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Evaxion Biotech A/S (EVAX) 10-Year Financial Performance & Capital Metrics

EVAX • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsImmuno-Oncology
AboutEvaxion Biotech A/S, a clinical-stage biotech company, engages in developing artificial intelligence-powered immunotherapies for cancers, bacterial diseases, and viral infections. The company develops EVX-01, a cancer immunotherapy that is in clinical Phase IIb trial for metastatic melanoma; EVX-02, a DNA-based cancer immunotherapy that is in Phase IIa trial for adjuvant melanoma; and EVX-03, a DNA-based immunotherapy for the treatment of various cancers. Its programs also include EVX-B1, EVX-B2, and EVX-V1, which are vaccines that are in pre-clinical stage for the treatment of bacterial and viral diseases. The company was incorporated in 2008 and is headquartered in Hørsholm, Denmark.Show more
  • Revenue $3M +4480.8%
  • EBITDA -$14M +34.6%
  • Net Income -$11M +52.2%
  • EPS (Diluted) -9.80 +69.8%
  • Gross Margin 100%
  • EBITDA Margin -422.4% +98.6%
  • Operating Margin -440.55% +98.6%
  • Net Margin -316% +99.0%
  • ROE -
  • ROIC -558.74% +0.5%
  • Debt/Equity -
  • Interest Coverage -15.31 +38.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 93 (top 7%)
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 57.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM132.2%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM52.7%

EPS CAGR

10Y-
5Y-
3Y-
TTM64.53%

ROCE

10Y Avg-352.71%
5Y Avg-162.41%
3Y Avg-163.16%
Latest-211.64%

Peer Comparison

Immuno-Oncology
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IMTXImmatics N.V.1.33B9.9270.86188.6%-136.72%-27.81%0.03
CTMXCytomX Therapeutics, Inc.720.1M4.2511.1836.45%24.66%26.09%
IOVAIovance Biotherapeutics, Inc.881.27M2.22-1.73136.99%-158.78%-56.62%0.08
REPLReplimune Group, Inc.572.64M7.30-2.38-117.82%0.18
NKTRNektar Therapeutics719.28M35.36-4.079.22%-192.87%-141.9%1.69
IMNMImmunome, Inc.2.52B22.85-4.57-35.5%-23.01%-84.4%0.03
IBRXImmunityBio, Inc.3.89B3.95-6.3722.71%-422.28%
NRIXNurix Therapeutics, Inc.1.91B18.86-6.55-29.15%-292.5%-65.76%0.05

