IMUX

Immunic, Inc.

There isn't enough reported data to score IMUX yet.

NVO

Novo Nordisk A/S

48
Fundamentals55/ 100
Valuation50/ 100
Upside potential58/ 100
Risk potential26/ 100

NVO's fundamentals are mixed: it turned 15% of its revenue into free cash flow, but its operating margin fell 3 points to 43%. Its PE isn't a useful guide right now because of how its recent earnings were reported.

IMUX Fundamentals

MetricStatus
Unavailable
Under pressure
Unavailable
Unavailable

IMUX's profitability is currently under pressure. There isn't enough data to rate its revenue, cash flow and balance sheet.

NVO Fundamentals

MetricStatus
Healthy
Strong
Stable
Healthy

NVO's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.

IMUX PE Valuation

IMUX has no meaningful PE right now: it lost money over the past year.

NVO PE Valuation

CHEAPFAIREXPENSIVE14x28x42x56x
CHEAPFAIREXPENSIVE14x28x42x56x
LevelPEPriceVs current
Current10x$40.65—
Cheap14x$53.56+32%
Fair27x$103+154%
Expensive39x$152+273%

Historical ranges are pointers, not guarantees.

NVO's PE is 10x, but its earnings don't support one, so it isn't a reliable read right now.

IMUX Forward outlook

MetricOutlook
--
Losses shrinking
--
--
Limited
Low

Analysts expect IMUX's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.

NVO Forward outlook

MetricOutlook
--
Stable
Growth
Weakening
Limited
Low

Analysts expect NVO's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.

IMUX Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $7.79 on Nov 12.

There is not enough scenario data to compare IMUX and NVO's risk to reward.

NVO Risk to reward

ScenarioChangePrice
Upside+36%$55.48
Downside-26%$29.89

Calculated from the latest close: $40.65 on Nov 12.

There is not enough scenario data to compare IMUX and NVO's risk to reward.

IMUX Earnings Per Share

Q3 2023: $-32.60Q4 2023: $-21.10Q1 2024: $-18.30Q2 2024: $-15.00Q3 2024: $-12.30Q4 2024: $-10.00Q1 2025: $-9.50Q2 2025: $-9.40Q3 2025: $-8.30Q4 2025: $-6.20Q1 2026: $-4.78Q2 2026: $-3.58
Q3 2023: $-32.60Q4 2023: $-21.10Q1 2024: $-18.30Q2 2024: $-15.00Q3 2024: $-12.30Q4 2024: $-10.00Q1 2025: $-9.50Q2 2025: $-9.40Q3 2025: $-8.30Q4 2025: $-6.20Q1 2026: $-4.78Q2 2026: $-3.58
QuarterTTM EPSYoY
Q2 2026-$3.58+$5.82
Q1 2026-$4.78+$4.72
Q4 2025-$6.20+$3.80
Q3 2025-$8.30+$4.00
Q2 2025-$9.40+$5.60
Q1 2025-$9.50+$8.80
Q4 2024-$10.00+$11.10
Q3 2024-$12.30+$20.30

IMUX is still losing money, but far less than before: $3.58 per share over the past year, against $135.40 at its worst in late 2019.

NVO Earnings Per Share

Q3 2023: $2.48Q4 2023: $2.77Q1 2024: $2.96Q2 2024: $2.98Q3 2024: $3.15Q4 2024: $3.36Q1 2025: $3.49Q2 2025: $3.71Q3 2025: $3.47Q4 2025: $3.42Q1 2026: $4.07Q2 2026: $3.89
Q3 2023: $2.48Q4 2023: $2.77Q1 2024: $2.96Q2 2024: $2.98Q3 2024: $3.15Q4 2024: $3.36Q1 2025: $3.49Q2 2025: $3.71Q3 2025: $3.47Q4 2025: $3.42Q1 2026: $4.07Q2 2026: $3.89
QuarterTTM EPSYoY
Q2 2026$3.89+4.9%
Q1 2026$4.07+17%
Q4 2025$3.42+1.8%
Q3 2025$3.47+10%
Q2 2025$3.71+24%
Q1 2025$3.49+18%
Q4 2024$3.36+21%
Q3 2024$3.15+27%

NVO has the edge over IMUX on earnings quality, reporting a profit while its opponent remains loss making.

