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Added to YB: 2025-11-17

Pitch date: 2025-11-14

NVO [bullish]

Novo Nordisk A/S

-1.49%

current return

Author Info

HatedMoats identifies hated moats. I buy companies when the market panics. Contrarian investor focused on quality, value & long-term growth. Sign up for the newsletter.

Company Info

Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products.

Market Cap

DKK 1.4T

Pitch Price

DKK 312.05

Price Target

N/A

Dividend

3.76%

EV/EBITDA

9.60

P/E

13.52

EV/Sales

4.81

Sector

Pharmaceuticals

Category

value

Show full summary:
Novo Nordisk: Q3 Review & How is the company actually doing this year?

NVO (earnings): Strong 15% CER sales growth to DKK 230B driven by GLP-1 demand, but margins hit by DKK 9B restructuring charges in Q3. Ex-restructuring, EBIT +21% CER. Wegovy +54% CER, obesity 59% market share. New CEO kitchen-sinking 2025 to reset 2026 expectations lower. Pipeline expanding with oral semaglutide, MASH approval. Risks: US compounding, Lilly competition, capacity constraints. Undervalued moat remains intact.

Read full article (7 min)