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ZELLUNA ASA (ZLNA.OL) Stock Fundamental Analysis

OSL:ZLNA - Euronext Oslo - NO0013524942 - Common Stock - Currency: NOK

13.012  -0.66 (-4.81%)

Fundamental Rating

2

Overall ZLNA gets a fundamental rating of 2 out of 10. We evaluated ZLNA against 73 industry peers in the Biotechnology industry. ZLNA scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. ZLNA is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

ZLNA had negative earnings in the past year.
ZLNA had a negative operating cash flow in the past year.
In the past 5 years ZLNA always reported negative net income.
ZLNA had a negative operating cash flow in each of the past 5 years.
ZLNA.OL Yearly Net Income VS EBIT VS OCF VS FCFZLNA.OL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -50M -100M -150M -200M

1.2 Ratios

With a Return On Assets value of -121.94%, ZLNA is not doing good in the industry: 76.71% of the companies in the same industry are doing better.
The Return On Equity of ZLNA (-162.76%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -121.94%
ROE -162.76%
ROIC N/A
ROA(3y)-86.89%
ROA(5y)-61.71%
ROE(3y)-116.09%
ROE(5y)-80.15%
ROIC(3y)N/A
ROIC(5y)N/A
ZLNA.OL Yearly ROA, ROE, ROICZLNA.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -50 -100 -150 -200

1.3 Margins

ZLNA does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ZLNA.OL Yearly Profit, Operating, Gross MarginsZLNA.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -50 -100 -150 -200 -250

6

2. Health

2.1 Basic Checks

ZLNA has about the same amout of shares outstanding than it did 1 year ago.
ZLNA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ZLNA has a worse debt to assets ratio.
ZLNA.OL Yearly Shares OutstandingZLNA.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M
ZLNA.OL Yearly Total Debt VS Total AssetsZLNA.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

ZLNA has an Altman-Z score of 1.43. This is a bad value and indicates that ZLNA is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ZLNA (1.43) is comparable to the rest of the industry.
There is no outstanding debt for ZLNA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 1.43
ROIC/WACCN/A
WACCN/A
ZLNA.OL Yearly LT Debt VS Equity VS FCFZLNA.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

A Current Ratio of 3.55 indicates that ZLNA has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.55, ZLNA is doing good in the industry, outperforming 71.23% of the companies in the same industry.
A Quick Ratio of 3.55 indicates that ZLNA has no problem at all paying its short term obligations.
The Quick ratio of ZLNA (3.55) is better than 71.23% of its industry peers.
Industry RankSector Rank
Current Ratio 3.55
Quick Ratio 3.55
ZLNA.OL Yearly Current Assets VS Current LiabilitesZLNA.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

1

3. Growth

3.1 Past

ZLNA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.34%.
EPS 1Y (TTM)-7.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.65%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

ZLNA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.22% yearly.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y87.94%
EPS Next 2Y35.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ZLNA.OL Yearly Revenue VS EstimatesZLNA.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2M 4M 6M 8M
ZLNA.OL Yearly EPS VS EstimatesZLNA.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 -20 -40 -60

1

4. Valuation

4.1 Price/Earnings Ratio

ZLNA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for ZLNA. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
ZLNA.OL Price Earnings VS Forward Price EarningsZLNA.OL 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
ZLNA.OL Per share dataZLNA.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -20 -40

4.3 Compensation for Growth

ZLNA's earnings are expected to grow with 35.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y35.22%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

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

ZELLUNA ASA

OSL:ZLNA (6/19/2025, 7:00:00 PM)

13.012

-0.66 (-4.81%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)05-08 2025-05-08
Earnings (Next)08-20 2025-08-20
Inst Owners16.41%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap263.23M
Analysts42.22
Price Target25.5 (95.97%)
Short Float %N/A
Short RatioN/A
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)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-56.52%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-147.6%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)-100%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 2.07
P/tB 2.29
EV/EBITDA N/A
EPS(TTM)-55.48
EYN/A
EPS(NY)-7.47
Fwd EYN/A
FCF(TTM)-7.59
FCFYN/A
OCF(TTM)-7.57
OCFYN/A
SpS0
BVpS6.28
TBVpS5.68
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -121.94%
ROE -162.76%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-86.89%
ROA(5y)-61.71%
ROE(3y)-116.09%
ROE(5y)-80.15%
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 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 12.33%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.55
Quick Ratio 3.55
Altman-Z 1.43
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)2.96%
Cap/Depr(5y)41.24%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.65%
EPS Next Y87.94%
EPS Next 2Y35.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y21.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year32.28%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y3.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.73%
OCF growth 3YN/A
OCF growth 5YN/A