Alzinova AB (ALZ) AI Stock Analysis

• Market Cap: kr86.80M
• Dividend Yield: N/A
• Average Volume (3M): 655.64K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.05
• Revenue Growth: -67.00%
• EPS Growth: 13.62%
• Country: SE
• Employees: 5
• Sector: Healthcare
• Sector Strength: 45
• Industry: Biotechnology
• EPS (TTM): -0.07
• Shares Outstanding: 104,323,586
• 10 Day Avg. Volume: 664,473
• 30 Day Avg. Volume: 655,642
• PEG Ratio: 0.46
• Price to Book (P/B): 1.87
• Price to Sales (P/S): 7703.54
• P/FCF Ratio: -6.24
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: kr0.80 ▼(-1.95% Downside)

The score is held down primarily by persistent losses and worsening negative free cash flow, alongside a clearly bearish technical setup (price below all key moving averages with negative MACD). The main stabilizing factor is the strong balance sheet with no debt and a high equity ratio, but valuation metrics provide limited support due to negative earnings and no dividend.

Positive Factors

Strong Balance Sheet

A strong balance sheet with no debt and a high equity ratio of 93% reduces financial risk, providing a solid foundation for future growth.

Intellectual Property and Partnerships

The company's strategy of leveraging intellectual property and partnerships can create sustainable revenue streams and enhance long-term growth potential.

Focus on Alzheimer's Treatment

Specializing in Alzheimer's treatment positions the company in a high-demand market with significant growth potential as the population ages.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow indicates ongoing cash generation challenges, potentially limiting the company's ability to fund operations and growth initiatives.

Declining Revenue

A decline in revenue and deeply negative margins highlight operational challenges and may hinder the company's ability to achieve profitability in the near term.

Operational Challenges

Continued operational challenges, as indicated by negative EBIT and EBITDA margins, suggest difficulties in achieving efficient operations and profitability.

Alzinova AB Business Overview & Revenue Model

Company Description

Alzinova AB (publ), a biopharma company, engages in the development of an active immunotherapy for the treatment of Alzheimer's disease in Sweden. Its lead candidate is ALZ-101, an oligomer-specific vaccine for the treatment of Alzheimer's disease; and ALZ-201, a monoclonal antibody that is used for the treatment of toxic Aß oligomers. The company was founded in 2011 and is based in Mölndal, Sweden.

How the Company Makes Money

Alzinova AB generates revenue primarily through the advancement of its drug candidates, including potential milestone payments from partnerships and collaborations with larger pharmaceutical companies. The company may also earn revenue from licensing agreements, where it grants rights to its intellectual property or technology in exchange for upfront payments and royalties on future sales. As the company progresses through clinical trials and approaches potential regulatory approvals, it stands to benefit from increased investments and partnerships, which can further enhance its revenue streams.

Alzinova AB Financial Statement Overview

Summary

Alzinova AB faces substantial financial challenges with persistent losses and negative cash flows, despite strong equity and no debt. The biotechnology industry often involves high R&D costs, which may contribute to these financial results. While the company's equity position offers some stability, its path to profitability remains uncertain, requiring strategic focus on improving revenue and controlling expenses.

Income Statement

Alzinova AB's revenue has seen significant fluctuations, with a notable decline from 2022 to 2023. The company operates with negative profit margins, including a net profit margin of -685% in 2023, indicating substantial losses relative to revenue. The consistent negative EBIT and EBITDA margins reflect ongoing operational challenges. However, the company has maintained a relatively stable gross profit margin, suggesting some efficiency in managing direct costs.

Balance Sheet

The balance sheet shows a strong equity position with zero total debt in the latest period, reducing financial risk. The equity ratio improved to 93%, indicating a solid foundation with minimal liabilities. However, the company has a negative return on equity due to consistent net losses, which may concern investors seeking profitability.

Cash Flow

Cash flow analysis reveals significant free cash flow deficits, worsening from 2022 to 2023, driven by negative operating cash flow. The free cash flow to net income ratio is negative, highlighting cash flow challenges in covering net losses. Moreover, the reliance on financing activities to support cash reserves may not be sustainable in the long run.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	99.00K	30.00K	270.00K	16.63M	17.32M	14.90M
Gross Profit	26.01M	16.81M	19.87M	33.27M	34.64M	29.80M
EBITDA	-26.64M	-20.32M	42.00K	-13.07M	-7.52M	-6.50M
Net Income	-26.88M	-20.55M	-16.48M	-13.07M	-7.58M	-6.50M
Balance Sheet
Total Assets	136.90M	133.23M	123.19M	111.62M	91.69M	100.82M
Cash, Cash Equivalents and Short-Term Investments	485.00K	15.50M	22.03M	32.04M	28.84M	55.98M
Total Debt	800.00K	800.00K	800.00K	800.00K	800.00K	800.00K
Total Liabilities	9.05M	9.40M	9.33M	6.09M	3.22M	4.79M
Stockholders Equity	127.85M	123.82M	113.86M	105.53M	88.47M	96.02M
Cash Flow
Free Cash Flow	-39.60M	-37.05M	-34.82M	-26.95M	-27.14M	-21.17M
Operating Cash Flow	-25.68M	-20.27M	-15.21M	-10.31M	-9.82M	-6.27M
Investing Cash Flow	-25.91M	-16.78M	-19.60M	-16.63M	-17.32M	-14.90M
Financing Cash Flow	24.40M	30.52M	24.80M	30.15M	0.00	43.41M

Alzinova AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ALZ, the sentiment is Negative. The current price of 0.82 is below the 20-day moving average (MA) of 1.36, below the 50-day MA of 1.43, and below the 200-day MA of 1.62, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 26.00 is Positive, neither overbought nor oversold. The STOCH value of 5.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ALZ.

Alzinova AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
ALZ	46 Neutral	kr86.80M	-2.87	-20.85%	―	-67.00%	13.62%
MODTX	43 Neutral	kr37.70M	-1.33	-166.94%	―	―	-19.35%
NXTCL	43 Neutral	kr78.09M	-1.58	-52.45%	―	2.56%	52.76%
BIOSGN	42 Neutral	kr93.93M	-2.78	-201.21%	―	―	49.09%
BIOVIC.B	41 Neutral	kr127.25M	-0.79	-72.82%	―	40.91%	57.92%
NICA	39 Underperform	kr65.74M	-1.28	-294.38%	―	186.74%	73.17%