Churchill Downs Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 6, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	34,110	60,703	48,839	41,807	51,339	39,912
Market Cap Growth	-36.81%	24.29%	16.82%	-18.57%	28.63%	81.69%
Enterprise Value	60,447	90,280	71,125	58,262	60,744	48,085
Last Close Price	24.27	39.40	29.76	27.67	36.11	-
PE Ratio	15.87	23.00	24.12	18.00	36.99	-
PS Ratio	2.22	3.59	4.09	4.37	5.77	7.29
PB Ratio	5.93	8.90	11.26	14.34	30.03	20.94
P/FCF Ratio	14.21	43.49	-	69.80	37.81	-
P/OCF Ratio	7.96	12.70	16.61	14.73	27.46	54.16
EV/Sales Ratio	4.04	5.34	5.95	6.09	6.83	8.79
EV/EBITDA Ratio	10.43	16.46	19.51	21.81	27.22	57.09
EV/EBIT Ratio	13.44	20.83	24.70	27.40	35.44	117.65
EV/FCF Ratio	25.18	64.67	-	97.27	44.74	-
Debt / Equity Ratio	4.83	4.51	5.42	8.35	6.42	4.42
Debt / EBITDA Ratio	5.35	5.42	6.40	9.02	4.85	9.70
Debt / FCF Ratio	11.57	22.04	-	40.65	8.08	-
Asset Turnover	0.39	0.38	0.37	0.39	0.56	0.40
Quick Ratio	0.37	0.40	0.35	0.36	1.01	0.36
Current Ratio	0.57	0.56	0.53	0.55	1.27	0.55
Return on Equity (ROE)	37.04%	42.98%	57.75%	102.39%	73.93%	3.03%
Return on Assets (ROA)	6.20%	6.16%	5.63%	5.47%	6.78%	1.88%
Return on Invested Capital (ROIC)	9.03%	9.13%	8.30%	8.28%	11.42%	4.13%
Return on Capital Employed (ROCE)	10.80%	10.70%	9.60%	7.20%	11.90%	3.50%
Earnings Yield	6.30%	4.35%	4.15%	5.56%	2.70%	-1.07%
FCF Yield	7.04%	2.30%	-0.70%	1.43%	2.65%	-1.20%
Dividend Yield	0.33%	6.42%	6.23%	6.82%	5.15%	-
Payout Ratio	7.61%	6.84%	6.49%	5.92%	9.96%	-
Buyback Yield / Dilution	2.01%	1.97%	1.17%	1.79%	2.24%	1.23%
Total Shareholder Return	2.34%	8.39%	7.40%	8.61%	7.40%	1.23%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.