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Core-Mark Holding Company

Nasdaq:CORE
Snowflake Description

Mediocre balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CORE
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Core-Mark Holding Company, Inc. markets fresh and broad-line supply solutions to the convenience retail industry. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Core-Mark Holding Company has significant price volatility in the past 3 months.
CORE Share Price and Events
7 Day Returns
-15.5%
NasdaqGS:CORE
-0.8%
US Retail Distributors
0.8%
US Market
1 Year Returns
-6.2%
NasdaqGS:CORE
16.2%
US Retail Distributors
11%
US Market
CORE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Core-Mark Holding Company (CORE) -15.5% -7% -20.2% -6.2% -24.8% -7.5%
US Retail Distributors -0.8% 4.1% 12% 16.2% 21.1% 29%
US Market 0.8% 4.3% 6.1% 11% 40.2% 45%
1 Year Return vs Industry and Market
  • CORE underperformed the Retail Distributors industry which returned 16.2% over the past year.
  • CORE underperformed the Market in United States of America which returned 11% over the past year.
Price Volatility
CORE
Industry
5yr Volatility vs Market

Value

 Is Core-Mark Holding Company undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Core-Mark Holding Company to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Core-Mark Holding Company.

NasdaqGS:CORE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CORE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.839 (1 + (1- 21%) (65.9%))
1.184
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.184 * 5.96%)
9.79%

Discounted Cash Flow Calculation for NasdaqGS:CORE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Core-Mark Holding Company is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:CORE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.79%)
2020 115.00 Analyst x1 104.75
2021 114.15 Est @ -0.74% 94.70
2022 114.49 Est @ 0.3% 86.51
2023 115.66 Est @ 1.03% 79.61
2024 117.44 Est @ 1.54% 73.63
2025 119.67 Est @ 1.9% 68.33
2026 122.24 Est @ 2.15% 63.57
2027 125.08 Est @ 2.32% 59.25
2028 128.13 Est @ 2.44% 55.29
2029 131.38 Est @ 2.53% 51.63
Present value of next 10 years cash flows $737.00
NasdaqGS:CORE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $131.38 × (1 + 2.73%) ÷ (9.79% – 2.73%)
$1,911.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,911.76 ÷ (1 + 9.79%)10
$751.31
NasdaqGS:CORE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $737.00 + $751.31
$1,488.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,488.31 / 45.57
$32.66
NasdaqGS:CORE Discount to Share Price
Calculation Result
Value per share (USD) From above. $32.66
Current discount Discount to share price of $26.84
= -1 x ($26.84 - $32.66) / $32.66
17.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Core-Mark Holding Company is available for.
Intrinsic value
18%
Share price is $26.84 vs Future cash flow value of $32.66
Current Discount Checks
For Core-Mark Holding Company to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Core-Mark Holding Company's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Core-Mark Holding Company's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Core-Mark Holding Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Core-Mark Holding Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CORE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $1.17
NasdaqGS:CORE Share Price ** NasdaqGS (2019-11-11) in USD $26.84
United States of America Retail Distributors Industry PE Ratio Median Figure of 11 Publicly-Listed Retail Distributors Companies 17.51x
United States of America Market PE Ratio Median Figure of 2,909 Publicly-Listed Companies 18.22x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Core-Mark Holding Company.

NasdaqGS:CORE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CORE Share Price ÷ EPS (both in USD)

= 26.84 ÷ 1.17

22.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Core-Mark Holding Company is overvalued based on earnings compared to the US Retail Distributors industry average.
  • Core-Mark Holding Company is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Core-Mark Holding Company's expected growth come at a high price?
Raw Data
NasdaqGS:CORE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
12.9%per year
United States of America Retail Distributors Industry PEG Ratio Median Figure of 5 Publicly-Listed Retail Distributors Companies 1.88x
United States of America Market PEG Ratio Median Figure of 2,014 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

