(ACIU) AC Immune - Ratings and Ratios

Exchange: NASDAQ • Country: Switzerland • Currency: USD • Type: Common Stock • ISIN: CH0329023102

Crenezumab, Semorinemab, ACI-24.060, PI-2620, ACI-35.030

EPS (Earnings per Share)

EPS (Earnings per Share) of ACIU over the last years for every Quarter: "2020-12": -0.27, "2021-03": -0.23, "2021-06": -0.26, "2021-09": -0.22, "2021-12": -0.28, "2022-03": -0.23, "2022-06": -0.23, "2022-09": -0.16, "2022-12": -0.23, "2023-03": -0.21, "2023-06": -0.2, "2023-09": -0.18, "2023-12": -0.05, "2024-03": -0.18, "2024-06": -0.23, "2024-09": 0.06, "2024-12": -0.16, "2025-03": -0.19, "2025-06": -0.21, "2025-09": -0.16, "2025-12": 0,

Revenue

Revenue of ACIU over the last years for every Quarter: 2020-12: 0.944, 2021-03: 0, 2021-06: 0, 2021-09: 0, 2021-12: 0, 2022-03: 0, 2022-06: 0, 2022-09: 3.934, 2022-12: 0.001, 2023-03: 0, 2023-06: 0, 2023-09: 0, 2023-12: 14.801, 2024-03: 0.687, 2024-06: 0.687, 2024-09: 25.485, 2024-12: 1.137, 2025-03: 0.99, 2025-06: 1.306, 2025-09: 0.939, 2025-12: null,

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 71.3%
Value at Risk 5%th 103%
Relative Tail Risk -11.84%
Reward TTM
Sharpe Ratio 0.67
Alpha 14.67
CAGR/Max DD 0.17
Character TTM
Hurst Exponent 0.356
Beta 0.879
Beta Downside 1.037
Drawdowns 3y
Max DD 70.40%
Mean DD 32.23%
Median DD 32.40%

Description: ACIU AC Immune January 01, 2026

AC Immune SA (NASDAQ: ACIU) is a clinical-stage biopharma focused on neurodegenerative diseases caused by protein misfolding. Its proprietary SupraAntigen and Morphomer platforms generate biologics and small-molecule candidates that selectively bind misfolded proteins such as amyloid-β, Tau, α-synuclein and TDP-43.

The lead therapeutic assets include Crenezumab (a conformation-specific anti-amyloid-β antibody) and Semorinemab (an anti-Tau monoclonal antibody designed to block inter-neuronal Tau spread). Additional pipeline programs target Down-syndrome-related Alzheimer’s (ACI-24.060), Parkinson’s disease (ACI-7104.056), and an active-immunization approach (ACI-35.030) that elicits endogenous antibodies against phosphorylated Tau. Diagnostic efforts feature PI-2620 (a Tau PET tracer for AD and non-AD tauopathies) and ACI-12589 (an α-syn PET tracer for differential diagnosis of multiple system atrophy).

AC Immune maintains strategic collaborations with major pharma players-Genentech, Janssen, Eli Lilly and Life Molecular Imaging-providing both milestone payments and co-development expertise. As of the latest 10-Q, the company held roughly $120 million in cash and equivalents, giving it an estimated 18-month runway at current burn rates, while R&D expense has risen ~35 % year-over-year, reflecting accelerated Phase II/III activity.

From a market perspective, the global neurodegenerative-disease therapeutics market is projected to exceed $150 billion by 2030, driven by an aging population and unmet clinical need; AC Immune’s focus on protein-misfolding mechanisms aligns with the sector’s shift toward disease-modifying therapies, which command higher valuation multiples than symptomatic treatments.

For a deeper quantitative view, consider reviewing ValueRay’s analyst dashboard for ACIU.

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income: -71.9m TTM > 0 and > 6% of Revenue
FCF/TA: -0.28 > 0.02 and ΔFCF/TA -45.43 > 1.0
NWC/Revenue: 353.6% < 20% (prev 207.9%; Δ 145.7% < -1%)
CFO/TA -0.27 > 3% & CFO -46.8m > Net Income -71.9m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.16 > 1.5 & < 3
Outstanding Shares: last quarter (99.1m) vs 12m ago -1.73% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 2.10% > 50% (prev 17.06%; Δ -14.95% > 0%)
Interest Coverage Ratio: -398.5 > 6 (EBITDA TTM -69.6m / Interest Expense TTM 180.0k)

