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Mendus AB (publ) (IMMU.ST)

SEK6.18 +0.00 (+0.00%)
SE STO Healthcare Biotechnology
Address Västra Trädgårdsgatan 15 111 53
Stockholm, SE
CEO Erik Manting
Website mendus.com
IPO 2013-04-22
ISIN SE0022239950

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Description

Mendus AB (publ), a biopharmaceutical entity formerly known as Immunicum AB (publ) until its name change in June 2022, specializes in developing immunotherapies and vaccines designed to prevent cancer recurrence. Its primary investigational compound, ilixadencel, is currently progressing through a Phase II MERECA clinical study for kidney cancer, alongside Phase I/II trials targeting liver cancer and gastrointestinal stromal tumors. Additionally, the company is advancing DCP-001, which is undergoing Phase II ADVANCE-II clinical research for acute myeloid leukemia and Phase I/II ALISON trials for ovarian cancers. Mendus maintains research partnerships with PCI Biotech Holding ASA to explore novel cancer vaccination approaches and with the Icahn School of Medicine at Mount Sinai. Founded in 2002, Mendus AB is headquartered in Stockholm, Sweden.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK6.18 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
35.1K
Beta
0.74
Float Shares
45.38M
Free Float %
89.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.48% +31.14% +12.83% +24.07% -4.47% +3.64% +20.56% -77.00% -94.43% -98.79% -16.71%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6.18
DCF (Unlevered) 0.52 -91.5%
DCF (Levered) 0.60 -90.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.06
Distress
Piotroski F-Score
1 / 9
Weak
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    Q1'26: -100.0% (vs Q1'25)
  • EPS growth Biotechnology: +29.7%
    +17.8% Q1'26: +44.3% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
  • EBIT margin Biotechnology: +0.0%
  • ROIC Biotechnology: -16.1%
    -21.7% Q1'26: -20.6% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +7.3% Q1'26: +23.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    -0.28× Q1'26: -0.19× (vs Q1'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.71) × ERP
WACC = 90% × Ke + 10% × Kd (9.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.52 Current price: 6.18
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2017
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
2 EPS Ana.
Dec 2027
1 Rev. Ana.
3 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
est: 67.3K (-100.0%)
3.00M
est: 1.07M (+180.8%)
28.49M
est: 31.60M (-9.8%)
est: 4.08M (-100.0%)
est: 6.00M (-100.0%)
2.50M
2.21M – 2.79M
-58.3% YoY
47.40M
46.92M – 47.88M
+1,796.0% YoY
114.00M
112.85M – 115.15M
+140.5% YoY
EBITDA
-80.63M
est: -13.5K (-599,052.9%)
-128.67M
est: -213.3K (-60,215.6%)
-97.85M
est: -6.32M (-1,448.3%)
-120.66M
est: -815.0K (-14,705.0%)
-120.26M
est: -1.20M (-9,921.3%)
-500.0K
-558.7K – -441.3K
+58.3% YoY
-9.48M
-9.58M – -9.38M
-1,796.0% YoY
-22.80M
-23.03M – -22.57M
-140.5% YoY
EBIT
-80.06M
est: -13.5K (-594,862.9%)
-133.52M
est: -213.3K (-62,488.1%)
-101.22M
est: -6.32M (-1,501.7%)
-127.18M
est: -815.0K (-15,504.9%)
-120.26M
est: -1.20M (-9,921.3%)
-500.0K
-558.7K – -441.3K
+58.3% YoY
-9.48M
-9.58M – -9.38M
-1,796.0% YoY
-22.80M
-23.03M – -22.57M
-140.5% YoY
Net Income
-80.34M
est: -1.39B (+94.2%)
-136.99M
est: -591.32M (+76.8%)
-101.62M
est: -177.89M (+42.9%)
-128.40M
est: -135.70M (+5.4%)
-113.26M
est: -100.21M (-13.0%)
-79.33M
-79.78M – -78.89M
+20.8% YoY
-16.65M
-28.48M – -4.82M
+79.0% YoY
— – —
+100.0% YoY
SGA
61.53M
est: 97.81M (-37.1%)
48.88M
est: 1.55B (-96.8%)
37.05M
est: 45.93B (-99.9%)
34.07M
est: 5.92B (-99.4%)
35.20M
est: 8.72B (-99.6%)
3.63B
3.21B – 4.06B
-58.3% YoY
68.90B
68.20B – 69.60B
+1,796.0% YoY
165.71B
164.03B – 167.39B
+140.5% YoY
EPS
-2.85
est: -28.60 (+90.0%)
-0.63
est: -12.16 (+94.8%)
-4.40
est: -3.41 (-29.1%)
-2.64
est: -2.60 (-1.5%)
-2.17
est: -1.92 (-13.0%)
-1.52
-1.53 – -1.51
+20.8% YoY
-0.26
-0.55 – -0.09
+82.9% YoY
— – —
+100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-13 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-12 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-11 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-08 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-07 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-06 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-05 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-05-04 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-04-30 B- 2/5 3/5 1/5 1/5 3/5 1/5 5/5
2026-04-29 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-24 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-23 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-22 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-21 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-20 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-17 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5
2026-04-16 C+ 2/5 3/5 1/5 1/5 2/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-97.52M
OE per share TTM
-1.80
Owner's Yield
-26.54%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
282.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
Shares Outstanding
50.75M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Erik Manting Chief Executive Officer
Lotta Ferm Chief Financial Officer female
Tariq Mughal Chief Medical & Scientific Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits