CNC - Centene Stock

Market Summary

USD69.69+1.61

Delayedas of 21 Sep 2023, 10:16 am

2.36%

CNC Alerts

Big jump in Earnings (Y/Y)

CNC Stock Price

CNC RSI Chart

CNC Valuation

Market Cap

37.2B

Price/Earnings (Trailing)

13.7

Price/Sales (Trailing)

0.25

EV/EBITDA

3.59

Price/Free Cashflow

4.86

CNC Price/Sales (Trailing)

CNC Profitability

EBT Margin

1.51%

Return on Equity

5.92%

Return on Assets

1.79%

Free Cashflow Yield

20.58%

CNC Fundamentals

CNC Revenue

Revenue (TTM)

147.9B

Revenue Y/Y

4.65%

Revenue Q/Q

-3.29%

CNC Earnings

Earnings (TTM)

2.7B

Earnings Y/Y

715.12%

Earnings Q/Q

-6.37%

Price Action

52 Week Range

60.8387.84

(Low)(High)

Last 7 days

-0.4%

Last 30 days

6.7%

Last 90 days

1.9%

Trailing 12 Months

-18.4%

CNC Financial Health

Current Ratio

1.07

CNC Investor Care

Buy Backs (1Y)

6.45%

Diluted EPS (TTM)

4.89

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for CNC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-09-14	LONDON SARAH	sold (taxes)	-260,034	68.34	-3,805	chief executive officer
2023-06-30	Samuels Theodore R. II	acquired	-	-	468	-
2023-06-30	COUGHLIN CHRISTOPHER J	acquired	-	-	543	-
2023-06-30	DeVeydt Wayne S	acquired	-	-	581	-
2023-06-30	EPPINGER FREDERICK H	acquired	-	-	468	-
2023-06-30	Burdick Kenneth A	acquired	-	-	524	-
2023-06-23	KOSTER CHRISTOPHER	sold (taxes)	-133,199	66.8	-1,994	evp, secr. & general counsel
2023-06-23	LONDON SARAH	sold (taxes)	-133,199	66.8	-1,994	chief executive officer
2023-05-10	FORD MONTE E	acquired	-	-	2,947	-
2023-05-10	Dallas H James	acquired	-	-	2,947	-

Which funds bought or sold CNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-18	WASHINGTON CAPITAL MANAGEMENT, INC	new	-	569,278	569,278	0.48%
2023-09-13	CGC Financial Services, LLC	new	-	5,531	5,531	-%
2023-09-12	Farther Finance Advisors, LLC	added	20.69	6,332	28,329	0.01%
2023-09-12	DAVIDSON KEMPNER CAPITAL MANAGEMENT LP	reduced	-17.12	-2,106,010	16,109,200	0.42%
2023-09-07	ST GERMAIN D J CO INC	new	-	25,631	25,631	-%
2023-09-05	Delos Wealth Advisors, LLC	unchanged	-	84.00	1,349	-%
2023-09-01	Portside Wealth Group, LLC	new	-	850,140	850,140	0.16%
2023-08-28	DT Investment Partners, LLC	unchanged	-	-521	59,033	0.01%
2023-08-24	ProVise Management Group, LLC	added	31.1	99,328	348,312	0.03%
2023-08-24	Alberta Investment Management Corp	added	73.25	19,108,000	41,623,400	0.40%

Latest Funds Activity

Are funds buying CNC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CNC

No. of Funds

CNC Alerts

Big jump in Earnings (Y/Y)

Schedule 13G FIlings of Centene

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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

Recent SEC filings of Centene

View All Filings

Date Filed	Form Type	Document
Sep 18, 2023	4	Insider Trading
Sep 06, 2023	8-K	Current Report
Jul 28, 2023	8-K	Current Report
Jul 28, 2023	10-Q	Quarterly Report
Jul 05, 2023	4	Insider Trading
Jul 05, 2023	4	Insider Trading
Jul 05, 2023	4	Insider Trading
Jul 05, 2023	4	Insider Trading
Jul 05, 2023	4	Insider Trading
Jun 27, 2023	4	Insider Trading

