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Biohaven Ltd. (BHVN)
NYSE:BHVN
US Market

Biohaven Ltd. (BHVN) AI Stock Analysis

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Biohaven Ltd.

(NYSE:BHVN)

Rating:40Underperform
Price Target:
Biohaven Ltd.'s overall stock score is low due to substantial financial challenges, including zero revenue and negative cash flow. Technical analysis indicates bearish momentum, and the valuation is unattractive due to a negative P/E ratio. However, the recent $600 million investment provides a positive outlook by supporting clinical developments. Despite this, the overall risks remain significant, making the stock a cautious investment.
Positive Factors
Investor Interest
Biohaven's pipeline is considered one of the most expansive in smidcap biotech, attracting significant investor interest.
Pipeline Advancements
Biohaven highlighted advances across the company's increasingly diversified pipeline portfolio, including in weight/muscle management, inflammation/autoimmune, neurological, and oncology.
Regulatory Confidence
Management sounded very confident in the SCA regulatory process, indicating its responses to the FDA’s questions were fairly easy and quick.
Negative Factors
Regulatory Challenges
The FDA recently extended the PDUFA date for the NDA of troriluzole in SCA by 3 months, indicating potential regulatory delays.
Regulatory Delays
The FDA recently extended the PDUFA date for the NDA of troriluzole in SCA by 3 months, indicating potential regulatory delays.

Biohaven Ltd. (BHVN) vs. SPDR S&P 500 ETF (SPY)

Biohaven Ltd. Business Overview & Revenue Model

Company DescriptionBiohaven Ltd. (BHVN) is a biopharmaceutical company focused on the research, development, and commercialization of innovative therapies for neurological and neuropsychiatric diseases. The company operates in the healthcare sector and specializes in addressing unmet medical needs within the central nervous system (CNS) disorders. Biohaven's core products include FDA-approved treatments for migraine and other CNS conditions, leveraging its proprietary platforms and extensive research capabilities.
How the Company Makes MoneyBiohaven Ltd. generates revenue primarily through the sale of its pharmaceutical products designed to treat neurological and neuropsychiatric diseases. The company's key revenue streams include sales from its approved drugs, particularly in the migraine treatment market. Biohaven may also earn income through licensing agreements, where it partners with other pharmaceutical companies to distribute its products in various regions. Additionally, the company could be involved in collaborative research and development agreements, which may provide milestone payments and royalties, contributing to its earnings.

Biohaven Ltd. Financial Statement Overview

Summary
Biohaven Ltd. faces financial challenges with zero revenue and significant operational losses. The balance sheet is stable but lacks growth, and cash flow remains negative with reliance on financing. Overall, financial health is weak, requiring revenue growth and improved cash generation.
Income Statement
15
Very Negative
Biohaven Ltd. has consistently reported zero revenue in recent years, indicating a lack of product sales or service income. The company has faced significant losses with net income remaining negative, reflecting ongoing operational challenges. This lack of revenue generation alongside substantial losses results in a low income statement score.
Balance Sheet
35
Negative
The balance sheet reveals a relatively stable equity position with stockholders' equity remaining positive. However, the debt-to-equity ratio has been manageable due to low levels of debt. Despite positive cash balances, the company’s equity ratio is impacted by limited asset growth. The overall financial position is stable but lacks significant improvement, contributing to a moderate score.
Cash Flow
25
Negative
Operating cash flow is consistently negative, indicating ongoing cash outflows from core operations. Free cash flow remains negative, reflecting challenges in generating cash after capital expenditures. The cash flow score is limited by the lack of positive cash generation, although financing inflows have supported liquidity.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.00462.51M0.00
Gross Profit-977.00K0.00-3.37M-1.39M370.85M45.93M
EBITDA-917.02M-841.76M-429.14M-566.55M-217.51M-114.43M
Net Income-888.60M-846.42M-408.17M-570.28M-213.80M-118.67M
Balance Sheet
Total Assets458.95M615.11M513.21M661.78M142.06M111.50M
Cash, Cash Equivalents and Short-Term Investments322.75M485.99M381.82M465.34M76.06M82.51M
Total Debt30.80M36.58M30.88M30.58M626.72M267.46M
Total Liabilities199.45M191.67M85.24M123.01M47.37M34.72M
Stockholders Equity259.50M423.44M427.98M538.77M34.69M16.78M
Cash Flow
Free Cash Flow-649.01M-586.50M-334.77M-338.76M-146.78M-78.65M
Operating Cash Flow-644.94M-582.45M-331.73M-297.69M-145.84M-75.96M
Investing Cash Flow-114.13M-244.97M129.83M-304.79M944.00K-2.70M
Financing Cash Flow674.72M677.77M211.91M767.60M138.45M152.24M

Biohaven Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price14.09
Price Trends
50DMA
17.61
Negative
100DMA
24.03
Negative
200DMA
34.14
Negative
Market Momentum
MACD
-0.91
Negative
RSI
34.67
Neutral
STOCH
26.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BHVN, the sentiment is Negative. The current price of 14.09 is below the 20-day moving average (MA) of 15.36, below the 50-day MA of 17.61, and below the 200-day MA of 34.14, indicating a bearish trend. The MACD of -0.91 indicates Negative momentum. The RSI at 34.67 is Neutral, neither overbought nor oversold. The STOCH value of 26.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BHVN.

Biohaven Ltd. Risk Analysis

Biohaven Ltd. disclosed 60 risk factors in its most recent earnings report. Biohaven Ltd. reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Biohaven Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (48)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$2.05B-3.81%59.45%-290.38%
64
Neutral
$2.20B48.01-16.56%53.40%-230.86%
58
Neutral
$2.08B-31.51%
51
Neutral
$1.64B-70.58%100.03%64.22%
49
Neutral
$1.70B-33.98%449.03%42.86%
48
Neutral
AU$2.43B4.28-64.25%2.88%36.51%13.13%
40
Underperform
$1.44B-316.82%-65.63%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BHVN
Biohaven Ltd.
14.09
-21.22
-60.10%
LGND
Ligand Pharma
114.15
29.30
34.53%
KNSA
Kiniksa Pharmaceuticals
28.04
10.04
55.78%
ARQT
Arcutis Biotherapeutics
13.74
4.18
43.72%
TARS
Tarsus Pharmaceuticals
40.35
12.11
42.88%
NAMS
NewAmsterdam Pharma Company
18.57
-2.01
-9.77%

Biohaven Ltd. Corporate Events

Private Placements and Financing
Biohaven Ltd. Secures $600M Investment from Oberland Capital
Positive
Apr 28, 2025

On April 28, 2025, Biohaven Ltd. announced a Note Purchase Agreement with Oberland Capital for an investment of up to $600 million, with an initial tranche of $250 million to be funded shortly after the closing date. This agreement aims to support Biohaven’s clinical trials and commercialization efforts, particularly for troriluzole, a potential treatment for spinocerebellar ataxia, pending FDA approval. The deal reflects Oberland Capital’s confidence in Biohaven’s innovative therapeutic portfolio and its potential to address unmet needs in rare diseases.

Spark’s Take on BHVN Stock

According to Spark, TipRanks’ AI Analyst, BHVN is a Underperform.

Biohaven Ltd. is in a challenging financial position with no revenue and negative cash flow, resulting in a low financial performance score. Technical indicators suggest bearish momentum, and the valuation reflects the absence of profitability. These factors contribute to a low overall stock score, highlighting significant risks in investing.

To see Spark’s full report on BHVN stock, click here.

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: Apr 29, 2025