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Lan's avatar

Hi I enjoyed the article! Do you think alvotech will dilute by 2026? They have high development costs, the Xbrane acquisition and potentially higher manufacturing costs with the tariff uncertainties despite operating only in Iceland. Would love to hear your thoughts. Thanks!

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M. V. Cunha's avatar

Thanks Lan! Sorry for taking so long to respond, I just noticed your comment.

According to the company, it expects to reach FCF profitability this year and doesn’t anticipate needing any additional funding. They estimate cumulative Capex from 2025 to 2028 to be around $190M (not much), and most of the development costs for the current pipeline have already been incurred.

The Xbrane acquisition was relatively small, and my only concern regarding tariffs would be sales to the U.S., but hopefully an agreement is reached soon.

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Cawnpore Charlie's avatar

Very promising finds! I'd love to hear more about ALVO - seems like a lot of potential there.

Thanks.

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M. V. Cunha's avatar

Thanks for your feedback! 🤝🏻

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Noah's avatar

i lean to Alvotech. I also like oil and gas too, but i disagree on geopolitics around Vista. Milei is deep on US camp ( does not even matter if president is blue or red ).

As so, it's too much to ask, if you could also took a peek on $ALDE ( Aldebaran Resources ) ?

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M. V. Cunha's avatar

Thanks for your feedback! I’ll take a look at it :)

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Magnus Lyngby's avatar

Good writeup! I think Alvotech is a bit to risky for my likings. I would like to hear more about Vista

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M. V. Cunha's avatar

Thanks Magnus! 🤝🏻

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Magnus Lyngby's avatar

Have been following for a while on X, I think you add a lot of value

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M. V. Cunha's avatar

I sincerely appreciate it!

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Viju Krishnan's avatar

Awesome write ups. Enough detail to get a basic understanding of the lay of the land for the two entities. Alvotech appears more compelling to me..not sure I am ready to get exposure to stocks that have policy/geopolitical risks..

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M. V. Cunha's avatar

Thanks a lot for your feedback Sir! 💪🏻

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Greg Davis's avatar

Awesome rundown! I’m definitely more interested in Alvotech - such a compelling story to follow in a sector that piques my curiosity more so than oil/gas

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M. V. Cunha's avatar

Thanks for your feedback, much appreciated! :)

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