IMUX Quarterly Revenue

Q3 2023: --Q4 2023: --Q1 2024: --Q2 2024: --Q3 2024: --Q4 2024: --Q1 2025: --Q2 2025: --Q3 2025: --Q4 2025: --Q1 2026: --Q2 2026: --
Q3 2023: --Q4 2023: --Q1 2024: --Q2 2024: --Q3 2024: --Q4 2024: --Q1 2025: --Q2 2025: --Q3 2025: --Q4 2025: --Q1 2026: --Q2 2026: --

IMUX and NVO do not have enough comparable growth data to identify a winner.

NVO Quarterly Revenue

Q3 2023: $8.7BQ4 2023: $9.8BQ1 2024: $9.7BQ2 2024: $10.1BQ3 2024: $10.6BQ4 2024: $12.7BQ1 2025: $11.6BQ2 2025: $11.4BQ3 2025: $11.1BQ4 2025: $11.8BQ1 2026: $14.4BQ2 2026: $11.7B
Q3 2023: $8.7BQ4 2023: $9.8BQ1 2024: $9.7BQ2 2024: $10.1BQ3 2024: $10.6BQ4 2024: $12.7BQ1 2025: $11.6BQ2 2025: $11.4BQ3 2025: $11.1BQ4 2025: $11.8BQ1 2026: $14.4BQ2 2026: $11.7B
QuarterRevenueYoY
Q2 2026$11.7B+2.1%
Q1 2026$14.4B+24%
Q4 2025$11.8B-7.6%
Q3 2025$11.1B+5.1%
Q2 2025$11.4B+13%
Q1 2025$11.6B+19%
Q4 2024$12.7B+30%
Q3 2024$10.6B+21%

NVO's revenue is growing: $11.7B last quarter, up 2.1% from the same quarter a year ago.

IMUX Free Cash Flow

Q3 2023: −$17MQ4 2023: −$14MQ1 2024: −$24MQ2 2024: −$17MQ3 2024: −$21MQ4 2024: −$23MQ1 2025: −$22MQ2 2025: −$25MQ3 2025: −$20MQ4 2025: −$19MQ1 2026: −$17MQ2 2026: −$31M
Q3 2023: −$17MQ4 2023: −$14MQ1 2024: −$24MQ2 2024: −$17MQ3 2024: −$21MQ4 2024: −$23MQ1 2025: −$22MQ2 2025: −$25MQ3 2025: −$20MQ4 2025: −$19MQ1 2026: −$17MQ2 2026: −$31M
QuarterFree cash flowYoY
Q2 2026-$31.2M-$6.6M
Q1 2026-$17.3M+$4.5M
Q4 2025-$19.3M+$3.7M
Q3 2025-$20.2M+$646K
Q2 2025-$24.6M-$7.4M
Q1 2025-$21.8M+$2.2M
Q4 2024-$23M-$8.8M
Q3 2024-$20.9M-$3.5M

IMUX has burned cash in almost every quarter: −$88M over the past year, against −$90M the year before.

NVO Free Cash Flow

Q3 2023: $4.5BQ4 2023: −$1BQ1 2024: $788MQ2 2024: $5.5BQ3 2024: $4.7BQ4 2024: −$633MQ1 2025: $1.5BQ2 2025: $3.6BQ3 2025: $4.6BQ4 2025: −$5.4BQ1 2026: $1.8BQ2 2026: $6.3B
Q3 2023: $4.5BQ4 2023: −$1BQ1 2024: $788MQ2 2024: $5.5BQ3 2024: $4.7BQ4 2024: −$633MQ1 2025: $1.5BQ2 2025: $3.6BQ3 2025: $4.6BQ4 2025: −$5.4BQ1 2026: $1.8BQ2 2026: $6.3B
QuarterFree cash flowYoY
Q2 2026$6.3B+73%
Q1 2026$1.8B+20%
Q4 2025-$5.4B-$4.7B
Q3 2025$4.6B-2.1%
Q2 2025$3.6B-34%
Q1 2025$1.5B+89%
Q4 2024-$632.6M+$390.5M
Q3 2024$4.7B+3.3%

NVO has the edge over IMUX on cash generation, producing positive trailing cash flow while its opponent burns cash.

IMUX Total Shares

Q3 2023: 4MQ1 2024: 10MQ2 2024: 10MQ3 2024: 10MQ4 2024: 10MQ1 2025: 10MQ2 2025: 13MQ3 2025: 19MQ4 2025: 16MQ1 2026: 30MQ2 2026: 43M
Q3 2023: 4MQ1 2024: 10MQ2 2024: 10MQ3 2024: 10MQ4 2024: 10MQ1 2025: 10MQ2 2025: 13MQ3 2025: 19MQ4 2025: 16MQ1 2026: 30MQ2 2026: 43M
PeriodChange %Net change
Quarterly+41%+12.4M shares
1 year+222%+29.3M shares
3 years+874%+38.1M shares
5 years+2210%+40.7M shares

IMUX has 43M diluted shares, up 222% from a year ago.

