Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Cencora

COR stock analysis · Health Care · Health Care Distributors

FY 2025-09-30ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$282.98HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$54B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$255.27

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -9.8% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

7.5%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-26.3%

52 sector peers · median 25.6×

How this is calculated ↗
Valuation

Historical multiples

26.2×

6 annual observations · snapshot P/E 34.7× · 32.8% versus history

How this is calculated ↗
Valuation

Free cash flow yield

5.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

58.5%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

35/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

14.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

1.6%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-3.2%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

3.1%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 3.9B2020-09-30: cfo $2,207,040,000.002020-09-30: capex $369,677,000.0020202021-09-30: cfo $2,666,586,000.002021-09-30: capex $438,217,000.0020212022-09-30: cfo $2,703,088,000.002022-09-30: capex $496,318,000.0020222023-09-30: cfo $3,911,334,000.002023-09-30: capex $458,359,000.0020232024-09-30: cfo $3,484,685,000.002024-09-30: capex $487,173,000.0020242025-09-30: cfo $3,875,120,000.002025-09-30: capex $667,981,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$320.18$349.35$380.71
10.0%$234.62$255.27$277.43
12.0%$185.10$200.85$217.74

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-09-30321.3B1.6B3.9B668M76.6B
2024-09-30294B1.5B3.5B487.2M67.1B
2023-09-30262.2B1.7B3.9B458.4M62.6B
2022-09-30238.6B1.7B2.7B496.3M56.6B
2021-09-30214B1.5B2.7B438.2M57.3B
2020-09-30189.9B-3.4B2.2B369.7M44.3B
2019-09-30179.6B854.1M2.3B310.2M39.2B
2018-09-30167.9B1.6B1.4B336.4M37.7B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue321.3BRevenues2025-11-25
netIncome1.6BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2025-11-25
Parent/common earnings proxy1.6BNetIncomeLoss2025-11-25
cfo3.9BNetCashProvidedByUsedInOperatingActivities2025-11-25
capex668MPaymentsToAcquirePropertyPlantAndEquipment2025-11-25
operatingIncome2.6BOperatingIncomeLoss2025-11-25
assets76.6BAssets2025-11-25
equity1.7BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2025-11-25
Parent book equity proxy1.5BStockholdersEquity2025-11-25
debt7.7BLongTermDebt2025-11-25
shortDebtNot reported under a supported tag
cash4.4BCashAndCashEquivalentsAtCarryingValue2025-11-25
shares195.2MWeightedAverageNumberOfDilutedSharesOutstanding2025-11-25
dividends437.1MPaymentsOfDividendsCommonStock2025-11-25
buybacks435.5MPaymentsForRepurchaseOfCommonStock2025-11-25
issuance29.1MReviewed manual correction
Bounded FY2025-09-30 consolidated financing-statement extraction. Exercises of stock options: 29133000 USD [us-gaap:ProceedsFromStockOptionsExercised]. All 9 financing lines reconcile exactly to reported financing cash flow 2249114000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net -25352000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates.
2025-11-25