Centene Stock Financials

CNC -  USA Stock  

USD 80.55  0.67  0.84%

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. Because of this, it is necessary to analyze all of Centene Corp's financials over time to get the whole picture.
Centene Corp Average Assets are projected to increase significantly based on the last few years of reporting. The past year's Average Assets were at 78.16 Billion. The current year Earnings Before Interest Taxes and Depreciation Amortization EBITDA is expected to grow to about 5.9 B, whereas Net Income Per Employee is forecasted to decline to about 20.1 K.
Use fundamental data analysis to double-check all available reported financial drivers of Centene Corp to find out if markets are presently mispricing the company. We were able to interpolate thirty-six available fundamental indicators for Centene Corp, which can be compared to its rivals. To make sure the equity is not overpriced, please confirm all Centene Corp financials, including its number of shares shorted, ebitda, current ratio, as well as the relationship between the price to sales and cash per share . Given that Centene Corp has a number of shares shorted of 7.44 M, we suggest you to validate Centene Corp prevailing market performance to make sure the company can sustain itself down the road. Use Centene Corp to enhance returns of your portfolios. The stock experiences a moderate upward volatility. Check odds of Centene Corp to be traded at $88.61 in 90 days.

Centene Fundamentals 

 
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With this module, you can analyze Centene financials for your investing period. You should be able to track the changes in Centene Corp individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
The fundamental analysis of Centene Corp is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Centene Corp includes many different criteria found on its balance sheet. For example, investors should never minimize Centene Corp's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Centene Corp's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Centene Corp.

Centene Corp Cash

Chance Of Financial Distress
Less than 1
Centene Corp has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Centene Corp stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Centene Corp's official financial statements usually reflect Centene Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Centene Corp. For example, before you start analyzing numbers published by Centene accountants, it's critical to develop an understanding of what Centene Corp's liquidity, profitability, and earnings quality are in the context of the Healthcare space in which it operates.
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. Whatever the case, the imprecision that can be found in Centene Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Centene Corp. Please utilize our Beneish M Score to check the likelihood of Centene Corp's management to manipulate its earnings.

Centene Corp Company Summary

Centene Corp competes with CVS Corp, Triple-S Management, and Alignment Healthcare. 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 71300 people.
Foreign Associate  Mexico
Specialization
Healthcare, Healthcare Plans
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0001071739
ISINUS15135B1017
CUSIP15135B101
Older SymbolCNTE
RegionNorth America
LocationMissouri; U.S.A
Business Address7700 Forsyth Boulevard,
New SymbolCNCEQ
SectorHealthcare
IndustryHealthcare Plans
BenchmarkDOW
Websitewww.centene.com
Phone314 725 5180
CurrencyUSD - US Dollar
You should never invest in Centene Corp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Centene Stock, because this is throwing your money away. Analyzing the key information contained in Centene Corp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Centene Corp Key Financial Ratios

Generally speaking, Centene Corp's financial ratios allow both analysts and investors to convert raw data from Centene Corp's financial statements into concise, actionable information that can be used to evaluate the performance of Centene Corp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Centene Corp reports annually and quarterly.

Centene Corp Key Balance Sheet Accounts

201720182019202020212022 (projected)
Receivables3.41 B5.15 B6.25 B9.7 B8.73 B9.42 B
Accounts Payable4.17 B4.05 B4.16 B7.07 B6.36 B6.86 B
Total Assets21.86 B30.9 B40.99 B68.72 B79.03 B85.27 B
Current Assets8.7 B12 B20.32 B23.39 B26.9 B29.03 B
Assets Non Current13.15 B18.9 B20.67 B45.33 B52.12 B56.24 B
Cash and Equivalents4.07 B5.34 B12.12 B10.8 B12.42 B13.4 B
Total Debt4.7 B6.69 B13.73 B16.78 B19.3 B20.82 B
Debt Non Current4.7 B6.65 B13.64 B16.68 B19.18 B20.7 B
Deferred Revenue328 M385 M383 M523 M601.45 M648.93 M
Shareholders Equity6.85 B10.92 B12.55 B25.77 B29.64 B31.98 B
Investments5.84 B7.58 B8.58 B14.43 B16.6 B17.91 B
Investments Current531 M722 M863 M1.58 B1.82 B1.96 B
Total Liabilities14.98 B19.88 B28.3 B42.76 B49.17 B53.05 B
Current Liabilities9.33 B11.97 B12.93 B21.59 B24.82 B26.78 B

