Bavarian Nordic (BVNK.F) Stock Overview

Develops, manufactures, and supplies life-saving vaccines. More details

BVNK.F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 45% below our estimate of its fair value

Earnings have grown 55% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

Earnings are forecast to decline by an average of 5% per year for the next 3 years

Significant insider selling over the past 3 months

Large one-off items impacting financial results

BVNK.F Community Fair Values

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Bavarian Nordic A/S Competitors

Price History & Performance

Summary of share price highs, lows and changes for Bavarian Nordic
Historical stock prices
Current Share Price	DKK 32.57
52 Week High	DKK 37.22
52 Week Low	DKK 27.69
Beta	0.96
1 Month Change	0%
3 Month Change	17.16%
1 Year Change	-10.46%
3 Year Change	57.27%
5 Year Change	-40.66%
Change since IPO	-6.00%

Recent updates

Shareholder Returns

	BVNK.F	US Biotechs	US Market
7D	0%	0.7%	1.8%
1Y	-10.5%	37.1%	13.3%

Return vs Industry: BVNK.F underperformed the US Biotechs industry which returned 37.1% over the past year.

Return vs Market: BVNK.F underperformed the US Market which returned 13.3% over the past year.

Price Volatility

Is BVNK.F's price volatile compared to industry and market?
BVNK.F volatility
BVNK.F Average Weekly Movement	n/a
Biotechs Industry Average Movement	9.5%
Market Average Movement	6.8%
10% most volatile stocks in US Market	15.2%
10% least volatile stocks in US Market	2.8%

Stable Share Price: BVNK.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine BVNK.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1992	1,906	Paul Chaplin	www.bavarian-nordic.com

Bavarian Nordic A/S develops, manufactures, and supplies life-saving vaccines. The company offers non-replicating smallpox and monkeypox vaccines under the IMVAMUNE, IMVANEX, and JYNNEOS names; rabies vaccine for human use under the Rabipur/RabAvert name; tick-borne encephalitis vaccine under the Encepur name; Vaxchora, an oral vaccine for immunization against cholera; and Vivotif/Typhoral, an oral vaccine for immunization against typhoid fever. It is also developing MVA-BN WEV, that is in phase 2 trial for the treatment of encephalitis viruses.

Bavarian Nordic A/S Fundamentals Summary

How do Bavarian Nordic's earnings and revenue compare to its market cap?
BVNK.F fundamental statistics
Market cap	US$2.44b
Earnings (TTM)	US$236.86m
Revenue (TTM)	US$973.17m

10.3x

P/E Ratio

2.5x

P/S Ratio

Is BVNK.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BVNK.F income statement (TTM)
Revenue	DKK 6.34b
Cost of Revenue	DKK 3.16b
Gross Profit	DKK 3.18b
Other Expenses	DKK 1.64b
Earnings	DKK 1.54b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 13, 2026

Earnings per share (EPS)	20.38
Gross Margin	50.22%
Net Profit Margin	24.34%
Debt/Equity Ratio	0.09%

How did BVNK.F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/22 23:37
End of Day Share Price	2026/08/21 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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.

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 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 Github.

Analyst Sources

Bavarian Nordic A/S is covered by 14 analysts. 4 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
Jacob Lademann	Carnegie Investment Bank AB
Peter Verdult	Citigroup Inc
Hakon Hemme Jørgensen	Danske Bank

Bavarian Nordic (BVNK.F) Stock Overview

Rewards

Risk Analysis

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Bavarian Nordic A/S Competitors

Hyperliquid Strategies

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Price History & Performance

Recent News & Updates

Bavarian Nordic A/S Announces Management Changes

Bavarian Nordic A/S Upgrades Earnings Guidance for the Fiscal Year 2026

Bavarian Nordic A/S, Annual General Meeting, Apr 13, 2027

Bavarian Nordic Receives European Commission Approval of Mpox/Smallpox Vaccine for Children Aged 2 to Less Than 12 Years

Eurofarma Submits Bavarian Nordic’s Chikungunya Vaccine for Regulatory Approval in Brazil

Bavarian Nordic Receives Health Canada Approval For Chikungunya Vaccine

Recent updates

Bavarian Nordic A/S Announces Management Changes

Bavarian Nordic A/S Upgrades Earnings Guidance for the Fiscal Year 2026

Bavarian Nordic A/S, Annual General Meeting, Apr 13, 2027

Bavarian Nordic Receives European Commission Approval of Mpox/Smallpox Vaccine for Children Aged 2 to Less Than 12 Years

Eurofarma Submits Bavarian Nordic’s Chikungunya Vaccine for Regulatory Approval in Brazil

Bavarian Nordic Receives Health Canada Approval For Chikungunya Vaccine

Bavarian Nordic A/S Upgrades Earnings Guidance for the Fiscal Year 2026

Bavarian Nordic A/S Approves Board Elections

Bavarian Nordic AS Receives Swissmedic Approval For Chikungunya Vaccine

Bavarian Nordic A/S Submits Data to EMA to Extend Mpox and Smallpox Vaccine Approval to Children Aged 2-11 Years

Bavarian Nordic A/S, Annual General Meeting, Apr 21, 2026

Paul Chaplin Steps Down as CEO of Bavarian Nordic A/S

Bavarian Nordic A/S Provides Earnings Guidance for the Fiscal Year 2026

Bavarian Nordic as Appoints Anne Louise Eberhard as New Chair of the Board of Directors

Bavarian Nordic A/S Provides Earnings Guidance for the Full Year 2025

Bavarian Nordic Announces Changes to the Board of Directors

Nordic Capital Epsilon Sca Sicav-raif and and funds managed and advised by Permira Advisers Ltd cancelled the acquisition of Bavarian Nordic A/S (CPSE:BAVA).

