CHURCHILL DOWNS INC (CHDN) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:CHDN • US1714841087

94.99 USD
+1.3 (+1.39%)
Last: Feb 6, 2026, 11:53 AM
Fundamental Rating

5

Overall CHDN gets a fundamental rating of 5 out of 10. We evaluated CHDN against 132 industry peers in the Hotels, Restaurants & Leisure industry. While CHDN belongs to the best of the industry regarding profitability, there are concerns on its financial health. CHDN has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

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.
  • 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 0 200M 400M 600M

1.2 Ratios

  • The Return On Assets of CHDN (5.37%) is better than 71.21% of its industry peers.
  • CHDN has a better Return On Equity (38.69%) than 87.88% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.04%, CHDN is in the better half of the industry, outperforming 65.91% of the companies in the same industry.
  • CHDN had an Average Return On Invested Capital over the past 3 years of 6.83%. This is below the industry average of 10.39%.
  • The 3 year average ROIC (6.83%) for CHDN is below the current ROIC(8.04%), indicating increased profibility in the last year.
Industry RankSector 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%
CHDN Yearly ROA, ROE, ROICCHDN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

1.3 Margins

  • The Profit Margin of CHDN (13.88%) is better than 83.33% of its industry peers.
  • In the last couple of years the Profit Margin of CHDN has grown nicely.
  • CHDN has a better Operating Margin (25.14%) than 90.15% 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 70.45% of its industry peers.
  • In the last couple of years the Gross Margin of CHDN has remained more or less at the same level.
Industry RankSector 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%
CHDN Yearly Profit, Operating, Gross MarginsCHDN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

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2

2. Health

2.1 Basic Checks

  • CHDN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, CHDN has less shares outstanding
  • CHDN has less shares outstanding than it did 5 years ago.
  • CHDN has a better debt/assets ratio than last year.
CHDN Yearly Shares OutstandingCHDN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B

2.2 Solvency

  • CHDN has an Altman-Z score of 1.46. This is a bad value and indicates that CHDN is not financially healthy and even has some risk of bankruptcy.
  • CHDN's Altman-Z score of 1.46 is in line compared to the rest of the industry. CHDN outperforms 48.48% of 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.
  • CHDN's Debt to FCF ratio of 19.26 is in line compared to the rest of the industry. CHDN outperforms 48.48% of its industry peers.
  • A Debt/Equity ratio of 4.87 is on the high side and indicates that CHDN has dependencies on debt financing.
  • The Debt to Equity ratio of CHDN (4.87) is worse than 60.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.87
Debt/FCF 19.26
Altman-Z 1.46
ROIC/WACC1.02
WACC7.89%
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 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.57 indicates that CHDN may have some problems paying its short term obligations.
  • The Current ratio of CHDN (0.57) is worse than 71.21% of its industry peers.
  • A Quick Ratio of 0.56 indicates that CHDN may have some problems paying its short term obligations.
  • CHDN has a Quick ratio of 0.56. This is in the lower half of the industry: CHDN underperforms 69.70% of its industry peers.
Industry RankSector Rank
Current Ratio 0.57
Quick Ratio 0.56
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 200M 400M 600M

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

5

3. Growth

3.1 Past

  • CHDN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.64%.
  • CHDN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.64% yearly.
  • The Revenue has been growing slightly by 7.97% in the past year.
  • The Revenue has been growing by 15.51% on average over the past years. This is quite good.
EPS 1Y (TTM)5.64%
EPS 3Y22%
EPS 5Y22.64%
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.
  • The Revenue is expected to grow by 3.77% on average over the next years.
EPS Next Y8.57%
EPS Next 2Y9.65%
EPS Next 3Y8.57%
EPS Next 5Y12.19%
Revenue Next Year6.79%
Revenue Next 2Y5.27%
Revenue Next 3Y4.61%
Revenue Next 5Y3.77%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 8

