110.99 USD
+0.16 (+0.14%)
110.99 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. While CHDN has a great profitability rating, there are quite some concerns on its financial health. CHDN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CHDN had positive earnings in the past year.
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
With a decent Return On Assets value of 5.37%, CHDN is doing good in the industry, outperforming 70.45% of the companies in the same industry.
CHDN has a better Return On Equity (38.69%) than 87.12% of its industry peers.
CHDN has a better Return On Invested Capital (8.04%) than 65.15% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CHDN is below the industry average of 10.42%.
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
The Profit Margin of CHDN (13.88%) is better than 82.58% of its industry peers.
In the last couple of years the Profit Margin of CHDN has grown nicely.
CHDN has a better Operating Margin (25.14%) than 90.15% of its industry peers.
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 71.21% 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) just above the Cost of Capital (WACC), CHDN is creating some value.
CHDN has less shares outstanding than it did 1 year ago.
CHDN has less shares outstanding than it did 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 1.57, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.57, CHDN perfoms like the industry average, outperforming 49.24% of the companies in the same 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.
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.
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 | 1.57 |
ROIC/WACC1.01
WACC7.93%
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.
A Quick Ratio of 0.56 indicates that CHDN may have some problems paying its short term obligations.
The Quick ratio of CHDN (0.56) is worse than 68.18% 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.
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.
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.
The Revenue is expected to grow by 3.77% on average over the next years.
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
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.
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 17.96 indicates a rather expensive valuation of CHDN.
71.97% of the companies in the same industry are more expensive than CHDN, based on the Price/Earnings ratio.
CHDN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.15.
Based on the Price/Forward Earnings ratio of 16.82, 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 65.15% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CHDN to the average of the S&P500 Index (36.22), we can say CHDN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.96 | ||
| Fwd PE | 16.82 |
4.2 Price Multiples
CHDN's Enterprise Value to EBITDA is on the same level as the industry average.
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 | 29.19 | ||
| EV/EBITDA | 13.29 |
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)3.4
PEG (5Y)2.65
EPS Next 2Y5.65%
EPS Next 3Y6.57%
5. Dividend
5.1 Amount
With a yearly dividend of 0.40%, CHDN is not a good candidate for dividend investing.
CHDN's Dividend Yield is comparable with the industry average which is at 7.72.
With a Dividend Yield of 0.40, CHDN pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
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.
The dividend of CHDN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.67%
EPS Next 2Y5.65%
EPS Next 3Y6.57%
110.99
+0.16 (+0.14%)
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 Cap7.74B
Revenue(TTM)2.88B
Net Income(TTM)400.40M
Analysts84.44
Price Target139.32 (25.52%)
Short Float %3.3%
Short Ratio3.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
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)-0.3%
PT rev (3m)-0.9%
EPS NQ rev (1m)1.65%
EPS NQ rev (3m)-7.65%
EPS NY rev (1m)0.97%
EPS NY rev (3m)-1.45%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.96 | ||
| Fwd PE | 16.82 | ||
| P/S | 2.68 | ||
| P/FCF | 29.19 | ||
| P/OCF | 9.62 | ||
| P/B | 7.48 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.29 |
EPS(TTM)6.18
EY5.57%
EPS(NY)6.6
Fwd EY5.94%
FCF(TTM)3.8
FCFY3.43%
OCF(TTM)11.54
OCFY10.39%
SpS41.36
BVpS14.84
TBVpS-34.18
PEG (NY)3.4
PEG (5Y)2.65
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 | 1.57 |
F-Score6
WACC7.93%
ROIC/WACC1.01
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 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 6 / 10 and the dividend payout ratio is 7.67%.