CENCORA INC (COR) Stock Fundamental Analysis
NYSE:COR - US03073E1055 - Common Stock
288.3 USD
-4.3 (-1.47%)
288.3 USD
0 (0%)
Overall COR gets a fundamental rating of 5 out of 10. We evaluated COR against 101 industry peers in the Health Care Providers & Services industry. COR has an excellent profitability rating, but there are some minor concerns on its financial health. COR is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
COR had positive earnings in the past year.
In the past year COR had a positive cash flow from operations.
Of the past 5 years COR 4 years were profitable.
COR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.57%, COR is in the better half of the industry, outperforming 62.38% of the companies in the same industry.
Looking at the Return On Equity, with a value of 95.81%, COR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
COR has a better Return On Invested Capital (13.52%) than 91.09% of its industry peers.
The Average Return On Invested Capital over the past 3 years for COR is significantly above the industry average of 9.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 95.81% | ||
| ROIC | 13.52% |
ROA(3y)2.68%
ROA(5y)0.61%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)16.51%
ROIC(5y)15.55%
1.3 Margins
Looking at the Profit Margin, with a value of 0.60%, COR is in line with its industry, outperforming 51.49% of the companies in the same industry.
COR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 1.09%, COR is in line with its industry, outperforming 42.57% of the companies in the same industry.
In the last couple of years the Operating Margin of COR has remained more or less at the same level.
The Gross Margin of COR (3.40%) is worse than 80.20% of its industry peers.
In the last couple of years the Gross Margin of COR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.09% | ||
| PM (TTM) | 0.6% | ||
| GM | 3.4% |
OM growth 3Y-6.12%
OM growth 5Y-0.1%
PM growth 3Y-10.65%
PM growth 5Y1.52%
GM growth 3Y1.72%
GM growth 5Y3.69%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so COR is creating value.
The number of shares outstanding for COR has been reduced compared to 1 year ago.
COR has less shares outstanding than it did 5 years ago.
The debt/assets ratio for COR has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.95 indicates that COR is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.95, COR belongs to the top of the industry, outperforming 83.17% of the companies in the same industry.
COR has a debt to FCF ratio of 7.22. This is a slightly negative value and a sign of low solvency as COR would need 7.22 years to pay back of all of its debts.
COR has a better Debt to FCF ratio (7.22) than 63.37% of its industry peers.
COR has a Debt/Equity ratio of 4.06. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of COR (4.06) is worse than 79.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.06 | ||
| Debt/FCF | 7.22 | ||
| Altman-Z | 4.95 |
ROIC/WACC1.58
WACC8.55%
2.3 Liquidity
A Current Ratio of 0.90 indicates that COR may have some problems paying its short term obligations.
COR has a Current ratio of 0.90. This is in the lower half of the industry: COR underperforms 75.25% of its industry peers.
COR has a Quick Ratio of 0.90. This is a bad value and indicates that COR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of COR (0.53) is worse than 87.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.64% over the past year.
The Earnings Per Share has been growing by 14.21% on average over the past years. This is quite good.
Looking at the last year, COR shows a quite strong growth in Revenue. The Revenue has grown by 11.56% in the last year.
COR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.36% yearly.
EPS 1Y (TTM)16.64%
EPS 3Y14.11%
EPS 5Y14.21%
EPS Q2Q%19.76%
Revenue 1Y (TTM)11.56%
Revenue growth 3Y11.16%
Revenue growth 5Y10.36%
Sales Q2Q%8.65%
3.2 Future
Based on estimates for the next years, COR will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.69% on average per year.
COR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.48% yearly.
EPS Next Y17.02%
EPS Next 2Y13.19%
EPS Next 3Y12.22%
EPS Next 5Y11.69%
Revenue Next Year9.7%
Revenue Next 2Y8.1%
Revenue Next 3Y7.6%
Revenue Next 5Y7.48%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.61, the valuation of COR can be described as rather expensive.
Based on the Price/Earnings ratio, COR is valued a bit cheaper than 74.26% of the companies in the same industry.
When comparing the Price/Earnings ratio of COR to the average of the S&P500 Index (27.03), we can say COR is valued slightly cheaper.
With a Price/Forward Earnings ratio of 16.35, COR is valued correctly.
70.30% of the companies in the same industry are more expensive than COR, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of COR to the average of the S&P500 Index (22.63), we can say COR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.61 | ||
| Fwd PE | 16.35 |
4.2 Price Multiples
COR's Enterprise Value to EBITDA is on the same level as the industry average.
COR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.96 | ||
| EV/EBITDA | 13.6 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
COR has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as COR's earnings are expected to grow with 12.22% in the coming years.
PEG (NY)1.09
PEG (5Y)1.31
EPS Next 2Y13.19%
EPS Next 3Y12.22%
5. Dividend
5.1 Amount
With a yearly dividend of 0.73%, COR is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.51, COR pays a better dividend. On top of this COR pays more dividend than 83.17% of the companies listed in the same industry.
