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AZNAstraZeneca PLC
$186.43$290.8B
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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AZN logo

AstraZeneca PLC

AZN
NASDAQ · Big Pharma
$186.43
At close - USD
Market Cap$144.48B
P/E14.3x
52W High$212.71
Volume2.77M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Cash Generation Strong, Margin and Earnings Volatility Persist

AstraZeneca's revenue has grown from $12.9B in 2024Q2 to $16.0B in 2026Q3, though year-over-year growth has decelerated to 5.3% in the latest quarter from double-digit rates in 2025, which suggests the top-line momentum may be slowing.

GrowthStable
ProfitabilityModerate
ValuationAttractive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

AZN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-48% Peers

P/E is 48% below peer median

03

Market leadership

RS 70 · Avg

Average momentum (RS Rating: 70)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Jan 30
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue has risen from $12.9B to $16.0B over ten quarters, but net margin has swung between 10.1% and 21.5% and EPS has been volatile, suggesting earnings quality and cost absorption warrant further investigation.

Analyst Consensus+0.1% target
Buy(41 analysts)
20 Buy15 Hold6 Sell

The Bull Case

Upside Catalysts

Strong Pipeline of Drugs

AstraZeneca has over 20 Phase III readouts expected in 2026, including positive Q1 results for tozorakimab and Enhertu.

Oncology Division Growth

The oncology division contributes approximately 45% of revenues, supported by blockbuster drugs and a deep pipeline.

Robust Financial Performance

Q1 2026 revenues increased by 8% year-on-year, with operating profit rising 17% and guidance for mid-to-high single-digit revenue growth.

The Bear Case

Key Downside Risks

Patent Expiration Risks

The US patent expiry for Farxiga in 2026 is expected to cause revenue declines, with Brilinta already seeing a 65% drop due to generics.

Pricing Pressure Concerns

US drug pricing policies and China's Volume-Based Purchasing could impact future drug launches and profitability.

Execution Risks in Trials

Not all Phase III trials may succeed, as evidenced by the Ceralasertib LATIFY failure, raising concerns about revenue generation.

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AZN+3.82%
S&P 500 (^GSPC)+7.63%
1-Year Return
AZN+12.22%
S&P 500 (^GSPC)+9.69%
3-Year Return
AZN+54.38%
S&P 500 (^GSPC)+68.41%
5-Year Return
AZN+57.04%
S&P 500 (^GSPC)+56.48%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
26.5x
Forward P/EExpansion
18.2x
EV/EBITDA0th %ile
14.9x
FCF YieldCash Flow
3.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
26.5x
35.3x
0th· Low
EV/EBITDA
14.9x
17.7x
0th· Low
Price/FCF
31.2x
31.6x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$298.18+59.9%
Base (Fair)$476.34+155.5%
Bull$884.28+374.3%
$298.18 Bear$476.34 Base$884.28 Bull
Current Market Price: $186.43
Trades at a 60.9% discount to Base DCF ($476.34)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$58.74B+8.6% YoY
Net income FY25
$10.26B+45.8% YoY
Free cash flow FY25
$8.67B+19.2% YoY
Operating margin FY25
23.4%+4.9 pts YoY
ROIC (FY25)14.9%
Avg ROIC 5Y-
ROE (FY25)22.9%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 30, 2026
$2.79+7.3%
vs $2.60
$16.2B+1.3%
vs $16.0B
Q3 2026
Jul 27, 2026
$2.63+5.2%
vs $2.50
$15.4B-0.3%
vs $15.4B
Q2 2026
Apr 29, 2026
$2.58+0.4%
vs $2.57
$15.3B+2.4%
vs $14.9B
Q1 2026
Feb 10, 2026
$2.12+1.4%
vs $2.09
$15.5B+0.4%
vs $15.4B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Defense World·1d ago
AstraZeneca Plc (NYSE:AZN) Stock Has Average Price Target of $206.67 According to Brokerages

AstraZeneca Plc (NYSE: AZN - Get Free Report) has received a consensus rating of "Moderate Buy" from the nineteen ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price target

WSJ·3d ago
AstraZeneca Made $10 Billion Offer for Rhythm Pharmaceuticals

AstraZeneca recently made a roughly $10 billion offer to buy Rhythm Pharmaceuticals, according to people familiar with the matter, a deal that would expand its portfolio of rare disease treatments.

Defense World·5d ago
27,056 AstraZeneca Plc $AZN Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in AstraZeneca Plc (NYSE: AZN) by 1,564.8% in the undefined quarter, according to its most recent filing with the SEC. The fund owned 28,785 shares of the company's stock after purchasing an additional 27,056 shares during the period. International Assets Investment Management LLC's holdings in

Defense World·5d ago
1,929,102 Shares of AstraZeneca Plc $AZN Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer and Co. Ltd Zurich bought a new stake in AstraZeneca Plc (NYSE: AZN) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,929,102 shares of the company's stock, valued at approximately $314,403,000. Bank Julius Baer and Co. Ltd

Filtered for AstraZeneca PLCMore Headlines
04

Compare before deciding

Benchmark AZN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for AstraZeneca PLC (AZN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AZN logoAZNAstraZeneca PLCCurrent
$186.43$144.48B14.258.63%17.46%22.89%3.41%
PFE logoPFEPfizer Inc.
$29.39$167.51B21.61-1.65%6.34%4.59%5.85%
MRK logoMRKMerck & Co., Inc.
$146.71$362.35B20.151.18%4.78%6.59%2.22%
LLY logoLLYEli Lilly and Company
$1354.00$1.28T59.0044.7%31.9%83.64%0.44%
BMY logoBMYBristol-Myers Squibb Company
$62.14$126.89B18.01-0.22%18.47%43.84%3.98%
ABBV logoABBVAbbVie Inc.
$291.31$514.68B122.928.57%15.68%286.66%2.26%

Compare AZN vs Peers

AstraZeneca PLC (AZN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PFE

Most directly comparable listed peer for AZN.

Scale Benchmark

vs LLY

Larger-name benchmark to compare AZN against a more recognizable public peer.

Peer Set

Compare Top 5

vs PFE, MRK, LLY, BMY

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AZN Frequently Asked Questions

AstraZeneca PLC (AZN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is AstraZeneca PLC's revenue?

AstraZeneca PLC (AZN) reported $62.17B in revenue over the trailing twelve months. Revenue was $58.74B in fiscal year 2025. That is 540% more than the $9.18B of fiscal year 1996.

How fast is AstraZeneca PLC growing?

AstraZeneca PLC (AZN) grew revenue by 8.6% in fiscal year 2025, compared with the prior fiscal year.

Is AZN profitable?

Yes. AstraZeneca PLC (AZN) earned $10.99B in net income over the trailing twelve months (a 17.7% net margin).

Dividend & Returns
Does AZN pay dividends?

Yes. AstraZeneca PLC (AZN) pays a dividend that yields 3.41% at the current price, a moderate yield.

What is AZN's return on equity?

AstraZeneca PLC (AZN) had a return on equity (ROE) of 22.9% in fiscal year 2025. That is well above the market's typical 10-15%.

What is AstraZeneca PLC's free cash flow?

AstraZeneca PLC (AZN) generated $9.32B in free cash flow over the trailing twelve months.

What if you invested $1,000 in AZN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →