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 59,952 - -
Change - 13.01% 28.88% 22.05% 37.34% -1.06% - -
Enterprise Value (EV) 1 28,957 30,363 38,343 45,373 63,897 67,636 69,389 70,843
Change - 4.86% 26.28% 18.33% 40.83% 5.85% 2.59% 2.1%
P/E 16.2x 16.8x 21.1x 29.9x 39.3x 17.2x 18.8x 16.7x
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 0.19x 0.19x
EV / EBITDA 9.73x 8.55x 10.4x 11.1x 13.5x 12.4x 12.2x 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% 5.97%
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 1 213,989 238,587 262,173 293,959 321,333 337,219 356,034 377,311
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 4,788 5,121 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 2 119.45 135.33 179.97 225.08 312.53 314.17 314.17 314.17
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.($)
17.2x0.2x12.44x0.76% 59.95B
31.83x4.29x16.61x2.32% 192B
20.57x3.56x12.52x3.28% 116B
31.77x7.93x20.18x1.25% 54.64B
37.93x3.42x11.71x2.14% 50B
36.4x6.41x20.11x-.--% 34.26B
46.2x1.31x12.01x0.16% 31.15B
41.08x7.2x25.83x0.26% 24.79B
20.67x3.12x11.69x1.41% 24.07B
25.65x3.86x13.45x1.12% 23.07B
Average 30.93x 4.13x 15.66x 1.27% 61B
Weighted average by Cap. 29.43x 4.03x 15.36x 1.83%

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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