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Centene (BSP:C1NC34) Cyclically Adjusted Price-to-FCF : 13.30 (As of May. 18, 2024)


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What is Centene Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), Centene's current share price is R$399.20. Centene's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$30.02. Centene's Cyclically Adjusted Price-to-FCF for today is 13.30.

The historical rank and industry rank for Centene's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:C1NC34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.11   Med: 20.74   Max: 32.67
Current: 13.07

During the past years, Centene's highest Cyclically Adjusted Price-to-FCF was 32.67. The lowest was 10.11. And the median was 20.74.

BSP:C1NC34's Cyclically Adjusted Price-to-FCF is ranked better than
61.54% of 13 companies
in the Healthcare Plans industry
Industry Median: 15.02 vs BSP:C1NC34: 13.07

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Centene's adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$-5.618. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$30.02 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Centene Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Centene's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Centene Cyclically Adjusted Price-to-FCF Chart

Centene Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.30 19.39 21.84 17.10 12.16

Centene Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.31 11.13 11.09 12.16 13.14

Competitive Comparison of Centene's Cyclically Adjusted Price-to-FCF

For the Healthcare Plans subindustry, Centene's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Centene's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Centene's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Centene's Cyclically Adjusted Price-to-FCF falls into.



Centene Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Centene's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=399.20/30.02
=13.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Centene's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Centene's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-5.618/131.7762*131.7762
=-5.618

Current CPI (Mar. 2024) = 131.7762.

Centene Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.273 100.560 1.668
201409 3.988 100.428 5.233
201412 3.643 99.070 4.846
201503 0.231 99.621 0.306
201506 4.036 100.684 5.282
201509 0.301 100.392 0.395
201512 2.387 99.792 3.152
201603 2.224 100.470 2.917
201606 -4.582 101.688 -5.938
201609 3.383 101.861 4.377
201612 14.286 101.863 18.481
201703 10.361 102.862 13.273
201706 -3.773 103.349 -4.811
201709 -0.204 104.136 -0.258
201712 3.053 104.011 3.868
201803 15.021 105.290 18.800
201806 -6.334 106.317 -7.851
201809 4.128 106.507 5.107
201812 -7.578 105.998 -9.421
201903 10.431 107.251 12.816
201906 6.955 108.070 8.481
201909 -2.874 108.329 -3.496
201912 -8.267 108.420 -10.048
202003 -3.691 108.902 -4.466
202006 30.724 108.767 37.223
202009 -11.049 109.815 -13.259
202012 24.224 109.897 29.047
202103 -1.377 111.754 -1.624
202106 12.381 114.631 14.233
202109 14.093 115.734 16.046
202112 4.082 117.630 4.573
202203 7.658 121.301 8.319
202206 26.568 125.017 28.004
202209 27.861 125.227 29.318
202212 -16.738 125.222 -17.614
202303 38.032 127.348 39.355
202306 20.559 128.729 21.046
202309 8.075 129.860 8.194
202312 -0.055 129.419 -0.056
202403 -5.618 131.776 -5.618

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Centene  (BSP:C1NC34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Centene Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Centene's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Centene (BSP:C1NC34) Business Description

Industry
Traded in Other Exchanges
Address
7700 Forsyth Boulevard, Centene Plaza, St. Louis, MO, USA, 63105
Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of June 2023, mostly in Medicaid (67% of membership), the individual exchanges (14%), and Medicare Advantage (6%) plans. The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program.

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