Added to YB: 2026-06-26
Pitch date: 2026-06-24
MCK [bullish]
McKesson Corporation
Author Info
Mulberry Financial shares long-form equity equity and macroeconomic research from the perspective of a value investor. Sign up for the newsletter.
Company Info
McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: North American Pharmaceutical, Oncology & Multispecialty, Prescription Technology Solutions, and Medical-Surgical Solutions.
Market Cap
$89.4B
Pitch Price
N/A
Price Target
1.3K (+62%)
Dividend
0.43%
EV/EBITDA
12.86
P/E
19.90
EV/Sales
0.24
Sector
Health Care Providers and Services
Category
value
McKesson Deep-Dive: A 20% Panic, 70% ROIC, and the Invisible Healthcare Giant (2026)
MCK: Pharma distribution oligopoly (Big 3 = 95% US share), capital-light bridge w/ 70% ROIC, 60% share count cut over 20yrs, $5.4B FCF, 17.4x EV/FCF. Down 20% on Q4 rev miss ($96.3B vs $101.5B est) but beat EPS. Aging population + GLP-1 tailwinds. DCF intrinsic value $885 (worst case, 18% upside) to $1,275 (70% upside).
Read full article (19 min)