Churchill Downs Inc
NASDAQ:CHDN

Watchlist Manager
Churchill Downs Inc Logo
Churchill Downs Inc
NASDAQ:CHDN
Watchlist
Price: 141.87 USD -0.36% Market Closed
Market Cap: 10.4B USD
Have any thoughts about
Churchill Downs Inc?
Write Note

Intrinsic Value

The intrinsic value of one CHDN stock under the Base Case scenario is 170.24 USD. Compared to the current market price of 141.87 USD, Churchill Downs Inc is Undervalued by 17%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

CHDN Intrinsic Value
170.24 USD
Undervaluation 17%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Churchill Downs Inc

Backtest Intrinsic Value
Dive into the past to invest in the future

Uncover deeper insights with the Valuation Backtest. Learn how current stock valuations stack up against historical averages to gauge true investment potential.

Start backtest now and learn if your stock is truly undervalued or overvalued!

Run Backtest
Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

Backtest Example
Register to View Results
Register to View Results

To access the results of this valuation backtest, please register an account with us. Registration is quick and gives you instant access to insights on 3 stocks per week for free.

Backtest Unavailable

The backtest for CHDN cannot be conducted due to limitations such as insufficient data or other constraints. Please select a different stock or adjust your settings.

Backtest In Progress...
Backtest In Progress...
How do you feel about CHDN?
Bearish
Neutral
Bullish

Fundamental Analysis

Company Quality
No Indicators Selected
Select Indicators

Select up to 3 indicators:

Insider Trading
0-3
Months
0-6
Months
0-12
Months
0-36
Months
No Periods Selected
Select Periods

Select up to 2 periods:

Investment Journal
AI Assistant
AI Assistant
Ask me anything about Churchill Downs Inc

Provide an overview of the primary business activities
of Churchill Downs Inc.

What unique competitive advantages
does Churchill Downs Inc hold over its rivals?

What risks and challenges
does Churchill Downs Inc face in the near future?

Has there been any significant insider trading activity
in Churchill Downs Inc recently?

Summarize the latest earnings call
of Churchill Downs Inc.

Is it considered overvalued or undervalued
based on the latest financial data?

Show all valuation multiples
for Churchill Downs Inc.

Provide P/S
for Churchill Downs Inc.

Provide P/E
for Churchill Downs Inc.

Provide P/OCF
for Churchill Downs Inc.

Provide P/FCFE
for Churchill Downs Inc.

Provide P/B
for Churchill Downs Inc.

Provide EV/S
for Churchill Downs Inc.

Provide EV/GP
for Churchill Downs Inc.

Provide EV/EBITDA
for Churchill Downs Inc.

Provide EV/EBIT
for Churchill Downs Inc.

Provide EV/OCF
for Churchill Downs Inc.

Provide EV/FCFF
for Churchill Downs Inc.

Provide EV/IC
for Churchill Downs Inc.

Show me price targets
for Churchill Downs Inc made by professional analysts.

What are the Revenue projections
for Churchill Downs Inc?

How accurate were the past Revenue estimates
for Churchill Downs Inc?

What are the Net Income projections
for Churchill Downs Inc?

How accurate were the past Net Income estimates
for Churchill Downs Inc?

What are the EPS projections
for Churchill Downs Inc?

How accurate were the past EPS estimates
for Churchill Downs Inc?

What are the EBIT projections
for Churchill Downs Inc?

How accurate were the past EBIT estimates
for Churchill Downs Inc?

Compare the revenue forecasts
for Churchill Downs Inc with those of its competitors based on recent analyst estimates.

Compare the intrinsic valuations
of Churchill Downs Inc and its key competitors using the latest financial data.

Compare historical revenue growth rates
of Churchill Downs Inc against its competitors.

Analyze the profit margins
(gross, operating, and net) of Churchill Downs Inc compared to its peers.

Compare the P/E ratios
of Churchill Downs Inc against its peers.

Discuss the investment returns and shareholder value creation
comparing Churchill Downs Inc with its peers.

Analyze the financial leverage
of Churchill Downs Inc compared to its main competitors.

Show all profitability ratios
for Churchill Downs Inc.

Provide ROE
for Churchill Downs Inc.

Provide ROA
for Churchill Downs Inc.

Provide ROIC
for Churchill Downs Inc.

Provide ROCE
for Churchill Downs Inc.

Provide Gross Margin
for Churchill Downs Inc.

Provide Operating Margin
for Churchill Downs Inc.

Provide Net Margin
for Churchill Downs Inc.

Provide FCF Margin
for Churchill Downs Inc.

Show all solvency ratios
for Churchill Downs Inc.

Provide D/E Ratio
for Churchill Downs Inc.

Provide D/A Ratio
for Churchill Downs Inc.

Provide Interest Coverage Ratio
for Churchill Downs Inc.

Provide Altman Z-Score Ratio
for Churchill Downs Inc.

Provide Quick Ratio
for Churchill Downs Inc.

Provide Current Ratio
for Churchill Downs Inc.

Provide Cash Ratio
for Churchill Downs Inc.

What is the historical Revenue growth
over the last 5 years for Churchill Downs Inc?

What is the historical Net Income growth
over the last 5 years for Churchill Downs Inc?

What is the current Free Cash Flow
of Churchill Downs Inc?

Discuss the annual earnings per share (EPS)
trend over the past five years for Churchill Downs Inc.

