Churchill Downs Incorporated (BST:CHR)

Churchill Downs Statistics

Total Valuation

Churchill Downs has a market cap or net worth of EUR 6.78 billion. The enterprise value is 10.99 billion.

Market Cap	6.78B
Enterprise Value	10.99B

Important Dates

The last earnings date was Wednesday, July 23, 2025.

Earnings Date	Jul 23, 2025
Ex-Dividend Date	Dec 6, 2024

Share Statistics

Current Share Class	72.23M
Shares Outstanding	n/a
Shares Change (YoY)	-1.60%
Shares Change (QoQ)	-2.82%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	63.11M

Valuation Ratios

The trailing PE ratio is 18.53 and the forward PE ratio is 17.10.

PE Ratio	18.53
Forward PE	17.10
PS Ratio	2.82
PB Ratio	7.49
P/TBV Ratio	n/a
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 11.87, with an EV/FCF ratio of 35.23.

EV / Earnings	30.01
EV / Sales	4.56
EV / EBITDA	11.87
EV / EBIT	15.25
EV / FCF	35.23

Financial Position

The company has a current ratio of 0.60, with a Debt / Equity ratio of 4.79.

Current Ratio	0.60
Quick Ratio	0.39
Debt / Equity	4.79
Debt / EBITDA	5.38
Debt / FCF	13.91
Interest Coverage	2.41

Financial Efficiency

Return on equity (ROE) is 41.05% and return on invested capital (ROIC) is 7.26%.

Return on Equity (ROE)	41.05%
Return on Assets (ROA)	6.07%
Return on Invested Capital (ROIC)	7.26%
Return on Capital Employed (ROCE)	10.69%
Revenue Per Employee	313,940
Profits Per Employee	47,695
Employee Count	8,870
Asset Turnover	0.39
Inventory Turnover	n/a

Taxes

In the past 12 months, Churchill Downs has paid 112.14 million in taxes.

Income Tax	112.14M
Effective Tax Rate	23.31%

Stock Price Statistics

The stock price has decreased by -33.59% in the last 52 weeks.

Beta (5Y)	n/a
52-Week Price Change	-33.59%
50-Day Moving Average	96.67
200-Day Moving Average	88.44
Relative Strength Index (RSI)	40.87
Average Volume (20 Days)	66

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)	2.59

Income Statement

In the last 12 months, Churchill Downs had revenue of EUR 2.41 billion and earned 366.06 million in profits. Earnings per share was 4.95.

Revenue	2.41B
Gross Profit	806.29M
Operating Income	601.16M
Pretax Income	481.10M
Net Income	366.06M
EBITDA	777.42M
EBIT	601.16M
Earnings Per Share (EPS)	4.95

Balance Sheet

The company has 155.31 million in cash and 4.34 billion in debt, giving a net cash position of -4.18 billion.

Cash & Cash Equivalents	155.31M
Total Debt	4.34B
Net Cash	-4.18B
Net Cash Per Share	n/a
Equity (Book Value)	906.08M
Book Value Per Share	12.63
Working Capital	-262.35M

Cash Flow

In the last 12 months, operating cash flow was 669.36 million and capital expenditures -357.46 million, giving a free cash flow of 311.90 million.

Operating Cash Flow	669.36M
Capital Expenditures	-357.46M
Free Cash Flow	311.90M
FCF Per Share	n/a

Margins

Gross margin is 33.46%, with operating and profit margins of 24.95% and 15.22%.

Gross Margin	33.46%
Operating Margin	24.95%
Pretax Margin	19.97%
Profit Margin	15.22%
EBITDA Margin	32.26%
EBIT Margin	24.95%
FCF Margin	12.94%

Dividends & Yields

This stock pays an annual dividend of 0.39, which amounts to a dividend yield of 0.46%.

Dividend Per Share	0.39
Dividend Yield	0.46%
Dividend Growth (YoY)	11.09%
Years of Dividend Growth	4
Payout Ratio	7.10%
Buyback Yield	1.60%
Shareholder Yield	2.05%
Earnings Yield	5.40%
FCF Yield	4.60%

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 1.71 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.71
Piotroski F-Score	6