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Novonesis AS Class B NSIS B

Morningstar Rating
DKK 424.80 +23.30 (5.80%)
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Company Report

Wide-Moat Novonesis Is the Dominant Leader in the Global Enzymes and Cultures Market

Novonesis, created in 2024 through the merger of Novozymes and Chr. Hansen, is the global leader in the industrial enzymes and microbial solutions, or cultures, markets. Enzymes are biological catalysts that allow customers across many different industries to achieve greater yields, better performance, or lower costs for products and production processes, primarily by reducing raw material and energy requirements. Its microbial solutions portfolio caters to the food, beverage, agriculture, and human health end markets. Its products are essential for the fermentation process in dairy and for providing health benefits for dietary supplements and infant nutrition.

Price vs Fair Value

NSIS B is trading within a range we consider fairly valued.
Price
DKK 424.80
Fair Value
DKK 857.00
Uncertainty
Medium
1-Star Price
DKK 723.70
5-Star Price
DKK 629.00
Economic Moat
Yrfs
Capital Allocation
Kgqvmbbxp

Bulls Say, Bears Say

Bulls

Novonesis holds a dominant market position in enzymes and cultures, with a near-50% market share in both, supported by an enviable portfolio of patents and unmatched library of strains and enzyme classes.

Bears

Novonesis' core markets offer relatively low growth prospects, which means the company is now relying more on new markets and inorganic growth initiatives.

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Trading Information

Previous Close Price
DKK 401.50
Day Range
DKK 416.70430.10
52-Week Range
DKK 274.60438.00
Bid/Ask
DKK 424.70 / DKK 424.80
Market Cap
DKK 197.26 Bil
Volume/Avg
1.2 Mil / 616,795

Key Statistics

Price/Earnings (Normalized)
33.97
Price/Sales
6.59
Dividend Yield (Trailing)
1.46%
Dividend Yield (Forward)
1.46%
Total Yield
1.46%

Company Profile

Novonesis was formed in 2024 through the merger of Novozymes and Chr. Hansen. Following the merger, the company is the world leader in industrial enzymes and microbial solutions, with a near-50% market share in both. The firm supplies a wide range of industry groups: household care, food and beverages, bioenergy, agriculture and feed, technical and pharmaceuticals. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark, employs around 10,000 people, working across more than 30 research and development and application centers and 23 manufacturing sites.
Sector
Basic Materials
Industry
Specialty Chemicals
Stock Style Box
Large Growth
Total Number of Employees
6,756

Competitors

Valuation

Metric
NSIS B
IFF
DSFIR
Price/Earnings (Normalized)
33.9737.1263.23
Price/Book Value
8.431.721.19
Price/Sales
6.592.162.26
Price/Cash Flow
27.3423.6223.02
Price/Earnings
NSIS B
IFF
DSFIR

Financial Strength

Metric
NSIS B
IFF
DSFIR
Quick Ratio
0.760.751.20
Current Ratio
1.301.681.96
Interest Coverage
23.08−5.87−3.42
Quick Ratio
NSIS B
IFF
DSFIR

Profitability

Metric
NSIS B
IFF
DSFIR
Return on Assets (Normalized)
11.42%1.21%1.31%
Return on Equity (Normalized)
23.56%2.46%2.01%
Return on Invested Capital (Normalized)
19.08%2.46%1.93%
Return on Assets
NSIS B
IFF
DSFIR
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