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Camurus AB (SE:CAMX)
:CAMX
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Camurus AB (CAMX) AI Stock Analysis

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SE:CAMX

Camurus AB

(OTC:CAMX)

Rating:67Neutral
Price Target:
kr697.00
▲(9.68% Upside)
Camurus AB's overall stock score is driven primarily by its strong financial performance, characterized by robust revenue growth, high profitability, and efficient cash flow management. However, the technical analysis indicates some short-term weakness, and the high P/E ratio suggests potential overvaluation. The absence of earnings call data and corporate events means these factors did not influence the score.

Camurus AB (CAMX) vs. iShares MSCI Sweden ETF (EWD)

Camurus AB Business Overview & Revenue Model

Company DescriptionCamurus AB (CAMX) is a Swedish biotechnology company focused on developing and commercializing innovative drug delivery technologies and products for the treatment of various severe and chronic diseases, particularly in the fields of pain management and addiction. The company leverages its proprietary FluidCrystal® technology platform to create long-acting injectable formulations, enhancing patient adherence and improving therapeutic outcomes. Camurus' core products include Buvidal, an injectable formulation for the treatment of opioid dependence, and other pipeline candidates targeting different therapeutic areas.
How the Company Makes MoneyCamurus AB generates revenue primarily through the commercialization of its products, including Buvidal, which is sold in various international markets. The company earns revenue from product sales, licensing agreements, and collaborations with pharmaceutical partners for the development and distribution of its drug formulations. Key revenue streams include royalties and milestones from partnerships, as well as direct sales from its proprietary drugs. Camurus has established significant partnerships with larger pharmaceutical companies, which provide not only financial support but also facilitate market access and distribution, thereby enhancing its earnings potential.

Camurus AB Earnings Call Summary

Earnings Call Date:Jul 17, 2025
(Q3-2024)
|
% Change Since: -7.90%|
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Positive
The earnings call presented strong financial performance and growth in key product sales, along with a solid cash position. However, challenges such as the FDA's CRL and increased operating expenses were noted. The positive aspects of growth and profitability were more pronounced, leading to an optimistic outlook.
Q3-2024 Updates
Positive Updates
Record Revenue Growth
Camurus achieved a revenue growth of 38% year-on-year, reaching SEK 480 million, excluding a one-time revenue in 2023.
Increased Profitability
Profit before tax increased by 125% to SEK 165 million in Q3, excluding the one-time milestone.
Strong Cash Position
Cash position increased to SEK 2.75 billion, with no debt.
Buvidal and Brixadi Sales Growth
Buvidal sales grew by 22% year-on-year to SEK 421 million, and Brixadi net sales increased by 39% quarter-on-quarter, resulting in a SEK 58 million royalty contribution.
Positive R&D Advancements
Advanced R&D pipeline with positive Phase III results from the ACROINNOVA 2 study and progress in U.S. NDA labeling.
Negative Updates
FDA Complete Response Letter
Received a CRL from the FDA due to cGMP inspection at a third-party manufacturer, pending classification.
Slight Market Slowdown
The third quarter showed a slight slowdown in market growth, attributed to seasonal factors.
Increased Operating Expenses
Total OpEx reached SEK 304 million, a 21% increase versus the prior year, driven by marketing and distribution investments.
Company Guidance
During the Q3 2024 earnings call for Camurus (CAMX.ST), the company provided an optimistic update on its financial and operational performance. Revenue in the third quarter increased by 38% year-on-year to SEK 480 million, with an impressive profit before tax surge of 125% to SEK 165 million. The quarter also saw Buvidal sales climb by 22% to SEK 421 million, while Brixadi net sales in the U.S. rose by 39% quarter-on-quarter, contributing SEK 58 million in royalties. The company's gross margin reached 93%, and its cash position improved to SEK 2.75 billion, maintaining a debt-free status. The company revised its full-year 2024 outlook upwards, anticipating total revenue between SEK 1,810 million and SEK 1,880 million, and a profit before taxes in the range of SEK 450 million to SEK 510 million. R&D advancements were highlighted by positive Phase III results and ongoing regulatory progress, despite a CRL from the FDA due to a cGMP inspection issue. Camurus remains focused on meeting its 2027 vision, buoyed by strong year-to-date performance and promising Q4 expectations.

