Company comparison

Novo vs Novartis

Novo Nordisk A/S

NVO · NYSE

$38.12

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Novartis AG

NOVN · SIX

CHF 122.66

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In short

Novo Nordisk A/S and Novartis AG are both in Pharmaceuticals. ET&A currently rates Novo Nordisk A/S Buy and Novartis AG Accumulate. Against ET&A's Fair Value, Novo Nordisk A/S's share price currently looks better value — it sits further below what we think it is worth. Their investment styles differ (Quality/Growth/Value and Quality/Growth/Income), so they may suit different goals.

ET&A ViewBuyET&A sees significant upside from the current price with an attractive risk/reward profile.AccumulateET&A likes the company but would prefer investors to build exposure gradually.
ET&A Score8.48.4
Fair ValueMembersMembers
12M Price TargetMembersMembers
Preferred EntryMembersMembers
Expected 12M Total ReturnMembersMembers
Is it expensive?MembersMembers
Business HealthMostly healthyMostly healthy

Fair Value is what ET&A estimates each company is worth today; the 12M Price Target is what we think it should be worth in about twelve months; Preferred Entry is the price range where the expected return becomes attractive enough for the risk. Expected returns are measured from the price at each valuation date. This tool shows the differences and trade-offs — it does not pick a winner. See membership

Investor View

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Our view on eachOur reasoning, what could drive each higher and what could go wrong.
Insight

The complete ET&A view

See our full reasoning, what could drive the shares higher or go wrong, our Fair Value and Preferred Entry, and how our view has changed.

  • Our View in full
  • What could drive it higher / go wrong
  • Fair Value & Preferred Entry
  • How our view has changed
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Price against valueWhere each price sits between its Preferred Entry and Fair Value.
Insight

Fair Value & Preferred Entry

See what ET&A thinks each company is worth, the price range where we'd be happy to buy, and whether today's price looks cheap or expensive.

Explore Insight →Included with Insight
Business Health, area by areaEach area's rating on ET&A's scales, side by side.
Revenue——
EarningsWeakBelow Average
MarginsExcellentExcellent
Cash generation——
Balance sheetStrongGood
DividendStrongGood

The figures behind each rating are on each company’s page.

Who each suitsInvestment style and the goals each fits.
Investment styleQuality/Growth/ValueQuality/Growth/Income
Capital Preservation——
Income✓✓
Balanced✓✓
Growth✓✓
Aggressive Growth——
Related ET&A research6 articles mentioning these companies.
Research ViewOpen the full researchValuation multiples and the reported financial figures, side by side.

For detailed analysis. Each section opens on its own.

Valuation multiplesP/E, EV/EBITDA, Price/Sales and other multiples.
P/E RatioMembersMembers
Forward P/EMembersMembers
EV / EBITDAMembersMembers
Price / SalesMembersMembers
Price / BookMembersMembers
Dividend yieldMembersMembers
Financial figuresSize, returns and financial strength, as reported.
Scale & returns
Market CapDKK 168.23B$233.14B
RevenueDKK 329.43B$56.69B
EBITDADKK 173.68B$23.10B
EPSDKK 4.09$5.25
Forward EPSDKK 3.31$8.20
Dividend yield4.72%3.10%
Annual dividendDKK 11.70$4.67
Financial strength
Net Debt / (Cash)DKK 95.14B$41.40B
Shares Outstanding3.34B1.90B

Values are shown in each company’s listing currency. “—” means the figure isn’t available.