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 59,038 - -
Change - 13.01% 28.88% 22.05% 37.34% -2.57% - -
Enterprise Value (EV) 1 28,957 30,363 38,343 45,373 63,897 63,371 64,331 64,229
Change - 4.86% 26.28% 18.33% 40.83% -0.82% 1.51% -0.16%
P/E 16.2x 16.8x 21.1x 29.9x 39.3x 16.9x 17.9x 16.1x
PBR 111x 401x 54.2x 67.9x 34.7x 13.6x 9.9x 7.55x
PEG - 1.91x 3.46x -2.6x 6.88x 0x -3.04x 1.4x
Capitalization / Revenue 0.12x 0.12x 0.14x 0.15x 0.19x 0.18x 0.16x 0.16x
EV / Revenue 0.14x 0.13x 0.15x 0.15x 0.2x 0.19x 0.18x 0.17x
EV / EBITDA 9.73x 8.55x 10.4x 11.1x 13.5x 11.9x 11.2x 10.4x
EV / EBIT 10.9x 9.6x 11.7x 12.4x 15.1x 13.3x 12.5x 11.6x
EV / FCF 13x 13.8x 11.1x 15.1x 19.9x 19.9x 18.6x 15.4x
FCF Yield 7.7% 7.27% 9.01% 6.61% 5.02% 5.02% 5.37% 6.51%
Dividend per Share 2 1.78 1.84 1.94 2.04 2.2 2.371 2.444 2.559
Rate of return 1.49% 1.36% 1.08% 0.91% 0.7% 0.78% 0.81% 0.84%
EPS 2 7.39 8.04 8.53 7.53 7.96 17.97 16.91 18.88
Distribution rate 24.1% 22.9% 22.7% 27.1% 27.6% 13.2% 14.4% 13.6%
Net sales 1 213,989 238,587 262,173 293,959 321,333 336,936 358,107 380,648
EBITDA 1 2,977 3,553 3,702 4,080 4,721 5,314 5,741 6,196
EBIT 1 2,648 3,163 3,289 3,648 4,223 4,766 5,157 5,545
Net income 1 1,540 1,699 1,745 1,509 1,554 3,471 2,982 3,244
Net Debt 1 4,137 2,315 2,195 1,255 3,305 4,333 5,293 5,192
Reference price 2 119.45 135.33 179.97 225.08 312.53 303.44 303.44 303.44
Nbr of stocks (in thousands) 207,787 207,258 200,854 196,008 193,878 194,561 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.88x0.19x11.92x0.78% 59.04B
23.23x3.49x13.07x2.71% 164B
19.01x3.31x11.67x3.53% 107B
31.57x7.65x20x1.27% 51.72B
37.86x3.01x10.33x2.53% 41.87B
39.35x1.42x12.52x0.2% 34.7B
30.62x5.46x17.4x-.--% 28.93B
42.01x7.28x26.26x0.25% 24.99B
23.76x3.47x12.49x1.22% 21.05B
46.6x6.27x20.14x0.47% 20.39B
Average 31.09x 4.16x 15.58x 1.3% 55.37B
Weighted average by Cap. 26.75x 3.70x 14.14x 1.97%

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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