Mckesson Stock Beta

MCK Stock

USD 532.00 4.68 0.89%

McKesson fundamentals help investors to digest information that contributes to McKesson's financial success or failures. It also enables traders to predict the movement of McKesson Stock. The fundamental analysis module provides a way to measure McKesson'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 McKesson stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

McKesson Company Beta Analysis

McKesson's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current McKesson Beta

0.45

Most of McKesson's fundamental indicators, such as Beta, 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, McKesson is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

McKesson Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for McKesson is extremely important. It helps to project a fair market value of McKesson Stock properly, considering its historical fundamentals such as Beta. Since McKesson'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 McKesson'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 McKesson's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Long Term Debt	Short Term Investments	Treasury Stock	Common Stock	Property Plant Equipment	Current Deferred Revenue	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.19	0.53	0.62	0.94	0.99	0.96	0.98	0.67	0.52	0.56	-0.13	-0.7	-0.41	0.81	0.6	0.83	-0.77	0.6	0.74	0.56	-0.66	0.5	-0.59	-0.45	-0.47
Total Stockholder Equity	-0.19		0.52	0.33	-0.46	-0.21	-0.45	-0.33	0.01	0.6	0.52	-0.73	0.63	0.57	0.12	-0.79	0.16	0.68	0.45	-0.54	0.23	0.42	-0.73	0.9	0.75	0.6
Net Debt	0.53	0.52		0.67	0.27	0.48	0.33	0.41	0.52	0.92	0.92	-0.44	-0.09	-0.02	0.77	-0.15	0.78	-0.15	0.88	0.2	0.5	-0.17	-0.17	0.2	0.22	0.01
Retained Earnings	0.62	0.33	0.67		0.48	0.61	0.48	0.54	0.45	0.72	0.67	-0.48	-0.42	0.16	0.72	0.12	0.83	-0.31	0.56	0.56	0.39	-0.28	0.07	-0.03	-0.13	0.14
Accounts Payable	0.94	-0.46	0.27	0.48		0.96	0.99	0.97	0.53	0.24	0.28	0.14	-0.78	-0.55	0.67	0.78	0.67	-0.85	0.35	0.8	0.51	-0.75	0.67	-0.79	-0.65	-0.57
Net Receivables	0.99	-0.21	0.48	0.61	0.96		0.96	0.98	0.65	0.46	0.5	-0.08	-0.69	-0.44	0.79	0.63	0.8	-0.75	0.55	0.74	0.59	-0.67	0.52	-0.6	-0.48	-0.48
Total Liab	0.96	-0.45	0.33	0.48	0.99	0.96		0.99	0.6	0.3	0.35	0.08	-0.81	-0.52	0.7	0.77	0.71	-0.89	0.41	0.83	0.44	-0.72	0.66	-0.79	-0.63	-0.59
Total Current Assets	0.98	-0.33	0.41	0.54	0.97	0.98	0.99		0.66	0.38	0.44	-0.03	-0.78	-0.46	0.74	0.71	0.76	-0.84	0.49	0.8	0.47	-0.67	0.59	-0.7	-0.55	-0.55
Short Term Debt	0.67	0.01	0.52	0.45	0.53	0.65	0.6	0.66		0.53	0.58	-0.41	-0.39	-0.02	0.52	0.18	0.65	-0.5	0.62	0.5	0.13	0.03	0.23	-0.25	-0.3	-0.23
Intangible Assets	0.52	0.6	0.92	0.72	0.24	0.46	0.3	0.38	0.53		0.95	-0.59	-0.07	0.22	0.75	-0.17	0.77	-0.13	0.91	0.21	0.38	-0.12	-0.14	0.27	0.29	0.17
Long Term Debt	0.56	0.52	0.92	0.67	0.28	0.5	0.35	0.44	0.58	0.95		-0.51	-0.11	0.14	0.79	-0.11	0.79	-0.18	0.96	0.26	0.36	-0.16	-0.08	0.21	0.29	0.08
