Discounted Cash Flow (DCF) Analysis Levered

Geo Group Inc (GEO)

$ 5.67
-0.1 (-1.73%)

Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 1,522.071,691.621,843.312,179.492,263.422,331.392,477.922,350.102,505.622,671.442,848.233,036.723,237.69
Revenue (%)
Operating Cash Flow 192.19202.54142.16-28.03381.04274.48338.14441.73288.39307.47327.82349.51372.64
Operating Cash Flow (%)
Capital Expenditure -117.57-114.22-117.58-81.56-148.41-195.67-117.24-108.80-153.18-163.32-174.13-185.65-197.94
Capital Expenditure (%)
Free Cash Flow 74.6288.3224.58-109.59232.6478.81220.90332.93135.20144.15153.69163.86174.71

Weighted Average Cost Of Capital

Share price $ 5.67
Beta 0.830
Diluted Shares Outstanding 119.10
Cost of Debt
Tax Rate 8.94
After-tax Cost of Debt 4.55%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.067
Total Debt 2,912.28
Total Equity 675.28
Total Capital 3,587.56
Debt Weighting 81.18
Equity Weighting 18.82
Wacc

Build Up Free Cash Flow

Year
A/P
2013
Actual
2014
Actual
2015
Actual
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 1,522.071,691.621,843.312,179.492,263.422,331.392,477.922,350.102,505.622,671.442,848.233,036.723,237.69
Operating Cash Flow 192.19202.54142.16-28.03381.04274.48338.14441.73288.39307.47327.82349.51372.64
Capital Expenditure -117.57-114.22-117.58-81.56-148.41-195.67-117.24-108.80-153.18-163.32-174.13-185.65-197.94
Free Cash Flow 74.6288.3224.58-109.59232.6478.81220.90332.93135.20144.15153.69163.86174.71
WACC
PV LFCF 128.28129.76131.26132.78134.31
SUM PV LFCF 656.38

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.40
Free cash flow (t + 1) 181.70
Terminal Value 12,978.23
Present Value of Terminal Value 9,977.28

Intrinsic Value

Enterprise Value 10,633.66
Net Debt 2,628.76
Equity Value 8,004.90
Shares Outstanding 119.10
Equity Value Per Share 67.21