Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Analysis of Vistin Pharma ASA as a long-term investment
Vistin Pharma ASA (OB: VISTN) is a Norwegian pharmaceutical company specializing in the production of metformin hydrochloride, an active pharmaceutical ingredient (API) and direct compressible (DC) product used primarily in the treatment of type 2 diabetes. The company produces approximately 10% of the world's demand for metformin HCl API, with a dedicated factory in Kragerø, Norway. The company has a strong focus on quality (cGMP compliance, FDA approved, nitrosamine-free production) and sustainability, including ISO 14001 certification and a recent long-term renewable energy agreement with Statkraft. 15 Capacity is expanding towards 7,000 tons per year, which positions the company well in a growing market driven by the increasing prevalence of diabetes globally (expected 850 million cases by 2050). 16
Financial performance and health
Vistin Pharma shows solid financial performance with stable growth and high margins. For the first half of 2025 (H1), revenue increased by 11% to NOK 233 million, driven by 17% higher sales volume, while EBITDA rose by 27% to NOK 60.5 million (margin 26%). Operating profit (EBIT) was NOK 50.2 million, and net profit NOK 40.2 million, with EPS of NOK 0.91. 16 The balance sheet is strong with an equity ratio of 70% (NOK 294 million) and net debt of only NOK 40 million. Cash flow from operations was positive (NOK 11.8 million), although dividend payments (NOK 1.25 per share, totaling NOK 55 million) negatively impacted financing flow. 16
The share is currently trading around NOK 22 (as of October 2025), with a market capitalization of approximately NOK 980 million. 9 Key key figures include:
• P/E ratio: 12.9x (low compared to the industry).
• Gross margin: 66% (well above long-term target of 60%).
• ROE: 24% (strong return on equity).
• Dividend yield: 5.7% (payout ratio 73%).
Historically, the stock has delivered good long-term returns: 68% in total over 3 years, but underperformed the market in the past year (-18% vs. Norwegian market +5%). 9 The stock is stable with low volatility (beta 0.64) and weekly movement of 2.8%.
Growth prospects
The metformin market is growing steadily, driven by rising diabetes rates. Global forecasts show a CAGR of 4–6% until 2030, with a market size of approx. USD 4 billion in 2022 to over USD 6 billion in 2030 for metformin overall, and the API segment from USD 350 million in 2025 to higher levels. 17 20 Vistin Pharma benefits from this through capacity expansion and strategic customer collaborations, with stable demand expected and no immediate impact from customs or supply chains. 16 The company’s European base provides a quality advantage over competitors in low-cost countries such as India (e.g. Aurobindo), and it faces limited competition in the premium API segment. 26
Analysts estimate a fair value of NOK 49, indicating a 55% undervaluation based on the current price. 9 Long-term potential is supported by a sustainability focus and operational efficiency, with plans for additional capex for growth.
Risks
Despite strengths such as high financial health (score 5/6) and historical performance (5/6), there are challenges: 9
• Low growth outlook: Analysts give a low score (0/6) on future growth, partly due to limited coverage (only 1 analyst).
• Market dependence: As a pure API producer, the company is vulnerable to price fluctuations in generic pharmaceuticals and competition from Asia.
• Regulatory and geopolitical risks: Changes in FDA regulations or trade barriers could affect exports (mainly globally).
• Liquidity: Low trading volume and volatility in the small-cap market.
Overall, the debt/equity ratio is low (14.5% debt/equity), and the company has a good buffer against downside.
Conclusion
Vistin Pharma appears to be an attractive long-term investment for investors seeking stable returns with dividends and undervaluation potential. The essential role in diabetes treatment, high margins and market growth outweigh the risks, especially with a 5.7% yield and a 55% discount to fair value. For the long-term horizon (5+ years), buying is recommended at prices below NOK 25, with a focus on the Q3 results on October 31 for confirmation. Always diversify, and consider your own risk tolerance – this is not investment advice. For more data, see the company's website or Oslo Børs.
If this trend continues, it looks like Vistin will be by far my largest position going forward. What is it that people don't like about a stable business with increasing volume, prices and dividends?
