CoreCivic, Inc. (CXW) 股票分析

公司概述

CoreCivic, Inc. operates primarily within the Industrials sector, specifically serving the Security & Protection Services industry by owning and managing a portfolio of partnership correctional, detention, and residential reentry facilities across the United States. This operational model positions the company as a critical infrastructure provider for government partners who require secure housing solutions for inmates and detainees. The enterprise holds a market capitalization of $2.00B and generates Total Revenue (TTM) of $2.21B, supported by a substantial workforce of 13,651 employees. These valuation and revenue figures indicate that CoreCivic maintains a significant footprint in the correctional services market, reflecting its established role in the government contracting landscape.

财务健康

The company reported Total Revenue (TTM) of $2.21B and Net Income (TTM) of $116.50M, with an EBITDA of $350.97M, illustrating a substantial gap between gross earnings and final net income that highlights a rigorous cost structure including operating expenses and taxes. While EBITDA remains positive, the Free Cash Flow stands at $-1,173,000, which suggests that capital expenditures and working capital requirements currently exceed cash generation, limiting immediate financial flexibility for discretionary spending. The Gross Margin is 23.5%, Operating Margin is 9.2%, and Profit Margin is 5.3%, indicating that for every dollar of revenue, the company retains a significant portion as gross profit before overhead costs, but faces substantial pressure from operating expenses to reach the final bottom line. The balance sheet shows Total Cash of $97.93M against Total Debt of $1.35B, resulting in a Debt to Equity ratio of 96.15, which characterizes the company as highly leveraged with liabilities significantly outweighing equity. The Current Ratio is 1.66, a metric that indicates the company possesses sufficient current assets to cover its short-term liabilities, maintaining a reasonable liquidity position despite the heavy debt load. Return on Equity is 8.0% and Return on Assets is 4.5%, revealing that the management team generates moderate returns on shareholder equity and a lower return on the total asset base, consistent with the capital-intensive nature of the correctional facility industry.

估值评估

The Trailing Twelve Months P/E Ratio is 18.72, while the Forward P/E is 9.79, implying that the market anticipates a significant acceleration in earnings growth that would compress the multiple from current levels to the forward estimate. The Price to Book ratio is 1.44, suggesting that the stock trades at a moderate premium relative to its book value, indicating that investors are willing to pay more than the accounting value of the company's net assets. Alternative valuation metrics such as the Price to Sales ratio of 0.90 and an EV/EBITDA of 9.20 provide context for the company's valuation relative to its sales and operational cash generation capabilities. The stock has a 52-Week High of $23.54 and a 52-Week Low of $15.74, and given the recent earnings growth, the current trading price is positioned to reflect these historical volatility bounds relative to the broader market. The Beta value is 0.61, which indicates that the stock's price volatility is historically lower than the broader market, suggesting it may move less sharply during periods of market turbulence compared to high-beta equities.

Growth & Income

Revenue Growth (YoY) is 26.0% and Earnings Growth (YoY) is 42.4%, demonstrating that earnings are expanding at a rate significantly faster than revenue, which often implies improved operational leverage or margin expansion. As the company does not pay dividends, indicated by a Dividend Yield of N/A and a Payout Ratio of 0.0%, it retains all earnings to fund operations, pay down debt, or reinvest into the business rather than distributing cash to shareholders. This non-dividend strategy aligns with a growth-oriented profile where capital is prioritized for facility maintenance and expansion over shareholder income distribution. The overall growth and income profile is defined by double-digit revenue expansion, robust earnings acceleration, and a complete absence of dividend payouts, focusing entirely on capital preservation and operational scaling within the correctional services sector.