd., play a significant role in advancing BioArctic's product pipeline and contributing to its earnings. The company also seeks to monetize its proprietary technology platforms by licensing them to other biopharmaceutical companies.

BioArctic AB Class B Financial Statement Overview

Summary

BioArctic AB's financial performance shows considerable weaknesses, particularly in revenue generation and cash flow management, impacting its profitability and growth potential. Despite a solid equity base and low leverage, the negative trends in earnings and cash flows underscore the need for strategic interventions to reverse the downturn and enhance financial health.

Income Statement

BioArctic AB has experienced significant volatility in its income statement metrics. The company reported a substantial decrease in total revenue in 2024 compared to 2023, alongside a negative EBIT and net income. Gross and net profit margins have deteriorated, indicating operational challenges. Despite previous revenue growth, the recent decline raises concerns about sustainable growth.

Balance Sheet

The balance sheet reflects a strong equity position with low debt levels, resulting in a favorable debt-to-equity ratio. However, the return on equity has been negative due to persistent net losses. The equity ratio remains robust, suggesting financial stability despite recent operational setbacks.

Cash Flow

Cash flow metrics reveal significant pressure, with a negative operating cash flow in 2024 compared to positive flows in previous years. The free cash flow has also turned negative, indicating liquidity challenges. This trend highlights the need for improved cash management and operational efficiency to support future growth.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
257.35M	616.00M	228.29M	23.15M	62.35M
	Gross Profit
230.37M	526.37M	153.97M	-31.92M	12.11M
	EBIT
-228.51M	252.64M	-10.16M	-139.72M	-82.32M
	EBITDA
-165.13M	295.29M	4.22M	-126.42M	-74.58M
	Net Income Common Stockholders
-177.08M	229.25M	-11.18M	-119.79M	-68.52M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
512.93M	1.11B	805.39M	848.40M	999.94M
	Total Assets
1.11B	1.19B	858.31M	897.73M	1.05B
	Total Debt
54.23M	4.98M	10.04M	15.88M	20.77M
	Net Debt
-458.70M	-606.59M	-795.35M	-832.53M	-979.17M
	Total Liabilities
216.74M	139.50M	72.06M	109.05M	143.01M
	Stockholders Equity
894.94M	1.05B	786.24M	788.68M	907.30M
Cash Flow		Free Cash Flow
-316.33M	302.25M	-44.38M	-144.84M	-104.81M
	Operating Cash Flow
-316.33M	309.69M	-31.64M	-140.46M	-92.34M
	Investing Cash Flow
205.63M	-507.49M	-12.76M	-4.41M	-12.52M
	Financing Cash Flow
5.69M	14.06M	-2.81M	-7.39M	-6.60M

BioArctic AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 172.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BIOA.B, the sentiment is Negative. The current price of 172 is below the 20-day moving average (MA) of 181.53, below the 50-day MA of 189.71, and below the 200-day MA of 184.18, indicating a bearish trend. The MACD of -2.51 indicates Positive momentum. The RSI at 43.47 is Neutral, neither overbought nor oversold. The STOCH value of 24.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BIOA.B.

BioArctic AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	52 Neutral	$5.14B	3.39	-43.55%	2.83%	16.49%	-0.19%
BIOA.B	52 Neutral	kr15.23B	―	-18.00%	―	-58.22%	-177.07%
FLERIE	52 Neutral	kr3.45B	0.29	-15.21%	―	-75.91%	―
HNSA	48 Neutral	kr1.70B	―		―	9.53%	41.19%
XSPRAY	47 Neutral	kr1.01B	―	-42.24%	―	―	-19.44%
VICO	45 Neutral	€1.89B	―	-40.15%	―	―	63.85%
BINV	40 Underperform	$2.17B	―	-45.80%	―	-0.57%	-39.92%

BioArctic AB Class B Corporate Events

Eisai Projects Significant Growth for Alzheimer’s Drug Leqembi

Eisai, in partnership with BioArctic, projects significant revenue growth for their Alzheimer’s treatment, Leqembi, with sales expected to reach JPY 76.5 billion for fiscal year 2025. This growth reflects a 73% increase from the previous year, generating substantial royalties for BioArctic and strengthening their market position in Alzheimer’s treatment.

BioArctic AB to Present Q1 2025 Financial Results

BioArctic AB will release its first quarter report for 2025 on May 21, inviting investors, analysts, and media to an audiocast and teleconference where the CEO and CFO will present and discuss the results. This event reflects BioArctic’s ongoing commitment to transparency and engagement with stakeholders, potentially impacting its market perception and investor relations.

BioArctic Expands Exidavnemab Study to Include MSA Patients

BioArctic AB has expanded its Phase 2a EXIST study to include Multiple System Atrophy (MSA) patients, following regulatory approval in Spain and Poland. This expansion marks a significant step in developing exidavnemab, a monoclonal antibody targeting alpha-synuclein aggregates, as a potential treatment for MSA and Parkinson’s, addressing a high unmet medical need in neurodegenerative diseases.