Churchill Downs Incorporated (CHDN)
NASDAQ: CHDN · Real-Time Price · USD
111.23
-1.17 (-1.04%)
At close: Mar 28, 2025, 4:00 PM
102.44
-8.79 (-7.90%)
After-hours: Mar 28, 2025, 4:51 PM EDT

Churchill Downs Statistics

Total Valuation

Churchill Downs has a market cap or net worth of $8.18 billion. The enterprise value is $12.98 billion.

Market Cap 8.18B
Enterprise Value 12.98B

Important Dates

The next confirmed earnings date is Wednesday, April 23, 2025, after market close.

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

Share Statistics

Churchill Downs has 73.55 million shares outstanding. The number of shares has decreased by -1.97% in one year.

Current Share Class 73.55M
Shares Outstanding 73.55M
Shares Change (YoY) -1.97%
Shares Change (QoQ) n/a
Owned by Insiders (%) 3.80%
Owned by Institutions (%) 78.51%
Float 66.55M

Valuation Ratios

The trailing PE ratio is 19.44 and the forward PE ratio is 16.65.

PE Ratio 19.44
Forward PE 16.65
PS Ratio 3.01
Forward PS 2.72
PB Ratio 7.54
P/TBV Ratio n/a
P/FCF Ratio 36.25
P/OCF Ratio 10.59
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 14.63, with an EV/FCF ratio of 57.50.

EV / Earnings 30.41
EV / Sales 4.75
EV / EBITDA 14.63
EV / EBIT 18.52
EV / FCF 57.50

Financial Position

The company has a current ratio of 0.57, with a Debt / Equity ratio of 4.51.

Current Ratio 0.57
Quick Ratio 0.40
Debt / Equity 4.51
Debt / EBITDA 5.42
Debt / FCF 22.04
Interest Coverage 2.42

Financial Efficiency

Return on equity (ROE) is 42.98% and return on invested capital (ROIC) is 7.41%.

Return on Equity (ROE) 42.98%
Return on Assets (ROA) 6.16%
Return on Invested Capital (ROIC) 7.41%
Return on Capital Employed (ROCE) 10.70%
Revenue Per Employee $308,264
Profits Per Employee $48,117
Employee Count 8,870
Asset Turnover 0.38
Inventory Turnover n/a

Taxes

In the past 12 months, Churchill Downs has paid $144.10 million in taxes.

Income Tax 144.10M
Effective Tax Rate 25.14%

Stock Price Statistics

The stock price has decreased by -10.50% in the last 52 weeks. The beta is 0.92, so Churchill Downs's price volatility has been similar to the market average.

Beta (5Y) 0.92
52-Week Price Change -10.50%
50-Day Moving Average 117.82
200-Day Moving Average 132.89
Relative Strength Index (RSI) 42.15
Average Volume (20 Days) 607,005

Short Selling Information

The latest short interest is 1.35 million, so 1.83% of the outstanding shares have been sold short.

Short Interest 1.35M
Short Previous Month 1.24M
Short % of Shares Out 1.83%
Short % of Float 2.02%
Short Ratio (days to cover) 2.32

Income Statement

In the last 12 months, Churchill Downs had revenue of $2.73 billion and earned $426.80 million in profits. Earnings per share was $5.72.

Revenue 2.73B
Gross Profit 938.50M
Operating Income 700.80M
Pretax Income 548.90M
Net Income 426.80M
EBITDA 886.90M
EBIT 700.80M
Earnings Per Share (EPS) $5.72
Full Income Statement

Balance Sheet

The company has $175.50 million in cash and $4.97 billion in debt, giving a net cash position of -$4.80 billion or -$65.23 per share.

Cash & Cash Equivalents 175.50M
Total Debt 4.97B
Net Cash -4.80B
Net Cash Per Share -$65.23
Equity (Book Value) 1.10B
Book Value Per Share 14.74
Working Capital -317.00M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $772.70 million and capital expenditures -$547.00 million, giving a free cash flow of $225.70 million.

Operating Cash Flow 772.70M
Capital Expenditures -547.00M
Free Cash Flow 225.70M
FCF Per Share $3.07
Full Cash Flow Statement

Margins

Gross margin is 34.32%, with operating and profit margins of 25.63% and 15.61%.

Gross Margin 34.32%
Operating Margin 25.63%
Pretax Margin 20.96%
Profit Margin 15.61%
EBITDA Margin 32.44%
EBIT Margin 25.63%
FCF Margin 8.25%

Dividends & Yields

This stock pays an annual dividend of $0.41, which amounts to a dividend yield of 0.37%.

Dividend Per Share $0.41
Dividend Yield 0.37%
Dividend Growth (YoY) 7.07%
Years of Dividend Growth 10
Payout Ratio 7.15%
Buyback Yield 1.97%
Shareholder Yield 2.34%
Earnings Yield 5.22%
FCF Yield 2.76%
Dividend Details

Analyst Forecast

The average price target for Churchill Downs is $160.11, which is 43.95% higher than the current price. The consensus rating is "Strong Buy".

Price Target $160.11
Price Target Difference 43.95%
Analyst Consensus Strong Buy
Analyst Count 9
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on May 22, 2023. It was a forward split with a ratio of 2:1.

Last Split Date May 22, 2023
Split Type Forward
Split Ratio 2:1

Scores

Churchill Downs has an Altman Z-Score of 1.8 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.8
Piotroski F-Score 7