Formycon Balance Sheet Health

Financial Health criteria checks 5/6

Formycon has a total shareholder equity of €576.3M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €947.8M and €371.5M respectively.

Key information

Debt to equity ratio

€0

Debt

Interest coverage ratio	n/a
Cash	€40.62m
Equity	€576.30m
Total liabilities	€371.48m
Total assets	€947.78m

Recent financial health updates

Here's Why We're Not At All Concerned With Formycon's (ETR:FYB) Cash Burn Situation

Feb 01

We Think Formycon (ETR:FYB) Can Easily Afford To Drive Business Growth

Sep 25

We're Interested To See How Formycon (ETR:FYB) Uses Its Cash Hoard To Grow

May 19

Recent updates

A Look At The Fair Value Of Formycon AG (ETR:FYB)

Jul 20

Formycon AG's (ETR:FYB) Prospects Need A Boost To Lift Shares

May 29

We Believe Formycon's (ETR:FYB) Earnings Are A Poor Guide For Its Profitability

May 03

Some Confidence Is Lacking In Formycon AG's (ETR:FYB) P/S

Jan 19

We Think Formycon (ETR:FYB) Needs To Drive Business Growth Carefully

Dec 23

Formycon AG's (ETR:FYB) Share Price Not Quite Adding Up

Sep 26

We Think You Should Be Aware Of Some Concerning Factors In Formycon's (ETR:FYB) Earnings

Nov 05

We're Hopeful That Formycon (ETR:FYB) Will Use Its Cash Wisely

Sep 04

Analysts Just Published A Bright New Outlook For Formycon AG's (ETR:FYB)

Jul 13

Bearish: Analysts Just Cut Their Formycon AG (ETR:FYB) Revenue and EPS estimates

Jun 02

Here's Why We're Not Too Worried About Formycon's (ETR:FYB) Cash Burn Situation

May 23

Here's Why We're Not At All Concerned With Formycon's (ETR:FYB) Cash Burn Situation

Feb 01

We Think Formycon (ETR:FYB) Can Easily Afford To Drive Business Growth

Sep 25

We're Interested To See How Formycon (ETR:FYB) Uses Its Cash Hoard To Grow

May 19

Is Formycon's (ETR:FYB) 179% Share Price Increase Well Justified?

Jan 04

Financial Position Analysis

Short Term Liabilities: FYB's short term assets (€95.9M) exceed its short term liabilities (€45.6M).

Long Term Liabilities: FYB's short term assets (€95.9M) do not cover its long term liabilities (€325.9M).

Debt to Equity History and Analysis

Debt Level: FYB is debt free.

Reducing Debt: FYB had no debt 5 years ago.

Debt Coverage: FYB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FYB has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 12:32
End of Day Share Price	2024/12/23 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Formycon AG is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gerhard Orgonas	Berenberg
Benjamin Thielmann	Berenberg
Simon Scholes	First Berlin Equity Research GmbH

Formycon Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

We Think Formycon (ETR:FYB) Needs To Drive Business Growth Carefully

We're Hopeful That Formycon (ETR:FYB) Will Use Its Cash Wisely

Here's Why We're Not Too Worried About Formycon's (ETR:FYB) Cash Burn Situation

Here's Why We're Not At All Concerned With Formycon's (ETR:FYB) Cash Burn Situation

We Think Formycon (ETR:FYB) Can Easily Afford To Drive Business Growth

We're Interested To See How Formycon (ETR:FYB) Uses Its Cash Hoard To Grow

Recent updates

Consensus EPS estimates upgraded to €0.48 loss

Consensus EPS estimates upgraded to €0.56 loss

Formycon AG Appoints Colin Bond as Director

Fresenius Kabi and Formycon Receives U.S. FDA Approval for Biosimilar Otulfi (ustekinumab-aauz)

Consensus EPS estimates upgraded to €0.70 loss

Consensus EPS estimates upgraded to €0.96 loss

First half 2024 earnings released: €0.58 loss per share (vs €0.11 profit in 1H 2023)

Now 21% undervalued

Formycon AG to Report First Half, 2024 Results on Aug 13, 2024

New minor risk - Share price stability

A Look At The Fair Value Of Formycon AG (ETR:FYB)