Short Term Investments	-0.13	-0.73	-0.44	-0.48	0.14	-0.08	0.08	-0.03	-0.41	-0.59	-0.51		-0.19	-0.67	-0.17	0.53	-0.37	-0.22	-0.45	0.13	-0.03	-0.48	0.48	-0.53	-0.35	-0.44
Treasury Stock	-0.7	0.63	-0.09	-0.42	-0.78	-0.69	-0.81	-0.78	-0.39	-0.07	-0.11	-0.19		0.37	-0.42	-0.85	-0.47	0.91	-0.12	-0.85	0.01	0.59	-0.68	0.85	0.7	0.6
Common Stock	-0.41	0.57	-0.02	0.16	-0.55	-0.44	-0.52	-0.46	-0.02	0.22	0.14	-0.67	0.37		-0.34	-0.57	-0.15	0.44	0.09	-0.28	-0.5	0.67	-0.61	0.63	0.32	0.77
Property Plant Equipment	0.81	0.12	0.77	0.72	0.67	0.79	0.7	0.74	0.52	0.75	0.79	-0.17	-0.42	-0.34		0.3	0.94	-0.51	0.72	0.58	0.65	-0.58	0.37	-0.24	-0.06	-0.18
Current Deferred Revenue	0.6	-0.79	-0.15	0.12	0.78	0.63	0.77	0.71	0.18	-0.17	-0.11	0.53	-0.85	-0.57	0.3		0.22	-0.82	-0.04	0.74	0.07	-0.74	0.79	-0.91	-0.69	-0.7
Good Will	0.83	0.16	0.78	0.83	0.67	0.8	0.71	0.76	0.65	0.77	0.79	-0.37	-0.47	-0.15	0.94	0.22		-0.55	0.72	0.65	0.56	-0.43	0.27	-0.24	-0.17	-0.07
Net Tangible Assets	-0.77	0.68	-0.15	-0.31	-0.85	-0.75	-0.89	-0.84	-0.5	-0.13	-0.18	-0.22	0.91	0.44	-0.51	-0.82	-0.55		-0.22	-0.88	-0.11	0.61	-0.7	0.9	0.75	0.55
Long Term Debt Total	0.6	0.45	0.88	0.56	0.35	0.55	0.41	0.49	0.62	0.91	0.96	-0.45	-0.12	0.09	0.72	-0.04	0.72	-0.22		0.25	0.35	-0.19	-0.06	0.14	0.21	-0.03
Capital Surpluse	0.74	-0.54	0.2	0.56	0.8	0.74	0.83	0.8	0.5	0.21	0.26	0.13	-0.85	-0.28	0.58	0.74	0.65	-0.88	0.25		0.1	-0.55	0.68	-0.77	-0.71	-0.34
Deferred Long Term Liab	0.56	0.23	0.5	0.39	0.51	0.59	0.44	0.47	0.13	0.38	0.36	-0.03	0.01	-0.5	0.65	0.07	0.56	-0.11	0.35	0.1		-0.55	0.06	-0.07	-0.01	-0.1
Short Long Term Debt	-0.66	0.42	-0.17	-0.28	-0.75	-0.67	-0.72	-0.67	0.03	-0.12	-0.16	-0.48	0.59	0.67	-0.58	-0.74	-0.43	0.61	-0.19	-0.55	-0.55		-0.57	0.64	0.36	0.5
Cash And Equivalents	0.5	-0.73	-0.17	0.07	0.67	0.52	0.66	0.59	0.23	-0.14	-0.08	0.48	-0.68	-0.61	0.37	0.79	0.27	-0.7	-0.06	0.68	0.06	-0.57		-0.8	-0.46	-0.61
Net Invested Capital	-0.59	0.9	0.2	-0.03	-0.79	-0.6	-0.79	-0.7	-0.25	0.27	0.21	-0.53	0.85	0.63	-0.24	-0.91	-0.24	0.9	0.14	-0.77	-0.07	0.64	-0.8		0.84	0.67
Net Working Capital	-0.45	0.75	0.22	-0.13	-0.65	-0.48	-0.63	-0.55	-0.3	0.29	0.29	-0.35	0.7	0.32	-0.06	-0.69	-0.17	0.75	0.21	-0.71	-0.01	0.36	-0.46	0.84		0.34
Capital Stock	-0.47	0.6	0.01	0.14	-0.57	-0.48	-0.59	-0.55	-0.23	0.17	0.08	-0.44	0.6	0.77	-0.18	-0.7	-0.07	0.55	-0.03	-0.34	-0.1	0.5	-0.61	0.67	0.34

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict McKesson

In accordance with the recently published financial statements, McKesson has a Beta of 0.45. This is 47.67% lower than that of the Health Care Providers & Services sector and 69.8% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.

McKesson Beta Peer Comparison

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

McKesson is currently under evaluation in beta category among related companies.

