# Centene Fundamentals

CNC | - USA Stock | ## USD 82.38 0.61 0.75% |

Centene | Select Account or Indicator |

**B**, whereas Consolidated Income is forecasted to decline to about 1.1

**B**.

## Centene Net Income Analysis

Centene Corp's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.## Centene Corp Net Income | ## 1.11 Billion |

Net Income | = | (Rev + Gain) | - | (Exp + Loss) |

## Current Centene Corp Net Income | 1.35 B |

Most of Centene Corp's fundamental indicators, such as Net Income, 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 Net Income Historical Pattern

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 drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's net income growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Centene Corp net income as a starting point in their analysis. Centene Corp Net Income |

Timeline |

Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

Compare to competition |

## Centene Accumulated Other Comprehensive Income

## Accumulated Other Comprehensive Income | ## 64.21 Million |

Based on the recorded statements, Centene Corp reported net income of 1.35

**B**. This is 295.57% higher than that of the Healthcare sector and significantly higher than that of the Healthcare Plans industry. The net income for all United States stocks is 136.44% lower than that of the firm.## Centene Corp Fundamental Drivers 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 total asset category among related companies. It is rated

**second**in number of shares shorted category among related companies . The ratio of Total Asset to Number of Shares Shorted for Centene Corp is about 1,026 . 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 Current Valuation Drivers

We derive many important indicators used in calculating different scores of Centene Corp from analyzing Centene Corp's financial statements. These drivers represent accounts that assess Centene Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Centene Corp's important valuation drivers and their relationship over time.

2017 | 2018 | 2019 | 2020 | 2021 | 2022 (projected) | ||

Net Income Per Employee | 24.57 K | 19.03 K | 23.34 K | 25.29 K | 22.76 K | 20.13 K | |

Revenue Per Employee | 1.44 M | 1.27 M | 1.32 M | 1.55 M | 1.4 M | 1.27 M | |

Average Assets | 21.76 B | 28.99 B | 35.8 B | 67.97 B | 74.49 B | 80.37 B | |

Earnings Before Interest Taxes and Depreciation Amortization EBITDA | 1.77 B | 2.21 B | 2.85 B | 4.77 B | 3.96 B | 4.28 B | |

Earnings Before Interest Taxes and Depreciation Amortization USD | 1.77 B | 2.21 B | 2.85 B | 4.77 B | 3.96 B | 4.28 B | |

Earnings before Tax | 1.15 B | 1.37 B | 1.79 B | 2.79 B | 1.82 B | 1.58 B | |

Average Equity | 6.48 B | 9.92 B | 12.14 B | 25.03 B | 26.38 B | 28.46 B | |

Enterprise Value | 17.85 B | 23.21 B | 26.84 B | 39.43 B | 53.5 B | 57.72 B | |

Free Cash Flow | 1.07 B | 559 M | 753 M | 4.63 B | 3.29 B | 3.56 B | |

Invested Capital | 7 B | 11.02 B | 20.74 B | 26.07 B | 30.73 B | 33.16 B | |

Invested Capital Average | 6.58 B | 9.58 B | 14.49 B | 25.48 B | 28.98 B | 31.27 B | |

Market Capitalization | 17.41 B | 23.68 B | 26.02 B | 34.81 B | 48.08 B | 51.88 B | |

Tangible Asset Value | 15.71 B | 21.65 B | 32.07 B | 41.68 B | 50.78 B | 54.79 B | |

Working Capital | (629 M) | 27 M | 7.39 B | 1.81 B | 2.73 B | 2.95 B |

## Centene Fundamentals

Return On Equity | 5.04 % | |||

Return On Asset | 3.13 % | |||

Profit Margin | 1.14 % | |||

Operating Margin | 3.12 % | |||

Current Valuation | 56.89 B | |||

Shares Outstanding | 583.5 M | |||

Shares Owned by Insiders | 1.16 % | |||

Shares Owned by Institutions | 95.47 % | |||

Number of Shares Shorted | 7.15 M | |||

Price to Earning | 65.91 X | |||

Price to Book | 1.81 X | |||

Price to Sales | 0.41 X | |||

Revenue | 118.18 B | |||

Gross Profit | 19.57 B | |||

EBITDA | 5.16 B | |||

Net Income | 1.35 B | |||

Cash and Equivalents | 14.66 B | |||

Cash per Share | 25.15 X | |||

Total Debt | 22.66 B | |||

Debt to Equity | 0.84 % | |||

Current Ratio | 1.11 X | |||

Book Value Per Share | 45.36 X | |||

Cash Flow from Operations | 4.2 B | |||

Short Ratio | 2.29 X | |||

Earnings Per Share | 1.25 X | |||

Price to Earnings To Growth | 1.47 X | |||

Number of Employees | 72.5 K | |||

Beta | 0.52 | |||

Market Capitalization | 48.03 B | |||

Total Asset | 7.34 B | |||

Retained Earnings | 5.38 B | |||

Working Capital | (24 M) | |||

Current Asset | 3.6 B | |||

Current Liabilities | 3.63 B | |||

Z Score | 17.18 |

## 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.Last Reported | Projected for 2022 | |

Deferred Revenue | 434 M | 373.7 M |

Cost of Revenue | 111.8 B | 120.6 B |

Revenues | 126 B | 135.9 B |

Revenue to Assets | 1.86 | 2.37 |

Revenue Per Employee | 1.4 M | 1.3 M |

## Be your own money manager

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.## Did you try this?

### Run Earnings Calls Now

## Earnings CallsCheck upcoming earnings announcements updated hourly across public exchanges |

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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.Continue to Centene Corp Piotroski F Score and Centene Corp Altman Z Score analysis. 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

## Complementary Tools for Centene Stock analysis

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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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.