BHVN
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Price to Earnings | -4.02 | -7.47 | -1.09 |
| Price to Sales | |||
| Book Value Per Common Share | 4.18 | 5.28 | 7.90 |
| Price to Book | 8.93 | 8.11 | 1.76 |
| Price to Operating Cash Flow | -5.85 | -9.19 | -2.09 |
| Price to Free Cash Flow | -5.81 | -9.10 | -2.04 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | -7.27 | -11.08 | -20.19 | -29.39 | -9.54 | -13.26 | -86.38 | ||
| Price to Sales | |||||||||
| Book Value Per Common Share | 1.27 | 2.54 | 4.18 | 3.33 | 4.16 | 5.28 | 6.92 | 7.90 | 1002160.00 |
| Price to Book | 11.09 | 9.46 | 8.93 | 15.01 | 8.35 | 8.11 | 1.97 | 1.76 | 0.00 |
| Price to Operating Cash Flow | -8.60 | -14.84 | -22.11 | -12.00 | |||||
| Price to Free Cash Flow | -8.59 | -14.80 | -22.10 | -11.89 | |||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Earning YoY | |||
| Revenue YoY | |||
| EBITDA YoY | |||
| Net Profit YoY |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | |||||||||
| Revenue YoY | |||||||||
| EBITDA YoY | |||||||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Cash Per Common Share | 5.33 | 5.36 | 11.19 |
| Quick Ratio | 3.17 | ||
| Current Ratio | 3.49 | 7.98 | 6.52 |
| Debt to Equity | 0.45 | 0.20 | 0.23 |
| Long-Term Debt to Equity | 0.09 | 0.07 | 0.06 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 3.96 | 3.17 | 4.81 | 4.01 | 4.98 | 4.71 | 6.59 | 7.34 | 1.29 |
| Quick Ratio | 3.17 | ||||||||
| Current Ratio | 3.82 | 2.33 | 3.49 | 2.89 | 3.27 | 7.98 | 4.78 | 6.52 | 2.83 |
| Debt to Equity | 3.09 | 0.77 | 0.45 | 0.62 | 0.52 | 0.20 | 0.31 | 0.23 | 0.35 |
| Long-Term Debt to Equity | 2.17 | 0.14 | 0.09 | 0.13 | 0.11 | 0.07 | 0.07 | 0.06 | 0.07 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| ROA | -137.61 | -79.53 | -86.17 |
| ROE | -199.89 | -95.37 | -105.85 |
| Gross Margin | |||
| Operating Margin | |||
| EBITDA Margin | |||
| Net Profit Margin |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| ROA | -36.00 | -48.30 | -30.38 | -31.40 | -54.88 | -11.40 | -50.76 | ||
| ROE | -147.23 | -85.43 | -44.13 | -50.73 | -83.33 | -14.93 | -68.70 | ||
| Gross Margin | |||||||||
| Operating Margin | |||||||||
| EBITDA Margin | |||||||||
| Net Profit Margin |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Dividend Yield | |||
| Dividend Payout Ratio |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | |||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Assets | 615,107.00 | 513,212.00 | 661,783.00 |
| Current Assets | 538,472.00 | 442,446.00 | 586,968.00 |
| Cash and Short-Term Investments | 485,991.00 | 381,819.00 | 500,553.00 |
| Cash and Cash Equivalents | 99,134.00 | 248,402.00 | 240,089.00 |
| Short-Term Investments | 386,857.00 | 133,417.00 | 260,464.00 |
| Net Receivables | 2,597.00 | 0 | 0 |
| Inventory | 0 | 0 | 0 |
| Other Current Assets | 49,884.00 | 60,627.00 | 86,415.00 |
| Non-Current Assets | 76,635.00 | 70,766.00 | 74,815.00 |
