Centene Corp.
CNC
Market Cap$38.32B
Close$
Earnings Call Q4 2023
February 6, 2024 - AI Summary
Centene reported strong fourth quarter and full year 2023 results, with adjusted EPS of $0.45 for the quarter and $6.68 for the full year.
The company raised its premium and service revenue guidance for 2024 by $2.5 billion, reflecting stronger than expected growth in the marketplace segment.
Centene's Medicaid business has been navigating the redeterminations process and is on track to resume organic enrollment growth. The company expects a membership reduction of approximately 1.9 million due to redeterminations, but remains confident in its 2024 Medicaid guidance.
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$94.99
28.8% upside
Current Fair Value
28.8% upsideUndervalued by 28.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $38.32 Billion |
|---|---|
| Enterprise Value | $56.15 Billion |
| Dividend Yield | $0.0 (0.0%) |
| Earnings per Share | $4.95 |
| Beta | 0.39 |
| Outstanding Shares | 534,905,828 |
| Avg 30 Day Volume | 3,294,552 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 14.18 |
|---|---|
| PEG | -11.71 |
| Price to Sales | 0.26 |
| Price to Book Ratio | 1.54 |
| Enterprise Value to Revenue | 0.36 |
| Enterprise Value to EBIT | 16.23 |
| Enterprise Value to Net Income | 20 |
| Total Debt to Enterprise | 0.32 |
| Debt to Equity | 0.69 |
Revenue Sources
No data
ESG Score
No data
About Centene Corp.
CEO: Michael Neidorff