ACIU

AC Immune S.A.

Fundamental data last updated:May 15, 2026

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company profile

SECTOR

Healthcare

industry

Biotechnology

Exchange

NASDAQ

County of HQ

CH

Next Earnings Date

08/04/2026

Business Summary

AC Immune SA, a clinical stage biopharmaceutical company, discovers, designs, and develops medicines and diagnostic products for the prevention and treatment of neurodegenerative diseases associated with protein misfolding. Its SupraAntigen and Morphomer platforms are designed to generate vaccines, antibodies, and small molecules, which selectively interact with misfolded proteins that are common in a range of neurodegenerative diseases. The company is developing Crenezumab, a humanized, conformation-specific monoclonal antibody, which is in Phase II clinical prevention trial for the treatment of Alzheimer's disease (AD). It is also developing ACI-24, an anti-Abeta vaccine candidate that is in Phase II clinical study for AD, as well as completed Phase Ib clinical study for Down syndrome; ACI-35, an anti-Tau vaccine candidate that has completed Phase Ib clinical study; and Tau- positron emission tomography (PET) imaging tracer, which is in Phase II clinical study. In addition, the company is researching and developing small molecule Tau aggregation inhibitors for AD and NeuroOrphan indications. Further, it has discovery and preclinical stage molecules targeting range of neurodegenerative diseases, which include diagnostics targeting TDP-43, alpha-synuclein, and NLRP3. AC Immune SA has license agreements and collaborations with Genentech, Inc.; Biogen International GmbH; Janssen Pharmaceuticals, Inc.; Life Molecular Imaging SA; Eli Lilly and Company; and WuXi Biologics. The company was incorporated in 2003 and is headquartered in Lausanne, Switzerland.

 


VALUATION

P/E

-4.15

Market Cap ($M USD)

$283.44M

Forward P/E

6.91

PEG

0.04

PRICE TO SALES

59.90

PRICE TO BOOK

6.82

EV / EBITDA

-3.21

5-Year Average P/E

Free Cash Flow Yield

-31.61%

DCF Value

$-0.05

Graham Number

N/A

Price to FCF

-3.16

EV to FCF

-2.95

Earnings Yield

-30.80%

FCF Yield

-31.61%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$0.67

Next Year EPS Growth Estimate

$0.40

Next Year Revenue Growth Estimate

$11.85B

Return on Equity (ROE)

-123.98%

FREE CASH FLOW

Operating Margin

-1749.00%

Debt-to-Equity

0.10

Piotroski F-Score

1

Altman Z-Score

-5.00

Return on Invested Capital (ROIC)

-143.33%

Current Ratio

0.87

Quick Ratio

0.87

Net Debt to EBITDA

0.23

Interest Coverage

-413.25

Gross Profit margin

100.00%

FCF PER SHARE

$-0.71

REVENUE PER SHARE

$0.04

Gainseekers Quantitative Analysis

Summary

AC Immune S.A. presents a perplexing valuation puzzle. Despite a forward P/E of 7.10 suggesting potential growth, the market seems to have mispriced the stock relative to its negative DCF value. The Altman Z-score of -5.00 signals significant financial distress, raising red flags about its long-term viability. With an earnings yield of -30.14%, the company is hemorrhaging value rather than creating it. This is a high-risk play, with the market seemingly ignoring the glaring red flags in its financial health.

AI Exposure / Tech Reliance

Operating within the biotechnology sector, AC Immune S.A. is poised to leverage AI advancements in drug discovery and personalized medicine. The company’s focus on cutting-edge research aligns well with modern tech shifts, potentially enhancing its R&D efficiency. However, execution remains key in this rapidly evolving landscape.

The Bull Case

For the bold investor, AC Immune S.A. offers a speculative opportunity. The forward PEG ratio of 0.04 is tantalizingly low, indicating potential undervaluation relative to growth expectations. Despite a dismal Piotroski F-Score of 1, the company’s low debt-to-equity ratio of 0.10 suggests a manageable debt load. If management can capitalize on its projected sales growth of over 11.8 billion percent, the upside could be substantial.

The Bear Case

Yet, the bear case is hard to ignore. The company’s price-to-sales ratio of 61.21 and price-to-book ratio of 6.97 are alarmingly high, indicating a stock priced for perfection without the fundamentals to back it up. With a return on equity of -123.98% and an operating margin of -1749%, the financials paint a picture of inefficiency and poor capital management. The stock’s proximity to its 52-week high further suggests it may be technically overextended.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$7.00

Institutional Ownership %

1-Year Beta

1.63

Insider Buying % (6 Mo)

Distance to 52-Week High

43.63%

Distance to 52-Week Low

45.42%

EARNINGS SURPRISE %

5.00%

50-DAY SMA

$2.96

200-DAY SMA

$2.92

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.