| Property, Plant, Equipment Net | 53,711.00 | 48,576.00 | 52,440.00 |
| Goodwill | 1,390.00 | 1,390.00 | 1,390.00 |
| Intangible Assets | 18,400.00 | 18,400.00 | 18,400.00 |
| Long-Term Investments | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 2,400.00 | 2,585.00 |
| Liabilities | 191,671.00 | 85,237.00 | 123,012.00 |
| Current Liabilities | 154,226.00 | 55,423.00 | 90,021.00 |
| Payables and Expenses | 65,714.00 | 55,423.00 | 54,809.00 |
| Account Payables | 18,029.00 | 15,577.00 | 10,703.00 |
| Current Accrued Liabilities | 47,685.00 | 39,846.00 | 44,106.00 |
| Short-Term Debt | 3,802.00 | 3,308.00 | 3,019.00 |
| Other Current Liabilities | 84,710.00 | -3,308.00 | 32,193.00 |
| Non-Current Liabilities | 37,445.00 | 29,814.00 | 32,991.00 |
| Long-Term Debt | 32,782.00 | 27,569.00 | 30,581.00 |
| Other Non-Current Liabilities | 4,663.00 | 2,245.00 | 2,410.00 |
| Equity | 423,436.00 | 427,975.00 | 538,771.00 |
| Shareholders Equity | 423,436.00 | 427,975.00 | 538,771.00 |
| Capital Stock | 1,656,702.00 | 887,528.00 | 615,742.00 |
| Share Premium | 112,369.00 | 39,804.00 | 13,869.00 |
| Retained Earnings | -1,345,714.00 | -499,292.00 | -91,124.00 |
| Treasury Shares | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 79.00 | -65.00 | 284.00 |
| Minority Interest | 0 | 0 | 0 |
| Investments | 0 | 133,417.00 | 260,464.00 |
| Debt | 36,584.00 | 27,569.00 | 30,581.00 |
| Common Shares Outstanding | 101,221.99 | 81,115.72 | 68,190.48 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Interest Expense | 0 | 0.00 | 0.00 |
| Non-Interest Expense | 89,240.00 | 0 | 0 |
| Operating Expenses | 885,111.00 | 436,051.00 | 567,932.00 |
| Selling, General and Administrative Expenses | 89,240.00 | 62,770.00 | 130,860.00 |
| Research and Development Expenses | 795,871.00 | 373,281.00 | 437,072.00 |
| Other Operating Expenses | 0 | 0.00 | 0.00 |
| Operating Income | -885,111.00 | -436,051.00 | -567,932.00 |
| Net Non-Operating Income | 39,424.00 | 26,500.00 | -1,909.00 |
| EBT | -845,687.00 | -409,551.00 | -569,841.00 |
| Income Tax | 735.00 | 1,383.00 | 438.00 |
| Net Income Including Non-Controlling Interests | -846,422.00 | 0 | 0 |
| Net Income | -846,422.00 | -408,168.00 | -570,279.00 |
| EBIT | -885,111.00 | -409,551.00 | -569,841.00 |
| Deprecation and Amortization | 7,855.00 | 6,912.00 | 1,386.00 |
| EBITDA | -877,256.00 | -402,639.00 | -568,455.00 |
| EPS | -0.01 | -0.01 | -0.01 |
| Diluted EPS | -0.01 | -0.01 | -0.01 |
| Average Shares Outstanding Basic | 91,234.34 | 71,200.53 | 44,741.32 |
| Average Shares Outstanding Diluted | 91,234.34 | 71,200.53 | 44,741.32 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| Operating Cash Flow | -582,453.00 | -331,725.00 | -297,689.00 |
| Operating Net Income | -846,422.00 | -408,168.00 | -570,279.00 |
| Deprecation and Amortization | 7,855.00 | 6,912.00 | 1,386.00 |
| Deferred Income Tax | 0 | 0 | 0 |
| Share Based Compensation | 71,963.00 | 28,787.00 | 193,556.00 |
