CHURCHILL DOWNS INC (CHDN) Fundamental Analysis & Valuation

NASDAQ:CHDN • US1714841087

Current stock price

100.39 USD
-1.16 (-1.14%)
At close:
100.39 USD
0 (0%)
After Hours:

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

  • CHDN had positive earnings in the past year.
  • CHDN had a positive operating cash flow in the past year.
  • Each year in the past 5 years CHDN has been profitable.
  • CHDN had a positive operating cash flow in each of the past 5 years.
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 5.15%, CHDN is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • The Return On Equity of CHDN (35.15%) is better than 87.30% of its industry peers.
  • CHDN's Return On Invested Capital of 8.25% is fine compared to the rest of the industry. CHDN outperforms 61.90% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CHDN is below the industry average of 10.55%.
  • The last Return On Invested Capital (8.25%) for CHDN is above the 3 year average (7.65%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.15%
ROE 35.15%
ROIC 8.25%
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

  • Looking at the Profit Margin, with a value of 13.07%, CHDN belongs to the top of the industry, outperforming 84.13% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CHDN has declined.
  • CHDN has a Operating Margin of 25.30%. This is amongst the best in the industry. CHDN outperforms 89.68% of its industry peers.
  • In the last couple of years the Operating Margin of CHDN has grown nicely.
  • With a Gross Margin value of 34.44%, CHDN is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
  • CHDN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 25.3%
PM (TTM) 13.07%
GM 34.44%
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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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. CHDN Health Analysis

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
  • Compared to 5 years ago, CHDN has less shares outstanding
  • 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 1.53, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of CHDN (1.53) is comparable to the rest of the industry.
  • The Debt to FCF ratio of CHDN is 13.00, which is on the high side as it means it would take CHDN, 13.00 years of fcf income to pay off all of its debts.
  • CHDN's Debt to FCF ratio of 13.00 is in line compared to the rest of the industry. CHDN outperforms 50.79% of its industry peers.
  • A Debt/Equity ratio of 4.44 is on the high side and indicates that CHDN has dependencies on debt financing.
  • CHDN has a Debt to Equity ratio of 4.44. This is in the lower half of the industry: CHDN underperforms 62.70% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.44
Debt/FCF 13
Altman-Z 1.53
ROIC/WACC1.12
WACC7.35%
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 0.54 indicates that CHDN may have some problems paying its short term obligations.
  • The Current ratio of CHDN (0.54) is worse than 80.16% of its industry peers.
  • CHDN has a Quick Ratio of 0.54. This is a bad value and indicates that CHDN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • CHDN has a Quick ratio of 0.53. This is in the lower half of the industry: CHDN underperforms 76.19% of its industry peers.
Industry RankSector Rank
Current Ratio 0.54
Quick Ratio 0.53
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

  • CHDN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.89%, which is quite good.
  • CHDN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 69.14% yearly.
  • Looking at the last year, CHDN shows a small growth in Revenue. The Revenue has grown by 5.75% in the last year.
  • The Revenue has been growing by 22.65% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)8.89%
EPS 3Y14.92%
EPS 5Y69.14%
EPS Q2Q%13.08%
Revenue 1Y (TTM)5.75%
Revenue growth 3Y17.37%
Revenue growth 5Y22.65%
Sales Q2Q%3.17%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.27% on average over the next years. This is quite good.
  • The Revenue is expected to decrease by -0.18% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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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5

4. CHDN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.76, which indicates a correct valuation of CHDN.
  • Based on the Price/Earnings ratio, CHDN is valued a bit cheaper than 77.78% of the companies in the same industry.
  • CHDN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.35, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 13.25 indicates a correct valuation of CHDN.
  • Based on the Price/Forward Earnings ratio, CHDN is valued a bit cheaper than the industry average as 79.37% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.23, CHDN is valued a bit cheaper.
Industry RankSector Rank
PE 15.76
Fwd PE 13.25
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

  • CHDN's Enterprise Value to EBITDA is on the same level as the industry average.
  • CHDN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CHDN is cheaper than 76.19% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.45
EV/EBITDA 12.11
CHDN Per share dataCHDN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • CHDN's 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)1.58
PEG (5Y)0.23
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

  • With a yearly dividend of 0.43%, CHDN is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.04, CHDN has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, CHDN's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.43%

5.2 History

  • On average, the dividend of CHDN grows each year by 7.82%, which is quite nice.
  • CHDN has been paying a dividend for at least 10 years, so it has 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)7.82%
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