Bavarian Nordic Reports Positive Topline Data for Mpox/Smallpox Vaccine in Pediatric Population

Bavarian Nordic A/S to Report Q3, 2026 Results on Nov 13, 2026

Nordic Capital Epsilon Sca Sicav-raif and and funds managed and advised by Permira Advisers Ltd proposed to acquire Bavarian Nordic A/S (CPSE:BAVA) for DKK 18.1 billion.

Bavarian Nordic in Takeover Talks, Shares Rally

Bavarian Nordic A/S Receives Acceptance from Health Canada for Review of the New Drug Submission for its Chikungunya Vaccine

Bavarian Nordic’s Chikungunya Vaccine Receives Recommendation from U.S. CDC’s Advisory Committee on Immunization Practices

Bavarian Nordic A/S Receives U.S. FDA Approval of Freeze-Dried Smallpox and Mpox Vaccine

Bavarian Nordic A/S Announces Acceptance of Marketing Authorization Application for Chikungunya Vaccine in the UK for Persons Aged 12 and Older

Bavarian Nordic A/S Receives U.S. FDA Approval of Chikungunya Vaccine for Persons Aged 12 and Older

First Children Vaccinated in New Clinical Study Seeking to Expand the Indication for Bavarian Nordic's Mpox Vaccine

Bavarian Nordic A/S Upgrades Earnings Guidance for the Year 2024

Bavarian Nordic A/S Receives EMA Approval of Mpox Vaccine for Adolescents

Bavarian Nordic Receives WHO Prequalification for Mpox Vaccine

Bavarian Nordic A/S Announces First Doses of its Mpox Vaccine, Mva-BN

Bavarian Nordic A/S Receives Approval of Smallpox and Mpox Vaccine in Singapore

Bavarian Nordic A/S, Annual General Meeting, Apr 09, 2025

Bavarian Nordic A/S to Report Fiscal Year 2024 Results on Mar 05, 2025

Bavarian Nordic A/S Submits Data to EMA to Extend Mpox/Smallpox Vaccine Approval to Adolescents

Bavarian Nordic A/S Receives Positive Chmp Opinion for Including Mpox Real-World Effectiveness Data in European Marketing Authorization for Smallpox and Mpox Vaccine

Bavarian Nordic A/S Receives EMA Filing Acceptance and Validation of the MAA for Its Chikungunya Vaccine

Bavarian Nordic A/S Submits Marketing Authorization Application for Its Chikungunya Vaccine Candidate to Ema

Laurence De Moerlooze to Leave Bavarian Nordic A/S as Executive Vice President and Chief Medical Officer

Bavarian Nordic A/S Provides Earnings Guidance for the Year 2024

Bavarian Nordic A/S Initiates Rolling Submission of Biologics License Application with FDA for Chikungunya Vaccine Candidate

Bavarian Nordic A/S Receives Approval of Smallpox and Mpox Vaccine in Switzerland

Bavarian Nordic A/S Provides Revenue Guidance for the Year 2024

Bavarian Nordic A/S Provides Earnings Guidance for the Year 2023

Bavarian Nordic A/S's Mpox Vaccine Receives Recommendation from U.S. CDC Advisory Committee for Routine Use in Adults at Risk

Bavarian Nordic A/S Reports Additional Phase 3 Results and Provides Update on Development Program for its cVLP-Based COVID-19 Booster Vaccine Candidate, ABNCoV2

Bavarian Nordic A/S, Annual General Meeting, Apr 16, 2024

Bavarian Nordic A/S Provides Update on RSV Vaccine Program

Bavarian Nordic A/S Reports Data from A Phase 3 Clinical Trial of Its Vlp-Based Chikungunya Virus Vaccine in Adults >=65 Years of Age Study Successfully Met Its Primary Endpoints

Bavarian Nordic A/S Reports 12-Month Durability Data from Phase 2 Clinical Trial of Covid-19 Vaccine Candidate

Bavarian Nordic A/S acquired Travel health business of Emergent International Inc. and Emergent Travel Health Inc. for $384 million.

Bavarian Nordic A/S Provides Earnings Guidance for the Year 2023

Bavarian Nordic A/S entered into an agreement to acquire Travel health business of Emergent International Inc. and Emergent Travel Health Inc. for $380 million.

Bavarian Nordic A/S Provides Earnings Guidance for Fiscal Year 2023

Bavarian Nordic A/S Provides Revenue Guidance for Fiscal Year 2022

Bavarian Nordic A/S to Report Fiscal Year 2022 Final Results on Mar 02, 2023

Shareholder Returns

Price Volatility

About the Company

Bavarian Nordic A/S Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status