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MODERNA INC (MRNA) Stock Fundamental Analysis

NASDAQ:MRNA - Nasdaq - US60770K1079 - Common Stock - Currency: USD

26.89  +1.23 (+4.79%)

After market: 26.94 +0.05 (+0.19%)

Fundamental Rating

3

MRNA gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 550 industry peers in the Biotechnology industry. While MRNA seems to be doing ok healthwise, there are quite some concerns on its profitability. MRNA is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year MRNA has reported negative net income.
In the past year MRNA has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: MRNA reported negative net income in multiple years.
In multiple years MRNA reported negative operating cash flow during the last 5 years.
MRNA Yearly Net Income VS EBIT VS OCF VS FCFMRNA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

1.2 Ratios

The Return On Assets of MRNA (-24.17%) is better than 74.36% of its industry peers.
The Return On Equity of MRNA (-30.89%) is better than 76.00% of its industry peers.
Industry RankSector Rank
ROA -24.17%
ROE -30.89%
ROIC N/A
ROA(3y)-6.14%
ROA(5y)4.17%
ROE(3y)-7.66%
ROE(5y)6.83%
ROIC(3y)N/A
ROIC(5y)N/A
MRNA Yearly ROA, ROE, ROICMRNA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

1.3 Margins

MRNA has a Gross Margin of 68.32%. This is amongst the best in the industry. MRNA outperforms 81.45% of its industry peers.
In the last couple of years the Gross Margin of MRNA has declined.
MRNA does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 68.32%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.55%
GM growth 5YN/A
MRNA Yearly Profit, Operating, Gross MarginsMRNA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200 -400 -600 -800

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5

2. Health

2.1 Basic Checks

MRNA does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MRNA has been increased compared to 1 year ago.
The number of shares outstanding for MRNA has been increased compared to 5 years ago.
The debt/assets ratio for MRNA has been reduced compared to a year ago.
MRNA Yearly Shares OutstandingMRNA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
MRNA Yearly Total Debt VS Total AssetsMRNA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

MRNA has an Altman-Z score of 3.19. This indicates that MRNA is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MRNA (3.19) is better than 73.27% of its industry peers.
MRNA has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
MRNA has a Debt to Equity ratio of 0.00. This is comparable to the rest of the industry: MRNA outperforms 45.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 3.19
ROIC/WACCN/A
WACC9.8%
MRNA Yearly LT Debt VS Equity VS FCFMRNA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 3.93 indicates that MRNA has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.93, MRNA is in line with its industry, outperforming 46.18% of the companies in the same industry.
MRNA has a Quick Ratio of 3.77. This indicates that MRNA is financially healthy and has no problem in meeting its short term obligations.
With a Quick ratio value of 3.77, MRNA perfoms like the industry average, outperforming 46.55% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.93
Quick Ratio 3.77
MRNA Yearly Current Assets VS Current LiabilitesMRNA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

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5

3. Growth

3.1 Past

MRNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.04%, which is quite impressive.
Looking at the last year, MRNA shows a very negative growth in Revenue. The Revenue has decreased by -39.05% in the last year.
MRNA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 122.01% yearly.
EPS 1Y (TTM)51.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%36.04%
Revenue 1Y (TTM)-39.05%
Revenue growth 3Y-44.04%
Revenue growth 5Y122.01%
Sales Q2Q%-41.08%

3.2 Future

The Earnings Per Share is expected to grow by 18.65% on average over the next years. This is quite good.
The Revenue is expected to grow by 17.50% on average over the next years. This is quite good.
EPS Next Y-11.41%
EPS Next 2Y7.59%
EPS Next 3Y13.38%
EPS Next 5Y18.65%
Revenue Next Year-35.36%
Revenue Next 2Y-15.66%
Revenue Next 3Y-4.73%
Revenue Next 5Y17.5%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
MRNA Yearly Revenue VS EstimatesMRNA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
MRNA Yearly EPS VS EstimatesMRNA Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 10 -10 20