| Change in Working Capital | 16,811.00 | 32,050.00 | -35,408.00 |
| Other Operating Activities | 167,340.00 | 8,694.00 | 113,056.00 |
| Investing Cash Flow | -244,974.00 | 129,830.00 | -304,790.00 |
| Capital Expenditure | 0 | -3,048.00 | -6,074.00 |
| Net Purchase/Sale of PPE | -4,049.00 | -3,048.00 | -6,074.00 |
| Net Purchase/Sale of Investments Net | -241,316.00 | 132,878.00 | -263,716.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 |
| Other Investing Activities | 0 | 3,048.00 | -28,926.00 |
| Financing Cash Flow | 677,774.00 | 211,908.00 | 767,597.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 666,165.00 | 243,225.00 | 283,804.00 |
| Dividends Paid | 0 | 0 | 0 |
| Other Financing Activities | 11,609.00 | -31,317.00 | 483,793.00 |
| Net Change in Cash | -149,653.00 | 9,516.00 | 165,547.00 |
| Cash at Beginning of Period | 252,120.00 | 242,604.00 | 77,057.00 |
| Cash at End of Period | 102,542.00 | 252,120.00 | 242,604.00 |
| Free Cash Flow | -586,502.00 | -334,773.00 | -303,763.00 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Assets | 550,415.00 | 458,946.00 | 615,107.00 | 510,523.00 | 582,641.00 | 513,212.00 | 618,521.00 | 661,783.00 | 135,646.00 |
| Current Assets | 474,827.00 | 382,757.00 | 538,472.00 | 440,500.00 | 511,268.00 | 442,446.00 | 544,476.00 | 586,968.00 | 80,550.00 |
| Cash and Short-Term Investments | 404,980.00 | 322,749.00 | 485,991.00 | 378,816.00 | 436,948.00 | 381,819.00 | 449,577.00 | 500,553.00 | 50,668.00 |
| Cash and Cash Equivalents | 165,797.00 | 98,417.00 | 99,134.00 | 84,390.00 | 239,147.00 | 248,402.00 | 186,579.00 | 240,089.00 | 50,668.00 |
| Short-Term Investments | 239,183.00 | 224,332.00 | 386,857.00 | 294,426.00 | 197,801.00 | 133,417.00 | 262,998.00 | 260,464.00 | 0 |
| Net Receivables | 0 | 0 | 2,597.00 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 60,008.00 | 49,884.00 | 61,684.00 | 74,320.00 | 60,627.00 | 94,899.00 | 86,415.00 | 29,882.00 |
| Non-Current Assets | 75,588.00 | 76,189.00 | 76,635.00 | 70,023.00 | 71,373.00 | 70,766.00 | 74,045.00 | 74,815.00 | 55,096.00 |
| Property, Plant, Equipment Net | 52,835.00 | 53,222.00 | 53,711.00 | 47,185.00 | 48,568.00 | 48,576.00 | 51,526.00 | 52,440.00 | 24,338.00 |
| Goodwill | 1,390.00 | 1,390.00 | 1,390.00 | 1,390.00 | 1,390.00 | 1,390.00 | 1,390.00 | 1,390.00 | 1,390.00 |
| Intangible Assets | 18,400.00 | 18,400.00 | 18,400.00 | 18,400.00 | 18,400.00 | 18,400.00 | 18,400.00 | 18,400.00 | 18,400.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2,963.00 | 3,177.00 | 3,134.00 | 3,048.00 | 3,015.00 | 2,400.00 | 2,729.00 | 2,585.00 | 968.00 |
| Liabilities | 415,828.00 | 199,451.00 | 191,671.00 | 194,517.00 | 198,901.00 | 85,237.00 | 146,263.00 | 123,012.00 | 35,430.00 |
| Current Liabilities | 124,324.00 | 164,034.00 | 154,226.00 | 152,294.00 | 156,207.00 | 55,423.00 | 114,006.00 | 90,021.00 | 28,435.00 |
| Payables and Expenses | 81,549.00 | 75,714.00 | 65,714.00 | 83,264.00 | 74,987.00 | 55,423.00 | 52,458.00 | 54,809.00 | 28,435.00 |
