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Centene Corp Stock Research

CNC

63.19USD-0.35(-0.55%)Market Closed

Market Summary

USD63.19-0.35
Market Closed
-0.55%

CNC Alerts

CNC Stock Price

CNC RSI Chart

CNC Valuation

Market Cap

34.8B

Price/Earnings (Trailing)

28.95

Price/Sales (Trailing)

0.24

EV/EBITDA

5.44

Price/Free Cashflow

6.62

CNC Price/Sales (Trailing)

CNC Profitability

EBT Margin

1.36%

Return on Equity

5%

Return on Assets

1.56%

Free Cashflow Yield

15.11%

CNC Fundamentals

CNC Revenue

Revenue (TTM)

144.5B

Revenue Y/Y

9.19%

Revenue Q/Q

-0.85%

CNC Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-135.56%

Earnings Q/Q

-128.86%

Price Action

52 Week Range

62.3898.53
(Low)(High)

Last 7 days

-5.0%

Last 30 days

-13.0%

Last 90 days

-20.9%

Trailing 12 Months

-25.8%

CNC Financial Health

Current Ratio

1.06

Debt/Equity

0.72

Debt/Cashflow

0.37

CNC Investor Care

Buy Backs (1Y)

5.45%

Diluted EPS (TTM)

2.07

Peers (Alternatives to Centene)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
440.9B
324.2B
-6.04% -5.61%
21.91
1.36
12.71% 16.40%
91.1B
180.5B
-9.45% 16.50%
13.64
1.92
3.70% 24.58%
62.6B
92.9B
-3.60% 10.39%
22.31
0.67
11.81% -4.33%
34.8B
144.5B
-13.05% -25.78%
28.95
0.24
14.74% -10.76%
MID-CAP
5.2B
2.3B
3.17% 35.63%
86.23
2.28
2.85% -58.05%
5.0B
831.2M
-11.67% 3.11%
-84.99
6.01
12.11% -862.52%
3.6B
5.2B
-10.88% -15.90%
8.03
0.68
31.60% 35.63%
3.2B
704.5M
-0.70% 13.53%
47.24
4.55
13.56% 10.15%
2.5B
6.4B
-14.06% -14.67%
12.88
0.39
-0.52% 17.01%
SMALL-CAP
1.6B
-
0.59% 17.88%
18.77
3.24
- -
1.6B
951.1M
-7.28% 30.41%
34.53
1.67
10.02% 1.99%
1.3B
1.4B
12.22% 10.36%
120.12
0.89
8.74% -56.93%
524.3M
2.8B
-3.12% -59.80%
-2.2
0.19
2.43% -140.13%

Financials for Centene

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.1%144,547141,554138,095133,184125,982
  S&GA Expenses4.6%11,58911,08210,77310,1129,601
Costs and Expenses2.8%143,229139,351135,823131,201124,198
EBITDA-3.9%4,1804,3504,0593,958-
EBITDA Margin-5.9%0.03*0.03*0.03*0.03*-
Earnings Before Taxes-25.0%1,9622,6152,3262,0201,813
EBT Margin-26.5%0.01*0.02*0.02*0.02*-
Interest Expenses1.8%665653654655665
Net Income-40.3%1,2022,0141,8601,4971,347
Net Income Margin-41.6%0.01*0.01*0.01*0.01*-
Free Cahsflow-29.8%5,2577,4935,9854,348-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-5.3%76,87081,17281,06082,90178,375
  Current Assets-9.5%30,12833,27532,40631,11028,497
    Cash Equivalents-19.4%12,07414,98713,43511,23713,118
  Net PPE-1.9%2,4322,4792,5573,5833,391
  Goodwill-6.1%18,81220,04020,31020,90319,771
Liabilities-5.3%52,63355,57254,49755,47151,353
  Current Liabilities-9.1%28,46431,33029,08629,68525,765
  Long Term Debt-19,026----
    LT Debt, Current-67.1%82.00249300292267
    LT Debt, Non Current-0.8%17,93818,08418,45618,64018,571
Shareholder's Equity-5.2%24,05725,37826,43027,31326,795
  Retained Earnings-2.2%9,3419,5548,8168,9888,139
  Additional Paid-In Capital1.4%20,06019,77419,89919,83019,672
Shares Outstanding-3.4%551570581585582
Minority Interest-20.5%124156141144145
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-26.4%6,2618,5126,9825,3134,205
  Share Based Compensation-8.6%234256245222203
Cashflow From Investing27.0%-2,921-3,999-5,024-5,093-3,299
Cashflow From Financing-55.4%-4,197-2,7004249371,362
  Buy Backs62.0%3,0961,911684339297