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0

4. Valuation

4.1 Price/Earnings Ratio

MRNA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year MRNA is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
MRNA Price Earnings VS Forward Price EarningsMRNA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MRNA Per share dataMRNA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

A more expensive valuation may be justified as MRNA's earnings are expected to grow with 13.38% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.59%
EPS Next 3Y13.38%

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0

5. Dividend

5.1 Amount

No dividends for MRNA!.
Industry RankSector Rank
Dividend Yield N/A

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MODERNA INC

NASDAQ:MRNA (8/13/2025, 8:24:55 PM)

After market: 26.94 +0.05 (+0.19%)

26.89

+1.23 (+4.79%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)08-01 2025-08-01/bmo
Earnings (Next)11-05 2025-11-05/bmo
Inst Owners73.45%
Inst Owner Change-0.85%
Ins Owners2.56%
Ins Owner Change0.06%
Market Cap10.40B
Analysts56.13
Price Target46.72 (73.74%)
Short Float %18.47%
Short Ratio6.11
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.41%
Min EPS beat(2)21.22%
Max EPS beat(2)29.6%
EPS beat(4)3
Avg EPS beat(4)36.52%
Min EPS beat(4)-6.26%
Max EPS beat(4)101.54%
EPS beat(8)6
Avg EPS beat(8)-7.95%
EPS beat(12)8
Avg EPS beat(12)0.84%
EPS beat(16)11
Avg EPS beat(16)4.98%
Revenue beat(2)1
Avg Revenue beat(2)11.48%
Min Revenue beat(2)-0.3%
Max Revenue beat(2)23.26%
Revenue beat(4)3
Avg Revenue beat(4)17.36%
Min Revenue beat(4)-0.3%
Max Revenue beat(4)46.04%
Revenue beat(8)7
Avg Revenue beat(8)31.8%
Revenue beat(12)9
Avg Revenue beat(12)25.64%
Revenue beat(16)12
Avg Revenue beat(16)20.85%
PT rev (1m)-2.14%
PT rev (3m)0.07%
EPS NQ rev (1m)-7.24%
EPS NQ rev (3m)-16.28%
EPS NY rev (1m)0%
EPS NY rev (3m)0.23%
Revenue NQ rev (1m)-17.08%
Revenue NQ rev (3m)-17.42%
Revenue NY rev (1m)-0.61%
Revenue NY rev (3m)-4.33%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.38
P/FCF N/A
P/OCF N/A
P/B 1.11
P/tB 1.12
EV/EBITDA N/A
EPS(TTM)-7.53
EYN/A
EPS(NY)-7.82
Fwd EYN/A
FCF(TTM)-9.05
FCFYN/A
OCF(TTM)-6.97
OCFYN/A
SpS7.96
BVpS24.3
TBVpS24.04
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -24.17%
ROE -30.89%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 68.32%
FCFM N/A
ROA(3y)-6.14%
ROA(5y)4.17%
ROE(3y)-7.66%
ROE(5y)6.83%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.55%
GM growth 5YN/A
F-Score4
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 386.06%
Cap/Sales 26.09%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.93
Quick Ratio 3.77
Altman-Z 3.19
F-Score4
WACC9.8%
ROIC/WACCN/A
Cap/Depr(3y)261.63%
Cap/Depr(5y)224.68%
Cap/Sales(3y)14.96%
Cap/Sales(5y)10.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)51.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%36.04%
EPS Next Y-11.41%
EPS Next 2Y7.59%
EPS Next 3Y13.38%
EPS Next 5Y18.65%
Revenue 1Y (TTM)-39.05%
Revenue growth 3Y-44.04%
Revenue growth 5Y122.01%
Sales Q2Q%-41.08%
Revenue Next Year-35.36%
Revenue Next 2Y-15.66%
Revenue Next 3Y-4.73%
Revenue Next 5Y17.5%
EBIT growth 1Y35.07%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-1.85%
EBIT Next 3Y15.04%
EBIT Next 5Y18.96%
FCF growth 1Y-364.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1093.36%
OCF growth 3YN/A
OCF growth 5YN/A