Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Full Access

See Pricing Start Trial

Novo Nordisk A/S (NOVC.DE)

Company Dividend Discount ModelIndustry: Medical - PharmaceuticalsSector: Healthcare

Valuation Snapshot

Stable Growth$1,620.59 - $4,215.70$3,950.73
Multi-Stage$606.41 - $663.45$634.41
Blended Fair Value$2,292.57
Current Price$681.33
Upside236.48%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS10.77%12.58%7.115.664.824.504.344.264.225.332.892.66
YoY Growth--25.55%17.60%6.94%3.67%1.90%1.08%-20.92%84.66%8.76%22.14%
Dividend Yield--1.04%1.04%1.29%2.06%2.10%2.46%2.83%4.45%1.63%1.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)94,721.00
(-) Cash Dividends Paid (M)44,140.00
(=) Cash Retained (M)50,581.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)18,944.2011,840.137,104.08
Cash Retained (M)50,581.0050,581.0050,581.00
(-) Cash Required (M)-18,944.20-11,840.13-7,104.08
(=) Excess Retained (M)31,636.8038,740.8843,476.93
(/) Shares Outstanding (M)4,468.454,468.454,468.45
(=) Excess Retained per Share7.088.679.73
LTM Dividend per Share9.889.889.88
(+) Excess Retained per Share7.088.679.73
(=) Adjusted Dividend16.9618.5519.61
WACC / Discount Rate6.60%6.60%6.60%
Growth Rate5.50%6.50%7.50%
Fair Value$1,620.59$3,950.73$4,215.70
Upside / Downside137.86%479.86%518.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)94,721.00100,877.87107,434.93114,418.20121,855.38129,775.98133,669.26
Payout Ratio46.60%55.28%63.96%72.64%81.32%90.00%92.50%
Projected Dividends (M)44,140.0055,765.3068,715.3983,113.3899,092.80116,798.38123,644.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.60%6.60%6.60%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)51,819.5352,310.7152,801.89
Year 2 PV (M)59,335.2760,465.4461,606.28
Year 3 PV (M)66,689.8068,604.2270,554.94
Year 4 PV (M)73,885.6376,727.0679,649.67
Year 5 PV (M)80,925.2784,834.0088,892.31
PV of Terminal Value (M)2,377,056.022,491,868.722,611,075.56
Equity Value (M)2,709,711.532,834,810.152,964,580.65
Shares Outstanding (M)4,468.454,468.454,468.45
Fair Value$606.41$634.41$663.45
Upside / Downside-11.00%-6.89%-2.62%

High-Yield Dividend Screener

« Prev Page 25 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
8952.TJapan Real Estate Investment Corporation5.59%$7,312.3570.16%
AEGN.ATAegean Airlines S.A.5.59%$0.8128.27%
KMDS.JKPT Kurniamitra Duta Sentosa, Tbk5.59%$38.0052.57%
RECLTD.BOREC Limited5.59%$21.3032.48%
2488.HKLaunch Tech Company Limited5.58%$0.4931.82%
ANIM3.SAAnima Holding S.A.5.58%$0.1844.03%
PROF-B.STProfilGruppen AB (publ)5.58%$6.6456.11%
SOL.AXWashington H. Soul Pattinson and Company Limited5.58%$2.0979.15%
1128.HKWynn Macau, Limited5.57%$0.3352.58%
1585.HKYadea Group Holdings Ltd.5.57%$0.6444.68%
SBOK.STScandBook Holding AB (publ)5.57%$2.7567.47%
003470.KSYuanta Securities Korea Co., Ltd.5.56%$203.1264.57%
AEDAS.MCAedas Homes, S.A.5.56%$1.3344.89%
DTL.AXData#3 Limited5.56%$0.5085.44%
IMAS.JKPT Indomobil Sukses Internasional Tbk5.56%$63.4361.82%
SFQ.DESAF-Holland SE5.56%$0.8475.48%
058430.KSPOSCO STEELEON Co., Ltd.5.55%$2,160.0746.25%
2192.HKMedlive Technology Co., Ltd.5.55%$0.5565.76%
8968.TFukuoka REIT Corporation5.55%$10,438.6663.61%
CY6U.SICapitaLand India Trust5.55%$0.0723.56%
INLIF.ATInterlife General Insurance Company S.A.5.55%$0.3626.26%
0A0C.LStadler Rail AG5.54%$1.0971.26%
1289.HKWuxi Sunlit Science and Technology Company Limited5.54%$0.1622.04%
2686.HKAAG Energy Holdings Limited5.54%$0.1029.66%
SNK.WASanok Rubber Company Spólka Akcyjna5.54%$1.1993.14%
0IZM.LABG Sundal Collier Holding ASA5.53%$0.4584.38%
600681.SSBestsun Energy Co., Ltd.5.53%$0.2495.34%
605009.SSHangzhou Haoyue Personal Care Co., Ltd5.53%$1.7190.38%
KSB3.DEKSB SE & Co. KGaA5.53%$52.7634.72%
000581.SZWeifu High-Technology Group Co., Ltd.5.52%$1.1471.66%
0QO1.LSchindler Holding AG5.52%$10.9983.82%
1061.HKEssex Bio-Technology Limited5.52%$0.2120.70%
HGSB.OLHaugesund Sparebank5.52%$8.8625.30%
603408.SSRunner (Xiamen) Corp.5.51%$0.7576.83%
PERR.PAGérard Perrier Industrie S.A.5.51%$4.6047.56%
009180.KSHansol Logistics Co., Ltd.5.50%$149.8936.63%
601339.SSBros Eastern.,Ltd5.50%$0.3287.29%
9905.TWGreat China Metal Ind. Co., Ltd.5.50%$1.0975.18%
FIQE3.SAUnifique Telecomunicações S.A.5.50%$0.2748.37%
M-STOR.BKMFC-Strategic Storage Fund5.50%$0.4482.25%
SYNTEC.BKSyntec Construction Public Company Limited5.50%$0.0924.68%
TPAC.BKThai Plaspac Public Company Limited5.50%$0.4536.96%
WIK.WAWikana S.A.5.50%$0.4079.03%
600713.SSNanJing Pharmaceutical Company Limited5.49%$0.3078.15%
ATIC.JKPT Anabatic Technologies Tbk5.49%$35.4144.79%
000672.SZGansu Shangfeng Cement Co.,Ltd5.48%$0.7191.94%
069260.KSTKG Huchems Co.,Ltd.5.47%$998.9065.46%
NCK.AXNick Scali Limited5.47%$1.2979.89%
000270.KSKia Corporation5.46%$6,584.2832.69%
002014.SZHuangshan Novel Co.,Ltd5.46%$0.6584.41%