CENCORA INC (COR) Stock Fundamental Analysis
USA - NYSE:COR - US03073E1055 - Common Stock
337.81 USD
-3.4 (-1%)
337.81 USD
0 (0%)
Taking everything into account, COR scores 5 out of 10 in our fundamental rating. COR was compared to 100 industry peers in the Health Care Providers & Services industry. While COR belongs to the best of the industry regarding profitability, 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
In the past year COR was profitable.
In the past year COR had a positive cash flow from operations.
COR had positive earnings in 4 of the past 5 years.
Each year in the past 5 years COR had a positive operating cash flow.
1.2 Ratios
COR has a Return On Assets of 2.57%. This is in the better half of the industry: COR outperforms 61.39% of its industry peers.
COR has a better Return On Equity (95.81%) than 100.00% of its industry peers.
The Return On Invested Capital of COR (13.52%) is better than 92.08% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for COR is significantly above the industry average of 9.48%.
| 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
COR's Profit Margin of 0.60% is in line compared to the rest of the industry. COR outperforms 52.48% of its industry peers.
COR's Profit Margin has improved in the last couple of years.
COR has a Operating Margin (1.09%) which is in line with its industry peers.
In the last couple of years the Operating Margin of COR has remained more or less at the same level.
Looking at the Gross Margin, with a value of 3.40%, COR is doing worse than 80.20% of the companies in the same industry.
COR's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), COR is creating some value.
The number of shares outstanding for COR has been reduced compared to 1 year ago.
Compared to 5 years ago, COR has less shares outstanding
Compared to 1 year ago, COR has an improved debt to assets ratio.
2.2 Solvency
COR has an Altman-Z score of 5.03. This indicates that COR is financially healthy and has little risk of bankruptcy at the moment.
COR has a better Altman-Z score (5.03) than 82.18% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 7.22, COR is in the better half of the industry, outperforming 61.39% of the companies in the same industry.
A Debt/Equity ratio of 4.06 is on the high side and indicates that COR has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 4.06, COR is doing worse than 79.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.06 | ||
| Debt/FCF | 7.22 | ||
| Altman-Z | 5.03 |
ROIC/WACC1.47
WACC9.18%
2.3 Liquidity
COR has a Current 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.
With a Current ratio value of 0.90, COR is not doing good in the industry: 78.22% of the companies in the same industry are doing better.
A Quick Ratio of 0.53 indicates that COR may have some problems paying 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.
COR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.21% yearly.
COR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.56%.
The Revenue has been growing by 10.36% on average over the past years. This is quite good.
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 11.42% on average per year.
COR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.38% yearly.
EPS Next Y16.99%
EPS Next 2Y13.28%
EPS Next 3Y12.26%
EPS Next 5Y11.42%
Revenue Next Year9.7%
Revenue Next 2Y8.11%
Revenue Next 3Y7.61%
Revenue Next 5Y7.38%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.81, which indicates a rather expensive current valuation of COR.
Compared to the rest of the industry, the Price/Earnings ratio of COR indicates a somewhat cheap valuation: COR is cheaper than 65.35% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.11, COR is valued at the same level.
Based on the Price/Forward Earnings ratio of 19.13, the valuation of COR can be described as rather expensive.
65.35% of the companies in the same industry are more expensive than COR, based on the Price/Forward Earnings ratio.
COR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.55, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.81 | ||
| Fwd PE | 19.13 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as COR.
COR's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.37 | ||
| EV/EBITDA | 15.71 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of COR may justify a higher PE ratio.
A more expensive valuation may be justified as COR's earnings are expected to grow with 12.26% in the coming years.
PEG (NY)1.28
PEG (5Y)1.53
EPS Next 2Y13.28%
EPS Next 3Y12.26%
5. Dividend
5.1 Amount
With a yearly dividend of 0.64%, COR is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.49, COR pays a better dividend. On top of this COR pays more dividend than 82.18% of the companies listed in the same industry.
With a Dividend Yield of 0.64, COR pays less dividend than the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.64% |
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.
COR has decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.42%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
COR pays out 22.69% of its income as dividend. This is a sustainable payout ratio.
The dividend of COR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP22.69%
EPS Next 2Y13.28%
EPS Next 3Y12.26%
337.81
-3.4 (-1%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)
Earnings (Next)
Inst Owners93.38%
Inst Owner Change0%
Ins Owners0.07%
Ins Owner Change-2.59%
Market Cap65.49B
Revenue(TTM)316.65B
Net Income(TTM)1.90B
Analysts79.09
Price Target345.21 (2.19%)
Short Float %2.58%
Short Ratio3.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.64% |
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)2.11%
PT rev (3m)3.38%
EPS NQ rev (1m)0.07%
EPS NQ rev (3m)-0.75%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)0.81%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-1.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.81 | ||
| Fwd PE | 19.13 | ||
| P/S | 0.21 | ||
| P/FCF | 57.37 | ||
| P/OCF | 37.6 | ||
| P/B | 33.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.71 |
EPS(TTM)15.49
EY4.59%
EPS(NY)17.66
Fwd EY5.23%
FCF(TTM)5.89
FCFY1.74%
OCF(TTM)8.99
OCFY2.66%
SpS1633.25
BVpS10.21
TBVpS-83.94
PEG (NY)1.28
PEG (5Y)1.53
Graham Number59.66
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%
ROICexgc growth 3YN/A
ROICexgc 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 | 5.03 |
F-Score6
WACC9.18%
ROIC/WACC1.47
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 Y16.99%
EPS Next 2Y13.28%
EPS Next 3Y12.26%
EPS Next 5Y11.42%
Revenue 1Y (TTM)11.56%
Revenue growth 3Y11.16%
Revenue growth 5Y10.36%
Sales Q2Q%8.65%
Revenue Next Year9.7%
Revenue Next 2Y8.11%
Revenue Next 3Y7.61%
Revenue Next 5Y7.38%
EBIT growth 1Y19.18%
EBIT growth 3Y4.36%
EBIT growth 5Y10.24%
EBIT Next Year29.12%
EBIT Next 3Y14.27%
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%
CENCORA INC / COR FAQ
What is the fundamental rating for COR stock?
ChartMill assigns a fundamental rating of 5 / 10 to COR.
Can you provide the valuation status for CENCORA INC?
ChartMill assigns a valuation rating of 4 / 10 to CENCORA INC (COR). This can be considered as Fairly Valued.
How profitable is CENCORA INC (COR) stock?
CENCORA INC (COR) has a profitability rating of 7 / 10.
Can you provide the financial health for COR stock?
The financial health rating of CENCORA INC (COR) is 4 / 10.
Is the dividend of CENCORA INC sustainable?
The dividend rating of CENCORA INC (COR) is 5 / 10 and the dividend payout ratio is 22.69%.