CHURCHILL DOWNS INC (CHDN) Fundamental Analysis & Valuation

NASDAQ:CHDN • US1714841087

Current stock price

92.83 USD
-0.08 (-0.09%)
Last:

This CHDN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. CHDN Profitability Analysis

1.1 Basic Checks

  • In the past year CHDN was profitable.
  • In the past year CHDN had a positive cash flow from operations.
  • Each year in the past 5 years CHDN has been profitable.
  • In the past 5 years CHDN always reported a positive cash flow from operatings.
CHDN Yearly Net Income VS EBIT VS OCF VS FCFCHDN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.07%, CHDN is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • With an excellent Return On Equity value of 37.61%, CHDN belongs to the best of the industry, outperforming 87.30% of the companies in the same industry.
  • CHDN's Return On Invested Capital of 8.03% is fine compared to the rest of the industry. CHDN outperforms 61.90% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CHDN is below the industry average of 10.55%.
  • The 3 year average ROIC (7.65%) for CHDN is below the current ROIC(8.03%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.07%
ROE 37.61%
ROIC 8.03%
ROA(3y)5.63%
ROA(5y)6.47%
ROE(3y)41.14%
ROE(5y)56.86%
ROIC(3y)7.65%
ROIC(5y)7.4%
CHDN Yearly ROA, ROE, ROICCHDN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

1.3 Margins

  • The Profit Margin of CHDN (12.98%) is better than 84.13% of its industry peers.
  • CHDN's Profit Margin has declined in the last couple of years.
  • CHDN has a better Operating Margin (25.17%) than 88.89% of its industry peers.
  • In the last couple of years the Operating Margin of CHDN has grown nicely.
  • Looking at the Gross Margin, with a value of 34.18%, CHDN is doing worse than 72.22% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CHDN has grown nicely.
Industry RankSector Rank
OM 25.17%
PM (TTM) 12.98%
GM 34.18%
OM growth 3Y4.24%
OM growth 5Y27.51%
PM growth 3Y-18.84%
PM growth 5YN/A
GM growth 3Y2.33%
GM growth 5Y5.29%
CHDN Yearly Profit, Operating, Gross MarginsCHDN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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2

2. CHDN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CHDN is creating some value.
  • The number of shares outstanding for CHDN has been reduced compared to 1 year ago.
  • The number of shares outstanding for CHDN has been reduced compared to 5 years ago.
  • The debt/assets ratio for CHDN is higher compared to a year ago.
CHDN Yearly Shares OutstandingCHDN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
CHDN Yearly Total Debt VS Total AssetsCHDN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 1.46, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.46, CHDN is in line with its industry, outperforming 43.65% of the companies in the same industry.
  • CHDN has a debt to FCF ratio of 16.57. This is a negative value and a sign of low solvency as CHDN would need 16.57 years to pay back of all of its debts.
  • CHDN has a Debt to FCF ratio of 16.57. This is comparable to the rest of the industry: CHDN outperforms 46.03% of its industry peers.
  • A Debt/Equity ratio of 5.02 is on the high side and indicates that CHDN has dependencies on debt financing.
  • CHDN has a Debt to Equity ratio of 5.02. This is in the lower half of the industry: CHDN underperforms 65.87% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.02
Debt/FCF 16.57
Altman-Z 1.46
ROIC/WACC1.09
WACC7.36%
CHDN Yearly LT Debt VS Equity VS FCFCHDN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 0.60 indicates that CHDN may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.60, CHDN is doing worse than 77.78% of the companies in the same industry.
  • A Quick Ratio of 0.59 indicates that CHDN may have some problems paying its short term obligations.
  • CHDN's Quick ratio of 0.59 is on the low side compared to the rest of the industry. CHDN is outperformed by 75.40% of its industry peers.
Industry RankSector Rank
Current Ratio 0.6
Quick Ratio 0.59
CHDN Yearly Current Assets VS Current LiabilitesCHDN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CHDN Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.41% over the past year.
  • CHDN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 69.14% yearly.
  • The Revenue has been growing slightly by 7.01% in the past year.
  • Measured over the past years, CHDN shows a very strong growth in Revenue. The Revenue has been growing by 22.65% on average per year.
EPS 1Y (TTM)5.41%
EPS 3Y14.92%
EPS 5Y69.14%
EPS Q2Q%5.43%
Revenue 1Y (TTM)7.01%
Revenue growth 3Y17.37%
Revenue growth 5Y22.65%
Sales Q2Q%6.68%

