Professional
Added to YB: 2025-04-04
Pitch date: 2025-02-18
CNC [neutral]
Centene Corporation
-27.16%
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
$56.08
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
turnaround
AMG River Road Mid Cap Value Fund Portfolio Holding: Centene Corporation
CNC (holding update): Leading Medicaid MCO (17% mkt share) & top individual exchange provider. Positive FCF since 1998. New mgmt divested 7 businesses for $3.5B, buybacks. Stock down on Medicaid MLR issues post-redeterminations (-14% membership). 2024 EPS guide $6.80+. Trades 9.4x fwd earnings vs 5yr avg 12x. Position maintained despite near-term challenges.
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