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

  • In the past year ABG was profitable.
  • ABG had a positive operating cash flow in the past year.
  • ABG had positive earnings in each of the past 5 years.
  • Each year in the past 5 years ABG had a positive operating cash flow.
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 has a Return On Assets (2.07%) which is in line with its industry peers.
  • The Return On Equity of ABG (85.16%) is better than 100.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 14.99%, ABG belongs to the top of the industry, outperforming 96.97% of the companies in the same industry.
  • ABG had an Average Return On Invested Capital over the past 3 years of 15.04%. This is significantly above the industry average of 6.20%.
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 60.61% of its industry peers.
  • ABG's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 1.22%, ABG is doing worse than 84.85% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ABG has grown nicely.
  • 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.
  • ABG's Gross Margin has improved in the last couple of years.
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.
  • ABG has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ABG has less shares outstanding
  • ABG has a worse debt/assets ratio than last year.
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

  • An Altman-Z score of 4.91 indicates that ABG is not in any danger for 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.
  • The Debt to FCF ratio of ABG is 2.20, which is a good value as it means it would take ABG, 2.20 years of fcf income to pay off 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.
  • ABG has a Debt to Equity ratio of 3.97. This is in the lower half of the industry: ABG underperforms 78.79% 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/WACC1.75
WACC8.59%
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.
  • With a Current ratio value of 0.92, ABG perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
  • ABG has a Quick 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.
  • Looking at the Quick ratio, with a value of 0.51, ABG is doing worse than 75.76% of the companies in the same industry.
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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5

3. ABG.DE Growth Analysis

3.1 Past

  • ABG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.99%, which is quite good.
  • ABG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.14% yearly.
  • ABG shows a small growth in Revenue. In the last year, the Revenue has grown by 7.45%.
  • 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 Year7.93%
Revenue Next 2Y7.39%
Revenue Next 3Y7.24%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

  • A Price/Earnings ratio of 21.51 indicates a rather expensive valuation of ABG.
  • 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 (26.78), we can say ABG is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 17.67, the valuation of ABG can be described as rather expensive.
  • 75.76% of the companies in the same industry are cheaper than ABG, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of ABG to the average of the S&P500 Index (23.54), we can say ABG is valued slightly cheaper.
Industry RankSector Rank
PE 21.51
Fwd PE 17.67
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

  • Based on the Enterprise Value to EBITDA ratio, ABG is valued a bit more expensive than 75.76% of the companies in the same industry.
  • ABG's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 18.95
EV/EBITDA 14.84
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)1.91
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

  • ABG has a yearly dividend return of 0.72%, which is pretty low.
  • ABG's Dividend Yield is comparable with the industry average which is at 1.93.
  • Compared to an average S&P500 Dividend Yield of 1.89, ABG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.72%

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.
  • ABG's earnings are growing more than its dividend. This makes the dividend growth 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 0.72%
Yearly Dividend1.95
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)-0.24%
EPS NQ rev (3m)-0.95%
EPS NY rev (1m)0.05%
EPS NY rev (3m)-0.24%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)1.91%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)1.74%
Valuation
Industry RankSector Rank
PE 21.51
Fwd PE 17.67
P/S 0.21
P/FCF 18.95
P/OCF 15.94
P/B 35.83
P/tB N/A
EV/EBITDA 14.84
EPS(TTM)14.14
EY4.65%
EPS(NY)17.21
Fwd EY5.66%
FCF(TTM)16.05
FCFY5.28%
OCF(TTM)19.08
OCFY6.27%
SpS1449.32
BVpS8.49
TBVpS-68.96
PEG (NY)1.91
PEG (5Y)1.42
Graham Number51.97
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
WACC8.59%
ROIC/WACC1.75
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 Year7.93%
Revenue Next 2Y7.39%
Revenue Next 3Y7.24%
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.


How profitable is CENCORA INC (ABG.DE) stock?

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


Can you provide the financial health for ABG stock?

The financial health rating of CENCORA INC (ABG.DE) is 5 / 10.


What is the expected EPS growth for CENCORA INC (ABG.DE) stock?

The Earnings per Share (EPS) of CENCORA INC (ABG.DE) is expected to grow by 11.29% in the next year.