CHURCHILL DOWNS INC (CHDN) Fundamental Analysis & Valuation

NASDAQ:CHDN • US1714841087

Current stock price

87.98 USD
+2.12 (+2.47%)
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.
  • CHDN had a positive operating cash flow in the past year.
  • CHDN had positive earnings in each of the past 5 years.
  • Each year in the past 5 years CHDN had a positive operating cash flow.
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

  • CHDN's Return On Assets of 5.07% is fine compared to the rest of the industry. CHDN outperforms 71.43% of its industry peers.
  • CHDN's Return On Equity of 37.61% is amongst the best of the industry. CHDN outperforms 87.30% of its industry peers.
  • With a decent Return On Invested Capital value of 8.03%, CHDN is doing good in the industry, outperforming 61.90% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CHDN is below the industry average of 10.68%.
  • 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

  • CHDN's Profit Margin of 12.98% is amongst the best of the industry. CHDN outperforms 83.33% of its industry peers.
  • CHDN's Profit Margin has declined in the last couple of years.
  • CHDN's Operating Margin of 25.17% is amongst the best of the industry. CHDN outperforms 88.89% of its industry peers.
  • CHDN's Operating Margin has improved in the last couple of years.
  • 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.
  • CHDN's Gross Margin has improved in the last couple of years.
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

  • CHDN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
  • CHDN has a worse debt/assets ratio than last year.
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 1.41, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of CHDN (1.41) is comparable to the rest of the 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 (16.57) which is in line with its industry peers.
  • A Debt/Equity ratio of 5.02 is on the high side and indicates that CHDN has dependencies on debt financing.
  • With a Debt to Equity ratio value of 5.02, CHDN is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 5.02
Debt/FCF 16.57
Altman-Z 1.41
ROIC/WACC1.13
WACC7.1%
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.
  • CHDN's Current ratio of 0.60 is on the low side compared to the rest of the industry. CHDN is outperformed by 77.78% of its industry peers.
  • CHDN has a Quick Ratio of 0.60. 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'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.
  • Measured over the past years, CHDN shows a very strong growth in Earnings Per Share. The EPS has been growing by 69.14% on average per year.
  • Looking at the last year, CHDN shows a small growth in Revenue. The Revenue has grown by 7.01% 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)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.
  • The Revenue is expected to decrease by -2.28% on average over the next years.
EPS Next Y9.51%
EPS Next 2Y9.57%
EPS Next 3Y8.27%
EPS Next 5YN/A
Revenue Next Year3.97%
Revenue Next 2Y3.73%
Revenue Next 3Y-2.28%
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

  • CHDN is valuated correctly with a Price/Earnings ratio of 14.12.
  • 80.16% of the companies in the same industry are more expensive than CHDN, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 24.75. CHDN is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 12.90, the valuation of CHDN can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CHDN indicates a somewhat cheap valuation: CHDN is cheaper than 75.40% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, CHDN is valued a bit cheaper.
Industry RankSector Rank
PE 14.12
Fwd PE 12.9
CHDN Price Earnings VS Forward Price EarningsCHDN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as CHDN.
  • CHDN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CHDN is cheaper than 70.63% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.81
EV/EBITDA 11.26
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.
  • CHDN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.49
PEG (5Y)0.2
EPS Next 2Y9.57%
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 0.50%, CHDN is not a good candidate for dividend investing.
  • The stock price of CHDN dropped by -23.30% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • CHDN's Dividend Yield is comparable with the industry average which is at 1.10.
  • Compared to an average S&P500 Dividend Yield of 1.89, CHDN's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.5%

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 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 8.11% of its income as dividend. This is a 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.
DP8.11%
EPS Next 2Y9.57%
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 (3/31/2026, 10:19:44 AM)

87.98

+2.12 (+2.47%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-25
Earnings (Next)04-22
Inst Owners81.75%
Inst Owner Change3.88%
Ins Owners5.89%
Ins Owner Change2.01%
Market Cap6.13B
Revenue(TTM)2.93B
Net Income(TTM)379.70M
Analysts84.21
Price Target138.57 (57.5%)
Short Float %3.69%
Short Ratio2.46
Dividend
Industry RankSector Rank
Dividend Yield 0.5%
Yearly Dividend0.43
Dividend Growth(5Y)7.82%
DP8.11%
Div Incr Years14
Div Non Decr Years23
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)0%
PT rev (3m)2.73%
EPS NQ rev (1m)-3.85%
EPS NQ rev (3m)11.31%
EPS NY rev (1m)-3.57%
EPS NY rev (3m)0.67%
Revenue NQ rev (1m)-0.19%
Revenue NQ rev (3m)-0.15%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)0.42%
Valuation
Industry RankSector Rank
PE 14.12
Fwd PE 12.9
P/S 2.1
P/FCF 19.81
P/OCF 7.97
P/B 6.07
P/tB N/A
EV/EBITDA 11.26
EPS(TTM)6.23
EY7.08%
EPS(NY)6.82
Fwd EY7.75%
FCF(TTM)4.44
FCFY5.05%
OCF(TTM)11.04
OCFY12.55%
SpS41.98
BVpS14.49
TBVpS-34.52
PEG (NY)1.49
PEG (5Y)0.2
Graham Number45.06
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 1.41
F-Score6
WACC7.1%
ROIC/WACC1.13
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 Y9.51%
EPS Next 2Y9.57%
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 2Y3.73%
Revenue Next 3Y-2.28%
Revenue Next 5YN/A
EBIT growth 1Y5.08%
EBIT growth 3Y22.34%
EBIT growth 5Y56.4%
EBIT Next Year72.84%
EBIT Next 3Y23.39%
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.


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 14.12 and the Price/Book (PB) ratio is 6.07.


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 9.51% in the next year.