CENCORA INC (ABG.DE) Fundamental Analysis & Valuation

FRA:ABG • US03073E1055

Current stock price

304.15 EUR
-5.95 (-1.92%)
Last:

This ABG.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. ABG.DE Profitability Analysis

1.1 Basic Checks

  • ABG had positive earnings in the past year.
  • ABG had a positive operating cash flow in the past year.
  • Each year in the past 5 years ABG has been profitable.
  • In the past 5 years ABG always reported a positive cash flow from operatings.
ABG.DE Yearly Net Income VS EBIT VS OCF VS FCFABG.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

1.2 Ratios

  • ABG's Return On Assets of 2.07% is in line compared to the rest of the industry. ABG outperforms 42.42% of its industry peers.
  • ABG has a better Return On Equity (85.16%) than 100.00% of its industry peers.
  • The Return On Invested Capital of ABG (14.99%) is better than 96.97% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ABG is significantly above the industry average of 6.06%.
Industry RankSector Rank
ROA 2.07%
ROE 85.16%
ROIC 14.99%
ROA(3y)2.36%
ROA(5y)2.55%
ROE(3y)223.66%
ROE(5y)N/A
ROIC(3y)15.04%
ROIC(5y)14.55%
ABG.DE Yearly ROA, ROE, ROICABG.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500 -500

1.3 Margins

  • ABG's Profit Margin of 0.50% is on the low side compared to the rest of the industry. ABG is outperformed by 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of ABG has declined.
  • With a Operating Margin value of 1.22%, ABG is not doing good in the industry: 84.85% of the companies in the same industry are doing better.
  • ABG's Operating Margin has improved in the last couple of years.
  • ABG's Gross Margin of 3.63% is on the low side compared to the rest of the industry. ABG is outperformed by 75.76% of its industry peers.
  • In the last couple of years the Gross Margin of ABG has grown nicely.
Industry RankSector Rank
OM 1.22%
PM (TTM) 0.5%
GM 3.63%
OM growth 3Y-0.12%
OM growth 5Y1.81%
PM growth 3Y-12.1%
PM growth 5YN/A
GM growth 3Y0.2%
GM growth 5Y5.18%
ABG.DE Yearly Profit, Operating, Gross MarginsABG.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1 -1 2 3

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5

2. ABG.DE Health Analysis

2.1 Basic Checks

  • ABG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for ABG has been reduced compared to 1 year ago.
  • Compared to 5 years ago, ABG has less shares outstanding
  • Compared to 1 year ago, ABG has a worse debt to assets ratio.
ABG.DE Yearly Shares OutstandingABG.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
ABG.DE Yearly Total Debt VS Total AssetsABG.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • ABG has an Altman-Z score of 4.91. This indicates that ABG is financially healthy and has little risk of bankruptcy at the moment.
  • ABG's Altman-Z score of 4.91 is amongst the best of the industry. ABG outperforms 93.94% of its industry peers.
  • ABG has a debt to FCF ratio of 2.20. This is a good value and a sign of high solvency as ABG would need 2.20 years to pay back of all of its debts.
  • ABG has a Debt to FCF ratio of 2.20. This is amongst the best in the industry. ABG outperforms 93.94% of its industry peers.
  • A Debt/Equity ratio of 3.97 is on the high side and indicates that ABG has dependencies on debt financing.
  • The Debt to Equity ratio of ABG (3.97) is worse than 81.82% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for ABG, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 3.97
Debt/FCF 2.2
Altman-Z 4.91
ROIC/WACC1.77
WACC8.49%
ABG.DE Yearly LT Debt VS Equity VS FCFABG.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B

2.3 Liquidity

  • ABG has a Current Ratio of 0.92. This is a bad value and indicates that ABG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ABG's Current ratio of 0.92 is in line compared to the rest of the industry. ABG outperforms 48.48% of its industry peers.
  • A Quick Ratio of 0.51 indicates that ABG may have some problems paying its short term obligations.
  • ABG's Quick ratio of 0.51 is on the low side compared to the rest of the industry. ABG is outperformed by 69.70% of its industry peers.
Industry RankSector Rank
Current Ratio 0.92
Quick Ratio 0.51
ABG.DE Yearly Current Assets VS Current LiabilitesABG.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. ABG.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 14.99% over the past year.
  • The Earnings Per Share has been growing by 15.14% on average over the past years. This is quite good.
  • Looking at the last year, ABG shows a small growth in Revenue. The Revenue has grown by 7.45% in the last year.
  • ABG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.09% yearly.
EPS 1Y (TTM)14.99%
EPS 3Y13.21%
EPS 5Y15.14%
EPS Q2Q%9.38%
Revenue 1Y (TTM)7.45%
Revenue growth 3Y10.43%
Revenue growth 5Y11.09%
Sales Q2Q%5.45%

