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H. Lundbeck A/S (HLUN-B) Fair Value & Analysis

Healthcare · DK · Market cap 42.5B DKK

HL H. Lundbeck A/S HLUN-B · CO
Pricekr 42.56
Fair Valuekr 70.78
Upside+66.3%
Quality69/100
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Evidence: High Range kr 43.53 – kr 88.47 📤 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 2 days ago

Share price +2.5% over the past month.

Price vs Fair Value (12 months)

kr 45.91 kr 32.64 Fair Value kr 70.78 Jul 2025 Jul 2026

12‑month range kr 32.64 – kr 45.91 · fair‑value band kr 43.53 – kr 88.47 · the kr 42.56 price screens below the kr 70.78 fair value. As of Jul 19, 2026.

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Analysis

H. Lundbeck A/S (HLUN-B) currently trades at kr 42.56, while our model-based Fair Value estimate is kr 70.78, implying the stock looks roughly 66.3% undervalued today. We read business quality at 69/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, H. Lundbeck A/S generated revenue of 25.5B DKK at a net margin of 14.6%. Revenue grew 14.3% year over year. It earns a return on equity of 14.9%. Net debt stands at 8.6B DKK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 43.53 (bear case) to kr 88.47 (bull case); at kr 42.56, the current price sits below that range. The share trades about 8% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 66%, HLUN-B screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 25.5B DKK
Revenue growth (YoY) +14.3%
Net margin 14.6%
Return on equity 14.9%
Free cash flow 4.3B DKK FY2025
P/E ratio 11.4
More key figures
Operating margin 30.3%
EPS (TTM) kr 3.76
Dividend yield 2.8%
EPS growth (YoY) +47.9%
Net debt 8.6B DKK FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.

About the company

H. Lundbeck A/S engages in the research, development, manufacturing, and commercializing pharmaceuticals for the treatment of psychiatric and neurological disorders in Europe, United States, and internationally. The company offers Abilify Maintena/ Abilify Asimtufii for schizophrenia and bipolar I disorder in adults; Brintellix/Trintellix to treat depressive disorders; Rexulti/Rxulti to treat major depressive disorder and schizophrenia; Vyepti for migraine prevention; and Cipralex/Lexapro for depression. It also provides Northera for symptomatic neurogenic orthostatic hypotension; Onfi for epilepsy; Sabril for refractory complex partial seizures and infantile spasms; Ebixa for dementia, Azilect for Parkinson's disease; Xenazine for chorea; Deanxit for depression; Cipramil for depression and anxiety; and Cisordinol for psychosis. In addition, the company develops Eptinezumab for migraine prevention; Eptinezumab, which is in phase 3 clinical trial for cluster headache; Lu AG09222, …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

H. Lundbeck A/S reported revenue of kr 24.4B in FY2025 versus kr 16.3B in FY2021, a compound +10.6%/yr. Reported net income was kr 3.2B in FY2025, compounding +24.7%/yr from FY2021.

Revenue +10.6%/yr
FY21 kr 16.3B
FY22 kr 18.2B
FY23 kr 19.9B
FY24 kr 22.0B
FY25 kr 24.4B
Net income +24.7%/yr
FY21 kr 1.3B
FY22 kr 1.9B
FY23 kr 2.3B
FY24 kr 3.1B
FY25 kr 3.2B

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Cite: Fair Value Calculator (2026). "H. Lundbeck A/S Fair Value". https://www.fairvalue-calculator.com/stock/HLUN-B

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Frequently asked questions

Is H. Lundbeck A/S (HLUN-B) undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 70.78 versus a price of kr 42.56, about +66% (undervalued). Model-based estimate, not financial advice.
What is the fair value of HLUN-B?
Our model-based fair value for H. Lundbeck A/S is kr 70.78 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 42.56.
What is the quality score of HLUN-B?
H. Lundbeck A/S has a Quality Score of 69/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of H. Lundbeck A/S (HLUN-B)?
H. Lundbeck A/S reported trailing-twelve-month revenue of about 25.5B DKK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of HLUN-B?
The net profit margin of H. Lundbeck A/S is about 14.6%, meaning it keeps roughly 14.6% of revenue as net income. Based on the latest reported figures.
Does H. Lundbeck A/S pay a dividend?
H. Lundbeck A/S currently shows a dividend yield of about 2.64% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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