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CNC

85.79USD-0.02(-0.02%)Market Closed

Centene Corp

Market Summary

USD85.79-0.02Market Closed
-0.02%

CNC Stock Price

RSI Chart

Valuation

Market Cap

48.9B

Price/Earnings

24.29

Price/Sales

0.35

Price/Cashflow

5.75

MarketCap/EBT

18.71

Price/Sales

Profitability

EBT Margin

1.85%

Return on Equity

7.89%

Return on Assets

2.48%

Fundamentals

Revenue

Revenue (TTM)

141.6B

Revenue Y/Y

10.67%

Revenue Q/Q

-0.2%

Earnings

Earnings (TTM)

2.0B

Earnings Y/Y

26.37%

Earnings Q/Q

529.07%

Price Action

52 Week Range

70.3198.53
(Low)(High)

Last 7 days

1.1%

Last 30 days

0.9%

Last 90 days

-4.7%

Trailing 12 Months

20.1%

Financial Health

Current Ratio

1.06

Debt/Equity

0.72

Debt/Cashflow

0.37

Investor Care

Buy Backs (1Y)

2.30%

Diluted EPS (TTM)

3.43

Peers (Alternatives to Centene)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
515.6B
315.1B
-1.34% 21.77%
28.25
1.68
12.82% 25.96%
99.1B
179.5B
1.98% 67.77%
17.89
0.55
7.61% -32.36%
70.2B
91.5B
-2.29% 30.39%
22.34
0.79
12.84% 5.01%
48.9B
141.6B
0.86% 20.12%
24.29
0.35
16.31% 173.64%
MID-CAP
6.5B
795.1M
-14.60% 15.68%
-103.91
8.12
7.32% -8695.99%
5.5B
5.5B
1.72% 10.13%
11.91
1.05
68.51% 117.01%
5.2B
2.3B
-2.62% 40.74%
54.18
2.25
7.63% -28.34%
2.8B
669.9M
-2.16% -21.53%
42.62
4.21
16.37% 20.70%
2.6B
6.4B
11.92% 1.93%
13.33
0.4
0.12% 24.84%
SMALL-CAP
1.7B
928.7M
4.41% 26.82%
38.16
1.87
11.11% 9.39%
1.6B
500.7M
0.59% 17.88%
18.77
3.24
-11.66% 1451.89%
1.1B
1.4B
13.21% -28.42%
47.05
0.81
6.94% -77.50%
849.9M
2.8B
-20.85% -44.15%
-9.25
0.32
-6.67% -377.23%

Financials for Centene

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.5%141,554138,095133,184125,982121,702
  S&GA Expenses1.5%11,23311,07110,54410,16610,045
Earnings Before Taxes12.4%2,6152,3262,0201,8131,045
Net Income8.3%2,0141,8601,4971,347736
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.1%81,17281,06082,90178,37577,743
  Current Assets2.7%33,27532,40631,11028,49728,056
    Cash Equivalents11.6%14,98713,43511,23713,11813,423
  Net PPE-3.1%2,4792,5573,5833,3913,302
  Goodwill-1.3%20,04020,31020,90319,77119,699
Liabilities2.0%55,57254,49755,47151,35351,069
  Current Liabilities7.7%31,33029,08629,68525,76525,042
  Long Term Debt-19,026----
    LT Debt, Current-17.0%249300292267245
    LT Debt, Non Current-2.0%18,08418,45618,64018,57118,594
Shareholder's Equity-2.9%25,53426,28927,16926,79526,466
  Retained Earnings8.4%9,5548,8168,9888,1397,540
  Additional Paid-In Capital0.3%19,89919,83019,67219,594-
Accumulated Depreciation0.3%2,0602,0531,900--
Shares Outstanding-1.9%570581585582584
Minority Interest10.6%156141144145124
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations21.9%8,5126,9825,3134,2056,511
  Share Based Compensation4.5%256245222203190
Cashflow From Investing20.4%-3,999.00-5,024.00-5,093.00-3,299.00-6,697.00
Cashflow From Financing-736.8%-2,700.004249371,3621,474
  Buy Backs179.4%1,911684339297105

Risks

What is the probability of a big loss on CNC?

51.1%


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

16.9%


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.

Returns

Cumulative Returns on CNC

22.4%


10-Year Cumulative Returns

16.6%


7-Year Cumulative Returns

11.2%


5-Year Cumulative Returns

12.6%


3-Year Cumulative Returns

What are the long-term rolling returns for CNC?

FIve years rolling returns for Centene.

Which funds bought or sold CNC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-554
3,000
-%
2022-11-23
Toroso Investments, LLC
ADDED
156.44
840,000
1,458,000
0.06%
2022-11-23
Repertoire Partners LP
REDUCED
-75
-26,000
8,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
4,176,000
4,176,000
0.05%
2022-11-22
CVA Family Office, LLC
REDUCED
-12.9
-18,000
74,000
0.02%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
47.32
109,000
417,000
0.01%
2022-11-22
IHT Wealth Management, LLC
ADDED
57.41
101,000
326,000
0.03%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.39
-7,792,000
75,869,000
0.13%
2022-11-21
FourThought Financial, LLC
REDUCED
-6.56
-6,000
35,000
-%
2022-11-21
Ninepoint Partners LP
SOLD OFF
-100
-422,000
-
-%

