Centene Corp

  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $29.66B
  • PE 9
  • Debt $18.32B
  • Cash $14.89B
  • EV $33.10B
  • FCF $1.49B

Earnings

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Sales & Net Margins

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Earnings$3.45B
EBIT$4.53B
ROE12%
ROA5%
FCF$1.49B
Equity$28.01B
Growth Stability81%
PE8.61
PEG0.39
PB1.06
P/FCF19.88
P/S0.18
Price/Cash0.5
Debt/Equity0.65
Debt/FCF12.28
Net Margins3%
Gross Margins10%
Op. Margins3%
Earnings CAGR21%
Sales Growth YoY15%
Sales Growth QoQ14%
Sales CAGR21%
FCF CAGR18%
Equity CAGR29%
Earnings Stability0.75
Earnings Growth YoY13%
Earnings Growth QoQ368%
Earnings CAGR 5Y22%
Sales CAGR 5Y12%
FCF CAGR 5Y-10%
Equity CAGR 5Y1%
Earnings CAGR 3Y7%
Sales CAGR 3Y7%
FCF CAGR 3Y-58%
Equity CAGR 3Y3%
Market Cap$29.66B
Revenue$169.28B
Assets$87.04B
Total Debt$18.32B
Cash$14.89B
Shares Outstanding496.21M
EV33.1B
Earnings Score92%
Moat Score74%
Safety Score74%
Final Score80%
Working Capital4.15B
Current Ratio1.11
Gross Profit$17.62B
Shares Growth 3y-5%
Equity Growth QoQ6%
Equity Growth YoY4%

Assets & ROA

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Stockholders Equity & ROE

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Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 22 million medical members as of September 2021, mostly in Medicaid (68% of membership), the individual exchanges (10%), Medicare Advantage (6%), and the balance in Tricare (West region), correctional facility, and international plans. The company also serves 4 million users through the Medicare Part D pharmaceutical program.

SEC Filings

Direct access to Centene Corp (CNC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2025
    • 10-Q Mar 31
  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Centene Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Centene Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 21%
Stability 75%
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Centene Corp Discounted Cash Flow

Fully customizable DCF calculator online for Centene Corp.

= $52B
012345678910TV
fcf$1.5B$1.8B$2.1B$2.4B$2.9B$3.4B$4B$4.7B$5.5B$6.5B$7.7B$77B
DCF$1.6B$1.7B$1.8B$2B$2.1B$2.3B$2.4B$2.6B$2.8B$3B$30B
Value$52B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins2%1%2%1%2%2%1%1%2%2%3%
ROA-7%6%6%5%5%2%3%4%5%5%
ROE-9%12%8%10%7%5%5%10%12%12%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-3.14.5312.3218.523.665.863.472.49-38.2712.28
Debt over Equity0.570.810.70.631.10.660.720.760.70.710.65
Growth Stability---100%100%100%100%81%100%100%81%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-78%19%24%24%49%13%15%7%6%12%
Earnings YoY growth-58%44%11%46%37%-26%-10%125%22%22%
Equity YoY growth-173%16%60%15%104%4%-10%7%2%1%
FCF YoY growth-204%-31%-48%35%515%-29%60%38%-107%-10%