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 16%

Formycon AG's (ETR:FYB) Prospects Need A Boost To Lift Shares

Price target decreased by 8.7% to €87.00

We Believe Formycon's (ETR:FYB) Earnings Are A Poor Guide For Its Profitability

Formycon AG to Report Q1, 2024 Results on May 08, 2024

Full year 2023 earnings released: EPS: €4.76 (vs €2.62 in FY 2022)

Formycon AG to Report Fiscal Year 2023 Final Results on Apr 25, 2024

Price target decreased by 12% to €96.25

New minor risk - Shareholder dilution

Price target decreased by 7.9% to €103

Formycon AG has completed a Follow-on Equity Offering in the amount of €82.840247 million.

Some Confidence Is Lacking In Formycon AG's (ETR:FYB) P/S

We Think Formycon (ETR:FYB) Needs To Drive Business Growth Carefully

New minor risk - Share price stability

Formycon AG's (ETR:FYB) Share Price Not Quite Adding Up

First half 2023 earnings released: EPS: €0.11 (vs €6.51 in 1H 2022)

Formycon AG to Report First Half, 2023 Results on Aug 30, 2023

Consensus EPS estimates fall by 146%

Price target decreased by 8.6% to €116

Formycon Announces Submission of the Biologics License Application (Bla) for Fyb203, an Aflibercept Biosimilar Candidate to the U.S. Food and Drug Administration (Fda)

Investor sentiment improves as stock rises 15%

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Formycon AG has completed a Follow-on Equity Offering in the amount of €70.07 million.

Price target increased to €126

We Think You Should Be Aware Of Some Concerning Factors In Formycon's (ETR:FYB) Earnings

First half 2022 earnings released: EPS: €6.51 (vs €0.92 loss in 1H 2021)

Formycon AG Publishes Details of A Previously Undisclosed Pipeline Project – Fyb206 Is A Biosimilar Candidate for Keytruda (Pembrolizumab)

Price target increased to €107

Consensus forecasts updated

We're Hopeful That Formycon (ETR:FYB) Will Use Its Cash Wisely

Formycon AG, Polpharma Biologics Group BV and Bioeq AG Announce European Commission Approval for FYB201/Ranivisio1 (Ranivisio - Ranibizumab), a Biosimilar to Lucentis2 (News with Additional Features)

Formycon Ag Announces EU-Approval of FYB201/Ranivisio A Biosimilar to Lucentis

Formycon's Biosimilar Ustekinumab Candidate FYB202 Shows Comparable Efficacy to Reference Product Stelara in Phase III Study

Formycon Announces FDA Approval of Fyb201/Cimerlitm1 (Ranibizumab-EQRN) as A Biosimilar Interchangeable with Lucentis®2

Analysts Just Published A Bright New Outlook For Formycon AG's (ETR:FYB)

Consensus revenue estimates increase by 13%

Formycon AG Announces Supervisory Board and Executive Changes

Formycon's Biosimilar for Lucentis (Ranibizumab), Receives CHMP Recommendation from EMA

Bearish: Analysts Just Cut Their Formycon AG (ETR:FYB) Revenue and EPS estimates

Consensus revenue estimates fall by 17%

Here's Why We're Not Too Worried About Formycon's (ETR:FYB) Cash Burn Situation

Forecast breakeven date pushed back to 2023

Formycon AG Announces Changes to Its Executive Board

Formycon AG Announces Receipt of Market Authorization of from Medicines and Healthcare Products Regulatory Agency

Price target increased to €87.00

Price target increased to €75.00

Here's Why We're Not At All Concerned With Formycon's (ETR:FYB) Cash Burn Situation

Price target decreased to €70.00

We Think Formycon (ETR:FYB) Can Easily Afford To Drive Business Growth

First half 2021 earnings released: €0.92 loss per share (vs €0.14 loss in 1H 2020)

Formycon AG Provides Revenue Guidance for the Year 2021

Formycon AG and Bioeq AG Announce Submits Biologics License Application for FYB201 to U.S. Food and Drug Administration

Consensus forecasts updated

Formycon AG Provides Sales Guidance for the Fiscal Year 2021

Consensus forecasts updated

Full year 2020 earnings released

We're Interested To See How Formycon (ETR:FYB) Uses Its Cash Hoard To Grow