3.2 Future

  • Based on estimates for the next years, ABG will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.19% on average per year.
  • Based on estimates for the next years, ABG will show a small growth in Revenue. The Revenue will grow by 7.10% on average per year.
EPS Next Y11.29%
EPS Next 2Y11.53%
EPS Next 3Y11.3%
EPS Next 5Y11.19%
Revenue Next Year7.99%
Revenue Next 2Y7.38%
Revenue Next 3Y7.15%
Revenue Next 5Y7.1%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ABG.DE Yearly Revenue VS EstimatesABG.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100B 200B 300B 400B
ABG.DE Yearly EPS VS EstimatesABG.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15 20 25

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2

4. ABG.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.49, ABG is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of ABG indicates a slightly more expensive valuation: ABG is more expensive than 66.67% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of ABG to the average of the S&P500 Index (25.70), we can say ABG is valued inline with the index average.
  • The Price/Forward Earnings ratio is 17.66, which indicates a rather expensive current valuation of ABG.
  • Based on the Price/Forward Earnings ratio, ABG is valued a bit more expensive than 72.73% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of ABG to the average of the S&P500 Index (23.84), we can say ABG is valued slightly cheaper.
Industry RankSector Rank
PE 21.49
Fwd PE 17.66
ABG.DE Price Earnings VS Forward Price EarningsABG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 75.76% of the companies in the same industry are cheaper than ABG, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ABG is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 18.94
EV/EBITDA 14.83
ABG.DE Per share dataABG.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 500 1K

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of ABG may justify a higher PE ratio.
PEG (NY)1.9
PEG (5Y)1.42
EPS Next 2Y11.53%
EPS Next 3Y11.3%

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4

5. ABG.DE Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.68%, ABG is not a good candidate for dividend investing.
  • ABG's Dividend Yield is comparable with the industry average which is at 1.63.
  • With a Dividend Yield of 0.68, ABG pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.68%

5.2 History

  • The dividend of ABG is nicely growing with an annual growth rate of 6.10%!
Dividend Growth(5Y)6.1%
Div Incr YearsN/A
Div Non Decr YearsN/A
ABG.DE Yearly Dividends per shareABG.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 27.86% of the earnings are spent on dividend by ABG. This is a low number and sustainable payout ratio.
  • The dividend of ABG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP27.86%
EPS Next 2Y11.53%
EPS Next 3Y11.3%
ABG.DE Yearly Income VS Free CF VS DividendABG.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B
ABG.DE Dividend Payout.ABG.DE Dividend Payout, showing the Payout Ratio.ABG.DE Dividend Payout.PayoutRetained Earnings

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ABG.DE Fundamentals: All Metrics, Ratios and Statistics

CENCORA INC

FRA:ABG (3/11/2026, 7:00:00 PM)