Camurus AB Financial Statement Overview

Summary
Camurus AB displays strong financial performance with impressive revenue growth, robust profit margins, and a healthy balance sheet. The company shows effective cost management and financial stability, though reliant on consistent revenue and cash flow growth.
Income Statement
85
Very Positive
Camurus AB shows strong income statement performance with an impressive revenue growth rate of 8.99% (TTM) and consistent improvement from previous years. The gross profit margin is robust at 93.02%, indicating effective cost management. Net profit margin stands at 26.90%, showcasing strong profitability. EBIT and EBITDA margins are healthy at 31.03% and 34.82% respectively, reflecting efficient operating performance. Continued growth and profitability enhance the company's financial standing, though the high reliance on consistent revenue growth could pose potential risks if not sustained.
Balance Sheet
88
Very Positive
The balance sheet of Camurus AB is very strong, with a favorable debt-to-equity ratio of 0.03, indicating low leverage and financial risk. The company has a high equity ratio of 87.86%, suggesting strong financial stability and asset backing. Return on equity is notably strong at 15.71%, showcasing effective utilization of shareholder funds. The company's solid equity base and low debt levels highlight its stability and lower risk exposure in the biotechnology sector.
Cash Flow
82
Very Positive
Camurus AB demonstrates strong cash flow management with a free cash flow growth rate of 2.45% (TTM) and a high operating cash flow to net income ratio of 0.78, indicating efficient cash conversion. The free cash flow to net income ratio is also strong at 0.67, highlighting effective cash generation from its operations. However, the company's reliance on consistent operating cash flow for funding growth may present risks if operating conditions change.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.27B1.87B1.72B956.34M600.57M336.00M
Gross Profit2.12B1.74B1.59B853.08M515.22M300.71M
EBITDA934.93M568.24M562.54M87.59M-97.72M-196.58M
Net Income718.37M428.39M431.44M55.55M-90.45M-167.26M
Balance Sheet
Total Assets4.42B3.76B1.91B1.31B1.08B1.04B
Cash, Cash Equivalents and Short-Term Investments3.35B2.85B1.19B565.54M411.57M461.79M
Total Debt103.80M17.04M24.51M26.22M25.66M25.48M
Total Liabilities553.52M467.33M414.82M310.82M232.99M196.66M
Stockholders Equity3.87B3.29B1.49B994.67M848.91M847.44M
Cash Flow
Free Cash Flow618.96M358.62M596.75M99.29M-148.37M-242.16M
Operating Cash Flow706.33M387.99M606.88M101.20M-143.43M-238.83M
Investing Cash Flow-87.37M-29.37M-10.13M5.38M-4.94M-3.33M
Financing Cash Flow173.77M1.30B28.76M43.70M98.90M347.85M

Camurus AB Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price635.50
Price Trends
50DMA
652.45
Negative
100DMA
613.85
Positive
200DMA
602.16
Positive
Market Momentum
MACD
-4.80
Positive
RSI
44.27
Neutral
STOCH
30.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CAMX, the sentiment is Neutral. The current price of 635.5 is below the 20-day moving average (MA) of 677.27, below the 50-day MA of 652.45, and above the 200-day MA of 602.16, indicating a neutral trend. The MACD of -4.80 indicates Positive momentum. The RSI at 44.27 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:CAMX.

Camurus AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
kr21.09B23.3760.96%501.62%
67
Neutral
kr38.69B53.1420.47%42.25%210.72%
57
Neutral
kr2.56B-45.80%-0.57%-39.92%
50
Neutral
AU$2.58B3.165.87%2.68%36.95%13.61%
49
Neutral
kr2.45B
20.12%40.54%
47
Neutral
€1.55B-41.54%3.27%
45
Neutral
kr2.72B-40.15%-94.25%9.47%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:CAMX
Camurus AB
648.50
-56.00
-7.95%
SE:HNSA
Hansa Biopharma AB
28.94
-10.48
-26.59%
SE:BINV
BioInvent International AB
38.85
-1.30
-3.24%
SE:BIOA.B
BioArctic AB Class B
238.20
85.40
55.89%
SE:VICO
Vicore Pharma Holding AB
11.58
-4.82
-29.41%
SE:XSPRAY
Xspray Pharma AB
41.70
-8.10
-16.27%

Camurus AB Corporate Events

Camurus Reports Robust Growth in Q2 2025
Jul 17, 2025

Camurus reported a successful second quarter in 2025, with total revenues increasing by 52% to SEK 676 million and profit before tax soaring by 195% to SEK 307 million. The company maintained its financial outlook for 2025 and highlighted key achievements such as a collaboration with Eli Lilly and Company, European Commission’s marketing authorization for Oczyesa®, and positive Phase 2b results for CAM2029. These developments underscore Camurus’ strong market positioning and potential for growth, benefiting stakeholders and reinforcing its leadership in the biopharmaceutical industry.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK750.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

