{"id":"NOVO-B.CO-20260801","symbol":"NOVO-B.CO","date":"2026-08-01","facts":{"symbol":"NOVO-B.CO","name":"Novo Nordisk A/S","sector":"Healthcare","industry":"Drug Manufacturers - General","country":"Denmark","summary":"Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products. It operates through two segments, Obesity and Diabetes Care, and Rare Disease. The Obesity and Diabetes care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides NovoPen 6 and NovoPen Echo Plus, smart insulin pens; Dose Check, an insulin dose guidance application; growth hormone pens and injection needles; and Wegovy pill an oral glucagon-like peptide-1 (GLP-1) receptor agonist therapy for weight management. It operates in Europe, Canada, the United States, Japan, Korea, Oceania, Southeast Asia, Mainland China, Hong Kong and Taiwan, Latin America, the Middle East, and Africa. Novo Nordisk A/S was founded in 1923 and is headquartered in Bagsvaerd, Denmark.","tradeCcy":"DKK","finCcy":"DKK","isPence":false,"price":306.5,"priceMajor":306.5,"mcap":1355311087616,"shares":3347023520,"ev":1486395539456,"beta":0.36,"high52":409.95,"low52":224.25,"drawdown":-0.25234784729845106,"ret6m":0.07299142307019091,"ret12m":-0.007030161661321199,"trailingPE":11.1861315,"forwardPE":14.271247,"priceToBook":6.705463,"dividendYield":0.0481,"revenueTTM":327799996416,"ebitda":173876002816,"grossMargin":0.83195996,"opMargin":0.61574,"profitMargin":0.37205002,"roe":0.71402,"revGrowthTTM":0.24,"ocfTTM":118456000512,"fcfTTM":-12039249920,"totalCash":21625999360,"totalDebt":146381996032,"netDebt":124755996672,"est":{"rev0y":294054511860,"eps0y":21.01198,"rev1y":300121979390,"eps1y":21.47675,"growth1y":0.0221,"target":317.20166,"nAnalysts":24,"rec":"hold"},"hist":{"years":["2022","2023","2024","2025"],"revenue":[176954000000,232261000000,290403000000,309064000000],"netIncome":[55525000000,83683000000,100988000000,102434000000],"fcf":[64134000000,70012000000,69659000000,28989000000],"ocf":[78887000000,108908000000,120968000000,119102000000],"opIncome":[74809000000,102574000000,128339000000,127658000000],"eps":[12.22,18.62,22.63,23.03],"equity":[83486000000,106561000000,143486000000,194047000000],"revCAGR3":0.2042851902310494,"revCAGRLong":null,"lossYears":0,"fcfMarginMedian":null},"provenance":{"primary":"Yahoo Finance","secondary":null,"depthYears":4,"validation":{"status":"enkeltkilde (ingen fri officiel kilde for 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af 2 kandidater: historisk median-FCF (3 år) = 69,7 mia. DKK; konsensus-nettoresultat i år × 0,66 (cash-konvertering, cyklikalitetsjusteret) = 46,5 mia. DKK","scenarios":{"bear":{"perShare":143.15,"tvShare":0.51,"g1":-0.003,"gT":0.02,"wacc":0.09,"fcfMult":0.79,"prob":0.25},"base":{"perShare":382.44,"tvShare":0.61,"g1":0.087,"gT":0.025,"wacc":0.08,"fcfMult":1,"prob":0.5},"bull":{"perShare":762.9,"tvShare":0.7,"g1":0.159,"gT":0.03,"wacc":0.073,"fcfMult":1.1,"prob":0.25}},"probs":{"bear":0.25,"base":0.5,"bull":0.25},"weighted":417.73,"upside":0.363,"impliedG1":0.039,"sensitivity":{"waccLabels":["-2 pp","-1 pp","8,0 %","+1 pp","+2 pp"],"rows":[{"label":"34,9 mia. DKK","cells":[363,272,215,175,145]},{"label":"46,5 mia. DKK","cells":[497,375,298,245,206]},{"label":"58,1 mia. DKK","cells":[630,479,382,316,267]},{"label":"72,6 mia. DKK","cells":[797,608,487,404,343]},{"label":"87,1 mia. DKK","cells":[964,737,592,493,420]}]},"assumptions":["FCF-anker: 58,1 mia. DKK (median af 2 kandidater: historisk median-FCF (3 år) = 69,7 mia. DKK; konsensus-nettoresultat i år × 0,66 (cash-konvertering, cyklikalitetsjusteret) = 46,5 mia. DKK).","Startvækst (base) 8,7 %: blandning af konsensus (2,1 %), historisk 3-års CAGR (20,4 %) og universets median (7,6 %), fadet lineært til terminal over 10 år.","WACC (base) 8,0 %: 8 % + betajustering (beta 0.36)."]},"verdict":{"label":"ATTRAKTIV","tone":"bull","body":"Sandsynlighedsvægtet fair value ligger 36,3 % over kursen. Modellen ser en reel sikkerhedsmargin."},"nar":{"bull":["Høj driftsmargin på 61,6 %","Høj ROE på 71,4 %","Stærk omsætningsvækst på 24,0 %","Lav forward PE på 14,3x","Høj upside til fair value på 36,3 %"],"bear":["Lavt afkast over 12 måneder på -0,7 %","Fald fra 52-uger top på -25,2 %","Negativt fcf-yield på -0,9 %","Kursen indregner lav startvækst på 3,9 %","Lav anbefaling fra konsensus på 'hold'"],"risks":["Cykliskalitet på 0,25","Lavt antal analytikere på 24","Høj WACC på 8,0 %"],"catalysts":["Øget omsætningsvækst","Forbedret driftsmargin"],"oneLiner":"Novo Nordisk A/S har en stærk forretning med høj driftsmargin og omsætningsvækst, men kursen er allerede høj og indregner lav 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signal på dag t's lukkekurs handles til dag t+1's lukkekurs.","costs":"15 bp pr. side (kommission 5 + halvt spread 5 + slippage 5). Følsomhed vist i train/test.","engine":"Identisk semantik som quant/engine.py, som er valideret med look-ahead-guard, omkostnings- og flad-position-tests.","caveats":["Enkelt-aktiv-backtest er betinget af, at selskabet overlevede og forblev børsnoteret (survivorship).","To testede hypoteser på ét aktiv er hypotesetest, ikke en investeringsstrategi — datamining-risiko.","Train/test-splittet (70/30) afslører regler, der kun virkede historisk in-sample.","Udbyttejusterede lukkekurser er en tilnærmelse til total return; intradag-kurser og corporate actions kan afvige.","Ingen point-in-time-universer i frie datakilder — porteføljetests på tværs af aktier ville kræve licenseret data."]}},"engine":"v2"}