Forecast

The analysts' average price target is €15.52 (+85.87%). The median is €15.52 (+85.87%).

Buy	17
Hold	3
Sell	3

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Novavax expands business model: partnerships and Matrix‑M to secure financial runway into the 2030s

At the Citigroup Biopharma Summit, Novavax announced a strategic shift from a pure COVID vaccine maker to a platform company centered on the adjuvant Matrix‑M. Near‑term drivers are partnerships with Sanofi (up to $200 million in milestones) and Pfizer (a $30 million upfront payment, milestone potential up to $500 million plus royalties). Sanofi has begun shipping NUVAXOVID in the U.S.; Novavax emphasizes gradual market share gains over multiple seasons. At the same time, the company is advancing Matrix‑M research in oncology and a C. difficile candidate, keeping R&D spending lean and viewing the partnerships as the basis for extended financial runway. » More on de.investing.com
Novavax makes strategic shift to licensing model with Matrix‑M

Novavax is moving from direct commercialization to a technology-licensing platform and plans to license its saponin-based adjuvant Matrix‑M and nanoparticle protein technology to major pharma partners. The company received $800 million in upfront and milestone payments from Pfizer and Sanofi over the past three years, has identified additional near-term milestones of $200 million, and cut its cost base by 80–90%, extending its financial runway to more than two years. Novavax is targeting non-GAAP profitability in 2028 (requiring revenue > $150 million), sees significant potential for combined COVID‑flu vaccines and expanded oncology applications, and expects multiple upcoming catalysts from partner studies and proof-of-concept data. » More on de.investing.com
Novavax partners receive approvals for XFG-targeted COVID-19 vaccine

Sanofi and Takeda have received approvals in the U.S., the EU and Japan for the Nuvaxovid formulation targeted at the SARS‑CoV‑2 variant XFG for the 2026–2027 vaccination season. The partners will handle distribution in their regions; Novavax will receive license fees and milestone payments tied to approvals without establishing its own sales infrastructure. Nuvaxovid is a protein-based vaccine using recombinant nanoparticle technology, is stored at 2–8 °C, and showed a good tolerability profile in a phase‑4 study. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2012, Novavax has already paid €9.39 in dividends. The last payout was in March 2012.

Financials

In the last quarter, Novavax had revenue of €49.68m and net profit of -€46.78m

(EUR)	June 2026	YoY
Revenue	49.68m	75.52%
Gross profit	37.2m	80.52%
Net profit	-46.78m	151.77%
EBITDA	-34.93m	134.16%

Fundamentals

Metric	Value
Market capitalization	€1.32bn
Number of shares	164.44m
52-week high/low	€10.32 - €5.35
Dividends	No
Beta	2.45
P/E ratio	-6.12
PEG ratio	0.07
P/B ratio	-8.03
P/S ratio	3.70

Company profile

Novavax, Inc. ist ein Biotechnologieunternehmen, das sich auf die Entdeckung, Entwicklung und Vermarktung von Impfstoffen zur Vorbeugung schwerer Infektionskrankheiten und zur Behandlung von Gesundheitsbedürfnissen konzentriert. Zu den Impfstoffkandidaten des Unternehmens gehören NVX-CoV2373, ein Impfstoffkandidat gegen Coronaviren, der sich in zwei Phase-III-Studien, einer Phase-IIb-Studie und einer Phase-I/II-Studie befindet; NanoFlu, ein Nanopartikel-Impfstoffkandidat gegen saisonale vierwertige Grippe, der sich in einer klinischen Phase-3-Studie befindet; und ResVax, ein Impfstoffkandidat gegen das Respiratorische Synzytialvirus (RSV) mit Fusionsprotein-Nanopartikeln. Das Unternehmen entwickelt außerdem einen RSV-F-Impfstoff, der sich in einer klinischen Phase-II-Studie für ältere Erwachsene (60 Jahre und älter) sowie in einer klinischen Phase-I-Studie für die Pädiatrie befindet. Mit Takeda Pharmaceutical Company Limited besteht eine Kooperationsvereinbarung über die Entwicklung, Herstellung und Vermarktung von NVX-CoV2373, einem COVID-19-Impfstoffkandidaten. Novavax, Inc. wurde 1987 gegründet und hat seinen Hauptsitz in Gaithersburg, Maryland.