Churchill Downs Incorporated (BVMF:C2HD34)

Churchill Downs Statistics

Total Valuation

Churchill Downs has a market cap or net worth of BRL 38.24 billion. The enterprise value is 65.32 billion.

Market Cap	38.24B
Enterprise Value	65.32B

Important Dates

The next estimated earnings date is Thursday, February 19, 2026.

Earnings Date	Feb 19, 2026
Ex-Dividend Date	Dec 5, 2024

Share Statistics

Current Share Class	n/a
Shares Outstanding	n/a
Shares Change (YoY)	-2.01%
Shares Change (QoQ)	-1.80%
Owned by Insiders (%)	3.88%
Owned by Institutions (%)	78.05%
Float	65.82M

Valuation Ratios

The trailing PE ratio is 17.79 and the forward PE ratio is 15.66.

PE Ratio	17.79
Forward PE	15.66
PS Ratio	2.49
PB Ratio	6.65
P/TBV Ratio	n/a
P/FCF Ratio	15.93
P/OCF Ratio	8.92
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 10.96, with an EV/FCF ratio of 27.21.

EV / Earnings	30.39
EV / Sales	4.24
EV / EBITDA	10.96
EV / EBIT	14.12
EV / FCF	27.21

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	2.00M
Profits Per Employee	280,115
Employee Count	8,870
Asset Turnover	0.39
Inventory Turnover	n/a

Taxes

In the past 12 months, Churchill Downs has paid 713.07 million in taxes.

Income Tax	713.07M
Effective Tax Rate	24.77%

Stock Price Statistics

The stock price has decreased by -33.92% in the last 52 weeks. The beta is 0.71, so Churchill Downs's price volatility has been lower than the market average.

Beta (5Y)	0.71
52-Week Price Change	-33.92%
50-Day Moving Average	31.21
200-Day Moving Average	n/a
Relative Strength Index (RSI)	44.60
Average Volume (20 Days)	36

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)	3.34

Income Statement

In the last 12 months, Churchill Downs had revenue of BRL 15.37 billion and earned 2.15 billion in profits. Earnings per share was 29.47.

Revenue	15.37B
Gross Profit	5.15B
Operating Income	3.86B
Pretax Income	2.88B
Net Income	2.15B
EBITDA	5.00B
EBIT	3.86B
Earnings Per Share (EPS)	29.47

Balance Sheet

The company has 961.96 million in cash and 27.77 billion in debt, giving a net cash position of -26.80 billion.

Cash & Cash Equivalents	961.96M
Total Debt	27.77B
Net Cash	-26.80B
Net Cash Per Share	n/a
Equity (Book Value)	5.75B
Book Value Per Share	79.02
Working Capital	-1.65B

Cash Flow

In the last 12 months, operating cash flow was 4.29 billion and capital expenditures -1.89 billion, giving a free cash flow of 2.40 billion.

Operating Cash Flow	4.29B
Capital Expenditures	-1.89B
Free Cash Flow	2.40B
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 0.08, which amounts to a dividend yield of 0.32%.

Dividend Per Share	0.08
Dividend Yield	0.32%
Dividend Growth (YoY)	33.45%
Years of Dividend Growth	1
Payout Ratio	7.61%
Buyback Yield	2.01%
Shareholder Yield	2.34%
Earnings Yield	5.62%
FCF Yield	6.28%

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