CENCORA INC (COR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:COR - US03073E1055 - Common Stock
340.25 USD
-0.8 (-0.23%)
340.25 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to COR. COR was compared to 101 industry peers in the Health Care Providers & Services industry. COR has only an average score on both its financial health and profitability. COR has a correct valuation and a medium 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.
In the past 5 years COR has always been profitable.
COR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
COR has a Return On Assets of 2.03%. This is comparable to the rest of the industry: COR outperforms 55.45% of its industry peers.
Looking at the Return On Equity, with a value of 103.06%, COR belongs to the top of the industry, outperforming 98.02% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 14.50%, COR belongs to the top of the industry, outperforming 91.09% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for COR is significantly above the industry average of 9.58%.
| Industry Rank | Sector 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%
1.3 Margins
COR's Profit Margin of 0.48% is in line compared to the rest of the industry. COR outperforms 50.49% of its industry peers.
In the last couple of years the Profit Margin of COR has declined.
COR has a Operating Margin of 1.17%. This is comparable to the rest of the industry: COR outperforms 43.56% of its industry peers.
In the last couple of years the Operating Margin of COR has grown nicely.
COR has a Gross Margin of 3.51%. This is amonst the worse of the industry: COR underperforms 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 | 1.17% | ||
| 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%
2. Health
2.1 Basic Checks
COR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
COR has less shares outstanding than it did 1 year ago.
The number of shares outstanding for COR has been reduced compared to 5 years ago.
COR has a worse debt/assets ratio than last year.
2.2 Solvency
COR has an Altman-Z score of 4.92. This indicates that COR is financially healthy and has little risk of bankruptcy at the moment.
COR's Altman-Z score of 4.92 is amongst the best of the industry. COR outperforms 85.15% of its industry peers.
COR has a debt to FCF ratio of 2.39. This is a good value and a sign of high solvency as COR would need 2.39 years to pay back of all of its debts.
COR has a Debt to FCF ratio of 2.39. This is in the better half of the industry: COR outperforms 76.24% of its industry peers.
A Debt/Equity ratio of 5.00 is on the high side and indicates that COR has dependencies on debt financing.
COR has a Debt to Equity ratio of 5.00. This is in the lower half of the industry: COR underperforms 79.21% of its industry peers.
Although COR 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5 | ||
| Debt/FCF | 2.39 | ||
| Altman-Z | 4.92 |
ROIC/WACC1.64
WACC8.86%
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: 76.24% of the companies in the same industry are doing better.
A Quick Ratio of 0.55 indicates that COR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.55, COR is doing worse than 84.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
COR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.21%, which is quite good.
COR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.14% yearly.
The Revenue has grown by 9.31% in the past year. This is quite good.
The Revenue has been growing by 11.09% on average over the past years. This is quite good.
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
COR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.82% yearly.
COR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.02% yearly.
EPS Next Y11.31%
EPS Next 2Y11%
EPS Next 3Y10.78%
EPS Next 5Y10.82%
Revenue Next Year6.24%
Revenue Next 2Y6.43%
Revenue Next 3Y6.47%
Revenue Next 5Y8.02%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.28, which indicates a rather expensive current valuation of COR.
Based on the Price/Earnings ratio, COR is valued a bit cheaper than 67.33% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.84. COR is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 19.12, COR is valued on the expensive side.
COR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. COR is cheaper than 63.37% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.40. COR is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.28 | ||
| Fwd PE | 19.12 |
4.2 Price Multiples
61.39% of the companies in the same industry are more expensive than COR, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, COR is valued a bit cheaper than 67.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.58 | ||
| EV/EBITDA | 14.43 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates COR does not grow enough to justify the current Price/Earnings ratio.
COR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.88
PEG (5Y)1.41
EPS Next 2Y11%
EPS Next 3Y10.78%
5. Dividend
5.1 Amount
With a yearly dividend of 0.71%, COR is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 0.60, 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 0.71, COR pays less dividend than the S&P500 average, which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
5.2 History
On average, the dividend of COR grows each year by 6.10%, which is quite nice.
COR has been paying a dividend for at least 10 years, so it has a reliable track record.
COR has decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.1%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
28.12% of the earnings are spent on dividend by COR. This is a low number and sustainable payout ratio.
The dividend of COR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.12%
EPS Next 2Y11%
EPS Next 3Y10.78%
340.25
-0.8 (-0.23%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)
Earnings (Next)
Inst Owners95.7%
Inst Owner Change-99.89%
Ins Owners0.1%
Ins Owner Change6%
Market Cap66.01B
Revenue(TTM)321.33B
Net Income(TTM)1.55B
Analysts80
Price Target393.22 (15.57%)
Short Float %2.5%
Short Ratio3.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
Yearly Dividend2.25
Dividend Growth(5Y)6.1%
DP28.12%
Div Incr Years2
Div Non Decr Years2
Ex-Date
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)1.22%
PT rev (3m)16.31%
EPS NQ rev (1m)-0.5%
EPS NQ rev (3m)-1.13%
EPS NY rev (1m)0.71%
EPS NY rev (3m)0.96%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.28 | ||
| Fwd PE | 19.12 | ||
| P/S | 0.21 | ||
| P/FCF | 20.58 | ||
| P/OCF | 17.03 | ||
| P/B | 43.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.43 |
EPS(TTM)15.99
EY4.7%
EPS(NY)17.8
Fwd EY5.23%
FCF(TTM)16.53
FCFY4.86%
OCF(TTM)19.98
OCFY5.87%
SpS1656.44
BVpS7.77
TBVpS-82.18
PEG (NY)1.88
PEG (5Y)1.41
Graham Number52.88
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.92 |
F-Score6
WACC8.86%
ROIC/WACC1.64
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 Y11.31%
EPS Next 2Y11%
EPS Next 3Y10.78%
EPS Next 5Y10.82%
Revenue 1Y (TTM)9.31%
Revenue growth 3Y10.43%
Revenue growth 5Y11.09%
Sales Q2Q%5.92%
Revenue Next Year6.24%
Revenue Next 2Y6.43%
Revenue Next 3Y6.47%
Revenue Next 5Y8.02%
EBIT growth 1Y23.25%
EBIT growth 3Y10.3%
EBIT growth 5Y13.11%
EBIT Next Year23.57%
EBIT Next 3Y12.83%
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 / 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 6 / 10.
Can you provide the financial health for COR stock?
The financial health rating of CENCORA INC (COR) is 5 / 10.
Is the dividend of CENCORA INC sustainable?
The dividend rating of CENCORA INC (COR) is 5 / 10 and the dividend payout ratio is 28.12%.