CoreCivic, Inc. (CXW) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-31.6%

$21.15

vs $30.92 price

Levered DCF

$19.65

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.9

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	17.53×	35.06×	24.63×	11.22×	-23.19×	14.24×	10.93×	13.31×
P/B	1.46×	1.61×	1.12×	0.95×	0.87×	0.56×	1.5×	1.49×
P/S	0.92×	1.22×	0.87×	0.74×	0.64×	0.41×	1.04×	1.15×
EV / EBITDA	9.05×	11.49×	9.25×	6.89×	8.44×	8.97×	9.47×	9.54×
Gross margin	23.5%	23.9%	16.2%	23.4%	28.2%	26.2%	28.2%	28.4%
Operating margin	15.8%	9.6%	9.0%	9.5%	10.2%	8.5%	14.2%	13.6%
Net margin	5.3%	3.5%	3.6%	6.6%	-2.8%	2.9%	9.5%	8.7%
Current ratio	1.66×	1.57×	1.6×	1.14×	1.84×	2.29×	1.18×	1.02×
Debt / equity	0.87×	0.68×	0.82×	0.97×	1.23×	1.41×	1.49×	1.27×
Interest coverage	5.61×	2.79×	2.34×	1.84×	1.98×	1.95×	3.34×	0×
Dividend yield	0.0%	0.0%	0.0%	0.1%	0.2%	13.5%	10.1%	9.7%
Payout ratio	0.0%	0.2%	0.2%	0.7%	-4.8%	191.5%	110.9%	128.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.3%	4.6%	4.6%	8.5%	-3.8%	4.0%	13.7%	11.3%
Return on invested capital	8.9%	5.3%	4.2%	4.4%	-3.5%	4.4%	7.7%	7.1%
Return on assets	3.6%	2.3%	2.2%	3.8%	-1.5%	1.5%	5.0%	4.4%
Free cash flow yield	2.6%	8.3%	9.8%	5.3%	15.2%	34.7%	7.8%	9.5%
Earnings yield	5.7%	2.9%	4.1%	9.0%	-4.3%	7.1%	9.1%	7.5%
Enterprise value	$3.2B	$3.3B	$2.7B	$2.6B	$2.6B	$2.6B	$4B	$3.9B
Net debt / EBITDA	3.18×	3.15×	3.67×	3.27×	4.53×	6.3×	4.61×	4.32×
Cash conversion cycle (days)	-3	36	44	39	31	29	32	33