Centene Corp Financials

CNC Stock  USD 60.37  0.02  0.03%   
Based on the analysis of Centene Corp's profitability, liquidity, and operating efficiency, Centene Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Centene Corp's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Total Stockholder Equity is expected to grow to about 27.1 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 293.9 M. Key indicators impacting Centene Corp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Equity0.07510.1046
Way Down
Slightly volatile
Current Ratio0.861.11
Significantly Down
Very volatile
Investors should never underestimate Centene Corp's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Centene Corp's cash flow, debt, and profitability to make informed and accurate decisions about investing in Centene Corp.

Cash And Equivalents

9.66 Billion

  
Understanding current and past Centene Corp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Centene Corp's financial statements are interrelated, with each one affecting the others. For example, an increase in Centene Corp's assets may result in an increase in income on the income statement.
Please note, the presentation of Centene Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Centene Corp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Centene Corp's management manipulating its earnings.

Centene Corp Stock Summary

Centene Corp competes with Humana, and Elevance Health. 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.
Specialization
Health Care, Health Care Equipment & Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS15135B1017
CUSIP15135B101
LocationMissouri; U.S.A
Business AddressCentene Plaza, Saint
SectorHealth Care Providers & Services
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.centene.com
Phone314 725 4477
CurrencyUSD - US Dollar

Centene Corp Key Financial Ratios

Centene Corp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets41.0B68.7B78.4B76.9B84.6B88.9B
Net Debt1.6B6.0B5.7B5.9B636M831.5M
Other Assets1.2B2.7B4.8B1.2B1.4B1.5B
Total Liab28.3B42.8B51.4B52.6B58.7B61.6B
Other Current Liab8.3B12.4B5.8B7.2B1.6B2.8B
Other Liab1.1B4.5B7.0B3.1B3.6B3.7B
Retained Earnings5.0B6.8B8.1B9.3B12.0B12.6B
Accounts Payable4.2B8.5B8.3B9.3B16.3B17.1B
Cash12.1B10.8B13.1B12.1B17.2B18.1B
Long Term Debt13.6B16.7B18.6B17.9B17.7B18.6B
Net Receivables6.2B9.7B12.2B13.3B15.5B16.3B
Good Will6.9B18.7B19.8B18.8B17.6B18.4B
Other Current Assets1.1B11.0B13.8B15.7B21.1B22.2B
Total Current Assets20.3B23.4B28.5B30.1B40.8B42.8B
Intangible Assets2.1B8.4B7.8B6.9B6.1B6.4B
Common Stock4.3B7.4B0.01M1.2M1.1M
Short Term Debt88M97M471M262M287M301.4M
Treasury Stock(214M)(816M)(1.1B)(4.2B)(3.8B)(3.6B)
Net Tangible Assets3.7B(1.2B)(800M)(1.6B)(1.4B)(1.4B)

Centene Corp Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense343M412M728M665M725M761.3M
Total Revenue74.6B111.1B126.0B144.5B154.0B161.7B
Gross Profit8.8B15.2B14.2B16.7B31.5B33.1B
Operating Income1.8B3.1B3.3B3.6B2.9B3.1B
Ebit1.8B3.5B2.5B2.6B2.9B3.1B
Ebitda2.7B4.8B4.0B4.1B2.9B3.1B
Income Before Tax1.8B2.8B1.8B2.0B3.6B3.8B
Net Income1.3B1.8B1.3B1.2B2.7B2.8B
Income Tax Expense473M979M477M760M899M944.0M
Cost Of Revenue65.8B95.9B111.8B127.9B122.5B128.6B
Minority Interest(12M)(14M)11M3M3.5M3.6M
Tax Provision473M979M477M760M1.2B684.6M
Interest Income343M412M728M665M764.8M457.6M
Net Interest Income(343M)(412M)(728M)(665M)(716M)(751.8M)

Centene Corp Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash6.8B(1.2B)2.3B(884M)5.1B5.4B
Free Cash Flow753M4.6B3.3B5.3B7.3B7.6B
Depreciation643M1.3B1.5B1.6B1.3B1.4B
Other Non Cash Items301M25M(54M)1.7B546M573.3M
Capital Expenditures730M869M910M1.0B799M839.0M
Net Income1.3B1.8B1.3B1.2B2.7B2.8B
End Period Cash Flow12.1B11.0B13.2B12.3B17.5B18.3B
Change To Inventory421M(585M)(1.1B)2.1B2.4B2.6B
Investments(766M)(2.5B)(3.3B)(2.9B)(21M)(22.1M)
Change Receivables(1.1B)(52M)(2.5B)(1.6B)(1.5B)(1.4B)
Net Borrowings6.9B839M1.8B(1.1B)(1.3B)(1.2B)
Dividends Paid66M6.1B35M88M101.2M96.1M
Change To Netincome508M280M6M1.3B1.5B1.6B

Centene Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Centene Corp's current stock value. Our valuation model uses many indicators to compare Centene Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Centene Corp competition to find correlations between indicators driving Centene Corp's intrinsic value. More Info.
Centene Corp is rated second in return on equity category among its peers. It is rated third in return on asset category among its peers reporting about  0.30  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Centene Corp is roughly  3.29 . At present, Centene Corp's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Centene Corp's earnings, one of the primary drivers of an investment's value.

Centene Corp Systematic Risk

Centene Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Centene Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Centene Corp correlated with the market. If Beta is less than 0 Centene Corp generally moves in the opposite direction as compared to the market. If Centene Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Centene Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Centene Corp is generally in the same direction as the market. If Beta > 1 Centene Corp moves generally in the same direction as, but more than the movement of the benchmark.

Centene Corp Thematic Clasifications

Centene Corp is part of several thematic ideas from Obamacare to Insurance. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Centene Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Centene Corp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Centene Corp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.11

At present, Centene Corp's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Centene Corp November 23, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Centene Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Centene Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Centene Corp based on widely used predictive technical indicators. In general, we focus on analyzing Centene Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Centene Corp's daily price indicators and compare them against related drivers.

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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