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Cencora (WBO:ABC) Cyclically Adjusted Price-to-FCF : 19.68 (As of Jun. 07, 2024)


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What is Cencora Cyclically Adjusted Price-to-FCF?

As of today (2024-06-07), Cencora's current share price is €215.35. Cencora's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €10.94. Cencora's Cyclically Adjusted Price-to-FCF for today is 19.68.

The historical rank and industry rank for Cencora's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

WBO:ABC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.56   Med: 15.63   Max: 31.13
Current: 19.9

During the past years, Cencora's highest Cyclically Adjusted Price-to-FCF was 31.13. The lowest was 10.56. And the median was 15.63.

WBO:ABC's Cyclically Adjusted Price-to-FCF is ranked better than
66.67% of 33 companies
in the Medical Distribution industry
Industry Median: 28.03 vs WBO:ABC: 19.90

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cencora's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-4.533. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €10.94 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cencora Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cencora's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cencora Cyclically Adjusted Price-to-FCF Chart

Cencora Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.48 12.46 13.52 13.48 15.27

Cencora Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.37 17.77 15.27 16.12 20.43

Competitive Comparison of Cencora's Cyclically Adjusted Price-to-FCF

For the Medical Distribution subindustry, Cencora's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cencora's Cyclically Adjusted Price-to-FCF Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Cencora's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cencora's Cyclically Adjusted Price-to-FCF falls into.



Cencora Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cencora's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=215.35/10.94
=19.68

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cencora's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Cencora's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-4.533/131.7762*131.7762
=-4.533

Current CPI (Mar. 2024) = 131.7762.

Cencora Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.456 100.560 1.908
201409 2.530 100.428 3.320
201412 3.121 99.070 4.151
201503 2.891 99.621 3.824
201506 3.967 100.684 5.192
201509 4.569 100.392 5.997
201512 2.678 99.792 3.536
201603 3.149 100.470 4.130
201606 0.245 101.688 0.317
201609 4.713 101.861 6.097
201612 -2.424 101.863 -3.136
201703 2.846 102.862 3.646
201706 -1.418 103.349 -1.808
201709 4.873 104.136 6.166
201712 -0.242 104.011 -0.307
201803 -0.667 105.290 -0.835
201806 2.884 106.317 3.575
201809 2.275 106.507 2.815
201812 1.642 105.998 2.041
201903 2.257 107.251 2.773
201906 2.090 108.070 2.548
201909 2.519 108.329 3.064
201912 0.327 108.420 0.397
202003 3.391 108.902 4.103
202006 -0.841 108.767 -1.019
202009 4.912 109.815 5.894
202012 3.329 109.897 3.992
202103 -2.188 111.754 -2.580
202106 4.314 114.631 4.959
202109 3.407 115.734 3.879
202112 3.285 117.630 3.680
202203 0.587 121.301 0.638
202206 1.319 125.017 1.390
202209 4.767 125.227 5.016
202212 2.902 125.222 3.054
202303 2.408 127.348 2.492
202306 2.893 128.729 2.961
202309 7.608 129.860 7.720
202312 3.684 129.419 3.751
202403 -4.533 131.776 -4.533

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Cencora  (WBO:ABC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cencora Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Cencora's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Cencora (WBO:ABC) Business Description

Industry
Traded in Other Exchanges
Address
1 West First Avenue, Conshohocken, PA, USA, 19428-1800
Cencora is one of three domestic leading pharmaceutical wholesalers. It sources and distributes branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. It and McKesson and Cardinal Health constitute over 90% of the U.S. pharmaceutical wholesale industry. Cencora also provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health). Cencora expanded its international presence in 2021 by purchasing Alliance Healthcare, one of the leading drug wholesalers in Europe.

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