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

Environment Score

Governance Score

Social Score

McKesson Institutional Holders

Institutional Holdings refers to the ownership stake in McKesson that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of McKesson'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 McKesson's value.

		Shares
T. Rowe Price Associates, Inc.	2023-12-31	1.8 M
Goldman Sachs Group Inc	2023-12-31	1.8 M
Amvescap Plc.	2023-12-31	1.7 M
Bank Of America Corp	2023-12-31	1.6 M
Northern Trust Corp	2023-12-31	1.6 M
Legal & General Group Plc	2023-12-31	1.3 M
Arrowstreet Capital Limited Partnership	2023-12-31	1.2 M
Boston Partners Global Investors, Inc	2023-12-31	1.1 M
Bank Of New York Mellon Corp	2023-12-31	1.1 M
Vanguard Group Inc	2023-12-31	12.1 M
Blackrock Inc	2023-12-31	11.7 M

As returns on the market increase, McKesson's returns are expected to increase less than the market. However, during the bear market, the loss of holding McKesson is expected to be smaller as well.

McKesson Fundamentals

	Return On Asset	0.0363
	Profit Margin	0.01 %
	Operating Margin	0.01 %
	Current Valuation	75.32 B
	Shares Outstanding	131.41 M
	Shares Owned By Insiders	0.06 %
	Shares Owned By Institutions	88.48 %
	Number Of Shares Shorted	1.46 M
	Price To Earning	26.98 X
	Price To Book	5.04 X
	Price To Sales	0.23 X
	Revenue	276.71 B
	Gross Profit	12.36 B
	EBITDA	5.69 B
	Net Income	3.72 B
	Cash And Equivalents	4.68 B
	Cash Per Share	20.57 X
	Total Debt	7.29 B
	Debt To Equity	6.61 %
	Current Ratio	0.96 X
	Book Value Per Share	(15.62) X
	Cash Flow From Operations	5.16 B
	Short Ratio	2.11 X
	Earnings Per Share	22.09 X
	Price To Earnings To Growth	4.96 X
	Target Price	569.22
	Number Of Employees	45 K
	Beta	0.45
	Market Capitalization	69.29 B
	Total Asset	62.32 B
	Retained Earnings	12.29 B
	Working Capital	(3.67 B)
	Current Asset	10.7 B
	Current Liabilities	7.59 B
	Annual Yield	0 %
	Five Year Return	0.95 %
	Net Asset	62.32 B
	Last Dividend Paid	2.32

About McKesson Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze McKesson's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of McKesson using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of McKesson 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.

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When determining whether McKesson is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if McKesson Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Mckesson Stock. Highlighted below are key reports to facilitate an investment decision about Mckesson Stock:

How To Invest In McKesson

Details

Is McKesson Stock a good investment?

Details

What is McKesson's Net Worth?

Details

Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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Check out McKesson Piotroski F Score and McKesson Altman Z Score analysis.

For more information on how to buy McKesson Stock please use our How to buy in McKesson Stock guide.

Note that the McKesson information on this page should be used as a complementary analysis to other McKesson'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 Bonds Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for McKesson Stock analysis

When running McKesson's price analysis, check to measure McKesson'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 McKesson is operating at the current time. Most of McKesson's value examination focuses on studying past and present price action to predict the probability of McKesson's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McKesson's price. Additionally, you may evaluate how the addition of McKesson to your portfolios can decrease your overall portfolio volatility.

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	Fundamental Analysis View fundamental data based on most recent published financial statements

Is McKesson'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 McKesson. If investors know McKesson 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 McKesson 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

(0.42)

Dividend Share

2.32

Earnings Share

22.09

Revenue Per Share

2.2 K

Quarterly Revenue Growth

0.148

The market value of McKesson is measured differently than its book value, which is the value of McKesson that is recorded on the company's balance sheet. Investors also form their own opinion of McKesson's value that differs from its market value or its book value, called intrinsic value, which is McKesson'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 McKesson's market value can be influenced by many factors that don't directly affect McKesson'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 McKesson's value and its price as these two are different measures arrived at by different means. Investors typically determine if McKesson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McKesson'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.

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Mckesson Stock Beta

McKesson Company Beta Analysis

Beta

Covariance

Variance

Current McKesson Beta

McKesson Beta Driver Correlations

McKesson Beta Peer Comparison

McKesson ESG Sustainability

McKesson Institutional Holders

McKesson Fundamentals

About McKesson Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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