Altman Z'' -13.72

A: 0.09 (Total Current Assets 113.7m - Total Current Liabilities 98.3m) / Total Assets 171.6m
B: -2.45 (Retained Earnings -419.8m / Total Assets 171.6m)
C: -0.35 (EBIT TTM -71.7m / Avg Total Assets 207.9m)
D: -3.82 (Book Value of Equity -417.5m / Total Liabilities 109.2m)
Altman-Z'' Score: -13.72 = D

Beneish M -4.00

DSRI: 0.15 (Receivables 402.0k/25.4m, Revenue 4.37m/41.7m)
GMI: 1.00 (fallback, negative margins)
AQI: 1.43 (AQ_t 0.30 / AQ_t-1 0.21)
SGI: 0.10 (Revenue 4.37m / 41.7m)
TATA: -0.15 (NI -71.9m - CFO -46.8m) / TA 171.6m)
Beneish M-Score: -4.26 (Cap -4..+1) = AAA

What is the price of ACIU shares?

As of January 29, 2026, the stock is trading at USD 3.47 with a total of 256,069 shares traded.
Over the past week, the price has changed by +2.06%, over one month by +6.77%, over three months by -1.42% and over the past year by +31.44%.

Is ACIU a buy, sell or hold?

AC Immune has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy ACIU.
  • StrongBuy: 3
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the ACIU price?

Issuer Target Up/Down from current
Wallstreet Target Price 9.2 165.4%
Analysts Target Price 9.2 165.4%
ValueRay Target Price 3.4 -1.4%

ACIU Fundamental Data Overview January 26, 2026

Market Cap CHF = 285.2m (372.2m USD * 0.7661 USD.CHF)
P/E Forward = 11.236
P/S = 85.1372
P/B = 4.704
Revenue TTM = 4.37m CHF
EBIT TTM = -71.7m CHF
EBITDA TTM = -69.6m CHF
Long Term Debt = 4.66m CHF (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.04m CHF (from shortTermDebt, last quarter)
Debt = 4.66m CHF (from shortLongTermDebtTotal, last quarter)
Net Debt = -23.1m CHF (from netDebt column, last quarter)
Enterprise Value = 181.4m CHF (285.2m + Debt 4.66m - CCE 108.5m)
Interest Coverage Ratio = -398.5 (Ebit TTM -71.7m / Interest Expense TTM 180.0k)
EV/FCF = -3.80x (Enterprise Value 181.4m / FCF TTM -47.7m)
FCF Yield = -26.30% (FCF TTM -47.7m / Enterprise Value 181.4m)
FCF Margin = -1091 % (FCF TTM -47.7m / Revenue TTM 4.37m)
Net Margin = -1644 % (Net Income TTM -71.9m / Revenue TTM 4.37m)
Gross Margin = -1331 % ((Revenue TTM 4.37m - Cost of Revenue TTM 62.6m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 100.0%)
Tobins Q-Ratio = 1.06 (Enterprise Value 181.4m / Total Assets 171.6m)
Interest Expense / Debt = 0.99% (Interest Expense 46.0k / Debt 4.66m)
Taxrate = 21.0% (US default 21%)
NOPAT = -56.7m (EBIT -71.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.16 (Total Current Assets 113.7m / Total Current Liabilities 98.3m)
Debt / Equity = 0.07 (Debt 4.66m / totalStockholderEquity, last quarter 62.4m)
Debt / EBITDA = 0.33 (negative EBITDA) (Net Debt -23.1m / EBITDA -69.6m)
Debt / FCF = 0.48 (negative FCF - burning cash) (Net Debt -23.1m / FCF TTM -47.7m)
Total Stockholder Equity = 86.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -34.57% (Net Income -71.9m / Total Assets 171.6m)
RoE = -83.51% (Net Income TTM -71.9m / Total Stockholder Equity 86.1m)
RoCE = -79.07% (EBIT -71.7m / Capital Employed (Equity 86.1m + L.T.Debt 4.66m))
RoIC = -65.85% (negative operating profit) (NOPAT -56.7m / Invested Capital 86.1m)
WACC = 9.02% (E(285.2m)/V(289.8m) * Re(9.15%) + D(4.66m)/V(289.8m) * Rd(0.99%) * (1-Tc(0.21)))
Discount Rate = 9.15% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 8.53%
Fair Price DCF = unknown (Cash Flow -47.7m)
EPS Correlation: 44.39 | EPS CAGR: 99.91% | SUE: 0.71 | # QB: 0
Revenue Correlation: 35.55 | Revenue CAGR: 104.7% | SUE: 0.01 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.61 | Chg30d=-0.009 | Revisions Net=+1 | Growth EPS=+11.7% | Growth Revenue=+643.9%

Additional Sources for ACIU Stock

News: Wall Street Journal | Benzinga | Yahoo Finance

Fund Manager Positions: Dataroma | Stockcircle