As I understand it, Vistin Pharma will not be directly affected by the new Tariff. According to Reuters:
«Trump announces 100% tariff on branded or patented pharmaceuticals».
Metformin API is not considered a finished drug, patented drug or branded drug. It is a raw material (API).
Therefore, Vistin Pharma’s products will not be subject to or directly affected by the new Tariff.
I can't see this being a problem for Vistin Pharma anyway as North & South America accounted for 1% of 2024 revenues in 2024. Europe accounted for 82%.
4
Näytä enemmän
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset ja analyysit
Uutiset ja lehdistötiedotteet
Analyysit
tänään klo 12.30
∙
Osakeuutinen
VISTN: Finansiell kalender
tänään klo 12.30
∙
Osakeuutinen
VISTN: Financial calendar
31 loka 06.40
∙
Lehdistötiedote
Vistin Pharma ASA: Third quarter and YTD 2025 financial results
24 loka 08.00
∙
Lehdistötiedote
Vistin Pharma ASA: Invitation to Q3 2025 conference call
15 elo 06.00
∙
Lehdistötiedote
Vistin Pharma ASA: Second quarter and YTD 2025 financial results
8 elo 08.00
∙
Lehdistötiedote
Vistin Pharma ASA: Invitation to Q2 2025 conference call
4 kesä 06.00
∙
Lehdistötiedote
VISTN: Ex dividend NOK 1.25 today
4 kesä 06.00
∙
Lehdistötiedote
Ex dividend NOK 1.25 today
23 touko 09.22
∙
Osakeuutinen
VISTN: Financial calendar
23 touko 09.22
∙
Osakeuutinen
VISTN: Finansiell kalender
22 touko 12.59
∙
Lehdistötiedote
Vistin Pharma ASA: Minutes from the annual general meeting 2025
22 touko 09.56
∙
Lehdistötiedote
Disclosure of voting rights at AGM in Vistin Pharma ASA
7 touko 13.30
∙
Lehdistötiedote
Vistin Pharma ASA (VISTN): Update from the Election Committee
6 touko 13.03
∙
Lehdistötiedote
Vistin Pharma ASA (VISTN): Mandatory notification of trade and disclosure of large shareholding
29 huhti 09.30
∙
Lehdistötiedote
Vistin Pharma ASA: Notice of Annual General Meeting 22 May 2025
25 huhti 14.40
∙
Lehdistötiedote
2024 Annual Report Vistin Pharma ASA
25 huhti 05.35
∙
Lehdistötiedote
Vistin Pharma ASA: First quarter 2025 financial results
15 huhti 11.00
∙
Lehdistötiedote
Vistin Pharma ASA: Invitation to Q1 2025 conference call
13 helmi 11.00
∙
Lehdistötiedote
Vistin Pharma ASA: Key information relating to the proposed cash dividend
13 helmi 06.35
∙
Lehdistötiedote
Vistin Pharma ASA: Fourth quarter and preliminary 2024 financial results
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Sertifikaatit
2025 Q3 -tulosraportti
38 päivää sitten22 min
1,25 NOK/osake
Viimeisin osinko
6,04 %Tuotto/v
Näytä
Uutiset ja analyysit
Uutiset ja lehdistötiedotteet
Analyysit
tänään klo 12.30
∙
Osakeuutinen
VISTN: Finansiell kalender
tänään klo 12.30
∙
Osakeuutinen
VISTN: Financial calendar
31 loka 06.40
∙
Lehdistötiedote
Vistin Pharma ASA: Third quarter and YTD 2025 financial results
24 loka 08.00
∙
Lehdistötiedote
Vistin Pharma ASA: Invitation to Q3 2025 conference call
15 elo 06.00
∙
Lehdistötiedote
Vistin Pharma ASA: Second quarter and YTD 2025 financial results
8 elo 08.00
∙
Lehdistötiedote
Vistin Pharma ASA: Invitation to Q2 2025 conference call
4 kesä 06.00
∙
Lehdistötiedote
VISTN: Ex dividend NOK 1.25 today
4 kesä 06.00
∙
Lehdistötiedote
Ex dividend NOK 1.25 today
23 touko 09.22
∙
Osakeuutinen
VISTN: Financial calendar
23 touko 09.22
∙
Osakeuutinen
VISTN: Finansiell kalender
22 touko 12.59
∙
Lehdistötiedote
Vistin Pharma ASA: Minutes from the annual general meeting 2025
22 touko 09.56
∙
Lehdistötiedote
Disclosure of voting rights at AGM in Vistin Pharma ASA
7 touko 13.30
∙
Lehdistötiedote
Vistin Pharma ASA (VISTN): Update from the Election Committee
6 touko 13.03
∙
Lehdistötiedote
Vistin Pharma ASA (VISTN): Mandatory notification of trade and disclosure of large shareholding
