CENTENE CORP (CNC) Fundamental Analysis & Valuation

NYSE:CNC • US15135B1017

Current stock price

38.93 USD
-0.21 (-0.54%)
At close:
38.939 USD
+0.01 (+0.02%)
After Hours:

This CNC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. CNC Profitability Analysis

1.1 Basic Checks

  • CNC had positive earnings in the past year.
  • In the past year CNC had a positive cash flow from operations.
  • CNC had positive earnings in 4 of the past 5 years.
  • CNC had a positive operating cash flow in each of the past 5 years.
CNC Yearly Net Income VS EBIT VS OCF VS FCFCNC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • With a Return On Assets value of -8.70%, CNC is not doing good in the industry: 73.00% of the companies in the same industry are doing better.
  • The Return On Equity of CNC (-33.45%) is worse than 69.00% of its industry peers.
Industry RankSector Rank
ROA -8.7%
ROE -33.45%
ROIC N/A
ROA(3y)-0.5%
ROA(5y)0.36%
ROE(3y)-3.49%
ROE(5y)-0.09%
ROIC(3y)N/A
ROIC(5y)N/A
CNC Yearly ROA, ROE, ROICCNC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30

1.3 Margins

  • CNC's Gross Margin of 7.12% is on the low side compared to the rest of the industry. CNC is outperformed by 76.00% of its industry peers.
  • In the last couple of years the Gross Margin of CNC has declined.
  • The Profit Margin and Operating Margin are not available for CNC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 7.12%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.83%
GM growth 5YN/A
CNC Yearly Profit, Operating, Gross MarginsCNC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. CNC Health Analysis

2.1 Basic Checks

  • CNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • CNC has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, CNC has less shares outstanding
  • Compared to 1 year ago, CNC has a worse debt to assets ratio.
CNC Yearly Shares OutstandingCNC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
CNC Yearly Total Debt VS Total AssetsCNC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • CNC has an Altman-Z score of 2.94. This is not the best score and indicates that CNC is in the grey zone with still only limited risk for bankruptcy at the moment.
  • CNC's Altman-Z score of 2.94 is fine compared to the rest of the industry. CNC outperforms 66.00% of its industry peers.
  • The Debt to FCF ratio of CNC is 4.16, which is a neutral value as it means it would take CNC, 4.16 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.16, CNC is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
  • CNC has a Debt/Equity ratio of 0.87. This is a neutral value indicating CNC is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.87, CNC perfoms like the industry average, outperforming 44.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF 4.16
Altman-Z 2.94
ROIC/WACCN/A
WACC7.64%
CNC Yearly LT Debt VS Equity VS FCFCNC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B 25B

2.3 Liquidity

  • A Current Ratio of 1.10 indicates that CNC should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.10, CNC is doing worse than 62.00% of the companies in the same industry.
  • A Quick Ratio of 1.10 indicates that CNC should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.10, CNC perfoms like the industry average, outperforming 44.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.1
Quick Ratio 1.1
CNC Yearly Current Assets VS Current LiabilitesCNC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CNC Growth Analysis

3.1 Past

  • The earnings per share for CNC have decreased strongly by -71.13% in the last year.
  • CNC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.27% yearly.
  • CNC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.44%.
  • The Revenue has been growing by 11.88% on average over the past years. This is quite good.
EPS 1Y (TTM)-71.13%
EPS 3Y-29.13%
EPS 5Y-16.27%
EPS Q2Q%-248.75%
Revenue 1Y (TTM)19.44%
Revenue growth 3Y10.45%
Revenue growth 5Y11.88%
Sales Q2Q%21.86%

3.2 Future

  • Based on estimates for the next years, CNC will show a very strong growth in Earnings Per Share. The EPS will grow by 35.63% on average per year.
  • The Revenue is expected to grow by 1.21% on average over the next years.
EPS Next Y47.44%
EPS Next 2Y39.92%
EPS Next 3Y40.97%
EPS Next 5Y35.63%
Revenue Next Year-2.17%
Revenue Next 2Y-0.57%
Revenue Next 3Y0.93%
Revenue Next 5Y1.21%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CNC Yearly Revenue VS EstimatesCNC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 50B 100B 150B 200B
CNC Yearly EPS VS EstimatesCNC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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Find the best growth stocksShow best growing peers

6

4. CNC Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 18.99, which indicates a rather expensive current valuation of CNC.
  • Based on the Price/Earnings ratio, CNC is valued a bit cheaper than 71.00% of the companies in the same industry.
  • CNC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.50.
  • CNC is valuated correctly with a Price/Forward Earnings ratio of 12.88.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CNC indicates a rather cheap valuation: CNC is cheaper than 82.00% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of CNC to the average of the S&P500 Index (22.62), we can say CNC is valued slightly cheaper.
Industry RankSector Rank
PE 18.99
Fwd PE 12.88
CNC Price Earnings VS Forward Price EarningsCNC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CNC is on the same level as its industry peers.
  • CNC's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CNC is cheaper than 96.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.58
EV/EBITDA 13.92
CNC Per share dataCNC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CNC's earnings are expected to grow with 40.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y39.92%
EPS Next 3Y40.97%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CNC Dividend Analysis