Peers (Alternatives to Centene)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNH	456.2B	348.5B	-1.12%	-5.24%	21.61	1.31	13.69%	15.63%
CI	91.1B	186.1B	2.16%	0.51%	13.64	1.92	3.72%	22.38%
HUM	65.7B	98.7B	-1.33%	-3.60%	23.41	0.71	10.45%	7.48%
CNC	37.2B	147.9B	6.66%	-18.38%	13.7	0.25	7.12%	45.86%
MID-CAP
HQY	6.1B	937.9M	1.65%	-0.24%	473.75	6.48	17.97%	120.64%
LHCG	5.2B	2.3B	3.17%	35.63%	86.23	2.28	2.85%	-58.05%
CRVL	3.4B	732.5M	-9.20%	33.23%	48.96	4.64	9.34%	4.86%
AMN	3.2B	4.4B	-5.70%	-21.20%	10.02	0.73	-16.06%	-30.43%
PDCO	2.8B	6.5B	-13.85%	14.48%	13.14	0.43	1.83%	10.70%
SMALL-CAP
RDNT	1.9B	1.5B	-8.12%	43.46%	-147.16	1.24	12.20%	-155.34%
ADUS	1.4B	999.1M	-7.68%	-7.58%	25.63	1.38	10.42%	21.37%
BKD	809.4M	3.0B	6.17%	-17.94%	-7.85	0.27	11.66%	-12.20%

Centene News

Returns for CNC

Cumulative Returns on CNC

16.6%

10-Year Cumulative Returns

10.4%

7-Year Cumulative Returns

-0.9%

5-Year Cumulative Returns

3.7%

3-Year Cumulative Returns

Risks for CNC

What is the probability of a big loss on CNC?

67.3%

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

26.9%

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.

Drawdowns

Financials for Centene

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	1.1%	147,923	146,251	144,547	141,554	138,095	133,184	125,982	121,702	118,386	115,073	111,115	101,690	91,576	82,220	74,639	72,335	69,541	65,366	60,116	56,363	52,079
Costs and Expenses	0.3%	145,340	144,968	143,229	139,351	135,823	131,201	124,198	120,506	116,874	111,125	108,033	98,346	88,917	80,936	72,858	70,443	67,784	63,763	58,658	55,112	50,529
S&GA Expenses	1.8%	12,071	11,855	11,589	11,082	10,773	10,112	9,601	9,144	9,114	9,230	9,380	8,879	7,989	7,308	6,533	6,356	6,673	6,336	6,043	5,747	4,843
EBITDA	-100.0%	-	3,925	4,180	4,350	4,059	3,958	3,954	2,944	2,927	5,633	4,760	4,855	4,037	2,497	2,837	2,892	2,716	-	-	-	-
EBITDA Margin	-100.0%	-	0.03*	0.03*	0.03*	0.03*	0.03*	0.03*	0.02*	0.02*	0.05*	0.04*	0.05*	0.04*	0.03*	0.04*	0.04*	0.04*	-	-	-	-
Interest Expenses	2.8%	704	685	665	653	654	655	665	680	694	718	728	664	579	493	412	397	395	374	343	311	279
Earnings Before Taxes	74.9%	3,856	2,205	1,962	2,615	2,326	2,020	1,813	1,045	1,097	3,583	2,773	3,107	2,510	1,228	1,782	1,879	1,728	1,540	1,368	1,179	1,481
EBT Margin	-100.0%	-	0.02*	0.01*	0.02*	0.02*	0.02*	0.01*	0.01*	0.01*	0.03*	0.02*	0.03*	0.03*	0.01*	0.02*	0.03*	0.02*	-	-	-	-
Net Income	82.9%	2,713	1,483	1,202	2,014	1,860	1,497	1,347	736	720	2,461	1,808	2,029	1,556	845	1,321	1,353	1,277	1,082	900	889	1,075
Net Income Margin	-100.0%	-	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.01*	0.02*	0.02*	0.02*	0.02*	0.01*	0.02*	0.02*	0.02*	-	-	-	-
Free Cashflow	-100.0%	-	8,392	5,257	7,493	5,985	4,348	3,295	5,643	2,863	4,907	4,634	1,008	1,918	-804	753	784	1,498	-	-	-	-

Balance Sheet
(In Millions)

Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-0.2%	82,853	82,982	76,870	81,172	81,060	82,901	78,375	77,743	71,539	70,285	68,719	68,364	68,347	66,431	40,994	34,252	34,368	33,569	30,901	31,157	28,743
Current Assets	-0.4%	34,866	35,009	30,128	33,275	32,406	31,110	28,497	28,056	25,464	24,440	23,393	27,275	26,822	24,696	20,323	13,457	13,596	13,616	11,998	13,088	12,377
Cash Equivalents	8.3%	17,170	15,853	12,074	14,987	13,435	11,237	13,214	13,423	11,018	9,627	10,800	12,198	12,798	9,308	12,131	6,215	6,875	6,345	5,350	6,847	6,707
Net PPE	-2.5%	2,416	2,478	2,432	2,479	2,557	3,583	3,391	3,302	2,912	2,822	2,774	2,669	2,544	2,439	2,121	1,993	1,878	1,800	1,706	1,584	1,327
Goodwill	-0.6%	18,716	18,836	18,812	20,040	20,310	20,903	19,771	19,699	18,805	18,788	18,652	17,964	17,434	17,417	6,863	6,872	7,126	6,981	7,015	6,803	1,663
Liabilities	-1.3%	57,066	57,796	52,633	55,572	54,497	55,471	51,353	51,069	45,411	43,749	42,757	42,485	43,142	42,739	28,302	21,816	22,098	21,925	19,878	20,396	18,035
Current Liabilities	-4.7%	31,306	32,857	28,464	31,330	29,086	29,685	25,765	25,042	23,642	22,279	21,585	21,795	21,918	21,651	12,932	13,280	12,653	13,143	11,971	12,741	9,862
LT Debt, Current	13.4%	110	97.00	82.00	249	300	292	267	245	253	62.00	97.00	89.00	106	129	88.00	66.00	87.00	40.00	38.00	4.00	4.00
LT Debt, Non Current	-1.8%	17,896	18,223	17,938	18,084	18,456	18,640	18,571	18,594	16,536	16,695	16,682	16,737	16,708	17,150	13,638	6,975	7,047	6,775	6,648	6,379	6,275
Shareholder's Equity	2.0%	25,671	25,166	24,057	25,378	26,430	27,313	26,940	26,590	26,045	26,458	25,885	25,843	25,172	23,656	12,659	12,405	12,248	11,634	11,013	10,750	10,696
Retained Earnings	10.1%	11,529	10,471	9,341	9,554	8,816	8,988	8,139	7,540	6,956	7,491	6,792	6,804	6,236	5,030	4,984	4,775	4,680	4,185	3,663	3,422	3,403
Additional Paid-In Capital	0.3%	20,183	20,121	20,060	19,774	19,899	19,830	19,672	19,594	19,545	19,500	19,459	19,390	19,333	19,279	7,647	7,571	7,531	7,491	7,449	7,395	7,355
Shares Outstanding	-1.0%	546	552	551	570	584	583	582	583	583	582	581	580	579	544	415	414	413	413	412	411	391
Minority Interest	-21.8%	97.00	124	124	156	141	144	145	124	134	116	112	118	116	107	108	94.00	94.00	94.00	96.00	97.00	87.00

Cashflow (Last 12 Months)
(In Millions)

Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-8.6%	8,571	9,379	6,261	8,512	6,982	5,313	4,205	6,511	3,757	5,786	5,503	1,871	2,724	-73.00	1,483	1,500	2,147	704	1,234	2,318	1,867
Share Based Compensation	-1.3%	222	225	234	256	245	222	203	190	204	215	281	289	269	256	177	146	150	150	145	141	140
Cashflow From Investing	41.4%	-453	-773	-2,921	-3,999	-5,024	-5,093	-3,299	-6,697	-5,343	-4,290	-6,955	-2,844	-3,635	-4,431	-1,532	-2,410	-4,261	-4,194	-4,585	-4,131	-2,023
Cashflow From Financing	-6.8%	-4,146	-3,882	-4,197	-2,700	424	937	1,362	1,474	-165	-652	260	7,087	6,975	7,613	6,832	280	470	4,157	4,612	4,381	4,257
Buy Backs	1.6%	3,504	3,448	3,096	1,911	684	339	297	105	98.00	97.00	626	604	599	598	75.00	95.00	95.00	97.00	71.00	64.00	63.00