29 huhti 09.30
∙
Lehdistötiedote
Vistin Pharma ASA: Notice of Annual General Meeting 22 May 2025
25 huhti 14.40
∙
Lehdistötiedote
2024 Annual Report Vistin Pharma ASA
25 huhti 05.35
∙
Lehdistötiedote
Vistin Pharma ASA: First quarter 2025 financial results
15 huhti 11.00
∙
Lehdistötiedote
Vistin Pharma ASA: Invitation to Q1 2025 conference call
13 helmi 11.00
∙
Lehdistötiedote
Vistin Pharma ASA: Key information relating to the proposed cash dividend
13 helmi 06.35
∙
Lehdistötiedote
Vistin Pharma ASA: Fourth quarter and preliminary 2024 financial results
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Analysis of Vistin Pharma ASA as a long-term investment
Vistin Pharma ASA (OB: VISTN) is a Norwegian pharmaceutical company specializing in the production of metformin hydrochloride, an active pharmaceutical ingredient (API) and direct compressible (DC) product used primarily in the treatment of type 2 diabetes. The company produces approximately 10% of the world's demand for metformin HCl API, with a dedicated factory in Kragerø, Norway. The company has a strong focus on quality (cGMP compliance, FDA approved, nitrosamine-free production) and sustainability, including ISO 14001 certification and a recent long-term renewable energy agreement with Statkraft. 15 Capacity is expanding towards 7,000 tons per year, which positions the company well in a growing market driven by the increasing prevalence of diabetes globally (expected 850 million cases by 2050). 16
Financial performance and health
Vistin Pharma shows solid financial performance with stable growth and high margins. For the first half of 2025 (H1), revenue increased by 11% to NOK 233 million, driven by 17% higher sales volume, while EBITDA rose by 27% to NOK 60.5 million (margin 26%). Operating profit (EBIT) was NOK 50.2 million, and net profit NOK 40.2 million, with EPS of NOK 0.91. 16 The balance sheet is strong with an equity ratio of 70% (NOK 294 million) and net debt of only NOK 40 million. Cash flow from operations was positive (NOK 11.8 million), although dividend payments (NOK 1.25 per share, totaling NOK 55 million) negatively impacted financing flow. 16
The share is currently trading around NOK 22 (as of October 2025), with a market capitalization of approximately NOK 980 million. 9 Key key figures include:
• P/E ratio: 12.9x (low compared to the industry).
• Gross margin: 66% (well above long-term target of 60%).
• ROE: 24% (strong return on equity).
• Dividend yield: 5.7% (payout ratio 73%).
Historically, the stock has delivered good long-term returns: 68% in total over 3 years, but underperformed the market in the past year (-18% vs. Norwegian market +5%). 9 The stock is stable with low volatility (beta 0.64) and weekly movement of 2.8%.
Growth prospects
The metformin market is growing steadily, driven by rising diabetes rates. Global forecasts show a CAGR of 4–6% until 2030, with a market size of approx. USD 4 billion in 2022 to over USD 6 billion in 2030 for metformin overall, and the API segment from USD 350 million in 2025 to higher levels. 17 20 Vistin Pharma benefits from this through capacity expansion and strategic customer collaborations, with stable demand expected and no immediate impact from customs or supply chains. 16 The company’s European base provides a quality advantage over competitors in low-cost countries such as India (e.g. Aurobindo), and it faces limited competition in the premium API segment. 26
Analysts estimate a fair value of NOK 49, indicating a 55% undervaluation based on the current price. 9 Long-term potential is supported by a sustainability focus and operational efficiency, with plans for additional capex for growth.