Business Breakdown

Churchill Downs Inc. (CDI) is a storied American gaming and entertainment company that has become synonymous with thoroughbred horse racing. Established in 1875, CDI is perhaps best known for its iconic Churchill Downs racetrack in Louisville, Kentucky, which hosts the legendary Kentucky Derby, one of the most prestigious horse races in the world. Beyond horse racing, CDI has evolved into a diversified gaming enterprise with interests in wagering and gaming operations across the United States. The company operates multiple racetracks and casinos, and through strategic acquisitions, it has expanded its reach into emerging markets like sports betting and online gaming, positioning itself for g...

Read More
Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Churchill Downs Inc

Current Assets 387.4m
Cash & Short-Term Investments 152.7m
Receivables 93.2m
Other Current Assets 141.5m
Non-Current Assets 6.8B
Long-Term Investments 650.2m
PP&E 2.8B
Intangibles 3.3B
Other Non-Current Assets 17.5m
Current Liabilities 710.1m
Accounts Payable 182.4m
Accrued Liabilities 210.4m
Other Current Liabilities 317.3m
Non-Current Liabilities 5.4B
Long-Term Debt 4.8B
Other Non-Current Liabilities 594.8m
Efficiency

Earnings Waterfall
Churchill Downs Inc

Revenue
2.7B USD
Cost of Revenue
-1.7B USD
Gross Profit
933.6m USD
Operating Expenses
-237.5m USD
Operating Income
696.1m USD
Other Expenses
-285.2m USD
Net Income
410.9m USD

Free Cash Flow Analysis
Churchill Downs Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

CHDN Profitability Score
Profitability Due Diligence

Churchill Downs Inc's profitability score is 64/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
Exceptional ROE
Positive Gross Profit
Exceptional 3-Years Revenue Growth
64/100
Profitability
Score

Churchill Downs Inc's profitability score is 64/100. The higher the profitability score, the more profitable the company is.

CHDN Solvency Score
Solvency Due Diligence

Churchill Downs Inc's solvency score is 21/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Average Altman Z-Score
Short-Term Solvency
Positive Net Debt
21/100
Solvency
Score

Churchill Downs Inc's solvency score is 21/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

CHDN Price Targets Summary
Churchill Downs Inc

Wall Street analysts forecast CHDN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CHDN is 166.28 USD with a low forecast of 152.51 USD and a high forecast of 180.6 USD.

Lowest
Price Target
152.51 USD
7% Upside
Average
Price Target
166.28 USD
17% Upside
Highest
Price Target
180.6 USD
27% Upside
View Analyst Estimates
View Analyst Estimates
Want to learn more about Wall St estimates for CHDN?

Click here to dive deeper.

Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
Very
Unsafe
Unsafe
Safe
Very
Safe
0
25
50
75
100
Previous Payment
-
Today
Next Payment
-
Today
Nov 23, 2024
Previous Payment
-
Next Payment
-
Ex-Dividend Date
-
Shareholder Yield

Current shareholder yield for CHDN is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
Lowest
Average
Highest
Buyback Yield
Lowest
Average
Highest
Debt Paydown Yield
Lowest
Average
Highest

Ownership

CHDN Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

CHDN News

Other Videos

Profile

Churchill Downs Inc Logo
Churchill Downs Inc

Country

United States of America

Industry

Hotels, Restaurants & Leisure

Market Cap

10.4B USD

Dividend Yield

0.27%

Description

Churchill Downs, Inc. operates as a provider of pari-mutuel horse racing, online account wagering on horse racing and casino gaming. The company is headquartered in Louisville, Kentucky and currently employs 5,000 full-time employees. The firm owns and operates three pari-mutuel gaming entertainment venues. The company also owns and operates TwinSpires, which is a wagering platform for horse racing, sports and iGaming in the United States. The company is also an engaged in brick-and-mortar casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals (VLTs) and 200 table games. The company has three segments. The Live and Historical Racing segment includes live and historical pari-mutuel racing at Churchill Downs Racetrack, Derby City Gaming, Oak Grove, Turfway Park, and Newport. The TwinSpires segment includes online horse racing and the online and retail sports betting and iGaming wagering business. The Gaming segment is engaged in the casino properties and associated racetrack or jai alai facilities, which support the casino license as applicable.

Contact

KENTUCKY
Louisville
600 N Hurstbourne Pkwy Ste 400
+15026364400.0
www.churchilldownsincorporated.com

IPO

1993-03-29

Employees

5 000

Officers

CEO & Director
Mr. William C. Carstanjen
President & COO
Mr. William E. Mudd
Executive VP & CFO
Ms. Marcia Ann Dall CPA
Executive VP, General Counsel & Secretary
Mr. Bradley K. Blackwell
Executive Vice President of Gaming Operations
Ms. Maureen Adams
VP & Chief Accounting Officer
Jon E. Rauch
Show More
Senior VP & CTO
Mr. Nate Simon
Vice President of Investor Relations
Sam Ullrich
Vice President of Corporate Communications
Tonya Abeln
Senior Vice President of Corporate Development
Mr. Jason Sauer
Show Less

See Also

Discover More
What is the Intrinsic Value of one CHDN stock?

The intrinsic value of one CHDN stock under the Base Case scenario is 170.24 USD.

Is CHDN stock undervalued or overvalued?

Compared to the current market price of 141.87 USD, Churchill Downs Inc is Undervalued by 17%.

Back to Top