3.2 Future

  • CHDN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.27% yearly.
  • Based on estimates for the next years, CHDN will show a decrease in Revenue. The Revenue will decrease by -0.18% on average per year.
EPS Next Y10%
EPS Next 2Y10.26%
EPS Next 3Y8.27%
EPS Next 5YN/A
Revenue Next Year3.97%
Revenue Next 2Y3.74%
Revenue Next 3Y-0.18%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CHDN Yearly Revenue VS EstimatesCHDN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
CHDN Yearly EPS VS EstimatesCHDN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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6

4. CHDN Valuation Analysis

4.1 Price/Earnings Ratio

  • CHDN is valuated correctly with a Price/Earnings ratio of 14.90.
  • 80.95% 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 27.95, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 13.55, which indicates a correct valuation of CHDN.
  • Based on the Price/Forward Earnings ratio, CHDN is valued cheaper than 81.75% of the companies in the same industry.
  • CHDN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.68.
Industry RankSector Rank
PE 14.9
Fwd PE 13.55
CHDN Price Earnings VS Forward Price EarningsCHDN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 the industry average as 69.84% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 20.9
EV/EBITDA 11.76
CHDN Per share dataCHDN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • CHDN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.49
PEG (5Y)0.22
EPS Next 2Y10.26%
EPS Next 3Y8.27%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. CHDN Dividend Analysis

5.1 Amount

  • CHDN has a yearly dividend return of 0.47%, which is pretty low.
  • CHDN's Dividend Yield is comparable with the industry average which is at 1.04.
  • With a Dividend Yield of 0.47, CHDN pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.47%

5.2 History

  • The dividend of CHDN is nicely growing with an annual growth rate of 7.82%!
  • CHDN has paid a dividend for at least 10 years, which is a reliable track record.
  • CHDN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.82%
Div Incr Years15
Div Non Decr Years24
CHDN Yearly Dividends per shareCHDN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • CHDN pays out 8.11% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of CHDN is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP8.11%
EPS Next 2Y10.26%
EPS Next 3Y8.27%
CHDN Yearly Income VS Free CF VS DividendCHDN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M
CHDN Dividend Payout.CHDN Dividend Payout, showing the Payout Ratio.CHDN Dividend Payout.PayoutRetained Earnings

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CHDN Fundamentals: All Metrics, Ratios and Statistics

CHURCHILL DOWNS INC

NASDAQ:CHDN (4/21/2026, 11:57:24 AM)