| Account Payables | 19,628.00 | 19,142.00 | 18,029.00 | 19,744.00 | 17,259.00 | 15,577.00 | 14,456.00 | 10,703.00 | 4,731.00 |
| Current Accrued Liabilities | 61,921.00 | 56,572.00 | 47,685.00 | 63,520.00 | 57,728.00 | 39,846.00 | 38,002.00 | 44,106.00 | 23,704.00 |
| Short-Term Debt | 4,696.00 | 4,708.00 | 3,802.00 | 3,676.00 | 3,550.00 | 3,308.00 | 0 | 3,019.00 | 1,134.00 |
| Other Current Liabilities | 38,079.00 | 83,612.00 | 84,710.00 | 65,354.00 | 77,670.00 | -3,308.00 | 61,548.00 | 32,193.00 | -1,134.00 |
| Non-Current Liabilities | 291,504.00 | 35,417.00 | 37,445.00 | 42,223.00 | 42,694.00 | 29,814.00 | 32,257.00 | 32,991.00 | 6,995.00 |
| Long-Term Debt | 286,867.00 | 30,804.00 | 32,782.00 | 25,312.00 | 26,193.00 | 27,569.00 | 29,760.00 | 30,581.00 | 4,070.00 |
| Other Non-Current Liabilities | 4,637.00 | 4,613.00 | 4,663.00 | 16,911.00 | 16,501.00 | 2,245.00 | 2,497.00 | 2,410.00 | 2,925.00 |
| Equity | 134,587.00 | 259,495.00 | 423,436.00 | 316,006.00 | 383,740.00 | 427,975.00 | 472,258.00 | 538,771.00 | 100,216.00 |
| Shareholders Equity | 134,587.00 | 259,495.00 | 423,436.00 | 316,006.00 | 383,740.00 | 427,975.00 | 472,258.00 | 538,771.00 | 100,216.00 |
| Capital Stock | 1,743,109.00 | 1,689,346.00 | 1,656,702.00 | 1,381,699.00 | 1,298,553.00 | 887,528.00 | 616,246.00 | 615,742.00 | 0 |
| Share Premium | 157,019.00 | 137,467.00 | 112,369.00 | 93,038.00 | 83,832.00 | 39,804.00 | 17,462.00 | 13,869.00 | 0 |
| Retained Earnings | -1,765,538.00 | -1,567,391.00 | -1,345,714.00 | -1,158,871.00 | -998,567.00 | -499,292.00 | -161,616.00 | -91,124.00 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -3.00 | 73.00 | 79.00 | 140.00 | -78.00 | -65.00 | 166.00 | 284.00 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 224,332.00 | 0 | 294,426.00 | 197,801.00 | 133,417.00 | 262,998.00 | 260,464.00 | 10,000.00 |
| Debt | 291,563.00 | 30,804.00 | 36,584.00 | 25,312.00 | 26,193.00 | 27,569.00 | 29,760.00 | 30,581.00 | 5,204.00 |
| Net Debt | 91,273.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Shares Outstanding | 105,782.45 | 102,104.02 | 101,221.99 | 94,899.19 | 92,346.33 | 81,115.72 | 68,212.48 | 68,190.48 | 0.10 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-03-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|
| Interest Expense | 0 | 0.00 | 0 | 0.00 | 0.00 | 0.00 | 0.00 |
| Non-Interest Expense | 27,334.00 | 0 | 22,458.00 | 0 | 0 | 0 | 0 |
| Operating Expenses | 211,701.00 | 221,561.00 | 189,931.00 | 178,168.00 | 333,772.00 | 77,782.00 | 67,637.00 |
| Selling, General and Administrative Expenses | 27,334.00 | 33,977.00 | 22,458.00 | 20,561.00 | 18,953.00 | 14,321.00 | 14,792.00 |
| Research and Development Expenses | 184,367.00 | 187,584.00 | 167,473.00 | 157,607.00 | 314,819.00 | 63,461.00 | 52,845.00 |
| Other Operating Expenses | 0 | 0.00 | 0 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -211,701.00 | -221,561.00 | -189,931.00 | -178,168.00 | -333,772.00 | -77,782.00 | -67,637.00 |