NasdaqGS:CORE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.92x ÷ 12.9%

1.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Core-Mark Holding Company is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Core-Mark Holding Company's assets?
Raw Data
NasdaqGS:CORE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $12.96
NasdaqGS:CORE Share Price * NasdaqGS (2019-11-11) in USD $26.84
United States of America Retail Distributors Industry PB Ratio Median Figure of 14 Publicly-Listed Retail Distributors Companies 2.22x
United States of America Market PB Ratio Median Figure of 5,043 Publicly-Listed Companies 1.74x
NasdaqGS:CORE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CORE Share Price ÷ Book Value per Share (both in USD)

= 26.84 ÷ 12.96

2.07x

* Primary Listing of Core-Mark Holding Company.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Core-Mark Holding Company is good value based on assets compared to the US Retail Distributors industry average.
X
Value checks
We assess Core-Mark Holding Company's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Retail Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Retail Distributors industry average (and greater than 0)? (1 check)
  5. Core-Mark Holding Company has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Core-Mark Holding Company expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Core-Mark Holding Company expected to grow at an attractive rate?
  • Core-Mark Holding Company's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Core-Mark Holding Company's earnings growth is positive but not above the United States of America market average.
  • Core-Mark Holding Company's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CORE Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CORE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 12.9%
NasdaqGS:CORE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.1%
United States of America Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
United States of America Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CORE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CORE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 19,099 169 92 2
2022-12-31 18,660 157 82 2
2021-12-31 17,833 163 73 2
2020-12-31 17,323 160 66 4
2019-12-31 16,629 111 54 2
2019-11-11
NasdaqGS:CORE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 13,225 -92 54
2019-06-30 13,039 73 55
2019-03-31 12,895 285 48
2018-12-31 12,904 211 46
2018-09-30 12,854 176 44
2018-06-30 12,850 155 34
2018-03-31 12,453 37 30
2017-12-31 12,225 94 34
2017-09-30 12,066 69 41
2017-06-30 11,832 65 41
2017-03-31 11,861 11 51
2016-12-31 11,507 -98 54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Core-Mark Holding Company's earnings are expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
  • Core-Mark Holding Company's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CORE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Core-Mark Holding Company Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CORE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.06 2.07 2.04 2.00
2022-12-31 1.81 1.81 1.81 2.00
2021-12-31 1.60 1.62 1.58 2.00
2020-12-31 1.44 1.50 1.35 4.00
2019-12-31 1.15 1.16 1.13 2.00
2019-11-11
NasdaqGS:CORE Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 1.17
2019-06-30 1.19
2019-03-31 1.05
2018-12-31 0.99
2018-09-30 0.96
2018-06-30 0.74
2018-03-31 0.65
2017-12-31 0.72
2017-09-30 0.89
2017-06-30 0.89
2017-03-31 1.09
2016-12-31 1.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Core-Mark Holding Company will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Core-Mark Holding Company's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Core-Mark Holding Company has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Core-Mark Holding Company performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Core-Mark Holding Company's growth in the last year to its industry (Retail Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Core-Mark Holding Company's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Core-Mark Holding Company's 1-year earnings growth exceeds its 5-year average (21.3% vs -0.9%)
  • Core-Mark Holding Company's earnings growth has exceeded the US Retail Distributors industry average in the past year (21.3% vs -7.7%).
Earnings and Revenue History
Core-Mark Holding Company's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Core-Mark Holding Company Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CORE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 13,224.80 53.60 812.90
2019-06-30 13,038.80 54.80 798.90
2019-03-31 12,894.70 48.10 787.10
2018-12-31 12,903.90 45.50 782.70
2018-09-30 12,853.80 44.20 778.10
2018-06-30 12,850.40 34.20 778.20
2018-03-31 12,452.90 30.10 752.30
2017-12-31 12,225.00 33.50 726.60
2017-09-30 12,065.80 41.40 700.90
2017-06-30 11,831.50 41.20 680.80
2017-03-31 11,860.80 50.60 668.30
2016-12-31 11,507.40 54.20 641.30
2016-09-30 10,734.50 53.20 616.80
2016-06-30 10,004.20 54.80 585.60
2016-03-31 9,302.40 51.70 563.00
2015-12-31 8,857.70 51.50 546.90
2015-09-30 8,687.50 48.40 536.60
2015-06-30 8,482.80 47.00 521.90
2015-03-31 8,310.00 45.80 509.00
2014-12-31 8,169.80 42.70 502.80
2014-09-30 8,056.10 43.10 488.10
2014-06-30 7,942.10 41.70 478.30
2014-03-31 7,845.10 41.40 471.90
2013-12-31 7,716.80 41.60 462.90
2013-09-30 7,459.60 36.30 450.30
2013-06-30 7,189.60 34.50 433.90
2013-03-31 6,979.00 32.90 422.20
2012-12-31 6,905.40 33.90 415.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Core-Mark Holding Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Core-Mark Holding Company used its assets less efficiently than the US Retail Distributors industry average last year based on Return on Assets.
  • Core-Mark Holding Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Core-Mark Holding Company's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Retail Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Core-Mark Holding Company has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Core-Mark Holding Company's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Core-Mark Holding Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Core-Mark Holding Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Core-Mark Holding Company's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Core-Mark Holding Company's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Core-Mark Holding Company Company Filings, last reported 1 month ago.

