Centene Cash Ratio vs Free Cash Flow Per Share Analysis

CNC Stock

USD 60.37 0.02 0.03%

Centene Corp financial indicator trend analysis is way more than just evaluating Centene Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centene Corp is a good investment. Please check the relationship between Centene Corp Cash Ratio and its Free Cash Flow Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

Cash Ratio vs Free Cash Flow Per Share

Cash Ratio vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centene Corp Cash Ratio account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Centene Corp's Cash Ratio and Free Cash Flow Per Share is -0.2. Overlapping area represents the amount of variation of Cash Ratio that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Centene Corp, assuming nothing else is changed. The correlation between historical values of Centene Corp's Cash Ratio and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Ratio of Centene Corp are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Cash Ratio i.e., Centene Corp's Cash Ratio and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Cash Ratio

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Centene Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centene Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.At present, Centene Corp's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 13.33, whereas Discontinued Operations is forecasted to decline to about 1.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	14.2B	16.7B	31.5B	33.1B
Total Revenue	126.0B	144.5B	154.0B	161.7B

Gross Profit Total Revenue

Centene Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Common Stock Shares Outstanding	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Cash	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Inventory	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.99	0.99	0.7	0.99	0.86	0.73	0.99	0.96	1.0	0.81	0.49	0.98	0.89	0.95	0.98	0.94	0.97	0.99	0.97	0.99	0.99	0.98	-0.86	0.94	0.96
Short Long Term Debt Total	0.99		0.98	0.75	0.98	0.9	0.76	1.0	0.96	0.98	0.84	0.58	0.94	0.89	0.97	0.94	0.88	0.97	1.0	0.97	0.96	0.97	0.94	-0.9	0.88	0.94
Total Stockholder Equity	0.99	0.98		0.76	1.0	0.87	0.78	0.99	0.98	0.99	0.83	0.55	0.96	0.92	0.96	0.95	0.91	0.95	0.98	0.95	0.97	0.99	0.95	-0.88	0.91	0.97
Net Debt	0.7	0.75	0.76		0.79	0.81	0.79	0.78	0.83	0.67	0.81	0.77	0.57	0.8	0.8	0.55	0.44	0.56	0.75	0.57	0.62	0.8	0.6	-0.73	0.53	0.6
Non Current Assets Total	0.99	0.98	1.0	0.79		0.88	0.79	0.99	0.98	0.98	0.85	0.57	0.95	0.93	0.96	0.94	0.89	0.93	0.98	0.94	0.97	1.0	0.95	-0.87	0.91	0.94
Non Currrent Assets Other	0.86	0.9	0.87	0.81	0.88		0.89	0.91	0.88	0.84	0.82	0.58	0.77	0.9	0.94	0.77	0.66	0.82	0.9	0.82	0.81	0.87	0.75	-0.87	0.69	0.77
Other Assets	0.73	0.76	0.78	0.79	0.79	0.89		0.78	0.82	0.7	0.74	0.54	0.62	0.94	0.86	0.61	0.52	0.65	0.76	0.64	0.66	0.78	0.57	-0.72	0.58	0.71
