EVAX Chart
About

Evaxion A/S, a clinical-stage biotech company, develops artificial intelligence-powered immunology vaccines. The company develops EVX-01, which is in phase 2 global multi-center clinical trial for the treatment of advanced melanoma; EVX-03, DNA-based cancer vaccine for the treatment of solid tumors; and EVX-04, a therapeutic cancer vaccine candidate, which is in phase 1 trial for acute myeloid leukemia. Its programs also include vaccines that are in pre-clinical stage, which includes EVX-B1, a multi-component prophylactic vaccine targeting skin and soft tissue infections with S. aureus bacteria; EVX-B2 to target multi-component prophylactic vaccine against gonorrhea bacteria; EVX-B3 to target bacterial pathogen associated with repeated infections; and EVX-V1, a multi-component prophylactic vaccine candidate for cytomegalovirus. The company was formerly known as Evaxion Biotech A/S and changed its name to Evaxion A/S in May 2025. Evaxion A/S was incorporated in 2008 and is based in Horsholm, Denmark.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 32.15M
Enterprise Value 1.58B Income -7.71M Sales 7.53M
Book/sh 2.04 Cash/sh 0.06 Dividend Yield
Payout 0.00% Employees 46 IPO
P/E Forward P/E 96.38 PEG
P/S 4.27 P/B 1.89 P/C
EV/EBITDA -178.23 EV/Sales 210.07 Quick Ratio 5.71
Current Ratio 5.85 Debt/Eq 44.04 LT Debt/Eq
EPS (ttm) -1.00 EPS next Y 0.04 EPS Growth
Revenue Growth -100.00% Earnings 2026-03-05 09:00 ROA -28.23%
ROE -100.17% ROIC Gross Margin 100.00%
Oper. Margin -122.66% Profit Margin -102.38% Shs Outstand 8.34M
Shs Float 283.97M Short Float 0.77% Short Ratio 1.02
Short Interest 52W High 12.15 52W Low 1.20
Beta 0.32 Avg Volume 62.94K Volume 3.60K
Target Price $11.25 Recom Strong_buy Prev Close $3.83
Price $3.85 Change 0.65%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.25
Mean price target
2. Current target
$3.78
Latest analyst target
3. DCF / Fair value
$-9.60
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.78
Low
$9.00
High
$16.00
Mean
$11.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-10 init Jones Trading — → Buy $10
2026-03-09 main Lake Street Buy → Buy $9
2026-03-09 reit HC Wainwright & Co. Buy → Buy $16
2025-10-30 init Edward Jones — → Buy $10
2025-10-20 main Lake Street Buy → Buy $11
2025-10-20 reit HC Wainwright & Co. Buy → Buy $16
2025-09-25 main HC Wainwright & Co. Buy → Buy $16
2025-04-02 reit HC Wainwright & Co. Buy → Buy $14
2025-02-20 reit HC Wainwright & Co. Buy → Buy $14
2025-02-04 main Lake Street Buy → Buy $6
2025-02-03 reit HC Wainwright & Co. Buy → Buy $14
2024-11-01 reit HC Wainwright & Co. Buy → Buy $14
2024-09-26 reit HC Wainwright & Co. Buy → Buy $14
2024-09-20 reit HC Wainwright & Co. Buy → Buy $14
2024-08-16 reit HC Wainwright & Co. Buy → Buy $14
2024-08-01 reit HC Wainwright & Co. Buy → Buy $14
2024-06-04 reit HC Wainwright & Co. Buy → Buy $14
2024-04-03 reit HC Wainwright & Co. Buy → Buy $14
2024-04-02 up Ladenburg Thalmann Neutral → Buy $8
2024-03-20 reit HC Wainwright & Co. Buy → Buy $14
Insider Transactions

No recent insider transactions.

Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-144.61K283.49K1.00K84.32K
TaxRateForCalcs0.110.070.040.04
NormalizedEBITDA-5.75M-13.87M-21.43M-24.68M
TotalUnusualItems-1.37M4.08M25.00K2.11M
TotalUnusualItemsExcludingGoodwill-1.37M4.08M25.00K2.11M
NetIncomeFromContinuingOperationNetMinorityInterest-7.71M-10.57M-22.12M-23.17M
ReconciledDepreciation615.00K607.00K615.00K571.00K
EBITDA-7.12M-9.79M-21.40M-22.57M
EBIT-7.74M-10.39M-22.02M-23.14M
NetInterestIncome1.99M-708.00K-743.00K-785.00K
InterestExpense876.00K962.00K897.00K798.00K
InterestIncome299.00K254.00K154.00K13.00K
NormalizedIncome-6.48M-14.37M-22.15M-25.19M
NetIncomeFromContinuingAndDiscontinuedOperation-7.71M-10.57M-22.12M-23.17M
TotalExpenses16.76M18.08M22.27M25.26M
TotalOperatingIncomeAsReported-9.23M-14.73M-22.20M-25.26M
DilutedAverageShares1.07M546.72K472.77K389.86K
BasicAverageShares1.07M546.72K472.77K389.86K
DilutedEPS-10.00-40.50-49.00-63.00
BasicEPS-10.00-40.50-49.00-63.00
DilutedNIAvailtoComStockholders-7.71M-10.57M-22.12M-23.17M
NetIncomeCommonStockholders-7.71M-10.57M-22.12M-23.17M
NetIncome-7.71M-10.57M-22.12M-23.17M
NetIncomeIncludingNoncontrollingInterests-7.71M-10.57M-22.12M-23.17M
NetIncomeContinuousOperations-7.71M-10.57M-22.12M-23.17M
TaxProvision-908.00K-788.00K-790.00K-772.00K
PretaxIncome-8.62M-11.36M-22.91M-23.94M
OtherIncomeExpense-1.37M4.08M25.00K2.11M
GainOnSaleOfSecurity-1.37M4.08M25.00K2.11M
NetNonOperatingInterestIncomeExpense1.99M-708.00K-743.00K-785.00K
TotalOtherFinanceCost-2.57M
InterestExpenseNonOperating876.00K962.00K897.00K798.00K
InterestIncomeNonOperating299.00K254.00K154.00K13.00K
OperatingIncome-9.23M-14.73M-22.20M-25.26M
OperatingExpense16.76M18.08M22.27M25.26M
DepreciationAmortizationDepletionIncomeStatement301.00K302.00K275.00K144.00K
DepreciationAndAmortizationInIncomeStatement301.00K302.00K275.00K144.00K
DepreciationIncomeStatement301.00K302.00K275.00K144.00K
ResearchAndDevelopment9.97M10.46M11.92M17.06M
SellingGeneralAndAdministration6.49M7.32M10.08M8.06M
GeneralAndAdministrativeExpense6.49M7.32M10.08M8.06M
OtherGandA3.81M4.73M6.95M5.90M
SalariesAndWages2.67M2.59M3.13M2.17M
TotalRevenue7.53M3.34M73.00K0.00
OperatingRevenue7.53M3.34M73.00K0.00
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber417.01M70.13M37.90M24.14M
ShareIssued417.01M70.13M37.90M24.14M
NetDebt2.21M4.46M
TotalDebt7.50M10.10M10.87M10.26M
TangibleBookValue17.04M-1.65M-4.73M8.30M
InvestedCapital22.58M6.51M3.92M16.30M
WorkingCapital20.64M4.40M1.27M13.22M
NetTangibleAssets17.04M-1.65M-4.73M8.30M
CapitalLeaseObligations1.97M1.93M2.22M2.25M
CommonStockEquity17.04M-1.65M-4.73M8.30M
TotalCapitalization22.39M6.36M3.76M16.17M
TotalEquityGrossMinorityInterest17.04M-1.65M-4.73M8.30M
StockholdersEquity17.04M-1.65M-4.73M8.30M
OtherEquityInterest9.99M14.02M13.66M13.19M
GainsLossesNotAffectingRetainedEarnings-3.23M-3.60M-3.77M-3.65M
OtherEquityAdjustments79.11M
ForeignCurrencyTranslationAdjustments-3.23M-3.60M-3.77M-3.65M
RetainedEarnings-126.24M-118.54M-107.97M-85.84M
AdditionalPaidInCapital120.73M95.94M87.45M80.73M
CapitalStock15.79M10.52M5.90M3.89M
CommonStock15.79M10.52M5.90M3.89M
TotalLiabilitiesNetMinorityInterest11.37M14.14M17.62M13.72M
TotalNonCurrentLiabilitiesNetMinorityInterest7.11M9.77M10.53M9.96M
OtherNonCurrentLiabilities10.00K
LongTermDebtAndCapitalLeaseObligation6.95M9.63M10.38M9.82M
LongTermCapitalLeaseObligation1.61M1.62M1.90M1.95M
LongTermDebt5.35M8.01M8.49M7.86M
LongTermProvisions158.00K141.00K149.00K144.00K
CurrentLiabilities4.26M4.37M7.08M3.76M
OtherCurrentLiabilities416.00K67.00K3.02M885.00K
CurrentDebtAndCapitalLeaseObligation550.00K473.00K485.00K439.00K
CurrentCapitalLeaseObligation360.00K314.00K326.00K303.00K
CurrentDebt190.00K159.00K159.00K136.00K