| Net Non-Operating Income | 13,815.00 | 493.00 | 3,136.00 | 17,805.00 | 14,178.00 | 8,229.00 | 0.00 |
| EBT | -197,886.00 | -221,068.00 | -186,795.00 | -160,363.00 | -319,594.00 | -69,553.00 | -67,637.00 |
| Income Tax | 261.00 | 609.00 | 48.00 | 59.00 | 177.00 | 939.00 | 1,216.00 |
| Net Income Including Non-Controlling Interests | -198,147.00 | 0 | -186,843.00 | 0 | 0 | 0 | 0 |
| Net Income | -198,147.00 | -221,677.00 | -186,843.00 | -160,304.00 | -319,771.00 | -70,492.00 | -68,853.00 |
| EBIT | -211,701.00 | -221,068.00 | -189,931.00 | -160,363.00 | -319,594.00 | -69,553.00 | -67,637.00 |
| Deprecation and Amortization | 1,978.00 | 2,246.00 | 2,461.00 | 1,000.00 | 977.00 | 1,649.00 | 230.00 |
| EBITDA | -209,723.00 | -218,822.00 | -187,470.00 | -159,363.00 | -318,617.00 | -67,904.00 | -67,407.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 102,372.82 | 101,943.40 | 101,054.90 | 94,372.16 | 87,766.07 | 68,206.88 | 39,368.04 |
| Average Shares Outstanding Diluted | 102,372.82 | 101,943.40 | 101,054.90 | 94,372.16 | 87,766.07 | 68,206.88 | 39,368.04 |
| Breakdown | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-03-31 | 2022-09-30 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -167,936.00 | -165,124.00 | -170,742.00 | 0 | 0 | -77,638.00 | 0 |
| Operating Net Income | -198,147.00 | -221,677.00 | -186,843.00 | -160,304.00 | -319,771.00 | -70,492.00 | -68,853.00 |
| Deprecation and Amortization | 1,978.00 | 2,246.00 | 2,461.00 | 1,000.00 | 977.00 | 1,649.00 | 230.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 20,812.00 | 53,062.00 | 12,694.00 | 12,160.00 | 12,232.00 | 3,765.00 | 16,997.00 |
| Change in Working Capital | 18,558.00 | -7,147.00 | -6,015.00 | 0 | 0 | 3,474.00 | 0 |
| Other Operating Activities | -11,137.00 | 8,392.00 | 6,961.00 | 0 | 0 | -16,034.00 | 0 |
| Investing Cash Flow | -15,546.00 | 164,879.00 | -87,676.00 | 0 | 0 | -1,059.00 | 0 |
| Capital Expenditure | 0 | -461.00 | 0 | 0.00 | 0.00 | -735.00 | 0.00 |
| Net Purchase/Sale of PPE | -233.00 | -461.00 | -49.00 | 0 | 0 | -735.00 | 0 |
| Net Purchase/Sale of Investments Net | -13,484.00 | 165,340.00 | -87,627.00 | 0 | 0 | -324.00 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -1,829.00 | 461.00 | 0.00 | 0 | 0 | 735.00 | 0 |
| Financing Cash Flow | 249,830.00 | 369.00 | 272,853.00 | 0 | 0 | 26,668.00 | 0 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 369.00 | 271,284.00 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0.00 | 1,569.00 | 0 | 0 | 26,668.00 | 0 |
| Net Change in Cash | 66,348.00 | 147.00 | 14,435.00 | 0 | 0 | -52,014.00 | 0 |
| Cash at Beginning of Period | 102,689.00 | 102,542.00 | 88,019.00 | 0 | 0 | 242,604.00 | 0 |
| Cash at End of Period | 168,997.00 | 102,689.00 | 102,542.00 | 0 | 0 | 190,590.00 | 51,418.00 |
| Free Cash Flow | -168,169.00 | -165,585.00 | -170,791.00 | 0 | 0 | -78,373.00 | 0 |