Centene Z Score

CNC -  USA Stock  

USD 84.41  2.52  3.08%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Continue to Centene Corp Piotroski F Score and Centene Corp Valuation analysis.
  
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Centene Corp Return on Invested Capital is projected to slightly decrease based on the last few years of reporting. The past year's Return on Invested Capital was at 0.09. The current year Invested Capital is expected to grow to about 33.2 B, whereas Capital Expenditure is forecasted to decline to (933.9 M). 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 80.61 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.

Centene Z Score Analysis

Centene Corp's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 2022 (projected)
Interest Expense412 M728 M665 M717.5 M
Gross Profit8.84 B15.22 B14.2 B15.32 B
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Centene Corp Z Score

    
  17.18  
Most of Centene Corp's fundamental indicators, such as Z Score, 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.
First Factor
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1.2 * (
Working Capital
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Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
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Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
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Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
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Total Assets )

Centene Z Score 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 Z Score. 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.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Centene Corp has a Z Score of 17.18. This is 154.52% higher than that of the Healthcare sector and significantly higher than that of the Healthcare Plans industry. The z score for all United States stocks is 97.02% lower than that of the firm.

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 K22.76 K20.13 K
Revenue Per Employee1.44 M1.27 M1.32 M1.55 M1.4 M1.27 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 Institutional Holders

Institutional Holdings refers to the ownership stake in Centene Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Centene Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Centene Corp's value.
Security TypeSharesValue
Vanguard Group IncCommon Shares63.6 M5.4 B
Capital World InvestorsCommon Shares50.5 M4.3 B
Blackrock IncCommon Shares41.8 M3.5 B
Fmr LlcCommon Shares34.3 M2.9 B
Price T Rowe Associates IncCommon Shares30.4 M2.6 B
Jpmorgan Chase CoCommon Shares26.7 M2.2 B
State Street CorpCommon Shares24.2 MB

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.
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.

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 Valuation 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 Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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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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.