NOVO NORDISK A/S (NVO)
SottovalutatoFondamentale
64
Prezzo
$253.20
Capitalizzazione
$1.12T
Parte 1 · Quanto vale l'azienda
Panoramica
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. The company has a collaboration with Anthropic accelerate the development of new medicines and advance AI-driven software development. 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. It has a strategic collaboration with Orbis Medicines to discover and develop oral macrocycle therapeutics for cardiometabolic diseases. The company was formerly known as Novo Industri A/S and changed its name to Novo Nordisk A/S in April 1989. The company was founded in 1923 and is headquartered in Bagsvaerd, Denmark.
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Con chi questa società si contende gli stessi clienti
Generato il 19 settembre 2026 con claude-haiku-4-5 — condiviso con tutti gli utenti
Con tirzepatide (Mounjaro, Zepbound) Lilly si contende gli stessi pazienti diabetici e obesi della semaglutide di Novo Nordisk (Ozempic, Wegovy), e le due si sfidano anche sull'insulina e sull'ormone della crescita.
Amgen sta portando avanti MariTide, farmaco mensile per l'obesità, con l'obiettivo di prendersi una fetta dello stesso mercato del controllo del peso da cui arriva gran parte della crescita di Novo Nordisk.
Pfizer si scontra con Novo Nordisk sull'ormone della crescita (Genotropin, Ngenla) e sull'emofilia (Hympavzi), e con un'acquisizione è entrata anche nell'obesità, il terreno da cui Novo Nordisk ricava la maggior parte del fatturato.
Sanofi è il terzo dei tre produttori che insieme coprono oltre il 90% del valore dell'insulina venduta nel mondo: glargine e gli altri suoi insulinici si rivolgono agli stessi pazienti diabetici e agli stessi rimborsatori di Novo Nordisk.
Il gruppo tedesco, non quotato, vende Jardiance per il diabete e sviluppa survodutide per l'obesità: punta agli stessi medici e agli stessi pazienti metabolici su cui vive Novo Nordisk.
Roche si è costruita una pipeline sull'obesità, con incretine orali e iniettabili destinate agli stessi pazienti che oggi vengono trattati con Wegovy.
Stato Patrimoniale e Liquidità
Ricavi
$329.43B
Ultimi 12 mesi (al 30/06/2026)
Utile Netto
$116.44B
Ultimi 12 mesi (al 30/06/2026)
Free Cash Flow
$37.67B
Patrimonio Netto Totale
$167.06B
Passività Totali
$140.13B
Rapporto di Liquidità
0.87
Copertura Interessi
-
Debito/EBITDA
0.81
Utile per Azione
Ricavi e Utile Netto
Free Cash Flow
Scomposizione Ricavi
Prospetto storico
Margini nel tempo
Il debito nel tempo
Quanto pesa il debito
Griglia della crescita
Crescita — Ricavi
Stima del Fair Value
Fair Value
$408.75
Prezzo Attuale
$253.20
Margine di Sicurezza
+38.1%
Range Fair Value
$265.69 - $551.82
Intervallo di dispersione tra i metodi di valutazione usati, non una stima statisticamente calibrata.
Metodi di Stima
Metriche di Valutazione
Rapporto P/E
9.64
ROE
59.8%
Rapporto P/B
5.06
P/FCF
22.45
Margine Lordo
82.0%
ROIC
36.0%
Radar Redditività
Creazione di Valore (Vantaggio Competitivo)
ROIC
36.0%
WACC
13.3%
ROIC − WACC
+22.7 pp
Il ROIC supera il costo del capitale: l'azienda sta creando valore per gli azionisti.