NasdaqGS:CORE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 591.60 529.70 26.00
2019-06-30 580.80 370.40 33.30
2019-03-31 564.00 207.70 25.80
2018-12-31 567.00 369.40 27.30
2018-09-30 564.80 385.80 37.80
2018-06-30 547.90 385.40 33.20
2018-03-31 545.10 459.10 51.50
2017-12-31 555.20 533.50 41.60
2017-09-30 537.60 519.40 55.80
2017-06-30 527.60 315.30 25.80
2017-03-31 525.80 249.50 25.10
2016-12-31 529.80 373.90 26.40
2016-09-30 516.30 305.00 22.90
2016-06-30 507.80 261.40 18.00
2016-03-31 495.40 45.20 11.50
2015-12-31 494.00 76.20 12.50
2015-09-30 478.10 33.70 9.40
2015-06-30 468.90 134.40 14.50
2015-03-31 459.00 23.90 16.50
2014-12-31 461.30 85.00 14.40
2014-09-30 454.70 52.00 24.20
2014-06-30 444.30 29.70 15.90
2014-03-31 431.40 8.50 18.50
2013-12-31 434.00 69.20 11.00
2013-09-30 421.80 60.90 15.90
2013-06-30 411.40 76.10 20.10
2013-03-31 400.20 42.80 18.60
2012-12-31 400.20 98.00 19.10
  • Core-Mark Holding Company's level of debt (89.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.2% vs 89.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
X
Financial health checks
We assess Core-Mark Holding Company's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Core-Mark Holding Company has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Core-Mark Holding Company's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.79%
Current annual income from Core-Mark Holding Company dividends. Estimated to be 1.94% next year.
If you bought $2,000 of Core-Mark Holding Company shares you are expected to receive $36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Core-Mark Holding Company's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Core-Mark Holding Company's dividend is below the markets top 25% of dividend payers in United States of America (3.66%).
Upcoming dividend payment

Purchase Core-Mark Holding Company before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CORE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1942 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CORE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.60 1.00
2022-12-31 0.56 1.00
2021-12-31 0.52 1.00
2020-12-31 0.48 1.00
2019-12-31 0.44 1.00
2019-11-11
NasdaqGS:CORE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-07 0.480 1.752
2019-08-07 0.440 1.417
2019-05-08 0.440 1.157
2019-03-01 0.440 1.190
2018-11-06 0.440 1.606
2018-08-07 0.400 1.152
2018-03-01 0.400 1.865
2017-11-07 0.400 1.539
2017-08-08 0.360 1.195
2017-05-09 0.360 1.033
2017-03-01 0.360 1.111
2016-11-07 0.360 0.969
2016-08-09 0.320 0.857
2016-05-10 0.320 0.704
2016-02-26 0.320 0.809
2016-02-25 0.320 0.875
2015-11-05 0.320 0.796
2015-08-06 0.260 0.780
2015-05-07 0.260 0.897
2015-03-02 0.260 0.869
2014-11-06 0.260 0.817
2014-08-06 0.220 0.845
2014-05-02 0.220 1.011
2014-02-07 0.220 1.163
2013-11-04 0.220 1.180
2013-08-02 0.190 1.145
2013-05-03 0.190 1.247
2012-12-10 0.190 1.525
2012-11-02 0.760 6.787
2012-08-06 0.680 5.826
2012-05-04 0.680 6.036
2012-02-03 0.680 6.800
2011-10-19 0.680 7.268

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Core-Mark Holding Company has been paying a dividend for less than 10 years.
  • Core-Mark Holding Company has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Core-Mark Holding Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Core-Mark Holding Company's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Core-Mark Holding Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Core-Mark Holding Company has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Core-Mark Holding Company's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott McPherson
COMPENSATION $2,371,227
AGE 49
TENURE AS CEO 1.4 years
CEO Bio

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-Mark International Inc since January 01, 2015 until October 1, 2017. He had been Senior Vice President of Business Operations & Strategic Opportunities at Core-Mark Holding Company, Inc. since January 01, 2015. He served as Senior Vice-President of Corporate Development of Core-Mark Holding Company, Inc. since December 28, 2009 until January 01, 2015. Mr. McPherson served as the Senior Vice President at U.S. Distribution (East) at Core-Mark Holding Company, Inc. and its subsidiary Core-Mark International, Inc. since June 15, 2007 until December 2009. Mr. McPherson served as Vice President of U.S. Divisions at Core-Mark Holding Company, Inc. since January 2003 until June 15, 2007. From June 2001 to January 2003, he served as President at Core-Mark Holding Company, Inc.'s Fort Worth distribution center. From June 2000 to June 2001, he served as Director of Corporate Marketing for Core-Mark Holding Company, Inc. and from September 1992 to June 2000 he served as General/Area Sales Manager of its Portland distribution center. He has been a Director at Core-Mark Holding Company, Inc. since June 30, 2018. Mr. McPherson holds a Bachelor of Science Degree in Business Administration from Lewis & Clark College and a Master of Business of Administration from the University of Portland. He has been President of Core-Mark Holding Company, Inc since October 2017 and from October 2017 until June 30, 2018 he was its Chief Operating Officer and serves as its Chief Executive Officer since July 2018.

CEO Compensation
  • Scott's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Scott's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Core-Mark Holding Company management team in years:

2.3
Average Tenure
49
Average Age
  • The tenure for the Core-Mark Holding Company management team is about average.
Management Team

Scott McPherson

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
49
TENURE
1.4 yrs

Chris Miller

TITLE
Principal Accounting Officer
COMPENSATION
$1M
AGE
58
TENURE
3.5 yrs

Jordana Kammerud

TITLE
Senior VP & Chief Human Resources Officer
COMPENSATION
$1M
AGE
42
TENURE
2.5 yrs

Chris Hobson

TITLE
Senior Vice President - Eastern Divisions
COMPENSATION
$1M
AGE
50
TENURE
2.1 yrs

Bill Stein

TITLE
Senior Vice President of Enterprise Growth
COMPENSATION
$1M
AGE
49
TENURE
6.8 yrs

Gerald Bolduc

TITLE
Chief Information Officer and Vice President of Information Technology
AGE
73

David Lawrence

TITLE
Vice President of Treasury & Investor Relations

Chris Murray

TITLE
Senior Vice President of Marketing
COMPENSATION
$599K
AGE
53
TENURE
0.5 yrs

Alan Thomas

TITLE
Senior Vice President - Western Divisions
AGE
43
TENURE
0.8 yrs

Eric Rolheiser

TITLE
Senior VP of Northern Divisions & President of Canada
AGE
48
TENURE
10.8 yrs
Board of Directors Tenure

Average tenure and age of the Core-Mark Holding Company board of directors in years:

14.3
Average Tenure
62
Average Age
  • The average tenure for the Core-Mark Holding Company board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Randy Thornton

