Added to YB: 2025-07-21
Pitch date: 2025-07-17
CNC [neutral]
Centene Corporation
+40.52%
current return
Author Info
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Company Info
Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.
Market Cap
$19.0B
Pitch Price
$29.07
Price Target
60.00 (+47%)
Dividend
N/A
EV/EBITDA
4.90
P/E
-3.62
EV/Sales
0.12
Sector
Health Care Providers and Services
Category
turnaround
Centene Corporation - $CNC
CNC: Shares crushed 40% in 1 day after $1.8B risk-adjustment hit (-$2.75 EPS). Trades at 4.7x EV/FCF with 5yr avg FCF of $4B. Health insurance sector labeled 'uninvestable' amid high costs & Trump's $1T Medicaid cuts. Still strong balance sheet w/ 14% ROE & 5.2% investment yield. Management has $2.23B left in buyback program (14.7% of shares). Einhorn, Nygren & Ainslie bought in 60s pre-crash.
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