Centene Z Score
CNC   USA Stock  USD 84.41 2.52 3.08% 
Centene  Z Score 
Centene Z Score Analysis
Centene Corp's ZScore is a simple linear, multifactor 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 Expense  412 M  728 M  665 M  717.5 M 
Gross Profit  8.84 B  15.22 B  14.2 B  15.32 B 
Z Score  =  Sum Of   5 Factors 
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.
 
 
 
 

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.
Click cells to compare fundamentals
To calculate ZScore 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. ZScore 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 ZScores 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 socalled '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.
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 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 highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Centene Corp's value.Security Type  Shares  Value  
Vanguard Group Inc  Common Shares  63.6 M  5.4 B  
Capital World Investors  Common Shares  50.5 M  4.3 B  
Blackrock Inc  Common Shares  41.8 M  3.5 B  
Fmr Llc  Common Shares  34.3 M  2.9 B  
Price T Rowe Associates Inc  Common Shares  30.4 M  2.6 B  
Jpmorgan Chase Co  Common Shares  26.7 M  2.2 B  
State Street Corp  Common Shares  24.2 M  2 B 
Centene Fundamentals
Return On Equity  5.53 %  
Return On Asset  3.12 %  
Profit Margin  1.21 %  
Operating Margin  3.08 %  
Current Valuation  57.14 B  
Shares Outstanding  583.5 M  
Shares Owned by Insiders  0.94 %  
Shares Owned by Institutions  95.82 %  
Number of Shares Shorted  7.26 M  
Price to Earning  67.58 X  
Price to Book  1.86 X  
Price to Sales  0.40 X  
Revenue  124.24 B  
Gross Profit  19.57 B  
EBITDA  5.33 B  
Net Income  1.5 B  
Cash and Equivalents  12.9 B  
Cash per Share  22.06 X  
Total Debt  22.67 B  
Debt to Equity  0.83 %  
Current Ratio  1.05 X  
Book Value Per Share  45.36 X  
Cash Flow from Operations  5.31 B  
Short Ratio  2.86 X  
Earnings Per Share  1.25 X  
Price to Earnings To Growth  1.37 X  
Number of Employees  72.5 K  
Beta  0.51  
Market Capitalization  49.25 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.Centene Corporation operates as a multinational healthcare enterprise that provides programs and services to underinsured 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.riskadjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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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 Taxloss Harvesting
The ability to find closely correlated positions to Centene Corp could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough 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 riskadjusted return on your portfolios.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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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.