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 $2.8B against $347.2M — 8.0× the size. NLI Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; CoreCivic, Inc. trades at 1.8×. CoreCivic, Inc. grew revenue faster over the last twelve months: 26.9% against 4.32%. CoreCivic, Inc. has the higher net margin (54.6% vs −2.98%) and the higher return on invested capital (6.99% vs 2.60%). Across the 20 metrics below, CoreCivic, Inc. leads on 12 and NLI Holdings, Inc. on 8.

Valuation

Metric CXW NL Security & Protection Services median
P/E 1.84 n/m 22.53
P/S 1.00 1.99 1.17
P/B 1.16 0.84 2.09
Price to free cash flow n/m 34.38 19.49
EV/EBITDA 6.69 11.17 11.17
EV/Sales 1.02 1.33 1.97
Earnings yield 54.49% (1.48%) 3.26%
Free cash flow yield (14.59%) 2.91% 1.46%

Profitability

Metric CXW NL Security & Protection Services median
Gross margin 22.18% 32.50% 38.10%
Operating margin 9.88% 9.80% 9.80%
Net margin 54.60% (2.98%) 2.88%
Free cash flow margin (14.54%) 5.79% 0.00%
Return on equity 77.13% (1.26%) 8.74%
Return on assets 42.58% (1.00%) 1.21%
Return on invested capital 6.99% 2.60% 1.98%

Growth

Metric CXW NL Security & Protection Services median
Revenue growth (TTM) 26.90% 4.32% 7.23%
EPS growth (last fiscal year) 74.19% (155.80%) 35.69%
Revenue growth, 5-year CAGR 3.02% 6.68% 7.09%
Net income growth, 5-year CAGR 16.56% 0.00% 0.00%

Health

Metric CXW NL Security & Protection Services median
Debt to equity 0.27 0.00 0.20
Current ratio 2.41 7.25 1.92
Net debt to EBITDA 3.16 (7.90) 1.55

Dividend

Metric CXW NL Security & Protection Services median
Dividend yield — 5.78% 1.65%
Payout ratio — — 0.28

Size

Metric CXW NL Security & Protection Services median
Market cap 2.79b 347.18m 408.73m

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