Stock · COR · Healthcare

Cencora Inc.

United States · Large Cap · listed since 1995 · Revenue 12 mo. $332.8B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Low Match To the score
Price
$333.56
1 Y −17.0%
Market cap
$62.3B
Phase
Growth
revenue growing, core business profitable
Revenue +10.4% a year (3 years)EBIT margin 1.1%Payout 22.8% of operating cash flow

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

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Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally. The company's U.S. Healthcare Solutions segment distributes generic and injectable pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers; distributes plasma and other blood products, vaccines, and other specialty pharmaceutical products; provides pharmacy management, staffing, and other consulting services; supply management software to retail and institutional healthcare providers; packaging solutions to institutional and retail healthcare providers; clinical trial support, product post-approval, and commercialization support services; data analytics, outcomes research, and other services for biotechnology and pharmaceutical manufacturers; pharmaceuticals, vaccines, parasiticides, diagnostics, micro feed ingredients, and other products to the companion animal and production animal markets; sales force services to manufacturers; and offers other services to physicians who specialize in various disease states, such as oncology, as well as to other healthcare providers, including hospitals and dialysis clinics. Its International Healthcare Solutions segment provides international pharmaceutical wholesale and related service, and global commercialization services; distributes pharmaceuticals, other healthcare products, and related services to pharmacies, doctors, health centers, and hospitals; and offers specialty transportation and logistics services for the biopharmaceutical industry. The company was formerly known as AmerisourceBergen Corporation and changed its name to Cencora, Inc. in August 2023. Cencora, Inc. was founded in 1871 and is headquartered in Conshohocken, Pennsylvania.

Original text from the data provider

Summary

Cencora Inc. is around the middle of the Healthcare sector overall

44.5 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 7.9% FCF growth a year: more than over the last 10 years, less than over the last 5 years.

If free cash flow stays at €2.9B (2025), it supports €32B. The remaining €24B of the market value assume it grows 7.9% a year for 10 years and not at all afterwards.

Required FCF growth per year

7.9%

no growth afterwards

Market value breakdown€55.9B market value, price as of 11/06/2026

€32B without growth
€24B priced-in growth
  • 5 yrs achieved 15.5%
  • 10 yrs achieved 3.3%
  • priced in 7.9%

Valuation against its own history

Price to operating cash flow 13.4×, within its usual range.

Middle half of 19 quarters: 10.5× to 14.4×, median 11.8×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

3 signs support the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

  • High return on capital every year ROCE at least 16.7% (10 years)
  • Low capital needs capex median 0.2% of revenue (10 years)
  • Steady FCF margin at least 0.6%, range 1.2 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • High leverage debt to equity 7.13
  • Volatile earnings 4 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 3 of 3 changes for the better.

  • FCF, 12 mo.$1.6B → $4.1B+160.6%better
  • Net debt$10.1B → $8.9B−12.2%better
  • Return on equity75.0% → 86.0%+11.0 ppbetter

5 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, FCF margin, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability40.4around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity103.06%11.52%Rank 100
Return on capital (Greenblatt)89.24%32.55%Rank 88
EBIT margin1.14%18.31%Rank 7
FCF margin1.00%14.12%Rank 7
Gross margin3.16%60.99%Rank 0
Growth31.9below the middleGrows more slowly than the sector: Sustainable growth (ROE × retained earnings) 0.21%, sector 3.66%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year9.31%8.04%Rank 56
Earnings growth, 3 years per year−0.34%5.44%Rank 34
Earnings growth, 5 years per yeardoes not count towards the rank–7.00%
Sustainable growth (ROE × retained earnings)0.21%3.66%Rank 6
Valuation66.4above the middleValued lower than the sector: EV/sales 0.21, sector 4.03.
MetricStockSector medianPosition in sector
Earnings yield2.39%2.90%Rank 35
FCF yield5.15%3.63%Rank 74
EV/saleslower is better0.214.03Rank 97
EV/EBITlower is better18.8321.73Rank 60
Momentum37.8below the middleShare price doing worse than the sector: Share price, 1 year −17.01%, sector 8.66%.
MetricStockSector medianPosition in sector
Share price, 1 year−17.01%8.66%Rank 21
Share price, 6 months28.25%24.27%Rank 61
Share price, 3 months9.22%15.42%Rank 33
Distance from 52-week high−10.99%−7.35%Rank 36
Quality66.3above the middleQuality above the sector: Change in share count −2.53%, sector 0.00%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better3.70%0.30%Rank 23
Change in share countlower is better−2.53%0.00%Rank 86
Dividend streak in years1710Rank 79
Price reaction to results, market-adjusted3.61%0.05%Rank 77
Balance sheet & risk23.9below the middleMore risk than the sector: Debt to equity 7.13, sector 0.48.
MetricStockSector medianPosition in sector
Equity ratio1.97%48.40%Rank 5
Net debt/EBITDAlower is better1.701.11Rank 39
Debt to equitylower is better7.130.48Rank 0
Volatility, 1 yearlower is better31.23%31.42%Rank 52

Ten years in figures

Revenue from $146.8B (2016) to $321.3B (2025), 9.1% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt
2016146.81.2%2.7226M$1.7B
2017153.11.3%1.0222M$1.4B
2018167.91.0%1.1220M$2.2B
2019179.61.0%2.0212M$1.1B
2020189.91.1%1.8205M$385.4M
2021214.01.3%2.2208M$6.2B
2022238.61.2%2.2211M$4.1B
2023262.20.9%3.5205M$4.1B
2024294.01.0%3.0200M$3.4B
2025321.31.1%3.2195M$6.4B
4.5 / 10Low MatchStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Cencora Inc. mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Cencora Inc.'s score is built

Cencora Inc. is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Cencora Inc. stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Balanced GARP
  • Mohanram G-Score: Growth Quality
  • Growth Momentum (CAN SLIM principle)
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Altman Z-Score: Stress Test
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

Cencora Inc. key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Cencora Inc.

MetricStockSector
P/E ratio41.930.0
P/B ratio43.24.8
Return on equity (ROE)103.1%11.5%
Equity ratio2.0%48.4%
Debt-to-equity (D/E)7.130.48
Dividend yield0.7%1.3%

Similar stocks in Healthcare

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
CORCencora Inc.this page
CAHCardinal Health IncMedium5.5
MCKMcKesson CorporationLow4.5
SIG.AXSigma Healthcare Ltdlocked
HSICHenry Schein Inclocked
M12.DEM1 Kliniken AGlocked

Frequently asked questions about Cencora Inc. stock

How does Cencora Inc. stock (COR) score in the StockScorer model?
Cencora Inc. stock reaches a StockScorer score of 4.5 out of 10, which is a low match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is Cencora Inc.'s P/E ratio?
Cencora Inc.'s P/E ratio is 41.9. The Healthcare sector median is 30.0.
What sector is Cencora Inc. in?
Cencora Inc. is assigned to the Healthcare sector. Its rank within the sector is 44.5 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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