Criteri di Analisi Fondamentale
Superati (13)
- Price CAGR 7.39%
- ROIC 36.0%
- Gross Margin 82.0%
- P/FCF 22.45
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- ROE 59.1%
- Revenue Growth 5Y 19.5%
- Earnings Surprise avg 2.9%
- PEG Ratio 0.46
- Earnings Quality (OCF/NI) 1.29
Non superati (6)
- P/B Ratio 5.06
- CapEx intensity
- DCF valuation (Overvalued)
- Analyst Consensus 31% Buy
- Net Margin Trend 33.1% vs 34.8%
- Piotroski F-Score 2/9
Non disponibili (8)
- EPS data insufficient
- Dividend Payout NaN%
- Operating Margin NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- Share Dilution (missing shares data)
Piotroski F-Score
Preoccupazioni finanziarie serie
Qualità degli Utili
Alta qualità: utili supportati da cash
Diluizione Azionaria
Riacquisto azioni. Favorevole agli azionisti
Partecipazioni istituzionali
Governance
Team Dirigenziale
| Nome | Ruolo | Età |
|---|---|---|
| Mr. Karsten Munk Knudsen | Executive VP, CFO & Member of the Management Board | 54 |
| Mr. Maziar Mike Doustdar B.A. | President, CEO & Member of the Management Board | 55 |
| Dr. Martin Holst Lange | EVP of R&D, Chief Scientific Officer and Member of the Management Board | 55 |
| Ms. Tania Sabroe | EVP of People, Organisation and Corporate Affairs & Member of Management Board | 48 |
| Ms. Thilde Hummel Bogebjerg | Executive VP of Enterprise IT & Quality and Member of Management Board | 43 |
| Mr. John F. Kuckelman | SVP, Group General Counsel, Global Legal, IP & Security and Member of Management Board | 53 |
| Mr. Emil Kongshoej Larsen | EVP of International Operations & Member of Management Board | 50 |
| Ms. Elin Jager | SVP, Chief of Staff to CEO, Corporate Strategy & Sustainability and Member of Management Board | 39 |
| Mr. Jamey Millar | Executive VP of US Operations & Member of Management Board | 57 |
| Ms. Hong Chow | Executive VP of Product & Portfolio Strategy and Member of Management Board | 54 |
Rischio Audit
2
Rischio CdA
5
Rischio Compensi
1
Rischio Diritti Azionisti
9
Parte 2 · Il prezzo e il momento d'ingresso
Questa parte non serve a capire se l'azienda vale: serve a scegliere quando comprarla, dopo che i fondamentali ti hanno convinto. Dentro: analisi tecnica, potenziale, drawdown storici, esposizione gamma.
Ultime Notizie
Ultime notizie per NVO, da Markets Gazette.
- 2d agoPOSITIVENovo Nordisk: Ozempic presenta rischio inferiore di eventi cardiovascolari rispetto a Mounjaro di Eli Lilly
Novo Nordisk's Ozempic has demonstrated a lower risk of cardiovascular events compared to Eli Lilly's Mounjaro in a real-world study involving adults with type 2 diabetes. The study, which utilized an increased dosage regimen, suggests a potential competitive advantage for Novo Nordisk's GLP-1 agonist in a key therapeutic area. This finding could bolster Ozempic's market position and potentially influence prescribing patterns, benefiting Novo Nordisk's revenue streams and investor outlook.
- 6d agoPOSITIVEAfter capital-markets day flop, Novo strikes licensing deal that sends a Swedish company’s stock soaring
Novo Nordisk has announced a significant licensing deal valued at over $1 billion, providing a much-needed boost following a recent capital-markets day that left investors uncertain about the company's future strategy. While details of the specific therapeutic areas or targets were not immediately disclosed, the substantial financial commitment signals a strategic move to expand its pipeline and potentially diversify its revenue streams beyond its core obesity and diabetes treatments. This development is likely to be viewed favorably by the market, offering a positive catalyst for Novo Nordisk's stock.
- 8d agoNEUTRALNovo vuole cambiare come Wall Street detiene le sue azioni: perché ora
Novo Nordisk is considering delisting its American Depositary Receipts (ADRs) in favor of a direct listing on a New York stock exchange. CEO Mike Doustdar believes this move could enhance visibility. However, this proposal surfaces amid investor concerns about increasing competition from Eli Lilly and questions surrounding the long-term growth strategy beyond its blockbuster diabetes drugs, Ozempic and Wegovy. While a US listing might improve market access, regaining investor confidence will likely require more than just a change in listing venue, especially given Novo Nordisk's significant reliance on the US market.
- 9d agoNEUTRALAD di Novo Nordisk valuta M&A e un futuro a pillole dopo la reazione del mercato
Novo Nordisk's CEO, Mike Doustdar, revealed the pharmaceutical giant is actively exploring mergers and acquisitions to address competitive gaps in the weight-loss drug market. This strategic move aims to bolster investor confidence following a challenging week. Doustdar indicated the company is identifying areas where external acquisition targets could offer superior products to internal development. The comments were made after a Capital Markets Day where Novo presented its turnaround plan, though investor conviction appears to be wavering. The focus on M&A signals a proactive approach to market positioning and pipeline expansion.
- 10d agoNEGATIVENovo Nordisk’s stock tumbles as doubts persist about Ozempic maker’s strategy
Novo Nordisk's stock experienced a significant decline as investor sentiment soured due to persistent doubts surrounding the company's strategic direction. Despite being renowned for its leading weight-loss and diabetes medications, the pharmaceutical giant failed to alleviate concerns, leading to a sell-off. The market's reaction suggests a lack of confidence in the company's future growth prospects or its ability to maintain its competitive edge in the evolving healthcare landscape. Investors are likely reassessing their positions, awaiting clearer strategic initiatives or stronger performance indicators.
via Markets Gazette