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Earnings transcript
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NVS
Novartis AG
$150.62
0.24
(0.16%)
| Exchange: | NYSE |
| Market Cap: | 286.286B |
| Shares Outstanding: | 2.739B |
Delayed data
About The Company
| Sector: | HealthcareView sector performance | |||||
| Industry: | Drug Manufacturers – GeneralView industry performance | |||||
| CEO: | Vasant Narasimhan | |||||
| Full Time Employees: | 75267 | |||||
| Address: |
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| Website: | https://www.novartis.com |
Novartis AG is a holding company, which engages in the business of developing, manufacturing, and marketing healthcare products. Its product portfolio is heavily focused on innovative prescription medicines, especially oncology, immunology, neuroscience, and cardiovascular diseases, supplemented by established older brands and a wide range of specialized therapies. The company was founded on February 29, 1996 and is headquartered in Basel, Switzerland.
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Revenue Segmentation
NVS full analysis
Hey everyone, welcome back to the channel. Today we’re diving deep into Novartis, ticker NVS. This is a massive Swiss pharmaceutical giant, and we’re going to break down everything from their latest pipeline data to their financial health, their competitive position, and what our models say about the stock’s fair value. Let’s get into it. So, Novartis. You probably know them for blockbuster drugs like Entresto for heart failure, Cosentyx for psoriasis, and the cancer drug Kisqali. But this company…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 46,660,000 | 51,722,000 | 54,811,252 |
| Gross Profit | 34,188,000 | 38,895,000 | 41,121,506 |
| EBITDA | 18,255,000 | 20,715,000 | 22,987,115 |
| Operating Income | 9,769,000 | 14,544,000 | 17,073,989 |
| Net Income | 14,850,000 | 11,941,000 | 14,055,610 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 99,945,000 | 102,246,000 | 115,569,198 |
| Total Liabilities | 53,195,000 | 58,120,000 | 69,020,119 |
| Total Stockholders Equity | 46,667,000 | 44,046,000 | 46,130,079 |
| Total Debt | 26,348,000 | 31,258,000 | 37,033,064 |
| Cash and Cash Equivalents | 13,393,000 | 11,459,000 | 11,435,020 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 14,458,000 | 17,619,000 | 19,242,034 |
| Capital Expenditure | -2,753,000 | -3,814,000 | -1,555,927 |
| Free Cash Flow | 11,705,000 | 13,805,000 | 17,686,107 |
| Net Income | 8,572,000 | 11,939,000 | 14,055,610 |
| Net Change in Cash | 5,876,000 | -1,934,000 | -23,998 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 69,545,948.656 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 73,786,977.110 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 71,392,666.667 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 31,252,092.775 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 33,334,387.207 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 32,158,803.392 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 24,384,050.312 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 26,332,637.913 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 25,232,539.862 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 18,446,568.731 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 19,571,471.395 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 18,936,397.562 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 12.910 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 13.470 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 12.470 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Novartis reported a 7% increase in sales and core operating income for Q3 2025, as highlighted in the earnings call transcript. This growth reflects strong operational efficiency and sustained demand for key products, positioning the company favorably within the pharmaceutical sector.
- Strong Product Portfolio: The earnings call emphasized robust performance from key brands, contributing significantly to revenue growth. This indicates a diversified and resilient product lineup capable of driving consistent financial results.
- Healthy Cash Flow Metrics: Based on cash flow statement data, Novartis demonstrates solid free cash flow, supported by positive net cash provided by operating activities. This financial stability enables reinvestment in innovation and strategic initiatives.
- Strategic Acquisitions: The Q3 2025 earnings call noted strategic acquisitions as a driver of growth, enhancing Novartis’ market position and expanding its pipeline, which strengthens long-term competitiveness.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates NVS intrinsic value between $185.68 – $187.44 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about NVS valuation
Is Novartis AG (NVS) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Novartis AG (NVS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is NVS a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NVS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is NVS’s P/E ratio?
You can see NVS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for NVS?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is NVS a good long-term investment?
Whether NVS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
NVS
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Daily snapshot
0.16
Trading Metrics:
| Open: | 150.79 | Previous Close: | 150.38 | |
| Day Low: | 150.11 | Day High: | 151.75 | |
| Year Low: | 121.57 | Year High: | 170.46 | |
| Price Avg 50: | 148.31 | Price Avg 200: | 151.04 | |
| Volume: | 1.729M | Average Volume: | 2.044M |
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