Camurus’ Oczyesa Gains EU Approval for Acromegaly Treatment
Jul 1, 2025

Camurus announced that its product Oczyesa, a once-monthly subcutaneous octreotide, has received marketing authorization from the European Commission for treating acromegaly in adults. This approval marks a significant advancement as Oczyesa offers a convenient self-administration option and has shown superior biochemical control and improved quality of life in clinical trials, positioning Camurus as a leader in innovative treatments for rare diseases.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK710.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

Camurus Expands Share Count to Support Employee Incentive Program
Jun 30, 2025

Camurus AB announced an increase in the number of shares and votes following the exercise of employee stock options and the issuance of series C shares to fulfill commitments under its long-term incentive program. This move, which resulted in an increase of 781,566 shares and votes, reflects the company’s ongoing efforts to incentivize its employees and align with its strategic growth objectives.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK710.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

Camurus’ POSITANO Study Shows Promising Results for PLD Treatment
Jun 18, 2025

Camurus announced positive results from its POSITANO Phase 2b study, which evaluated the efficacy and safety of CAM2029 in patients with polycystic liver disease (PLD). The study demonstrated that CAM2029 significantly reduces liver and cyst volume compared to placebo and improves symptoms, addressing a high unmet medical need in PLD treatment. Following these results, Camurus plans to discuss a Phase 3 study with regulatory authorities, potentially enhancing its positioning in the biopharmaceutical industry and offering hope to PLD patients.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK710.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

Camurus Partners with Eli Lilly for Long-Acting Incretin Therapies
Jun 3, 2025

Camurus has entered a collaboration and license agreement with Eli Lilly, granting Lilly exclusive rights to develop and commercialize long-acting incretin products for cardiometabolic health using Camurus’ FluidCrystal technology. This partnership could bring Camurus up to $870 million in milestone payments and royalties, enhancing its market presence in the rapidly expanding field of metabolic diseases while allowing it to maintain its focus on CNS and rare diseases.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK710.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

Camurus Executes Share Repurchase to Support Incentive Plan
May 27, 2025

Camurus’ Board of Directors has exercised its authorization to repurchase shares as part of its commitment to the Performance Share Plan 2025/2028. This strategic move involves the repurchase and conversion of 240,000 series C shares into common shares, effectively doubling the company’s holdings of common shares to 480,000, which is expected to enhance the company’s operational flexibility and shareholder value.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK710.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

Camurus AB Annual General Meeting 2025: Key Resolutions and Strategic Initiatives
May 27, 2025

Camurus AB held its annual general meeting where key resolutions were passed, including the re-election of board members and the election of new members, as well as the approval of fees for board and committee members. The meeting also authorized the board to issue new shares and convertibles, acquire and transfer the company’s own shares, and implement a Performance Share Plan for employees. These resolutions aim to enhance Camurus’ strategic flexibility and align employee incentives with company performance, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK710.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

Camurus Reports Strong Q1 2025 Performance with Significant Revenue Growth
May 15, 2025

Camurus reported a strong first quarter in 2025, with total revenues increasing by 43% to SEK 558 million and product sales rising by 33% to SEK 485 million. The company also saw a significant 162% rise in profit before tax. Key developments included regulatory approval for Buvidal in Serbia and new launches in Switzerland and Luxembourg, along with the initiation of a Phase 1 clinical study for a new semaglutide depot. The positive CHMP opinion for Oczyesa® in the EU marks a significant advancement for Camurus, potentially enhancing its market positioning and stakeholder value.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK750.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

Camurus Appoints New CFO to Drive Growth and Diversification
May 14, 2025

Camurus has appointed Anders Vadsholt as its new Chief Financial Officer, effective July 1, 2025. Vadsholt brings significant financial and M&A experience from the biotech and pharmaceutical sectors, having previously served as CFO for Orphazyme A/S and Topotarget A/S. This strategic appointment is expected to support Camurus’ continued growth and diversification, enhancing its position in the biopharmaceutical industry. The transition is set to be smooth, with outgoing CFO Jon Garay Alonso remaining until August to facilitate the change.

The most recent analyst rating on (SE:CAMX) stock is a Buy with a SEK710.00 price target. To see the full list of analyst forecasts on Camurus AB stock, see the SE:CAMX Stock Forecast page.

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: Aug 11, 2025