Initiator Pharma Ratios and Metrics

Market cap in millions SEK. Fiscal year is January - December.

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2019
Period Ending	Jul '25 Jul 16, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2019
Market Capitalization	255	385	485	317	356	133	Upgrade
Market Cap Growth	-28.43%	-20.69%	52.80%	-10.94%	167.93%	-29.18%	Upgrade
Enterprise Value	240	366	475	268	318	121	Upgrade
Last Close Price	3.74	6.85	9.24	6.06	8.14	4.51	Upgrade
Forward PE	4.84	11.25	16.59	7.36	-	-	Upgrade
PB Ratio	14.47	16.93	29.13	6.23	7.36	6.84	Upgrade
P/TBV Ratio	14.47	16.93	29.13	6.23	7.36	6.84	Upgrade
Debt / Equity Ratio	-	-	1.38	0.37	0.38	-	Upgrade
Quick Ratio	12.28	15.02	9.34	26.54	7.10	13.01	Upgrade
Current Ratio	12.28	15.02	9.34	27.70	9.91	13.06	Upgrade
Return on Equity (ROE)	-63.98%	-99.69%	-101.24%	-111.44%	-85.27%	-71.53%	Upgrade
Return on Assets (ROA)	-45.18%	-39.73%	-43.24%	-51.13%	-41.61%	-48.68%	Upgrade
Return on Capital (ROIC)	-47.36%	-43.80%	-46.16%	-54.99%	-46.00%	-54.13%	Upgrade
Earnings Yield	-6.53%	-5.17%	-7.04%	-18.15%	-8.18%	-8.83%	Upgrade
FCF Yield	-	-4.83%	-5.43%	-15.43%	-13.23%	-8.18%	Upgrade
Buyback Yield / Dilution	-7.82%	-9.25%	-8.47%	-37.72%	-28.18%	-12.92%	Upgrade

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.