92.83

-0.08 (-0.09%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-25
Earnings (Next)04-22
Inst Owners81.67%
Inst Owner Change-0.63%
Ins Owners5.89%
Ins Owner Change2.01%
Market Cap6.47B
Revenue(TTM)2.93B
Net Income(TTM)379.70M
Analysts84.21
Price Target137.81 (48.45%)
Short Float %3.84%
Short Ratio2.55
Dividend
Industry RankSector Rank
Dividend Yield 0.47%
Yearly Dividend0.43
Dividend Growth(5Y)7.82%
DP8.11%
Div Incr Years15
Div Non Decr Years24
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.32%
Min EPS beat(2)-7.96%
Max EPS beat(2)8.6%
EPS beat(4)2
Avg EPS beat(4)1.02%
Min EPS beat(4)-7.96%
Max EPS beat(4)8.6%
EPS beat(8)4
Avg EPS beat(8)3.43%
EPS beat(12)6
Avg EPS beat(12)2.7%
EPS beat(16)9
Avg EPS beat(16)3.4%
Revenue beat(2)0
Avg Revenue beat(2)-0.59%
Min Revenue beat(2)-0.99%
Max Revenue beat(2)-0.19%
Revenue beat(4)0
Avg Revenue beat(4)-0.95%
Min Revenue beat(4)-1.66%
Max Revenue beat(4)-0.19%
Revenue beat(8)2
Avg Revenue beat(8)-0.37%
Revenue beat(12)3
Avg Revenue beat(12)-0.63%
Revenue beat(16)4
Avg Revenue beat(16)-0.71%
PT rev (1m)-2.25%
PT rev (3m)-1.55%
EPS NQ rev (1m)-2.79%
EPS NQ rev (3m)-6.53%
EPS NY rev (1m)0.45%
EPS NY rev (3m)-3.55%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.32%
Valuation
Industry RankSector Rank
PE 14.9
Fwd PE 13.55
P/S 2.21
P/FCF 20.9
P/OCF 8.41
P/B 6.41
P/tB N/A
EV/EBITDA 11.76
EPS(TTM)6.23
EY6.71%
EPS(NY)6.85
Fwd EY7.38%
FCF(TTM)4.44
FCFY4.78%
OCF(TTM)11.04
OCFY11.9%
SpS41.98
BVpS14.49
TBVpS-34.52
PEG (NY)1.49
PEG (5Y)0.22
Graham Number45.0625 (-51.46%)
Profitability
Industry RankSector Rank
ROA 5.07%
ROE 37.61%
ROCE 10.91%
ROIC 8.03%
ROICexc 8.28%
ROICexgc 17.3%
OM 25.17%
PM (TTM) 12.98%
GM 34.18%
FCFM 10.58%
ROA(3y)5.63%
ROA(5y)6.47%
ROE(3y)41.14%
ROE(5y)56.86%
ROIC(3y)7.65%
ROIC(5y)7.4%
ROICexc(3y)7.86%
ROICexc(5y)7.78%
ROICexgc(3y)16.7%
ROICexgc(5y)15.42%
ROCE(3y)10.39%
ROCE(5y)10.06%
ROICexgc growth 3Y10.97%
ROICexgc growth 5Y34.55%
ROICexc growth 3Y15.1%
ROICexc growth 5Y25.68%
OM growth 3Y4.24%
OM growth 5Y27.51%
PM growth 3Y-18.84%
PM growth 5YN/A
GM growth 3Y2.33%
GM growth 5Y5.29%
F-Score6
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 5.02
Debt/FCF 16.57
Debt/EBITDA 5.23
Cap/Depr 197.43%
Cap/Sales 15.73%
Interest Coverage 2.5
Cash Conversion 79.4%
Profit Quality 81.54%
Current Ratio 0.6
Quick Ratio 0.59
Altman-Z 1.46
F-Score6
WACC7.36%
ROIC/WACC1.09
Cap/Depr(3y)290.82%
Cap/Depr(5y)272.63%
Cap/Sales(3y)21.07%
Cap/Sales(5y)18.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.41%
EPS 3Y14.92%
EPS 5Y69.14%
EPS Q2Q%5.43%
EPS Next Y10%
EPS Next 2Y10.26%
EPS Next 3Y8.27%
EPS Next 5YN/A
Revenue 1Y (TTM)7.01%
Revenue growth 3Y17.37%
Revenue growth 5Y22.65%
Sales Q2Q%6.68%
Revenue Next Year3.97%
Revenue Next 2Y3.74%
Revenue Next 3Y-0.18%
Revenue Next 5YN/A
EBIT growth 1Y5.08%
EBIT growth 3Y22.34%
EBIT growth 5Y56.4%
EBIT Next Year72.84%
EBIT Next 3Y23.45%
EBIT Next 5YN/A
FCF growth 1Y37.17%
FCF growth 3Y57%
FCF growth 5YN/A
OCF growth 1Y-0.38%
OCF growth 3Y12.77%
OCF growth 5Y40.24%

CHURCHILL DOWNS INC / CHDN Fundamental Analysis 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 of CHURCHILL DOWNS INC (CHDN) stock?

ChartMill assigns a valuation rating of 5 / 10 to CHURCHILL DOWNS INC (CHDN). This can be considered as Fairly Valued.


What is the profitability of CHDN stock?

CHURCHILL DOWNS INC (CHDN) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for CHDN stock?

The Price/Earnings (PE) ratio for CHURCHILL DOWNS INC (CHDN) is 14.9 and the Price/Book (PB) ratio is 6.41.


Can you provide the dividend sustainability for CHDN stock?

The dividend rating of CHURCHILL DOWNS INC (CHDN) is 5 / 10 and the dividend payout ratio is 8.11%.