304.15

-5.95 (-1.92%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)02-04
Earnings (Next)05-05
Inst Owners96.15%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap59.17B
Revenue(TTM)325.78B
Net Income(TTM)1.63B
Analysts82.73
Price Target332.07 (9.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.68%
Yearly Dividend1.96
Dividend Growth(5Y)6.1%
DP27.86%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.22%
Min EPS beat(2)0.03%
Max EPS beat(2)0.41%
EPS beat(4)4
Avg EPS beat(4)2.55%
Min EPS beat(4)0.03%
Max EPS beat(4)6.6%
EPS beat(8)8
Avg EPS beat(8)2.86%
EPS beat(12)12
Avg EPS beat(12)3.68%
EPS beat(16)16
Avg EPS beat(16)3.51%
Revenue beat(2)0
Avg Revenue beat(2)-0.88%
Min Revenue beat(2)-1.1%
Max Revenue beat(2)-0.67%
Revenue beat(4)0
Avg Revenue beat(4)-0.85%
Min Revenue beat(4)-1.29%
Max Revenue beat(4)-0.35%
Revenue beat(8)3
Avg Revenue beat(8)-0.47%
Revenue beat(12)7
Avg Revenue beat(12)0.89%
Revenue beat(16)9
Avg Revenue beat(16)0.65%
PT rev (1m)0%
PT rev (3m)-0.53%
EPS NQ rev (1m)-0.44%
EPS NQ rev (3m)-0.65%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)-0.24%
Revenue NQ rev (1m)2.14%
Revenue NQ rev (3m)2.08%
Revenue NY rev (1m)1.68%
Revenue NY rev (3m)1.8%
Valuation
Industry RankSector Rank
PE 21.49
Fwd PE 17.66
P/S 0.21
P/FCF 18.94
P/OCF 15.93
P/B 35.8
P/tB N/A
EV/EBITDA 14.83
EPS(TTM)14.15
EY4.65%
EPS(NY)17.23
Fwd EY5.66%
FCF(TTM)16.06
FCFY5.28%
OCF(TTM)19.09
OCFY6.28%
SpS1450.33
BVpS8.5
TBVpS-69.01
PEG (NY)1.9
PEG (5Y)1.42
Graham Number52.01
Profitability
Industry RankSector Rank
ROA 2.07%
ROE 85.16%
ROCE 20.65%
ROIC 14.99%
ROICexc 16.5%
ROICexgc 4337.71%
OM 1.22%
PM (TTM) 0.5%
GM 3.63%
FCFM 1.11%
ROA(3y)2.36%
ROA(5y)2.55%
ROE(3y)223.66%
ROE(5y)N/A
ROIC(3y)15.04%
ROIC(5y)14.55%
ROICexc(3y)19.39%
ROICexc(5y)18.79%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)20.71%
ROCE(5y)20.04%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-3.36%
ROICexc growth 5Y-5.64%
OM growth 3Y-0.12%
OM growth 5Y1.81%
PM growth 3Y-12.1%
PM growth 5YN/A
GM growth 3Y0.2%
GM growth 5Y5.18%
F-Score6
Asset Turnover4.16
Health
Industry RankSector Rank
Debt/Equity 3.97
Debt/FCF 2.2
Debt/EBITDA 1.51
Cap/Depr 64.83%
Cap/Sales 0.21%
Interest Coverage 10.04
Cash Conversion 85.41%
Profit Quality 221.96%
Current Ratio 0.92
Quick Ratio 0.51
Altman-Z 4.91
F-Score6
WACC8.49%
ROIC/WACC1.77
Cap/Depr(3y)50.93%
Cap/Depr(5y)61.57%
Cap/Sales(3y)0.18%
Cap/Sales(5y)0.19%
Profit Quality(3y)200.95%
Profit Quality(5y)175.46%
High Growth Momentum
Growth
EPS 1Y (TTM)14.99%
EPS 3Y13.21%
EPS 5Y15.14%
EPS Q2Q%9.38%
EPS Next Y11.29%
EPS Next 2Y11.53%
EPS Next 3Y11.3%
EPS Next 5Y11.19%
Revenue 1Y (TTM)7.45%
Revenue growth 3Y10.43%
Revenue growth 5Y11.09%
Sales Q2Q%5.45%
Revenue Next Year7.99%
Revenue Next 2Y7.38%
Revenue Next 3Y7.15%
Revenue Next 5Y7.1%
EBIT growth 1Y29.6%
EBIT growth 3Y10.3%
EBIT growth 5Y13.11%
EBIT Next Year26.06%
EBIT Next 3Y13.75%
EBIT Next 5Y12.62%
FCF growth 1Y-0.61%
FCF growth 3Y13.28%
FCF growth 5Y11.79%
OCF growth 1Y4.95%
OCF growth 3Y12.76%
OCF growth 5Y11.92%

CENCORA INC / ABG.DE Fundamental Analysis FAQ

What is the fundamental rating for ABG stock?

ChartMill assigns a fundamental rating of 5 / 10 to ABG.DE.


What is the valuation status for ABG stock?

ChartMill assigns a valuation rating of 2 / 10 to CENCORA INC (ABG.DE). This can be considered as Overvalued.


What is the profitability of ABG stock?

CENCORA INC (ABG.DE) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for ABG stock?

The Price/Earnings (PE) ratio for CENCORA INC (ABG.DE) is 21.49 and the Price/Book (PB) ratio is 35.8.


Is the dividend of CENCORA INC sustainable?

The dividend rating of CENCORA INC (ABG.DE) is 4 / 10 and the dividend payout ratio is 27.86%.