Risks
Despite strengths such as high financial health (score 5/6) and historical performance (5/6), there are challenges: 9
• Low growth outlook: Analysts give a low score (0/6) on future growth, partly due to limited coverage (only 1 analyst).
• Market dependence: As a pure API producer, the company is vulnerable to price fluctuations in generic pharmaceuticals and competition from Asia.
• Regulatory and geopolitical risks: Changes in FDA regulations or trade barriers could affect exports (mainly globally).
• Liquidity: Low trading volume and volatility in the small-cap market.
Overall, the debt/equity ratio is low (14.5% debt/equity), and the company has a good buffer against downside.
Conclusion
Vistin Pharma appears to be an attractive long-term investment for investors seeking stable returns with dividends and undervaluation potential. The essential role in diabetes treatment, high margins and market growth outweigh the risks, especially with a 5.7% yield and a 55% discount to fair value. For the long-term horizon (5+ years), buying is recommended at prices below NOK 25, with a focus on the Q3 results on October 31 for confirmation. Always diversify, and consider your own risk tolerance – this is not investment advice. For more data, see the company's website or Oslo Børs.
If this trend continues, it looks like Vistin will be by far my largest position going forward. What is it that people don't like about a stable business with increasing volume, prices and dividends?
As I understand it, Vistin Pharma will not be directly affected by the new Tariff. According to Reuters:
«Trump announces 100% tariff on branded or patented pharmaceuticals».
Metformin API is not considered a finished drug, patented drug or branded drug. It is a raw material (API).
Therefore, Vistin Pharma’s products will not be subject to or directly affected by the new Tariff.
I can't see this being a problem for Vistin Pharma anyway as North & South America accounted for 1% of 2024 revenues in 2024. Europe accounted for 82%.
4
Näytä enemmän
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Oslo Børs
Määrä
Osto
500
19,8
Myynti
Määrä
21
500
Viimeisimmät kaupat
Näytä enemmän
Aika
Hinta
Määrä
Ostaja
Myyjä
20,6
8
-
-
20,4
75
-
-
20,4
3 024
-
-
20,4
25
-
-
20,4
107
-
-
Ylin
20,7
VWAP
-
Alin
20
VaihtoMäärä
0,4 19 521
VWAP
-
Ylin
20,7
Alin
20
VaihtoMäärä
0,4 19 521
Tietoa osakekaupankäyntiin liittyvistä riskeistä
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Näytä kaikki
Seuraava tapahtuma
2025 Q4 -tulosraportti
16.2.2026
Menneet tapahtumat
2025 Q3 -tulosraportti
31.10.
2025 Q2 -tulosraportti
15.8.
2025 Q1 -tulosraportti
25.4.
2024 Q4 -tulosraportti
13.2.
2024 Q3 -tulosraportti
31.10.2024
Datan lähde: Quartr, FactSet
Tuotteita joiden kohde-etuutena tämä arvopaperi
Sertifikaatit
1,25 NOK/osake
Viimeisin osinko
6,04 %Tuotto/v
Näytä
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Analysis of Vistin Pharma ASA as a long-term investment
Vistin Pharma ASA (OB: VISTN) is a Norwegian pharmaceutical company specializing in the production of metformin hydrochloride, an active pharmaceutical ingredient (API) and direct compressible (DC) product used primarily in the treatment of type 2 diabetes. The company produces approximately 10% of the world's demand for metformin HCl API, with a dedicated factory in Kragerø, Norway. The company has a strong focus on quality (cGMP compliance, FDA approved, nitrosamine-free production) and sustainability, including ISO 14001 certification and a recent long-term renewable energy agreement with Statkraft. 15 Capacity is expanding towards 7,000 tons per year, which positions the company well in a growing market driven by the increasing prevalence of diabetes globally (expected 850 million cases by 2050). 16
Financial performance and health
Vistin Pharma shows solid financial performance with stable growth and high margins. For the first half of 2025 (H1), revenue increased by 11% to NOK 233 million, driven by 17% higher sales volume, while EBITDA rose by 27% to NOK 60.5 million (margin 26%). Operating profit (EBIT) was NOK 50.2 million, and net profit NOK 40.2 million, with EPS of NOK 0.91. 16 The balance sheet is strong with an equity ratio of 70% (NOK 294 million) and net debt of only NOK 40 million. Cash flow from operations was positive (NOK 11.8 million), although dividend payments (NOK 1.25 per share, totaling NOK 55 million) negatively impacted financing flow. 16
The share is currently trading around NOK 22 (as of October 2025), with a market capitalization of approximately NOK 980 million. 9 Key key figures include:
• P/E ratio: 12.9x (low compared to the industry).
