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Últimos 20 reportes · 10-K · 10-K/A · 10-Q · 8-K · Fuente: SEC EDGAR
Accede al análisis completo con tu suscripción
SEC CIK: 0001114448
4.A History and development of Novartis Novartis AG Novartis AG was incorporated on February 29, 1996, under the laws of Switzerland as a stock corporation (“ Aktiengesellschaft ”) with an indefinite duration. On December 20, 1996, our predecessor companies, Ciba‑Geigy AG and Sandoz AG, merged into this new entity, creating Novartis. We are domiciled in and governed by the laws of Switzerland. Our registered office is located at the following address: Novartis AG Lichtstrasse 35 CH‑4056 Basel, Switzerland Telephone: +41‑61‑324‑1111 Website: www.novartis.com Novartis AG, our Swiss holding company, owns, directly or indirectly, all of our significant operating companies. For a list of our significant operating subsidiaries, see “Item 18. Financial Statements—Note 31. Novartis principal subsidiaries and associated companies.” For a description of important corporate developments since January 1, 2023, see “Item 18. Financial Statements—Note 2. Significant acquisitions of businesses and spin-off of Sandoz business.” For information regarding the Company’s material commitments for capital expenditures, see “Item 5.
Ver másPrecio actual · USD
$160.28
Consenso de Analistas
Precio Objetivo — 12 meses
$130.00
Mínimo
-18.9%
$153.00
Mediana
-4.5%
$154.80
Promedio
-3.4%
$185.00
Máximo
+15.4%
ROIC (NOPAT / capital invertido)
21.8%
Margen Neto (continuadas)
24.7%
Current Ratio
1.12x
Debt / Equity Ratio
0.72x
I+D / Ingresos
19.8%
Gross Margin
75.8%
Margen EBIT
30.9%
Operating Margin (publicado)
31.1%
| Métrica | FY 2025 | 2024 | 2023 | 2022 | 🔒Premium | 🔒Premium | 🔒Premium | 🔒Premium | 🔒Premium | 🔒Premium |
|---|---|---|---|---|---|---|---|---|---|---|
| INGRESOS Y MÁRGENES | ||||||||||
| Ingresos Totales | 56.674B | 51.722B | 46.660B | 43.461B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Coste de Ventas | 13.699B | 12.827B | 12.472B | 11.582B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Beneficio Bruto | 42.975B | 38.895B | 34.188B | 31.879B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| I+D Y GASTOS OPERATIVOS | ||||||||||
| I+D recurrente | 11.200B | 10.022B | 11.371B | 9.172B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| SG&A | 13.248B | 12.566B | 12.517B | 12.193B | 🔒 | 🔒 | 🔒 | |||
| RESULTADO OPERATIVO | ||||||||||
| EBIT (pretax + intereses) | 17.496B | 14.646B | 9.978B | 7.977B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Operating Income (publicado) | 17.644B | 14.544B | 9.769B | 7.946B | 🔒 | 🔒 | 🔒 | |||
| RESULTADO NETO | ||||||||||
| Resultado antes de impuestos | 16.352B | 13.640B | 9.123B | 7.177B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Gastos por intereses | 1.144B | 1.006B | 855.000M | 800.000M | 🔒 | 🔒 | 🔒 | |||
| CAPITAL CIRCULANTE | ||||||||||
| Existencias | 6.269B | 5.723B | 5.913B | 7.175B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Clientes | 8.937B | 7.423B | 7.107B | 8.066B | 🔒 | 🔒 | 🔒 | |||
| LIQUIDEZ | ||||||||||
| Efectivo y equivalentes | 11.435B | 11.459B | 13.393B | 7.517B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Inversiones a corto plazo | 155.000M | 1.998B | 1.035B | 11.413B | 🔒 | 🔒 | 🔒 | |||
| BALANCE — ACTIVOS | ||||||||||
| Inmovilizado material (neto) | 10.782B | 9.458B | 9.514B | 10.764B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Fondo de comercio | 25.567B | 24.756B | 23.341B | 29.301B | 🔒 | 🔒 | 🔒 | |||
| CAPITAL Y DEUDA | ||||||||||
| Deuda a largo plazo | 27.935B | 21.366B | 18.436B | 20.244B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Deuda a corto plazo | 5.602B | 8.232B | 6.175B | 5.931B | 🔒 | 🔒 | 🔒 | |||
| FLUJO DE CAJA Y RETRIBUCIÓN AL ACCIONISTA | ||||||||||
| Flujo de Caja Operativo | 19.144B | 17.619B | 14.220B | 13.039B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Capex | ||||||||||
| RATIOS | ||||||||||
| ROIC (NOPAT / capital invertido) | 21.8% | 21.3% | 15.7% | 11.4% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | |
Cifras en miles de millones (B) · Fuente: SEC/EDGAR
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| 🔒 |
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| Stock-Based Compensation | 1.096B | 1.044B | 865.000M | 791.000M | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| 🔒 |
| 🔒 |
| 🔒 |
| NOPAT (numerador del ROIC) | 14.944B | 12.820B | 8.937B | 7.629B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
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| Impuesto sobre beneficios | 2.385B | 1.701B | 551.000M | 1.128B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Beneficio Neto | 13.984B | 11.941B | 14.850B | 6.955B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Operaciones interrumpidas | — | — | 6.282B | 906.000M | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| BPA Diluido | 7.15 | 5.87 | 7.10 | 3.17 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| BPA Básico | 7.21 | 5.92 | 7.15 | 3.19 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| 🔒 |
| 🔒 |
| 🔒 |
