Skip to Content
Morningstar

Cencora Inc COR

Morningstar Rating
Unlock
Stock XNYS Rating as of
$222.12 +0.27 (0.12%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Cencora Earnings: Healthy Margins Make Up for Slightly Tempered Sales; Fair Value Estimate Raised

Keonhee Kim

Narrow-moat Cencora reported second-quarter earnings that came in slightly better than we expected. Total sales of $68.4 billion were up 7.8% year over year as both US and international solutions enjoyed solid utilization trends and delivered solid growth. Management raised the bottom of the adjusted diluted EPS guidance range to $13.30 from $13.25 on the backdrop of strong margin growth. After ticking up our margin assumptions for the near term and accounting for time value of money impact, we raise our fair value estimate to $194 per share from $183.

Read Full Report

Price vs Fair Value

View History
COR is trading at a 672% premium.
Price
$222.12
Fair Value
$211.00
Uncertainty
Medium
1-Star Price
$842.30
5-Star Price
$248.60
Economic Moat
Pckbzh
Capital Allocation
Zvnsknxs

Bulls Say, Bears Say

Bulls

Cencora distributes pharmaceutical products to nearly one third of the industry, leading to substantial negotiation leverage with generic drug manufacturers.

Bears

Reimbursement pressures on pharmacy and provider customers have led to an emphasis on cost containment, pressuring Cencora's profitability.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if COR is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$221.85
Day Range
$221.03–222.80
52-Week Range
$163.37–246.75
Bid/Ask
$218.23 / $228.07
Market Cap
$44.30 Bil
Volume/Avg
1.0 Mil / 1.2 Mil

Key Statistics

Price/Earnings (Normalized)
17.27
Price/Sales
0.16
Dividend Yield (Trailing)
0.91%
Dividend Yield (Forward)
0.92%
Total Yield
2.74%

Company Profile

Cencora is one of three domestic leading pharmaceutical wholesalers. It sources and distributes branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. It and McKesson and Cardinal Health constitute over 90% of the us pharmaceutical wholesale industry. Cencora also provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health). Cencora expanded its international presence in 2021 by purchasing Alliance Healthcare, one of the leading drug wholesalers in Europe.
Sector
Healthcare
Industry
Medical Distribution
Stock Style Box
Mid Core
Total Number of Employees
46,000
Website
https://www.cencora.com

Competitors

Valuation

View More
Metric
COR
MCK
CAH
Price/Earnings (Normalized)
 17.2720.5913.80
Price/Book Value
 40.89——
Price/Sales
 0.160.250.11
Price/Cash Flow
 13.7917.2910.24
Price/Earnings
COR
MCK
CAH

Financial Strength

Metric
COR
MCK
CAH
Quick Ratio
 0.500.500.43
Current Ratio
 0.890.920.98
Interest Coverage
 9.1015.5718.37
Quick Ratio
COR
MCK
CAH

Profitability

Metric
COR
MCK
CAH
Return on Assets (Normalized)
 4.19%5.63%4.01%
Return on Equity (Normalized)
 373.63%——
Return on Invested Capital (Normalized)
 47.73%64.13%97.71%
Return on Assets
COR
MCK
CAH
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Medical Distribution Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
MCK
McKesson CorpVldxltjdnSwcmw$73.4 Bil
CAH
Cardinal Health IncQfmhppljMwymj$24.1 Bil
SHTDF
Sinopharm Group Co Ltd—Xfgslr$8.8 Bil
SHTDY
Sinopharm Group Co Ltd ADR—Ncscs$8.8 Bil
SHPMF
Shanghai Pharmaceuticals Holding Co Ltd Class H—Hyksjg$8.6 Bil
SHPMY
Shanghai Pharmaceuticals Holding Co Ltd ADR repr Class H—Fvgzts$8.6 Bil
AMFPF
Amplifon SpA Az nom Post Frazionamento—Bvfzmt$8.4 Bil
MAHLY
Medipal Holdings Corp ADR—Lxtx$3.1 Bil
MEPDF
Medipal Holdings Corp—Nkqw$3.0 Bil

Sponsor Center