Centene Corp Stock EBITDA
CNC Stock | USD 72.00 0.26 0.36% |
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.
Last Reported | Projected for Next Year | ||
EBITDA | 2.9 B | 3.1 B |
Centene | EBITDA |
Centene Corp Company EBITDA Analysis
Centene Corp's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Centene Corp EBITDA | 2.93 B |
Most of Centene Corp's fundamental indicators, such as EBITDA, 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 EBITDA 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 EBITDA. 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.
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In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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Centene Ebitda
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According to the company disclosure, Centene Corp reported earnings before interest,tax, depreciation and amortization of 2.93 B. This is 233.93% higher than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The ebitda for all United States stocks is 24.84% higher than that of the company.
Centene EBITDA 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 EBITDA 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 ebitda 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 Corp Institutional Holders
Institutional Holdings refers to the ownership stake in Centene Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Centene Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Centene Corp's value.Shares | Goldman Sachs Group Inc | 2023-12-31 | 9.1 M | Amvescap Plc. | 2023-12-31 | 8.8 M | Boston Partners Global Investors, Inc | 2023-12-31 | 8.6 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 6.3 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 6.1 M | Arrowstreet Capital Limited Partnership | 2023-12-31 | 5.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 5.7 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 5.6 M | Ameriprise Financial Inc | 2023-12-31 | 5.6 M | Vanguard Group Inc | 2023-12-31 | 61.2 M | Blackrock Inc | 2023-12-31 | 40.8 M |
Centene Fundamentals
Return On Equity | 0.11 | ||||
Return On Asset | 0.037 | ||||
Profit Margin | 0.02 % | ||||
Operating Margin | 0.01 % | ||||
Current Valuation | 38.24 B | ||||
Shares Outstanding | 534.91 M | ||||
Shares Owned By Insiders | 0.29 % | ||||
Shares Owned By Institutions | 98.08 % | ||||
Number Of Shares Shorted | 8.2 M | ||||
Price To Earning | 20.27 X | ||||
Price To Book | 1.46 X | ||||
Price To Sales | 0.27 X | ||||
Revenue | 154 B | ||||
Gross Profit | 24.47 B | ||||
EBITDA | 2.93 B | ||||
Net Income | 2.7 B | ||||
Cash And Equivalents | 12.07 B | ||||
Cash Per Share | 30.34 X | ||||
Total Debt | 17.83 B | ||||
Debt To Equity | 0.84 % | ||||
Current Ratio | 1.06 X | ||||
Book Value Per Share | 48.35 X | ||||
Cash Flow From Operations | 8.05 B | ||||
Short Ratio | 2.58 X | ||||
Earnings Per Share | 4.92 X | ||||
Price To Earnings To Growth | 0.68 X | ||||
Target Price | 89.73 | ||||
Number Of Employees | 67.7 K | ||||
Beta | 0.39 | ||||
Market Capitalization | 38.9 B | ||||
Total Asset | 84.64 B | ||||
Retained Earnings | 12.04 B | ||||
Working Capital | 4.04 B | ||||
Current Asset | 3.6 B | ||||
Current Liabilities | 3.63 B | ||||
Net Asset | 84.64 B |
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.
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.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.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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.
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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 4.92 | 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.