TITLE
Chairman of the Board
COMPENSATION
$220K
AGE
72
TENURE
15.3 yrs

Scott McPherson

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
49
TENURE
1.4 yrs

Stu Booth

TITLE
Independent Director
COMPENSATION
$190K
AGE
67
TENURE
14.3 yrs

Rob Allen

TITLE
Independent Director
COMPENSATION
$167K
AGE
69
TENURE
15.3 yrs

Rob Gross

TITLE
Independent Director
COMPENSATION
$175K
AGE
60
TENURE
8.1 yrs

Harvey Tepner

TITLE
Independent Director
COMPENSATION
$160K
AGE
62
TENURE
15.3 yrs

Gary Colter

TITLE
Independent Director
COMPENSATION
$167K
AGE
73
TENURE
15.3 yrs

Laura Flanagan

TITLE
Independent Director
COMPENSATION
$160K
AGE
51
TENURE
3.4 yrs

Rocky Dewbre

TITLE
Independent Director
AGE
54
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. May 19 Sell Harvey Tepner Individual 08. May 19 09. May 19 -8,601 $40.00 $-337,915
04. Apr 19 Sell Harvey Tepner Individual 02. Apr 19 02. Apr 19 -1,000 $38.25 $-38,250
19. Mar 19 Sell Matthew Tachouet Individual 18. Mar 19 18. Mar 19 -3,000 $36.65 $-109,950
19. Mar 19 Sell Christopher Miller Individual 06. Mar 19 06. Mar 19 -2,500 $37.57 $-93,931
20. Mar 19 Sell Eric Rolheiser Individual 07. Mar 19 07. Mar 19 -8,550 $38.00 $-324,900
20. Mar 19 Sell William Stein Individual 06. Mar 19 06. Mar 19 -7,500 $38.27 $-287,025
08. Mar 19 Sell Christopher Miller Individual 04. Jan 19 04. Jan 19 -2,678 $24.74 $-66,254
X
Management checks
We assess Core-Mark Holding Company's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Core-Mark Holding Company has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Core-Mark Holding Company, Inc. (NASDAQ:CORE) Passed Our Checks, And It's About To Pay A 0.3% Dividend

See our latest analysis for Core-Mark Holding Company Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. … Core-Mark Holding Company is a rare case where dividends have been decreasing at the same time as earnings per share have been improving. … Earnings per share growth has been growing somewhat, and Core-Mark Holding Company is paying out less than half its earnings and cash flow as dividends.

Simply Wall St -

Examining Core-Mark Holding Company, Inc.’s (NASDAQ:CORE) Weak Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Core-Mark Holding Company: 0.074 = US$88m ÷ (US$1.9b - US$751m) (Based on the trailing twelve months to June 2019.) So, Core-Mark Holding Company has an ROCE of 7.4%. … Core-Mark Holding Company's current ROCE of 7.4% is lower than 3 years ago, when the company reported a 11% ROCE. … Core-Mark Holding Company's ROCE is improved somewhat by its moderate amount of current liabilities.

Simply Wall St -

Read This Before Judging Core-Mark Holding Company, Inc.'s (NASDAQ:CORE) ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Core-Mark Holding Company: 8.5% = US$48m ÷ US$564m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Core-Mark Holding Company Have A Good ROE? … Combining Core-Mark Holding Company's Debt And Its 8.5% Return On Equity While Core-Mark Holding Company does have some debt, with debt to equity of just 0.42, we wouldn't say debt is excessive.

Simply Wall St -

Is Core-Mark Holding Company (NASDAQ:CORE) Using Too Much Debt?

NasdaqGS:CORE Historical Debt, July 15th 2019 A Look At Core-Mark Holding Company's Liabilities The latest balance sheet data shows that Core-Mark Holding Company had liabilities of US$675.3m due within a year, and liabilities of US$454.0m falling due after that. … Either way, since Core-Mark Holding Company does have more debt than cash, it's worth keeping an eye on its balance sheet. … Our View Core-Mark Holding Company's conversion of EBIT to free cash flow suggests it can handle its debt as easily as Cristiano Ronaldo could score a goal against an under 14's goalkeeper.

