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Vicore Pharma Holding AB (publ) (VICO.ST)

SEK11.60 -0.16 (-1.36%)
SE STO Healthcare Biotechnology
Address Kronhusgatan 11 411 05
Stockholm, SE
CEO Ahmed S. Mousa
IPO 2015-12-10
ISIN SE0007577895

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Description

Vicore Pharma Holding AB (publ), a Gothenburg, Sweden-based company, specializes in the discovery and advancement of therapies for rare lung conditions. Its core pipeline features VP01, an orally administered small molecule currently in Phase II clinical trials for indications such as interstitial lung diseases, idiopathic pulmonary fibrosis (IPF), systemic sclerosis, and COVID-19. The company is also progressing VP02, a novel formulation and delivery approach for an established immunomodulatory compound, which is in preclinical development for treating IPF. Vicore maintains strategic alliances, including a development cooperation with Emeriti Bio AB, a licensing arrangement with Nanologica AB (publ), and a collaboration with Alex Therapeutics AB focused on creating and clinically validating a digital therapeutic (DTx) built on the Alex DTx platform. Established in 2000, the company was formerly known as Mintage Scientific AB.

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
SEK11.60 -0.16 (-1.36%)
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Volume Profile
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Liquidity & share structure
Average Volume
601.3K
Beta
0.18
Float Shares
182.05M
Free Float %
76.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.18% +7.02% +13.03% +6.02% +8.67% +2.73% +39.78% -52.68% -49.26% +82.52% +86.45%
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
11.60
DCF (Unlevered) 2.44 -79.0%
DCF (Levered) 2.44 -79.0%

