` Comparison: CNC, 0HG8 - Alpha Spread

CNC
vs
A
0HG8

Over the past 12 months, CNC has underperformed 0HG8, delivering a return of -32% compared to the 0HG8's 14% drop.

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CNC
0HG8
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Valuation Comparison

CNC Intrinsic Value
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0HG8 Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Centene Corp
NYSE:CNC
38.85 USD
A
Anthem Inc
LSE:0HG8
332.895 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
CNC, 0HG8

CNC
0HG8
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Centene Corp
Revenue
A
Anthem Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
CNC, 0HG8

CNC
0HG8
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Centene Corp
NYSE:CNC
FCF is not applicable for financial companies
A
Anthem Inc
LSE:0HG8
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

CNC
0HG8
LTM 3Y Avg 5Y Avg 10Y Avg
Centene Corp
Not applicable for financial companies
A
Anthem Inc
Not applicable for financial companies

Operating Margin

CNC
0HG8
LTM 3Y Avg 5Y Avg 10Y Avg
Centene Corp
Not applicable for financial companies
A
Anthem Inc
Not applicable for financial companies

Net Margin

CNC
-2.9%
0HG8
2.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Centene Corp
A
Anthem Inc

FCF Margin

CNC
0HG8
LTM 3Y Avg 5Y Avg 10Y Avg
Centene Corp
Not applicable for financial companies
A
Anthem Inc
Not applicable for financial companies

ROE

CNC
-21.9%
0HG8
12.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Centene Corp
A
Anthem Inc

ROA

CNC
-6.4%
0HG8
4.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Centene Corp
A
Anthem Inc

ROIC

CNC
0HG8
LTM 3Y Avg 5Y Avg 10Y Avg
Centene Corp
Not applicable for financial companies
A
Anthem Inc
Not applicable for financial companies

ROCE

CNC
0HG8
LTM 3Y Avg 5Y Avg 10Y Avg
Centene Corp
Not applicable for financial companies
A
Anthem Inc
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CNC, 0HG8

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Performance Gap
CNC, 0HG8

Performance Gap Between CNC and 0HG8
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Performance By Year
CNC, 0HG8

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CNC
0HG8
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