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Novo Nordisk A/S (NOVO-B.CO)

DKK324.40 +2.15 (+0.67%)
DK CPH Healthcare Drug Manufacturers - General
Address Novo Alle 1 2880
Bagsvaerd, DK
CEO Maziar Mike Doustdar
IPO 2001-01-06
ISIN DK0062498333

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Also trades on Deutsche Börse · NOV.DE (EUR) Deutsche Börse · NOVC.DE (EUR) NASDAQ Copenhagen · NOVO-B.CO (DKK) New York Stock Exchange · NVO (USD) Other OTC · NONOF (USD)
Description

Novo Nordisk A/S operates as a global healthcare enterprise, dedicated to the innovation, development, production, and commercialization of pharmaceutical solutions. Its business is primarily divided into two key segments: Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity Care segment offers a comprehensive portfolio of treatments for diabetes (including insulins, GLP-1 analogues, oral antidiabetic agents, and related delivery systems), obesity management, glucagon, medical needles, and other chronic conditions. The Rare Disease segment provides specialized medications for haemophilia, various blood disorders, endocrine imbalances, growth hormone deficiencies, and hormone replacement therapy. Additionally, the company engages in strategic alliances, including a partnership with Gilead Sciences, Inc., and conducts research focused on identifying cell-specific carriers for nucleic acid-based therapies. Established in 1923, Novo Nordisk A/S is headquartered in Bagsvaerd, Denmark.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
DKK324.40 +2.15 (+0.67%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.35
Float Shares
3.19B
Free Float %
71.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.73% +2.61% +25.58% -1.42% -5.87% -8.49% -31.54% -48.59% +26.22% +70.40% +34,703.64%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (25 ratings, all time) Buy
Price Targets & DCF
Current price
324.40
DCF (Unlevered) 248.39 -23.4%
DCF (Levered) 267.84 -17.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 23% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 18 0
Sell 1 +1
Strong Sell 1 0
Quality scores
Altman Z-Score
4.23
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
8 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Drug Manufacturers - General: +6.6%
    +6.4% Q1'26: +24.0% (vs Q1'25)
  • EPS growth Drug Manufacturers - General: +18.2%
    +1.8% Q1'26: +67.1% (vs Q1'25)
  • FCF margin FCF growth · Drug Manufacturers - General: +36.0%
    +33.5% Q1'26: +12.4% (vs Q1'25)
  • EBIT margin Drug Manufacturers - General: +19.4%
    +43.6% Q1'26: +67.8% (vs Q1'25)
  • ROIC Drug Manufacturers - General: +10.2%
    +35.5% Q1'26: +62.6% (vs Q1'25)
  • Share dilution Drug Manufacturers - General: +0.0%
    -0.3% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Drug Manufacturers - General: -0.29×
    0.88× Q1'26: 0.53× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.35) × ERP
WACC = 91% × Ke + 9% × Kd (5.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 246.67 Current price: 324.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
27 Rev. Ana.
24 EPS Ana.
Dec 2027
28 Rev. Ana.
23 EPS Ana.
Dec 2028
23 Rev. Ana.
20 EPS Ana.
Dec 2029
11 Rev. Ana.
10 EPS Ana.
Dec 2030
11 Rev. Ana.
10 EPS Ana.
Revenue
107.93B
est: 107.76B (+0.2%)
111.78B
est: 111.78B (+0.0%)
111.70B
est: 112.20B (-0.5%)
111.83B
est: 111.63B (+0.2%)
122.02B
est: 121.21B (+0.7%)
126.95B
est: 126.74B (+0.2%)
140.80B
est: 140.15B (+0.5%)
176.95B
est: 176.10B (+0.5%)
232.26B
est: 258.00B (-10.0%)
290.40B
est: 285.38B (+1.8%)
309.06B
est: 307.32B (+0.6%)
288.77B
268.27B – 315.69B
-6.0% YoY
296.19B
268.91B – 335.08B
+2.6% YoY
317.06B
316.89B – 317.23B
+7.0% YoY
346.10B
317.83B – 385.03B
+9.2% YoY
374.72B
344.11B – 416.87B
+8.3% YoY
EBITDA
46.51B
est: 50.26B (-7.5%)
51.06B
est: 52.13B (-2.1%)
51.95B
est: 52.33B (-0.7%)