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 5 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
18.82
Safe zone
Piotroski F-Score
1 / 9
Weak
MOAT Score
1 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    -96.5% Q1'26: -32.5% (vs Q1'25)
  • EPS growth Biotechnology: +29.7%
    -165.3% Q1'26: +18.8% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
    -2,314.0% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Biotechnology: +0.0%
    -11,905.8% Q1'26: -20,515.8% (vs Q1'25)
  • ROIC Biotechnology: -16.1%
    Q1'26: +716.6% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +6.5% Q1'26: +20.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.14) × ERP
WACC = 100% × Ke + 0% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.44 Current price: 11.60
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 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
3 EPS Ana.
Dec 2027
7 Rev. Ana.
6 EPS Ana.
Dec 2028
4 Rev. Ana.
3 EPS Ana.
Dec 2029
3 Rev. Ana.
1 EPS Ana.
Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
852.0K
est: 704.0K (+21.0%)
932.0K
est: 1.20M (-22.3%)
508.0K
est: 3.31M (-84.6%)
est: 22.0K (-100.0%)
est: 27.60M (-100.0%)
est: 104.24M (-100.0%)
109.35M
est: 103.74M (+5.4%)
3.82M
est: 2.63M (+44.9%)
6.93M
6.93M – 6.93M
+163.2% YoY
31.68M
31.68M – 31.68M
+357.0% YoY
102.94M
102.94M – 102.94M
+225.0% YoY
3.82M
3.82M – 3.82M
-96.3% YoY
3.82M
3.82M – 3.82M
+0.0% YoY
EBITDA
-6.65M
est: 422.4K (-1,673.4%)
-23.81M
est: 720.0K (-3,407.5%)
-38.25M
est: 1.98M (-2,027.0%)
-92.51M
est: 13.2K (-700,956.1%)
-286.20M
est: 16.56M (-1,828.4%)
-317.47M
est: 20.85M (-1,622.7%)
-166.64M
est: 20.75M (-903.2%)
-454.45M
est: 526.7K (-86,387.1%)
1.39M
1.39M – 1.39M
+163.2% YoY
6.34M
6.34M – 6.34M
+357.0% YoY
20.59M
20.59M – 20.59M
+225.0% YoY
763.4K
763.4K – 763.4K
-96.3% YoY
763.4K
763.4K – 763.4K
+0.0% YoY
EBIT
-6.65M
est: 422.4K (-1,674.8%)
-24.17M
est: 720.0K (-3,456.8%)
-21.33M
est: 1.98M (-1,174.6%)
-93.92M
est: 13.2K (-711,637.9%)
-288.80M
est: 16.56M (-1,844.1%)
-320.89M
est: 20.85M (-1,639.1%)
-168.88M
est: 20.75M (-914.0%)
-454.45M
est: 526.7K (-86,387.1%)
1.39M
1.39M – 1.39M
+163.2% YoY
6.34M
6.34M – 6.34M
+357.0% YoY
20.59M
20.59M – 20.59M
+225.0% YoY
763.4K
763.4K – 763.4K
-96.3% YoY
763.4K
763.4K – 763.4K
+0.0% YoY
Net Income
-6.65M
est: -88.52M (+92.5%)
-12.86M
est: -97.18M (+86.8%)
-21.68M
est: -30.69M (+29.4%)
-93.08M
est: -452.59M (+79.4%)
-288.42M
est: -819.77M (+64.8%)
-310.94M
est: -432.02M (+28.0%)
-168.63M
est: -195.74M (+13.8%)
-477.47M
est: -428.62M (-11.4%)
-422.10M
-466.72M – -377.49M
+1.5% YoY
-411.80M
-462.15M – -185.60M
+2.4% YoY
-327.44M
-410.20M – -244.68M
+20.5% YoY
-394.61M
-394.61M – -394.61M
-20.5% YoY
-405.40M
-405.40M – -405.40M
-2.7% YoY
SGA
5.01M
est: 628.2K (+696.9%)
5.43M
est: 1.07M (+407.2%)
8.62M
est: 2.95M (+192.2%)
26.88M
est: 19.6K (+136,814.8%)
37.53M
est: 24.62M (+52.4%)
44.60M
est: 443.11M (-89.9%)
50.44M
est: 440.96M (-88.6%)
67.91M
est: 11.19M (+506.7%)
29.46M
29.46M – 29.46M
+163.2% YoY
134.65M
134.65M – 134.65M
+357.0% YoY
437.57M
437.57M – 437.57M
+225.0% YoY
16.23M
16.23M – 16.23M
-96.3% YoY
16.23M
16.23M – 16.23M
+0.0% YoY
EPS
-0.47
est: -0.39 (-19.6%)
-0.76
est: -0.43 (-76.2%)
-0.95
est: -0.14 (-597.4%)
-2.16
est: -2.01 (-7.5%)
-3.99
est: -3.64 (-9.7%)
-3.22
est: -1.80 (-78.8%)
-0.75
est: -0.82 (+8.1%)
-1.99
est: -1.79 (-11.4%)
-1.81
-1.95 – -1.57
-1.4% YoY
-1.40
-1.93 – -0.77
+23.0% YoY
-1.34
-1.71 – -1.02
+4.2% YoY
-1.65
-1.65 – -1.65
-23.1% YoY
-1.69
-1.69 – -1.69
-2.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-06 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-05 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-05-04 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-30 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-29 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-28 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-27 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-24 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-192.98M
OE per share TTM
-0.82
Owner's Yield
-6.50%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
0.4%

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 Held by 3 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR Portfolio Europe ETF SPEU 0.00% 20.4K 0.07%
2 Avantis International Small Cap Equity ETF AVDS 0.00% 6.5K 0.30%
3 State Street SPDR Portfolio Developed World ex-US ETF SPDW 0.00% 298.7K 0.03%

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
EBIT / Employee
-137.7K
Shares Outstanding
238.56M

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
Ahmed S. Mousa Chief Executive Officer 8M male
Anne-Katrine Cohrt Head of Clinical Operations female
Bertil Lindmark Chief Medical Officer
Hans Jeppsson Chief Financial Officer male
Helen Barker Chief Technology Officer female
Jimmie Hofman Chief Business Officer male
Johan Raud Chief Scientific Officer
Johanna Grans Head of Non-Clinical Development female
Lene Eskildsen Head of Quality Assurance female
Megan Richards Vice President of Investor Relations, Communications & Portfolio Strategy female
Mikael Nygård Chief Operating Officer male
Nina Carlen Chief Administrative Officer female
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