Professional
Added to YB: 2024-04-12
Pitch date: 2024-03-31
CNC [bullish]
Centene Corporation
-48.32%
current return
Author Info
No bio for this author
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
$78.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.90
P/E
-3.62
EV/Sales
0.12
Sector
Health Care Providers and Services
Category
value
Oakmark Global Fund New Position: Centene Corporation
CNC: Leading gov health insurer in Medicaid, Marketplace & Medicare Advantage, benefiting from secular tailwinds. Medicaid outsourcing to managed care cos like CNC reduces costs & improves quality. CNC #1 in Medicaid & Marketplace, poised for continued growth. Medicare Advantage turnaround expected in next few years despite near-term losses. Trades at 9x est normal EPS, a bargain for biz with strong ROIC & potential low double-digit EPS growth.
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