Cardinal Health Stock Today

CAH Stock  USD 95.03  0.27  0.28%   

Performance

0 of 100

 
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Odds Of Distress

Less than 6

 
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Low
Cardinal Health is trading at 95.03 as of the 21st of July 2024. This is a 0.28 percent decrease since the beginning of the trading day. The stock's open price was 95.3. Cardinal Health has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Note, on February 15, 2024, Representative Jonathan Jackson of US Congress acquired $50k to $100k worth of Cardinal Health's common stock.
Business Domain
Health Care Equipment & Services
IPO Date
31st of December 1987
Category
Healthcare
Classification
Health Care
Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. The company was incorporated in 1979 and is headquartered in Dublin, Ohio. Cardinal Health operates under Medical Distribution classification in the United States and is traded on New York Stock Exchange. The company has 243.57 M outstanding shares of which 6.12 M shares are currently shorted by investors with about 2.71 days to cover. More on Cardinal Health

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Cardinal Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOMichael Kaufmann
Thematic Ideas
Showing 3 out of 4 themes
Business ConcentrationHealth Care Providers & Services, Health Care Equipment & Services, Health Care, NYSE Composite, SP 500 Index, Stores, Drugs, Obamacare Repeal, Wholesale, Health Care, Health Care Providers & Services, Medical Distribution, Healthcare (View all Sectors)
Excise Tax ActivitiesAnimal Testing
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover2.852.9954
Notably Down
Slightly volatile
Gross Profit Margin0.07020.0681
Fairly Up
Very volatile
Net Debt1.4 B756.7 M
Way Up
Very volatile
Total Current Liabilities40.7 B38.8 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total15.2 B14.4 B
Sufficiently Up
Slightly volatile
Total Assets52.4 B49.9 B
Sufficiently Up
Slightly volatile
Total Current Assets40.9 B38.9 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities3.4 B3.3 B
Sufficiently Up
Slightly volatile
Debt Levels
Cardinal Health can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cardinal Health's financial leverage. It provides some insight into what part of Cardinal Health's total assets is financed by creditors.
Liquidity
Cardinal Health has 4.7 B in debt with debt to equity (D/E) ratio of 5.63, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Cardinal Health has a current ratio of 1.02, demonstrating that it is in a questionable position to pay out its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Cardinal to invest in growth at high rates of return.

Stock Based Compensation

86.86 Million
Cardinal Health (CAH) is traded on New York Stock Exchange in USA. It is located in 7000 Cardinal Place, Dublin, OH, United States, 43017 and employs 47,040 people. Cardinal Health is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 23.15 B. Cardinal Health runs under Health Care Providers & Services sector within Health Care industry. The entity has 243.57 M outstanding shares of which 6.12 M shares are currently shorted by investors with about 2.71 days to cover. Cardinal Health has about 4.04 B in cash with 2.84 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.32.
Check Cardinal Health Probability Of Bankruptcy
Ownership Allocation
The majority of Cardinal Health outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cardinal Health to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cardinal Health. Please pay attention to any change in the institutional holdings of Cardinal Health as this could imply that something significant has changed or is about to change at the company. Please note that on February 15, 2024, Representative Jonathan Jackson of US Congress acquired $50k to $100k worth of Cardinal Health's common stock.
Check Cardinal Ownership Details

Cardinal Stock Institutional Holders

InstituionRecorded OnShares
Northern Trust Corp2024-03-31
M
T. Rowe Price Associates, Inc.2024-03-31
2.7 M
Pacer Advisors, Inc.2023-12-31
2.6 M
Norges Bank2023-12-31
2.6 M
Legal & General Group Plc2024-03-31
2.6 M
Lsv Asset Management2024-03-31
2.4 M
Jpmorgan Chase & Co2024-03-31
2.3 M
Nuveen Asset Management, Llc2024-03-31
2.3 M
Bank Of America Corp2024-03-31
2.1 M
Vanguard Group Inc2024-03-31
30.6 M
Blackrock Inc2024-03-31
27.3 M
View Cardinal Health Diagnostics

Cardinal Health Historical Income Statement

As of now, Cardinal Health's Total Revenue is increasing as compared to previous years. The Cardinal Health's current Gross Profit is estimated to increase to about 8.3 B, while EBIT is projected to decrease to under 1.5 B. View More Fundamentals

Cardinal Stock Against Markets

Cardinal Health Corporate Directors

John LoshIndependent DirectorProfile
Nancy KilleferIndependent DirectorProfile
Patricia HallIndependent DirectorProfile
Calvin DardenIndependent DirectorProfile

Additional Information and Resources on Investing in Cardinal Stock

When determining whether Cardinal Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cardinal Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cardinal Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cardinal Health Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more detail on how to invest in Cardinal Stock please use our How to Invest in Cardinal Health guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Health Care Providers & Services space 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
(0.22)
Dividend Share
2.002
Earnings Share
2.26
Revenue Per Share
891.2
Quarterly Revenue Growth
0.088
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.