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Added to YB: 2026-03-10

Pitch date: 2026-03-07

NVO [neutral]

Novo Nordisk A/S

+0.65%

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 1.1T

Pitch Price

DKK 245.40

Price Target

74.00 (-70%)

Dividend

4.72%

EV/EBITDA

7.78

P/E

10.76

EV/Sales

3.90

Sector

Pharmaceuticals

Category

value

Show full summary:
Novo Nordisk (NVO): Updated DCF Valuation

NVO (update): DCF revised down to DKK476/$74 (from $99) after 2026 trough: -9% rev decline, 42% EBIT margin, 7% WACC, 2% terminal growth. Stock at DKK248/$38.5 implies bear case (-13% rev, 36% margin, 8% WACC). Base case: 48% margin of safety, +92% upside. Deeply undervalued.

Read full article (10 min)