51.63B
est: 52.07B (-0.8%)
54.43B
est: 56.53B (-3.7%)
59.27B
est: 59.11B (+0.3%)
65.39B
est: 65.36B (+0.0%)
76.80B
est: 82.13B (-6.5%)
114.63B
est: 134.01B (-14.5%)
137.38B
est: 148.23B (-7.3%)
149.44B
est: 159.62B (-6.4%)
149.99B
139.34B – 163.97B
-6.0% YoY
153.84B
139.67B – 174.04B
+2.6% YoY
164.68B
164.59B – 164.77B
+7.0% YoY
179.76B
165.08B – 199.98B
+9.2% YoY
194.63B
178.73B – 216.52B
+8.3% YoY
EBIT
43.55B
est: 45.96B (-5.2%)
47.86B
est: 47.67B (+0.4%)
48.77B
est: 47.85B (+1.9%)
47.70B
est: 47.61B (+0.2%)
48.77B
est: 51.69B (-5.6%)
53.52B
est: 54.05B (-1.0%)
59.37B
est: 59.77B (-0.7%)
69.44B
est: 75.10B (-7.5%)
105.22B
est: 122.24B (-13.9%)
128.83B
est: 135.21B (-4.7%)
134.75B
est: 145.61B (-7.5%)
136.82B
127.11B – 149.57B
-6.0% YoY
140.33B
127.41B – 158.76B
+2.6% YoY
150.23B
150.15B – 150.31B
+7.0% YoY
163.98B
150.59B – 182.43B
+9.2% YoY
177.54B
163.04B – 197.52B
+8.3% YoY
Net Income
34.86B
est: 29.71B (+17.3%)
37.93B
est: 33.63B (+12.8%)
38.13B
est: 34.69B (+9.9%)
38.63B
est: 35.94B (+7.5%)
38.95B
est: 36.83B (+5.8%)
42.14B
est: 40.00B (+5.4%)
47.76B
est: 46.15B (+3.5%)
55.53B
est: 54.39B (+2.1%)
83.68B
est: 89.90B (-6.9%)
100.99B
est: 111.07B (-9.1%)
102.43B
est: 106.55B (-3.9%)
97.23B
77.88B – 111.24B
-8.7% YoY
95.11B
78.70B – 116.56B
-2.2% YoY
102.54B
81.09B – 137.37B
+7.8% YoY
116.56B
104.19B – 133.61B
+13.7% YoY
128.54B
114.89B – 147.34B
+10.3% YoY
SGA
32.17B
est: 29.44B (+9.3%)
32.34B
est: 30.53B (+5.9%)
32.12B
est: 30.65B (+4.8%)
33.31B
est: 30.49B (+9.2%)
35.83B
est: 33.11B (+8.2%)
36.89B
est: 34.62B (+6.5%)
41.06B
est: 38.28B (+7.2%)
50.68B
est: 48.10B (+5.4%)
61.60B
est: 67.22B (-8.4%)
67.38B
est: 74.35B (-9.4%)
70.28B
est: 80.07B (-12.2%)
75.23B
69.89B – 82.25B
-6.0% YoY
77.17B
70.06B – 87.30B
+2.6% YoY
82.60B
82.56B – 82.65B
+7.0% YoY
90.17B
82.80B – 100.31B
+9.2% YoY
97.62B
89.65B – 108.61B
+8.3% YoY
EPS
6.78
est: 6.66 (+1.8%)
7.50
est: 7.54 (-0.5%)
7.71
est: 7.77 (-0.8%)
7.98
est: 8.05 (-0.9%)
8.21
est: 8.25 (-0.5%)
9.03
est: 8.96 (+0.8%)
10.40
est: 10.34 (+0.6%)
12.26
est: 12.19 (+0.6%)
18.67
est: 20.14 (-7.3%)
22.67
est: 22.53 (+0.6%)
23.06
est: 23.49 (-1.8%)
21.14
17.51 – 25.01
-10.0% YoY
21.06
17.70 – 26.21
-0.4% YoY
23.08
18.23 – 30.89
+9.6% YoY
26.21
23.42 – 30.04
+13.6% YoY
28.90
25.83 – 33.13
+10.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-05-06 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-24 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-22 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-15 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
43.10B
OE per share TTM
9.70
Owner's Yield
3.28%
Maintenance CapEx ratio
5.90%
Maint CapEx / Avg PPE
49.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.74M
Shares Outstanding
4.44B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Karsten Munk Knudsen Executive Vice President, Chief Financial Officer & Member of the Management Board 17M male
Martin Holst Lange EVP of R&D, Chief Scientific Officer and Member of the Management Board 12M
Hong Chow Executive Vice President of Product & Portfolio Strategy and Member of Management Board female
Jamey Millar Executive Vice President of US Operations & Member of Management Board male
John F. Kuckelman SVP, Group General Counsel, Global Legal, IP & Security and Member of Management Board male
Maziar Mike Doustdar President, Chief Executive Officer & Member of the Management Board male
Tania Sabroe EVP of People, Organisation and Corporate Affairs & Member of Management Board female
Elin Jager SVP, Chief of Staff to CEO, Corporate Strategy & Sustainability and Member of Management Board female
Thilde Hummel Bogebjerg Executive VP of Enterprise IT & Quality and Member of Management Board female
Emil Kongshøj Larsen EVP of International Operations & Member of Management Board male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits