CHURCHILL DOWNS INC (CHDN) Fundamental Analysis & Valuation

NASDAQ:CHDN • US1714841087

Current stock price

87.83 USD
+2.02 (+2.35%)
At close:
87.83 USD
0 (0%)
After Hours:

This CHDN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. CHDN Profitability Analysis

1.1 Basic Checks

  • In the past year CHDN was profitable.
  • CHDN had a positive operating cash flow in the past year.
  • In the past 5 years CHDN has always been profitable.
  • In the past 5 years CHDN always reported a positive cash flow from operatings.
CHDN Yearly Net Income VS EBIT VS OCF VS FCFCHDN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

1.2 Ratios

  • CHDN has a better Return On Assets (5.07%) than 72.22% of its industry peers.
  • The Return On Equity of CHDN (37.61%) is better than 88.89% of its industry peers.
  • CHDN has a better Return On Invested Capital (8.03%) than 63.49% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CHDN is below the industry average of 10.59%.
  • The 3 year average ROIC (7.65%) for CHDN is below the current ROIC(8.03%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.07%
ROE 37.61%
ROIC 8.03%
ROA(3y)5.63%
ROA(5y)6.47%
ROE(3y)41.14%
ROE(5y)56.86%
ROIC(3y)7.65%
ROIC(5y)7.4%
CHDN Yearly ROA, ROE, ROICCHDN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

1.3 Margins

  • CHDN's Profit Margin of 12.98% is amongst the best of the industry. CHDN outperforms 84.13% of its industry peers.
  • CHDN's Profit Margin has declined in the last couple of years.
  • CHDN's Operating Margin of 25.17% is amongst the best of the industry. CHDN outperforms 89.68% of its industry peers.
  • CHDN's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 34.18%, CHDN is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
  • CHDN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 25.17%
PM (TTM) 12.98%
GM 34.18%
OM growth 3Y4.24%
OM growth 5Y27.51%
PM growth 3Y-18.84%
PM growth 5YN/A
GM growth 3Y2.33%
GM growth 5Y5.29%
CHDN Yearly Profit, Operating, Gross MarginsCHDN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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2

2. CHDN Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CHDN is still creating some value.
  • The number of shares outstanding for CHDN has been reduced compared to 1 year ago.
  • Compared to 5 years ago, CHDN has less shares outstanding
  • Compared to 1 year ago, CHDN has a worse debt to assets ratio.
CHDN Yearly Shares OutstandingCHDN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
CHDN Yearly Total Debt VS Total AssetsCHDN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 1.41, we must say that CHDN is in the distress zone and has some risk of bankruptcy.
  • CHDN's Altman-Z score of 1.41 is in line compared to the rest of the industry. CHDN outperforms 43.65% of its industry peers.
  • CHDN has a debt to FCF ratio of 16.57. This is a negative value and a sign of low solvency as CHDN would need 16.57 years to pay back of all of its debts.
  • The Debt to FCF ratio of CHDN (16.57) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 5.02 is on the high side and indicates that CHDN has dependencies on debt financing.
  • CHDN's Debt to Equity ratio of 5.02 is on the low side compared to the rest of the industry. CHDN is outperformed by 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.02
Debt/FCF 16.57
Altman-Z 1.41
ROIC/WACC1.13
WACC7.13%
CHDN Yearly LT Debt VS Equity VS FCFCHDN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 0.60 indicates that CHDN may have some problems paying its short term obligations.
  • The Current ratio of CHDN (0.60) is worse than 76.98% of its industry peers.
  • A Quick Ratio of 0.59 indicates that CHDN may have some problems paying its short term obligations.
  • CHDN has a Quick ratio of 0.59. This is in the lower half of the industry: CHDN underperforms 74.60% of its industry peers.
Industry RankSector Rank
Current Ratio 0.6
Quick Ratio 0.59
CHDN Yearly Current Assets VS Current LiabilitesCHDN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CHDN Growth Analysis

