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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#738
Positioning
Market Dominance
Manufacturing
Pharmaceutical Products
$1.2B
Ryan Spencer
The company markets HEPLISAV-B, a hepatitis B vaccine for prevention of infection caused by all known subtypes of hepatitis B virus in age 18 years and older in the United States and Europe. It also manufactures and sells CpG 1018, the adjuvant used in the vaccine. The company was formerly known as Double Helix Corporation.
Headcount
350
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = DVAX ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$DVAX DYNAVAX TECHNOLOGIES CORP | 60 | 62 | 75 | 68 | 10.8x | 11.9x | 12.7% | 9.3% | 84.8% | 22.4% | 28.4% | 17.7% | 0.0% | 49.0x | $1.2B | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
DYNAVAX TECHNOLOGIES CORP (DVAX) receives a "Hold" rating with a composite score of 59.6/100. It ranks #738 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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HQ Base
Berkeley, California
Outperforming peers — winners tend to keep winning over 3-12 months
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Low volatility — smoother ride and historically better risk-adjusted returns
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for DVAX.
View All RatingsROE proxy 12.7% (sector -1.9%)
GM 85% vs sector 44%, OM 22% vs sector 3%
Capital turnover N/A
Rev growth 18%, 10yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate DYNAVAX TECHNOLOGIES CORP (DVAX) as a Hold with a composite score of 59.6/100 at a current price of $15.49. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
DYNAVAX TECHNOLOGIES CORP holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 59.6/100 places it at rank #738 in our full universe.
The near-term outlook is constructive, with revenue growing at 18% and momentum in the 68th percentile confirming positive market sentiment. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy.
Narrow
Low
Standard
Undervalued
Gross margins of 85% signal strong pricing power.
Value factor score of 75 suggests attractive pricing.
Positive momentum indicates institutional accumulation.
Vulnerability to macroeconomic shocks and interest rate volatility.
DYNAVAX TECHNOLOGIES CORP represents a hold based on multi-factor quantitative performance.
Our model assigns DYNAVAX TECHNOLOGIES CORP a Hold rating, with a composite score of 59.6/100 and 3 out of 5 stars. Ranked #738 of 7,333 stocks, DVAX presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 62/100, DVAX shows adequate but unremarkable business quality. The company reports a return on equity of 12.7% (sector avg: -1.9%), gross margins of 84.8% (sector avg: 44.1%), net margins of 28.4% (sector avg: 1.0%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
DVAX carries a solid value score of 75/100, pointing to an attractively priced stock relative to peers. Key valuation metrics include a P/E ratio of 10.81x, an EV/EBITDA of 11.94x, a P/B ratio of 2.18x. This score suggests reasonable compensation for the risks involved, with potential upside if the market recognizes the stock's underlying worth.
With an investment score of 43/100, DVAX exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of 17.7% vs. a sector average of 6.7% and a return on assets of 9.3% (sector: 0.9%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
DVAX demonstrates moderate momentum with a score of 68/100, suggesting a neutral price trend without strong directional conviction. Revenue growth stands at 17.7% year-over-year. Moderate momentum may indicate the stock is consolidating or transitioning between trends, warranting close monitoring of upcoming catalysts.
DVAX shows good financial stability with a score of 76/100. Key stability metrics include a debt-to-equity ratio of 49.00x (sector avg: 0.2x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
DYNAVAX TECHNOLOGIES CORP's short interest score of 30/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include elevated leverage (D/E: 49.00x), small-cap liquidity risk. At $1.2B (small-cap), DVAX carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
DYNAVAX TECHNOLOGIES CORP is a small-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #738 of 7,333 overall (90th percentile). Key comparisons include ROE of 12.7% exceeding the -1.9% sector median and operating margins of 22.4% above the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While DVAX currently exhibits a HOLD profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
Key factor gap
Stability (76) vs Short Int. (30) — closing this gap could shift the rating.
EV/EBITDA IN LINE WITH SECTOR BENCHMARKS
ROE 767% BELOW SECTOR MEDIAN
Gross Margin 93% ABOVE SECTOR MEDIAN (FAVORABLE)
Above 50MA
37.18%
Net New Highs
+51081

U.S. stock indices hover near record highs on Christmas Eve with the S&P 500 up 0.1% and year-to-date gains of 17.5%. Precious metals surge with gold breaking above $4,500/oz (up 70% YTD) and silver up 150%. The market shows mixed tech performance with AI leaders like Nvidia and Alphabet driving gains, while Intel faces pressure after Nvidia halts testing of its 18A process. Strong Q3 GDP growth of 4.3% and falling jobless claims support the bull case, though consumer confidence remains weak. The market is in late-cycle territory with valuations rich and stock selection critical.

David Novack, President & COO of Dynavax Technologies, exercised and sold 114,000 shares for approximately $1.8 million on January 15, 2026, netting about $680,000 after costs. The sale comes following Dynavax's announcement of a $2.2 billion acquisition by French pharmaceutical giant Sanofi at $15.50 per share, representing a 40% premium to December closing prices.
Sanofi has completed its acquisition of Dynavax Technologies Corporation (NasdaqGS:DVAX), closing the transaction and changing the company’s ownership structure. Following the deal, Dynavax has been delisted from Nasdaq and removed from major stock indices, ending its status as a publicly traded company. The acquisition triggered broad changes to Dynavax’s board and executive leadership team, reshaping corporate governance. Dynavax, known for its work in vaccines and immunology, now sits...
If you are looking at Dynavax Technologies and wondering whether the current share price reflects its true worth, this article will walk you through what the numbers actually say about value. The stock closed at US$15.50 recently, with returns of 0.1% over 7 days, 0.6% over 30 days, 0.8% year to date, 22.0% over 1 year, 36.7% over 3 years and 58.5% over 5 years, which may have some investors reassessing both upside potential and risk. Recent news coverage around Dynavax has focused on its...

Monteverde & Associates PC, a securities class action firm, has announced an investigation into Dynavax Technologies Corporation's proposed acquisition by Sanofi. Under the deal terms, Dynavax shareholders are expected to receive $15.50 per share in cash. The firm is examining whether the transaction represents a fair deal for shareholders.