Vicore Pharma Holding AB (SE:VICO)
:VICO
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Vicore Pharma Holding AB
(VICO)
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Rating:50Neutral
Price Target:
kr11.00
▼(-0.72% Downside)
Action:ReiteratedDate:03/26/26
The score is held back primarily by weak financial performance—sharp revenue decline, very large losses, and ongoing cash burn—despite a strong, low-debt balance sheet. Technicals are only modestly supportive (price above key moving averages but weak momentum), and valuation is difficult to support given losses and no dividend yield.
Positive Factors
Balance sheet strength
Near-zero reported debt and an expanded equity base provide durable financial flexibility. This reduces bankruptcy risk and gives management time to advance clinical programs without immediate debt servicing pressure, supporting long-term R&D funding optionality.
Negative Factors
Persistent cash burn
Consistent and worsening negative operating cash flow forces reliance on external financing or equity raises. Over months to years this dilutes shareholders, constrains strategic choices, and raises execution risk for multi-phase clinical programs absent material non-dilutive funding or milestone revenues.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Near-zero reported debt and an expanded equity base provide durable financial flexibility. This reduces bankruptcy risk and gives management time to advance clinical programs without immediate debt servicing pressure, supporting long-term R&D funding optionality.
Read all positive factors
Vicore Pharma Holding AB (VICO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.81B
Dividend YieldN/A
Average Volume (3M)520.11K
Price to Earnings (P/E)―
Beta (1Y)0.61
Revenue Growth-91.85%
EPS Growth-6.65%
CountrySE
Employees33
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.54
Shares Outstanding281,525,600
10 Day Avg. Volume692,423
30 Day Avg. Volume520,111
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)2.47
Price to Sales (P/S)710.16
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr38.00Price Target Upside242.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.86
Revenue Forecast (FY)kr7.99M
Vicore Pharma Holding AB Business Overview & Revenue Model
Company Description
Vicore Pharma Holding AB (publ) engages in the research and development of pharmaceutical products for the treatments for rare lung diseases. The company is developing VP01, a small molecule compound for oral administration that is in phase II cli...
How the Company Makes Money
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Vicore Pharma Holding AB Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.82M | 109.35M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 3.82M | 109.35M | -3.42M | -3.61M | -3.60M |
| EBITDA | -454.44M | -166.64M | -317.47M | -286.20M | -289.82M |
| Net Income | -477.47M | -168.63M | -310.94M | -288.42M | -296.48M |
Balance Sheet | |||||
| Total Assets | 1.22B | 1.20B | 497.84M | 338.01M | 451.17M |
| Cash, Cash Equivalents and Short-Term Investments | 1.17B | 1.16B | 482.66M | 261.74M | 371.20M |
| Total Debt | 0.00 | 0.00 | 0.00 | 65.00K | 320.00K |
| Total Liabilities | 124.16M | 73.78M | 42.45M | 48.92M | 67.85M |
| Stockholders Equity | 1.10B | 1.13B | 455.39M | 289.08M | 383.32M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -164.95M | -448.62M | -302.92M | -265.17M |
| Operating Cash Flow | -374.44M | -164.95M | -249.58M | -299.92M | -265.17M |
| Investing Cash Flow | -601.81M | 149.04M | -144.46M | 74.00M | -7.00M |
| Financing Cash Flow | 430.54M | 834.06M | 470.86M | 187.04M | 318.18M |
Vicore Pharma Holding AB Technical Analysis
Negative
11.08
Price Trends
10.30
Negative
10.54
Negative
10.44
Negative
Market Momentum
-0.09
Negative
46.63
Neutral
15.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:VICO, the sentiment is Negative. The current price of 11.08 is above the 20-day moving average (MA) of 9.96, above the 50-day MA of 10.30, and above the 200-day MA of 10.44, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 46.63 is Neutral, neither overbought nor oversold. The STOCH value of 15.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:VICO.
Vicore Pharma Holding AB Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | kr3.13B | -5.27 | ― | ― | -5.69% | 21.58% | |
56 Neutral | kr954.61M | -10.42 | -58.41% | ― | ― | 48.14% | |
55 Neutral | kr974.56M | 7.07 | 81.19% | ― | ― | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | kr2.81B | -5.68 | -49.96% | ― | -91.85% | -6.65% | |
47 Neutral | kr1.50B | -5.81 | -47.20% | ― | 533.73% | 20.92% | |
45 Neutral | kr1.39B | -7.05 | -35.03% | ― | ― | 25.14% |
* Healthcare Sector Average
SE:VICO
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Vicore Pharma Holding AB Corporate Events
Vicore Pharma Publishes Official 2025 Annual Report in ESEF Format
Mar 26, 2026
Vicore Pharma Holding AB has published its 2025 annual report, which compiles a broad overview of the company’s operations, scientific progress, sustainability work, intellectual property, and shareholder information. The document also inclu...
Vicore Pharma Targets Investor Visibility With Back-to-Back Healthcare Conferences
Mar 9, 2026
Vicore Pharma Holding AB will showcase its clinical-stage portfolio of angiotensin II type 2 receptor agonists at two upcoming healthcare investor conferences in Stockholm and New York, underscoring growing capital-market interest in novel treatme...
Vicore Pharma Strengthens Executive Ranks as Buloxibutid Nears Key Milestones
Mar 5, 2026
Vicore Pharma, a clinical-stage biopharma group specializing in angiotensin II type 2 receptor agonists for respiratory and fibrotic diseases, is advancing its lead IPF candidate buloxibutid through a global Phase 2b ASPIRE study and preparing its...
Vicore Pharma Publishes Comprehensive Year-End 2025 Report
Feb 27, 2026
Vicore Pharma Holding AB has released its year-end report for January to December 2025, outlining its financial performance, development pipeline, and sustainability efforts. The report structure highlights CEO commentary, detailed financial infor...
Vicore Pharma Ramps Up Investor Outreach With Series of March Conferences
Feb 26, 2026
Vicore Pharma announced that its senior leadership will engage investors at several upcoming healthcare conferences in the U.S. and Sweden in early March, including events hosted by TD Cowen, Leerink Partners, Jefferies, and Sweden Life Science Da...
Vicore Pharma to Spotlight IPF Program at Oppenheimer Healthcare Conference
Feb 18, 2026
Vicore Pharma will participate in the virtual Oppenheimer 36th Annual Healthcare Life Sciences Conference on February 25, where CEO Ahmed Mousa and VP of IR and Communications Megan Richards will deliver a company presentation and hold one-on-one ...
Vicore Pharma to Showcase IPF Program at J.P. Morgan Healthcare Conference
Jan 7, 2026
Vicore Pharma announced that its senior leadership team will present and hold one-on-one meetings at the 44th Annual J.P. Morgan Healthcare Conference in San Francisco on January 15, 2026, with the session also accessible via webcast. Participatio...
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.