Financials Biohaven Ltd.

Equities

BHVN

VGG1110E1079

Biotechnology & Medical Research

End-of-day quote Nyse 23:00:00 09/05/2024 BST 5-day change 1st Jan Change
35.69 USD -13.71% Intraday chart for Biohaven Ltd. -12.29% -16.61%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 946.1 3,434 3,151 - -
Enterprise Value (EV) 1 480.7 3,052 2,743 2,739 2,674
P/E ratio -1.09 x -7.47 x -5.65 x -6.11 x -8.13 x
Yield - - - - -
Capitalization / Revenue - - 252 x 155 x 19.4 x
EV / Revenue - - 219 x 135 x 16.4 x
EV / EBITDA -0.85 x -7.11 x -6.13 x -5.2 x -6.83 x
EV / FCF -1.58 x -9.12 x -8.58 x -5.03 x -7.29 x
FCF Yield -63.2% -11% -11.7% -19.9% -13.7%
Price to Book 1.15 x 8.11 x 7.78 x 8.92 x 8.2 x
Nbr of stocks (in thousands) 68,161 80,234 88,292 - -
Reference price 2 13.88 42.80 35.69 35.69 35.69
Announcement Date 23/03/23 29/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - - - 12.5 20.36 162.7
EBITDA 1 - -566.5 -429.1 -447.2 -526.8 -391.2
EBIT 1 - -567.9 -436.1 -550.1 -560.8 -473.3
Operating Margin - - - -4,401.03% -2,754.12% -290.94%
Earnings before Tax (EBT) 1 - -569.8 -409.6 -708.4 -552.7 -449.7
Net income 1 -236.4 -570.3 -408.2 -529.4 -550.4 -456.1
Net margin - - - -4,234.81% -2,702.91% -280.41%
EPS 2 -6.940 -12.75 -5.730 -6.319 -5.845 -4.391
Free Cash Flow 1 - -303.8 -334.8 -319.8 -544.6 -366.6
FCF margin - - - -2,558.36% -2,674.48% -225.39%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share 2 - - - - - -
Announcement Date 10/08/22 23/03/23 29/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 - - - - - - - - - 16.67 12.5 12.5
EBITDA 1 - - - - - -151.8 -181.8 -110.7 -111.9 -117 -128.1 -131.2
EBIT 1 -67.64 -213.4 -77.78 -94.01 -110.5 -153.7 -183.2 -174.3 -179.6 -183.5 -136.8 -138.2
Operating Margin - - - - - - - - - -1,100.89% -1,094.39% -1,105.86%
Earnings before Tax (EBT) 1 -67.64 -215.2 -69.55 -88.17 -105.9 -146 -178.9 -171.7 -176.5 -181.3 -134.7 -136.3
Net income 1 -67.64 -201.1 -70.49 -90.35 -102.6 -144.8 -179.5 -162.3 -165.7 -168.5 -133.3 -135.2
Net margin - - - - - - - - - -1,011.27% -1,066.22% -1,081.79%
EPS 2 -1.750 -3.320 -1.030 -1.320 -1.500 -1.810 -2.200 -1.990 -2.015 -2.030 -1.586 -1.572
Dividend per Share 2 - - - - - - - - - - - -
Announcement Date 09/11/22 23/03/23 12/05/23 31/07/23 14/11/23 29/02/24 09/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - -
Net Cash position 1 - 465 382 408 412 477
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - -304 -335 -320 -545 -367
ROE (net income / shareholders' equity) - -199% -78.5% -109% -142% -105%
ROA (Net income/ Total Assets) - -142% -64.6% -72% -70.2% -71.3%
Assets 1 - 401.9 632.1 734.8 783.7 639.7
Book Value Per Share 2 - 12.00 5.280 4.590 4.000 4.350
Cash Flow per Share - - - - - -
Capex 1 - 6.07 3.05 4 8.26 6.41
Capex / Sales - - - 32% 40.59% 3.94%
Announcement Date 10/08/22 23/03/23 29/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
35.69 USD
Average target price
57.67 USD
Spread / Average Target
+61.58%
Consensus
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