Discounted Cash Flow

Cencora, Inc.

COR · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $146.8b $1.4b $2.7b 1.0% $6.73
2017 $153.1b (4.3%) $364.5m (-74.5%) $1.0b (-61.8%) 0.2% (-75.5%) $1.67 (-75.2%)
2018 $167.9b (9.7%) $1.7b (355.0%) $1.1b (3.6%) 1.0% (314.9%) $7.61 (355.7%)
2019 $179.6b (6.9%) $855.4m (-48.4%) $2.0b (89.2%) 0.5% (-51.8%) $4.07 (-46.5%)
2020 $189.9b (5.7%) $-3.4b (-498.5%) $1.8b (-9.7%) -1.8% (-476.9%) $-16.65 (-509.1%)
2021 $214.0b (12.7%) $1.5b (145.2%) $2.2b (21.3%) 0.7% (140.1%) $7.48 (144.9%)
2022 $238.6b (11.5%) $1.7b (10.3%) $2.2b (-1.0%) 0.7% (-1.1%) $8.15 (9.0%)
2023 $262.2b (9.9%) $1.7b (2.7%) $3.5b (56.5%) 0.7% (-6.5%) $8.62 (5.8%)
2024 $294.0b (12.1%) $1.5b (-13.5%) $3.0b (-13.2%) 0.5% (-22.9%) $7.60 (-11.8%)
2025 $321.3b (9.3%) $1.6b (3.0%) $3.2b (7.0%) 0.5% (-5.8%) $8.02 (5.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model