Added to YB: 2024-06-24
Pitch date: 2024-06-20
GEO [bullish]
The GEO Group, Inc.
+32.62%
current return
Author Info
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Company Info
The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom.
Market Cap
$2.1B
Pitch Price
$12.69
Price Target
30.00 (+78%)
Dividend
N/A
EV/EBITDA
8.24
P/E
9.02
EV/Sales
1.39
Sector
Commercial Services and Supplies
Category
growth
GEO’s Strategic Positioning for Contract Wins and Revenue Growth
GEO: Significant potential for new contract wins, $75M incremental revenue possible. CXW loss frees up ICE budget for GEO. Adelanto outlook improving. $500M EBITDA run rate, $240M FCF to reduce debt. ATD/ISAP contract likely extended to 2026. 184k enrolled, stable to rising. $20-30 fair value range. Asymmetric long.
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