Company Valuation: Cardinal Health, Inc.

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 14,240 24,078 23,948 40,098 55,638 51,415 - -
Change - 69.09% -0.54% 67.44% 38.76% -7.59% - -
Enterprise Value (EV) 1 14,838 24,736 23,907 44,751 59,668 53,780 52,018 48,903
Change - 66.71% -3.35% 87.19% 33.33% -9.87% -3.28% -5.99%
P/E -15.6x 94.6x 28.5x 26x 32.9x 21.7x 19.2x 17.3x
PBR -20.6x -8.32x -7.5x -14.4x -19.2x -44x 75.1x 17.4x
PEG - -1x 0x 0.3x 2.7x 0.5x 1.5x 1.6x
Capitalization / Revenue 0.08x 0.12x 0.11x 0.18x 0.22x 0.19x 0.18x 0.17x
EV / Revenue 0.08x 0.12x 0.11x 0.2x 0.23x 0.2x 0.18x 0.16x
EV / EBITDA 6.29x 10x 8.42x 14.4x 14.5x 12.2x 10.8x 9.45x
EV / EBIT 7.46x 12x 9.9x 16.1x 16.5x 13.8x 12.1x 10.5x
EV / FCF 5.43x 10.5x 7.35x 24.2x 13.2x 15.7x 13.1x 11.4x
FCF Yield 18.4% 9.53% 13.6% 4.13% 7.58% 6.36% 7.63% 8.74%
Dividend per Share 2 1.96 1.988 2.02 2.02 2.04 2.096 2.133 2.147
Rate of return 3.75% 2.1% 2.05% 1.2% 0.86% 0.94% 0.96% 0.97%
EPS 2 -3.35 1 3.45 6.45 7.23 10.23 11.56 12.84
Distribution rate -58.5% 199% 58.6% 31.3% 28.2% 20.5% 18.5% 16.7%
Net sales 1 181,364 205,012 226,827 222,578 254,248 265,723 281,801 297,599
EBITDA 1 2,358 2,464 2,840 3,112 4,111 4,418 4,811 5,176
EBIT 1 1,990 2,057 2,414 2,786 3,624 3,910 4,301 4,660
Net income 1 -933 261 852 1,561 1,714 2,324 2,610 2,954
Net Debt 1 598 658 -41 4,653 4,030 2,365 602.6 -2,513
Reference price 2 52.27 94.57 98.32 168.00 237.56 222.04 222.04 222.04
Nbr of stocks (in thousands) 272,427 254,600 243,567 238,677 234,206 231,559 - -
Announcement Date 8/11/22 8/15/23 8/14/24 8/12/25 8/11/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.07x0.21x12.42x0.93% 52.5B
22.72x0.25x14.27x0.41% 103B
33.57x2.53x22.75x1.8% 20.73B
10.6x0.19x4.42x2.85% 7.98B
13x0.93x7.66x3.05% 7.01B
9.76x1.83x5.77x3.5% 6.64B
5.38x0.08x2.37x5.5% 6.01B
24.85x1.14x14.26x3.09% 5.01B
12.9x - - 2.57% 3.78B
11x0.12x4.37x4.05% 3.73B
Average 16.59x 0.81x 9.81x 2.78% 21.67B
Weighted average by Cap. 21.64x 0.54x 13.28x 1.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Cardinal Health, Inc.
-40%: Exceptional extension
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