Non Current Liabilities Total	0.99	1.0	0.99	0.78	0.99	0.91	0.78		0.97	0.98	0.84	0.57	0.94	0.91	0.97	0.94	0.87	0.95	1.0	0.96	0.96	0.98	0.94	-0.89	0.89	0.93
Other Stockholder Equity	0.96	0.96	0.98	0.83	0.98	0.88	0.82	0.97		0.94	0.84	0.61	0.89	0.93	0.96	0.89	0.83	0.89	0.96	0.89	0.92	0.98	0.9	-0.89	0.86	0.92
Total Liab	1.0	0.98	0.99	0.67	0.98	0.84	0.7	0.98	0.94		0.79	0.46	0.99	0.87	0.93	0.99	0.95	0.97	0.98	0.98	1.0	0.98	0.98	-0.85	0.94	0.96
Common Stock Shares Outstanding	0.81	0.84	0.83	0.81	0.85	0.82	0.74	0.84	0.84	0.79		0.73	0.73	0.79	0.88	0.71	0.64	0.74	0.84	0.74	0.75	0.84	0.73	-0.8	0.62	0.75
Other Current Liab	0.49	0.58	0.55	0.77	0.57	0.58	0.54	0.57	0.61	0.46	0.73		0.37	0.49	0.67	0.35	0.28	0.44	0.58	0.43	0.4	0.56	0.38	-0.69	0.2	0.49
Total Current Liabilities	0.98	0.94	0.96	0.57	0.95	0.77	0.62	0.94	0.89	0.99	0.73	0.37		0.82	0.88	1.0	0.98	0.97	0.94	0.98	1.0	0.95	0.99	-0.8	0.97	0.95
Other Liab	0.89	0.89	0.92	0.8	0.93	0.9	0.94	0.91	0.93	0.87	0.79	0.49	0.82		0.93	0.81	0.75	0.81	0.89	0.81	0.85	0.93	0.79	-0.77	0.81	0.86
Property Plant And Equipment Net	0.95	0.97	0.96	0.8	0.96	0.94	0.86	0.97	0.96	0.93	0.88	0.67	0.88	0.93		0.88	0.81	0.91	0.97	0.91	0.91	0.95	0.86	-0.92	0.79	0.92
Retained Earnings	0.98	0.94	0.95	0.55	0.94	0.77	0.61	0.94	0.89	0.99	0.71	0.35	1.0	0.81	0.88		0.98	0.98	0.94	0.98	0.99	0.93	0.99	-0.81	0.96	0.95
Accounts Payable	0.94	0.88	0.91	0.44	0.89	0.66	0.52	0.87	0.83	0.95	0.64	0.28	0.98	0.75	0.81	0.98		0.94	0.89	0.95	0.97	0.89	0.97	-0.72	0.96	0.94
Cash	0.97	0.97	0.95	0.56	0.93	0.82	0.65	0.95	0.89	0.97	0.74	0.44	0.97	0.81	0.91	0.98	0.94		0.97	1.0	0.97	0.92	0.95	-0.85	0.9	0.95
Long Term Debt	0.99	1.0	0.98	0.75	0.98	0.9	0.76	1.0	0.96	0.98	0.84	0.58	0.94	0.89	0.97	0.94	0.89	0.97		0.97	0.96	0.97	0.94	-0.9	0.88	0.94
Cash And Short Term Investments	0.97	0.97	0.95	0.57	0.94	0.82	0.64	0.96	0.89	0.98	0.74	0.43	0.98	0.81	0.91	0.98	0.95	1.0	0.97		0.98	0.93	0.96	-0.85	0.92	0.96
Net Receivables	0.99	0.96	0.97	0.62	0.97	0.81	0.66	0.96	0.92	1.0	0.75	0.4	1.0	0.85	0.91	0.99	0.97	0.97	0.96	0.98		0.96	0.99	-0.83	0.96	0.95
Good Will	0.99	0.97	0.99	0.8	1.0	0.87	0.78	0.98	0.98	0.98	0.84	0.56	0.95	0.93	0.95	0.93	0.89	0.92	0.97	0.93	0.96		0.95	-0.86	0.91	0.94
Short Term Investments	0.98	0.94	0.95	0.6	0.95	0.75	0.57	0.94	0.9	0.98	0.73	0.38	0.99	0.79	0.86	0.99	0.97	0.95	0.94	0.96	0.99	0.95		-0.8	0.97	0.93
Inventory	-0.86	-0.9	-0.88	-0.73	-0.87	-0.87	-0.72	-0.89	-0.89	-0.85	-0.8	-0.69	-0.8	-0.77	-0.92	-0.81	-0.72	-0.85	-0.9	-0.85	-0.83	-0.86	-0.8		-0.69	-0.84
Other Current Assets	0.94	0.88	0.91	0.53	0.91	0.69	0.58	0.89	0.86	0.94	0.62	0.2	0.97	0.81	0.79	0.96	0.96	0.9	0.88	0.92	0.96	0.91	0.97	-0.69		0.91
Property Plant And Equipment Gross	0.96	0.94	0.97	0.6	0.94	0.77	0.71	0.93	0.92	0.96	0.75	0.49	0.95	0.86	0.92	0.95	0.94	0.95	0.94	0.96	0.95	0.94	0.93	-0.84	0.91

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Centene Corp Account Relationship Matchups

