ALVOAlvotech

$4.91

Is it safe?

Can ALVO take a bad year?

Alvotech carries $1.13B of net debt at 9.71× EBITDA: a heavy load to carry through a bad year.

$1.13B

Net debt · as at FY2025 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
9.71×

Net debt / EBITDA · 10.1× a year ago · the load is coming down

Cash runway
1.5 years

Cash runway · burning $29M a quarter at the current rate

Annualised volatility
64%

Annualised volatility · three times the market's own swing

Details
Total debtFY2025
$1.30B
Cash and short-term investments
$172M
Net debt
$1.13B
EBITDA, trailing twelve months
$116M
Operating profit, trailing twelve months
$78M
Total debt / EBITDA
11.2×
Annualised volatilitytwo years of daily moves
64%
Worst drawdown on file
−83%
Below its 52-week high
−45%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.