NVAX

Value 202020212022202320242025 Current Total common shares outstanding 73.86 M76.28 M86.17 M139.95 M160.84 M162.94 M 164.95 M Enterprise value 8.11 B9.85 B25.3 M308.62 M939.65 M1.1 B 1.31 B Price to earnings ratio —-6.1-1.16-0.93-6.542.6 -6.76 Price to sales ratio —9.290.390.521.791.04 3.67 Price to cash flow ratio —32.96-1.840.7114.02-4.76 -44.5 Price to book ratio —-30.27-1.210.711.96-9.11 -2.43 Enterprise value to EBITDA ratio -19.67-5.89-0.04-0.59-4.682.29 — Return on assets % -0.26-0.68-0.29-0.3-0.120.37 -0.06 Return on equity % -0.674.961.040.760.3-3.45 0.28 Return on invested capital % -590.32-485.21-121.46-113.76-60.39342.59 -54.91 Gross margin % 10010054.4665.0570.2893.5 74.87 Operating margin % -87.62-147.13-32.53-57.59-36.4940.3 -96.84 EBITDA margin % -86.72-146.04-31.06-53.42-29.4642.8 — Net margin % -87.94-152.12-33.2-55.41-27.4939.19 -94.16 Quick ratio ——0.680.670.972.1 2.3 Current ratio 2.150.90.690.70.982.13 2.33 Inventory turnover ——2.09-0.031.130.19 0.15 Asset turnover 0.540.550.820.490.410.95 0.06 Debt to assets ratio 0.270.180.230.10.110.21 — Debt to equity ratio 0.68-1.29-0.82-0.24-0.28-1.93 — Long term debt to total assets ratio 0.20.13-0-0-0-0.01 0.31 Long term debt to total equity ratio 0.51-0.920.010.010.010.06 -1.53 Operating cash flow per share —4.34-5.32-7.09-0.57-1.41 -0.21 EBIT per share —-22.67-8.25-5.62-1.642.62 -1.44 EBITDA per share —-22.5-7.87-5.22-1.322.78 — Total debt per share —6.16.631.721.161.43 — Cash per share —20.3617.15.646.074.25 4.37 Net current asset value per share —28.9721.7911.357.425.65 4.69 Tangible book value per share —-4.73-8.11-7.11-4.1-1.39 -1.84 Working capital per share —-3.16-9.68-4.88-0.172.99 2.68 Book value per share —-4.73-8.11-7.11-4.1-0.74 -1.16