Churchill Downs Statistics
Total Valuation
CHDN has a market cap or net worth of $10.43 billion. The enterprise value is $15.21 billion.
| Market Cap | 10.43B |
| Enterprise Value | 15.21B |
Important Dates
The last earnings date was Wednesday, October 23, 2024, after market close.
| Earnings Date | Oct 23, 2024 |
| Ex-Dividend Date | Dec 6, 2024 |
Share Statistics
CHDN has 73.50 million shares outstanding. The number of shares has decreased by -2.74% in one year.
| Current Share Class | 73.50M |
| Shares Outstanding | 73.50M |
| Shares Change (YoY) | -2.74% |
| Shares Change (QoQ) | n/a |
| Owned by Insiders (%) | 3.74% |
| Owned by Institutions (%) | 77.83% |
| Float | 66.54M |
Valuation Ratios
The trailing PE ratio is 25.73 and the forward PE ratio is 20.66. CHDN's PEG ratio is 1.58.
| PE Ratio | 25.73 |
| Forward PE | 20.66 |
| PS Ratio | 3.94 |
| Forward PS | 3.46 |
| PB Ratio | 9.51 |
| P/TBV Ratio | n/a |
| P/FCF Ratio | 68.33 |
| P/OCF Ratio | 13.93 |
| PEG Ratio | 1.58 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 17.37, with an EV/FCF ratio of 99.67.
| EV / Earnings | 37.01 |
| EV / Sales | 5.69 |
| EV / EBITDA | 17.37 |
| EV / EBIT | 21.85 |
| EV / FCF | 99.67 |
Financial Position
The company has a current ratio of 0.55, with a Debt / Equity ratio of 4.41.
| Current Ratio | 0.55 |
| Quick Ratio | 0.35 |
| Debt / Equity | 4.41 |
| Debt / EBITDA | 5.39 |
| Debt / FCF | 32.22 |
| Interest Coverage | 2.42 |
Financial Efficiency
Return on equity (ROE) is 41.37% and return on invested capital (ROIC) is 7.47%.
| Return on Equity (ROE) | 41.37% |
| Return on Assets (ROA) | 6.25% |
| Return on Capital (ROIC) | 7.47% |
| Revenue Per Employee | $335,169 |
| Profits Per Employee | $51,556 |
| Employee Count | 7,970 |
| Asset Turnover | 0.38 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, CHDN has paid $139.70 million in taxes.
| Income Tax | 139.70M |
| Effective Tax Rate | 25.21% |
Stock Price Statistics
The stock price has increased by +18.10% in the last 52 weeks. The beta is 0.96, so CHDN's price volatility has been similar to the market average.
| Beta (5Y) | 0.96 |
| 52-Week Price Change | +18.10% |
| 50-Day Moving Average | 139.05 |
| 200-Day Moving Average | 132.99 |
| Relative Strength Index (RSI) | 53.69 |
| Average Volume (20 Days) | 483,155 |
Short Selling Information
The latest short interest is 1.48 million, so 2.01% of the outstanding shares have been sold short.
| Short Interest | 1.48M |
| Short Previous Month | 1.54M |
| Short % of Shares Out | 2.01% |
| Short % of Float | 2.22% |
| Short Ratio (days to cover) | 3.20 |
Income Statement
In the last 12 months, CHDN had revenue of $2.67 billion and earned $410.90 million in profits. Earnings per share was $5.51.
| Revenue | 2.67B |
| Gross Profit | 919.80M |
| Operating Income | 696.10M |
| Pretax Income | 548.90M |
| Net Income | 410.90M |
| EBITDA | 875.80M |
| EBIT | 696.10M |
| Earnings Per Share (EPS) | $5.51 |
Balance Sheet
The company has $152.70 million in cash and $4.92 billion in debt, giving a net cash position of -$4.76 billion or -$64.82 per share.
| Cash & Cash Equivalents | 152.70M |
| Total Debt | 4.92B |
| Net Cash | -4.76B |
| Net Cash Per Share | -$64.82 |
| Equity (Book Value) | 1.11B |
| Book Value Per Share | 14.93 |
| Working Capital | -322.70M |
Cash Flow
In the last 12 months, operating cash flow was $748.60 million and capital expenditures -$596.00 million, giving a free cash flow of $152.60 million.
| Operating Cash Flow | 748.60M |
| Capital Expenditures | -596.00M |
| Free Cash Flow | 152.60M |
| FCF Per Share | $2.08 |
Margins
Gross margin is 34.43%, with operating and profit margins of 26.06% and 15.45%.
| Gross Margin | 34.43% |
| Operating Margin | 26.06% |
| Pretax Margin | 20.74% |
| Profit Margin | 15.45% |
| EBITDA Margin | 32.79% |
| EBIT Margin | 26.06% |
| FCF Margin | 0.70% |
Dividends & Yields
This stock pays an annual dividend of $0.41, which amounts to a dividend yield of 0.29%.
| Dividend Per Share | $0.41 |
| Dividend Yield | 0.29% |
| Dividend Growth (YoY) | 7.07% |
| Years of Dividend Growth | 13 |
| Payout Ratio | 7.42% |
| Buyback Yield | 2.74% |
| Shareholder Yield | 3.03% |
| Earnings Yield | 3.94% |
| FCF Yield | 1.46% |
Analyst Forecast
The average price target for CHDN is $161.38, which is 13.75% higher than the current price. The consensus rating is "Strong Buy".
| Price Target | $161.38 |
| Price Target Difference | 13.75% |
| Analyst Consensus | Strong Buy |
| Analyst Count | 8 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
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
CHDN has an Altman Z-Score of 1.79 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.79 |
| Piotroski F-Score | 5 |