AmerisourceBergen Fundamentals

ABC
 Stock
  

USD 169.32  1.96  1.14%   

AmerisourceBergen fundamentals help investors to digest information that contributes to AmerisourceBergen's financial success or failures. It also enables traders to predict the movement of AmerisourceBergen Stock. The fundamental analysis module provides a way to measure AmerisourceBergen'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 AmerisourceBergen stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
AmerisourceBergen Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 230.29 Billion. The current year Consolidated Income is expected to grow to about 1.5 B, whereas Cost of Revenue is forecasted to decline to about 204.6 B.

AmerisourceBergen Shares Owned by Institutions Analysis

AmerisourceBergen's Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
 2019 2020 2021 2022 (projected)
Interest Expense137.88 M174.07 M200.19 M177.19 M
Gross Profit5.19 B6.94 B7.98 B6.56 B
Shares Held by Institutions 
 = 
Funds and Banks 
Firms 
More About Shares Owned by Institutions | All Equity Analysis

Current AmerisourceBergen Shares Owned by Institutions

    
  72.33 %  
Most of AmerisourceBergen's fundamental indicators, such as Shares Owned by Institutions, 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, AmerisourceBergen is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Compare to competition

Based on the latest financial disclosure, 72% of AmerisourceBergen are shares owned by institutions. This is 62.03% higher than that of the Health Care Providers & Services sector and 14.77% lower than that of the Health Care industry. The shares owned by institutions for all United States stocks is 84.47% lower than that of the firm.

AmerisourceBergen Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining AmerisourceBergen's current stock value. Our valuation model uses many indicators to compare AmerisourceBergen value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across AmerisourceBergen competition to find correlations between indicators driving AmerisourceBergen's intrinsic value. More Info.
AmerisourceBergen is rated second in operating margin category among related companies. It is rated second in shares outstanding category among related companies creating about  17,302,648,889  of Shares Outstanding per Operating Margin. AmerisourceBergen Operating Margin is projected to slightly decrease based on the last few years of reporting. The past year's Operating Margin was at 0.99. Comparative valuation analysis is a catch-all model that can be used if you cannot value AmerisourceBergen by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for AmerisourceBergen's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the AmerisourceBergen's earnings, one of the primary drivers of an investment's value.

AmerisourceBergen Market Capitalization Peer Comparison

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

AmerisourceBergen Current Valuation Drivers

We derive many important indicators used in calculating different scores of AmerisourceBergen from analyzing AmerisourceBergen's financial statements. These drivers represent accounts that assess AmerisourceBergen's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of AmerisourceBergen's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee78.97 K38.88 K(154.52 K)36.66 K38.61 K36.31 K
Revenue Per Employee8 M8.16 M8.61 M5.09 M5.42 M7.07 M
Average Assets37.68 B38.93 B41.78 B51.53 B59.26 B48.62 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.71 B1.45 B(4.87 B)2.72 B2.78 B3 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.71 B1.45 B(4.87 B)2.72 B2.45 B2.64 B
Earnings before Tax1.22 B968.34 M(5.3 B)2.22 B2 B2.15 B
Average Equity3.02 B2.96 B2.35 B(179.42 M)(161.47 M)(165.72 M)
Enterprise Value22.33 B18.66 B20.51 B29.37 B33.78 B28.54 B
Free Cash Flow1.08 B2.04 B1.87 B2.24 B2.58 B2.34 B
Invested Capital2.36 B1.71 B1.35 B5.83 B6.7 B7.23 B
Invested Capital Average2.72 B2.15 B1.71 B4.55 B5.23 B5.64 B
Market Capitalization19.95 B17.15 B19.79 B24.82 B28.54 B24.97 B
Tangible Asset Value28.06 B30.17 B35.68 B43.05 B49.51 B40.13 B
Working Capital(1.98 B)(1.45 B)(797.38 M)(2.56 B)(2.3 B)(2.36 B)

AmerisourceBergen 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, AmerisourceBergen's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to AmerisourceBergen's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

AmerisourceBergen Fundamentals

About AmerisourceBergen Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze AmerisourceBergen's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AmerisourceBergen using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AmerisourceBergen 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.
Last ReportedProjected for 2022
Cost of Revenue238.1 B204.6 B
Revenues238.6 B257.4 B
Revenue to Assets 4.22  4.94 
Revenue Per Employee5.4 M7.1 M

AmerisourceBergen Investors Sentiment

The influence of AmerisourceBergen's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in AmerisourceBergen. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to AmerisourceBergen's public news can be used to forecast risks associated with investment in AmerisourceBergen. The trend in average sentiment can be used to explain how an investor holding AmerisourceBergen can time the market purely based on public headlines and social activities around AmerisourceBergen. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
AmerisourceBergen's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for AmerisourceBergen's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average AmerisourceBergen's news discussions. The higher the estimated score, the more favorable is the investor's outlook on AmerisourceBergen.

AmerisourceBergen Implied Volatility

    
  38.93  
AmerisourceBergen's implied volatility exposes the market's sentiment of AmerisourceBergen stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if AmerisourceBergen's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that AmerisourceBergen stock will not fluctuate a lot when AmerisourceBergen's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AmerisourceBergen in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AmerisourceBergen's short interest history, or implied volatility extrapolated from AmerisourceBergen options trading.

Pair Trading with AmerisourceBergen

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 AmerisourceBergen 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 AmerisourceBergen will appreciate offsetting losses from the drop in the long position's value.

Moving together with AmerisourceBergen

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Moving against AmerisourceBergen

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The ability to find closely correlated positions to AmerisourceBergen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AmerisourceBergen 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 AmerisourceBergen - 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 AmerisourceBergen to buy it.
The correlation of AmerisourceBergen is a statistical measure of how it moves in relation to other equities. 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 AmerisourceBergen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AmerisourceBergen 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 AmerisourceBergen 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
Please continue to AmerisourceBergen Piotroski F Score and AmerisourceBergen Altman Z Score analysis. Note that the AmerisourceBergen information on this page should be used as a complementary analysis to other AmerisourceBergen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

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Is AmerisourceBergen's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AmerisourceBergen. If investors know AmerisourceBergen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AmerisourceBergen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.32) 
Market Capitalization
34.7 B
Quarterly Revenue Growth YOY
0.038
Return On Assets
0.0306
Return On Equity
0.5083
The market value of AmerisourceBergen is measured differently than its book value, which is the value of AmerisourceBergen that is recorded on the company's balance sheet. Investors also form their own opinion of AmerisourceBergen's value that differs from its market value or its book value, called intrinsic value, which is AmerisourceBergen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AmerisourceBergen's market value can be influenced by many factors that don't directly affect AmerisourceBergen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AmerisourceBergen's value and its price as these two are different measures arrived at by different means. Investors typically determine AmerisourceBergen value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AmerisourceBergen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.