VALNValneva SE
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -95% · now 52% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can VALN take a bad year?
The deepest fall in VALN's price history on file is −95%; it is 52% below its high today.
Net debt · as at Q4 2025 · debt less the cash on hand
- Cash runway
- 1.9 years
Cash runway · burning $14M a quarter at the current rate
- Annualised volatility
- 71%
Annualised volatility · three times the market's own swing
- Worst drawdown on file
- −95%
Worst drawdown on file · −52% today
Details›
- Total debtQ4 2025
- $179M
- Cash and short-term investments
- $110M
- Net debt
- $70M
- Operating profit, trailing twelve months
- −$82M
- Debt / equity
- 1.69×
- Annualised volatilitytwo years of daily moves
- 71%
- Worst drawdown on file
- −95%
- Below its 52-week high
- 52%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.