Cencora Stock Net Income

COR Stock  USD 244.23  0.79  0.32%   
Cencora fundamentals help investors to digest information that contributes to Cencora's financial success or failures. It also enables traders to predict the movement of Cencora Stock. The fundamental analysis module provides a way to measure Cencora's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cencora stock.
Last ReportedProjected for Next Year
Net Income1.5 B1.6 B
Net Income From Continuing OpsB2.1 B
Net Income Applicable To Common SharesB2.1 B
Net Income Per Share 7.60  7.98 
Net Income Per E B T 0.75  0.51 
At this time, Cencora's Net Income is relatively stable compared to the past year. As of 11/26/2024, Net Income From Continuing Ops is likely to grow to about 2.1 B, while Net Income Per E B T is likely to drop 0.51.
  
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Cencora Company Net Income Analysis

Cencora's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

More About Net Income | All Equity Analysis

Current Cencora Net Income

    
  1.51 B  
Most of Cencora's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cencora is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Cencora Net Income Driver Correlations

Understanding the fundamental principles of building solid financial models for Cencora is extremely important. It helps to project a fair market value of Cencora Stock properly, considering its historical fundamentals such as Net Income. Since Cencora's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cencora's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cencora's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

Cencora Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

(1.2 Billion)

Cencora reported last year Accumulated Other Comprehensive Income of (1.26 Billion)
Based on the recorded statements, Cencora reported net income of 1.51 B. This is much higher than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The net income for all United States stocks is 164.3% lower than that of the firm.

Cencora Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cencora's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cencora could also be used in its relative valuation, which is a method of valuing Cencora by comparing valuation metrics of similar companies.
Cencora is currently under evaluation in net income category among its peers.

Cencora ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Cencora's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cencora's managers, analysts, and investors.
Environmental
Governance
Social

Cencora Institutional Holders

Institutional Holdings refers to the ownership stake in Cencora that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cencora's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cencora's value.
Shares
Fmr Inc2024-09-30
4.1 M
Capital Research Global Investors2024-09-30
2.9 M
Amvescap Plc.2024-06-30
2.6 M
Bessemer Group Inc2024-06-30
2.3 M
Northern Trust Corp2024-09-30
2.2 M
Legal & General Group Plc2024-06-30
1.9 M
Alliancebernstein L.p.2024-06-30
1.6 M
Norges Bank2024-06-30
1.6 M
Ubs Asset Mgmt Americas Inc2024-09-30
1.6 M
Walgreens Boots Alliance Inc2024-06-30
24.4 M
Vanguard Group Inc2024-09-30
21.3 M

Cencora Fundamentals

About Cencora Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Cencora's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cencora using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cencora based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Cencora

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cencora position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cencora will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cencora Stock

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Moving against Cencora Stock

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The ability to find closely correlated positions to Cencora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cencora when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cencora - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cencora to buy it.
The correlation of Cencora is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cencora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cencora moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cencora can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Cencora Stock Analysis

When running Cencora's price analysis, check to measure Cencora's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cencora is operating at the current time. Most of Cencora's value examination focuses on studying past and present price action to predict the probability of Cencora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cencora's price. Additionally, you may evaluate how the addition of Cencora to your portfolios can decrease your overall portfolio volatility.