Abivax SA (ABVX) AI Stock Analysis

NASDAQ: ABVXAI research summary: business, growth, valuation, analysts, bull and bear case.

ABVX AI stock analysis summary

AI Research

Abivax SA American Depositary Shares (ABVX) is a clinical-stage biotechnology company developing obefazimod for ulcerative colitis and other inflammatory diseases. The company reported trailing twelve-month revenue of $4.7M and an operating cash outflow of -$154.1M in FY2024. As of June 30, 2026, Abivax holds $410.7M in cash and short-term investments against $1.2M in total debt.

Market cap
$7.69B
Revenue (TTM)
$4.7M
P/E
—
1Y return
-5.1%
S&P 500 16.8%
Avg. target
$163.58
85.6% vs last close

Bull case

  • Wall Street analysts see significant upside, establishing a mean price target of $163.58, which is 85.6% above the last closing price of $88.13.
  • Abivax holds a substantial cash position of $410.7M in cash and short-term investments with net cash of $409.5M as of June 30, 2026.
  • Consensus projections from 7 analysts anticipate revenue to surge 1695.5% to $71.9M in the next fiscal year.

Bear case

  • The company incurs heavy cash outflows, generating negative free cash flow of -$154.7M in FY2024 alongside R&D expenses of $146.5M.
  • Shareholder dilution has been extensive, as reflected in a 5-year share count increase of 375.4%.
  • The shares have underperformed the broader market, dropping 34.6% year-to-date and trading 23.9% below their 200-day moving average.

What Abivax SA does

Abivax SA is a clinical-stage biotechnology company headquartered in Paris, France. Founded in 2013, the company develops therapies that harness the body's innate regulatory mechanisms to manage and stabilize immune responses in patients with chronic inflammatory diseases. Its lead drug candidate is obefazimod, which is currently advancing through Phase 3 clinical trials for the treatment of moderately to severely active ulcerative colitis in adults. Beyond ulcerative colitis, Abivax continues exploring the therapeutic potential of its platform across a spectrum of other chronic inflammatory diseases to improve long-term outcomes for patients.

Growth and profitability

Abivax generated $10.8M in revenue in FY2024, up 133.5% from $4.6M in FY2023 and $4.6M in FY2022. Between FY2019 and FY2024, revenue grew at a 5-year CAGR of 457.7%. However, the company remains unprofitable due to heavy clinical development spending. Operating margin was -1602.9% in FY2024, with net income of -$176.2M and R&D expense of $146.5M. In the trailing twelve months ending June 30, 2026, revenue stood at $4.7M with EPS of -$6.08 and an operating margin of -8617.9%. In the latest quarter ending June 30, 2026, quarterly revenue fell 6.8% year-over-year.

ABVX income statement →

Balance sheet and cash flow

As of June 30, 2026, Abivax reported $410.7M in cash and short-term investments and $1.2M in total debt, resulting in net cash of $409.5M. Total assets stood at $462.2M, while shareholders' equity reached $366.3M. The company maintains short-term liquidity with a current ratio of 5.97 and a debt-to-equity ratio of 0.00. In FY2025, capital expenditures were $136,396, while cash burn remained significant, with free cash flow of -$154.7M in FY2024. Over five years, its share count expanded by 375.4%.

ABVX balance sheet →

Valuation and performance

At a closing price of $88.13 on October 16, 2026, Abivax had a market capitalization of $7.69B and an enterprise value of $7.90B. The stock traded at an enterprise value to revenue multiple of 157.6x and a price-to-book ratio of 19.5x. By comparison, the median of its US-listed Healthcare peers had a price-to-sales ratio of 4.1x, an EV to EBITDA multiple of 12.0x, and a trailing P/E of 24.6x. Over the past year, ABVX fell 5.1%, while the S&P 500 (SPY) returned 16.8%.

ABVX key metrics →

What analysts expect

Wall Street sentiment is positive, with 8 Strong Buy and 4 Buy ratings, alongside zero Hold, Sell, or Strong Sell ratings. The mean price target is $163.58, representing an upside of 85.6% from the last close of $88.13. Consensus estimates project full-year revenue of $4.0M and EPS of -$4.19 for the fiscal year ending December 31, 2026. For the next fiscal year, 7 analysts project revenue to reach $71.9M, representing 1695.5% growth. Abivax beat EPS estimates in 1 of the last 4 quarters.

ABVX forecast and price target →

Key risks and what to watch

  • With trailing twelve-month revenue at $4.7M and an operating margin of -8617.9%, financial stability depends on obefazimod Phase 3 clinical outcomes.
  • The stock carries an enterprise value to revenue multiple of 157.6x, leaving minimal valuation cushion if trial milestones encounter delays.
  • Quarterly earnings execution has been inconsistent, with Abivax beating EPS estimates in only 1 of the last 4 quarters.
  • A 5-year share count expansion of 375.4% underlines the ongoing risk of equity dilution to fund clinical operations.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this ABVX AI stock analysis

This page is an AI-written research summary of Abivax SA (ABVX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ABVX income statement, ABVX balance sheet, ABVX key metrics, ABVX analyst forecast, ABVX chart. See the ABVX stock overview for the latest quote and news.

ABVX AI stock analysis FAQ

What is Abivax's lead drug candidate?

Abivax's lead candidate is obefazimod, an oral therapy currently advancing through Phase 3 clinical trials for the treatment of moderately to severely active ulcerative colitis in adults.

What is Abivax's current cash and debt position?

As of June 30, 2026, Abivax held $410.7M in cash and short-term investments against $1.2M in total debt, resulting in a net cash position of $409.5M.

Does Abivax pay a dividend?

No, Abivax does not pay a dividend and instead directs its capital toward research and clinical development.

What price targets do Wall Street analysts have for ABVX?

Analysts have an average price target of $163.58 for ABVX, which represents an 85.6% premium over its closing price of $88.13 on October 16, 2026.

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