107.69 USD
+1.5 (+1.41%)
107.69 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CHDN. CHDN was compared to 132 industry peers in the Hotels, Restaurants & Leisure industry. CHDN has an excellent profitability rating, but there are concerns on its financial health. CHDN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CHDN had positive earnings in the past year.
CHDN had a positive operating cash flow in the past year.
Of the past 5 years CHDN 4 years were profitable.
In the past 5 years CHDN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.37%, CHDN is in the better half of the industry, outperforming 70.45% of the companies in the same industry.
With an excellent Return On Equity value of 38.69%, CHDN belongs to the best of the industry, outperforming 87.12% 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 65.15% of its industry peers.
CHDN had an Average Return On Invested Capital over the past 3 years of 6.83%. This is below the industry average of 10.41%.
The 3 year average ROIC (6.83%) for CHDN is below the current ROIC(8.04%), indicating increased profibility in the last year.
| 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
CHDN's Profit Margin of 13.88% is amongst the best of the industry. CHDN outperforms 82.58% of its industry peers.
CHDN's Profit Margin has improved in the last couple of years.
CHDN's Operating Margin of 25.14% is amongst the best of the industry. CHDN outperforms 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 71.21% 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) just above the Cost of Capital (WACC), CHDN is creating some value.
CHDN has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CHDN has been reduced compared to 5 years ago.
The debt/assets ratio for CHDN has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.54, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
CHDN has a Altman-Z score (1.54) which is comparable to the rest of the industry.
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 has a Debt to FCF ratio (19.26) which is comparable to the rest of the industry.
CHDN has a Debt/Equity ratio of 4.87. This is a high value indicating a heavy dependency on external financing.
CHDN's Debt to Equity ratio of 4.87 is in line compared to the rest of the industry. CHDN outperforms 40.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.87 | ||
| Debt/FCF | 19.26 | ||
| Altman-Z | 1.54 |
ROIC/WACC1.03
WACC7.8%
2.3 Liquidity
A Current Ratio of 0.57 indicates that CHDN may have some problems paying its short term obligations.
CHDN has a Current ratio of 0.57. This is in the lower half of the industry: CHDN underperforms 70.45% of its industry peers.
CHDN has a Quick 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.
With a Quick ratio value of 0.56, CHDN is not doing good in the industry: 68.18% 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
CHDN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.64%.
CHDN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.77% yearly.
Looking at the last year, CHDN shows a small growth in Revenue. The Revenue has grown by 7.97% in the last 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 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
CHDN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.19% yearly.
CHDN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.77% yearly.
EPS Next Y5.28%
EPS Next 2Y5.65%
EPS Next 3Y6.57%
EPS Next 5Y12.19%
Revenue Next Year6.64%
Revenue Next 2Y5.15%
Revenue Next 3Y4.5%
Revenue Next 5Y3.77%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 17.43 indicates a rather expensive valuation of CHDN.
Compared to the rest of the industry, the Price/Earnings ratio of CHDN indicates a somewhat cheap valuation: CHDN is cheaper than 72.73% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.65. CHDN is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 16.32 indicates a correct valuation of CHDN.
CHDN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CHDN is cheaper than 68.18% of the companies in the same industry.
CHDN is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.45, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.43 | ||
| Fwd PE | 16.32 |
4.2 Price Multiples
CHDN's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CHDN indicates a somewhat cheap valuation: CHDN is cheaper than 60.61% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.33 | ||
| EV/EBITDA | 12.95 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of CHDN may justify a higher PE ratio.
PEG (NY)3.3
PEG (5Y)2.58
EPS Next 2Y5.65%
EPS Next 3Y6.57%
5. Dividend
5.1 Amount
With a yearly dividend of 0.42%, CHDN is not a good candidate for dividend investing.
CHDN's Dividend Yield is comparable with the industry average which is at 6.40.
Compared to an average S&P500 Dividend Yield of 2.41, CHDN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
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
5.3 Sustainability
CHDN pays out 7.67% of its income as dividend. This is a sustainable payout ratio.
CHDN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP7.67%
EPS Next 2Y5.65%
EPS Next 3Y6.57%
107.69
+1.5 (+1.41%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners83.39%
Inst Owner Change-3.2%
Ins Owners5.63%
Ins Owner Change1.81%
Market Cap7.51B
Revenue(TTM)2.88B
Net Income(TTM)400.40M
Analysts84.44
Price Target139.32 (29.37%)
Short Float %3.39%
Short Ratio3.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
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)-0.77%
PT rev (3m)-0.9%
EPS NQ rev (1m)-1.94%
EPS NQ rev (3m)-7.65%
EPS NY rev (1m)0.97%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)-0.6%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.43 | ||
| Fwd PE | 16.32 | ||
| P/S | 2.6 | ||
| P/FCF | 28.33 | ||
| P/OCF | 9.34 | ||
| P/B | 7.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.95 |
EPS(TTM)6.18
EY5.74%
EPS(NY)6.6
Fwd EY6.13%
FCF(TTM)3.8
FCFY3.53%
OCF(TTM)11.54
OCFY10.71%
SpS41.36
BVpS14.84
TBVpS-34.18
PEG (NY)3.3
PEG (5Y)2.58
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 | 1.54 |
F-Score6
WACC7.8%
ROIC/WACC1.03
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 Y5.28%
EPS Next 2Y5.65%
EPS Next 3Y6.57%
EPS Next 5Y12.19%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y19.63%
Revenue growth 5Y15.51%
Sales Q2Q%8.67%
Revenue Next Year6.64%
Revenue Next 2Y5.15%
Revenue Next 3Y4.5%
Revenue Next 5Y3.77%
EBIT growth 1Y4.18%
EBIT growth 3Y31.58%
EBIT growth 5Y25.96%
EBIT Next Year65.59%
EBIT Next 3Y22.03%
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 5.28% 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%.