CNC Income Statement

2023-06-30

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues:
Premium and service revenues	$ 34,838	$ 33,968	$ 69,790	$ 68,200
Premium tax	2,770	1,968	6,707	4,921
Total revenues	37,608	35,936	76,497	73,121
Expenses:
Medical costs	29,347	27,312	58,781	55,150
Cost of services	877	2,099	1,747	4,087
Selling, general and administrative expenses	3,016	2,800	6,027	5,545
Depreciation expense	146	164	288	320
Amortization of acquired intangible assets	179	199	362	398
Premium tax expense	2,854	2,041	6,865	5,047
Impairment	18	1,450	38	1,450
Total operating expenses	36,437	36,065	74,108	71,997
Earnings (loss) from operations	1,171	(129)	2,389	1,124
Other income (expense):
Investment and other income	425	42	778	94
Debt extinguishment	0	13	0	16
Interest expense	(181)	(162)	(361)	(322)
Earnings (loss) before income tax	1,415	(236)	2,806	912
Income tax expense (benefit)	360	(65)	621	231
Net earnings (loss)	1,055	(171)	2,185	681
(Earnings) loss attributable to noncontrolling interests	3	(1)	3	(4)
Net earnings (loss) attributable to Centene Corporation	$ 1,058	$ (172)	$ 2,188	$ 677
Net earnings (loss) per common share attributable to Centene Corporation:
Basic earnings (loss) per common share (in dollars per share)	$ 1.93	$ (0.29)	$ 3.98	$ 1.16
Diluted earnings (loss) per common share (in dollars per share)	$ 1.92	$ (0.29)	$ 3.96	$ 1.15
Weighted average number of common shares outstanding:
Basic (in shares)	548,932	583,644	549,850	583,435
Diluted (in shares)	550,308	583,644	551,996	590,226
Premium
Revenues:
Premium and service revenues	$ 33,713	$ 31,510	$ 67,538	$ 63,399
Service
Revenues:
Premium and service revenues	$ 1,125	$ 2,458	$ 2,252	$ 4,801

CNC Balance Sheet

2023-06-30

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 17,170	$ 12,074
Premium and trade receivables	13,601	13,272
Short-term investments	2,212	2,321
Other current assets	1,883	2,461
Total current assets	34,866	30,128
Long-term investments	16,108	14,684
Restricted deposits	1,355	1,217
Property, software and equipment, net	2,416	2,432
Goodwill	18,716	18,812
Intangible assets, net	6,520	6,911
Other long-term assets	2,872	2,686
Total assets	82,853	76,870
Current liabilities:
Medical claims liability	16,884	16,745
Accounts payable and accrued expenses	9,868	9,525
Return of premium payable	2,071	1,634
Unearned revenue	2,373	478
Current portion of long-term debt	110	82
Total current liabilities	31,306	28,464
Long-term debt	17,896	17,938
Deferred tax liability	495	615
Other long-term liabilities	7,369	5,616
Total liabilities	57,066	52,633
Commitments and contingencies
Redeemable noncontrolling interests	19	56
Stockholders' equity:
Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at June 30, 2023 and December 31, 2022	0	0
Common stock, $0.001 par value; authorized 800,000 shares; 614,743 issued and 546,003 outstanding at June 30, 2023, and 607,847 issued and 550,754 outstanding at December 31, 2022	1	1
Additional paid-in capital	20,183	20,060
Accumulated other comprehensive (loss)	(998)	(1,132)
Retained earnings	11,529	9,341
Treasury stock, at cost (68,740 and 57,093 shares, respectively)	(5,044)	(4,213)
Total Centene stockholders' equity	25,671	24,057
Nonredeemable noncontrolling interest	97	124
Total stockholders' equity	25,768	24,181
Total liabilities, redeemable noncontrolling interests and stockholders' equity	$ 82,853	$ 76,870

Centene Corp Stock Research

Market Summary

CNC Alerts

CNC Stock Price

CNC RSI Chart

CNC Valuation

CNC Price/Sales (Trailing)

CNC Profitability

CNC Fundamentals

CNC Revenue

CNC Earnings

Price Action

52 Week Range

CNC Financial Health

CNC Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for CNC

Which funds bought or sold CNC recently?

Latest Funds Activity

CNC Alerts

Schedule 13G FIlings of Centene

Recent SEC filings of Centene

Peers (Alternatives to Centene)

Centene News

Returns for CNC

Cumulative Returns on CNC

Risks for CNC

What is the probability of a big loss on CNC?

How does CNC drawdown profile look like?

Financials for Centene

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)

CNC Income Statement

CNC Balance Sheet

About Centene

Market Summary

CNC Alerts

CNC Stock Price

CNC RSI Chart

CNC Valuation

CNC Price/Sales (Trailing)

CNC Profitability

CNC Fundamentals

CNC Revenue

CNC Earnings

Price Action

52 Week Range

CNC Financial Health

CNC Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for CNC

Which funds bought or sold CNC recently?

Latest Funds Activity

CNC Alerts

Schedule 13G FIlings of Centene

Recent SEC filings of Centene

Peers (Alternatives to Centene)

Centene News

Returns for CNC

Cumulative Returns on CNC

Risks for CNC

What is the probability of a big loss on CNC?

How does CNC drawdown profile look like?

Financials for Centene

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

CNC Income Statement

CNC Balance Sheet

About Centene

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)