114.02 USD
+0.1 (+0.09%)
114.02 USD
0 (0%)
CHDN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. CHDN scores excellent on profitability, but there are concerns on its financial health. CHDN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CHDN had positive earnings in the past year.
In the past year CHDN had a positive cash flow from operations.
Of the past 5 years CHDN 4 years were profitable.
Each year in the past 5 years CHDN had a positive operating cash flow.
1.2 Ratios
CHDN's Return On Assets of 5.37% is fine compared to the rest of the industry. CHDN outperforms 69.92% of its industry peers.
Looking at the Return On Equity, with a value of 38.69%, CHDN belongs to the top of the industry, outperforming 87.22% of the companies in the same industry.
CHDN has a Return On Invested Capital of 8.04%. This is in the better half of the industry: CHDN outperforms 65.41% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CHDN is below the industry average of 10.41%.
The last Return On Invested Capital (8.04%) for CHDN is above the 3 year average (6.83%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 38.69% | ||
| ROIC | 8.04% |
ROA(3y)6.3%
ROA(5y)4.84%
ROE(3y)55.16%
ROE(5y)44.87%
ROIC(3y)6.83%
ROIC(5y)6.39%
1.3 Margins
The Profit Margin of CHDN (13.88%) is better than 83.46% of its industry peers.
In the last couple of years the Profit Margin of CHDN has grown nicely.
The Operating Margin of CHDN (25.14%) is better than 90.23% of its industry peers.
CHDN's Operating Margin has improved in the last couple of years.
CHDN's Gross Margin of 34.10% is on the low side compared to the rest of the industry. CHDN is outperformed by 71.43% of its industry peers.
CHDN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.14% | ||
| PM (TTM) | 13.88% | ||
| GM | 34.1% |
OM growth 3Y10%
OM growth 5Y9.05%
PM growth 3Y-0.21%
PM growth 5Y8.43%
GM growth 3Y3.21%
GM growth 5Y1.43%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CHDN is destroying value.
Compared to 1 year ago, CHDN has less shares outstanding
Compared to 5 years ago, CHDN has less shares outstanding
Compared to 1 year ago, CHDN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.60, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
CHDN has a Altman-Z score (1.60) which is in line with its industry peers.
CHDN has a debt to FCF ratio of 19.26. This is a negative value and a sign of low solvency as CHDN would need 19.26 years to pay back of all of its debts.
With a Debt to FCF ratio value of 19.26, CHDN perfoms like the industry average, outperforming 48.87% of the companies in the same industry.
CHDN has a Debt/Equity ratio of 4.87. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 4.87, CHDN is in line with its industry, outperforming 40.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.87 | ||
| Debt/FCF | 19.26 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.99
WACC8.15%
2.3 Liquidity
CHDN has a Current Ratio of 0.57. This is a bad value and indicates that CHDN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of CHDN (0.57) is worse than 70.68% of its industry peers.
A Quick Ratio of 0.56 indicates that CHDN may have some problems paying its short term obligations.
With a Quick ratio value of 0.56, CHDN is not doing good in the industry: 68.42% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.64% over the past year.
The Earnings Per Share has been growing slightly by 6.77% on average over the past years.
The Revenue has been growing slightly by 7.97% in the past year.
CHDN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.51% yearly.
EPS 1Y (TTM)5.64%
EPS 3Y-3.17%
EPS 5Y6.77%
EPS Q2Q%12.37%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y19.63%
Revenue growth 5Y15.51%
Sales Q2Q%8.67%
3.2 Future
Based on estimates for the next years, CHDN will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.19% on average per year.
Based on estimates for the next years, CHDN will show a small growth in Revenue. The Revenue will grow by 3.77% on average per year.
EPS Next Y6.27%
EPS Next 2Y7.08%
EPS Next 3Y7.83%
EPS Next 5Y12.19%
Revenue Next Year6.68%
Revenue Next 2Y5.18%
Revenue Next 3Y4.49%
Revenue Next 5Y3.77%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CHDN is valuated rather expensively with a Price/Earnings ratio of 18.45.
73.68% of the companies in the same industry are more expensive than CHDN, based on the Price/Earnings ratio.
CHDN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.59, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 16.82 indicates a correct valuation of CHDN.
69.17% of the companies in the same industry are more expensive than CHDN, based on the Price/Forward Earnings ratio.
CHDN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.45 | ||
| Fwd PE | 16.82 |
4.2 Price Multiples
CHDN's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, CHDN is valued a bit cheaper than 63.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.99 | ||
| EV/EBITDA | 13.52 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CHDN does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of CHDN may justify a higher PE ratio.
PEG (NY)2.94
PEG (5Y)2.73
EPS Next 2Y7.08%
EPS Next 3Y7.83%
5. Dividend
5.1 Amount
CHDN has a yearly dividend return of 0.38%, which is pretty low.
Compared to an average industry Dividend Yield of 1.52, CHDN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.88, CHDN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
5.2 History
The dividend of CHDN is nicely growing with an annual growth rate of 7.32%!
CHDN has been paying a dividend for at least 10 years, so it has a reliable track record.
CHDN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.32%
Div Incr Years14
Div Non Decr Years23
5.3 Sustainability
7.67% of the earnings are spent on dividend by CHDN. This is a low number and sustainable payout ratio.
