Cardinal Health Stock Revenue
| CAH Stock | USD 106.00 0.52 0.49% |
Cardinal Health fundamentals help investors to digest information that contributes to Cardinal Health's financial success or failures. It also enables traders to predict the movement of Cardinal Stock. The fundamental analysis module provides a way to measure Cardinal Health'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 Cardinal Health stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 235.8 B | 247.6 B |
Cardinal | Revenue |
Cardinal Health Company Revenue Analysis
Cardinal Health's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Cardinal Health Revenue | 205.01 B |
Most of Cardinal Health's fundamental indicators, such as Revenue, 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, Cardinal Health is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Historical and Projected quarterly revenue of Cardinal
Projected quarterly revenue analysis of Cardinal Health provides investors and stakeholders with an insight into the company's performance and growth prospects. When actual revenues of Cardinal Health match or exceed analyst estimates, it positively influences investor confidence and market perception, often leading to a rise in Cardinal Health's stock price.
Cardinal Revenue Driver Correlations
Understanding the fundamental principles of building solid financial models for Cardinal Health is extremely important. It helps to project a fair market value of Cardinal Stock properly, considering its historical fundamentals such as Revenue. Since Cardinal Health'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 Cardinal Health'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 Cardinal Health's interrelated accounts and indicators.
| 0.75 | 0.75 | 0.22 | 0.34 | 0.02 | ||
| 0.75 | 1.0 | -0.16 | 0.17 | 0.14 | ||
| 0.75 | 1.0 | -0.15 | 0.17 | 0.15 | ||
| 0.22 | -0.16 | -0.15 | 0.11 | -0.4 | ||
| 0.34 | 0.17 | 0.17 | 0.11 | -0.73 | ||
| 0.02 | 0.14 | 0.15 | -0.4 | -0.73 |
Click cells to compare fundamentals
Cardinal Revenue Historical Pattern
Today, most investors in Cardinal Health Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cardinal Health's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Cardinal Health revenue as a starting point in their analysis.
Cardinal Health Revenue |
| Timeline |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Cardinal Current Deferred Revenue
Current Deferred Revenue |
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Based on the latest financial disclosure, Cardinal Health reported 205.01 B of revenue. This is much higher than that of the Health Care Providers & Services sector and 157.18% higher than that of the Health Care industry. The revenue for all United States stocks is significantly lower than that of the firm.
Cardinal Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cardinal Health's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cardinal Health could also be used in its relative valuation, which is a method of valuing Cardinal Health by comparing valuation metrics of similar companies.Cardinal Health is currently under evaluation in revenue category among related companies.
Cardinal Health 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, Cardinal Health's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Cardinal Health's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Cardinal Health Institutional Holders
Institutional Holdings refers to the ownership stake in Cardinal Health that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cardinal Health'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 Cardinal Health's value.| Shares | Aqr Capital Management Llc | 2023-12-31 | 2.9 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 2.7 M | Pacer Advisors, Inc. | 2023-12-31 | 2.6 M | Norges Bank | 2023-12-31 | 2.6 M | Goldman Sachs Group Inc | 2023-12-31 | 2.6 M | Legal & General Group Plc | 2023-12-31 | 2.5 M | Lsv Asset Management | 2023-12-31 | 2.5 M | Amundi | 2023-12-31 | 2.2 M | Nuveen Asset Management, Llc | 2023-12-31 | 2 M | Vanguard Group Inc | 2023-12-31 | 31.3 M | Blackrock Inc | 2023-12-31 | 26.1 M |
Cardinal Fundamentals
| Return On Asset | 0.0279 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 26.2 B | ||||
| Shares Outstanding | 243.23 M | ||||
| Shares Owned By Insiders | 0.58 % | ||||
| Shares Owned By Institutions | 90.20 % | ||||
| Number Of Shares Shorted | 9.04 M | ||||
| Price To Earning | 16.00 X | ||||
| Price To Book | 16.07 X | ||||
| Price To Sales | 0.12 X | ||||
| Revenue | 205.01 B | ||||
| Gross Profit | 6.54 B | ||||
| EBITDA | 2.47 B | ||||
| Net Income | 262 M | ||||
| Cash And Equivalents | 4.04 B | ||||
| Cash Per Share | 13.32 X | ||||
| Total Debt | 4.7 B | ||||
| Debt To Equity | 5.63 % | ||||
| Current Ratio | 1.04 X | ||||
| Book Value Per Share | (14.13) X | ||||
| Cash Flow From Operations | 2.84 B | ||||
| Short Ratio | 3.40 X | ||||
| Earnings Per Share | 2.52 X | ||||
| Price To Earnings To Growth | 0.31 X | ||||
| Target Price | 115.93 | ||||
| Number Of Employees | 47.04 K | ||||
| Beta | 0.7 | ||||
| Market Capitalization | 26.07 B | ||||
| Total Asset | 43.42 B | ||||
| Retained Earnings | (534 M) | ||||
| Working Capital | 127 M | ||||
| Current Asset | 21.96 B | ||||
| Current Liabilities | 19.7 B | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 3.61 % | ||||
| Net Asset | 43.42 B | ||||
| Last Dividend Paid | 2.0 |
About Cardinal Health Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cardinal Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cardinal Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cardinal Health 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 Cardinal Health
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 Cardinal Health 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 Cardinal Health will appreciate offsetting losses from the drop in the long position's value.Moving together with Cardinal Stock
| 0.82 | ELMD | Electromed | PairCorr |
| 0.89 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.78 | BAX | Baxter International Sell-off Trend | PairCorr |
Moving against Cardinal Stock
| 0.71 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
| 0.69 | IVP | Inspire Veterinary | PairCorr |
| 0.59 | MMSI | Merit Medical Systems Financial Report 24th of April 2024 | PairCorr |
| 0.56 | NVST | Envista Holdings Corp Financial Report 1st of May 2024 | PairCorr |
| 0.5 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cardinal Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardinal Health 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 Cardinal Health - 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 Cardinal Health to buy it.
The correlation of Cardinal Health 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 Cardinal Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardinal Health 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 Cardinal Health 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.Check out Cardinal Health Piotroski F Score and Cardinal Health Altman Z Score analysis. For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.Note that the Cardinal Health information on this page should be used as a complementary analysis to other Cardinal Health'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 the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Cardinal Stock analysis
When running Cardinal Health's price analysis, check to measure Cardinal Health'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 Cardinal Health is operating at the current time. Most of Cardinal Health's value examination focuses on studying past and present price action to predict the probability of Cardinal Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardinal Health's price. Additionally, you may evaluate how the addition of Cardinal Health to your portfolios can decrease your overall portfolio volatility.
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Is Cardinal Health'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 Cardinal Health. If investors know Cardinal 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 Cardinal Health 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 (0.95) | Dividend Share 1.998 | Earnings Share 2.52 | Revenue Per Share 859.435 | Quarterly Revenue Growth 0.116 |
The market value of Cardinal Health is measured differently than its book value, which is the value of Cardinal that is recorded on the company's balance sheet. Investors also form their own opinion of Cardinal Health's value that differs from its market value or its book value, called intrinsic value, which is Cardinal Health'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 Cardinal Health's market value can be influenced by many factors that don't directly affect Cardinal Health'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 Cardinal Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardinal Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardinal Health'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.