Novo Nordisk A/S

LSE:0QIU Stock Report

Market Cap: DKK 3.4t

Novo Nordisk Valuation

Is 0QIU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0QIU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0QIU (DKK771.6) is trading below our estimate of fair value (DKK1134.2)

Significantly Below Fair Value: 0QIU is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QIU?

Key metric: As 0QIU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QIU. This is calculated by dividing 0QIU's market cap by their current earnings.
What is 0QIU's PE Ratio?
PE Ratio36x
EarningsDKK 94.72b
Market CapDKK 3.41t

Price to Earnings Ratio vs Peers

How does 0QIU's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QIU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.6x
AZN AstraZeneca
31.4x18.2%UK£160.5b
GSK GSK
21.7x23.2%UK£54.4b
HIK Hikma Pharmaceuticals
19x12.2%UK£4.3b
LLY Eli Lilly
82.3x29.8%US$701.1b
0QIU Novo Nordisk
36x14.3%DKK 3.4t

Price-To-Earnings vs Peers: 0QIU is good value based on its Price-To-Earnings Ratio (36x) compared to the peer average (38.6x).

Price to Earnings Ratio vs Industry

How does 0QIU's PE Ratio compare vs other companies in the European Pharmaceuticals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0QIU 36.0xIndustry Avg. 19.5xNo. of Companies11PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QIU is expensive based on its Price-To-Earnings Ratio (36x) compared to the European Pharmaceuticals industry average (19.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0QIU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0QIU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36x
Fair PE Ratio42.2x

Price-To-Earnings vs Fair Ratio: 0QIU is good value based on its Price-To-Earnings Ratio (36x) compared to the estimated Fair Price-To-Earnings Ratio (42.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0QIU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentDKK 773.60
DKK 944.92
+22.1%
20.3%DKK 1,150.00DKK 560.00n/a24
Dec ’25DKK 746.60
DKK 938.04
+25.6%
20.3%DKK 1,150.00DKK 560.00n/a24
Nov ’25DKK 770.05
DKK 944.58
+22.7%
20.4%DKK 1,150.00DKK 560.00n/a24
Oct ’25DKK 798.20
DKK 950.04
+19.0%
20.3%DKK 1,150.00DKK 560.00n/a25
Sep ’25DKK 932.81
DKK 950.81
+1.9%
20.1%DKK 1,200.00DKK 560.00n/a26
Aug ’25DKK 915.80
DKK 965.65
+5.4%
18.7%DKK 1,200.00DKK 560.00n/a26
Jul ’25DKK 999.71
DKK 952.15
-4.8%
18.3%DKK 1,200.00DKK 560.00n/a26
Jun ’25DKK 921.40
DKK 917.31
-0.4%
18.5%DKK 1,120.00DKK 530.00n/a26
May ’25DKK 873.40
DKK 904.20
+3.5%
19.4%DKK 1,120.00DKK 530.00n/a25
Apr ’25DKK 881.30
DKK 894.24
+1.5%
19.6%DKK 1,120.00DKK 530.00n/a25
Mar ’25DKK 850.99
DKK 820.08
-3.6%
16.8%DKK 980.00DKK 530.00n/a24
Feb ’25DKK 783.72
DKK 770.90
-1.6%
18.5%DKK 980.00DKK 450.00n/a23
Jan ’25DKK 698.10
DKK 720.74
+3.2%
20.4%DKK 875.00DKK 360.00n/a23
Dec ’24DKK 698.70
DKK 711.35
+1.8%
20.2%DKK 875.00DKK 360.00DKK 746.6023
Nov ’24DKK 687.70
DKK 683.48
-0.6%
21.1%DKK 825.00DKK 360.00DKK 770.0522
Oct ’24DKK 651.28
DKK 648.75
-0.4%
19.7%DKK 810.00DKK 360.00DKK 798.2022
Sep ’24DKK 644.80
DKK 618.30
-4.1%
18.1%DKK 775.00DKK 360.00DKK 932.8122
Aug ’24DKK 543.60
DKK 583.13
+7.3%
15.8%DKK 725.00DKK 360.00DKK 915.8023
Jul ’24DKK 550.96
DKK 579.06
+5.1%
16.2%DKK 725.00DKK 360.00DKK 999.7122
Jun ’24DKK 549.30
DKK 574.51
+4.6%
16.8%DKK 725.00DKK 360.00DKK 921.4022
May ’24DKK 564.86
DKK 559.05
-1.0%
19.5%DKK 725.00DKK 340.00DKK 873.4022
Apr ’24DKK 542.90
DKK 510.61
-5.9%
18.6%DKK 620.00DKK 340.00DKK 881.3022
Mar ’24DKK 499.22
DKK 489.63
-1.9%
17.0%DKK 610.00DKK 340.00DKK 850.9923
Feb ’24DKK 471.20
DKK 475.37
+0.9%
18.3%DKK 600.00DKK 270.00DKK 783.7223
Jan ’24DKK 469.28
DKK 449.57
-4.2%
15.4%DKK 542.50DKK 270.00DKK 698.1023
Dec ’23DKK 446.79
DKK 436.25
-2.4%
15.9%DKK 542.50DKK 270.00DKK 698.7024

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 04:15
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Novo Nordisk A/S is covered by 71 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Kamla SinghAlphaValue
Gerhard SchwarzBaader Helvea Equity Research