CureVac Fails To Meet High Expectations After Initial Hype
December 1, 2023
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CUREVAC ($NASDAQ:CVAC): CureVac N.V, formerly known as CureVac AG, is a biopharmaceutical company based in Tübingen, Germany. The company specializes in the research, development, and commercialization of mRNA-based drug therapies for various diseases. Unfortunately, when it came down to it, CureVac was unable to deliver on its promise. This has caused many to question the company’s ability to develop effective vaccines and has put a damper on its initial hype.
Despite these setbacks, CureVac is still actively pursuing other research projects related to mRNA-based treatments. The company is currently exploring treatments for other diseases, such as cancer, neurodegenerative disorders, and infectious diseases.
Stock Price
CUREVAC N.V failed to meet investor expectations on Thursday, with its stock price opening and closing at $5.4 – up by only 0.4% from the prior closing price. This came as a surprise to investors, who had expected a much higher return after the initial hype surrounding the company. Despite being well-known for its mRNA-based vaccine technology, CUREVAC could not rally the markets and failed to generate the desired returns. This is seen as a sign that CUREVAC may have over-promised and under-delivered, leaving investors feeling disappointed and cautious about future investments. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Curevac N.v. More…
| Total Revenues | Net Income | Net Margin |
| 42.88 | -302.3 | -707.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Curevac N.v. More…
| Operations | Investing | Financing |
| -273.37 | -61.73 | 265.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Curevac N.v. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 842.57 | 240.3 | 2.69 |
Key Ratios Snapshot
Some of the financial key ratios for Curevac N.v are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.8% | – | -687.5% |
| FCF Margin | ROE | ROA |
| -780.8% | -29.4% | -21.9% |
Analysis
GoodWhale has conducted an analysis of CUREVAC N.V‘s fundamentals and has come to the conclusion that they have an intermediate health score of 6/10 considering their cashflows and debt. This score means that CUREVAC N.V will likely be able to safely ride out any crisis without the risk of bankruptcy. We have classified CUREVAC N.V as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. In terms of their investment profile, CUREVAC N.V is strong in asset, medium in growth and weak in dividend, profitability. This type of company may be attractive to investors who are seeking a well-rooted and established company with a sizeable amount of assets but who aren’t looking for a high growth rate or high dividend yield. More…
Peers
The race to develop a coronavirus vaccine is heating up, with CureVac NV joining Moderna Inc, BioNTech SE, and Novavax Inc in the race to create a working vaccine. All four companies are racing to create a vaccine that can be used to protect people from the deadly virus. The competition between the companies is fierce, and each is hoping to be the first to develop a working vaccine.
– Moderna Inc ($NASDAQ:MRNA)
Moderna Inc is a clinical stage biotechnology company that focuses on the discovery, development, and commercialization of therapeutics and vaccines based on messenger RNA (mRNA). As of 2022, Moderna has a market capitalization of $60.86 billion and a return on equity of 55.93%. The company’s mRNA platform has the potential to create medicines for a wide range of diseases and conditions, including cancer, infectious diseases, and rare genetic disorders. Moderna’s most advanced mRNA product candidates are in clinical trials for the treatment of COVID-19, influenza, and RSV.
– BioNTech SE ($NASDAQ:BNTX)
As of 2022, BioNTech SE has a market cap of 37.45B and a Return on Equity of 63.88%. The company is a biotechnology company that develops and manufactures personalised vaccines against cancer and other infectious diseases.
– Novavax Inc ($NASDAQ:NVAX)
Novavax Inc is a clinical-stage vaccine company committed to delivering novel products to prevent a broad range of infectious diseases. The company has a market cap of 1.52B as of 2022 and a ROE of 507.51%. Novavax’s mission is to serve as a global leader in the development, manufacture and commercialization of innovative vaccines to prevent serious and life-threatening infectious diseases.
Summary
Despite its impressive performance in the opening days of its trading, CureVac has failed to meet expectations since then. Investors should be cautious when considering investing in CureVac due to the lack of proven technology, the long timeline of product development, and the need for large investments to bring products to market. Furthermore, the company faces fierce competition from well-established pharmaceutical companies, which further limits its potential upside. It is important for investors to closely monitor the company’s progress in research and development, as well as changes in market sentiment, in order to make an informed decision.
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