CHURCHILL DOWNS INC (CHDN) Stock Fundamental Analysis
USA - NASDAQ:CHDN - US1714841087 - Common Stock
99.43 USD
-0.44 (-0.44%)
99.43 USD
0 (0%)
Overall CHDN gets a fundamental rating of 5 out of 10. We evaluated CHDN against 132 industry peers in the Hotels, Restaurants & Leisure industry. CHDN scores excellent on profitability, but there are concerns on its financial health. CHDN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CHDN was profitable.
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
CHDN has a better Return On Assets (5.37%) than 71.21% of its industry peers.
CHDN has a Return On Equity of 38.69%. This is amongst the best in the industry. CHDN outperforms 85.61% of its industry peers.
CHDN's Return On Invested Capital of 8.04% is fine compared to the rest 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 10.82%.
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 83.33% 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 88.64% of its industry peers.
In the last couple of years the Operating Margin of CHDN has grown nicely.
CHDN has a worse Gross Margin (34.10%) than 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
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 better debt/assets ratio than last year.
2.2 Solvency
CHDN has an Altman-Z score of 1.51. 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 1.51 is in line compared to the rest of the industry. CHDN outperforms 49.24% 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 has a Debt to FCF ratio of 19.26. This is comparable to the rest of the industry: CHDN outperforms 46.21% 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.
Looking at the Debt to Equity ratio, with a value of 4.87, CHDN is in line with its industry, outperforming 40.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.87 | ||
| Debt/FCF | 19.26 | ||
| Altman-Z | 1.51 |
ROIC/WACC1.05
WACC7.65%
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 70.45% 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.
CHDN has a worse Quick ratio (0.56) than 68.94% of its industry peers.
| 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%.
Measured over the past 5 years, CHDN shows a small growth in Earnings Per Share. The EPS has been growing by 6.77% on average per year.
Looking at the last year, CHDN shows a small growth in Revenue. The Revenue has grown by 7.97% in the last year.
Measured over the past years, CHDN shows a quite strong growth in Revenue. The Revenue has been growing by 15.51% on average per year.
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
Based on estimates for the next years, CHDN will show a small growth in Earnings Per Share. The EPS will grow by 6.57% on average per year.
The Revenue is expected to grow by 4.50% on average over the next years.
EPS Next Y5.28%
EPS Next 2Y5.65%
EPS Next 3Y6.57%
EPS Next 5YN/A
Revenue Next Year6.64%
Revenue Next 2Y5.15%
Revenue Next 3Y4.5%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
With a Price/Earnings ratio of 16.09, CHDN is valued correctly.
Based on the Price/Earnings ratio, CHDN is valued a bit cheaper than 75.76% of the companies in the same industry.
CHDN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.35, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 15.07, the valuation of CHDN can be described as correct.
Based on the Price/Forward Earnings ratio, CHDN is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CHDN to the average of the S&P500 Index (33.72), we can say CHDN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.09 | ||
| Fwd PE | 15.07 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CHDN.
61.36% of the companies in the same industry are more expensive than CHDN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.3 | ||
| EV/EBITDA | 12.53 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CHDN does not grow enough to justify the current Price/Earnings ratio.
CHDN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.05
PEG (5Y)2.38
EPS Next 2Y5.65%
EPS Next 3Y6.57%
5. Dividend
5.1 Amount
CHDN has a yearly dividend return of 0.45%, which is pretty low.
CHDN's Dividend Yield is comparable with the industry average which is at 4.34.
Compared to an average S&P500 Dividend Yield of 2.36, CHDN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
5.2 History
On average, the dividend of CHDN grows each year by 7.32%, which is quite nice.
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.
The dividend of CHDN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP7.67%
EPS Next 2Y5.65%
EPS Next 3Y6.57%
99.43
-0.44 (-0.44%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners83.39%
Inst Owner Change-0.05%
Ins Owners5.63%
Ins Owner Change1.81%
Market Cap6.97B
Revenue(TTM)2.88B
Net Income(TTM)400.40M
Analysts84.44
Price Target139.75 (40.55%)
Short Float %3.11%
Short Ratio3.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
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)-0.46%
PT rev (3m)3.46%
EPS NQ rev (1m)-11.42%
EPS NQ rev (3m)-15.47%
EPS NY rev (1m)-1.23%
EPS NY rev (3m)0.8%
Revenue NQ rev (1m)-0.57%
Revenue NQ rev (3m)-0.25%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.09 | ||
| Fwd PE | 15.07 | ||
| P/S | 2.42 | ||
| P/FCF | 26.3 | ||
| P/OCF | 8.67 | ||
| P/B | 6.74 | ||
| P/tB | N/A | ||
| EV/EBITDA | 12.53 |
EPS(TTM)6.18
EY6.22%
EPS(NY)6.6
Fwd EY6.63%
FCF(TTM)3.78
FCFY3.8%
OCF(TTM)11.47
OCFY11.54%
SpS41.13
BVpS14.76
TBVpS-33.99
PEG (NY)3.05
PEG (5Y)2.38
Graham Number45.3
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 | 1.51 |
F-Score6
WACC7.65%
ROIC/WACC1.05
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 5YN/A
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 5YN/A
EBIT growth 1Y4.18%
EBIT growth 3Y31.58%
EBIT growth 5Y25.96%
EBIT Next Year65.59%
EBIT Next 3Y22.03%
EBIT Next 5YN/A
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 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.
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 5 / 10 and the dividend payout ratio is 7.67%.