CHDN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP7.67%
EPS Next 2Y7.08%
EPS Next 3Y7.83%
114.02
+0.1 (+0.09%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners80.07%
Inst Owner Change-3.19%
Ins Owners5.86%
Ins Owner Change1.81%
Market Cap7.95B
Revenue(TTM)2.88B
Net Income(TTM)400.40M
Analysts84.21
Price Target137.24 (20.36%)
Short Float %3.84%
Short Ratio3.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
Yearly Dividend0.39
Dividend Growth(5Y)7.32%
DP7.67%
Div Incr Years14
Div Non Decr Years23
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.88%
Min EPS beat(2)-0.83%
Max EPS beat(2)8.6%
EPS beat(4)2
Avg EPS beat(4)1.75%
Min EPS beat(4)-5.06%
Max EPS beat(4)8.6%
EPS beat(8)5
Avg EPS beat(8)6.19%
EPS beat(12)6
Avg EPS beat(12)2.19%
EPS beat(16)9
Avg EPS beat(16)3.85%
Revenue beat(2)0
Avg Revenue beat(2)-0.57%
Min Revenue beat(2)-0.94%
Max Revenue beat(2)-0.19%
Revenue beat(4)0
Avg Revenue beat(4)-1.03%
Min Revenue beat(4)-1.66%
Max Revenue beat(4)-0.19%
Revenue beat(8)2
Avg Revenue beat(8)-0.33%
Revenue beat(12)3
Avg Revenue beat(12)-0.6%
Revenue beat(16)4
Avg Revenue beat(16)-0.73%
PT rev (1m)-1.8%
PT rev (3m)-2.25%
EPS NQ rev (1m)-0.05%
EPS NQ rev (3m)-7.39%
EPS NY rev (1m)0.94%
EPS NY rev (3m)-0.31%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-0.47%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.45 | ||
| Fwd PE | 16.82 | ||
| P/S | 2.76 | ||
| P/FCF | 29.99 | ||
| P/OCF | 9.88 | ||
| P/B | 7.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.52 |
EPS(TTM)6.18
EY5.42%
EPS(NY)6.78
Fwd EY5.94%
FCF(TTM)3.8
FCFY3.33%
OCF(TTM)11.54
OCFY10.12%
SpS41.36
BVpS14.84
TBVpS-34.18
PEG (NY)2.94
PEG (5Y)2.73
Graham Number45.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.37% | ||
| ROE | 38.69% | ||
| ROCE | 10.78% | ||
| ROIC | 8.04% | ||
| ROICexc | 8.26% | ||
| ROICexgc | 17.27% | ||
| OM | 25.14% | ||
| PM (TTM) | 13.88% | ||
| GM | 34.1% | ||
| FCFM | 9.19% |
ROA(3y)6.3%
ROA(5y)4.84%
ROE(3y)55.16%
ROE(5y)44.87%
ROIC(3y)6.83%
ROIC(5y)6.39%
ROICexc(3y)7%
ROICexc(5y)6.74%
ROICexgc(3y)15.35%
ROICexgc(5y)12.91%
ROCE(3y)9.16%
ROCE(5y)8.57%
ROICexgc growth 3Y5.55%
ROICexgc growth 5Y7.97%
ROICexc growth 3Y-6.37%
ROICexc growth 5Y1.4%
OM growth 3Y10%
OM growth 5Y9.05%
PM growth 3Y-0.21%
PM growth 5Y8.43%
GM growth 3Y3.21%
GM growth 5Y1.43%
F-Score6
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.87 | ||
| Debt/FCF | 19.26 | ||
| Debt/EBITDA | 5.3 | ||
| Cap/Depr | 237.68% | ||
| Cap/Sales | 18.7% | ||
| Interest Coverage | 2.47 | ||
| Cash Conversion | 84.49% | ||
| Profit Quality | 66.21% | ||
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z | 1.6 |
F-Score6
WACC8.15%
ROIC/WACC0.99
Cap/Depr(3y)358.93%
Cap/Depr(5y)283.57%
Cap/Sales(3y)24.24%
Cap/Sales(5y)20.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.64%
EPS 3Y-3.17%
EPS 5Y6.77%
EPS Q2Q%12.37%
EPS Next Y6.27%
EPS Next 2Y7.08%
EPS Next 3Y7.83%
EPS Next 5Y12.19%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y19.63%
Revenue growth 5Y15.51%
Sales Q2Q%8.67%
Revenue Next Year6.68%
Revenue Next 2Y5.18%
Revenue Next 3Y4.49%
Revenue Next 5Y3.77%
EBIT growth 1Y4.18%
EBIT growth 3Y31.58%
EBIT growth 5Y25.96%
EBIT Next Year67.09%
EBIT Next 3Y21.51%
EBIT Next 5Y15.86%
FCF growth 1Y672.57%
FCF growth 3Y-2.53%
FCF growth 5Y12.31%
OCF growth 1Y31.52%
OCF growth 3Y32.06%
OCF growth 5Y21.69%
CHURCHILL DOWNS INC / CHDN FAQ
Can you provide the ChartMill fundamental rating for CHURCHILL DOWNS INC?
ChartMill assigns a fundamental rating of 5 / 10 to CHDN.
What is the valuation status for CHDN stock?
ChartMill assigns a valuation rating of 4 / 10 to CHURCHILL DOWNS INC (CHDN). This can be considered as Fairly Valued.
Can you provide the profitability details for CHURCHILL DOWNS INC?
CHURCHILL DOWNS INC (CHDN) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for CHDN stock?
The Earnings per Share (EPS) of CHURCHILL DOWNS INC (CHDN) is expected to grow by 6.27% in the next year.
How sustainable is the dividend of CHURCHILL DOWNS INC (CHDN) stock?
The dividend rating of CHURCHILL DOWNS INC (CHDN) is 6 / 10 and the dividend payout ratio is 7.67%.