ALVO

Alvotech

Fundamental data last updated:July 22, 2026

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company profile

SECTOR

Healthcare

industry

Drug Manufacturers - Specialty & Generic

Exchange

NASDAQ

County of HQ

IS

Next Earnings Date

08/12/2026

Business Summary

Alvotech, through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide. It offers biosimilar products in the therapeutic areas of autoimmune, eye, and bone disorders, as well as cancer. The company's lead program is AVT02, a high concentration formulation biosimilar to Humira to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT04, a biosimilar to Stelara to treat various inflammatory conditions comprising psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT06, a biosimilar to Eylea to treat various conditions, such as age-related macular degeneration, macular edema, and diabetic retinopathy; and AVT03, a biosimilar to Xgeva and Prolia, which is in the pre-clinical phase to treat prevent bone fracture, spinal cord compression, and the need for radiation or bone surgery in patients with certain types of cancer, as well as prevent bone loss and increase bone mass. It also offers AVT05, a biosimilar to Simponi and Simponi Aria, which is in early phase development to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, ulcerative colitis, and other indications; AVT16, a biosimilar to an immunology product; AVT23, a biosimilar to Xolair, which is in late-stage development to treat nasal polyps; and AVT33, a biosimilar to an oncology product. The company was founded in 2013 and is headquartered in Reykjavik, Iceland.

 


VALUATION

P/E

-14.03

Market Cap ($M USD)

$1.07B

Forward P/E

2.07

PEG

0.00

PRICE TO SALES

1.91

PRICE TO BOOK

-4.01

EV / EBITDA

-62.96

5-Year Average P/E

Free Cash Flow Yield

-16.02%

DCF Value

$-346.31

Graham Number

N/A

Price to FCF

-6.24

EV to FCF

-14.37

Earnings Yield

-7.13%

FCF Yield

-16.02%

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

-$0.24

Next Year EPS Growth Estimate

$1.66

Next Year Revenue Growth Estimate

$146.30B

Return on Equity (ROE)

35.22%

FREE CASH FLOW

Operating Margin

13.80%

Debt-to-Equity

-5.09

Piotroski F-Score

2

Altman Z-Score

-1.53

Return on Invested Capital (ROIC)

6.65%

Current Ratio

1.76

Quick Ratio

0.88

Net Debt to EBITDA

-35.61

Interest Coverage

0.50

Gross Profit margin

61.35%

FCF PER SHARE

$-0.52

REVENUE PER SHARE

$1.69

Gainseekers Quantitative Analysis

Summary

ALVO’s valuation presents a paradox. Despite a Forward P/E of just 1.95, suggesting potential undervaluation, the Altman Z-score of -1.14 signals distress. The Earnings Yield at 3.07% is modest, but the DCF Value is shockingly negative, indicating severe market mispricing. The market cap suggests a substantial presence, yet the negative Price/Book ratio raises red flags about asset valuation. This stock is a high-risk, high-reward gamble, teetering on the edge of financial instability.

AI Exposure / Tech Reliance

Operating within the healthcare sector, ALVO is strategically positioned to leverage AI advancements in drug manufacturing. The industry's shift towards precision medicine and automation could enhance efficiency and innovation. However, the company's ability to integrate these technologies will be crucial for maintaining competitiveness.

The Bull Case

For the bullish investor, ALVO's ROIC of 6.61% and operating margin of 13.34% highlight its ability to generate returns and maintain pricing power. The Piotroski F-Score of 4 indicates moderate financial health, while the impressive sales growth forecast suggests robust future demand. Despite a negative FCF Yield, the company's growth potential and market positioning could attract those seeking undervalued growth opportunities.

The Bear Case

The bear case is compelling, with ALVO's structural weaknesses glaringly apparent. The negative Price to FCF and EV to FCF ratios underscore a troubling cash flow situation. A net debt to EBITDA ratio of 16.33 suggests a precarious debt position, while the Altman Z-score indicates potential bankruptcy risk. The stock's technical position, extended far below its 52-week high, further reflects market skepticism.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$7.50

Institutional Ownership %

1-Year Beta

0.21

Insider Buying % (6 Mo)

Distance to 52-Week High

245.48%

Distance to 52-Week Low

11.66%

EARNINGS SURPRISE %

-28.57%

50-DAY SMA

$3.45

200-DAY SMA

$5.50

⚠️ 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.