Centene Corp Stock Book Value Per Share

CNC Stock  USD 78.48  0.13  0.17%   
Centene Corp fundamentals help investors to digest information that contributes to Centene Corp's financial success or failures. It also enables traders to predict the movement of Centene Stock. The fundamental analysis module provides a way to measure Centene Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Centene Corp stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Centene Book Value Per Share Analysis

Centene Corp's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
 2021 2022 2023 2024 (projected)
Gross Profit14.2B16.7B31.5B33.1B
Total Revenue126.0B144.5B154.0B161.7B

Book Value per Share

 = 

Common Equity

Average Shares

More About Book Value Per Share | All Equity Analysis

Current Centene Corp Book Value Per Share

    
  48.35 X  
Most of Centene Corp's fundamental indicators, such as Book Value Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Centene Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Centene Book Value Per Share Driver Correlations

Understanding the fundamental principles of building solid financial models for Centene Corp is extremely important. It helps to project a fair market value of Centene Stock properly, considering its historical fundamentals such as Book Value Per Share. Since Centene Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Centene Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Centene Corp's interrelated accounts and indicators.
0.990.70.730.971.01.00.890.980.910.990.990.990.980.640.980.96-0.090.970.930.83-0.82-0.630.990.991.00.780.910.960.67
0.990.760.780.990.990.990.920.950.880.980.970.990.950.580.950.98-0.070.980.920.85-0.77-0.630.980.990.990.810.910.970.65
0.70.760.790.840.670.710.80.550.370.750.620.80.6-0.070.560.84-0.050.750.510.7-0.41-0.480.690.690.680.730.710.80.4
0.730.780.790.830.70.70.940.610.480.760.660.780.570.150.620.81-0.050.830.560.94-0.3-0.390.720.710.70.960.740.80.5
0.970.990.840.830.950.960.940.90.80.970.930.990.910.460.90.99-0.060.970.870.86-0.7-0.630.950.960.960.830.890.970.61
1.00.990.670.70.951.00.870.990.930.981.00.980.980.670.990.94-0.10.960.940.82-0.85-0.630.990.991.00.770.910.950.68
1.00.990.710.70.961.00.880.980.910.980.990.980.980.630.970.95-0.070.960.930.81-0.85-0.640.980.991.00.760.90.950.64
0.890.920.80.940.940.870.880.810.710.890.850.930.790.390.810.94-0.130.920.740.95-0.58-0.630.870.890.870.930.830.920.52
0.980.950.550.610.90.990.980.810.970.940.990.930.990.771.00.88-0.10.920.940.76-0.89-0.620.970.980.980.690.870.910.67
0.910.880.370.480.80.930.910.710.970.850.950.850.950.880.960.79-0.080.830.940.66-0.88-0.650.90.920.930.580.760.80.57
0.990.980.750.760.970.980.980.890.940.850.960.970.940.550.960.95-0.110.980.910.85-0.76-0.530.990.970.980.810.950.960.76
0.990.970.620.660.931.00.990.850.990.950.960.960.990.710.990.92-0.090.940.940.8-0.88-0.640.980.990.990.740.880.930.65
0.990.990.80.780.990.980.980.930.930.850.970.960.950.530.930.99-0.080.960.890.84-0.78-0.680.970.990.980.80.890.970.59
0.980.950.60.570.910.980.980.790.990.950.940.990.950.730.980.9-0.110.90.930.72-0.92-0.680.960.980.980.650.850.910.61
0.640.58-0.070.150.460.670.630.390.770.880.550.710.530.730.760.46-0.150.520.720.38-0.75-0.50.630.670.650.280.480.50.42
0.980.950.560.620.90.990.970.811.00.960.960.990.930.980.760.88-0.110.930.950.78-0.86-0.580.980.970.980.710.890.910.71
0.960.980.840.810.990.940.950.940.880.790.950.920.990.90.460.88-0.120.940.840.84-0.72-0.70.930.960.950.810.860.970.55
-0.09-0.07-0.05-0.05-0.06-0.1-0.07-0.13-0.1-0.08-0.11-0.09-0.08-0.11-0.15-0.11-0.120.00.08-0.160.210.28-0.12-0.11-0.04-0.15-0.23-0.21-0.2
0.970.980.750.830.970.960.960.920.920.830.980.940.960.90.520.930.940.00.90.89-0.68-0.480.970.950.960.860.920.950.72
0.930.920.510.560.870.940.930.740.940.940.910.940.890.930.720.950.840.080.90.67-0.77-0.520.930.920.950.60.790.820.64
0.830.850.70.940.860.820.810.950.760.660.850.80.840.720.380.780.84-0.160.890.67-0.51-0.430.840.810.80.990.850.870.65
-0.82-0.77-0.41-0.3-0.7-0.85-0.85-0.58-0.89-0.88-0.76-0.88-0.78-0.92-0.75-0.86-0.720.21-0.68-0.77-0.510.71-0.8-0.84-0.83-0.44-0.7-0.76-0.44
-0.63-0.63-0.48-0.39-0.63-0.63-0.64-0.63-0.62-0.65-0.53-0.64-0.68-0.68-0.5-0.58-0.70.28-0.48-0.52-0.430.71-0.55-0.69-0.63-0.39-0.4-0.620.06
0.990.980.690.720.950.990.980.870.970.90.990.980.970.960.630.980.93-0.120.970.930.84-0.8-0.550.980.990.790.940.950.75
0.990.990.690.710.960.990.990.890.980.920.970.990.990.980.670.970.96-0.110.950.920.81-0.84-0.690.980.990.750.880.960.61
1.00.990.680.70.961.01.00.870.980.930.980.990.980.980.650.980.95-0.040.960.950.8-0.83-0.630.990.990.750.890.940.65
0.780.810.730.960.830.770.760.930.690.580.810.740.80.650.280.710.81-0.150.860.60.99-0.44-0.390.790.750.750.850.850.64
0.910.910.710.740.890.910.90.830.870.760.950.880.890.850.480.890.86-0.230.920.790.85-0.7-0.40.940.880.890.850.950.85
0.960.970.80.80.970.950.950.920.910.80.960.930.970.910.50.910.97-0.210.950.820.87-0.76-0.620.950.960.940.850.950.68
0.670.650.40.50.610.680.640.520.670.570.760.650.590.610.420.710.55-0.20.720.640.65-0.440.060.750.610.650.640.850.68
Click cells to compare fundamentals
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Competition

Centene Common Stock Shares Outstanding

Common Stock Shares Outstanding

293.89 Million

At present, Centene Corp's Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting.
In accordance with the recently published financial statements, the book value per share of Centene Corp is about 48.346 times. This is 2943.88% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The book value per share for all United States stocks is 97.5% higher than that of the company.

Centene Book Value Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Centene Corp's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Centene Corp could also be used in its relative valuation, which is a method of valuing Centene Corp by comparing valuation metrics of similar companies.
Centene Corp is currently under evaluation in book value per share category among related companies.

Centene Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Centene Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Centene Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Centene Fundamentals

About Centene Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Centene Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Centene Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Centene Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people.

Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Centene Stock

  0.43MASS 908 Devices Financial Report 14th of May 2024 PairCorr
The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
The correlation of Centene Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:
Check out Centene Corp Piotroski F Score and Centene Corp Altman Z Score analysis.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Centene Stock analysis

When running Centene Corp's price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.32)
Earnings Share
4.95
Revenue Per Share
260.006
Quarterly Revenue Growth
0.056
Return On Assets
0.037
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.