Centene Corp Stock Net Income
| CNC Stock | USD 60.37 0.02 0.03% |
Centene Corp fundamentals help investors to digest information that contributes to Centene Corp's financial success or failures. It also enables traders to predict the movement of Centene Stock. The fundamental analysis module provides a way to measure Centene Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Centene Corp stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 2.7 B | 2.8 B | |
| Net Income Applicable To Common Shares | 1.4 B | 1.5 B | |
| Net Income From Continuing Ops | 2.4 B | 2.6 B | |
| Net Income Per Share | 4.97 | 5.22 | |
| Net Income Per E B T | 0.75 | 0.81 |
Centene | Net Income |
Centene Corp Company Net Income Analysis
Centene Corp's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Centene Corp Net Income | 2.7 B |
Most of Centene Corp's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Centene Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Centene Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Centene Corp is extremely important. It helps to project a fair market value of Centene Stock properly, considering its historical fundamentals such as Net Income. Since Centene Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Centene Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Centene Corp's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Centene Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Centene Corp reported net income of 2.7 B. This is much higher than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The net income for all United States stocks is significantly lower than that of the firm.
Centene Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Centene Corp's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Centene Corp could also be used in its relative valuation, which is a method of valuing Centene Corp by comparing valuation metrics of similar companies.Centene Corp is currently under evaluation in net income category among its peers.
Centene Corp ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Centene Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Centene Corp's managers, analysts, and investors.Environmental | Governance | Social |
Centene Corp Institutional Holders
Institutional Holdings refers to the ownership stake in Centene Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Centene Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Centene Corp's value.| Shares | Boston Partners Global Investors, Inc | 2024-09-30 | 9.2 M | Amvescap Plc. | 2024-06-30 | 8.6 M | Arrowstreet Capital Limited Partnership | 2024-06-30 | 8 M | Jpmorgan Chase & Co | 2024-06-30 | 5.8 M | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 5.8 M | Bank Of New York Mellon Corp | 2024-06-30 | 5.5 M | Swedbank Ab | 2024-09-30 | 5.4 M | Legal & General Group Plc | 2024-06-30 | 5.1 M | Deutsche Bank Ag | 2024-06-30 | 5 M | Vanguard Group Inc | 2024-09-30 | 60.1 M | Blackrock Inc | 2024-06-30 | 47.4 M |
Centene Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0351 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 30.51 B | ||||
| Shares Outstanding | 504.86 M | ||||
| Shares Owned By Insiders | 0.27 % | ||||
| Shares Owned By Institutions | 99.46 % | ||||
| Number Of Shares Shorted | 14.44 M | ||||
| Price To Earning | 20.27 X | ||||
| Price To Book | 1.12 X | ||||
| Price To Sales | 0.21 X | ||||
| Revenue | 154 B | ||||
| Gross Profit | 24.47 B | ||||
| EBITDA | 2.93 B | ||||
| Net Income | 2.7 B | ||||
| Cash And Equivalents | 12.07 B | ||||
| Cash Per Share | 30.34 X | ||||
| Total Debt | 17.83 B | ||||
| Debt To Equity | 0.84 % | ||||
| Current Ratio | 1.06 X | ||||
| Book Value Per Share | 53.53 X | ||||
| Cash Flow From Operations | 8.05 B | ||||
| Short Ratio | 2.31 X | ||||
| Earnings Per Share | 5.79 X | ||||
| Price To Earnings To Growth | 0.62 X | ||||
| Target Price | 81.72 | ||||
| Number Of Employees | 67.7 K | ||||
| Beta | 0.49 | ||||
| Market Capitalization | 30.48 B | ||||
| Total Asset | 84.64 B | ||||
| Retained Earnings | 12.04 B | ||||
| Working Capital | 4.04 B | ||||
| Current Asset | 3.6 B | ||||
| Current Liabilities | 3.63 B | ||||
| Net Asset | 84.64 B |
About Centene Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Centene Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Centene Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Centene Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:Check out Centene Corp Piotroski F Score and Centene Corp Altman Z Score analysis. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.565 | Earnings Share 5.79 | Revenue Per Share 275.741 | Quarterly Revenue Growth 0.061 | Return On Assets 0.0351 |
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.