Evaxion A/S - Sponsored ADR

EVAX Healthcare Biotechnology

Evaxion A/S - Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $7.5 million, up 125.1% from fiscal 2024. In the quarter to June 2026, revenue grew 14,590.2%, EPS fell 72.4% and free cash flow fell 56.7%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

2.83 0.03 +1.07%
Market cap
$23.4M
P/E
0.0×
Fwd P/E
−88.8×
Dividend yield
—
F-score
5/9
Altman Z
−4.54
Beneish M
−2.17
Dividend safety
n/a
Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Piotroski F-Score
— — — — — — — — 5
P/E ratio
— — — — — — 0.00 0.00 0.00
Altman Z-Score
— — — — — — (16.65) (16.30) (4.54)
P/S ratio
— — — — — — 0.00 0.00 2.84
Altman Z″-Score (non-manufacturers)
— — — — — — (38.52) (36.69) (10.33)
P/FCF ratio
— — — — — — 0.00 0.00 0.00
Beneish M-Score
— — — — — — — 37.74 (2.17)
P/Operating CF
— — — — — — (19.45) (0.52) (3.93)
P/B ratio
— — — — — — 0.00 0.00 1.78
Price to Tangible BV
— — — — — — 0.00 0.00 1.79
EV/Sales
— — — — — — 0.00 0.00 1.33
EV/EBITDA
— — — — — — 0.00 0.00 0.00
EV/Operating CF
— — — — — — (3.68) (0.32) (0.47)
EV/FCF
— — — — — — (3.61) (0.32) (0.47)
Quick Ratio
— 0.87 6.03 1.56 7.76 3.77 0.90 1.72 5.66
Current Ratio
— 0.89 6.36 2.22 8.03 4.51 1.18 2.01 5.85
Net Debt/EBITDA
— (0.20) 0.88 0.35 1.11 0.13 (0.23) (0.27) 1.87
Debt/Assets
0.00% 101.82% 0.32% 0.17% 8.41% 45.19% 81.81% 78.39% 25.15%
Debt/Equity
— (9.31) 0.00 0.00 0.10 1.20 (2.23) (5.92) 0.42
Asset Turnover
— 0.00 0.00 0.00 0.00 0.00 0.00 0.26 0.37
Operating CF/Net income
— 0.36 0.63 0.83 0.89 1.11 0.80 1.22 0.86
Capex/Depreciation
— 0.00 (0.75) (1.75) (3.96) (0.51) (0.14) 0.00 (0.02)
Interest Coverage
— (777.62) (8.89) (74.30) (28.23) (16.75) (13.20) (4.72) (2.31)
ROE
— (131.17%) (265.57%) (183.15%) (124.29%) (113.74%) (1,238.11%) 331.20% (100.18%)
ROA
— (129.91%) (114.25%) (130.31%) (94.12%) (74.51%) (126.74%) (83.29%) (37.69%)
ROIC
— 0.00% 0.00% (846.00%) (442.73%) (311.38%) (5,979.80%) (421.78%) (608.14%)
Return on Tangible Assets
— 609.59% (119.90%) (240.52%) (69.00%) (129.45%) (394.46%) (133.57%) (32.16%)
Average Days of Receivables
— 0.00 0.00 0.00 0.00 0.00 4,075.00 168.09 41.99
Research and Development Expense of Revenue
— 0.00% 0.00% 0.00% 0.00% 0.00% 16,323.29% 312.71% 132.51%
Selling, General and Administrative Expense of Revenue
— 0.00% 0.00% 0.00% 0.00% 0.00% 14,183.56% 227.84% 90.16%
Intangible Assets out of Total Assets
0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
Share Based Compensation of Revenue
— — 0.00% 0.00% 0.00% 0.00% 656.16% 10.68% 4.08%
Graham Net Nets
— — — — — — (0.09) (1.75) 0.45
Graham Number
— — — — — — 0.00 0.00 0.00
Earnings Yield
— — — — — — (35.97%) (232.17%) (43.42%)
Free Cash Flow Yield
— — — — — — (29.03%) (577.57%) (100.88%)
Revenue per Share
— 0.00 0.00 0.00 0.00 0.00 0.13 3.12 1.17
Operating CF per Share
— (0.14) (25.27) (40.29) (56.25) (54.51) (32.36) (12.06) (1.03)
Capex per Share
— 0.00 (0.22) (0.60) (3.49) (0.62) (0.16) 0.00 0.00
Free Cash Flow per Share
— (0.14) (25.49) (40.89) (59.74) (55.13) (32.52) (12.06) (1.04)
Cash per Share
— 0.53 34.41 18.90 82.50 27.88 10.21 5.55 3.63
Shareholders Equity per Share
— (0.07) 33.70 22.80 83.19 17.56 (8.65) (1.54) 2.66
Interest Debt per Share
— 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
— (0.07) 33.70 22.80 83.19 17.56 (8.65) (1.54) 2.66
Free Cash Flow
— (1.98) (7.08) (12.62) (23.29) (26.07) (17.78) (12.94) (6.64)
Working Capital
— (1.04) 9.24 6.02 30.38 13.22 1.27 4.40 20.64
Capital Expenditures
— (0.01) (0.06) (0.18) (1.36) (0.29) (0.09) — (0.01)
Net Current Asset Value
— (1.06) 9.24 6.02 26.98 3.26 (9.27) (5.37) 13.53
EV/EBIT
— — — — — — 0.00 0.00 0.00
Capex to Sales
— — 0.00 0.00 0.00 0.00 1.19 0.00 0.00
Price to Operating Income
— — — — — — 0.00 0.00 0.00
Other line items
Depreciation/Fixed assets
— 0.57 0.80 0.48 0.07 0.12 0.14 0.17 0.19
Cash ROIC
— (13.03%) (37.35%) (97.91%) (34.26%) (82.91%) (155.97%) (91.86%) (13.99%)
Accounts Receivable Turnover
— 0.00 0.00 0.00 0.00 0.00 0.08 2.84 6.26
Accounts Payable Turnover
— 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
— 0.00 0.00 0.00 0.00 0.00 — — —
Average Days of Payables
— 1,659.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days of Inventory on Hand
— 0.00 0.00 0.00 0.00 0.00 — — —
Average Receivables
— 0.85 0.80 1.33 1.62 1.21 0.91 1.18 1.20
Average Payables
— 0.79 0.49 2.16 3.26 2.47 2.39 2.83 2.58
Average Assets
— 4.26 9.80 11.52 26.06 31.09 17.46 12.69 20.45
Average Common Equity
— 4.22 4.22 8.20 19.74 20.37 1.79 (3.19) 7.69

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