DBV Stock Analysis: DBV Technologies S.A. | PA

Biotechnology | PA, France | Market Cap: 856m EUR | 12M Return: 56% | Charts, Fundamentals & Technical Analysis

Epicutaneous Immunotherapy, Peanut Allergy, Milk Allergy, Food Diagnostics
Total Rating 28
Safety 40
Buy Signal -0.44
Biotechnology
Industry Rotation: +30.9
Market Cap: 977M
Avg Turnover: 2.33M
Risk 3d forecast
Volatility59.7%
VaR 5th Pctl8.89%
VaR vs Median-8.74%
Reward TTM
Sharpe Ratio0.90
Rel. Str. IBD36.1
Rel. Str. Peer Group13.8
Character TTM
Beta0.168
Beta Downside-0.576
Hurst Exponent0.460
Drawdowns 3y
Max DD84.24%
CAGR/Max DD-0.02
CAGR/Mean DD-0.04
EPS (Earnings per Share) EPS (Earnings per Share) of DBV over the last years for every Quarter: "2021-06": -0.94, "2021-09": -0.76, "2021-12": -0.23, "2022-03": -0.57, "2022-06": -0.68, "2022-09": -0.37, "2022-12": -0.18, "2023-03": -0.4, "2023-06": -0.47, "2023-09": -0.32, "2023-12": -0.1081, "2024-03": -0.52, "2024-06": -0.34, "2024-09": -0.2881, "2024-12": -0.2151, "2025-03": -0.2507, "2025-06": -0.13, "2025-09": -0.1, "2025-12": -0.1, "2026-03": -0.095,
Last SUE: -0.52
Qual. Beats: 0
Revenue Revenue of DBV over the last years for every Quarter: 2021-06: -1.488, 2021-09: 1.323, 2021-12: 5.708, 2022-03: 2.546, 2022-06: 1.529, 2022-09: 2.074, 2022-12: -1.304, 2023-03: 2.194, 2023-06: 2.288, 2023-09: 2.4, 2023-12: 8.875, 2024-03: 1.407, 2024-06: 1.161, 2024-09: 1.072, 2024-12: 0.511, 2025-03: 0.753, 2025-06: 2.217, 2025-09: 0, 2025-12: 3.419, 2026-03: 0,
Rev. CAGR: -24.14%
Rev. Trend: -43.3%
Last SUE: -1.09
Qual. Beats: -1

Warnings

Strong Share Dilution
Altman Z'' In Financial Distress Zone
Below Avwap Earnings
Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 10.5 years of data

Jan -4.7% 17
Feb +0.7% 0
Mar +5.8% 29
Apr -0.2% 15
May -0.8% 11
Jun -0.9% 11
Jul +5.2% 9
Aug -0.7% 19
Sep -3.4% 36
Oct -13.2% 36
Nov -6.3% 38
Dec +18.6% 38

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: DBV DBV Technologies S.A.

DBV Technologies S.A. is a clinical-stage French biopharmaceutical company focused on epicutaneous immunotherapy, a method that delivers allergens through the skin via patch technology. Founded in 2002 and headquartered in Châtillon, France, the companys lead candidate, Viaskin Peanut, has completed Phase 3 clinical trials for peanut allergy treatment, while Viaskin Milk is in Phase 1/2 trials targeting cows milk protein allergy and eosinophilic esophagitis. Earlier-stage research targets celiac disease, and the company maintains a broader Viaskin technology platform aimed at additional food allergy indications. DBV also collaborates with Nestlé Health Science to develop MAG1C, a diagnostic patch test for non-IgE mediated cows milk protein allergy in infants and toddlers.

As a clinical-stage biotechnology company, DBV has no commercially approved products and therefore does not generate meaningful product revenue; its operations are typically funded through equity raises, grants, and development partnerships. Epicutaneous immunotherapy represents a needle-free, non-systemic alternative to oral or subcutaneous allergy treatments, positioning DBV within a niche but growing segment of the allergy and immunology therapeutics market.

