Company Valuation: Cencora, Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,820 28,048 36,148 44,117 60,593 59,885 - -
Change - 13.01% 28.88% 22.05% 37.34% -1.17% - -
Enterprise Value (EV) 1 28,957 30,363 38,343 45,373 63,897 67,570 69,322 70,776
Change - 4.86% 26.28% 18.33% 40.83% 5.75% 2.59% 2.1%
P/E 16.2x 16.8x 21.1x 29.9x 39.3x 17.2x 18.8x 16.6x
PBR 111x 401x 54.2x 67.9x 34.7x 16.6x 15.5x 18.6x
PEG - 1.91x 3.46x -2.6x 6.88x 0x -2.24x 1.3x
Capitalization / Revenue 0.12x 0.12x 0.14x 0.15x 0.19x 0.18x 0.17x 0.16x
EV / Revenue 0.14x 0.13x 0.15x 0.15x 0.2x 0.2x 0.2x 0.19x
EV / EBITDA 9.73x 8.55x 10.4x 11.1x 13.5x 12.4x 12.1x 11.4x
EV / EBIT 10.9x 9.6x 11.7x 12.4x 15.1x 14.1x 13.6x 12.9x
EV / FCF 13x 13.8x 11.1x 15.1x 19.9x 22.2x 18.2x 16.7x
FCF Yield 7.7% 7.27% 9.01% 6.61% 5.02% 4.51% 5.5% 5.98%
Dividend per Share 2 1.78 1.84 1.94 2.04 2.2 2.387 2.454 2.561
Rate of return 1.49% 1.36% 1.08% 0.91% 0.7% 0.76% 0.78% 0.82%
EPS 2 7.39 8.04 8.53 7.53 7.96 18.26 16.73 18.87
Distribution rate 24.1% 22.9% 22.7% 27.1% 27.6% 13.1% 14.7% 13.6%
Net sales 1 213,989 238,587 262,173 293,959 321,333 337,121 355,252 377,311
EBITDA 1 2,977 3,553 3,702 4,080 4,721 5,437 5,708 6,216
EBIT 1 2,648 3,163 3,289 3,648 4,223 4,790 5,097 5,490
Net income 1 1,540 1,699 1,745 1,509 1,554 3,580 2,845 3,164
Net Debt 1 4,137 2,315 2,195 1,255 3,305 7,684 9,437 10,891
Reference price 2 119.45 135.33 179.97 225.08 312.53 313.82 313.82 313.82
Nbr of stocks (in thousands) 207,787 207,258 200,854 196,008 193,878 190,827 - -
Announcement Date 11/4/21 11/3/22 11/2/23 11/6/24 11/5/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.91x4.3x16.65x2.31% 193B
20.68x3.58x12.58x3.26% 117B
17.18x0.2x12.43x0.76% 59.89B
32.51x8.12x20.71x1.22% 56.01B
35.34x3.41x11.7x2.14% 49.96B
35.98x6.33x19.87x-.--% 33.87B
46.51x1.32x12.08x0.16% 31.36B
20.88x3.19x11.7x1.4% 24.77B
40.75x7.14x25.62x0.26% 24.59B
Average 31.30x 4.18x 15.93x 1.28% 65.53B
Weighted average by Cap. 29.45x 4.06x 15.49x 1.85%

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