Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products. It operates through two segments, Obesity and Diabetes Care, and Rare Disease. The Obesity and Diabetes care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides NovoPen 6 and NovoPen Echo Plus, smart insulin pens; Dose Check, an insulin dose guidance application; growth hormone pens and injection needles; and Wegovy pill an oral glucagon-like peptide-1 (GLP-1) receptor agonist therapy for weight management. It operates in Europe, Canada, the United States, Japan, Korea, Oceania, Southeast Asia, Mainland China, Hong Kong and Taiwan, Latin America, the Middle East, and Africa. Novo Nordisk A/S was founded in 1923 and is headquartered in Bagsvaerd, Denmark.
DKK 43.52
DKK 0.03 (-0.07%)
Price from 4 days ago
Margins and capital returns are both well above average: 41.30% operating margin, ROIC at 35.07%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 6.4%, steady but not accelerating. Margins contracted 2.9pp, which offsets some of the top-line progress.
Free cash flow declined 58% versus the prior year, cash generation momentum has weakened. ROIC dropped from 53.65% to 35.07%, capital efficiency is deteriorating.
10.3x earnings, 40.7x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
DKK 327.80B
▲ +6.4% YoY
Net Income (TTM)
DKK 121.96B
▲ +1.4% YoY
Op. Margin
45.30%
▼ -2.9pp YoY
ROIC
35.07%
▼ -18.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
DKK 31.03B
▼ -58.4% YoY
Op. Cash Flow (TTM)
DKK 168.82B
▲ +12.9% YoY
Net Debt
DKK 104.00B
Cash & Equiv.
DKK 26.96B
3Y CAGR: +20.4%
3Y CAGR: -23.3%
Continue Research