MRNA Fundamental Analysis - MODERNA INC

Fundamental Rating

Taking everything into account, MRNA scores 3 out of 10 in our fundamental rating. MRNA was compared to 534 industry peers in the Biotechnology industry. While MRNA seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, MRNA is valued expensive at the moment.

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1. Profitability

1.1 Basic Checks

In the past year MRNA has reported negative net income.

MRNA had a negative operating cash flow in the past year.

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.

1.2 Ratios

With a decent Return On Assets value of -25.68%, MRNA is doing good in the industry, outperforming 71.72% of the companies in the same industry.

MRNA has a Return On Equity of -33.40%. This is in the better half of the industry: MRNA outperforms 74.72% of its industry peers.

		Industry Rank	Sector Rank
ROA	-25.68%
ROE	-33.4%
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

1.3 Margins

MRNA has a better Gross Margin (63.49%) than 79.21% of its industry peers.

MRNA's Gross Margin has declined in the last couple of years.

MRNA does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	63.49%

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

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

MRNA does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, MRNA has more shares outstanding

The number of shares outstanding for MRNA has been increased compared to 5 years ago.

MRNA has a better debt/assets ratio than last year.

2.2 Solvency

MRNA has an Altman-Z score of 2.88. This is not the best score and indicates that MRNA is in the grey zone with still only limited risk for bankruptcy at the moment.

With a decent Altman-Z score value of 2.88, MRNA is doing good in the industry, outperforming 68.16% of the companies in the same industry.

MRNA has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.

MRNA's Debt to Equity ratio of 0.00 is in line compared to the rest of the industry. MRNA outperforms 48.13% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Altman-Z	2.88

ROIC/WACCN/A

WACC8.61%

2.3 Liquidity

MRNA has a Current Ratio of 3.93. This indicates that MRNA is financially healthy and has no problem in meeting its short term obligations.

MRNA's Current ratio of 3.93 is in line compared to the rest of the industry. MRNA outperforms 47.57% of its industry peers.

A Quick Ratio of 3.73 indicates that MRNA has no problem at all paying its short term obligations.

MRNA has a Quick ratio (3.73) which is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Current Ratio	3.93
Quick Ratio	3.73

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

MRNA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.66%.

MRNA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -56.07%.

MRNA shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 122.01% yearly.

EPS 1Y (TTM)-38.66%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-1800%

Revenue 1Y (TTM)-56.07%

Revenue growth 3Y-44.04%

Revenue growth 5Y122.01%

Sales Q2Q%-45.44%

3.2 Future

MRNA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.53% yearly.

The Revenue is expected to grow by 11.90% on average over the next years. This is quite good.

EPS Next Y-7.31%

EPS Next 2Y7.12%

EPS Next 3Y12.73%

EPS Next 5Y16.53%

Revenue Next Year-41%

Revenue Next 2Y-19.3%

Revenue Next 3Y-7.47%

Revenue Next 5Y11.9%

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.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for MRNA. In the last year negative earnings were reported.

Also next year MRNA is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

MRNA's earnings are expected to grow with 12.73% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y7.12%

EPS Next 3Y12.73%

More info and screens

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5. Dividend

5.1 Amount

No dividends for MRNA!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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MODERNA INC

NASDAQ:MRNA (12/4/2025, 8:00:00 PM)

Premarket: 25.67 +0.18 (+0.71%)

25.49

+0.31 (+1.23%)

Chartmill FA Rating

GICS SectorHealth Care

GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences

GICS IndustryBiotechnology

Earnings (Last)11-06 2025-11-06/bmo

Earnings (Next)02-12 2026-02-12/amc

Inst Owners74.95%

Inst Owner Change-4.67%

Ins Owners2.55%

Ins Owner Change0.01%

Market Cap9.96B

Revenue(TTM)2.23B

Net Income(TTM)-3.12B

Analysts55.33

Price Target41.54 (62.97%)

Short Float %17.76%

Short Ratio6.03

Dividend

		Industry Rank	Sector 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)52.94%