NVO Total Shares

Q3 2023: 4.5BQ4 2023: 4.5BQ1 2024: 4.5BQ2 2024: 4.5BQ3 2024: 4.5BQ4 2024: 4.5BQ1 2025: 4.4BQ2 2025: 4.4BQ3 2025: 4.4BQ4 2025: 4.4BQ1 2026: 4.4BQ2 2026: 4.4B
Q3 2023: 4.5BQ4 2023: 4.5BQ1 2024: 4.5BQ2 2024: 4.5BQ3 2024: 4.5BQ4 2024: 4.5BQ1 2025: 4.4BQ2 2025: 4.4BQ3 2025: 4.4BQ4 2025: 4.4BQ1 2026: 4.4BQ2 2026: 4.4B
PeriodChange %Net change
Quarterly-0.3%-12.9M shares
1 year-0.2%-11M shares
3 years-1.5%-66.8M shares
5 years-3.8%-177M shares
Available history-6.5%-311M shares

NVO has the edge over IMUX on shareholder dilution, with a more favorable share count trend.

IMUX Net Leverage

IMUX's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

NVO Net Leverage

Q3 2023: -0.0xQ4 2023: 0.1xQ1 2024: 0.2xQ2 2024: 0.0xQ3 2024: -0.0xQ4 2024: 0.6xQ1 2025: 0.5xQ2 2025: 0.5xQ3 2025: 0.4xQ4 2025: 0.6xQ1 2026: 0.7xQ2 2026: 0.5x
Q3 2023: -0.0xQ4 2023: 0.1xQ1 2024: 0.2xQ2 2024: 0.0xQ3 2024: -0.0xQ4 2024: 0.6xQ1 2025: 0.5xQ2 2025: 0.5xQ3 2025: 0.4xQ4 2025: 0.6xQ1 2026: 0.7xQ2 2026: 0.5x
QuarterNet LeverageStatus
Q2 20260.5xVery low
Q1 20260.7xVery low
Q4 20250.6xVery low
Q3 20250.4xVery low
Q2 20250.5xVery low
Q1 20250.5xVery low
Q4 20240.6xVery low
Q3 2024-0.0xVery low

NVO's net debt is less than a year of its operating earnings (EBITDA).

IMUX Weekly Momentum

MetricValueStatus
RSI36.9Neutral
Stochastic12.0Oversold

IMUX's weekly RSI is 37 (neutral) and its Stochastic is 12 (oversold).

NVO Weekly Momentum

MetricValueStatus
RSI43.0Neutral
Stochastic27.0Neutral

NVO's weekly RSI is 43 (neutral) and its Stochastic is 27 (neutral).

IMUX PE vs Healthcare Sector

IMUX has no meaningful PE right now: it lost money over the past year.

NVO PE vs Healthcare Sector

MetricNVOSector medianRelative
PE10x26x60% below
PE %62923 pts below

NVO is trading at 10x earnings, a 60% discount to the Healthcare sector's median of 26x, though its earnings don't support one.

IMUX Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$7.871% below
20 week MA$11.633% below
50 week MA$10.626% below
100 week MA$9.9422% below
200 week MA$12.437% below

IMUX is in a downtrend: it's below all five of its weekly moving averages, and 37% below its 200-week average.

NVO Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$39.23.7% above
20 week MA$43.97.4% below
50 week MA$45.310% below
100 week MA$56.328% below
200 week MA$80.750% below

NVO has the edge over IMUX on trend strength, trading above more of its moving averages.

IMUX Yearly ROI

YearStart priceEnd priceROI
2020$92.7$169.7+83%
2021$169.7$99.0-42%
2022$99.0$13.0-87%
2023$13.0$15.0+15%
2024$15.0$10.3-31%
2025$10.3$5.61-46%
2026 YTD$5.61$7.79+39%

IMUX has the edge over NVO on returns for 2026, with the stronger performance.

NVO Yearly ROI

YearStart priceEnd priceROI
2020$29.1$34.7+19%
2021$34.7$54.2+56%
2022$54.2$67.0+24%
2023$67.0$103.5+54%
2024$103.5$87.4-16%
2025$87.4$52.4-40%
2026 YTD$52.4$40.7-22%

NVO has finished higher in four of the last six years, two of them by more than 50%. It's down 22% so far in 2026.

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