H. Lundbeck A/S

H. Lundbeck A/S

HLUN-A.CO
H. Lundbeck A/SDK flagNASDAQ Copenhagen
37.05
DKK
+0.10
- -
36.76BMarket Cap
H. Lundbeck A/S
HLUN-A.CO
(NASDAQ Copenhagen)

Recent

price

37.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
75.29
81.63
75.47
77.79
68.63
74.28
79.29
87.52
89.97
87.36
88.92
16.41
18.38
20.07
22.19
24.83
25.69
Revenue per Share
12.57
11.64
5.94
4.36
-0.78
-28.98
6.14
13.29
19.67
11.64
7.96
1.33
1.93
2.31
3.17
3.22
3.72
Basic EPS, GAAP
12.43
10.26
2.36
11.45
0.31
-14.04
14.12
16.81
26.56
10.9
16.9
1.67
2.72
3.61
2.78
4.9
5.48
Free Cash Flow per Basic Share
3.07
3.77
3.49
2
2.77
- -
- -
2.45
8
12
4.1
0.5
0.4
0.58
0.7
0.95
1.15
Dividend per Share
57.02
64.94
67.2
69.72
65.63
37.07
44.42
56.53
67.97
80.4
84.26
17.69
19.32
21.04
23.53
25.81
26.25
Book Value per Share
15.86
22.09
21.26
22.45
4.36
-5.14
4.34
23.37
31.35
-47.68
-29.01
-4.5
-1.73
1.36
-16.16
-10.96
-10.57
Tangible Book Value per Share
196
196
196
196
196
196
197
198
199
199
199
993
993
992
991
992
993
Basic Weighted Avg Shares
14,765
16,007
14,802
15,258
13,468
14,594
15,634
17,286
17,875
17,358
17,672
16,299
18,246
19,912
22,004
24,630
25,520
Sales/Revenue/Turnover
22.74
21.2
11.66
10.48
0.74
-46.7
14.66
25.8
28.3
20.02
11.26
12.33
15.63
16.05
14.86
21.42
22.46
Operating Margin (%)
1,036
1,235
888
- -
1,453
7,026
1,554
- -
- -
1,670
2,793
1,710
1,811
2,012
1,876
1,865
- -
Depreciation Expense
2,466
2,282
1,165
855
-153
-5,694
1,211
2,624
3,907
2,313
1,581
1,318
1,916
2,290
3,143
3,192
3,698
Net Income, GAAP
25.02
30.79
29.86
41.92
- -
- -
43.86
38.65
26.13
23.56
17.05
16.64
22.55
23.49
15.49
28.86
28
Effective Tax Rate (%)
16.7
14.26
7.87
5.6
-1.14
-39.02
7.75
15.18
21.86
13.33
8.95
8.09
10.5
11.5
14.28
12.96
14.49
Profit Margin (%)
2,709
4,107
4,200
4,845
2,184
-88
-252
2,365
4,073
-1,242
93
-206
3,213
5,299
4,430
3,930
3,656
Working Capital
1,918
1,907
1,890
2,141
3,259
3,687
1,708
57
- -
7,499
5,813
5,236
5,491
4,065
16,611
11,580
10,854
LT Debt
11,122
12,776
13,198
13,481
13,526
8,785
9,694
12,181
14,251
16,782
16,973
18,279
20,779
22,045
25,010
24,903
25,626
Total Equity
19.72
16.84
8.1
6.04
- -
- -
10.6
22.82
28.14
12.9
6.3
6.76
8.67
9.12
8.04
9.48
10.75
Return on Invested Capital (%)
20.21
16.87
8.86
6.59
- -
- -
12.74
25.75
31.6
12.09
6.9
6.08
8.38
9.36
9.96
9.21
9.77
Return on Capital (%)
24.04
19.08
8.99
6.37
-1.15
-56.48
15.1
26.34
31.68
15.69
9.66
7.68
10.43
11.43
14.22
13.04
14.91
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
76
74
74
LT Borrowings
11,924
11,185
10,446
LT Finance Leases
408
395
408
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
992
992
992
Market Capitalization
35,011
35,955
33,179

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
13,359
12,783
12,647
Cash, Cash Equivalents & STI
3,479
3,433
1,956
Accounts Receivable, Net
5,609
3,605
6,092
Inventories
4,271
4,473
4,599
Total Current Liabilities
9,104
8,853
8,991
Payables & Accruals
- -
- -
- -
ST Debt
76
74
74
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.24%
8.1%
-0.43%
Free Cash Flow
-2.87%
19.58%
76.13%
Net Income, GAAP
5.89%
17.41%
1.56%
Sales/Revenue/Turnover
5.58%
7.15%
11.93%
Total Cash Common Dividend
- -
8.46%
35.88%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,288
5,453
5,722
5,541
22,004
2025
6,235
6,023
6,279
6,093
24,630
2026
7,125
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.01
0.78
0.78
- -
3.17
2025
1.13
0.97
1.11
- -
3.22
2026
1.67
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.7
- -
- -
- -
0.7
2025
0.95
- -
- -
- -
0.95
2026
1.15
- -
- -
- -
- -
Business
H. Lundbeck A/S is a Danish international pharmaceutical company specializing exclusively in the research, development, manufacturing, and commercialization of pharmaceuticals for the treatment of psychiatric and neurological disorders. The company’s core products include proprietary pharmaceuticals addressing brain diseases such as depression, anxiety, schizophrenia, Alzheimer's disease, Parkinson's disease, epilepsy, and other central nervous system disorders. It offers a wide portfolio with key strategic brands including Vyepti for migraine, Trintellix for depression, and Rexulti for schizophrenia and bipolar disorder, alongside several investigational drugs for neuro-rare and neuro-specialty diseases. Lundbeck markets its products globally, with registration in over 100 countries and operations spanning Europe, North America, and international markets. The company is headquartered in Copenhagen, Denmark, was founded in 1915, and maintains manufacturing facilities in Denmark, France, and Italy as well as research centers in Denmark and the United States. In 2024 and 2025, Lundbeck has pursued significant strategic developments enhancing its market presence and pipeline strength. In October 2024, Lundbeck agreed to acquire Longboard Pharmaceuticals, a U.S.-based epilepsy drug manufacturer, in a $2.6 billion deal, representing its largest acquisition to date. This acquisition strengthens Lundbeck’s neurology portfolio, especially in developing treatments for epilepsy and related central nervous system conditions. Additionally, in September 2025, Lundbeck initiated a major commercial transformation, transitioning its operations in 27 European and international markets to a partnership model with entities such as Swixx Group, Zuellig Pharma, and NewBridge Pharmaceuticals. This strategic shift aims to sharpen commercial focus, reduce operational complexity, and reallocate capital to high-growth neuro-rare and neuro-specialty disease franchises. In 2025, Lundbeck also showcased progress with investigational molecules such as amlenetug for multiple system atrophy, emphasizing advanced clinical development programs leveraging innovative methodologies. Lundbeck operates primarily within the pharmaceuticals and biotech industry, targeting healthcare providers, hospitals, and specialty clinics treating brain disorders. The company has approximately 5,600 employees and is publicly listed on the Copenhagen Stock Exchange. Its strategic priorities revolve around expanding its leadership in brain diseases through a focused innovator strategy, driven by robust research and development capabilities and a growing late-stage pipeline of neuro-rare and neuro-specialty disease treatments. The recent changes reflect Lundbeck’s commitment to strengthening its global footprint, optimizing commercial execution, and advancing novel therapies for enduring neurological and psychiatric conditions.