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Nuevolution (NUEV)

Business description

Nuevolution is a Copenhagen-based biopharmaceutical company. Its patent protected Chemetics drug discovery platform enables the selection of drugs to an array of tough-to-drug disease targets. To date it has entered into 17 agreements with major pharmaceutical companies.

Stock data

Market cap.SEK792.4m
Last closeSEK16.00
High / Low (52 weeks)SEK20.1 / SEK14.1
Stock market listingOMX
Forecast net cash (SEKm)95.9
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual1.70.5(5.3)
Relative *3.29.50.1

* % Relative to local index

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Investment summary

Nuevolution’s drug discovery platform (Chemetics) continues to receive external validation, with Amgen opting in for another oncology programme from its multi-target collaboration. Transitioning assets to the clinic will be a defining moment for Nuevolution, and the RORγt inhibitor programme (out-licensed to Almirall in psoriatic arthritis and skin conditions) remains on course to potentially enter the clinic in 2019. Nuevolution’s internal programmes continue to progress well and new early-stage programmes addressing important inflammation and oncology targets have now been announced (TYK2 and RIPK1). We value Nuevolution at SEK19.7/share.

Last updated on 10/12/2018

Y/E Dec Revenue (SEKm) EBITDA (SEKm) PBT (SEKm) EPS (öre) P/E (x) P/CF (x)
2016A 21.3 N/A (151.9) (4.0) N/A N/A
2017A 120.3 N/A (9.4) (0.6) N/A N/A
2018E 11.5 N/A (109.0) (2.2) N/A N/A
2019E 196.4 N/A 75.3 1.0 1600.0 11.8

Last updated on 10/12/2018

Latest video

Bitesize briefing - Nuevolution

Industry outlook

Significant promise is seen in DNA-encoded libraries due to the potential to rapidly develop small molecule drugs to ‘tough-to-drug’ targets. We continue to see major investment in the space from an array of companies, notably GSK, Roche and Novartis.

Last updated on 29/11/2018

Key management

Alex Gouliaev, CEO
Johnny Stilou, CFO
Thomas Franch, Chief Scientific Officer
Ton Berkien, Chief Business Officer

Company address

Ronnegade 8
Copenhagen
2100
Denmark
+45 7020 0987
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