Churchill Downs Incorporated (BST:CHR)

Churchill Downs Statistics

Total Valuation

Churchill Downs has a market cap or net worth of EUR 5.34 billion. The enterprise value is 9.61 billion.

Market Cap	5.34B
Enterprise Value	9.61B

Important Dates

The last earnings date was Wednesday, February 25, 2026.

Earnings Date	Feb 25, 2026
Ex-Dividend Date	Dec 5, 2025

Share Statistics

Current Share Class	69.70M
Shares Outstanding	n/a
Shares Change (YoY)	-3.75%
Shares Change (QoQ)	-0.99%
Owned by Insiders (%)	3.90%
Owned by Institutions (%)	79.72%
Float	65.81M

Valuation Ratios

The trailing PE ratio is 16.37 and the forward PE ratio is 13.29.

PE Ratio	16.37
Forward PE	13.29
PS Ratio	2.14
PB Ratio	5.94
P/TBV Ratio	n/a
P/FCF Ratio	12.67
P/OCF Ratio	8.14
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 10.06, with an EV/FCF ratio of 22.81.

EV / Earnings	29.48
EV / Sales	3.88
EV / EBITDA	10.06
EV / EBIT	12.95
EV / FCF	22.81

Financial Position

The company has a current ratio of 0.60, with a Debt / Equity ratio of 4.92.

Current Ratio	0.60
Quick Ratio	0.42
Debt / Equity	4.92
Debt / EBITDA	5.26
Debt / FCF	10.50
Interest Coverage	2.47

Financial Efficiency

Return on equity (ROE) is 35.71% and return on invested capital (ROIC) is 8.77%.

Return on Equity (ROE)	35.71%
Return on Assets (ROA)	6.24%
Return on Invested Capital (ROIC)	8.77%
Return on Capital Employed (ROCE)	10.91%
Weighted Average Cost of Capital (WACC)	n/a
Revenue Per Employee	324,689
Profits Per Employee	42,502
Employee Count	7,675
Asset Turnover	0.40
Inventory Turnover	n/a

Taxes

In the past 12 months, Churchill Downs has paid 125.11 million in taxes.

Income Tax	125.11M
Effective Tax Rate	27.59%

Stock Price Statistics

The stock price has decreased by -39.20% in the last 52 weeks.

Beta (5Y)	n/a
52-Week Price Change	-39.20%
50-Day Moving Average	86.98
200-Day Moving Average	89.91
Relative Strength Index (RSI)	37.44
Average Volume (20 Days)	n/a

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	3.02

Income Statement

In the last 12 months, Churchill Downs had revenue of EUR 2.49 billion and earned 326.20 million in profits. Earnings per share was 4.54.

Revenue	2.49B
Gross Profit	836.88M
Operating Income	627.19M
Pretax Income	453.45M
Net Income	326.20M
EBITDA	814.82M
EBIT	627.19M
Earnings Per Share (EPS)	4.54

Balance Sheet

The company has 170.85 million in cash and 4.43 billion in debt, with a net cash position of -4.26 billion.

Cash & Cash Equivalents	170.85M
Total Debt	4.43B
Net Cash	-4.26B
Net Cash Per Share	n/a
Equity (Book Value)	899.22M
Book Value Per Share	12.36
Working Capital	-247.08M

Cash Flow

In the last 12 months, operating cash flow was 655.64 million and capital expenditures -234.13 million, giving a free cash flow of 421.51 million.

Operating Cash Flow	655.64M
Capital Expenditures	-234.13M
Free Cash Flow	421.51M
FCF Per Share	n/a

Margins

Gross margin is 33.58%, with operating and profit margins of 25.17% and 13.09%.

Gross Margin	33.58%
Operating Margin	25.17%
Pretax Margin	18.20%
Profit Margin	13.09%
EBITDA Margin	32.70%
EBIT Margin	25.17%
FCF Margin	16.91%

Dividends & Yields

This stock pays an annual dividend of 0.38, which amounts to a dividend yield of 0.46%.

Dividend Per Share	0.38
Dividend Yield	0.46%
Dividend Growth (YoY)	-2.94%
Years of Dividend Growth	n/a
Payout Ratio	8.04%
Buyback Yield	3.75%
Shareholder Yield	4.21%
Earnings Yield	6.11%
FCF Yield	7.89%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on May 22, 2023. It was a forward split with a ratio of 2.

Last Split Date	May 22, 2023
Split Type	Forward
Split Ratio	2

Scores

Churchill Downs has an Altman Z-Score of 1.57 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.57
Piotroski F-Score	6