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BioArctic AB Class B
(BIOA.B)
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Rating:65Neutral
Price Target:
kr303.00
▼(-2.07% Downside)
Action:Downgraded
Date:05/21/26
The score is primarily supported by strong financial performance (especially balance-sheet quality and recent profitability/cash generation) but is held back by high year-to-year volatility and a negative P/E that weakens valuation confidence. Technical indicators are broadly neutral, offering limited incremental support.
Positive Factors
Strong Balance Sheet
Low leverage and a growing equity base provide financial resilience and flexibility. This supports continued investment in neurodegenerative drug programs while reducing dependence on external financing during development cycles.
Negative Factors
Declining Revenue Trend
Recent revenue contraction indicates that collaboration and milestone income may not be recurring or evenly distributed. This makes near-term planning more difficult and increases reliance on future development or commercial milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Low leverage and a growing equity base provide financial resilience and flexibility. This supports continued investment in neurodegenerative drug programs while reducing dependence on external financing during development cycles.
Read all positive factors
BioArctic AB Class B (BIOA.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr28.66B
Dividend Yield0.67%
Average Volume (3M)142.19K
Price to Earnings (P/E)134.0
Beta (1Y)0.26
Revenue Growth-24.40%
EPS Growth-76.40%
CountrySE
Employees141
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)2.41
Shares Outstanding74,324,486
10 Day Avg. Volume198,890
30 Day Avg. Volume142,190
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)13.99
Price to Sales (P/S)13.76
P/FCF Ratio19.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.17
Revenue Forecast (FY)kr1.36B
BioArctic AB Class B Business Overview & Revenue Model
Company Description
BioArctic AB (publ) develops biological drugs for patients with central nervous system disorders in Sweden. It engages in the research and development of innovative biological drugs, such as antibodies that address high unmet medical needs. The co...
How the Company Makes Money
BioArctic primarily makes money through partnering its drug candidates with larger pharmaceutical companies and monetizing its intellectual property. Key revenue streams include: (1) Licensing and collaboration income: BioArctic enters agreements ...
BioArctic AB Class B Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.15B | 2.00B | 257.35M | 616.00M | 228.29M | 23.15M |
| Gross Profit | 1.08B | 1.94B | 230.37M | 526.37M | 153.97M | -31.92M |
| EBITDA | 411.08M | 1.38B | -165.13M | 295.29M | 4.03M | -126.42M |
| Net Income | 213.24M | 1.02B | -177.08M | 229.25M | -11.18M | -119.79M |
Balance Sheet | ||||||
| Total Assets | 2.68B | 2.58B | 1.11B | 1.19B | 858.31M | 897.73M |
| Cash, Cash Equivalents and Short-Term Investments | 2.03B | 2.19B | 778.92M | 1.11B | 805.39M | 848.40M |
| Total Debt | 40.74M | 44.07M | 54.23M | 4.98M | 10.04M | 15.88M |
| Total Liabilities | 481.21M | 608.14M | 216.74M | 139.50M | 72.06M | 109.05M |
| Stockholders Equity | 2.20B | 1.97B | 894.94M | 1.05B | 786.24M | 788.68M |
Cash Flow | ||||||
| Free Cash Flow | 1.25B | 1.42B | -342.97M | 302.25M | -44.38M | -144.84M |
| Operating Cash Flow | 1.25B | 1.43B | -316.33M | 309.69M | -31.64M | -140.46M |
| Investing Cash Flow | -610.48M | -894.65M | 205.63M | -507.49M | -12.76M | -4.41M |
| Financing Cash Flow | 25.18M | 26.91M | 5.69M | 14.06M | -2.81M | -7.39M |
BioArctic AB Class B Technical Analysis
Positive
309.40
Price Trends
312.48
Positive
317.56
Positive
312.47
Positive
Market Momentum
2.32
Negative
54.81
Neutral
59.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BIOA.B, the sentiment is Positive. The current price of 309.4 is below the 20-day moving average (MA) of 317.14, below the 50-day MA of 312.48, and below the 200-day MA of 312.47, indicating a bullish trend. The MACD of 2.32 indicates Negative momentum. The RSI at 54.81 is Neutral, neither overbought nor oversold. The STOCH value of 59.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BIOA.B.