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0000073K3.34M
Revenue Growth %------44.81%
Cost of Goods Sold+73.93K80.98K00000
COGS % of Revenue-------
Gross Profit+-73.93K-80.98K00073K3.34M
Gross Margin %-----1%1%
Gross Profit Growth %--0.1%1%---44.81%
Operating Expenses+5.63M11.28M16.57M25.83M25.26M22.27M18.08M
OpEx % of Revenue-----305.07%5.41%
Selling, General & Admin1.88M2.63M5.67M6.18M8.06M10.08M7.32M
SG&A % of Revenue-----138.07%2.19%
Research & Development3.73M8.65M11.7M19.58M17.06M11.92M10.46M
R&D % of Revenue-----163.23%3.13%
Other Operating Expenses15K0-800K71K144K275K302K
Operating Income+-5.63M-11.36M-16.57M-25.83M-25.26M-22.2M-14.73M
Operating Margin %------304.07%-4.41%
Operating Income Growth %--1.02%-0.46%-0.56%0.02%0.12%0.34%
EBITDA+-5.55M-11.28M-16.46M-25.49M-24.69M-21.58M-14.13M
EBITDA Margin %------295.64%-4.22%
EBITDA Growth %--1.03%-0.46%-0.55%0.03%0.13%0.35%
D&A (Non-Cash Add-back)73.93K80.98K105K344K571K615K607K
EBIT-6.25M-11.98M-16.57M-24.55M-23.14M-22.02M-10.39M
Net Interest Income+-696K-1.21M-7K1.12M1.32M-743K-708K
Interest Income2K9K216K2.04M2.83M154K254K
Interest Expense698K1.22M223K915K1.51M897K962K
Other Income/Expense-636.93K-656.87K-7K1.12M1.32M-718K3.38M
Pretax Income+-6.27M-12.02M-16.57M-24.71M-23.94M-22.91M-11.36M
Pretax Margin %------313.9%-3.4%
Income Tax+-735K-824.84K-1.56M-178K-772K-790K-788K
Effective Tax Rate %0.88%0.93%0.91%0.99%0.97%0.97%0.93%
Net Income+-5.54M-11.19M-15.02M-24.53M-23.17M-22.13M-10.57M
Net Margin %------303.08%-3.16%
Net Income Growth %--1.02%-0.34%-0.63%0.06%0.05%0.52%
Net Income (Continuing)-5.53M-11.19M-15.02M-24.53M-23.17M-22.13M-10.57M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-11.52-27.60-37.00-50.40-39.20-32.40-9.80
EPS Growth %--1.4%-0.34%-0.36%0.22%0.17%0.7%
EPS (Basic)-11.52-27.60-37.00-50.40-39.20-32.40-9.80
Diluted Shares Outstanding479.97K404.97K404.97K487.33K590.97K683.39K1.07M
Basic Shares Outstanding479.97K404.97K404.97K487.33K590.97K683.39K1.07M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+8.38M10.96M10.95M34.7M16.98M8.35M8.77M
Cash & Short-Term Investments7.43M9.56M5.83M32.17M13.18M5.58M5.05M
Cash Only7.43M9.56M5.83M32.17M13.18M5.58M5.05M
Short-Term Investments0000000
Accounts Receivable772K000001.86M
Days Sales Outstanding------202.8
Inventory-1.36M000000
Days Inventory Outstanding-------
Other Current Assets0931K3.94M1.9M1.31M1.07M900K
Total Non-Current Assets+130K126K1.01M5.46M5.04M4.54M3.72M
Property, Plant & Equipment130K101K221K5.17M4.67M4.34M3.51M
Fixed Asset Turnover-----0.02x0.95x
Goodwill0000000
Intangible Assets00100K93K000
Long-Term Investments00000044K
Other Non-Current Assets025K694K191K365K196K162K
Total Assets+8.51M11.08M11.96M40.16M22.02M12.89M12.48M
Asset Turnover-----0.01x0.27x
Asset Growth %-0.3%0.08%2.36%-0.45%-0.41%-0.03%
Total Current Liabilities+9.42M1.72M4.93M4.32M3.76M7.08M4.37M
Accounts Payable139K646K3.67M2.85M2.08M2.69M2.97M
Days Payables Outstanding686.282.91K-----
Short-Term Debt8.57M00126K136K159K159K
Deferred Revenue (Current)0000000
Other Current Liabilities440K177K180K46K885K3.02M927K
Current Ratio0.89x6.36x2.22x8.03x4.51x1.18x2.01x
Quick Ratio1.03x6.36x2.22x8.03x4.51x1.18x2.01x
Cash Conversion Cycle-------
Total Non-Current Liabilities+24K003.4M9.96M10.53M9.77M
Long-Term Debt0001.04M7.86M8.49M8.01M
Capital Lease Obligations24K002.21M1.95M1.9M1.62M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities000153K144K149K141K
Total Liabilities9.44M1.72M4.93M7.73M13.72M17.62M14.14M
Total Debt+8.67M36K20K3.69M10.26M10.87M10.1M
Net Debt1.24M-9.52M-5.81M-28.48M-2.93M5.29M5.05M
Debt / Equity-0.00x0.00x0.11x1.24x--
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-8.06x-9.30x-74.30x-28.23x-16.75x-24.75x-15.31x
Total Equity+-931K9.36M7.04M32.44M8.3M-4.73M-1.65M
Equity Growth %-11.06%-0.25%3.61%-0.74%-1.57%0.65%
Book Value per Share-1.9423.1217.3866.5614.05-6.92-1.54
Total Shareholders' Equity-931K9.36M7.04M32.44M8.3M-4.73M-1.65M
Common Stock2.11M2.48M2.65M3.75M3.89M5.9M10.52M
Retained Earnings-6.98M-15.81M-27.28M-50.43M-85.84M-107.97M-118.54M
Treasury Stock0000000
Accumulated OCI3.94M-169K226K-1.32M9.53M9.89M-3.6M
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.99M-7.02M-12.44M-21.93M-25.77M-17.69M-12.94M
Operating CF Margin %------242.34%-3.87%
Operating CF Growth %--2.53%-0.77%-0.76%-0.18%0.31%0.27%
Net Income-5.54M-11.2M-15.02M-24.53M-23.17M-22.13M-10.57M
Depreciation & Amortization74K81K105K344K571K615K607K
Stock-Based Compensation2.07M2.36M3.41M1.38M942K479K357K
Deferred Taxes-735K-825K-2.07M-190K-998K-984K-813K
Other Non-Cash Items1.16M1.99M919K-171K-243K2.76M-3.04M
Working Capital Changes981K573K215K1.24M-2.88M1.56M520K
Change in Receivables443K-337K-2.5M1.86M-1.49M1.11M374K
Change in Inventory446K0001.49M00
Change in Payables79K507K1.8M-647K-599K502K449K
Cash from Investing+6K-68K-393K-1.33M-268K-93K-3K
Capital Expenditures-7K-68K-358K-1.3M-292K-87.13K0
CapEx % of Revenue-----1.19%-
Acquisitions-------
Investments-------
Other Investing13K0-35K-60K-131330
Cash from Financing+9.03M9.51M8.82M49.8M7.85M10.69M13.13M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing0-13K-128K-3.76M02.15M-2.29M
Net Change in Cash-------
Free Cash Flow+-2M-7.09M-12.83M-23.29M-26.07M-17.78M-12.94M
FCF Margin %------243.53%-3.87%
FCF Growth %--2.55%-0.81%-0.82%-0.12%0.32%0.27%
FCF per Share-4.16-17.50-31.68-47.80-44.11-26.01-12.06
FCF Conversion (FCF/Net Income)0.36x0.63x0.83x0.89x1.11x0.80x1.22x
Interest Paid0000000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)--265.52%-183.15%-124.29%-113.74%-1238.11%-
Return on Invested Capital (ROIC)-1388.24%-11916.88%-2337.91%-747.37%-405.96%-561.29%-558.74%
Gross Margin-----100%100%
Net Margin------30308.22%-316%
Debt / Equity-0.00x0.00x0.11x1.24x--
Interest Coverage-8.06x-9.30x-74.30x-28.23x-16.75x-24.75x-15.31x
FCF Conversion0.36x0.63x0.83x0.89x1.11x0.80x1.22x
Revenue Growth------4480.82%

Frequently Asked Questions

Growth & Financials

Evaxion Biotech A/S (EVAX) reported $7.7M in revenue for fiscal year 2024.

Evaxion Biotech A/S (EVAX) grew revenue by 4480.8% over the past year. This is strong growth.

Evaxion Biotech A/S (EVAX) reported a net loss of $5.4M for fiscal year 2024.

Dividend & Returns

Evaxion Biotech A/S (EVAX) had negative free cash flow of $12.9M in fiscal year 2024, likely due to heavy capital investments.

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