Bavarian Nordic (BAVA) — Free Cash Flow Generation Index
Bavarian Nordic (BAVA) has a Free Cash Flow Generation Index of 0.82x as of December 2025. Free cash flow of Dkr445.92 Million represents 1% of operating cash flow (Dkr545.05 Million). Read Bavarian Nordic balance sheet liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Bavarian Nordic Free Cash Flow Generation Index (2003–2025)
Historical FCF Generation Index trend for Bavarian Nordic across 14 annual periods. Explore how much does Bavarian Nordic reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Bavarian Nordic (2003–2025)
Year-by-year Free Cash Flow Generation Index for Bavarian Nordic. For the full company profile including market capitalisation, see Bavarian Nordic (BAVA) total market value.
| Year | FCG Index | Free Cash Flow (DKK) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.92x | Dkr2.52 Billion | Dkr2.72 Billion | Dkr205.29 Million | ▲ +587.6% |
| 2024 | 0.13x | Dkr262.19 Million | Dkr1.95 Billion | Dkr1.69 Billion | ▲ +6.1% |
| 2023 | 0.13x | Dkr141.80 Million | Dkr1.12 Billion | Dkr977.40 Million | ▲ +102.4% |
| 2022 | -5.28x | Dkr-1.16 Billion | Dkr220.05 Million | Dkr1.38 Billion | ▼ -2139.5% |
| 2020 | -0.24x | Dkr-134.80 Million | Dkr571.91 Million | Dkr706.71 Million | ▼ -137.1% |
| 2017 | 0.64x | Dkr137.37 Million | Dkr216.06 Million | Dkr78.70 Million | ▼ -3.4% |
| 2016 | 0.66x | Dkr176.08 Million | Dkr267.60 Million | Dkr91.52 Million | ▲ +52.6% |
| 2015 | 0.43x | Dkr45.40 Million | Dkr105.32 Million | Dkr59.92 Million | ▼ -37.3% |
| 2014 | 0.69x | Dkr232.76 Million | Dkr338.75 Million | Dkr105.99 Million | ▲ +1310.2% |
| 2013 | -0.06x | Dkr-8.35 Million | Dkr147.08 Million | Dkr155.44 Million | ▲ +95.5% |
| 2012 | -1.25x | Dkr-25.11 Million | Dkr20.10 Million | Dkr45.21 Million | ▲ +51.5% |
| 2008 | -2.58x | Dkr-57.73 Million | Dkr22.41 Million | Dkr80.14 Million | ▼ -398.3% |
| 2007 | 0.86x | Dkr140.91 Million | Dkr163.16 Million | Dkr22.26 Million | ▲ +2.4% |
| 2003 | 0.84x | Dkr176.53K | Dkr209.27K | Dkr32.74K | — |