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Centene Corp CNC

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Stock XNYS Rating as of
$68.93 −0.05 (0.07%)
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As of Delayed Price Closed
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Company Report

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Centene Aims to Lead in Government-Sponsored Plans

Julie Utterback

Centene aims to be a top provider of government-sponsored health plans. Although it has grown at a solid clip organically, the company also has made significant acquisitions—most notably WellCare in Medicare Advantage plans—to meet that goal. Technology investments to boost efficiency have helped Centene prosper in this relatively low-margin managed-care sector, as well.

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Price vs Fair Value

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CNC is trading at a 427% premium.
Price
$68.93
Fair Value
$69.00
Uncertainty
Medium
1-Star Price
$326.80
5-Star Price
$49.70
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Centene represents a countercyclical investment opportunity in managed care, as it can benefit from economic downturns through increasing enrollment in its Medicaid and individual exchange products.

Bears

Since the pandemic began, Medicaid rolls swelled, but as eligibility redeterminations have resumed, this Centene stronghold may continue to decline in the near future.

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Trading Information

Previous Close Price
$68.98
Day Range
$68.21–69.26
52-Week Range
$60.83–81.42
Bid/Ask
$68.45 / $69.83
Market Cap
$36.78 Bil
Volume/Avg
3.7 Mil / 3.5 Mil

Key Statistics

Price/Earnings (Normalized)
10.12
Price/Sales
0.24
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
3.54%

Company Profile

Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of June 2023, mostly in Medicaid (67% of membership), the individual exchanges (14%), and Medicare Advantage (6%) plans. The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program.
Sector
Healthcare
Industry
Healthcare Plans
Stock Style Box
Mid Value
Total Number of Employees
67,700
Website
https://www.centene.com

Competitors

Valuation

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Metric
CNC
CVS
HUM
Price/Earnings (Normalized)
 10.127.6715.06
Price/Book Value
 1.371.022.68
Price/Sales
 0.240.210.41
Price/Cash Flow
 7.616.3412.88
Price/Earnings
CNC
CVS
HUM

Financial Strength

Metric
CNC
CVS
HUM
Quick Ratio
 1.110.54—
Current Ratio
 1.170.81—
Interest Coverage
 6.094.556.16
Quick Ratio
CNC
CVS
HUM

Profitability

Metric
CNC
CVS
HUM
Return on Assets (Normalized)
 4.42%4.07%5.46%
Return on Equity (Normalized)
 14.34%13.68%17.15%
Return on Invested Capital (Normalized)
 9.26%7.90%11.21%
Return on Assets
CNC
CVS
HUM
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Healthcare Plans Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
UnitedHealth Group Inc
UNH
FrxyxhysVvbrhjk$457.5 Bil
 Elevance Health Inc
ELV
MtbbwlvzZhcdlc$124.3 Bil
 The Cigna Group
CI
KddspcbkwDndxcb$94.7 Bil
 CVS Health Corp
CVS
StjdpcgbLnvrjk$75.6 Bil
 Humana Inc
HUM
FcfyvmmmfKkjblh$43.3 Bil
 Molina Healthcare Inc
MOH
—Qtrgb$18.0 Bil
 Oscar Health Inc Class A
OSCR
—Vydhq$4.5 Bil
 Alignment Healthcare Inc
ALHC
—Dsvch$1.6 Bil
 Clover Health Investments Corp Ordinary Shares - Class A
CLOV
—Gqrq$541.1 Mil

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