117.37 USD
+0.48 (+0.41%)
117.37 USD
0 (0%)
Taking everything into account, CHDN scores 5 out of 10 in our fundamental rating. CHDN was compared to 132 industry peers in the Hotels, Restaurants & Leisure industry. While CHDN belongs to the best of the industry regarding profitability, 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
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
CHDN has a Return On Assets of 5.37%. This is in the better half of the industry: CHDN outperforms 69.70% of its industry peers.
CHDN has a Return On Equity of 38.69%. This is amongst the best in the industry. CHDN outperforms 87.12% of its industry peers.
With a decent Return On Invested Capital value of 8.04%, CHDN is doing good in the industry, outperforming 65.15% 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 10.40%.
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 has a Profit Margin of 13.88%. This is amongst the best in the industry. CHDN outperforms 83.33% of its industry peers.
CHDN's Profit Margin has improved in the last couple of years.
CHDN has a Operating Margin of 25.14%. This is amongst the best in the industry. CHDN outperforms 90.15% of its industry peers.
In the last couple of years the Operating Margin of CHDN has grown nicely.
The Gross Margin of CHDN (34.10%) is worse than 71.97% 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) below the Cost of Capital (WACC), CHDN is destroying value.
Compared to 1 year ago, CHDN has less shares outstanding
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
Based on the Altman-Z score of 1.61, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
CHDN has a Altman-Z score (1.61) which is in line with 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.
The Debt to FCF ratio of CHDN (19.26) is comparable to the rest of the industry.
A Debt/Equity ratio of 4.87 is on the high side and indicates that CHDN has dependencies on debt financing.
CHDN's Debt to Equity ratio of 4.87 is in line compared to the rest of the industry. CHDN outperforms 40.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.87 | ||
| Debt/FCF | 19.26 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.99
WACC8.14%
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 has a Current ratio of 0.57. This is in the lower half of the industry: CHDN underperforms 71.21% 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%.
The Earnings Per Share has been growing slightly by 6.77% on average over the past years.
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
The Earnings Per Share is expected to grow by 12.19% on average over the next years. This is quite good.
CHDN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.77% yearly.
EPS Next Y6.28%
EPS Next 2Y7.04%
EPS Next 3Y7.81%
EPS Next 5Y12.19%
Revenue Next Year6.64%
Revenue Next 2Y5.16%
Revenue Next 3Y4.48%
Revenue Next 5Y3.77%
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 accelerating.
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 18.99, the valuation of CHDN can be described as rather expensive.
Based on the Price/Earnings ratio, CHDN is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.22, CHDN is valued a bit cheaper.
A Price/Forward Earnings ratio of 17.33 indicates a rather expensive valuation of CHDN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CHDN indicates a somewhat cheap valuation: CHDN is cheaper than 66.67% of the companies listed in the same industry.
CHDN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.58.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.99 | ||
| Fwd PE | 17.33 |
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 61.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.87 | ||
| EV/EBITDA | 13.73 |
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.
The decent profitability rating of CHDN may justify a higher PE ratio.
PEG (NY)3.02
PEG (5Y)2.81
EPS Next 2Y7.04%
EPS Next 3Y7.81%
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 1.48.
Compared to an average S&P500 Dividend Yield of 1.87, 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.
The dividend of CHDN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.67%
EPS Next 2Y7.04%
EPS Next 3Y7.81%
117.37
+0.48 (+0.41%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners80.07%
Inst Owner Change-3.19%
Ins Owners5.86%
Ins Owner Change1.81%
Market Cap8.18B
Revenue(TTM)2.88B
Net Income(TTM)400.40M
Analysts84.21
Price Target137.63 (17.26%)
Short Float %3.84%
Short Ratio3.34
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-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)-1.52%
PT rev (3m)-1.97%
EPS NQ rev (1m)4.61%
EPS NQ rev (3m)-7.34%
EPS NY rev (1m)0.95%
EPS NY rev (3m)-0.51%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.99 | ||
| Fwd PE | 17.33 | ||
| P/S | 2.84 | ||
| P/FCF | 30.87 | ||
| P/OCF | 10.17 | ||
| P/B | 7.91 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.73 |
EPS(TTM)6.18
EY5.27%
EPS(NY)6.77
Fwd EY5.77%
FCF(TTM)3.8
FCFY3.24%
OCF(TTM)11.54
OCFY9.83%
SpS41.36
BVpS14.84
TBVpS-34.18
PEG (NY)3.02
PEG (5Y)2.81
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 | 1.61 |
F-Score6
WACC8.14%
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 3Y-3.17%
EPS 5Y6.77%
EPS Q2Q%12.37%
EPS Next Y6.28%
EPS Next 2Y7.04%
EPS Next 3Y7.81%
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 2Y5.16%
Revenue Next 3Y4.48%
Revenue Next 5Y3.77%
EBIT growth 1Y4.18%
EBIT growth 3Y31.58%
EBIT growth 5Y25.96%
EBIT Next Year67.09%
EBIT Next 3Y21.51%
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 6.28% 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%.