Churchill Downs Incorporated (BST:CHR)

Churchill Downs Statistics

Total Valuation

Churchill Downs has a market cap or net worth of EUR 5.87 billion. The enterprise value is 10.25 billion.

Market Cap	5.87B
Enterprise Value	10.25B

Important Dates

The last earnings date was Wednesday, October 22, 2025.

Earnings Date	Oct 22, 2025
Ex-Dividend Date	Dec 6, 2024

Share Statistics

Current Share Class	70.12M
Shares Outstanding	n/a
Shares Change (YoY)	-2.01%
Shares Change (QoQ)	-1.80%
Owned by Insiders (%)	3.88%
Owned by Institutions (%)	79.74%
Float	65.82M

Valuation Ratios

The trailing PE ratio is 17.06 and the forward PE ratio is 14.87.

PE Ratio	17.06
Forward PE	14.87
PS Ratio	2.39
PB Ratio	6.38
P/TBV Ratio	n/a
P/FCF Ratio	15.28
P/OCF Ratio	8.56
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 10.63, with an EV/FCF ratio of 26.70.

EV / Earnings	29.81
EV / Sales	4.11
EV / EBITDA	10.63
EV / EBIT	13.69
EV / FCF	26.70

Financial Position

The company has a current ratio of 0.57, with a Debt / Equity ratio of 4.83.

Current Ratio	0.57
Quick Ratio	0.37
Debt / Equity	4.83
Debt / EBITDA	5.35
Debt / FCF	11.57
Interest Coverage	2.46

Financial Efficiency

Return on equity (ROE) is 37.04% and return on invested capital (ROIC) is 7.36%.

Return on Equity (ROE)	37.04%
Return on Assets (ROA)	6.20%
Return on Invested Capital (ROIC)	7.36%
Return on Capital Employed (ROCE)	10.78%
Revenue Per Employee	320,287
Profits Per Employee	44,797
Employee Count	8,870
Asset Turnover	0.39
Inventory Turnover	n/a

Taxes

In the past 12 months, Churchill Downs has paid 114.04 million in taxes.

Income Tax	114.04M
Effective Tax Rate	24.77%

Stock Price Statistics

The stock price has decreased by -25.00% in the last 52 weeks.

Beta (5Y)	n/a
52-Week Price Change	-25.00%
50-Day Moving Average	97.08
200-Day Moving Average	88.53
Relative Strength Index (RSI)	46.18
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)	3.12

Income Statement

In the last 12 months, Churchill Downs had revenue of EUR 2.46 billion and earned 343.82 million in profits. Earnings per share was 4.71.

Revenue	2.46B
Gross Profit	822.98M
Operating Income	618.09M
Pretax Income	460.33M
Net Income	343.82M
EBITDA	800.39M
EBIT	618.09M
Earnings Per Share (EPS)	4.71

Balance Sheet

The company has 153.84 million in cash and 4.44 billion in debt, giving a net cash position of -4.29 billion.

Cash & Cash Equivalents	153.84M
Total Debt	4.44B
Net Cash	-4.29B
Net Cash Per Share	n/a
Equity (Book Value)	919.72M
Book Value Per Share	12.64
Working Capital	-264.47M

Cash Flow

In the last 12 months, operating cash flow was 685.59 million and capital expenditures -301.71 million, giving a free cash flow of 383.88 million.

Operating Cash Flow	685.59M
Capital Expenditures	-301.71M
Free Cash Flow	383.88M
FCF Per Share	n/a

Margins

Gross margin is 33.48%, with operating and profit margins of 25.14% and 13.99%.

Gross Margin	33.48%
Operating Margin	25.14%
Pretax Margin	18.73%
Profit Margin	13.99%
EBITDA Margin	32.56%
EBIT Margin	25.14%
FCF Margin	15.62%

Dividends & Yields

This stock pays an annual dividend of 0.39, which amounts to a dividend yield of 0.40%.

Dividend Per Share	0.39
Dividend Yield	0.40%
Dividend Growth (YoY)	11.09%
Years of Dividend Growth	4
Payout Ratio	7.61%
Buyback Yield	2.01%
Shareholder Yield	2.42%
Earnings Yield	5.86%
FCF Yield	6.54%

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

Altman Z-Score	1.64
Piotroski F-Score	6