Moderna plans to invest ~€500M in Spain

  • Moderna (NASDAQ:MRNA) intends to invest ~€500M in Spain and open a laboratory to strengthen its vaccine production, Spain's Prime Minister Pedro Sanchez said in a tweet June 14.
  • Sanchez said in a tweet that he met with Moderna's Vice President Dan Staner who discussed the company's expansion plan in Spain.
  • Moderna currently has a collaboration with Spain's Laboratorios Farmacéuticos Rovi which the companies expanded in February for another 10 years to make MRNA medicines.
  • Separately, Moderna noted that it intends to establish a quality testing lab for mRNA vaccines in Madrid, Reuters reported June 14.
  • The Cambridge, Mass.-based COVID vaccine maker added that the ~€500M investment this year included its team up with Rovi, according to the report.

    Over the current book year the total revenu from the company based in Cambridge will be 19.08 billion USD (consensus estimates). This is slightly more than 2021's revenue of 18.47 billion USD.

    Historical revenues and results Moderna Inc plus estimates 2022

    koersgrafieken

    The analysts expect for 2022 a net profit of 8.86 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 21.51 USD. Based on this the price/earnings-ratio is 8.35.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the biotech companies equals an attractive 3.55 percent.

    Moderna Inc 's market value equals around 71.62 billion . -35

    At 15.40 the stock trades 1.09 percent lower at 179.59 USD.

    Price data Moderna Inc 2010-2022

    stock analysis modernainc

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