Centene Corporation provides a portfolio of services to government-sponsored healthcare programs, focusing on under-insured and uninsured individuals. The company was founded in 1984 and is based in St. Louis, Missouri.
CNC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Centene Corp. To summarize, we found that Centene Corp ranked in the 41th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Centene Corp ended up being:
Centene Corp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 11.02% of tickers in our DCF set.
As a business, Centene Corp experienced a tax rate of about 24% over the past twelve months; relative to its sector (Healthcare), this tax rate is higher than 87.69% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
PAHC, ITGR, FONR, STE, and DGX can be thought of as valuation peers to CNC, in the sense that they are in the Healthcare sector and have a similar price forecast based on DCF valuation.
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Centene (CNC) has priced its public offering of $2.2B aggregate principal amount of 3.00% senior notes due 2030.Closing date is October 7. Net proceeds along with cash on hand will be used to redeem notes, including all premiums, accrued interest and costs and expenses related to the 2022 notes redemption...