# Cencora (COR) Forecast Calculator

Interactive five-year financial forecast and DCF for Cencora. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/cencora/forecast
- Industry: Healthcare
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 179589121000 | 2033801000 | 1574330000 | 855365000 |
| 2022 | 189893926000 | 1837363000 | -4744292000 | -3408716000 |
| 2023 | 213988843000 | 2228369000 | 2859369000 | 1539932000 |
| 2024 | 238587006000 | 2206770000 | 3060273000 | 1698820000 |
| 2025 | 262173411000 | 3452975000 | 3304635000 | 1745293000 |

## Frequently asked questions

### What does Cencora do as a company?

Cencora, formerly AmerisourceBergen, is one of the largest global pharmaceutical sourcing and distribution services companies. It provides drug distribution and related services designed to reduce costs and improve patient outcomes, primarily operating in the U.S. and Europe.

### What are the primary drivers of Cencora's revenue growth?

Cencora's revenue growth is primarily driven by pharmaceutical volume trends, generic pricing dynamics, and strategic capital allocation. Its U.S. Healthcare Solutions segment contributes approximately 89% of its total revenue.

### What is Cencora's typical capital expenditure as a percentage of revenue?

Cencora operates with very low capital intensity, with capital expenditure typically ranging from 0.15% to 0.25% of revenue. The company has a planned $1 billion investment program through 2030 to expand U.S. distribution and cold chain capacity.

### What is the purpose of the Cencora financial model?

The Cencora financial model provides a comprehensive three-statement forecast and discounted cash flow (DCF) valuation. Its primary purpose is to help an equity analyst determine the intrinsic value of Cencora based on key industry and company-specific factors.

### Can I download an Excel financial model for Cencora?

Yes, a downloadable Excel financial model for Cencora is available. This model provides a detailed forecast horizon from FY2026 through FY2030 for financial analysis.

### How does Cencora's working capital profile impact its business model?

Cencora often operates with negative net working capital, which is a structural advantage in its asset-light, high-volume, low-margin distribution business. This profile allows the company to effectively use supplier payables to fund its inventory.