Min EPS beat(2)29.6%

Max EPS beat(2)76.27%

EPS beat(4)3

Avg EPS beat(4)30.21%

Min EPS beat(4)-6.26%

Max EPS beat(4)76.27%

EPS beat(8)7

Avg EPS beat(8)49.68%

EPS beat(12)9

Avg EPS beat(12)9.25%

EPS beat(16)12

Avg EPS beat(16)10.78%

Revenue beat(2)2

Avg Revenue beat(2)17.81%

Min Revenue beat(2)12.36%

Max Revenue beat(2)23.26%

Revenue beat(4)3

Avg Revenue beat(4)8.94%

Min Revenue beat(4)-0.3%

Max Revenue beat(4)23.26%

Revenue beat(8)7

Avg Revenue beat(8)29.87%

Revenue beat(12)10

Avg Revenue beat(12)27.21%

Revenue beat(16)13

Avg Revenue beat(16)22.97%

PT rev (1m)-12.32%

PT rev (3m)-12.67%

EPS NQ rev (1m)6.25%

EPS NQ rev (3m)8.27%

EPS NY rev (1m)-0.25%

EPS NY rev (3m)0.19%

Revenue NQ rev (1m)-14.43%

Revenue NQ rev (3m)-11.52%

Revenue NY rev (1m)0.21%

Revenue NY rev (3m)-1.53%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	4.46
P/FCF	N/A
P/OCF	N/A
P/B	1.07
P/tB	1.08
EV/EBITDA	N/A

EPS(TTM)-8.07

EYN/A

EPS(NY)-7.91

Fwd EYN/A

FCF(TTM)-6.82

FCFYN/A

OCF(TTM)-5.06

OCFYN/A

SpS5.71

BVpS23.88

TBVpS23.63

PEG (NY)N/A

PEG (5Y)N/A

Graham NumberN/A

Profitability

		Industry Rank	Sector Rank
ROA	-25.68%
ROE	-33.4%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	N/A
GM	63.49%
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

ROICexgc growth 3YN/A

ROICexgc 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-Score2

Asset Turnover0.18

Health

		Industry Rank	Sector Rank
Debt/Equity	0
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	329.33%
Cap/Sales	30.69%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	3.93
Quick Ratio	3.73
Altman-Z	2.88

F-Score2

WACC8.61%

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)-38.66%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-1800%

EPS Next Y-7.31%

EPS Next 2Y7.12%

EPS Next 3Y12.73%

EPS Next 5Y16.53%

Revenue 1Y (TTM)-56.07%

Revenue growth 3Y-44.04%

Revenue growth 5Y122.01%

Sales Q2Q%-45.44%

Revenue Next Year-41%

Revenue Next 2Y-19.3%

Revenue Next 3Y-7.47%

Revenue Next 5Y11.9%

EBIT growth 1Y-46.28%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next Year-0.33%

EBIT Next 3Y14.92%

EBIT Next 5Y17.94%

FCF growth 1Y-0.23%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y4.81%

OCF growth 3YN/A

OCF growth 5YN/A

MODERNA INC / MRNA FAQ

What is the fundamental rating for MRNA stock?

ChartMill assigns a fundamental rating of 3 / 10 to MRNA.

What is the valuation status of MODERNA INC (MRNA) stock?

ChartMill assigns a valuation rating of 0 / 10 to MODERNA INC (MRNA). This can be considered as Overvalued.

How profitable is MODERNA INC (MRNA) stock?

MODERNA INC (MRNA) has a profitability rating of 2 / 10.

Can you provide the expected EPS growth for MRNA stock?

The Earnings per Share (EPS) of MODERNA INC (MRNA) is expected to decline by -7.31% in the next year.

MODERNA INC (MRNA) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

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MODERNA INC / MRNA FAQ

What is the fundamental rating for MRNA stock?

What is the valuation status of MODERNA INC (MRNA) stock?

How profitable is MODERNA INC (MRNA) stock?

Can you provide the expected EPS growth for MRNA stock?