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CoreCivic (CoreCivic) Cyclically Adjusted FCF per Share : $2.11 (As of Dec. 2023)


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What is CoreCivic Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

CoreCivic's adjusted free cash flow per share for the three months ended in Dec. 2023 was $-0.031. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $2.11 for the trailing ten years ended in Dec. 2023.

During the past 12 months, CoreCivic's average Cyclically Adjusted FCF Growth Rate was -5.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -1.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 1.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 12.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of CoreCivic was 42.80% per year. The lowest was -198.20% per year. And the median was 1.00% per year.

As of today (2024-04-28), CoreCivic's current stock price is $15.06. CoreCivic's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.11. CoreCivic's Cyclically Adjusted Price-to-FCF of today is 7.14.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CoreCivic was 64.15. The lowest was 2.68. And the median was 11.07.


CoreCivic Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CoreCivic's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CoreCivic Cyclically Adjusted FCF per Share Chart

CoreCivic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 2.19 2.30 2.24 2.11

CoreCivic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.24 2.24 2.20 2.19 2.11

Competitive Comparison of CoreCivic's Cyclically Adjusted FCF per Share

For the Security & Protection Services subindustry, CoreCivic's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CoreCivic's Cyclically Adjusted Price-to-FCF Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CoreCivic's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CoreCivic's Cyclically Adjusted Price-to-FCF falls into.



CoreCivic Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, CoreCivic's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.031/129.4194*129.4194
=-0.031

Current CPI (Dec. 2023) = 129.4194.

CoreCivic Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.341 99.695 0.443
201406 0.391 100.560 0.503
201409 0.721 100.428 0.929
201412 1.007 99.070 1.315
201503 0.333 99.621 0.433
201506 0.319 100.684 0.410
201509 0.391 100.392 0.504
201512 0.447 99.792 0.580
201603 0.902 100.470 1.162
201606 0.574 101.688 0.731
201609 0.541 101.861 0.687
201612 0.377 101.863 0.479
201703 0.650 102.862 0.818
201706 0.599 103.349 0.750
201709 0.543 104.136 0.675
201712 0.466 104.011 0.580
201803 0.740 105.290 0.910
201806 0.436 106.317 0.531
201809 0.548 106.507 0.666
201812 -0.029 105.998 -0.035
201903 0.268 107.251 0.323
201906 0.222 108.070 0.266
201909 0.739 108.329 0.883
201912 0.123 108.420 0.147
202003 0.369 108.902 0.439
202006 0.725 108.767 0.863
202009 0.737 109.815 0.869
202012 0.416 109.897 0.490
202103 0.695 111.754 0.805
202106 -0.282 114.631 -0.318
202109 1.493 115.734 1.670
202112 -0.406 117.630 -0.447
202203 0.710 121.301 0.758
202206 -0.209 125.017 -0.216
202209 0.058 125.227 0.060
202212 0.042 125.222 0.043
202303 0.704 127.348 0.715
202306 0.165 128.729 0.166
202309 0.575 129.860 0.573
202312 -0.031 129.419 -0.031

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


CoreCivic  (NYSE:CXW) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

CoreCivic's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15.06/2.11
=7.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CoreCivic was 64.15. The lowest was 2.68. And the median was 11.07.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


CoreCivic Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of CoreCivic's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


CoreCivic (CoreCivic) Business Description

Industry
Traded in Other Exchanges
Address
5501 Virginia Way, Suite 110, Brentwood, TN, USA, 37027
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Safety segment operates roughly 50 facilities and owns majority of them. The Community segment owns and operates close to 30 residential reentry centers. The Properties segment owns approximately 15 properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the Safety segment. Its customers are federal, state, and local government agencies. Commercial contracts are typically 3-5 years long with multiple renewal options. CoreCivic operated as a Real Estate Investment Trust until January 2021 when it was reorganized as a taxable C Corporation.
Executives
Carter, Cole G. officer: SVP, General Counsel, Secretar 10 BURTON HILLS BLVD., NASHVILLE TN 37215
Anthony L Grande officer: Senior VP, Customer Relations CORRECTIONS CORPORATION OF AMERICA, 10 BURTON HILLS BOULEVARD, NASHVILLE TN 37215
Lucibeth Mayberry officer: SVP, Real Estate 10 BURTON HILLS BLVD, NASHVILLE TN 37215
David Garfinkle officer: Vice President, Finance
Prann John R Jr director
Patrick D. Swindle, officer: EVP, Chief Corrections Officer 10 BURTON HILLS BLVD., NASHVILLE TN 37215
Damon T Hininger officer: Senior VP, Customer Relations CORRECTIONS CORPORATION OF AMERICA, 10 BURTON HILLS BOULEVARD, NASHVILLE TN 37215
Thurgood Jr Marshall director 3000 K STREET N W, SUITE 300, WASHINGTON DC 20007-5116
Harley G. Lappin officer: Chief Corrections Officer 10 BURTON HILLS BLVD, NASHVILLE TN 37215
Mark A Emkes director 425 WINTER ROAD, DELAWARE OH 43015
David K Churchill officer: Chief Human Resources 10 BURTON HILLS BLVD, NASHVILLE TN 37215
Devin Ignatius Murphy director 104 MAIN STREET, SOUTHPORT CT 06890
Charles L Overby director
Kim White officer: SVP, Human Resources 10 BURTON HILLS BLVD, NASHVILLE TN 37215
C Michael Jacobi director C/O KATY INDUSTRIES INC, 765 STRAITS TURNPIKE STE 2000, MIDDLEBURY CT 06762