1–10 of 46

Latest Funds Activity

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

Centene News

MarketWatch

Laboratory Corp. of America Holdings stock outperforms competitors despite losses on the day.26 hours ago

CNC Fair Value

Recent SEC filings of Centene

View All Filings
Date Filed Form Type Document
Nov 29, 2022
4
Insider Trading
Nov 21, 2022
3
Insider Trading
Nov 16, 2022
8-K
Current Report
Nov 15, 2022
4
Insider Trading
Nov 01, 2022
4
Insider Trading
Oct 25, 2022
8-K
Current Report
Oct 25, 2022
10-Q
Quarterly Report
Oct 18, 2022
4
Insider Trading
Oct 07, 2022
3
Insider Trading
Oct 04, 2022
3
Insider Trading

Latest Insider Trading transactions for CNC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-09-14
LONDON SARAH
SOLD (Taxes)
-345,265
90.03
-3,835
Chief Executive Officer
2022-08-16
BAGLEY SHANNON
SOLD (Taxes)
-144,761
97.22
-1,489
EVP, Chief Admin. Officer
2022-07-29
BAGLEY SHANNON
SOLD
-829,890
92.21
-9,000
EVP, Chief Admin. Officer
2022-07-28
Robinson Lori Jean
SOLD
-111,324
92.77
-1,200
-
2022-07-16
TONEY COLIN A
SOLD (Taxes)
-182,099
89.66
-2,031
EVP, Mergers & Acquisitions
2022-07-08
GEPHARDT Richard A
SOLD
-394,240
88
-4,480
-
2022-06-30
Samuels Theodore R. II
ACQUIRED
-
-
376.234
-
2022-06-30
BAGLEY SHANNON
SOLD (Taxes)
-101,164
84.94
-1,191
EVP, Chief Admin. Officer
2022-06-30
TRUBECK WILLIAM L
ACQUIRED
-
-
466.53
-
2022-06-30
EPPINGER FREDERICK H
ACQUIRED
-
-
421.382
-

1–10 of 50

CNC Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Premium and service revenues$ 33,726$ 30,514$ 101,926$ 87,490
Premium tax2,1391,8927,0605,924
Total revenues35,86532,406108,98693,414
Expenses:    
Medical costs28,11125,43083,26173,210
Cost of services1,5711,3555,6583,510
Selling, general and administrative expenses2,8462,5378,3916,910
Depreciation expense150147470414
Amortization of acquired intangible assets211198609581
Premium tax expense2,2111,9657,2586,129
Impairment2892291,739229
Legal settlement0001,250
Total operating expenses35,38931,861107,38692,233
Earnings from operations4765451,6001,181
Other income (expense):    
Investment and other income692424786566
Debt extinguishment10(79)26(125)
Interest expense(169)(170)(491)(503)
Earnings before income tax1,0097201,9211,119
Income tax expense269139500376
Net earnings7405811,421743
(Earnings) loss attributable to noncontrolling interests(2)3(6)5
Net earnings attributable to Centene Corporation$ 738$ 584$ 1,415$ 748
Net earnings per common share attributable to Centene Corporation:    
Basic earnings per common share (in dollars per share)$ 1.29$ 1.00$ 2.44$ 1.28
Diluted earnings per common share (in dollars per share)$ 1.27$ 0.99$ 2.41$ 1.27
Weighted average number of common shares outstanding:    
Basic (in shares)573,961583,244580,277582,636
Diluted (in shares)580,607590,702587,084590,154
Premium    
Revenues:    
Premium and service revenues$ 31,848$ 28,876$ 95,247$ 83,436
Service    
Revenues:    
Premium and service revenues$ 1,878$ 1,638$ 6,679$ 4,054

CNC Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 14,987$ 13,118
Premium and trade receivables13,77012,238
Short-term investments2,1911,539
Other current assets2,3271,602
Total current assets33,27528,497
Long-term investments14,05314,043
Restricted deposits1,2051,068
Property, software and equipment, net2,4793,391
Goodwill20,04019,771
Intangible assets, net7,5237,824
Other long-term assets2,5973,781
Total assets81,17278,375
Current liabilities:  
Medical claims liability16,46514,243
Accounts payable and accrued expenses9,9958,493
Return of premium payable2,2052,328
Unearned revenue2,416434
Current portion of long-term debt249267
Total current liabilities31,33025,765
Long-term debt18,08418,571
Deferred tax liability4801,407
Other long-term liabilities5,6785,610
Total liabilities55,57251,353
Commitments and contingencies
Redeemable noncontrolling interests6682
Stockholders’ equity:  
Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at September 30, 2022 and December 31, 202100
Common stock, $0.001 par value; authorized 800,000 shares; 606,931 issued and 570,091 outstanding at September 30, 2022, and 602,704 issued and 582,479 outstanding at December 31, 202111
Additional paid-in capital19,77419,672
Accumulated other comprehensive earnings(1,394)77
Retained earnings9,5548,139
Treasury stock, at cost (36,840 and 20,225 shares, respectively)(2,557)(1,094)
Total Centene stockholders’ equity25,37826,795
Nonredeemable noncontrolling interest156145
Total stockholders’ equity25,53426,940
Total liabilities, redeemable noncontrolling interests and stockholders’ equity$ 81,172$ 78,375