Affimed N.V.

Factors to consider:

• Earnings for 12 months up through Q4 are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2023-12-31 to 2025-12-30

• 2023-12-31 to 2024-12-30 estimated range: [2.34$, 6.93$]
• 2024-12-30 to 2025-12-30 estimated range: [3.03$, 8.08$]

Financial Metrics affecting the AFMD estimates:

• Negative: Non-GAAP EPS, $ of -7.55 <= 0.04
• Negative: negative Net income
• Negative: Operating cash flow per share per price, % of -65.49 <= 1.76
• Negative: Industry earnings per price (median), % of -30.69 <= 0
• Negative: negative Operating income
• Positive: Interest expense per share, $ of 0.13 <= 0.67
• Negative: Inventory ratio change, % of 15.40 > 1.03
• Negative: Industry operating cash flow per share per price (median), % of -25.05 <= 2.83
• Negative: negative Industry operating income (median)
• Positive: Industry inventory ratio change (median), % of 0 <= 0
• Positive: -3.17 < Investing cash flow per share, $ of -2.66