Cencora delivered strong quarterly results and guidance upgrades, but expectations need to be moderated as these results should fade in the coming quarters. The valuation remains elevated at 17.9x forward P/E, well above the 5-year average, making the risk/reward unattractive at current levels. Key risks include heavy revenue exposure to Walgreens Boots Alliance, which faces solvency issues and plans to sell its COR stake.
Cencora (COR) is well positioned to outperform the market, as it exhibits above-average growth in financials.
I initiate Cencora, Inc. with a Buy rating and a fair value of $337, due to its stable business model and strategic specialty drug expansion. Cencora's acquisition of Retina Consultants of America and focus on GLP-1 drugs strengthen its specialty solutions, supporting long-term growth and margin improvement. Management's commitment to digital infrastructure and specialty expertise positions Cencora to benefit from robust U.S. pharmaceutical sales growth and healthcare trends.
![]() COR In 2 days Announced | Quarterly | $0.55 Per Share |
![]() COR 2 months ago Paid | Quarterly | $0.55 Per Share |
![]() COR 5 months ago Paid | Quarterly | $0.55 Per Share |
![]() COR 8 months ago Paid | Quarterly | $0.55 Per Share |
![]() COR 9 Aug 2024 Paid | Quarterly | $0.51 Per Share |
12 Nov 2025 (In 3 months) Date | | 3.81 Cons. EPS | - EPS |
5 Nov 2025 (In 2 months) Date | | 3.85 Cons. EPS | - EPS |
4 Nov 2025 (In 2 months) Date | | 3.83 Cons. EPS | - EPS |
6 Aug 2025 Date | | 3.84 Cons. EPS | 4 EPS |
29 Jul 2025 Date | | - Cons. EPS | - EPS |
![]() COR In 2 days Announced | Quarterly | $0.55 Per Share |
![]() COR 2 months ago Paid | Quarterly | $0.55 Per Share |
![]() COR 5 months ago Paid | Quarterly | $0.55 Per Share |
![]() COR 8 months ago Paid | Quarterly | $0.55 Per Share |
![]() COR 9 Aug 2024 Paid | Quarterly | $0.51 Per Share |
12 Nov 2025 (In 3 months) Date | | 3.81 Cons. EPS | - EPS |
5 Nov 2025 (In 2 months) Date | | 3.85 Cons. EPS | - EPS |
4 Nov 2025 (In 2 months) Date | | 3.83 Cons. EPS | - EPS |
6 Aug 2025 Date | | 3.84 Cons. EPS | 4 EPS |
29 Jul 2025 Date | | - Cons. EPS | - EPS |
Medical - Distribution Industry | Healthcare Sector | Robert P. Mauch PharmD CEO | NYSE Exchange | 03090BBJ8 Cusip |
US Country | 42,000 Employees | 15 Aug 2025 Last Dividend | 16 Jun 2009 Last Split | - IPO Date |
Cencora, Inc., previously known as AmerisourceBergen Corporation, represents a cornerstone in the pharmaceutical distribution industry. Established in 2001 and headquartered in Conshohocken, Pennsylvania, the company specializes in sourcing and distributing pharmaceutical products across various markets. Its operation spans a comprehensive array of services targeted at facilitating the accessibility and distribution of pharmaceuticals, healthcare products, and related services. Cencora's business operations are segmented into U.S. Healthcare Solutions and International Healthcare Solutions, each catering to a diverse range of customers and needs within the healthcare and pharmaceutical sectors.
U.S. Healthcare Solutions:
International Healthcare Solutions: