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Added to YB: 2026-01-07

Pitch date: 2025-12-03

NVO [bullish]

Novo Nordisk A/S

+20.21%

current return

Author Info

Alpha Talon Investment Research is a Hong Kong–based private family office deploying only proprietary capital across biotech, value turnarounds, and catalyst-driven shorts, focused on intrinsic value, regulatory odds, and mispriced fundamentals. 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 in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally.

Market Cap

DKK 1.5T

Pitch Price

DKK 304.80

Price Target

180.00 (-51%)

Dividend

3.36%

EV/EBITDA

9.64

P/E

14.86

EV/Sales

5.10

Sector

Pharmaceuticals

Category

growth

Show full summary:
Novo Nordisk: From Insulin Giant to Global Metabolic Infrastructure

NVO: facing unprecedented competition - Lilly advancing faster w/ superior next-gen efficacy; Pfizer's Metsera acquisition intensifies landscape. Bull case: oral GLP-1 unlock, $330B+ revenue, 84%+ gross margins, massive CapEx expansion creating multi-decade platform. Bear case: competitive displacement, manufacturing bottlenecks. DCF targets $165-180 base case. Execution-critical investment w/ asymmetric outcomes.

Read full article (22 min)