Centene Corp Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Centene Corp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201720182019202020212022 (projected)
Direct Expenses39.7 B48.44 B61.33 B89.57 B80.61 B86.97 B
Consolidated Income808 M894 M1.31 B1.79 B2.06 B2.23 B
Cost of Revenue42.58 B51.7 B65.8 B95.9 B110.28 B118.99 B
Gross Profit5.8 B8.42 B8.84 B15.22 B17.5 B18.88 B
Interest Expense255 M343 M412 M728 M837.2 M903.29 M
Net Income828 M900 M1.32 B1.81 B2.08 B2.24 B
Operating Expenses4.6 B6.96 B7.06 B12.13 B13.95 B15.06 B
Operating Income1.2 B1.46 B1.78 B3.08 B3.54 B3.82 B
Revenues48.38 B60.12 B74.64 B111.11 B127.78 B137.87 B
Income Tax Expense326 M474 M473 M979 M1.13 B1.21 B

Centene Corp Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Centene Corp. It measures of how well Centene is doing because it can show the actual money that comes into and out of the company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Centene Corp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Centene had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Centene Corp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201720182019202020212022 (projected)
Capital Expenditure(422 M)(675 M)(730 M)(869 M)(782.1 M)(802.68 M)
Depreciation Amortization and Accretion361 M495 M643 M1.26 B1.45 B1.56 B
Net Cash Flow or Change in Cash and Cash Equivalents153 M1.26 B6.78 B(1.17 B)(1.35 B)(1.39 B)
Net Cash Flow Business Acquisitions and Disposals(50 M)(2.06 B)(36 M)(3.58 B)(3.22 B)(3.31 B)
Issuance Purchase of Equity Shares(65 M)2.71 B(75 M)(626 M)(719.9 M)(738.84 M)
Issuance Repayment of Debt Securities44 M1.97 B6.87 B839 M964.85 M1.28 B
Net Cash Flow from Financing(82 M)4.61 B6.83 B260 M299 M306.87 M
Net Cash Flow from Investing(1.25 B)(4.58 B)(1.53 B)(6.96 B)(6.26 B)(6.42 B)
Net Cash Flow Investment Acquisitions and Disposals(794 M)(1.85 B)(766 M)(2.48 B)(2.23 B)(2.29 B)
Net Cash Flow from Operations1.49 B1.23 B1.48 B5.5 B6.33 B6.83 B
Share Based Compensation135 M145 M177 M281 M323.15 M348.66 M

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 price to earnings to growth category among related companies. It is rated third in price to sales category among related companies fabricating about  0.28  of Price to Sales per Price to Earnings To Growth. The ratio of Price to Earnings To Growth to Price to Sales for Centene Corp is roughly  3.59 . The current year Price to Sales Ratio is expected to grow to 0.37. Comparative valuation analysis is a catch-all model that can be used if you cannot value Centene Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Centene Corp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 thirty-six with a total number of output elements of twenty-five. 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. View also all equity analysis or get more info about beta statistic functions indicator.

About Centene Corp Financials

What exactly are Centene Corp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Centene Corp's income statement, its balance sheet, and the statement of cash flows. Potential Centene Corp investors and stakeholders use financial statements 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. Please read more on our technical analysis and fundamental analysis pages.
 2019 2020 2021 2022 (projected)
Accounts Payable4.16 B7.07 B6.36 B6.86 B
Receivables6.25 B9.7 B8.73 B9.42 B
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines that you should keep in mind when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase year after year due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt to equity ratio because this number will tell you how much risk it has. If a company such as Centene Corp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to try and figure out if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that net revenue of Centene grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only grown by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.

Centene Corp Thematic Clasifications

Centene Corp is part of several thematic ideas from Insurance 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
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Centene Corp January 18, 2022 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.
Downside Deviation1.72
Information Ratio0.1718
Maximum Drawdown10.9
Value At Risk(3.13)
Potential Upside4.73
Continue to Trending Equities. 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 Transaction History module to view history of all your transactions and understand their impact on performance.

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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.
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.