3.1 Past

  • CHDN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.41%.
  • CHDN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 69.14% yearly.
  • Looking at the last year, CHDN shows a small growth in Revenue. The Revenue has grown by 7.01% in the last year.
  • The Revenue has been growing by 22.65% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)5.41%
EPS 3Y14.92%
EPS 5Y69.14%
EPS Q2Q%5.43%
Revenue 1Y (TTM)7.01%
Revenue growth 3Y17.37%
Revenue growth 5Y22.65%
Sales Q2Q%6.68%

3.2 Future

  • CHDN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.27% yearly.
  • Based on estimates for the next years, CHDN will show a decrease in Revenue. The Revenue will decrease by -4.53% on average per year.
EPS Next Y9.51%
EPS Next 2Y9.57%
EPS Next 3Y8.27%
EPS Next 5YN/A
Revenue Next Year3.83%
Revenue Next 2Y3.7%
Revenue Next 3Y-4.53%
Revenue Next 5YN/A

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 decreasing.
  • 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.
CHDN Yearly Revenue VS EstimatesCHDN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
CHDN Yearly EPS VS EstimatesCHDN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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5

4. CHDN Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.10, the valuation of CHDN can be described as correct.
  • Based on the Price/Earnings ratio, CHDN is valued a bit cheaper than the industry average as 79.37% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.73. CHDN is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 12.87, which indicates a correct valuation of CHDN.
  • Based on the Price/Forward Earnings ratio, CHDN is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of CHDN to the average of the S&P500 Index (23.72), we can say CHDN is valued slightly cheaper.
Industry RankSector Rank
PE 14.1
Fwd PE 12.87
CHDN Price Earnings VS Forward Price EarningsCHDN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 72.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 19.77
EV/EBITDA 11.25
CHDN Per share dataCHDN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of CHDN may justify a higher PE ratio.
PEG (NY)1.48
PEG (5Y)0.2
EPS Next 2Y9.57%
EPS Next 3Y8.27%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. CHDN Dividend Analysis

5.1 Amount

  • CHDN has a yearly dividend return of 0.52%, which is pretty low.
  • In the last 3 months the price of CHDN has falen by -23.47%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • CHDN's Dividend Yield is comparable with the industry average which is at 1.12.
  • Compared to an average S&P500 Dividend Yield of 1.91, CHDN's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.52%

5.2 History

  • On average, the dividend of CHDN grows each year by 7.82%, which is quite nice.
  • CHDN has paid a dividend for at least 10 years, which is a reliable track record.
  • CHDN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.82%
Div Incr Years14
Div Non Decr Years23
CHDN Yearly Dividends per shareCHDN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • CHDN pays out 8.11% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of CHDN is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP8.11%
EPS Next 2Y9.57%
EPS Next 3Y8.27%
CHDN Yearly Income VS Free CF VS DividendCHDN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M
CHDN Dividend Payout.CHDN Dividend Payout, showing the Payout Ratio.CHDN Dividend Payout.PayoutRetained Earnings

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CHDN Fundamentals: All Metrics, Ratios and Statistics

CHURCHILL DOWNS INC

NASDAQ:CHDN (3/19/2026, 8:00:00 PM)

After market: 87.83 0 (0%)

