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Novo Nordisk A/S
LSE:0QIU

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Novo Nordisk A/S
LSE:0QIU
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Price: 261 DKK 6.12% Market Closed
Market Cap: kr6.2B

EV/EBITDA

8.4
Current
64%
Cheaper
vs 3-y average of 23.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.4
=
Enterprise Value
kr1.2T
/
EBITDA
kr149.6B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
8.4
=
Enterprise Value
kr1.2T
/
EBITDA
kr149.6B

Valuation Scenarios

Novo Nordisk A/S is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (23.3), the stock would be worth kr727.39 (179% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+179%
Average Upside
99%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.4 kr261
0%
3-Year Average 23.3 kr727.39
+179%
5-Year Average 21.4 kr666.33
+155%
Industry Average 11.6 kr360.16
+38%
Country Average 10.3 kr320.86
+23%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
kr1.2T
/
Jan 2026
kr149.6B
=
8.4
Current
kr1.2T
/
Dec 2026
kr143B
=
8.1
Forward
kr1.2T
/
Dec 2027
kr146B
=
7.9
Forward
kr1.2T
/
Dec 2028
kr157.8B
=
7.3
Forward
kr1.2T
/
Dec 2029
kr174.4B
=
6.6
Forward
kr1.2T
/
Dec 2030
kr194.3B
=
5.9
Forward
kr1.2T
/
Dec 2031
kr228.1B
=
5.1
Forward
kr1.2T
/
Dec 2032
kr221.6B
=
5.2
Forward
kr1.2T
/
Dec 2033
kr174.2B
=
6.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
DK
Novo Nordisk A/S
LSE:0QIU
1.1T DKK 8.4 11.4
US
Eli Lilly and Co
NYSE:LLY
835.2B USD 27.4 40.5
US
Johnson & Johnson
NYSE:JNJ
547.8B USD 16.7 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 11.9 20.1
UK
AstraZeneca PLC
LSE:AZN
216.4B GBP 15.6 28
CH
Novartis AG
SIX:NOVN
223.1B CHF 12.1 19.5
US
Merck & Co Inc
NYSE:MRK
276.9B USD 9.5 15.2
IE
Endo International PLC
LSE:0Y5F
244.4B USD 386.8 -83.6
US
Pfizer Inc
NYSE:PFE
153.5B USD 7.6 19.8
US
Bristol-Myers Squibb Co
NYSE:BMY
118.2B USD 7.2 16.8
FR
Sanofi SA
PAR:SAN
97.1B EUR 6.5 7.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DK
Novo Nordisk A/S
LSE:0QIU
Average EV/EBITDA: 46.3
8.4
2%
4.2
US
Eli Lilly and Co
NYSE:LLY
27.4
21%
1.3
US
Johnson & Johnson
NYSE:JNJ
16.7
8%
2.1
CH
Roche Holding AG
SIX:ROG
11.9
6%
2
UK
AstraZeneca PLC
LSE:AZN
15.6
12%
1.3
CH
Novartis AG
SIX:NOVN
12.1
5%
2.4
US
Merck & Co Inc
NYSE:MRK
9.5
4%
2.4
IE
E
Endo International PLC
LSE:0Y5F
386.8
N/A N/A
US
Pfizer Inc
NYSE:PFE
7.6
-8%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
7.2
-9%
N/A
FR
Sanofi SA
PAR:SAN
6.5
21%
0.3
P/E Multiple
Earnings Growth PEG
DK
Novo Nordisk A/S
LSE:0QIU
Average P/E: 20.5
11.4
0%
N/A
US
Eli Lilly and Co
NYSE:LLY
40.5
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
26
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
28
25%
1.1
CH
Novartis AG
SIX:NOVN
19.5
14%
1.4
US
Merck & Co Inc
NYSE:MRK
15.2
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
US
Pfizer Inc
NYSE:PFE
19.8
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.8
16%
1
FR
Sanofi SA
PAR:SAN
7.9
16%
0.5

Market Distribution

Lower than 100% of companies in Denmark
Percentile
0th
Based on 396 companies
0th percentile
0.4
Low
0.6 — 5.1
Typical Range
5.1 — 16.4
High
16.4 —
Distribution Statistics
Denmark
Min 0.6
30th Percentile 5.1
Median 10.3
70th Percentile 16.4
Max 10 882.4

Novo Nordisk A/S
Glance View

In the heart of Denmark, Novo Nordisk A/S stands as a beacon of innovation in the pharmaceutical industry, tracing its roots back to the early 20th century when it began as a small insulin-producing laboratory. This company, now a global heavyweight, is renowned for its dedication to diabetes care, a commitment that has driven its meteoric rise. Novo Nordisk's operations are deeply entrenched in the discovery, development, and production of medicines aimed at treating chronic diseases such as diabetes, obesity, and rare blood and endocrine disorders. Their prowess in biotechnology is not only evident in their diverse product portfolio but also in their relentless pursuit of new therapeutics through cutting-edge research and development, underscoring their mantra of improving the quality of life for millions across the globe. At its core, Novo Nordisk's business model is a sophisticated blend of patient-centric innovation and strategic market outreach. Sales of insulin and GLP-1 receptor agonists form the backbone of their revenue, targeting a growing global demographic faced with diabetes and related metabolic conditions. Their manufacturing process is a finely-tuned system that transforms complex scientific discoveries into tangible, effective treatments. Through strategic pricing, partnerships, and expansion in both mature and emerging markets, Novo Nordisk skillfully maneuvers the intricate web of global healthcare demands. By leveraging a robust pipeline of new drugs and improving access to existing therapies, the company not only secures its financial health but also ensures that its impact on healthcare remains profound and far-reaching.

0QIU Intrinsic Value
488.32 DKK
Undervaluation 47%
Intrinsic Value
Price kr261
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