Privatwirtschaftliche Gefängnissbetreiber

Kann sich ja jeder mal durch den Kopf gehen lassen diese Rechnung....:

Step 1: Calculate the Replacement Cost of GEO’s facilities: First, I looked up the construction costs of 25 prisons that opened in 2020-21 or are in the planning and development phases. Second, because prisons are different sizes, I determined what the construction cost was on a per bed basis. What I found is that, on average, the construction cost is $220,061 per bed. GEO owns facilities with 55,951 beds. So very simply, the cost to re-construct GEO’s facilities is: 55,951 x $220,061 = $12.3 billion.

Step 2: Calculate Value of GEO: Now that we know the replacement cost of GEO’s facilities, we can calculate the value of the company. To do that, we take the value of the company’s facilities, plus the value of the company’s cash and receivables of $1.1 billion, less all liabilities of $3.4 billion. $12.3 + $1.1 - $3.4 = $10.0 billion. Divide $10.0 billion by 122.4 million of shares outstanding = $81.57 per share.

But aren’t new facilities worth more than older ones? Yes, probably. GEO’s Secure Services facilities were built, on average, in 1998. Also they have been renovated. Rule of thumb is that industrial building values decline at 2.5% per year. And I’ll increase it back up 20% for renovations. That means $81.57 per share for buildings built in 2020 = $50.26 per share for buildings built in 1998 and then renovated.