Dynavax Technologies Corp

Health Care
Biotechnology: Pharmaceutical Preparations
www.dynavax.com

Earnings Score
Moat Score

Market Cap $1.68B
PE 82
Debt $NaN
Cash $119.61M
EV $NaN
FCF $22.67M

Earnings

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Sales & Net Margins

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Earnings	$20.48M
EBIT	$24.22M
ROE	3%
ROA	2%
FCF	$22.67M
Equity	$681.43M
Growth Stability	-7%
PE	82.24
PEG	-2.19
PB	2.47
P/FCF	74.28
P/S	6.46
Price/Cash	0.07
Net Margins	10%
Gross Margins	83%
Op. Margins	9%
Earnings CAGR	-2%
Sales Growth YoY	16%
Sales Growth QoQ	9%
Sales CAGR	105%
FCF CAGR	-2%
Equity CAGR	19%
Earnings Stability	0.01
Earnings Growth YoY	23%

Earnings Growth QoQ	55%
Earnings CAGR 5Y	-38%
Sales CAGR 5Y	68%
FCF CAGR 5Y	-38%
Equity CAGR 5Y	135%
Earnings CAGR 3Y	-31%
Sales CAGR 3Y	-31%
FCF CAGR 3Y	-52%
Equity CAGR 3Y	39%
Market Cap	$1.68B
Revenue	$260.81M
Assets	$1.06B
Cash	$119.61M
Shares Outstanding	130.75M
Earnings Score	6%
Moat Score	47%
Working Capital	856.21M
Current Ratio	13.23
Gross Profit	$216.09M
Shares Growth 3y	3%
Equity Growth QoQ	6%
Equity Growth YoY	13%

Assets & ROA

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Stockholders Equity & ROE

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Dynavax Technologies Corp is a biopharmaceutical company. The company focuses on leveraging the power of the body's innate and adaptive immune responses through toll-like receptor stimulation. Its current product candidates are being investigated for use in multiple cancer indications as a vaccine for the prevention of hepatitis B. Dynavax operates in the business segment of discovery, development, and commercialization of novel vaccines. Its Toll-like Receptor Immune Modulation Platform technology plays a vital role in innate immunity and subsequent adaptive immunity. The company generates the vast majority of its revenue from the sale of its CpG 1018 product.

SEC Filings

Direct access to Dynavax Technologies Corp (DVAX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Dynavax Technologies Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Dynavax Technologies Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -2%

Stability 1%

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Dynavax Technologies Corp Discounted Cash Flow

Fully customizable DCF calculator online for Dynavax Technologies Corp.

Years

Calculation mode

= $194M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$23M	$22M	$22M	$21M	$21M	$20M	$20M	$19M	$19M	$18M	$18M	$179M
DCF		$20M	$18M	$16M	$14M	$13M	$11M	$9.9M	$8.8M	$7.8M	$6.9M	$69M
Value	$194M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-822%	-3K%	-1K%	-29K%	-2K%	-443%	-162%	16%	41%	-3%	10%
ROA	-	-49%	-101%	-44%	-71%	-48%	-19%	13%	30%	-0%	2%
ROE	-	-57%	-126%	-48%	-252%	-2K%	-128%	32%	50%	-1%	3%

Net Margins (9.87%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-0.74	-1.24	-1.87	0	-	-	-
Debt over Equity	0.12	-	-	-	1.6	21.54	3.06	0	-	-	-
Growth Stability	-	-	-	-	-	-	-	-	-	-7%	-7%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-7%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-63%	173%	-97%	2K%	330%	32%	844%	64%	-68%	68%
Earnings YoY growth	-	18%	5%	-15%	67%	-2%	-52%	-196%	306%	-102%	-38%
Equity YoY growth	-	86%	-52%	124%	-68%	-87%	608%	279%	161%	7%	135%
FCF YoY growth	-	32%	15%	-32%	73%	6%	-33%	-438%	-83%	74%	-38%