IVA
Inventiva S.A. (IVA) 10Y Growth Potential Analysis (2026)
Overall Score
Revenue Growth
Revenue base remains extremely small relative to valuation, with EV/Sales at 205.9x.
No fresh news indicates an acceleration in demand or a new growth catalyst.
Profitability
Margins remain deeply negative, with EBIT margin at -30.4% and net margin at -79.0%.
Return on invested capital is still negative at -0.66%, showing the business is not yet compounding capital effectively.
Financial Health
Liquidity remains solid with a current ratio of 3.16x and cash ratio of 1.28x.
Leverage is manageable on a net basis, with net debt to EBITDA at 0.30x.
Cash Flow
Cash generation remains negative, with free cash flow yield at -10.9% and operating cash flow yield at -8.8%.
Income quality is weak at 0.30, indicating earnings are not translating into durable cash flow.
Growth Efficiency
Capital efficiency remains poor, with ROA at -1.42% and ROCE at -0.79%.
Working-capital metrics remain highly distorted, with a 742.6-day operating cycle and negative cash conversion cycle.
Sources
- Company filings (10-K, 10-Q, investor presentations)
- Financial and market data providers
- Public news and industry information
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