With a Dividend Yield of 0.73, COR pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
5.2 History
The dividend of COR has a limited annual growth rate of 5.42%.
COR has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of COR decreased in the last 3 years.
Dividend Growth(5Y)5.42%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
22.69% of the earnings are spent on dividend by COR. This is a low number and sustainable payout ratio.
COR's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP22.69%
EPS Next 2Y13.19%
EPS Next 3Y12.22%
288.3
-4.3 (-1.47%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)
Earnings (Next)
Inst Owners93.56%
Inst Owner Change0%
Ins Owners0.23%
Ins Owner Change-5.84%
Market Cap55.90B
Analysts78.18
Price Target338.09 (17.27%)
Short Float %3.53%
Short Ratio5.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.73% |
Yearly Dividend2.1
Dividend Growth(5Y)5.42%
DP22.69%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.88%
Min EPS beat(2)3.15%
Max EPS beat(2)6.6%
EPS beat(4)4
Avg EPS beat(4)4.45%
Min EPS beat(4)2.68%
Max EPS beat(4)6.6%
EPS beat(8)8
Avg EPS beat(8)4.51%
EPS beat(12)12
Avg EPS beat(12)3.81%
EPS beat(16)15
Avg EPS beat(16)3.45%
Revenue beat(2)0
Avg Revenue beat(2)-0.82%
Min Revenue beat(2)-1.29%
Max Revenue beat(2)-0.35%
Revenue beat(4)2
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-1.29%
Max Revenue beat(4)2.93%
Revenue beat(8)5
Avg Revenue beat(8)0.6%
Revenue beat(12)8
Avg Revenue beat(12)0.97%
Revenue beat(16)10
Avg Revenue beat(16)0.83%
PT rev (1m)1.24%
PT rev (3m)9.59%
EPS NQ rev (1m)-0.93%
EPS NQ rev (3m)-1.03%
EPS NY rev (1m)0.83%
EPS NY rev (3m)0.88%
Revenue NQ rev (1m)-1.34%
Revenue NQ rev (3m)-2.04%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.61 | ||
| Fwd PE | 16.35 | ||
| P/S | 0.18 | ||
| P/FCF | 48.96 | ||
| P/OCF | 32.09 | ||
| P/B | 28.23 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.6 |
EPS(TTM)15.49
EY5.37%
EPS(NY)17.63
Fwd EY6.11%
FCF(TTM)5.89
FCFY2.04%
OCF(TTM)8.99
OCFY3.12%
SpS1633.25
BVpS10.21
TBVpS-83.94
PEG (NY)1.09
PEG (5Y)1.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 95.81% | ||
| ROCE | 17.33% | ||
| ROIC | 13.52% | ||
| ROICexc | 15.22% | ||
| ROICexgc | N/A | ||
| OM | 1.09% | ||
| PM (TTM) | 0.6% | ||
| GM | 3.4% | ||
| FCFM | 0.36% |
ROA(3y)2.68%
ROA(5y)0.61%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)16.51%
ROIC(5y)15.55%
ROICexc(3y)21.56%
ROICexc(5y)21.55%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)21.17%
ROCE(5y)19.93%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y15.26%
ROICexc growth 5Y0.87%
OM growth 3Y-6.12%
OM growth 5Y-0.1%
PM growth 3Y-10.65%
PM growth 5Y1.52%
GM growth 3Y1.72%
GM growth 5Y3.69%
F-Score6
Asset Turnover4.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.06 | ||
| Debt/FCF | 7.22 | ||
| Debt/EBITDA | 1.77 | ||
| Cap/Depr | 55.39% | ||
| Cap/Sales | 0.19% | ||
| Interest Coverage | 10.99 | ||
| Cash Conversion | 38.29% | ||
| Profit Quality | 60.17% | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 4.95 |
F-Score6
WACC8.55%
ROIC/WACC1.58
Cap/Depr(3y)53.4%
Cap/Depr(5y)67.19%
Cap/Sales(3y)0.18%
Cap/Sales(5y)0.19%
Profit Quality(3y)175.45%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.64%
EPS 3Y14.11%
EPS 5Y14.21%
EPS Q2Q%19.76%
EPS Next Y17.02%
EPS Next 2Y13.19%
EPS Next 3Y12.22%
EPS Next 5Y11.69%
Revenue 1Y (TTM)11.56%
Revenue growth 3Y11.16%
Revenue growth 5Y10.36%
Sales Q2Q%8.65%
Revenue Next Year9.7%
Revenue Next 2Y8.1%
Revenue Next 3Y7.6%
Revenue Next 5Y7.48%
EBIT growth 1Y19.18%
EBIT growth 3Y4.36%
EBIT growth 5Y10.24%
EBIT Next Year29.96%
EBIT Next 3Y14.19%
EBIT Next 5Y5.18%
FCF growth 1Y-59.12%
FCF growth 3Y10.42%
FCF growth 5Y8.07%
OCF growth 1Y-46.38%
OCF growth 3Y9.35%
OCF growth 5Y8.25%