Analyzing CoreCivic’s Valuation: A Comprehensive Overview
November 26, 2023
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CORECIVIC ($NYSE:CXW): Analyzing CoreCivic’s Valuation: A Comprehensive Overview is a detailed review of the company’s value and stock performance. It is listed on the New York Stock Exchange (NYSE) under the symbol CXW. This comprehensive overview seeks to give readers an in-depth look at CoreCivic’s financials, strategic operations, competitive landscape, and its market dynamics.
Market Price
Friday marked yet another day of stability for CORECIVIC‘s stock, which opened at $14.2 and closed at $14.3, an increase of 0.4% from the previous closing price of 14.2. This small yet steady increase in stock value serves as an indication of its overall valuation, which this comprehensive overview will seek to analyze. The analysis will focus on several metrics to assess CORECIVIC’s valuation, such as its Price-Book (P/B) Ratio, Price-Earnings (P/E) Ratio, Earnings Per Share (EPS) trend, and Debt to Equity (D/E) Ratio. Further, CORECIVIC’s long-term performance in the stock market will be closely studied to determine its current and potential future valuation.
Finally, a comparison with its peers in the industry will be made to contextualize its valuation. Through this comprehensive overview, investors and other stakeholders can gain a better understanding of CORECIVIC’s valuation and make more informed decisions when it comes to investing in or partnering with the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corecivic. More…
| Total Revenues | Net Income | Net Margin |
| 1.88k | 65.56 | 3.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corecivic. More…
| Operations | Investing | Financing |
| 244.97 | -68.06 | -258.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corecivic. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.07k | 1.61k | 12.84 |
Key Ratios Snapshot
Some of the financial key ratios for Corecivic are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.9% | -8.7% | 8.9% |
| FCF Margin | ROE | ROA |
| 9.1% | 7.2% | 3.4% |
Analysis
As GoodWhale, we have conducted an analysis of CORECIVIC‘s financials. Based on the Star Chart, CORECIVIC scores as an ‘Elephant’, which suggests it is rich in assets after deducting off liabilities. Given its strong position in assets and medium scores in profitability and growth, CORECIVIC could be of interest to a variety of investors. However, it receives a weak score in dividends, so investors who are looking for a stronger yield should look elsewhere. Despite its relatively weak score in dividends, CORECIVIC has a high health score of 8/10, indicating its cashflows and debt are sufficient to safely ride out any crisis or financial hardship without the risk of bankruptcy. Therefore, CORECIVIC could be a good option for investors who are looking for a solid, stable investment option. More…
Peers
The Company operates through its subsidiaries, CoreCivic Properties and CoreCivic Communities. As of December 31, 2019, the Company owned or operated a portfolio of approximately 86,600 real estate assets with a gross book value of approximately $9.9 billion. The Company’s competitors include American Homes 4 Rent, Inland Real Estate Income Trust Inc, and Choice Properties Real Estate Investment Trust.
– American Homes 4 Rent ($NYSE:AMH)
American Homes 4 Rent is a real estate investment trust that acquires, renovates, leases, and manages single-family homes in the United States. As of December 31, 2020, the company owned 53,545 homes in 22 states.
– Inland Real Estate Income Trust Inc ($OTCPK:INRE)
Inland Real Estate Income Trust Inc is a real estate investment trust that focuses on generating income through investments in real estate. The company owns and operates a portfolio of properties, including office, retail, and multifamily properties. Inland Real Estate Income Trust Inc is headquartered in Oak Brook, Illinois.
– Choice Properties Real Estate Investment Trust ($TSX:CHP.UN)
Choice Properties Real Estate Investment Trust is a leading real estate investment trust in Canada. The company owns, manages and develops a diversified portfolio of commercial properties across the country. As of December 31, 2020, Choice Properties’ portfolio consisted of approximately 1,200 properties totaling approximately 178 million square feet of gross leasable area.
Summary
CoreCivic is a real estate investment trust (REIT) that specializes in the ownership, management, and/or operation of correctional, detention, and residential reentry facilities. To assess its potential as an investment, a detailed valuation analysis is necessary. This involves analyzing market conditions, competition, financial metrics, business strategies, and management teams. Furthermore, CoreCivic’s current stock price, dividend rate, and portfolio of assets should be taken into account.
Other factors to consider include the company’s operational efficiency, debt ratios, and liquidity levels. All these elements will help investors determine if CoreCivic is an attractive stock to purchase or not.
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