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5

4. Valuation

4.1 Price/Earnings Ratio

  • CHDN is valuated correctly with a Price/Earnings ratio of 15.37.
  • 81.06% of the companies in the same industry are more expensive than CHDN, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, CHDN is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 13.37, the valuation of CHDN can be described as correct.
  • CHDN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CHDN is cheaper than 78.79% of the companies in the same industry.
  • CHDN is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.37
Fwd PE 13.37
CHDN Price Earnings VS Forward Price EarningsCHDN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as CHDN.
  • 63.64% of the companies in the same industry are more expensive than CHDN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 24.99
EV/EBITDA 12.04
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.
  • The decent profitability rating of CHDN may justify a higher PE ratio.
PEG (NY)1.79
PEG (5Y)0.68
EPS Next 2Y9.65%
EPS Next 3Y8.57%

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

6

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.45%, CHDN is not a good candidate for dividend investing.
  • CHDN's Dividend Yield is comparable with the industry average which is at 1.26.
  • With a Dividend Yield of 0.45, CHDN pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.45%

5.2 History

  • The dividend of CHDN is nicely growing with an annual growth rate of 7.32%!
  • CHDN has paid a dividend for at least 10 years, which is a reliable track record.
  • CHDN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.32%
Div Incr Years14
Div Non Decr Years23
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 7.67% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of CHDN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.67%
EPS Next 2Y9.65%
EPS Next 3Y8.57%
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 0 100M 200M 300M 400M
CHDN Dividend Payout.CHDN Dividend Payout, showing the Payout Ratio.CHDN Dividend Payout.PayoutRetained Earnings

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CHURCHILL DOWNS INC

NASDAQ:CHDN (2/6/2026, 11:53:31 AM)

94.99

+1.3 (+1.39%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)10-22
Earnings (Next)02-25
Inst Owners80.22%
Inst Owner Change-1.51%
Ins Owners5.84%
Ins Owner Change1.85%
Market Cap6.62B
Revenue(TTM)2.88B
Net Income(TTM)400.40M
Analysts84.21
Price Target139.98 (47.36%)
Short Float %3.35%
Short Ratio3.02
Dividend
Industry RankSector Rank
Dividend Yield 0.45%
Yearly Dividend0.39
Dividend Growth(5Y)7.32%
DP7.67%
Div Incr Years14
Div Non Decr Years23
Ex-DateN/A
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)2%
PT rev (3m)0.17%
EPS NQ rev (1m)11.23%
EPS NQ rev (3m)9.41%
EPS NY rev (1m)2.16%
EPS NY rev (3m)4.12%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)-0.26%
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)0.37%
Valuation
Industry RankSector Rank
PE 15.37
Fwd PE 13.37
P/S 2.3
P/FCF 24.99
P/OCF 8.23
P/B 6.4
P/tB N/A
EV/EBITDA 12.04
EPS(TTM)6.18
EY6.51%
EPS(NY)7.11
Fwd EY7.48%
FCF(TTM)3.8
FCFY4%
OCF(TTM)11.54
OCFY12.14%
SpS41.36
BVpS14.84
TBVpS-34.18
PEG (NY)1.79
PEG (5Y)0.68
Graham Number45.43
Profitability
Industry RankSector 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 RankSector 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 1.46
F-Score6
WACC7.89%
ROIC/WACC1.02
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 3Y22%
EPS 5Y22.64%
EPS Q2Q%12.37%
EPS Next Y8.57%
EPS Next 2Y9.65%
EPS Next 3Y8.57%
EPS Next 5Y12.19%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y19.63%
Revenue growth 5Y15.51%
Sales Q2Q%8.67%
Revenue Next Year6.79%
Revenue Next 2Y5.27%
Revenue Next 3Y4.61%
Revenue Next 5Y3.77%
EBIT growth 1Y4.18%
EBIT growth 3Y31.58%
EBIT growth 5Y25.96%
EBIT Next Year67.5%
EBIT Next 3Y21.57%
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.


Can you provide the valuation status for CHURCHILL DOWNS INC?

ChartMill assigns a valuation rating of 5 / 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.


What are the PE and PB ratios of CHURCHILL DOWNS INC (CHDN) stock?

The Price/Earnings (PE) ratio for CHURCHILL DOWNS INC (CHDN) is 15.37 and the Price/Book (PB) ratio is 6.4.


What is the earnings growth outlook for CHURCHILL DOWNS INC?

The Earnings per Share (EPS) of CHURCHILL DOWNS INC (CHDN) is expected to grow by 8.57% in the next year.