| Proveedores | 4.456B | 4.572B | 4.926B | 5.146B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Activo Corriente | 30.460B | 29.704B | 30.481B | 36.910B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Pasivo Corriente | 27.278B | 28.692B | 26.390B | 28.656B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Capital Circulante | 3.182B | 1.012B | 4.091B | 8.254B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| 🔒 |
| 🔒 |
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| Liquidez Total | 11.590B | 13.457B | 14.428B | 18.930B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
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| 🔒 |
| Intangibles | 29.411B | 26.915B | 26.879B | 31.644B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Activo Total | 110.949B | 102.246B | 99.945B | 117.453B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Pasivo Total | 64.400B | 58.120B | 53.195B | 58.030B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Pasivo por arrendamientos | 1.920B | 1.803B | 1.828B | 1.789B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| 🔒 |
| 🔒 |
| 🔒 |
| Deuda Total | 33.537B | 29.598B | 24.611B | 26.175B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Deuda Neta | 21.947B | 16.141B | 10.183B | 7.245B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Patrimonio Neto | 46.130B | 44.046B | 46.667B | 59.342B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Interés minoritario | 419.000M | 80.000M | 83.000M | 81.000M | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Capital Invertido | 68.496B | 60.267B | 56.933B | 66.668B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Acciones en Circulación | 1.908B | 1.975B | 2.044B | 2.120B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| 1.548B |
| 1.366B |
| 1.060B |
| 916.000M |
| 🔒 |
| 🔒 |
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| 🔒 |
| 🔒 |
| 🔒 |
| Free Cash Flow | 17.596B | 16.253B | 13.160B | 12.123B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| FCF por acción | 9.22 | 8.23 | 6.44 | 5.72 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Adquisiciones de negocios | 147.000M | 4.018B | 3.561B | — | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Dividendos pagados | 7.818B | 7.624B | 7.255B | 7.506B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Recompras de acciones | 9.212B | 8.331B | 8.719B | 10.652B | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| 🔒 |
| Margen Neto (continuadas) | 24.7% | 23.1% | 18.4% | 13.9% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Current Ratio | 1.12x | 1.04x | 1.16x | 1.29x | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Debt / Equity Ratio | 0.72x | 0.67x | 0.53x | 0.44x | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| I+D / Ingresos | 19.8% | 19.4% | 24.4% | 21.1% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Gross Margin | 75.8% | 75.2% | 73.3% | 73.3% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Margen EBIT | 30.9% | 28.3% | 21.4% | 18.4% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Operating Margin (publicado) | 31.1% | 28.1% | 20.9% | 18.3% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| FCF Margin | 31.1% | 31.4% | 28.2% | 27.9% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Crecimiento Ingresos | 9.6% | 10.8% | 7.4% | -1.2% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| SG&A / Ingresos | 23.4% | 24.3% | 26.8% | 28.1% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| SBC / Ingresos | 1.9% | 2.0% | 1.9% | 1.8% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Capex / Ingresos | 2.7% | 2.6% | 2.3% | 2.1% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| ROE (beneficio total) | 31.0% | 26.3% | 28.0% | 10.9% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| ROA (beneficio total) | 13.1% | 11.8% | 13.7% | 5.6% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Effective Tax Rate | 14.6% | 12.5% | 6.0% | 15.7% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Quick Ratio | 0.75x | 0.73x | 0.82x | 0.94x | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Interest Coverage | 15.29x | 14.56x | 11.67x | 9.97x | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Coste medio de la deuda | 3.4% | 3.4% | 3.5% | 3.1% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Deuda / Total Activos | 30.2% | 28.9% | 24.6% | 22.3% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Fondo de comercio + intangibles / Activo | 49.5% | 50.5% | 50.3% | 51.9% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Días de inventario | 167.0 d | 162.9 d | 173.0 d | — | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Días de cobro (DSO) | 57.6 d | 52.4 d | 55.6 d | — | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Días de pago (DPO) | 118.7 d | 130.1 d | 144.2 d | — | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Ciclo de conversión de caja | 105.9 d | 85.2 d | 84.4 d | — | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Payout (BPA con discont.) | 55.9% | 63.9% | 48.9% | 107.9% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Payout sobre FCF | 44.4% | 46.9% | 55.1% | 61.9% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |
| Retorno al accionista / FCF | 96.8% | 98.2% | 121.4% | 149.8% | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 | 🔒 |