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McKesson Corp MCK

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Stock XNYS Rating as of
$584.83 −1.51 (0.26%)
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Company Report

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McKesson's Near-Term Looks Promising on OptumRx Win, GLP-1 Tailwinds, and Specialty Solutions

Keonhee Kim

McKesson is one of three leading domestic wholesalers of branded, generic, and specialty pharmaceutical products. With roughly $280 billion in sales from its US pharmaceutical segment in fiscal 2024, the company supplies roughly one third of the domestic drug distribution market. Its two close competitors are Cencora and Cardinal Health. Together, the three operate as a pharmaceutical wholesale and distribution oligopoly, supplying over 90% of the US market.

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Price vs Fair Value

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MCK is trading within a range we consider fairly valued.
Price
$586.34
Fair Value
$599.00
Uncertainty
Medium
1-Star Price
$299.00
5-Star Price
$591.00
Economic Moat
Tmrdg
Capital Allocation
Gwrfrnmp

Bulls Say, Bears Say

Bulls

McKesson distributes pharmaceutical products to nearly one third of the industry, leading to substantial negotiation leverage with generic drug manufacturers.

Bears

Reimbursement pressures on pharmacy and provider customers have led to an emphasis on cost containment, pressuring McKesson’s profitability.

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Trading Information

Previous Close Price
$586.34
Day Range
$575.55–586.13
52-Week Range
$395.30–612.17
Bid/Ask
$583.01 / $597.77
Market Cap
$75.86 Bil
Volume/Avg
554,380 / 686,498

Key Statistics

Price/Earnings (Normalized)
21.33
Price/Sales
0.25
Dividend Yield (Trailing)
0.42%
Dividend Yield (Forward)
0.42%
Total Yield
4.26%

Company Profile

McKesson Corp is one of three leading pharmaceutical wholesalers in the us engaged in sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and Cardinal Health, the three account for over 90% of the us pharmaceutical wholesale industry. Outside the us market, McKesson engages in pharmaceutical wholesale and distribution in Canada. Additionally, the company supplies medical-surgical products and equipment to healthcare facilities and provides a variety of technology solutions for pharmacies.
Sector
Healthcare
Industry
Medical Distribution
Stock Style Box
Large Core
Total Number of Employees
51,000
Website
https://www.mckesson.com

Competitors

Valuation

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Metric
MCK
CVS
CAH
Price/Earnings (Normalized)
 21.337.3313.45
Price/Book Value
 —0.97—
Price/Sales
 0.250.200.11
Price/Cash Flow
 17.916.069.98
Price/Earnings
MCK
CVS
CAH

Financial Strength

Metric
MCK
CVS
CAH
Quick Ratio
 0.500.540.42
Current Ratio
 0.920.810.98
Interest Coverage
 15.574.5514.23
Quick Ratio
MCK
CVS
CAH

Profitability

Metric
MCK
CVS
CAH
Return on Assets (Normalized)
 5.63%4.07%4.01%
Return on Equity (Normalized)
 —13.68%—
Return on Invested Capital (Normalized)
 64.13%7.90%97.71%
Return on Assets
MCK
CVS
CAH
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Medical Distribution Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Cencora Inc
COR
JdzpwqzwGnldv$43.8 Bil
 Cardinal Health Inc
CAH
TvjxpyddFgjvnc$23.5 Bil
 Shanghai Pharmaceuticals Holding Co Ltd Class H
SHPMF
—Snjqp$8.8 Bil
 Shanghai Pharmaceuticals Holding Co Ltd ADR repr Class H
SHPMY
—Yjnc$8.8 Bil
 Sinopharm Group Co Ltd ADR
SHTDY
—Tggxpkn$8.3 Bil
 Sinopharm Group Co Ltd
SHTDF
—Jcvfx$8.3 Bil
 Amplifon SpA Az nom Post Frazionamento
AMFPF
—Fsyfhr$8.1 Bil
 Medipal Holdings Corp ADR
MAHLY
—Yrqn$3.2 Bil
 Medipal Holdings Corp
MEPDF
—Zbvn$3.2 Bil

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