Core-Mark Holding Company
Market Cap
US$1.4b
Last Updated
2020/08/14 00:16 UTC
Data Sources
Company Financials +
Executive Summary
Core-Mark Holding Company, Inc. distributes packaged consumer products to the convenience retail industry.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with adequate balance sheet.
Similar Companies
Share Price & News
How has Core-Mark Holding Company's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CORE's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.2%
CORE
3.4%
US Retail Distributors
0.7%
US Market
1 Year Return
-6.0%
CORE
19.6%
US Retail Distributors
20.1%
US Market
Return vs Industry: CORE underperformed the US Retail Distributors industry which returned 19.6% over the past year.
Return vs Market: CORE underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| CORE | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 3.4% | 0.7% |
| 30 Day | 19.1% | 15.8% | 6.4% |
| 90 Day | 27.8% | 37.6% | 20.1% |
| 1 Year | -4.3%-6.0% | 21.6%19.6% | 22.6%20.1% |
| 3 Year | 24.2%18.6% | 43.9%37.4% | 45.1%35.7% |
| 5 Year | 11.9%5.1% | 40.4%31.0% | 79.7%60.3% |
Price Volatility Vs. Market
How volatile is Core-Mark Holding Company's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should Weakness in Core-Mark Holding Company, Inc.'s (NASDAQ:CORE) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?4 weeks ago | Simply Wall St
Could Core-Mark Holding Company, Inc. (NASDAQ:CORE) Have The Makings Of Another Dividend Aristocrat?4 months ago | Simply Wall St
Read This Before Buying Core-Mark Holding Company, Inc. (NASDAQ:CORE) SharesValuation
Is Core-Mark Holding Company undervalued compared to its fair value and its price relative to the market?
29.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CORE ($31.43) is trading below our estimate of fair value ($44.6)
Significantly Below Fair Value: CORE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CORE's PE Ratio (23.8x) is in line with the US Retail Distributors industry average.
PE vs Market: CORE is poor value based on its PE Ratio (23.8x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: CORE is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: CORE is overvalued based on its PB Ratio (2.4x) compared to the US Retail Distributors industry average (1.9x).
Next Steps
Future Growth
How is Core-Mark Holding Company forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
18.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CORE's forecast earnings growth (18.4% per year) is above the savings rate (2.2%).
Earnings vs Market: CORE's earnings (18.4% per year) are forecast to grow slower than the US market (24.1% per year).
High Growth Earnings: CORE's earnings are forecast to grow, but not significantly.
Revenue vs Market: CORE's revenue (4.1% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: CORE's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CORE's Return on Equity is forecast to be low in 3 years time (13.3%).
Next Steps
Past Performance
How has Core-Mark Holding Company performed over the past 5 years?
2.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CORE has high quality earnings.
Growing Profit Margin: CORE's current net profit margins (0.4%) are higher than last year (0.4%).
Past Earnings Growth Analysis
Earnings Trend: CORE's earnings have grown by 2.1% per year over the past 5 years.
Accelerating Growth: CORE's earnings growth over the past year (9.3%) exceeds its 5-year average (2.1% per year).
Earnings vs Industry: CORE earnings growth over the past year (9.3%) exceeded the Retail Distributors industry -0.1%.
Return on Equity
High ROE: CORE's Return on Equity (10%) is considered low.
Next Steps
Financial Health
How is Core-Mark Holding Company's financial position?
Financial Position Analysis
Short Term Liabilities: CORE's short term assets ($1.4B) exceed its short term liabilities ($853.8M).
Long Term Liabilities: CORE's short term assets ($1.4B) exceed its long term liabilities ($528.1M).
Debt to Equity History and Analysis
Debt Level: CORE's debt to equity ratio (43%) is considered high.
Reducing Debt: CORE's debt to equity ratio has increased from 27.8% to 43% over the past 5 years.
Debt Coverage: CORE's debt is well covered by operating cash flow (108.2%).
Interest Coverage: CORE's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Core-Mark Holding Company current dividend yield, its reliability and sustainability?
1.53%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CORE's dividend (1.53%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: CORE's dividend (1.53%) is low compared to the top 25% of dividend payers in the US market (4.29%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CORE has been paying a dividend for less than 10 years.
Growing Dividend: CORE's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.6%), CORE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CORE's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Scott McPherson (50 yo)
2.17yrs
Tenure
US$2,054,230
Compensation
Mr. McPherson has been President and Chief Operating Officer at Core-Mark International Inc since October 1, 2017. Mr. McPherson served as Senior Vice President of Business Operations & Development at Core ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD2.05M) is below average for companies of similar size in the US market ($USD4.53M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.17yrs | US$2.05m | 0.45% $ 6.3m | |
| Senior VP & CFO | 4.25yrs | US$1.52m | 0.078% $ 1.1m | |
| Senior VP of Northern Divisions & President of Canada | 12.08yrs | US$1.12m | 0.028% $ 393.8k | |
| Senior Vice President of Eastern Divisions | 2.83yrs | US$1.40m | 0.19% $ 2.6m | |
| Senior Vice President of Enterprise Growth | 7.58yrs | US$1.31m | 0.22% $ 3.1m | |
| Chief Information Officer and Vice President of Information Technology | no data | no data | no data | |
| Vice President of Treasury & Investor Relations and Secretary | 1.33yrs | no data | 0.0028% $ 40.2k | |
| Senior Vice President of Marketing | 1.25yrs | US$598.90k | 0.0090% $ 128.0k | |
| Senior VP & Chief Human Resource Officer | 0.25yr | no data | no data | |
| Senior Vice President of Western Divisions | 1.58yrs | no data | 0.047% $ 671.5k | |
| Vice President of Employee & Corporate Services and Assistant Secretary | 28.58yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data |
2.5yrs
Average Tenure
50.5yo
Average Age
Experienced Management: CORE's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.17yrs | US$2.05m | 0.45% $ 6.3m | |
| Independent Director | 8.83yrs | US$175.01k | 0.18% $ 2.6m | |
| Independent Director | 15yrs | US$190.01k | 0.19% $ 2.7m | |
| Independent Chairman of the Board | 16yrs | US$220.01k | 0.27% $ 3.8m | |
| Independent Director | 16yrs | US$167.51k | 0.089% $ 1.3m | |
| Independent Director | 16yrs | US$160.01k | 0.094% $ 1.3m | |
| Independent Director | 1.58yrs | US$160.01k | 0.0061% $ 86.1k | |
| Independent Director | 0.58yr | no data | no data | |
| Independent Director | 4.17yrs | US$160.01k | 0.024% $ 341.8k |
8.8yrs
Average Tenure
63yo
Average Age
Experienced Board: CORE's board of directors are considered experienced (8.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Core-Mark Holding Company, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Core-Mark Holding Company, Inc.
- Ticker: CORE
- Exchange: NasdaqGS
- Founded: 1888
- Industry: Distributors
- Sector: Retail
- Market Cap: US$1.415b
- Shares outstanding: 45.09m
- Website: https://www.core-mark.com
Number of Employees
Location
- Core-Mark Holding Company, Inc.
- 1500 Solana Boulevard
- Suite 3400
- Westlake
- Texas
- 76262
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CORE | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 2005 |
| C6M | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 2005 |
Biography
Core-Mark Holding Company, Inc. distributes packaged consumer products to the convenience retail industry. The company sells and distributes food products, including candies, snacks, groceries, and beverag ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/14 00:16 |
| End of Day Share Price | 2020/08/13 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.