NVO

Novo Nordisk A/S

48
Fundamentals55/ 100
Valuation50/ 100
Upside potential58/ 100
Risk potential26/ 100

NVO's fundamentals are mixed: it turned 15% of its revenue into free cash flow, but its operating margin fell 3 points to 43%. Its PE isn't a useful guide right now because of how its recent earnings were reported.

OPEN

Opendoor Technologies Inc.

There isn't enough reported data to score OPEN yet.

NVO Fundamentals

MetricStatus
Healthy
Strong
Stable
Healthy

NVO's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.

OPEN Fundamentals

MetricStatus
Under pressure
Weak
N/A
N/A

OPEN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like OPEN.

NVO PE Valuation

CHEAPFAIREXPENSIVE14x28x42x56x
CHEAPFAIREXPENSIVE14x28x42x56x
LevelPEPriceVs current
Current10x$40.65โ€”
Cheap14x$53.56+32%
Fair27x$103+154%
Expensive39x$152+273%

Historical ranges are pointers, not guarantees.

NVO's PE is 10x, but its earnings don't support one, so it isn't a reliable read right now.

OPEN PE Valuation

OPEN has no meaningful PE right now: it lost money over the past year.

NVO Forward outlook

MetricOutlook
--
Stable
Growth
Weakening
Limited
Low

Analysts expect NVO's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.

OPEN Forward outlook

MetricOutlook
--
Losses growing
Strong growth
Strongly improving
Limited
Low

Analysts expect OPEN's losses to grow, with revenue growing. However, they disagree widely on these estimates.

NVO Risk to reward

ScenarioChangePrice
Upside+36%$55.48
Downside-26%$29.89

Calculated from the latest close: $40.65 on Nov 12.

There is not enough scenario data to compare NVO and OPEN's risk to reward.

OPEN Risk to reward

ScenarioChangePrice
UpsideUnknownโ€”
DownsideUnknownโ€”

Calculated from the latest close: $1.24 on Nov 12.

There is not enough scenario data to compare NVO and OPEN's risk to reward.

NVO Earnings Per Share

Q3 2023: $2.48Q4 2023: $2.77Q1 2024: $2.96Q2 2024: $2.98Q3 2024: $3.15Q4 2024: $3.36Q1 2025: $3.49Q2 2025: $3.71Q3 2025: $3.47Q4 2025: $3.42Q1 2026: $4.07Q2 2026: $3.89
Q3 2023: $2.48Q4 2023: $2.77Q1 2024: $2.96Q2 2024: $2.98Q3 2024: $3.15Q4 2024: $3.36Q1 2025: $3.49Q2 2025: $3.71Q3 2025: $3.47Q4 2025: $3.42Q1 2026: $4.07Q2 2026: $3.89
QuarterTTM EPSYoY
Q2 2026$3.89+4.9%
Q1 2026$4.07+17%
Q4 2025$3.42+1.8%
Q3 2025$3.47+10%
Q2 2025$3.71+24%
Q1 2025$3.49+18%
Q4 2024$3.36+21%
Q3 2024$3.15+27%

NVO has the edge over OPEN on earnings quality, reporting a profit while its opponent remains loss making.

OPEN Earnings Per Share

Q4 2023: $-0.42Q1 2024: $-0.42Q2 2024: $-0.58Q3 2024: $-0.53Q4 2024: $-0.56Q1 2025: $-0.52Q2 2025: $-0.43Q3 2025: $-0.44Q4 2025: $-1.70Q1 2026: $-1.76Q2 2026: $-1.89Q3 2026: $-2.00
Q4 2023: $-0.42Q1 2024: $-0.42Q2 2024: $-0.58Q3 2024: $-0.53Q4 2024: $-0.56Q1 2025: $-0.52Q2 2025: $-0.43Q3 2025: $-0.44Q4 2025: $-1.70Q1 2026: $-1.76Q2 2026: $-1.89Q3 2026: $-2.00
QuarterTTM EPSYoY
Q3 2026-$2.00-$1.56
Q2 2026-$1.89-$1.46
Q1 2026-$1.76-$1.24
Q4 2025-$1.70-$1.14
Q3 2025-$0.44+$0.09
Q2 2025-$0.43+$0.15
Q1 2025-$0.52-$0.10
Q4 2024-$0.56-$0.14

OPEN lost $2.00 per share over the past year, and its loss has widened in each of the last five quarters.

