108.24 USD
-3.28 (-2.94%)
108.24 USD
0 (0%)
CHDN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. CHDN has an excellent profitability rating, but there are concerns on its financial health. CHDN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CHDN was profitable.
In the past year CHDN had a positive cash flow from operations.
CHDN had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CHDN had a positive operating cash flow.
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 70.68% of the companies in the same industry.
CHDN's Return On Equity of 38.69% is amongst the best of the industry. CHDN outperforms 87.22% of its industry peers.
CHDN has a Return On Invested Capital of 8.04%. This is in the better half of the industry: CHDN outperforms 66.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CHDN is below the industry average of 10.34%.
The last Return On Invested Capital (8.04%) for CHDN is above the 3 year average (6.83%), which is a sign of increasing profitability.
| 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
The Profit Margin of CHDN (13.88%) is better than 83.46% of its industry peers.
In the last couple of years the Profit Margin of CHDN has grown nicely.
With an excellent Operating Margin value of 25.14%, CHDN belongs to the best of the industry, outperforming 90.23% of the companies in the same industry.
In the last couple of years the Operating Margin of CHDN has grown nicely.
Looking at the Gross Margin, with a value of 34.10%, CHDN is doing worse than 70.68% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CHDN is destroying value.
CHDN has less shares outstanding than it did 1 year ago.
CHDN has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CHDN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.56, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CHDN (1.56) is comparable to the rest of the industry.
The Debt to FCF ratio of CHDN is 19.26, which is on the high side as it means it would take CHDN, 19.26 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 19.26, CHDN perfoms like the industry average, outperforming 48.87% of the companies in the same industry.
A Debt/Equity ratio of 4.87 is on the high side and indicates that CHDN has dependencies on debt financing.
CHDN has a Debt to Equity ratio of 4.87. This is in the lower half of the industry: CHDN underperforms 60.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.87 | ||
| Debt/FCF | 19.26 | ||
| Altman-Z | 1.56 |
ROIC/WACC0.99
WACC8.1%
2.3 Liquidity
CHDN has a Current 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.
CHDN's Current ratio of 0.57 is on the low side compared to the rest of the industry. CHDN is outperformed by 70.68% 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.
The Quick ratio of CHDN (0.56) is worse than 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.57 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.64% over the past year.
The Earnings Per Share has been growing by 22.64% on average over the past years. This is a very strong growth
Looking at the last year, CHDN shows a small growth in Revenue. The Revenue has grown by 7.97% in the last year.
CHDN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.51% yearly.
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.
CHDN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.77% yearly.
EPS Next Y6.27%
EPS Next 2Y7.08%
EPS Next 3Y7.83%
EPS Next 5Y12.19%
Revenue Next Year6.68%
Revenue Next 2Y5.18%
Revenue Next 3Y4.49%
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.
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
CHDN is valuated rather expensively with a Price/Earnings ratio of 17.51.
Compared to the rest of the industry, the Price/Earnings ratio of CHDN indicates a somewhat cheap valuation: CHDN is cheaper than 74.44% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.19, CHDN is valued a bit cheaper.
A Price/Forward Earnings ratio of 15.97 indicates a correct valuation of CHDN.
Based on the Price/Forward Earnings ratio, CHDN is valued a bit cheaper than the industry average as 74.44% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CHDN to the average of the S&P500 Index (23.92), we can say CHDN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.51 | ||
| Fwd PE | 15.97 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CHDN is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, CHDN is valued a bit cheaper than 64.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.47 | ||
| EV/EBITDA | 13.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CHDN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.79
PEG (5Y)0.77
EPS Next 2Y7.08%
EPS Next 3Y7.83%
5. Dividend
5.1 Amount
With a yearly dividend of 0.39%, CHDN is not a good candidate for dividend investing.
CHDN's Dividend Yield is comparable with the industry average which is at 6.32.
Compared to an average S&P500 Dividend Yield of 1.92, CHDN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.39% |
5.2 History
On average, the dividend of CHDN grows each year by 7.32%, 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)7.32%
Div Incr Years14
Div Non Decr Years23
5.3 Sustainability
7.67% of the earnings are spent on dividend by CHDN. This is a low number and sustainable payout ratio.
The dividend of CHDN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.67%
EPS Next 2Y7.08%
EPS Next 3Y7.83%
108.24
-3.28 (-2.94%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners80.22%
Inst Owner Change-0.13%
Ins Owners5.84%
Ins Owner Change1.85%
Market Cap7.55B
Revenue(TTM)2.88B
Net Income(TTM)400.40M
Analysts84.21
Price Target137.24 (26.79%)
Short Float %4.13%
Short Ratio3.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.39% |
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)-0.29%
PT rev (3m)-2.25%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)-7.05%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-0.31%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-0.38%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.51 | ||
| Fwd PE | 15.97 | ||
| P/S | 2.62 | ||
| P/FCF | 28.47 | ||
| P/OCF | 9.38 | ||
| P/B | 7.29 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.1 |
EPS(TTM)6.18
EY5.71%
EPS(NY)6.78
Fwd EY6.26%
FCF(TTM)3.8
FCFY3.51%
OCF(TTM)11.54
OCFY10.66%
SpS41.36
BVpS14.84
TBVpS-34.18
PEG (NY)2.79
PEG (5Y)0.77
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 | 1.56 |
F-Score6
WACC8.1%
ROIC/WACC0.99
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 Y6.27%
EPS Next 2Y7.08%
EPS Next 3Y7.83%
EPS Next 5Y12.19%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y19.63%
Revenue growth 5Y15.51%
Sales Q2Q%8.67%
Revenue Next Year6.68%
Revenue Next 2Y5.18%
Revenue Next 3Y4.49%
Revenue Next 5Y3.77%
EBIT growth 1Y4.18%
EBIT growth 3Y31.58%
EBIT growth 5Y25.96%
EBIT Next Year67.36%
EBIT Next 3Y21.54%
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 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.
What are the PE and PB ratios of CHURCHILL DOWNS INC (CHDN) stock?
The Price/Earnings (PE) ratio for CHURCHILL DOWNS INC (CHDN) is 17.51 and the Price/Book (PB) ratio is 7.29.
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 6.27% in the next year.