Centene Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	41.0B	68.7B	78.4B	76.9B	84.6B	88.9B
Short Long Term Debt Total	13.7B	16.8B	18.8B	18.0B	17.8B	18.7B
Total Stockholder Equity	12.6B	25.8B	26.8B	24.1B	25.8B	27.1B
Net Debt	1.6B	6.0B	5.7B	5.9B	636M	831.5M
Non Current Assets Total	20.7B	45.3B	49.9B	46.7B	43.9B	46.1B
Non Currrent Assets Other	1.9B	1.5B	3.5B	2.2B	1.5B	1.6B
Other Assets	1.2B	2.7B	4.8B	1.2B	1.4B	1.5B
Liabilities And Stockholders Equity	41.0B	68.7B	78.4B	76.9B	84.6B	88.9B
Non Current Liabilities Total	15.4B	21.2B	25.6B	24.2B	22.0B	23.1B
Other Stockholder Equity	7.4B	18.6B	18.6B	15.8B	14.4B	15.2B
Total Liab	28.3B	42.8B	51.4B	52.6B	58.7B	61.6B
Common Stock Shares Outstanding	420.4M	579.1M	590.5M	582.0M	545.7M	293.9M
Other Current Liab	8.3B	12.4B	5.8B	7.2B	1.6B	2.8B
Total Current Liabilities	12.9B	21.6B	25.8B	28.5B	36.7B	38.6B
Other Liab	1.1B	4.5B	7.0B	3.1B	3.6B	3.7B
Property Plant And Equipment Net	2.1B	2.8B	3.4B	2.4B	2.4B	2.5B
Retained Earnings	5.0B	6.8B	8.1B	9.3B	12.0B	12.6B
Accounts Payable	4.2B	8.5B	8.3B	9.3B	16.3B	17.1B
Cash	12.1B	10.8B	13.1B	12.1B	17.2B	18.1B
Long Term Debt	13.6B	16.7B	18.6B	17.9B	17.7B	18.6B
Cash And Short Term Investments	13.0B	12.4B	14.7B	14.4B	19.7B	20.6B
Net Receivables	6.2B	9.7B	12.2B	13.3B	15.5B	16.3B
Good Will	6.9B	18.7B	19.8B	18.8B	17.6B	18.4B
Short Term Investments	863M	1.6B	1.5B	2.3B	2.5B	2.6B
Other Current Assets	1.1B	11.0B	13.8B	15.7B	21.1B	22.2B
Property Plant And Equipment Gross	2.1B	4.1B	3.4B	2.4B	4.4B	4.6B
Total Current Assets	20.3B	23.4B	28.5B	30.1B	40.8B	42.8B
Accumulated Other Comprehensive Income	134M	337M	77M	(1.1B)	(652M)	(619.4M)
Intangible Assets	2.1B	8.4B	7.8B	6.9B	6.1B	6.4B
Common Stock	4.3B	7.4B	0.0	1M	1.2M	1.1M
Property Plant Equipment	2.1B	2.8B	3.4B	2.4B	2.8B	2.9B
Current Deferred Revenue	383M	523M	434M	478M	715M	750.8M
Short Term Debt	88M	97M	471M	262M	287M	301.4M
Treasury Stock	(214M)	(816M)	(1.1B)	(4.2B)	(3.8B)	(3.6B)
Net Tangible Assets	3.7B	(1.2B)	(800M)	(1.6B)	(1.4B)	(1.4B)
Noncontrolling Interest In Consolidated Entity	108M	112M	145M	124M	142.6M	149.7M
Retained Earnings Total Equity	5.0B	6.8B	8.1B	9.3B	10.7B	11.3B

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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:

How To Invest In Centene

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Is Centene Stock a good investment?

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What is Centene Corp's Net Worth?

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Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Is Health Care Providers & Services space 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

0.565

Earnings Share

5.79

Revenue Per Share

275.741

Quarterly Revenue Growth

0.061

Return On Assets

0.0351

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.

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Centene Cash Ratio vs Free Cash Flow Per Share Analysis

Cash Ratio vs Free Cash Flow Per Share

Cash Ratio vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Cash Ratio

Free Cash Flow Per Share

Centene Corp fundamental ratios Correlations

Centene Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Centene Corp fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Total Stockholder Equity
Good Will	+ 1.0	Non Current Assets Total
Long Term Debt	+ 1.0	Non Current Liabilities Total

Inventory	- 0.92	Property Plant And Equipment Net
Inventory	- 0.9	Long Term Debt
Inventory	- 0.9	Short Long Term Debt Total
Inventory	- 0.89	Other Stockholder Equity
Inventory	- 0.89	Non Current Liabilities Total
Inventory	- 0.88	Total Stockholder Equity