OtherCurrentBorrowings190.00K159.00K159.00K136.00K
PensionandOtherPostRetirementBenefitPlansCurrent1.10M860.00K894.00K353.00K
PayablesAndAccruedExpenses2.19M2.97M2.69M2.08M
Payables2.19M2.97M2.69M2.08M
OtherPayable312.00K46.00K
AccountsPayable2.19M2.97M2.69M2.08M
TotalAssets28.41M12.48M12.89M22.02M
TotalNonCurrentAssets3.51M3.72M4.54M5.04M
NonCurrentPrepaidAssets185.00K162.00K167.00K156.00K
NonCurrentDeferredAssets0.00
NonCurrentDeferredTaxesAssets0.00
NonCurrentAccountsReceivable44.00K29.00K209.00K
GoodwillAndOtherIntangibleAssets0.0093.00K
NetPPE3.32M3.51M4.34M4.67M
AccumulatedDepreciation-2.20M-1.53M-1.17M-721.00K
GrossPPE5.52M5.05M5.51M5.40M
Leases1.13M1.16M1.39M1.44M
OtherProperties4.39M3.89M4.12M3.96M
Properties0.000.000.000.00
CurrentAssets24.90M8.77M8.35M16.98M
CurrentDeferredAssets0.00
RestrictedCash900.00K1.40M
PrepaidAssets616.00K955.00K1.69M2.49M
Receivables1.05M1.86M1.07M1.31M
OtherReceivables102.00K117.00K231.00K676.00K
TaxesReceivable1.05M1.76M958.00K1.08M
CashCashEquivalentsAndShortTermInvestments23.23M5.95M4.18M13.18M
CashAndCashEquivalents23.23M5.95M4.18M13.18M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-6.64M-12.94M-17.78M-26.07M
RepaymentOfDebt-751.00K-1.14M-697.00K-424.00K
IssuanceOfDebt0.000.0065.00K7.85M
IssuanceOfCapitalStock23.16M14.21M11.32M428.00K
CapitalExpenditure-11.00K-87.00K-292.00K-1.36M
EndCashPosition23.23M5.95M5.58M13.18M
BeginningCashPosition5.95M5.58M13.18M32.17M
EffectOfExchangeRateChanges1.51M183.00K-508.00K-793.00K
ChangesInCash15.77M186.00K-7.09M-18.19M
FinancingCashFlow22.41M13.13M10.69M7.85M
CashFlowFromContinuingFinancingActivities22.41M13.13M10.69M7.85M
NetOtherFinancingCharges59.00K-432.00K-3.76M
ProceedsFromStockOptionExercised0.002.59M0.000.00
NetCommonStockIssuance23.16M14.21M11.32M428.00K
CommonStockIssuance23.16M14.21M11.32M428.00K
NetIssuancePaymentsOfDebt-751.00K-1.14M-632.00K7.42M
NetLongTermDebtIssuance-751.00K-1.14M-632.00K7.42M
LongTermDebtPayments-751.00K-1.14M-697.00K-424.00K
LongTermDebtIssuance0.000.0065.00K7.85M
InvestingCashFlow-14.00K-3.00K-93.00K-268.00K
CashFlowFromContinuingInvestingActivities-14.00K-3.00K-93.00K-268.00K
NetInvestmentPurchaseAndSale-3.00K-3.00K-6.00K24.00K
SaleOfInvestment24.00K30.00K
PurchaseOfInvestment-3.00K-3.00K-6.00K
NetIntangiblesPurchaseAndSale0.000.000.00-60.00K
PurchaseOfIntangibles0.000.000.00-60.00K
NetPPEPurchaseAndSale-11.00K0.00-87.00K-292.00K
SaleOfPPE24.00K30.00K
PurchaseOfPPE-11.00K0.00-87.00K-292.00K
OperatingCashFlow-6.62M-12.94M-17.69M-25.77M
CashFlowFromContinuingOperatingActivities-6.62M-12.94M-17.69M-25.77M
TaxesRefundPaid1.63M0.001.60M754.00K
InterestReceivedCFO299.00K254.00K154.00K13.00K
InterestPaidCFO-107.00K-56.00K-65.00K-172.00K
ChangeInWorkingCapital-137.00K520.00K1.56M-2.88M
ChangeInOtherWorkingCapital-185.00K13.00K-261.00K
ChangeInPayablesAndAccruedExpense-536.00K-62.00K762.00K-1.39M
ChangeInPayable-536.00K-62.00K762.00K-1.39M
ChangeInAccountPayable-536.00K-62.00K762.00K-599.00K
ChangeInPrepaidAssets406.00K736.00K802.00K
ChangeInReceivables178.00K-167.00K259.00K-1.49M
OtherNonCashItems-619.00K-3.24M1.08M-530.00K
StockBasedCompensation307.00K357.00K479.00K942.00K
AssetImpairmentCharge0.000.0087.00K0.00
DeferredTax-908.00K-813.00K-984.00K-998.00K
DeferredIncomeTax-908.00K-813.00K-984.00K-998.00K
DepreciationAmortizationDepletion615.00K607.00K615.00K571.00K
DepreciationAndAmortization615.00K607.00K615.00K571.00K
Depreciation615.00K607.00K615.00K571.00K
OperatingGainsLosses-3.88M-282.00K-395.00K
GainLossOnInvestmentSecurities-3.88M-282.00K-395.00K
NetIncomeFromContinuingOperations-7.71M-10.57M-22.12M-23.17M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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