NVO Quarterly Revenue

Q3 2023: $8.7BQ4 2023: $9.8BQ1 2024: $9.7BQ2 2024: $10.1BQ3 2024: $10.6BQ4 2024: $12.7BQ1 2025: $11.6BQ2 2025: $11.4BQ3 2025: $11.1BQ4 2025: $11.8BQ1 2026: $14.4BQ2 2026: $11.7B
Q3 2023: $8.7BQ4 2023: $9.8BQ1 2024: $9.7BQ2 2024: $10.1BQ3 2024: $10.6BQ4 2024: $12.7BQ1 2025: $11.6BQ2 2025: $11.4BQ3 2025: $11.1BQ4 2025: $11.8BQ1 2026: $14.4BQ2 2026: $11.7B
QuarterRevenueYoY
Q2 2026$11.7B+2.1%
Q1 2026$14.4B+24%
Q4 2025$11.8B-7.6%
Q3 2025$11.1B+5.1%
Q2 2025$11.4B+13%
Q1 2025$11.6B+19%
Q4 2024$12.7B+30%
Q3 2024$10.6B+21%

NVO has the edge over OPEN on sales, with more consistent year-over-year improvement.

OPEN Quarterly Revenue

Q4 2023: $870MQ1 2024: $1.2BQ2 2024: $1.5BQ3 2024: $1.4BQ4 2024: $1.1BQ1 2025: $1.2BQ2 2025: $1.6BQ3 2025: $915MQ4 2025: $736MQ1 2026: $720MQ2 2026: $883MQ3 2026: $1B
Q4 2023: $870MQ1 2024: $1.2BQ2 2024: $1.5BQ3 2024: $1.4BQ4 2024: $1.1BQ1 2025: $1.2BQ2 2025: $1.6BQ3 2025: $915MQ4 2025: $736MQ1 2026: $720MQ2 2026: $883MQ3 2026: $1B
QuarterRevenueYoY
Q3 2026$1B+12%
Q2 2026$883M-44%
Q1 2026$720M-38%
Q4 2025$736M-32%
Q3 2025$915M-34%
Q2 2025$1.6B+3.7%
Q1 2025$1.2B-2.4%
Q4 2024$1.1B+25%

OPEN's revenue is recovering but still below its 2022 peak: $1B last quarter, up 12% from the same quarter a year ago.

NVO Free Cash Flow

Q3 2023: $4.5BQ4 2023: โˆ’$1BQ1 2024: $788MQ2 2024: $5.5BQ3 2024: $4.7BQ4 2024: โˆ’$633MQ1 2025: $1.5BQ2 2025: $3.6BQ3 2025: $4.6BQ4 2025: โˆ’$5.4BQ1 2026: $1.8BQ2 2026: $6.3B
Q3 2023: $4.5BQ4 2023: โˆ’$1BQ1 2024: $788MQ2 2024: $5.5BQ3 2024: $4.7BQ4 2024: โˆ’$633MQ1 2025: $1.5BQ2 2025: $3.6BQ3 2025: $4.6BQ4 2025: โˆ’$5.4BQ1 2026: $1.8BQ2 2026: $6.3B
QuarterFree cash flowYoY
Q2 2026$6.3B+73%
Q1 2026$1.8B+20%
Q4 2025-$5.4B-$4.7B
Q3 2025$4.6B-2.1%
Q2 2025$3.6B-34%
Q1 2025$1.5B+89%
Q4 2024-$632.6M+$390.5M
Q3 2024$4.7B+3.3%

NVO has the edge over OPEN on cash generation, producing positive trailing cash flow while its opponent burns cash.

OPEN Free Cash Flow

Q4 2023: โˆ’$551MQ1 2024: โˆ’$186MQ2 2024: โˆ’$407MQ3 2024: $56MQ4 2024: โˆ’$83MQ1 2025: โˆ’$283MQ2 2025: $821MQ3 2025: $432MQ4 2025: $67MQ1 2026: โˆ’$250MQ2 2026: โˆ’$723MQ3 2026: โˆ’$836M
Q4 2023: โˆ’$551MQ1 2024: โˆ’$186MQ2 2024: โˆ’$407MQ3 2024: $56MQ4 2024: โˆ’$83MQ1 2025: โˆ’$283MQ2 2025: $821MQ3 2025: $432MQ4 2025: $67MQ1 2026: โˆ’$250MQ2 2026: โˆ’$723MQ3 2026: โˆ’$836M
QuarterFree cash flowYoY
Q3 2026-$836M-294%
Q2 2026-$723M-188%
Q1 2026-$250M+$33M
Q4 2025$67M+$150M
Q3 2025$432M+671%
Q2 2025$821M+$1.2B
Q1 2025-$283M-$97M
Q4 2024-$83M+$468M

OPEN's free cash flow was โˆ’$1.7B over the past year, against $887M the year before. Free cash flow isn't a meaningful measure for real estate companies like OPEN.

