Moderna Inc

Moderna Inc

MRNA

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Market Cap$18.72B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Moderna IncModerna Inc-5.8--43%9.80.2

Earnings Call Q1 2026

May 1, 2026 - AI Summary

Strong Q1 performance + reiterated growth outlook - Revenues in Q1 2026: ~$0.4B, up ~$300M YoY, driven mainly by execution of long-term strategic partnership deliveries (especially U.K.). - International ~80% / U.S. ~20% of revenue in the quarter. - Full-year 2026 revenue outlook reiterated: up to ~10% growth, with ~50% U.S. / ~50% international expected as COVID revenue patterns shift. - Q2 guidance: $50M–$100M revenue (split evenly between U.S. and international), implying H1 revenue ~$440M–$490M.
Cost discipline offsets major GAAP hit (litigation) - Reported net loss: ~$1.3B (GAAP) vs ~$1.0B prior year, primarily driven by the litigation settlement. - Excluding settlement: net loss would be ~$0.5B, down 50%+ YoY, indicating improving underlying economics. - Adjusted cash cost: 26% YoY reduction in Q1 (excluding settlement), tracking toward ~$4.2B adjusted cash costs for 2026. - Cash & investments: $7.5B at quarter-end (down from $8.1B end of 2025), with management reiterating continued balance-sheet discipline.
2026 financial framework: big gross margin pressure from settlement; otherwise improving fundamentals - Cost of sales guidance increased to ~$1.8B, now including a ~$0.9B litigation charge. - Without the litigation charge, cost of sales guidance is essentially unchanged, with management pointing to manufacturing efficiency gains and volume leverage for gross margin improvement. - R&D: still ~$3.0B (slightly more weighted to 2H); SG&A: ~$1.0B (flat). - Total GAAP operating expenses (ex-litigation): ~$4.9B; cash costs (ex-litigation): ~$4.2B. - Cash end-2026 expected: ~$4.5B–$5.0B; no additional draw assumed from an undrawn ~$0.9B credit facility. - Taxes expected negligible; capex ~$0.2B–$0.3B.

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$37.80

Target Price by Analysts

23% downsideModerna Target Price DetailsTarget Price
$-3.35

Current Fair Value

106.8% downside

Overvalued by 106.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$18.72 Billion
Enterprise Value$18.17 Billion
Dividend Yield$- (-)
Earnings per Share$-7.26
Beta1.06
Outstanding Shares395,000,000

Return

Return on Equity-43.12%ROE
Return on Assets-27.80%
Return on Invested Capital-36.56%

Valuation & Multiples

P/E Ratio-5.84P/E Ratio
PEG-15.23PEG
Price to Sales9.81Price to Sales
Price to Book Ratio2.73Price to Book Ratio
Enterprise Value to Revenue8.16
Enterprise Value to EBIT-5.47
Enterprise Value to Net Income-6
Total Debt to Enterprise0.07
Debt to Equity0.18Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$-2.03
Average shareholder expectation
Revenue Estimate
$251.22 M
Average shareholder expectation

Next Earnings Call

Expected Date
July 31, 2026
EPS Estimate
$-2.03
Average shareholder expectation
Revenue Estimate
$101.75 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0150 4.34%
Total Calls30,121,312 26.92%
Total Puts30,573,478 29.92%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %79.22% 1.19%
Total Invested$15.63B 73.74%
Investors Holding790 45.00%

ESG Score

No data

About Moderna Inc

CEO: Stephane Bancel

Relevant Senate Committees

Joint Committee on Taxation

This committee provides crucial technical analysis and 'revenue estimates' for all tax legislation, directly influencing corporate tax structures and capital investment credits, which have a substantial impact on Moderna's financial planning and bottom line.

Finance

This powerful committee controls taxation, trade policy, and entitlement spending (e.g., Medicare pricing for drugs), all of which directly and significantly impact Moderna's profitability and market access.

Appropriations

This committee allocates discretionary federal spending, directly determining funding for health research (e.g., NIH, BARDA, CDC) and public health initiatives, which can significantly impact Moderna's contracts and opportunities.

Health, Education, Labor, and Pensions

This committee directly regulates the FDA, which is responsible for the approval of Moderna's biological products, and influences NIH funding for crucial research. It's a primary regulatory body.

Judiciary

This committee's oversight of intellectual property (patents) is absolutely critical for a biotech company like Moderna. Antitrust enforcement also impacts potential M&A in the sector.

Special Committee on Aging

Moderna's products often target older populations (e.g., vaccines for RSV, flu, COVID). This committee's hearings on drug pricing and healthcare costs create significant 'headline risk' and influence legislative pressure on a key revenue driver.

Select Committee on Intelligence

Members receive classified briefings on global threats. For a biological product manufacturer, information on emerging pandemics, bioweapons, or global health crises would be highly material and non-public, directly impacting the company's strategic value and stock performance.