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Biovica International AB Class B (SE:BIOVIC.B)
:BIOVIC.B

Biovica International AB Class B (BIOVIC.B) AI Stock Analysis

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SE:BIOVIC.B

Biovica International AB Class B

(BIOVIC.B)

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Neutral 45 (OpenAI - 5.2)
Rating:45Neutral
Price Target:
kr0.36
▲(2.00% Upside)
Action:ReiteratedDate:03/20/26
The score is driven primarily by weak financial performance—ongoing losses and significant cash burn outweigh improving revenue growth and a low-leverage balance sheet. Technicals add pressure with price below major moving averages and negative MACD, while valuation is constrained by a negative P/E and no dividend yield support.
Positive Factors
Low leverage / balance sheet flexibility
Low debt-to-equity (~0.05) gives Biovica financial flexibility typical for a biotech: it reduces short-term solvency risk, supports continued investment in commercialization and clinical validation, and lengthens runway versus highly leveraged peers while they scale revenues.
Negative Factors
Large cash burn
Material negative operating and free cash flow (~-65m TTM) shows the company cannot self-fund growth. Persistent cash burn forces reliance on external financing, raising dilution risk and constraining investment in sales, regulatory work, or R&D until operations become cash generative.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet flexibility
Low debt-to-equity (~0.05) gives Biovica financial flexibility typical for a biotech: it reduces short-term solvency risk, supports continued investment in commercialization and clinical validation, and lengthens runway versus highly leveraged peers while they scale revenues.
Read all positive factors

Biovica International AB Class B (BIOVIC.B) vs. iShares MSCI Sweden ETF (EWD)

Biovica International AB Class B Business Overview & Revenue Model

Company Description
Biovica International AB Class B (BIOVIC.B) is a biotechnology company based in Sweden, specializing in the development of diagnostic solutions for cancer. The company focuses on improving the management of cancer treatment through its innovative ...
How the Company Makes Money
Biovica makes money primarily by selling and supporting its proprietary diagnostic tests and related services based on the DiviTum platform. Revenue is generated from (1) commercial sales of DiviTum-based assays used for monitoring therapy respons...

Biovica International AB Class B Financial Statement Overview

Summary
Revenue is growing (TTM up ~10%), and the balance sheet shows low leverage (debt-to-equity ~0.05). However, profitability remains very weak (negative gross profit and large operating losses) and cash flow is a major headwind with materially negative operating and free cash flow (both ~-65m), indicating ongoing cash burn.
Income Statement
22
Negative
Balance Sheet
62
Positive
Cash Flow
25
Negative
BreakdownTTMApr 2024Apr 2023Apr 2022Apr 2022Apr 2021
Income Statement
Total Revenue10.90M8.62M7.29M3.38M2.04M2.08M
Gross Profit-27.99M8.08M6.88M4.62M4.67M5.27M
EBITDA-63.19M-76.22M-119.51M-105.96M-53.47M-36.56M
Net Income-71.50M-87.62M-124.82M-110.49M-60.00M-39.48M
Balance Sheet
Total Assets126.51M64.95M131.41M172.29M151.63M192.65M
Cash, Cash Equivalents and Short-Term Investments88.22M24.41M79.41M114.33M89.79M145.36M
Total Debt4.84M4.65M7.83M10.45M13.25M2.42M
Total Liabilities20.56M21.74M34.77M33.65M27.54M9.99M
Stockholders Equity105.95M43.21M96.64M138.63M124.09M182.66M
Cash Flow
Free Cash Flow-64.91M-85.65M-114.72M-97.42M-55.52M-37.97M
Operating Cash Flow-64.65M-85.37M-114.58M-94.64M-52.13M-34.41M
Investing Cash Flow-263.00K-287.00K-585.00K-2.78M-3.40M-3.56M
Financing Cash Flow110.14M30.93M79.50M122.01M-136.00K142.66M

Biovica International AB Class B Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.35
Price Trends
50DMA
0.38
Negative
100DMA
0.44
Negative
200DMA
0.54
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
51.16
Neutral
STOCH
59.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BIOVIC.B, the sentiment is Neutral. The current price of 0.35 is above the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.38, and below the 200-day MA of 0.54, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.16 is Neutral, neither overbought nor oversold. The STOCH value of 59.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BIOVIC.B.

Biovica International AB Class B Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
45
Neutral
kr104.83M-1.81-72.82%40.91%57.92%
44
Neutral
kr133.67M-1.48-52.45%2.56%52.76%
43
Neutral
kr93.26M-3.17-21.31%-67.00%13.62%
42
Neutral
kr82.19M-1.86-120.13%49.09%
42
Neutral
kr128.55M-1.34-294.38%186.74%73.17%
41
Neutral
kr3.39M-3.06-213.85%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:BIOVIC.B
Biovica International AB Class B
0.36
-0.43
-54.22%
SE:ALZ
Alzinova AB
0.60
-1.28
-67.96%
SE:BIOSGN
Biosergen AB
35.00
0.50
1.45%
SE:NICA
Nanologica AB
0.39
-0.58
-59.90%
SE:LPGO
Lipigon Pharmaceuticals AB
0.01
-0.09
-88.66%
SE:NXTCL
NextCell Pharma AB
1.20
-1.63
-57.60%
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: Mar 20, 2026