108.24 USD
-3.28 (-2.94%)
108.24 USD
0 (0%)
Taking everything into account, CHDN scores 5 out of 10 in our fundamental rating. CHDN was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. While CHDN has a great profitability rating, there are quite some 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.
In the past year CHDN had a positive cash flow from operations.
CHDN had positive earnings in 4 of the past 5 years.
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 69.92% of its industry peers.
CHDN's Return On Equity of 38.69% is amongst the best of the industry. CHDN outperforms 87.22% of its industry peers.
The Return On Invested Capital of CHDN (8.04%) is better than 65.41% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CHDN is below the industry average of 10.39%.
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
CHDN's Profit Margin of 13.88% is amongst the best of the industry. CHDN outperforms 83.46% of its industry peers.
CHDN's Profit Margin has improved in the last couple of years.
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.
CHDN's Operating Margin has improved in the last couple of years.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CHDN is destroying value.
The number of shares outstanding for CHDN has been reduced compared to 1 year ago.
CHDN has less shares outstanding than it did 5 years ago.
CHDN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.58, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
CHDN's Altman-Z score of 1.58 is in line compared to the rest of the industry. CHDN outperforms 47.37% of its industry peers.
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.
CHDN has a Debt to FCF ratio of 19.26. This is comparable to the rest of the industry: CHDN outperforms 48.87% of its industry peers.
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 on the low side compared to the rest of the industry. CHDN is outperformed by 60.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.87 | ||
| Debt/FCF | 19.26 | ||
| Altman-Z | 1.58 |
ROIC/WACC0.99
WACC8.1%
2.3 Liquidity
A Current Ratio of 0.57 indicates that CHDN may have some problems paying its short term obligations.
With a Current ratio value of 0.57, CHDN is not doing good in the industry: 70.68% of the companies in the same industry are doing better.
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.
Looking at the Quick ratio, with a value of 0.56, CHDN is doing worse than 68.42% of the companies in the same industry.
| 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 strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.64% 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 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
The Earnings Per Share is expected to grow by 12.19% on average over the next years. This is quite good.
Based on estimates for the next years, CHDN will show a small growth in Revenue. The Revenue will grow by 3.77% on average per year.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.51, the valuation of CHDN can be described as rather expensive.
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.
CHDN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.19.
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 74.44% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CHDN to the average of the S&P500 Index (23.88), 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 63.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.47 | ||
| EV/EBITDA | 13.34 |
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)2.79
PEG (5Y)0.77
EPS Next 2Y7.08%
EPS Next 3Y7.83%
5. Dividend
5.1 Amount
With a yearly dividend of 0.38%, CHDN is not a good candidate for dividend investing.
CHDN's Dividend Yield is comparable with the industry average which is at 3.69.
Compared to an average S&P500 Dividend Yield of 1.90, CHDN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
5.2 History
The dividend of CHDN is nicely growing with an annual growth rate of 7.32%!
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
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 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 Change0%
Ins Owners5.84%
Ins Owner Change1.56%
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 | 0.38% |
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)-1.5%
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 | 13.34 |
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 | 1.58 |
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.