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Initiator Pharma A/S
(INIT)
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Rating:44Neutral
Price Target:
kr2.50
▲(9.17% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily constrained by weak financial performance: no revenue, widening losses, and persistent negative operating/free cash flow that imply continued reliance on external funding and potential dilution. Technicals are mixed-to-weak with the price below key longer-term moving averages and only neutral momentum. Valuation provides limited support because earnings are negative and no dividend yield is available.
Positive Factors
Focused clinical-stage pipeline
A clear, specialized R&D strategy targeting CNS and male sexual-health niches concentrates resources and expertise. Durable advantage: focused assets can produce discrete regulatory and partnering inflection points, enabling value creation via approvals or licensing over the coming months.
Negative Factors
Pre-revenue with widening losses
The company is pre-revenue and losses have materially widened, reflecting sustained R&D spend without commercial offset. This structural profile leaves valuation and continuity dependent on successful clinical outcomes or financing, raising dilution and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused clinical-stage pipeline
A clear, specialized R&D strategy targeting CNS and male sexual-health niches concentrates resources and expertise. Durable advantage: focused assets can produce discrete regulatory and partnering inflection points, enabling value creation via approvals or licensing over the coming months.
Read all positive factors
Initiator Pharma A/S (INIT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr169.08M
Dividend YieldN/A
Average Volume (3M)133.41K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue GrowthN/A
EPS Growth-58.96%
CountrySE
Employees1
SectorGeneral
Sector StrengthN/A
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.33
Shares Outstanding68,452,890
10 Day Avg. Volume157,519
30 Day Avg. Volume133,406
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)4.31
Price to Sales (P/S)0.00
P/FCF Ratio-7.18
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)-0.63
Revenue Forecast (FY)N/A
Initiator Pharma A/S Business Overview & Revenue Model
Company Description
Initiator Pharma A/S is a clinical-stage life sciences firm dedicated to discovering therapeutic solutions for critical unmet medical needs affecting the central and peripheral nervous systems. Its development pipeline features several clinical-ph...
How the Company Makes Money
null...
Initiator Pharma A/S Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -23.91M | -14.83M | -11.07K | -23.41K | -38.42K | -21.63K |
| EBITDA | -26.41M | -18.20M | -14.50K | -27.03K | -41.73K | -23.06K |
| Net Income | -22.38M | -14.01M | -12.93K | -22.87K | -38.45M | -21.06M |
Balance Sheet | ||||||
| Total Assets | 26.78M | 32.99M | 15.29M | 29.79M | 48.34M | 53.70M |
| Cash, Cash Equivalents and Short-Term Investments | 19.90M | 26.26M | 13.37M | 24.34M | 38.91M | 34.15M |
| Total Debt | 7.56M | 2.15M | 0.00 | 15.44M | 12.58M | 13.29M |
| Total Liabilities | 8.70M | 3.43M | 510.00K | 18.62M | 14.32M | 18.71M |
| Stockholders Equity | 18.08M | 29.56M | 14.78M | 11.16M | 34.02M | 34.99M |
Cash Flow | ||||||
| Free Cash Flow | -18.69M | -17.73M | -12.08M | -17.65M | -32.70M | -34.10M |
| Operating Cash Flow | -18.46M | -18.19M | -12.08M | -17.65M | -32.70M | -34.10M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | -17.00K | 0.00 |
| Financing Cash Flow | 33.55M | 31.36M | 1.11M | 2.87M | 37.48M | 54.94M |
Initiator Pharma A/S Technical Analysis
Negative
2.29
Price Trends
2.59
Negative
2.86
Negative
2.92
Negative
Market Momentum
-0.01
Negative
47.73
Neutral
45.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:INIT, the sentiment is Negative. The current price of 2.29 is below the 20-day moving average (MA) of 2.42, below the 50-day MA of 2.59, and below the 200-day MA of 2.92, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.73 is Neutral, neither overbought nor oversold. The STOCH value of 45.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:INIT.
Initiator Pharma A/S Peers Comparison
UnderperformOutperform
Sector (55)
SE:INIT
Initiator Pharma A/S
2.47
-0.91
-26.92%
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1.66
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-15.56%
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0.06
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4.92%
DE:1XT
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0.01
-0.01
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DE:99Z
Modus Therapeutics Holding AB
0.02
-0.15
-86.31%
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.