CENCORA INC (ABG.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:ABG • US03073E1055

284 EUR
-17.45 (-5.79%)
Last: Feb 5, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall ABG gets a fundamental rating of 5 out of 10. We evaluated ABG against 33 industry peers in the Health Care Providers & Services industry. ABG has an average financial health and profitability rating. While showing a medium growth rate, ABG is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year ABG was profitable.
  • ABG had a positive operating cash flow in the past year.
  • In the past 5 years ABG has always 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 2.03% is in line compared to the rest of the industry. ABG outperforms 44.44% of its industry peers.
  • With an excellent Return On Equity value of 103.06%, ABG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 14.50%, ABG belongs to the top of the industry, outperforming 96.30% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ABG is significantly above the industry average of 5.90%.
Industry RankSector Rank
ROA 2.03%
ROE 103.06%
ROIC 14.5%
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

  • The Profit Margin of ABG (0.48%) is worse than 62.96% of its industry peers.
  • In the last couple of years the Profit Margin of ABG has declined.
  • ABG has a Operating Margin of 1.17%. This is amonst the worse of the industry: ABG underperforms 81.48% of its industry peers.
  • ABG's Operating Margin has improved in the last couple of years.
  • ABG's Gross Margin of 3.51% is on the low side compared to the rest of the industry. ABG is outperformed by 74.07% of its industry peers.
  • ABG's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 1.17%
PM (TTM) 0.48%
GM 3.51%
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

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.
  • ABG has less shares outstanding than it did 5 years ago.
  • 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

  • An Altman-Z score of 4.94 indicates that ABG is not in any danger for bankruptcy at the moment.
  • ABG has a Altman-Z score of 4.94. This is amongst the best in the industry. ABG outperforms 92.59% of its industry peers.
  • ABG has a debt to FCF ratio of 2.39. This is a good value and a sign of high solvency as ABG would need 2.39 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 2.39, ABG belongs to the best of the industry, outperforming 92.59% of the companies in the same industry.
  • A Debt/Equity ratio of 5.00 is on the high side and indicates that ABG has dependencies on debt financing.
  • ABG has a Debt to Equity ratio of 5.00. This is amonst the worse of the industry: ABG underperforms 81.48% of its industry peers.
  • Although ABG does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 5
Debt/FCF 2.39
Altman-Z 4.94
ROIC/WACC1.66
WACC8.74%
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

  • A Current Ratio of 0.90 indicates that ABG may have some problems paying its short term obligations.
  • ABG has a Current ratio (0.90) which is in line with its industry peers.
  • A Quick Ratio of 0.55 indicates that ABG may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.55, ABG is not doing good in the industry: 62.96% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.55
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

More info and screens

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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 16.21% over the past year.
  • Measured over the past years, ABG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.14% on average per year.
  • Looking at the last year, ABG shows a quite strong growth in Revenue. The Revenue has grown by 9.31% in the last year.
  • Measured over the past years, ABG shows a quite strong growth in Revenue. The Revenue has been growing by 11.09% on average per year.
EPS 1Y (TTM)16.21%
EPS 3Y13.21%
EPS 5Y15.14%
EPS Q2Q%14.97%
Revenue 1Y (TTM)9.31%
Revenue growth 3Y10.43%
Revenue growth 5Y11.09%
Sales Q2Q%5.92%

3.2 Future

  • ABG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.78% yearly.
  • ABG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.67% yearly.
EPS Next Y11.34%
EPS Next 2Y11.04%
EPS Next 3Y10.89%
EPS Next 5Y10.78%
Revenue Next Year6.2%
Revenue Next 2Y6.39%
Revenue Next 3Y6.52%
Revenue Next 5Y6.67%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.16 indicates a rather expensive valuation of ABG.
  • The rest of the industry has a similar Price/Earnings ratio as ABG.
  • When comparing the Price/Earnings ratio of ABG to the average of the S&P500 Index (27.92), we can say ABG is valued slightly cheaper.
  • ABG is valuated rather expensively with a Price/Forward Earnings ratio of 19.01.
  • Based on the Price/Forward Earnings ratio, ABG is valued a bit more expensive than the industry average as 77.78% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. ABG is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 21.16
Fwd PE 19.01
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 74.07% of the companies in the same industry.
  • ABG's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. ABG is more expensive than 70.37% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.47
EV/EBITDA 15.1
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.
  • ABG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.87
PEG (5Y)1.4
EPS Next 2Y11.04%
EPS Next 3Y10.89%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • ABG has a yearly dividend return of 0.68%, which is pretty low.
  • ABG's Dividend Yield is slightly below the industry average, which is at 1.61.
  • With a Dividend Yield of 0.68, ABG pays less dividend than the S&P500 average, which is at 1.81.
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

