Bavarian Nordic (BAVA) — Cash Flow Reinvestment Rate

Latest as of December 2025: 1.60x

Bavarian Nordic (BAVA) has a Cash Flow Reinvestment Rate of 1.60x as of December 2025, reinvesting Dkr870.80 Million (capex Dkr99.12 Million plus investments Dkr-771.68 Million) from operating cash flow of Dkr545.05 Million. See how much free cash does Bavarian Nordic generate to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

1.60x
(Capex + Investments) / Operating CF

Total Reinvested

Dkr870.80 Million
Capex + Investments

Operating Cash Flow

Dkr545.05 Million
DKK

Capital Expenditures

Dkr99.12 Million
DKK

Bavarian Nordic Cash Flow Reinvestment Rate (2003–2025)

Historical reinvestment intensity for Bavarian Nordic across 14 annual periods. For the full cash flow conversion analysis, see Bavarian Nordic (BAVA) cash flow conversion.

Annual Cash Flow Reinvestment Rate for Bavarian Nordic (2003–2025)

Year-by-year capital reinvestment analysis for Bavarian Nordic. See financial agility of Bavarian Nordic to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (DKK) Operating CF Capex YoY Change
2025 0.49x Dkr1.33 Billion Dkr2.72 Billion Dkr205.29 Million ▼ -49.0%
2024 0.96x Dkr1.87 Billion Dkr1.95 Billion Dkr1.69 Billion ▼ -44.2%
2023 1.72x Dkr1.92 Billion Dkr1.12 Billion Dkr977.40 Million ▼ -81.6%
2022 9.34x Dkr2.06 Billion Dkr220.05 Million Dkr1.38 Billion ▲ +179.8%
2020 3.34x Dkr1.91 Billion Dkr571.91 Million Dkr706.71 Million ▼ -46.4%
2017 6.23x Dkr1.35 Billion Dkr216.06 Million Dkr78.70 Million ▲ +208.7%
2016 2.02x Dkr539.70 Million Dkr267.60 Million Dkr91.52 Million ▲ +18.5%
2015 1.70x Dkr179.20 Million Dkr105.32 Million Dkr59.92 Million ▲ +14.4%
2014 1.49x Dkr503.76 Million Dkr338.75 Million Dkr105.99 Million ▲ +34.5%
2013 1.11x Dkr162.61 Million Dkr147.08 Million Dkr155.44 Million ▼ -50.8%
2012 2.25x Dkr45.21 Million Dkr20.10 Million Dkr45.21 Million ▼ -37.1%
2008 3.58x Dkr80.14 Million Dkr22.41 Million Dkr80.14 Million ▲ +2521.2%
2007 0.14x Dkr22.26 Million Dkr163.16 Million Dkr22.26 Million ▼ -12.8%
2003 0.16x Dkr32.74K Dkr209.27K Dkr32.74K —
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow