CoreCivic, Inc. (CXW) vs NLI Holdings, Inc. (NL)

CoreCivic, Inc. and NLI Holdings, Inc. are both Security & Protection Services companies. CoreCivic, Inc. is the larger, with a market value of $3.1B against $330.1M — 9.4× the size. NLI Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; CoreCivic, Inc. trades at 24.1×. CoreCivic, Inc. grew revenue faster over the last twelve months: 24.4% against 5.96%. CoreCivic, Inc. has the higher net margin (5.15% vs −15.8%) and the higher return on invested capital (5.76% vs 3.44%). Across the 21 metrics below, CoreCivic, Inc. leads on 11 and NLI Holdings, Inc. on 10.

Valuation

Metric CXW NL Security & Protection Services median
P/E 24.15 n/m 22.21
P/S 1.22 2.00 1.12
P/B 2.11 0.85 2.11
Price to free cash flow 42.16 39.99 20.05
EV/EBITDA 11.02 11.61 11.50
EV/Sales 1.71 1.33 2.08
Earnings yield 4.14% (7.84%) 2.19%
Free cash flow yield 2.37% 2.50% 2.44%

Profitability

Metric CXW NL Security & Protection Services median
Gross margin 22.58% 32.08% 41.45%
Operating margin 9.88% 9.25% 8.06%
Net margin 5.15% (15.79%) 3.11%
Free cash flow margin 2.90% 5.01% 1.45%
Return on equity 8.77% (6.40%) 5.40%
Return on assets 3.92% (5.14%) 1.07%
Return on invested capital 5.76% 3.44% 2.40%

Growth

Metric CXW NL Security & Protection Services median
Revenue growth (TTM) 24.35% 5.96% 6.22%
EPS growth (last fiscal year) 74.19% (155.80%) 29.52%
Revenue growth, 5-year CAGR 3.02% 6.68% 7.35%
Net income growth, 5-year CAGR 16.56% 0.00% 0.00%

Health

Metric CXW NL Security & Protection Services median
Debt to equity 0.94 0.00 0.20
Current ratio 1.32 9.02 1.93
Net debt to EBITDA 3.16 (7.90) 1.55

Dividend

Metric CXW NL Security & Protection Services median
Dividend yield — 5.88% 1.72%
Payout ratio — — 0.28

Size

Metric CXW NL Security & Protection Services median
Market cap 3.09b 330.07m 394.99m

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