  • ABG pays out 28.12% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of ABG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.12%
EPS Next 2Y11.04%
EPS Next 3Y10.89%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

CENCORA INC

FRA:ABG (2/5/2026, 7:00:00 PM)

284

-17.45 (-5.79%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)11-05
Earnings (Next)02-04
Inst Owners95.74%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap55.09B
Revenue(TTM)321.33B
Net Income(TTM)1.55B
Analysts80
Price Target332.07 (16.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.68%
Yearly Dividend1.89
Dividend Growth(5Y)6.1%
DP28.12%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.78%
Min EPS beat(2)0.41%
Max EPS beat(2)3.15%
EPS beat(4)4
Avg EPS beat(4)3.89%
Min EPS beat(4)0.41%
Max EPS beat(4)6.6%
EPS beat(8)8
Avg EPS beat(8)4.4%
EPS beat(12)12
Avg EPS beat(12)3.83%
EPS beat(16)15
Avg EPS beat(16)3.46%
Revenue beat(2)0
Avg Revenue beat(2)-0.51%
Min Revenue beat(2)-0.67%
Max Revenue beat(2)-0.35%
Revenue beat(4)1
Avg Revenue beat(4)0.16%
Min Revenue beat(4)-1.29%
Max Revenue beat(4)2.93%
Revenue beat(8)4
Avg Revenue beat(8)0.09%
Revenue beat(12)7
Avg Revenue beat(12)0.91%
Revenue beat(16)9
Avg Revenue beat(16)0.67%
PT rev (1m)-0.53%
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.01%
EPS NY rev (1m)0.02%
EPS NY rev (3m)0.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.58%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.33%
Valuation
Industry RankSector Rank
PE 21.16
Fwd PE 19.01
P/S 0.2
P/FCF 20.47
P/OCF 16.95
P/B 43.54
P/tB N/A
EV/EBITDA 15.1
EPS(TTM)13.42
EY4.73%
EPS(NY)14.94
Fwd EY5.26%
FCF(TTM)13.87
FCFY4.88%
OCF(TTM)16.76
OCFY5.9%
SpS1389.75
BVpS6.52
TBVpS-68.95
PEG (NY)1.87
PEG (5Y)1.4
Graham Number44.38
Profitability
Industry RankSector Rank
ROA 2.03%
ROE 103.06%
ROCE 19.96%
ROIC 14.5%
ROICexc 18.88%
ROICexgc N/A
OM 1.17%
PM (TTM) 0.48%
GM 3.51%
FCFM 1%
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 Turnover4.2
Health
Industry RankSector Rank
Debt/Equity 5
Debt/FCF 2.39
Debt/EBITDA 1.57
Cap/Depr 62.52%
Cap/Sales 0.21%
Interest Coverage 10.51
Cash Conversion 80.48%
Profit Quality 206.36%
Current Ratio 0.9
Quick Ratio 0.55
Altman-Z 4.94
F-Score6
WACC8.74%
ROIC/WACC1.66
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)16.21%
EPS 3Y13.21%
EPS 5Y15.14%
EPS Q2Q%14.97%
EPS Next Y11.34%
EPS Next 2Y11.04%
EPS Next 3Y10.89%
EPS Next 5Y10.78%
Revenue 1Y (TTM)9.31%
Revenue growth 3Y10.43%
Revenue growth 5Y11.09%
Sales Q2Q%5.92%
Revenue Next Year6.2%
Revenue Next 2Y6.39%
Revenue Next 3Y6.52%
Revenue Next 5Y6.67%
EBIT growth 1Y23.25%
EBIT growth 3Y10.3%
EBIT growth 5Y13.11%
EBIT Next Year23.6%
EBIT Next 3Y13.21%
EBIT Next 5YN/A
FCF growth 1Y6.99%
FCF growth 3Y13.28%
FCF growth 5Y11.79%
OCF growth 1Y11.2%
OCF growth 3Y12.76%
OCF growth 5Y11.92%

CENCORA INC / ABG.DE 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 21.16 and the Price/Book (PB) ratio is 43.54.


Is the dividend of CENCORA INC sustainable?

The dividend rating of CENCORA INC (ABG.DE) is 4 / 10 and the dividend payout ratio is 28.12%.