Centene Price to Sales

CNC
 Stock
  

USD 84.75  1.46  1.69%   

Centene Corp fundamentals help investors to digest information that contributes to Centene Corp's financial success or failures. It also enables traders to predict the movement of Centene Stock. The fundamental analysis module provides a way to measure Centene Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Centene Corp stock. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
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The current year Price to Sales Ratio is expected to grow to 0.39.

Centene Price to Sales Analysis

Centene Corp's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
 2019 2020 2021 2022 (projected)
Interest Expense412 M728 M665 M717.5 M
Gross Profit8.84 B15.22 B14.2 B15.32 B
P/S 
 = 
MV Per Share 
Revenue Per Share 
More About Price to Sales | All Equity Analysis

Current Centene Corp Price to Sales

    
  0.40 X  
Most of Centene Corp's fundamental indicators, such as Price to Sales, 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 Price to Sales Driver Correlations

Understanding the fundamental principles of building solid financial models for Centene Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Price to Sales. Since Centene Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Centene Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Centene Corp's interrelated accounts and indicators.

Centene Price to Sales 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 price to sales 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 price to sales as a starting point in their analysis.
 Centene Corp Price to Sales 
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      Timeline 
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Compare to competition

Centene Price to Sales Ratio

Price to Sales Ratio

0.39

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Centene Corp Price to Sales Ratio is projected to increase slightly based on the last few years of reporting. The past year's Price to Sales Ratio was at 0.38
Based on the latest financial disclosure, the price to sales indicator of Centene Corp is roughly 0.4 times. This is 98.13% lower than that of the Healthcare sector and significantly higher than that of the Healthcare Plans industry. The price to sales for all United States stocks is 96.5% higher than that of the company.

Centene Price to Sales Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Centene Corp's direct or indirect competition against its Price to Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Centene Corp could also be used in its relative valuation, which is a method of valuing Centene Corp by comparing valuation metrics of similar companies.
Centene Corp is currently under evaluation in price to sales category among related companies.

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.
201720182019202020212022 (projected)
Net Income Per Employee24.57 K19.03 K23.34 K25.29 K18.58 K17.9 K
Revenue Per Employee1.44 M1.27 M1.32 M1.55 M1.74 M1.47 M
Average Assets21.76 B28.99 B35.8 B67.97 B74.49 B80.37 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.77 B2.21 B2.85 B4.77 B3.96 B4.28 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.77 B2.21 B2.85 B4.77 B3.96 B4.28 B
Earnings before Tax1.15 B1.37 B1.79 B2.79 B1.82 B1.58 B
Average Equity6.48 B9.92 B12.14 B25.03 B26.38 B28.46 B
Enterprise Value17.85 B23.21 B26.84 B39.43 B53.5 B57.72 B
Free Cash Flow1.07 B559 M753 M4.63 B3.29 B3.56 B
Invested Capital7 B11.02 B20.74 B26.07 B30.73 B33.16 B
Invested Capital Average6.58 B9.58 B14.49 B25.48 B28.98 B31.27 B
Market Capitalization17.41 B23.68 B26.02 B34.81 B48.08 B51.88 B
Tangible Asset Value15.71 B21.65 B32.07 B41.68 B50.78 B54.79 B
Working Capital(629 M)27 M7.39 B1.81 B2.73 B2.95 B

Centene Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Centene Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Centene Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Centene Fundamentals

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 ReportedProjected for 2022
Price to Sales Ratio 0.38  0.39 
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State childrens health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and X-ray, home-based primary care, transportation assistance, vision care, dental care, telehealth, immunization, specialty pharmacy, therapy, social work, nurse advisory, and care coordination services, as well as prescriptions and limited over-the-counter drugs, medical equipment, and behavioral health and abuse services. This segment also offers various individual, small group, and large group commercial healthcare products to employers and directly to members. The companys Specialty Services segment provides pharmacy benefits management services nurse advice line and after-hours support services vision and dental services, as well as staffing services to correctional systems and other government agencies and services to Military Health System eligible beneficiaries. This segment offers its services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.

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.

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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 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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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
50.4 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.