Headlines to Watch Out For
  • Viaskin Peanut FDA approval decision remains primary stock catalyst
  • Cash burn accelerates as clinical-stage pipeline lacks product revenue
  • Nestlé MAG1C patch test partnership progresses in pediatric CMPA diagnosis
Piotroski VR-10 (Strict) 0.5
Net Income: -167.7m TTM > 0 and > 6% of Revenue
FCF/TA: -0.57 > 0.02 and ΔFCF/TA 121.8 > 1.0
NWC/Revenue: 3.46k% < 20% (prev -321.3%; Δ 3.78k% < -1%)
CFO/TA -0.57 > 3% & CFO -151.1m > Net Income -167.7m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 4.76 > 1.5 & < 3
Outstanding Shares: last quarter (428.3m) vs 12m ago 317.4% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 3.56% > 50% (prev 6.92%; Δ -3.36% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM)
Altman Z'' -4.11
A: 0.73 (Total Current Assets 246.7m - Total Current Liabilities 51.8m) / Total Assets 266.4m
B: -1.65 (Retained Earnings -440.7m / Total Assets 266.4m)
C: -1.08 (EBIT TTM -170.9m / Avg Total Assets 158.5m)
D: 3.56 (Book Value of Equity 208.0m / Total Liabilities 58.5m)
Altman-Z'' = -4.11 = D
Beneish M -3.26
DSRI: 0.76 (Receivables 15.1m/12.3m, Revenue 5.64m/3.50m)
GMI: 1.00 (fallback, negative margins)
AQI: 0.21 (AQ_t 0.02 / AQ_t-1 0.10)
SGI: 1.61 (Revenue 5.64m / 3.50m)
TATA: -0.06 (NI -167.7m - CFO -151.1m) / TA 266.4m)
Beneish M = -3.26 (Cap -4..+1) = AA
What is the price of DBV shares?

As of July 08, 2026, the stock is trading at EUR 2.87 with a total of 689,195 shares traded. Over the past week, the price has changed by +1.91%, over one month by +1.20%, over three months by -18.54% and over the past year by +56.03%.

Current recommended Stop Loss: 2.40 (which is 16.4% or 2.6 ATR below the current price).

Is DBV a buy, sell or hold?

DBV Technologies S.A. has no consensus analysts rating.

DBV Technologies S.A. (DBV) - Fundamental Data Overview as of 06 July 2026
Market Cap USD = 976.8m (856.4m EUR * 1.1405 EUR.USD)
Market Cap USD = 976.8m (856.4m EUR * 1.1405 EUR.USD)
P/S = 149.3081
P/B = 4.689
Revenue TTM = 5.64m USD
EBIT TTM = -170.9m USD
EBITDA TTM = -158.2m USD
Long Term Debt = 5.41m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 12.2m USD (from shortTermDebt, last quarter)
Debt = 6.10m USD (from shortLongTermDebtTotal, last quarter) (leases 6.10m already included)
Net Debt = -223.1m USD (calculated: Debt 6.10m - CCE 229.2m)
Enterprise Value = 753.7m USD (976.8m + Debt 6.10m - CCE 229.2m)
 Interest Coverage Ratio = unknown (Ebit TTM -170.9m / Interest Expense TTM 0.0)
 EV/FCF = -4.96x (Enterprise Value 753.7m / FCF TTM -152.1m)
FCF Yield = -20.18% (FCF TTM -152.1m / Enterprise Value 753.7m)
 FCF Margin = -2.70k% (FCF TTM -152.1m / Revenue TTM 5.64m)
 Net Margin = -2.98k% (Net Income TTM -167.7m / Revenue TTM 5.64m)
 Gross Margin = unknown ((Revenue TTM 5.64m - Cost of Revenue TTM 18.3m) / Revenue TTM)
 Tobins Q-Ratio = 2.83 (Enterprise Value 753.7m / Total Assets 266.4m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 6.10m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -135.0m (EBIT -170.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 4.76 (Total Current Assets 246.7m / Total Current Liabilities 51.8m)
Debt / Equity = 0.03 (Debt 6.10m / totalStockholderEquity, last quarter 208.0m)
 Debt / EBITDA = 1.41 (negative EBITDA) (Net Debt -223.1m / EBITDA -158.2m)
 Debt / FCF = 1.47 (negative FCF - burning cash) (Net Debt -223.1m / FCF TTM -152.1m)
 Total Stockholder Equity = 129.0m (last 4 quarters mean from totalStockholderEquity)
 RoA = -105.8% (out of range, set to none)
 RoE = -130.1% (Net Income TTM -167.7m / Total Stockholder Equity 129.0m)
 RoCE = -127.2% (out of range, set to none) (EBIT -170.9m / Capital Employed (Equity 129.0m + L.T.Debt 5.41m))
 RoIC = -59.61% (negative operating profit) (NOPAT -135.0m / Invested Capital 226.5m)
 WACC = 6.54% (E(976.8m)/V(982.9m) * Re(6.58%) + D(6.10m)/V(982.9m) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 6.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 69.01 | Cagr: 94.31%
 [DCF] Fair Price = unknown (Cash Flow -152.1m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.52 | # QB: 0
Revenue Correlation: -43.25 | Revenue CAGR: -24.14% | SUE: -1.09 | # QB: -1
EPS current Quarter (2026-06-30): EPS=-0.09 | Chg30d=+18.27% | Revisions=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=-0.08 | Chg30d=+10.47% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.34 | Chg30d=-1.48% | Revisions=-25% | GrowthEPS=+24.6% | GrowthRev=-22.8%
EPS next Year (2027-12-31): EPS=-0.15 | Chg30d=-1.39% | Revisions=-25% | GrowthEPS=+57.4% | GrowthRev=+2028.0%