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NOVO NORDISK A/S (NVO)

割安
HealthcareDrug Manufacturers - GeneralDenmark

ファンダメンタル

64

株価

$250.00

時価総額

$1.12T

パート1 · 企業の価値

概要

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.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users

P/E: 38.8Score: 74Market cap: $1.11T

Lilly's tirzepatide (Mounjaro, Zepbound) competes head-to-head with Novo Nordisk's semaglutide (Ozempic, Wegovy) for the same diabetes and obesity patients, and the two also compete in insulin and growth hormone.

P/E: 26.2Score: 74Market cap: $219.52B

Amgen is advancing the monthly obesity drug MariTide, positioned to take share of the same weight-management market that generates most of Novo Nordisk's growth.

P/E: 37.5Score: 72Market cap: $163.69B

Pfizer competes with Novo Nordisk in growth hormone (Genotropin, Ngenla) and haemophilia (Hympavzi), and has bought its way into the obesity field where Novo Nordisk earns most of its revenue.

Sanofi S.A.SAN

Sanofi is the third of the three manufacturers that together supply over 90% of the world's insulin by value, selling glargine and other insulins to the same diabetes patients and payers as Novo Nordisk.

Boehringer Ingelheim International GmbHNot tracked

The privately held German group sells the diabetes drug Jardiance and is developing the obesity candidate survodutide, aiming at the same metabolic-disease prescribers Novo Nordisk serves.

Roche Holding AGROG

Roche has built an obesity pipeline of oral and injectable incretin candidates intended for the same weight-management patients Wegovy treats today.

貸借対照表と流動性

売上高

$329.43B

直近12か月(2026/6/30まで)

純利益

$116.44B

直近12か月(2026/6/30まで)

フリーキャッシュフロー

$37.67B

自己資本合計

$167.06B

負債合計

$140.13B

流動比率

0.87

利払い倍率

-

負債/EBITDA

0.81

一株当たり利益(EPS)

売上高と純利益

フリーキャッシュフロー

収益内訳

財務推移表

利益率の推移

負債の推移

負債の重さ

成長率グリッド

成長率 — 売上高

適正価値の推定

一般的なケース割安

適正価値

$408.75

現在株価

$250.00

安全マージン

+38.8%

適正価値レンジ

$265.69 - $551.82

使用した評価手法間のばらつきであり、統計的に較正された信頼区間ではありません。

推定方法

アナリストの目標株価:$307.56
ディスカウンテッド・キャッシュフロー(DCF):$217.89
利益倍率(P/E):$302.04
グレアムの成長公式:$1151.28
収益力価値(EPV):$168.95
正当化されたP/B:$219.38
配当割引モデル(ゴードン):$110.45
P/FFO(運用から生まれる資金):算出に必要なデータが不足しています
中間サイクル利益:算出に必要なデータが不足しています
売上高倍率:$292.60
アナリスト・コンセンサス:保有 (11B / 22H / 3S)
直近の決算サプライズ:-5.65%

バリュエーション指標

P/E レシオ

9.64

ROE

59.8%

P/B レシオ

5.06

P/FCF

22.45

粗利益率

82.0%

ROIC

36.0%

収益性レーダー

価値創造(経済的モート)

ROIC

36.0%

WACC

13.3%

ROIC − WACC

+22.7 pp

ROICが資本コストを上回っています。企業は株主のために価値を創出しています。

ファンダメンタル分析基準

合格(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

不合格(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

データなし(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-スコア

2/9

重大な財務上の懸念

score
criteria

利益の質

1.29

高品質:利益はキャッシュに裏付けられている

株式希薄化

-

株式を買い戻している。株主に友好的

機関投資家の保有

ガバナンス

経営陣

氏名役職年齢
Mr. Karsten Munk KnudsenExecutive VP, CFO & Member of the Management Board54
Mr. Maziar Mike Doustdar B.A.President, CEO & Member of the Management Board55
Dr. Martin Holst LangeEVP of R&D, Chief Scientific Officer and Member of the Management Board55
Ms. Tania SabroeEVP of People, Organisation and Corporate Affairs & Member of Management Board48
Ms. Thilde Hummel BogebjergExecutive VP of Enterprise IT & Quality and Member of Management Board43
Mr. John F. KuckelmanSVP, Group General Counsel, Global Legal, IP & Security and Member of Management Board53
Mr. Emil Kongshoej LarsenEVP of International Operations & Member of Management Board50
Ms. Elin JagerSVP, Chief of Staff to CEO, Corporate Strategy & Sustainability and Member of Management Board39
Mr. Jamey MillarExecutive VP of US Operations & Member of Management Board57
Ms. Hong ChowExecutive VP of Product & Portfolio Strategy and Member of Management Board54

監査リスク

2

取締役会リスク

5

報酬リスク

1

株主権利リスク

9

パート2 · 株価と買い時

この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容:テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。

Latest News

Recent headlines for NVO, sourced from Markets Gazette.

  • 3d agoPOSITIVE
    Novo 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.

  • 7d agoPOSITIVE
    After 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.

  • 9d agoNEUTRAL
    Novo 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 agoNEUTRAL
    AD 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 agoNEGATIVE
    Novo 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