5.1 Amount

  • CNC does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CNC Fundamentals: All Metrics, Ratios and Statistics

CENTENE CORP

NYSE:CNC (4/22/2026, 8:16:51 PM)

After market: 38.939 +0.01 (+0.02%)

38.93

-0.21 (-0.54%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)02-06
Earnings (Next)04-28
Inst Owners98.12%
Inst Owner Change0.16%
Ins Owners0.22%
Ins Owner Change-0.81%
Market Cap19.14B
Revenue(TTM)194.78B
Net Income(TTM)-6.67B
Analysts66.92
Price Target46.74 (20.06%)
Short Float %2.79%
Short Ratio2.1
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)229.27%
Min EPS beat(2)3.74%
Max EPS beat(2)454.8%
EPS beat(4)3
Avg EPS beat(4)88.24%
Min EPS beat(4)-118.47%
Max EPS beat(4)454.8%
EPS beat(8)7
Avg EPS beat(8)57.14%
EPS beat(12)10
Avg EPS beat(12)40.67%
EPS beat(16)14
Avg EPS beat(16)31.88%
Revenue beat(2)2
Avg Revenue beat(2)2.39%
Min Revenue beat(2)1.75%
Max Revenue beat(2)3.03%
Revenue beat(4)4
Avg Revenue beat(4)5.03%
Min Revenue beat(4)1.75%
Max Revenue beat(4)8.88%
Revenue beat(8)8
Avg Revenue beat(8)6.46%
Revenue beat(12)12
Avg Revenue beat(12)6.07%
Revenue beat(16)15
Avg Revenue beat(16)4.95%
PT rev (1m)-1.43%
PT rev (3m)2.69%
EPS NQ rev (1m)-1.43%
EPS NQ rev (3m)0.8%
EPS NY rev (1m)-0.53%
EPS NY rev (3m)5.74%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-1.74%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-2.41%
Valuation
Industry RankSector Rank
PE 18.99
Fwd PE 12.88
P/S 0.1
P/FCF 4.58
P/OCF 3.87
P/B 0.96
P/tB 4.17
EV/EBITDA 13.92
EPS(TTM)2.05
EY5.27%
EPS(NY)3.02
Fwd EY7.76%
FCF(TTM)8.51
FCFY21.85%
OCF(TTM)10.07
OCFY25.86%
SpS396.07
BVpS40.57
TBVpS9.33
PEG (NY)0.4
PEG (5Y)N/A
Graham Number43.2605 (11.12%)
Profitability
Industry RankSector Rank
ROA -8.7%
ROE -33.45%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 7.12%
FCFM 2.15%
ROA(3y)-0.5%
ROA(5y)0.36%
ROE(3y)-3.49%
ROE(5y)-0.09%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.83%
GM growth 5YN/A
F-Score4
Asset Turnover2.54
Health
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF 4.16
Debt/EBITDA 17.51
Cap/Depr 60.16%
Cap/Sales 0.39%
Interest Coverage N/A
Cash Conversion 499.5%
Profit Quality N/A
Current Ratio 1.1
Quick Ratio 1.1
Altman-Z 2.94
F-Score4
WACC7.64%
ROIC/WACCN/A
Cap/Depr(3y)57.95%
Cap/Depr(5y)60.03%
Cap/Sales(3y)0.44%
Cap/Sales(5y)0.54%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-71.13%
EPS 3Y-29.13%
EPS 5Y-16.27%
EPS Q2Q%-248.75%
EPS Next Y47.44%
EPS Next 2Y39.92%
EPS Next 3Y40.97%
EPS Next 5Y35.63%
Revenue 1Y (TTM)19.44%
Revenue growth 3Y10.45%
Revenue growth 5Y11.88%
Sales Q2Q%21.86%
Revenue Next Year-2.17%
Revenue Next 2Y-0.57%
Revenue Next 3Y0.93%
Revenue Next 5Y1.21%
EBIT growth 1Y-108.65%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year642.89%
EBIT Next 3Y139.28%
EBIT Next 5YN/A
FCF growth 1Y953.67%
FCF growth 3Y-7.24%
FCF growth 5Y-2.03%
OCF growth 1Y3114.29%
OCF growth 3Y-7.45%
OCF growth 5Y-2.1%

CENTENE CORP / CNC Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for CENTENE CORP?

ChartMill assigns a fundamental rating of 4 / 10 to CNC.


Can you provide the valuation status for CENTENE CORP?

ChartMill assigns a valuation rating of 7 / 10 to CENTENE CORP (CNC). This can be considered as Undervalued.


What is the profitability of CNC stock?

CENTENE CORP (CNC) has a profitability rating of 2 / 10.


Can you provide the PE and PB ratios for CNC stock?

The Price/Earnings (PE) ratio for CENTENE CORP (CNC) is 18.99 and the Price/Book (PB) ratio is 0.96.


What is the expected EPS growth for CENTENE CORP (CNC) stock?

The Earnings per Share (EPS) of CENTENE CORP (CNC) is expected to grow by 47.44% in the next year.