  • 8.23% of the earnings are spent on dividend by CHDN. This is a low number and sustainable payout ratio.
  • CHDN's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP8.23%
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 (4/27/2026, 7:34:06 PM)

After market: 100.39 0 (0%)

100.39

-1.16 (-1.14%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)04-22
Earnings (Next)07-21
Inst Owners81.67%
Inst Owner Change-0.59%
Ins Owners5.89%
Ins Owner Change2.18%
Market Cap7.00B
Revenue(TTM)2.95B
Net Income(TTM)385.20M
Analysts84.21
Price Target137.81 (37.27%)
Short Float %3.84%
Short Ratio2.55
Dividend
Industry RankSector Rank
Dividend Yield 0.43%
Yearly Dividend0.43
Dividend Growth(5Y)7.82%
DP8.23%
Div Incr Years15
Div Non Decr Years24
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.12%
Min EPS beat(2)-7.96%
Max EPS beat(2)18.2%
EPS beat(4)2
Avg EPS beat(4)4.5%
Min EPS beat(4)-7.96%
Max EPS beat(4)18.2%
EPS beat(8)4
Avg EPS beat(8)1.44%
EPS beat(12)6
Avg EPS beat(12)3.61%
EPS beat(16)9
Avg EPS beat(16)3.71%
Revenue beat(2)0
Avg Revenue beat(2)-1.42%
Min Revenue beat(2)-1.85%
Max Revenue beat(2)-0.99%
Revenue beat(4)0
Avg Revenue beat(4)-0.99%
Min Revenue beat(4)-1.85%
Max Revenue beat(4)-0.19%
Revenue beat(8)1
Avg Revenue beat(8)-0.9%
Revenue beat(12)2
Avg Revenue beat(12)-0.97%
Revenue beat(16)3
Avg Revenue beat(16)-1.04%
PT rev (1m)-2.25%
PT rev (3m)-1.55%
EPS NQ rev (1m)3.36%
EPS NQ rev (3m)3.58%
EPS NY rev (1m)0.45%
EPS NY rev (3m)-3.55%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)0.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.26%
Valuation
Industry RankSector Rank
PE 15.76
Fwd PE 13.25
P/S 2.37
P/FCF 18.45
P/OCF 8.55
P/B 6.38
P/tB N/A
EV/EBITDA 12.11
EPS(TTM)6.37
EY6.35%
EPS(NY)7.57
Fwd EY7.54%
FCF(TTM)5.44
FCFY5.42%
OCF(TTM)11.74
OCFY11.69%
SpS42.27
BVpS15.72
TBVpS-33.29
PEG (NY)1.58
PEG (5Y)0.23
Graham Number47.4733 (-52.71%)
Profitability
Industry RankSector Rank
ROA 5.15%
ROE 35.15%
ROCE 11.21%
ROIC 8.25%
ROICexc 8.51%
ROICexgc 18.1%
OM 25.3%
PM (TTM) 13.07%
GM 34.44%
FCFM 12.87%
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-Score7
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 4.44
Debt/FCF 13
Debt/EBITDA 4.99
Cap/Depr 191%
Cap/Sales 14.9%
Interest Coverage 2.54
Cash Conversion 83.9%
Profit Quality 98.44%
Current Ratio 0.54
Quick Ratio 0.53
Altman-Z 1.53
F-Score7
WACC7.35%
ROIC/WACC1.12
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)8.89%
EPS 3Y14.92%
EPS 5Y69.14%
EPS Q2Q%13.08%
EPS Next Y10%
EPS Next 2Y10.26%
EPS Next 3Y8.27%
EPS Next 5YN/A
Revenue 1Y (TTM)5.75%
Revenue growth 3Y17.37%
Revenue growth 5Y22.65%
Sales Q2Q%3.17%
Revenue Next Year3.97%
Revenue Next 2Y3.74%
Revenue Next 3Y-0.18%
Revenue Next 5YN/A
EBIT growth 1Y5.67%
EBIT growth 3Y22.34%
EBIT growth 5Y56.4%
EBIT Next Year72.84%
EBIT Next 3Y23.45%
EBIT Next 5YN/A
FCF growth 1Y826.44%
FCF growth 3Y57%
FCF growth 5YN/A
OCF growth 1Y26.95%
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 15.76 and the Price/Book (PB) ratio is 6.38.


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 8.23%.