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COR
CencoraNYSEHealth CareMedical DistributionSnapshot 2026-06-12
Intact
$281.67+0.07%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong, but earnings quality is fragile, indicating that reported profits may not be well-supported by cash. Management's recent track record has been unsteady, with frequent disruptive changes, although it has shown a capital-friendly stance. The sector backdrop is a headwind, which may affect overall performance. Peer multiples imply a price about 5% above where it trades (it looks cheap on this basis); the read is fair, but weakening. This assessment is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NYSE
- Sector
- Health Care
- Industry
- Medical Distribution
- Market cap
- $54.72B
- Employees
- —
- IPO date
- 2001-12-28
- Next earnings
- 2026-08-05
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 6 valuation methods, at three horizons. Current price $281.67. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfair
$296.42consensus
Range $271.82 – $328.98
vs price: -5% below
Method agreement — · 6 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$520.33consensus
Range $466.60 – $599.09
vs price: -46% below
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peersmedium confidence
At $282 COR trades at 18× p/e, below its 19× p/e peer median. Our $296 fair value sits above the price; medium confidence. Analysts: $331–$425. Not investment advice.
Multiple (P/E)
18.2x
peer 19.1x · own history 17.1x
Premium
1.0x peer
1.1x its own history
Growth the price needs
-5%
our forecast 15%
Our fair value
$296.42
range $271.82 – $328.98
Analyst range(a guide on our number, not a target)Our number is below the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fairfair — but weakening12-month view
What's priced inJustified
The price implies about 5% below a flat-multiple fair value, below our forecast of about 15%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Health Care names rated strong grew net income 59% of the time over the next year (vs 52% for the rest of the cohort, n=2344).
98th pctl · Health Care
Earnings quality
fragileOver the trailing year it converted 0.89x of net income into operating cash flow. Historically, Health Care names rated fragile grew net income 40% of the time over the next year (vs 56% for the rest of the cohort, n=1703).
23rd pctl · Health Care
Macro sensitivity
Not enough signal yet.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, the broad stock market, Fed net liquidity.
Management & capital allocation
volatile11 material management or governance events in the past 24 months, led by M&A activity. Historically, Health Care names rated volatile grew net income 43% of the time over the next year (vs 57% for the rest of the cohort, n=600).
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullish2 positive, 0 negative material events / 30dfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $4.37 → $4.35 (-0.4% / 30d). 6 raised, 4 cut, 11 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 1 maintained. 86% of analysts rate Buy.
Price target activity
1 PT revisions / 30d. Avg target 25.2% above current price.
Material events
2 positive, 0 negative / 30d. See F4 management tile for the event list.
Market and fundamentals agree. Analysts are positioned bullishly on a fundamentally strong name.
Sector context
Intermediate · WeeklyManagement scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- strong
- Margin discipline
- strong
- Balance sheet
- strong
- Post-call reaction
- strong
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$110.
How much price usually moves either way.
On a bad day, this stock has moved -$257.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,245.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- Either wayMedium confidenceQuartersactive 7d
Watch for revenue growth trends in U.S. Healthcare Solutions
Why it matters: Trends in U.S. Healthcare Solutions revenue growth indicate overall business health and market demand.
What confirms / what disproves
Confirms one read:U.S. Healthcare Solutions revenue growth exceeds 3% year-over-year in the next earnings report.
Confirms the other:U.S. Healthcare Solutions revenue growth falls below 2% year-over-year in the next earnings report.
Earnings call
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for COR yet.
This sector is also watching
- Watch for Health Care revenue growth dropping below 8% YoY
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like MCK, CAH, and HSIC keep beating earnings and guiding higher, the Healthcare sector momentum should keep lifting COR and other Healthcare names. Worth watching these names for early signals.
- If COR raises forward guidance on the next earnings call (currently NEW as of 2026-05-29), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for COR and other Healthcare names, since rate-sensitive parts of the market tend to rally when the Fed eases.
Downside triggers
- If COR cuts guidance on the next call (currently NEW as of 2026-05-29), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like MCK, CAH, and HSIC start missing or guiding lower, the Healthcare tailwind helping COR and other Healthcare names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-2915d agoItem 5.02
Executive Vice President and Chief Financial Officer — Eva C. Boratto: Ms. Boratto was hired as the new CFO, succeeding Mr. Cleary who is retiring.
Executive changepositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-0.8 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.