Discounted Cash Flow (DCF) Analysis Levered
The GEO Group, Inc. (GEO)
$11.75
+0.09 (+0.77%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 2,263.42 | 2,331.39 | 2,477.92 | 2,350.10 | 2,256.61 | 2,257.47 | 2,258.32 | 2,259.18 | 2,260.04 | 2,260.89 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 381.04 | 274.48 | 338.14 | 441.73 | 282.64 | 332.19 | 332.31 | 332.44 | 332.57 | 332.69 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -148.41 | -195.67 | -117.24 | -108.80 | -69.39 | -123.64 | -123.69 | -123.74 | -123.79 | -123.83 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 232.64 | 78.81 | 220.90 | 332.93 | 213.24 | 208.54 | 208.62 | 208.70 | 208.78 | 208.86 |
Weighted Average Cost Of Capital
Share price | $ 11.75 |
---|---|
Beta | 0.680 |
Diluted Shares Outstanding | 120.73 |
Cost of Debt | |
Tax Rate | 59.85 |
After-tax Cost of Debt | 1.70% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.578 |
Total Debt | 3,062.56 |
Total Equity | 1,418.60 |
Total Capital | 4,481.16 |
Debt Weighting | 68.34 |
Equity Weighting | 31.66 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 2,263.42 | 2,331.39 | 2,477.92 | 2,350.10 | 2,256.61 | 2,257.47 | 2,258.32 | 2,259.18 | 2,260.04 | 2,260.89 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 381.04 | 274.48 | 338.14 | 441.73 | 282.64 | 332.19 | 332.31 | 332.44 | 332.57 | 332.69 |
Capital Expenditure | -148.41 | -195.67 | -117.24 | -108.80 | -69.39 | -123.64 | -123.69 | -123.74 | -123.79 | -123.83 |
Free Cash Flow | 232.64 | 78.81 | 220.90 | 332.93 | 213.24 | 208.54 | 208.62 | 208.70 | 208.78 | 208.86 |
WACC | ||||||||||
PV LFCF | 202 | 195.73 | 189.66 | 183.78 | 178.08 | |||||
SUM PV LFCF | 949.25 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.24 |
Free cash flow (t + 1) | 213.04 |
Terminal Value | 17,180.34 |
Present Value of Terminal Value | 14,648.46 |
Intrinsic Value
Enterprise Value | 15,597.71 |
---|---|
Net Debt | 2,556.07 |
Equity Value | 13,041.64 |
Shares Outstanding | 120.73 |
Equity Value Per Share | 108.02 |