Risks for CNC

What is the probability of a big loss on CNC?

56.9%


Probability that Centene stock will be more than 20% underwater in next one year

17.7%


Probability that Centene stock will be more than 30% underwater in next one year.

0%


Probability that Centene stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CNC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Centene was unfortunately bought at previous high price.

Drawdowns

Returns for CNC

Cumulative Returns on CNC

18.7%


10-Year Cumulative Returns

11.8%


7-Year Cumulative Returns

3.8%


5-Year Cumulative Returns

0.0%


3-Year Cumulative Returns

What are the long-term rolling returns for CNC?

FIve years rolling returns for Centene.

Annualized Returns

Which funds bought or sold CNC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
2.2
32,087
449,087
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
1.37
8,920,250
139,262,000
0.15%
2023-03-10
MATHER GROUP, LLC.
added
5.35
83,021
832,021
0.02%
2023-03-07
Great Lakes Retirement, Inc.
new
-
475,592
475,592
0.12%
2023-03-06
Aldebaran Financial Inc.
reduced
-5.05
-25,593
1,188,410
1.28%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-38.2
-48,627,000
90,830,000
0.46%
2023-03-03
TIAA, FSB
reduced
-13.26
-44,816
479,184
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-49.43
-6,701
7,299
-%
2023-02-28
Voya Investment Management LLC
reduced
-7.91
-963,960
31,815,000
0.04%
2023-02-24
NATIXIS
reduced
-12.8
-618,037
6,400,960
0.04%

1–10 of 43

Latest Funds Activity

Are funds buying CNC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CNC
No. of Funds

Centene News

MarketBeat

Sarah London Acquires 30000 Shares of Centene Co. (NYSE:CNC ....

MarketBeat,
34 hours ago

St Louis Business Journal

Yahoo Finance

Nasdaq

StockNews.com

Schedule 13G FIlings of Centene

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital world investors
8.8%
49,809,061
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
11.52%
65,260,984
SC 13G/A
Jan 31, 2023
blackrock inc.
7.2%
40,669,044
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
4.9%
28,709,382
SC 13G/A
Feb 11, 2022
capital world investors
8.0%
46,851,859
SC 13G/A
Feb 09, 2022
vanguard group inc
10.71%
62,485,541
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 03, 2022
blackrock inc.
7.1%
41,158,173
SC 13G/A
Feb 16, 2021
capital world investors
6.5%
37,874,670
SC 13G/A

CNC Fair Value

Centene fair value in different scenarios

The table shows the Fair Value estimates for Centene for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

