CLS1 (McKesson Europe AG) vs DAX Index Comparison

CLS1

DAX Index

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CLS1

DAX Index

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CLS1

DAX Index

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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DAX Index

CLS1

MCK

COR

0HF3

CAH

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McKesson Europe AG
Glance View

Market Cap

5B EUR

Industry

Health Care

McKesson Europe AG traces its roots back over a century, intertwining its growth story with the evolving landscape of healthcare in Europe. As a pivotal player in the distribution and retail of pharmaceuticals, McKesson Europe bridges the critical gap between manufacturers and patients. They operate a vast network of pharmacies spread across numerous countries, alongside an extensive distribution system. This infrastructure ensures medicines and health products swiftly reach their destinations, whether it be sprawling urban areas or remote rural locales. Through this network, McKesson Europe not only guarantees the delivery of essential drugs but also emphasizes efficiency and reliability, crafting a reputation that enhances its commercial success. Revenue streams for McKesson Europe derive from its multifaceted approach to healthcare services. The company thrives on both the wholesaling aspect, where it supplies drugs and health products to independent pharmacies and hospitals, and its retail operations through pharmacy chains. Moreover, McKesson Europe extends its business model by providing management services to independent pharmacies, optimizing their operations and supply chains. With the ever-growing demand for healthcare solutions in Europe, the company capitalizes on this pressing need, utilizing its vast logistical capabilities and deep industry knowledge to maintain its position as a leader in the pharmaceutical distribution and retail sectors. This strategic combination of services enables McKesson Europe AG to sustain its business momentum, adapting to the changing needs of the healthcare market.

View CLS1 Analysis

CLS1 Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

US		Mckesson Corp NYSE:MCK	Add
US		Cencora Inc NYSE:COR	Add
US	A	Amerisourcebergen Corp LSE:0HF3	Add
US		Cardinal Health Inc NYSE:CAH	Add
US		Henry Schein Inc NASDAQ:HSIC	Add
KR		Celltrion Healthcare Co Ltd KOSDAQ:091990	Add
CN		Sinopharm Group Co Ltd HKEX:1099	Add
CN		Huadong Medicine Co Ltd SZSE:000963	Add
CN		Shanghai Pharmaceuticals Holding Co Ltd SSE:601607	Add
IT		Amplifon SpA MIL:AMP	Add

US		Mckesson Corp NYSE:MCK	Select
US		Cencora Inc NYSE:COR	Select
US	A	Amerisourcebergen Corp LSE:0HF3	Select
US		Cardinal Health Inc NYSE:CAH	Select
US		Henry Schein Inc NASDAQ:HSIC	Select
KR		Celltrion Healthcare Co Ltd KOSDAQ:091990	Select
CN		Sinopharm Group Co Ltd HKEX:1099	Select
CN		Huadong Medicine Co Ltd SZSE:000963	Select
CN		Shanghai Pharmaceuticals Holding Co Ltd SSE:601607	Select
IT		Amplifon SpA MIL:AMP	Select

US		Mckesson Corp NYSE:MCK	Add
US		Cencora Inc NYSE:COR	Add
US	A	Amerisourcebergen Corp LSE:0HF3	Add
US		Cardinal Health Inc NYSE:CAH	Add
US		Henry Schein Inc NASDAQ:HSIC	Add
KR		Celltrion Healthcare Co Ltd KOSDAQ:091990	Add
CN		Sinopharm Group Co Ltd HKEX:1099	Add
CN		Huadong Medicine Co Ltd SZSE:000963	Add
CN		Shanghai Pharmaceuticals Holding Co Ltd SSE:601607	Add
IT		Amplifon SpA MIL:AMP	Add

US	G	GE Vernova LLC NYSE:GEV	Add
NL	N	Nepi Rockcastle NV JSE:NRP	Add
US		Schlumberger NV NYSE:SLB	Add
US	B	Baker Hughes Co NASDAQ:BKR	Add
ID		Amman Mineral Internasional Tbk PT IDX:AMMN	Add
US	R	Reddit Inc NYSE:RDDT	Add
CH	G	Galderma Group AG SIX:GALD	Add
US		Halliburton Co NYSE:HAL	Add
LU		Tenaris SA MIL:TEN	Add
IN		Jio Financial Services Ltd NSE:JIOFIN	Add

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CLS1

vs

DAX Index

Stocks Performance
CLS1 vs DAX Index

Performance Gap
CLS1 vs DAX Index

Performance By Year
CLS1 vs DAX Index

Competitors Performance
McKesson Europe AG vs Peers

McKesson Europe AG
Glance View

Company

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CLS1 vs DAX Index

Stocks Performance CLS1 vs DAX Index

Performance Gap CLS1 vs DAX Index

Performance By Year CLS1 vs DAX Index

Competitors Performance McKesson Europe AG vs Peers

McKesson Europe AG Glance View

Company

Help

Tools

Stocks

CLS1

vs

DAX Index

Stocks Performance
CLS1 vs DAX Index

Performance Gap
CLS1 vs DAX Index

Performance By Year
CLS1 vs DAX Index

Competitors Performance
McKesson Europe AG vs Peers

McKesson Europe AG
Glance View