NVO Total Shares

Q3 2023: 4.5BQ4 2023: 4.5BQ1 2024: 4.5BQ2 2024: 4.5BQ3 2024: 4.5BQ4 2024: 4.5BQ1 2025: 4.4BQ2 2025: 4.4BQ3 2025: 4.4BQ4 2025: 4.4BQ1 2026: 4.4BQ2 2026: 4.4B
Q3 2023: 4.5BQ4 2023: 4.5BQ1 2024: 4.5BQ2 2024: 4.5BQ3 2024: 4.5BQ4 2024: 4.5BQ1 2025: 4.4BQ2 2025: 4.4BQ3 2025: 4.4BQ4 2025: 4.4BQ1 2026: 4.4BQ2 2026: 4.4B
PeriodChange %Net change
Quarterly-0.3%-12.9M shares
1 year-0.2%-11M shares
3 years-1.5%-66.8M shares
5 years-3.8%-177M shares
Available history-6.5%-311M shares

NVO has the edge over OPEN on shareholder dilution, with a more favorable share count trend.

OPEN Total Shares

Q4 2023: 657MQ1 2024: 682MQ2 2024: 693MQ3 2024: 705MQ4 2024: 699MQ1 2025: 724MQ2 2025: 729MQ3 2025: 742MQ1 2026: 959MQ2 2026: 966MQ3 2026: 949M
Q4 2023: 657MQ1 2024: 682MQ2 2024: 693MQ3 2024: 705MQ4 2024: 699MQ1 2025: 724MQ2 2025: 729MQ3 2025: 742MQ1 2026: 959MQ2 2026: 966MQ3 2026: 949M
PeriodChange %Net change
Quarterly-1.7%-16.3M shares
1 year+30%+220M shares
3 years+42%+282M shares
5 years+61%+361M shares
Available history+1042%+866M shares

OPEN has 949M diluted shares, up 30% from a year ago.

NVO Net Leverage

Q3 2023: -0.0xQ4 2023: 0.1xQ1 2024: 0.2xQ2 2024: 0.0xQ3 2024: -0.0xQ4 2024: 0.6xQ1 2025: 0.5xQ2 2025: 0.5xQ3 2025: 0.4xQ4 2025: 0.6xQ1 2026: 0.7xQ2 2026: 0.5x
Q3 2023: -0.0xQ4 2023: 0.1xQ1 2024: 0.2xQ2 2024: 0.0xQ3 2024: -0.0xQ4 2024: 0.6xQ1 2025: 0.5xQ2 2025: 0.5xQ3 2025: 0.4xQ4 2025: 0.6xQ1 2026: 0.7xQ2 2026: 0.5x
QuarterNet LeverageStatus
Q2 20260.5xVery low
Q1 20260.7xVery low
Q4 20250.6xVery low
Q3 20250.4xVery low
Q2 20250.5xVery low
Q1 20250.5xVery low
Q4 20240.6xVery low
Q3 2024-0.0xVery low

NVO's net debt is less than a year of its operating earnings (EBITDA).

OPEN Net Leverage

QuarterNet LeverageStatus
Q2 2022337.2xHigh

OPEN's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for real estate companies like OPEN.

NVO Weekly Momentum

MetricValueStatus
RSI43.0Neutral
Stochastic27.0Neutral

NVO's weekly RSI is 43 (neutral) and its Stochastic is 27 (neutral).

OPEN Weekly Momentum

MetricValueStatus
RSI20.6Oversold
Stochastic1.2Oversold

OPEN's weekly RSI is 21 (oversold) and its Stochastic is 1 (oversold).

NVO PE vs Healthcare Sector

MetricNVOSector medianRelative
PE10x26x60% below
PE %62923 pts below

NVO is trading at 10x earnings, a 60% discount to the Healthcare sector's median of 26x, though its earnings don't support one.

OPEN PE vs Real Estate Sector

OPEN has no meaningful PE right now: it lost money over the past year.

NVO Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$39.23.7% above
20 week MA$43.97.4% below
50 week MA$45.310% below
100 week MA$56.328% below
200 week MA$80.750% below

NVO has the edge over OPEN on trend strength, trading above more of its moving averages.

OPEN Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$1.9737% below
20 week MA$3.0059% below
50 week MA$4.3772% below
100 week MA$3.7467% below
200 week MA$3.1360% below

OPEN is in a downtrend: it's below all five of its weekly moving averages, and 60% below its 200-week average.

NVO Yearly ROI

YearStart priceEnd priceROI
2020$29.1$34.7+19%
2021$34.7$54.2+56%
2022$54.2$67.0+24%
2023$67.0$103.5+54%
2024$103.5$87.4-16%
2025$87.4$52.4-40%
2026 YTD$52.4$40.7-22%

NVO has the edge over OPEN on returns for 2026, with the stronger performance.

OPEN Yearly ROI

YearStart priceEnd priceROI
2020$10.9$27.4+150%
2021$27.4$14.9-46%
2022$14.9$1.02-93%
2023$1.02$4.48+339%
2024$4.48$1.67-63%
2025$1.67$6.01+260%
2026 YTD$6.01$1.24-79%

OPEN's yearly returns have swung widely, from +339% in 2023 to โˆ’93% in 2022. It's down 79% so far in 2026.

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