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Cencora Inc COR

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Stock XNYS Rating as of
$309.05 −0.73 (0.24%)
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As of Delayed Price Post-Trading: $309.05 0.00

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Strong Performance From Cencora's Specialty Assets Looks Durable and Offsets Industry Headwinds

Keonhee Kim

Cencora is one of three leading domestic wholesalers of branded, generic, and specialty pharmaceutical products. With roughly $300 billion in annual US healthcare distribution sales, Cencora accounts for about a third of the domestic drug distribution market. Its two close competitors are Cardinal Health and McKesson, and the three operate as a pharmaceutical wholesale and distribution oligopoly, supplying over 90% of the US market.

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Price vs Fair Value

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COR is trading at a LOCK|GN^dw premium.
Price
$309.78
Fair Value
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Uncertainty
LOCK|DT^Z%
1-Star Price
LOCK|FV
5-Star Price
x^R
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

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

Bears

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

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Trading Information

Previous Close Price
$309.78
Day Range
$302.14–310.43
52-Week Range
$244.82–377.54
Bid/Ask
$303.00 / $315.13
Shares Outstanding
190.83M
Market Cap
$58.98B
Volume/Avg
1M / 1M

Key Statistics

Price/Earnings (Normalized)
18.06
Price/Sales
0.18
Dividend Yield (Trailing)
0.77%
Dividend Yield (Forward)
0.77%
Dividend Payment Schedule
Mar, Jun, Aug, Dec
Total Yield
2.47%

Company Profile

Cencora is one of three leading domestic 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 hold over 90% share 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
51,000
Website
https://www.cencora.com

Competitors

Valuation

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Metric
COR
CAH
MCK
Price/Earnings (Normalized)
 18.0620.4322.02
Price/Book Value
 19.38——
Price/Sales
 0.180.210.27
Price/Cash Flow
 15.2715.5217.90
Price/Earnings
COR
CAH
MCK

Financial Strength

Metric
COR
CAH
MCK
Quick Ratio
 0.480.430.50
Current Ratio
 0.930.880.89
Interest Coverage
 7.897.2523.83
Quick Ratio
COR
CAH
MCK

Profitability

Metric
COR
CAH
MCK
Return on Assets (Normalized)
 4.24%4.62%5.95%
Return on Equity (Normalized)
 141.22%——
Return on Invested Capital (Normalized)
 30.10%46.33%56.43%
Return on Assets
COR
CAH
MCK

Medical Distribution Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
McKesson Corp
MCK
LOCK|C>R&$@LOCK|>g^<$105B
 Cardinal Health Inc
CAH
LOCK|>l?F$$@LOCK|K^^t$53B
 Sigma Healthcare Ltd
SIGGF
—LOCK|&X<!!$21B
 Henry Schein Inc
HSIC
LOCK|?M^F>$LOCK|X??$$9B
 Shanghai Pharmaceuticals Holding Co Ltd ADR
SHPMY
—LOCK|^dQ$8B
 Sinopharm Group Co Ltd
SHTDF
—LOCK|Pk$6B
 Sinopharm Group Co Ltd ADR
SHTDY
—LOCK|TL#$6B
 Galenica Ltd
GALNF
—LOCK|Clnmf$5B
 Medipal Holdings Corp
MEPDF
—LOCK|%!$4B

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