Simply Wall St -

Calculating The Intrinsic Value Of Core-Mark Holding Company, Inc. (NASDAQ:CORE)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $100.4m $104.6m $108.5m $112.2m $115.8m $119.4m $122.9m $126.5m $130.1m $133.8m Growth Rate Estimate Source Analyst x2 Est @ 4.17% Est @ 3.74% Est @ 3.43% Est @ 3.22% Est @ 3.08% Est @ 2.97% Est @ 2.9% Est @ 2.85% Est @ 2.81% Present Value ($, Millions) Discounted @ 8.64% $92.4 $88.6 $84.6 $80.6 $76.5 $72.6 $68.8 $65.2 $61.7 $58.4 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $749.4m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$134m × (1 + 2.7%) ÷ (8.6% – 2.7%) = US$2.3b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$2.3b ÷ ( 1 + 8.6%)10 = $1.01b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is $1.76b. … NasdaqGS:CORE Intrinsic value, July 3rd 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

What Do Analysts Think About The Future Of Core-Mark Holding Company, Inc.'s (NASDAQ:CORE)?

Below is a brief commentary around Core-Mark Holding Company's earnings outlook going forward, which may give you a sense of market sentiment for the company. … Check out our latest analysis for Core-Mark Holding Company What can we expect from Core-Mark Holding Company in the longer term? … For Core-Mark Holding Company, I've put together three essential aspects you should further research: Financial Health: Does it have a healthy balance sheet?

Simply Wall St -

Introducing Core-Mark Holding Company (NASDAQ:CORE), A Stock That Climbed 93% In The Last Year

(NASDAQ:CORE) share price is 93% higher than it was a year ago, much better than the market return of around -0.9% (not including dividends) in the same period. … There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the last year Core-Mark Holding Company grew its earnings per share (EPS) by 61%.

Simply Wall St -

Is Core-Mark Holding Company, Inc. (NASDAQ:CORE) A Financially Sound Company?

CORE’s Debt (And Cash Flows) CORE has sustained its debt level by about US$485m over the last 12 months – this includes long-term debt. … Additionally, CORE has produced US$285m in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 59%, indicating that CORE’s current level of operating cash is high enough to cover debt. … Next Steps: Although CORE’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Should You Be Tempted To Sell Core-Mark Holding Company, Inc. (NASDAQ:CORE) Because Of Its P/E Ratio?

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Core-Mark Holding Company: P/E of 35.74 = $37.43 ÷ $1.05 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … NasdaqGS:CORE Price Estimation Relative to Market, May 17th 2019 Core-Mark Holding Company's P/E tells us that market participants think the company will perform better than its industry peers, going forward. … Hypothetically, a company could reduce its future P/E ratio by spending its cash (or taking on debt) to achieve higher earnings.

Simply Wall St -

Why Core-Mark Holding Company, Inc.’s (NASDAQ:CORE) Return On Capital Employed Might Be A Concern

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Company Info

Description

Core-Mark Holding Company, Inc. markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment. Its customers include traditional convenience stores comprising national and super-regional convenience store operators, as well as independently owned convenience stores. In addition, the company’s alternative outlet customers include various store formats, which comprise grocery stores, drug stores, big box or supercenter stores, liquor stores, cigarette and tobacco shops, hotel gift shops, military exchanges, college and corporate campuses, casinos, hardware stores, airport concessions, and other specialty and small format stores that carry convenience products. It provides its products to 43,000 customer locations through a network of 32 distribution centers in the United States and Canada. The company was founded in 1888 and is headquartered in Westlake, Texas.

Details
Name: Core-Mark Holding Company, Inc.
CORE
Exchange: NasdaqGS
Founded: 1888
$1,223,025,634
45,567,274
Website: http://www.core-mark.com
Address: Core-Mark Holding Company, Inc.
1500 Solana Boulevard,
Suite 3400,
Westlake,
Texas, 76262,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CORE Common Stock Nasdaq Global Select US USD 13. Apr 2005
DB C6M Common Stock Deutsche Boerse AG DE EUR 13. Apr 2005
Number of employees
Current staff
Staff numbers
8,087
Core-Mark Holding Company employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 23:47
End of day share price update: 2019/11/11 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.