• Gross margin: 66% (well above long-term target of 60%).
• ROE: 24% (strong return on equity).
• Dividend yield: 5.7% (payout ratio 73%).
Historically, the stock has delivered good long-term returns: 68% in total over 3 years, but underperformed the market in the past year (-18% vs. Norwegian market +5%). 9 The stock is stable with low volatility (beta 0.64) and weekly movement of 2.8%.
Growth prospects
The metformin market is growing steadily, driven by rising diabetes rates. Global forecasts show a CAGR of 4–6% until 2030, with a market size of approx. USD 4 billion in 2022 to over USD 6 billion in 2030 for metformin overall, and the API segment from USD 350 million in 2025 to higher levels. 17 20 Vistin Pharma benefits from this through capacity expansion and strategic customer collaborations, with stable demand expected and no immediate impact from customs or supply chains. 16 The company’s European base provides a quality advantage over competitors in low-cost countries such as India (e.g. Aurobindo), and it faces limited competition in the premium API segment. 26
Analysts estimate a fair value of NOK 49, indicating a 55% undervaluation based on the current price. 9 Long-term potential is supported by a sustainability focus and operational efficiency, with plans for additional capex for growth.
Risks
Despite strengths such as high financial health (score 5/6) and historical performance (5/6), there are challenges: 9
• Low growth outlook: Analysts give a low score (0/6) on future growth, partly due to limited coverage (only 1 analyst).
• Market dependence: As a pure API producer, the company is vulnerable to price fluctuations in generic pharmaceuticals and competition from Asia.
• Regulatory and geopolitical risks: Changes in FDA regulations or trade barriers could affect exports (mainly globally).
• Liquidity: Low trading volume and volatility in the small-cap market.
Overall, the debt/equity ratio is low (14.5% debt/equity), and the company has a good buffer against downside.
Conclusion
Vistin Pharma appears to be an attractive long-term investment for investors seeking stable returns with dividends and undervaluation potential. The essential role in diabetes treatment, high margins and market growth outweigh the risks, especially with a 5.7% yield and a 55% discount to fair value. For the long-term horizon (5+ years), buying is recommended at prices below NOK 25, with a focus on the Q3 results on October 31 for confirmation. Always diversify, and consider your own risk tolerance – this is not investment advice. For more data, see the company's website or Oslo Børs.
If this trend continues, it looks like Vistin will be by far my largest position going forward. What is it that people don't like about a stable business with increasing volume, prices and dividends?
As I understand it, Vistin Pharma will not be directly affected by the new Tariff. According to Reuters:
«Trump announces 100% tariff on branded or patented pharmaceuticals».
Metformin API is not considered a finished drug, patented drug or branded drug. It is a raw material (API).
Therefore, Vistin Pharma’s products will not be subject to or directly affected by the new Tariff.
I can't see this being a problem for Vistin Pharma anyway as North & South America accounted for 1% of 2024 revenues in 2024. Europe accounted for 82%.
4
Näytä enemmän
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Oslo Børs
Määrä
Osto
500
19,8
Myynti
Määrä
21
500
Viimeisimmät kaupat
Näytä enemmän
Aika
Hinta
Määrä
Ostaja
Myyjä
20,6
8
-
-
20,4
75
-
-
20,4
3 024
-
-
20,4
25
-
-
20,4
107
-
-
Ylin
20,7
VWAP
-
Alin
20
VaihtoMäärä
0,4 19 521
VWAP
-
Ylin
20,7
Alin
20
VaihtoMäärä
0,4 19 521
Tietoa osakekaupankäyntiin liittyvistä riskeistä
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.