H. Lundbeck AS Ordinary Shares - Class B HLUN B

Morningstar Rating
DKK 44.24 +0.04 (0.09%)
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Company Report

Lundbeck Earnings: Strong Uptake of Strategic Brands Drives Sales, Helps Offset Generic Erosion

Lundbeck reported solid half-yearly results, highlighted by total revenue of DKK 10.74 billion, representing 10% growth from the prior-year period. Robust performance from Lundbeck’s strategic brands (Vyepti, Rexulti, Abilify Maintena, and Trintellix) accounted for 73% of total revenue and grew 19% compared with the first half of 2024. Investors reacted favorably, sending the stock up 4%. Lundbeck is tracking our expectations, and we maintain our fair value estimate of DKK 42.50 per share. We view the stock as fairly valued, currently trading in 3-star territory.

Price vs Fair Value

HLUN B is trading at a 535% premium.
Price
DKK 44.24
Fair Value
DKK 75.80
Uncertainty
High
1-Star Price
DKK 88.59
5-Star Price
DKK 83.90
Economic Moat
Jplv
Capital Allocation
Cllzfdkhm

Bulls Say, Bears Say

Bulls

Vyepti received FDA approval in 2020 and has already been launched in 24 markets globally.

Bears

Due to the complex nature of CNS disorders and the high frequency of placebo responses, which can confound trial results, the development process has been filled with obstacles.

Trading Information

Previous Close Price
DKK 44.20
Day Range
DKK 43.9444.60
52-Week Range
DKK 31.6248.50
Bid/Ask
DKK 44.14 / DKK 44.22
Market Cap
DKK 43.89 Bil
Volume/Avg
400,282 / 557,245

Key Statistics

Price/Earnings (Normalized)
8.84
Price/Sales
2.12
Dividend Yield (Trailing)
1.58%
Dividend Yield (Forward)
1.58%
Total Yield
1.68%

Company Profile

Lundbeck is a Denmark-based pharmaceutical firm that focuses on the development and commercialization of central nervous system drugs including antidepressants, antipsychotics, and antiepileptic products. The company’s portfolio includes Abilify Maintena and Rexulti for psychosis, Brintellix/Trintellix for depression, Northera for Parkinson’s disease symptoms, Sabril and Onfi for seizures, and Vyepti for migraine prevention. Most of the company's sales are derived in North America, followed by Asia and Europe.
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Stock Style Box
Mid Value
Total Number of Employees
5,800

Competitors

Valuation

Metric
HLUN B
ALNY
EXEL
Price/Earnings (Normalized)
8.84155.8517.20
Price/Book Value
1.893.53
Price/Sales
2.1214.754.01
Price/Cash Flow
8.3967.7316.42
Price/Earnings
HLUN B
ALNY
EXEL

Financial Strength

Metric
HLUN B
ALNY
EXEL
Quick Ratio
1.322.784.05
Current Ratio
1.883.014.27
Interest Coverage
−0.35
Quick Ratio
HLUN B
ALNY
EXEL

Profitability

Metric
HLUN B
ALNY
EXEL
Return on Assets (Normalized)
11.51%5.94%14.82%
Return on Equity (Normalized)
19.52%19.05%
Return on Invested Capital (Normalized)
15.80%21.50%14.99%
Return on Assets
HLUN B
ALNY
EXEL

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