87.83

+2.02 (+2.35%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-25
Earnings (Next)04-21
Inst Owners81.75%
Inst Owner Change3.88%
Ins Owners5.89%
Ins Owner Change2.01%
Market Cap6.12B
Revenue(TTM)2.93B
Net Income(TTM)379.70M
Analysts84.21
Price Target140.99 (60.53%)
Short Float %3.94%
Short Ratio2.72
Dividend
Industry RankSector Rank
Dividend Yield 0.52%
Yearly Dividend0.43
Dividend Growth(5Y)7.82%
DP8.11%
Div Incr Years14
Div Non Decr Years23
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.32%
Min EPS beat(2)-7.96%
Max EPS beat(2)8.6%
EPS beat(4)2
Avg EPS beat(4)1.02%
Min EPS beat(4)-7.96%
Max EPS beat(4)8.6%
EPS beat(8)4
Avg EPS beat(8)3.43%
EPS beat(12)6
Avg EPS beat(12)2.7%
EPS beat(16)9
Avg EPS beat(16)3.4%
Revenue beat(2)0
Avg Revenue beat(2)-0.59%
Min Revenue beat(2)-0.99%
Max Revenue beat(2)-0.19%
Revenue beat(4)0
Avg Revenue beat(4)-0.95%
Min Revenue beat(4)-1.66%
Max Revenue beat(4)-0.19%
Revenue beat(8)2
Avg Revenue beat(8)-0.37%
Revenue beat(12)3
Avg Revenue beat(12)-0.63%
Revenue beat(16)4
Avg Revenue beat(16)-0.71%
PT rev (1m)0%
PT rev (3m)2.44%
EPS NQ rev (1m)-3.85%
EPS NQ rev (3m)11.46%
EPS NY rev (1m)-3.57%
EPS NY rev (3m)0.76%
Revenue NQ rev (1m)-0.3%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.32%
Valuation
Industry RankSector Rank
PE 14.1
Fwd PE 12.87
P/S 2.09
P/FCF 19.77
P/OCF 7.95
P/B 6.06
P/tB N/A
EV/EBITDA 11.25
EPS(TTM)6.23
EY7.09%
EPS(NY)6.82
Fwd EY7.77%
FCF(TTM)4.44
FCFY5.06%
OCF(TTM)11.04
OCFY12.57%
SpS41.98
BVpS14.49
TBVpS-34.52
PEG (NY)1.48
PEG (5Y)0.2
Graham Number45.06
Profitability
Industry RankSector Rank
ROA 5.07%
ROE 37.61%
ROCE 10.91%
ROIC 8.03%
ROICexc 8.28%
ROICexgc 17.3%
OM 25.17%
PM (TTM) 12.98%
GM 34.18%
FCFM 10.58%
ROA(3y)5.63%
ROA(5y)6.47%
ROE(3y)41.14%
ROE(5y)56.86%
ROIC(3y)7.65%
ROIC(5y)7.4%
ROICexc(3y)7.86%
ROICexc(5y)7.78%
ROICexgc(3y)16.7%
ROICexgc(5y)15.42%
ROCE(3y)10.39%
ROCE(5y)10.06%
ROICexgc growth 3Y10.97%
ROICexgc growth 5Y34.55%
ROICexc growth 3Y15.1%
ROICexc growth 5Y25.68%
OM growth 3Y4.24%
OM growth 5Y27.51%
PM growth 3Y-18.84%
PM growth 5YN/A
GM growth 3Y2.33%
GM growth 5Y5.29%
F-Score6
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 5.02
Debt/FCF 16.57
Debt/EBITDA 5.23
Cap/Depr 197.43%
Cap/Sales 15.73%
Interest Coverage 2.5
Cash Conversion 79.4%
Profit Quality 81.54%
Current Ratio 0.6
Quick Ratio 0.59
Altman-Z 1.41
F-Score6
WACC7.13%
ROIC/WACC1.13
Cap/Depr(3y)290.82%
Cap/Depr(5y)272.63%
Cap/Sales(3y)21.07%
Cap/Sales(5y)18.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.41%
EPS 3Y14.92%
EPS 5Y69.14%
EPS Q2Q%5.43%
EPS Next Y9.51%
EPS Next 2Y9.57%
EPS Next 3Y8.27%
EPS Next 5YN/A
Revenue 1Y (TTM)7.01%
Revenue growth 3Y17.37%
Revenue growth 5Y22.65%
Sales Q2Q%6.68%
Revenue Next Year3.83%
Revenue Next 2Y3.7%
Revenue Next 3Y-4.53%
Revenue Next 5YN/A
EBIT growth 1Y5.08%
EBIT growth 3Y22.34%
EBIT growth 5Y56.4%
EBIT Next Year72.84%
EBIT Next 3Y23.39%
EBIT Next 5YN/A
FCF growth 1Y37.17%
FCF growth 3Y57%
FCF growth 5YN/A
OCF growth 1Y-0.38%
OCF growth 3Y12.77%
OCF growth 5Y40.24%

CHURCHILL DOWNS INC / CHDN Fundamental Analysis 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 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.


What are the PE and PB ratios of CHURCHILL DOWNS INC (CHDN) stock?

The Price/Earnings (PE) ratio for CHURCHILL DOWNS INC (CHDN) is 14.1 and the Price/Book (PB) ratio is 6.06.


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 9.51% in the next year.