Centene Enterprise Value Trend from 2010 to 2022

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USD 85.21  0.27  0.32%   

Centene Corp Enterprise Value is increasing over the years with slightly volatile fluctuation. Ongoing Enterprise Value is projected to grow to about 57.7 B this year. From 2010 to 2022 Centene Corp Enterprise Value quarterly data regression line had arithmetic mean of 19,327,312,306 and slope of  4,731,994,354. Centene Corp Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 103.5 Billion. The current year Cost of Revenue is expected to grow to about 120.6 B, whereas Consolidated Income is forecasted to decline to about 1.1 B.
  
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Check Centene Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Centene main balance sheet or income statement drivers, such as Direct Expenses of 111.7 B, Consolidated Income of 1.1 B or Cost of Revenue of 120.6 B, as well as many exotic indicators such as Interest Coverage of 2.75, Long Term Debt to Equity of 0.63 or Calculated Tax Rate of 35.51. Centene financial statements analysis is a perfect complement when working with Centene Corp Valuation or Volatility modules. It can also supplement various Centene Corp Technical models. Continue to the analysis of Centene Corp Correlation against competitors.

Centene Corp Quarterly Enterprise Value

54.79 Billion

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Centene Enterprise Value Breakdown

Showing smoothed Enterprise Value of Centene Corp with missing and latest data points interpolated. Enterprise Value (or EV) is usually referred to as Centene Corp theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Centene Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Centene Corp value than its market capitalization because it takes into account all of Centene Corp existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.Centene Corp's Enterprise Value historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Centene Corp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 57.14 B10 Years Trend
Increasing
Slightly volatile
 Enterprise Value 
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      Timeline 

Centene Enterprise Value Regression Statistics

Arithmetic Mean 19,327,312,306
Geometric Mean 10,109,137,569
Coefficient Of Variation 102.42
Mean Deviation 16,010,496,684
Median 11,264,109,689
Standard Deviation 19,794,486,002
Range 56,004,384,887
R-Value 0.93
R-Squared 0.87
Significance 0.00000383
Slope 4,731,994,354

Centene Enterprise Value History

20121.7 B
2013B
20145.5 B
20157.5 B
201611.3 B
201717.8 B
201823.2 B
201926.8 B
202039.4 B
202153.5 B
202257.7 B

Other Fundumenentals of Centene Corp

About Centene Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Centene Corp income statement, its balance sheet, and the statement of cash flows. Centene Corp investors use historical funamental indicators, such as Centene Corp's Enterprise Value, to determine how well the company is positioned to perform in the future. Although Centene Corp investors may use each financial statement separately, they are all related. The changes in Centene Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Centene Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Centene Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Centene Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Enterprise Value over EBIT 21.00  18.63 
Enterprise Value over EBITDA 13.49  12.62 
Enterprise Value53.5 B57.7 B
Tangible Asset Value50.8 B54.8 B
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.

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Our tools can tell you how much better you can do entering a position in Centene Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.

Centene Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 equities. 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
Continue to the analysis of Centene Corp Correlation against competitors. Note that the Centene Corp information on this page should be used as a complementary analysis to other Centene Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Centene Corp 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 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 YOY
0.21
Market Capitalization
49.7 B
Quarterly Revenue Growth YOY
0.22
Return On Assets
0.0312
Return On Equity
0.0553
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 Centene Corp value 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.