CAH Cardinal Health
too hard · 82
Owner-earnings value$180.33
Price$252.65
Margin of safety
-28.6%
Quality gate · 82/100
⚠ negative book equity
Median ROIC33.3%
Gross margin3.8%
Net debt / EBITDA1.2x
FCF conversion269%
Share count / yr-2.5%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 2.02B |
| Owner-earnings yield | 3.5% |
| Free-cash-flow yield | 7.7% |
| Growth used (normalized) | 7.4% |
| Market-implied growth (reverse DCF) | 15.7% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 2.17B | 7.4% | 1.99B |
| 2 | 2.32B | 7.0% | 1.95B |
| 3 | 2.47B | 6.5% | 1.91B |
| 4 | 2.62B | 6.0% | 1.86B |
| 5 | 2.76B | 5.5% | 1.80B |
| 6 | 2.90B | 5.0% | 1.73B |
| 7 | 3.03B | 4.5% | 1.66B |
| 8 | 3.15B | 4.0% | 1.58B |
| 9 | 3.26B | 3.5% | 1.50B |
| 10 | 3.36B | 3.0% | 1.42B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~16%/yr owner-earnings growth over 10y (reverse DCF); model credits 7%.