BioArctic AB Class B Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | kr1.75B | 8.04 | 38.53% | ― | 26.85% | -18.05% | |
65 Neutral | kr28.66B | 134.02 | 10.44% | 0.69% | -24.40% | -76.40% | |
59 Neutral | kr929.43M | -12.70 | -234.11% | ― | ― | -32.27% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | kr245.47M | -1.61 | -275.71% | ― | -6.59% | 27.05% | |
44 Neutral | kr1.62B | -4.61 | -53.88% | ― | 258.30% | 28.33% | |
43 Neutral | kr192.10M | -3.46 | -19.89% | ― | -100.00% | 11.65% |
* Healthcare Sector Average
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BioArctic AB Class B Corporate Events
BioArctic and Mesenkia team up on novel glioblastoma therapy
Aug 19, 2026
BioArctic and Mesenkia Therapeutics have entered a research collaboration to develop a novel antibody-based treatment approach for glioblastoma, one of the most aggressive and treatment-resistant brain cancers. The partnership combines BioArctic&#...
BioArctic schedules August 26 webcast for Q2 2026 report
Aug 19, 2026
BioArctic AB announced it will release its second quarter report for the period April to June 2026 on August 26 at 8:00 a.m. CEST. The timing underscores the company’s ongoing communication efforts with the market as it advances its neurodeg...
BioArctic’s Leqembi Royalties Surge on Strong Global Q2 Sales
Jul 29, 2026
BioArctic reported that partner Eisai’s Alzheimer’s drug Leqembi generated global sales of JPY 29.3 billion in the second quarter of 2026, translating into royalty income of SEK 179 million for the Swedish biopharma group. This represe...
Real-World Study Backs Long-Term Stability on BioArctic–Eisai Alzheimer’s Drug Leqembi
Jul 14, 2026
Real-world data from Eisai’s three-year LEADER study, presented at AAIC 2026, indicate that 82.5% of patients with early Alzheimer’s disease treated with Leqembi over an average of 17 months remained stable or improved, with consistent...
BioArctic’s Partner Eisai Wins FDA Nod for At-Home Leqembi Injection in Early Alzheimer’s
Jul 13, 2026
BioArctic’s partner Eisai has secured U.S. FDA approval for Leqembi Iqlik, a once-weekly subcutaneous autoinjector formulation of lecanemab as a starting dose for adults with early Alzheimer’s disease, with a U.S. launch slated for lat...
Subcutaneous Leqembi Autoinjector Matches IV Exposure, Promises More Flexible Alzheimer’s Care
Jul 12, 2026
BioArctic’s partner Eisai reported at the Alzheimer’s Association International Conference that a once-weekly 500 mg subcutaneous Leqembi autoinjector achieved drug exposure bioequivalent to the approved intravenous initiation regimen,...
BioArctic and Eisai to unveil expansive lecanemab data at AAIC 2026
Jun 30, 2026
BioArctic’s partner Eisai will present extensive new clinical and real-world data on the Alzheimer’s drug lecanemab (Leqembi) at the Alzheimer’s Association International Conference in London in mid-July 2026. The program covers ...
BioArctic Taps Lilly in Fourth BrainTransporter Partnership
Jun 22, 2026
BioArctic has entered a research and collaboration agreement with Eli Lilly to combine BioArctic’s BrainTransporter technology with an undisclosed Lilly neurodegeneration drug candidate, aiming to improve delivery of therapies across the blo...
BioArctic Updates Share and Vote Count After Stock Option Exercise
May 29, 2026
BioArctic AB has issued 5,000 new Class B shares in May 2026 to fulfill obligations under its 2019/2028 stock option program, following the exercise of an equal number of options by participants. This modest increase reflects ongoing use of equity...
BioArctic AGM Backs Dividend, New Share Mandate and Employee Incentive Plan
May 28, 2026
BioArctic AB’s annual general meeting approved the 2025 income statements and balance sheets for the company and group, and set a dividend of SEK 2 per share, signaling continued confidence in its financial position. Shareholders also discha...
Eisai Sees Strong 2028 Sales Potential for BioArctic’s Alzheimer’s Drug Leqembi
May 25, 2026
BioArctic’s partner Eisai has published a sales simulation suggesting that Alzheimer’s drug Leqembi could generate around JPY 300 billion, roughly SEK 17.6 billion, in the company’s fiscal year 2028, underscoring the therapy̵...
BioArctic lifts royalties and milestones as Leqembi expands globally amid mixed regulatory signals
May 20, 2026
BioArctic reported strong first-quarter 2026 results driven by rising royalty income and a new commercial milestone payment from Eisai tied to Leqembi sales surpassing EUR 500 million in Eisai’s 2025 fiscal year. The company posted net reven...
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.