115.05

82.07%

160.16

153.46%

232.02

267.18%

367.66

481.83%

519.30

721.81%
Current Inflation

104.74

65.75%

143.10

126.46%

203.46

221.98%

318.19

403.54%

446.78

607.04%
Very High Inflation

92.15

45.83%

122.74

94.24%

170.11

169.20%

261.23

313.40%

363.80

475.72%

Historical Centene Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Centene

View All Filings
Date Filed Form Type Document
Mar 14, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Feb 21, 2023
10-K
Annual Report
Feb 21, 2023
4
Insider Trading
Feb 14, 2023
5
Insider Trading
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
4
Insider Trading
Feb 09, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for CNC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-02
Asher Andrew Lynn
sold (taxes)
-152,572
68.51
-2,227
evp, cfo
2023-02-28
LONDON SARAH
sold (taxes)
-176,837
70.09
-2,523
chief executive officer
2023-02-10
Asher Andrew Lynn
bought
273,486
71.97
3,800
evp, cfo
2023-02-09
Asher Andrew Lynn
bought
215,670
71.89
3,000
evp, cfo
2023-02-08
Samuels Theodore R. II
bought
503,160
71.88
7,000
-
2023-02-08
MURRAY JAMES E
bought
494,775
73.3
6,750
evp, chief operating officer
2023-02-07
Burdick Kenneth A
acquired
-
-
1,901
-
2023-02-07
Asher Andrew Lynn
acquired
-
-
611
evp, cfo
2023-02-07
Asher Andrew Lynn
sold (taxes)
-730,480
71.01
-10,287
evp, cfo
2023-02-07
KOSTER CHRISTOPHER
acquired
-
-
324
evp, secr. & general counsel

1–10 of 50

About Centene

CNC Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Revenues$ 135,479$ 117,983$ 103,800
Premium tax and health insurer fee9,0687,9997,315
Total revenues144,547125,982111,115
Expenses:   
Medical costs111,52998,60286,264
Cost of services7,0324,8943,303
Selling, general and administrative expenses11,5899,6019,380
Depreciation expense614565487
Amortization of acquired intangible assets817770719
Premium tax expense9,3308,2876,332
Health insurer fee expense001,476
Impairment2,31822972
Legal settlement01,2500
Total operating expenses143,229124,198108,033
Earnings from operations1,3181,7843,082
Other income (expense):   
Investment and other income1,279819480
Debt extinguishment30(125)(61)
Interest expense(665)(665)(728)
Earnings before income tax1,9621,8132,773
Income tax expense760477979
Net earnings1,2021,3361,794
Loss attributable to noncontrolling interests01114
Net earnings attributable to Centene Corporation$ 1,202$ 1,347$ 1,808
Net earnings per common share attributable to Centene Corporation:   
Basic earnings per common share (in usd per share)$ 2.09$ 2.31$ 3.17
Diluted earnings per common share (in usd per share)$ 2.07$ 2.28$ 3.12
Weighted average number of common shares outstanding:   
Basic (in shares)575,191582,832570,722
Diluted (in shares)582,040590,516579,135
Premium   
Revenues:   
Revenues$ 127,131$ 112,319$ 100,055
Service   
Revenues:   
Revenues$ 8,348$ 5,664$ 3,745

CNC Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 12,074$ 13,118
Premium and trade receivables13,27212,238
Short-term investments2,3211,539
Other current assets2,4611,602
Total current assets30,12828,497
Long-term investments14,68414,043
Restricted deposits1,2171,068
Property, software and equipment, net2,4323,391
Goodwill18,81219,771
Intangible assets, net6,9117,824
Other long-term assets2,6863,781
Total assets76,87078,375
Current liabilities:  
Medical claims liability16,74514,243
Accounts payable and accrued expenses9,5258,493
Return of premium payable1,6342,328
Unearned revenue478434
Current portion of long-term debt82267
Total current liabilities28,46425,765
Long-term debt17,93818,571
Deferred tax liability6151,407
Other long-term liabilities5,6165,610
Total liabilities52,63351,353
Commitments and contingencies
Redeemable noncontrolling interests5682
Stockholders' equity:  
Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at December 31, 2022 and December 31, 202100
Common stock, $0.001 par value; authorized 800,000 shares; 607,847 issued and 550,754 outstanding at December 31, 2022, and 602,704 issued and 582,479 outstanding at December 31, 202111
Additional paid-in capital20,06019,672
Accumulated other comprehensive earnings (loss)(1,132)77
Retained earnings9,3418,139
Treasury stock, at cost (57,093 and 20,225 shares, respectively)(4,213)(1,094)
Total Centene stockholders' equity24,05726,795
Nonredeemable noncontrolling interest124145
Total stockholders' equity24,18126,940
Total liabilities, redeemable noncontrolling interests and stockholders' equity$ 76,870$ 78,375