Churchill Downs Incorporated Logo

Churchill Downs Incorporated

CHDN

(2.2)
Stock Price

140,60 USD

10.51% ROA

49.97% ROE

25.94x PER

Market Cap.

9.281.830.964,00 USD

531.43% DER

0.31% Yield

16.95% NPM

Churchill Downs Incorporated Stock Analysis

Churchill Downs Incorporated Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Churchill Downs Incorporated Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (52.41%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

This stock has a great ability to make a lot of money from the things it owns, which makes it a really good investment for smart investors.

3 Assets Growth

This company's revenue has experienced steady growth over the last five years, indicating a reliable and prosperous financial trajectory.

4 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

5 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (3.978) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

6 PBV

The stock's high Price-to-Book Value (P/BV) ratio (10.65x) suggests it's overvalued, potentially making it an expensive investment.

7 DER

The company has a high debt to equity ratio (541%), which means it owes a lot of money compared to what it actually owns, making it financially risky.

8 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

9 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

10 Graham Number

The Graham number analysis indicates that this company's stock price is likely overpriced, raising concerns about its investment potential.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

Churchill Downs Incorporated Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Churchill Downs Incorporated Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Churchill Downs Incorporated Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Churchill Downs Incorporated Revenue
Year Revenue Growth
1993 55.300.000
1994 65.900.000 16.08%
1995 92.400.000 28.68%
1996 107.900.000 14.37%
1997 118.900.000 9.25%
1998 147.300.000 19.28%
1999 258.400.000 43%
2000 362.016.000 28.62%
2001 427.038.000 15.23%
2002 439.191.000 2.77%
2003 424.233.000 -3.53%
2004 463.113.000 8.4%
2005 408.801.000 -13.29%
2006 376.671.000 -8.53%
2007 410.735.000 8.29%
2008 430.566.000 4.61%
2009 439.701.000 2.08%
2010 585.345.000 24.88%
2011 696.854.000 16%
2012 732.383.000 4.85%
2013 779.325.000 6.02%
2014 812.934.000 4.13%
2015 1.212.301.000 32.94%
2016 1.308.600.000 7.36%
2017 882.600.000 -48.27%
2018 1.009.000.000 12.53%
2019 1.329.700.000 24.12%
2020 1.054.000.000 -26.16%
2021 1.597.200.000 34.01%
2022 1.809.800.000 11.75%
2023 2.290.000.000 20.97%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Churchill Downs Incorporated Research and Development Expenses
Year Research and Development Expenses Growth
1993 0
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 39.399.000 100%
2016 39.000.000 -1.02%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Churchill Downs Incorporated General and Administrative Expenses
Year General and Administrative Expenses Growth
1993 0
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 73.829.000 100%
2013 83.446.000 11.52%
2014 85.114.000 1.96%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Churchill Downs Incorporated EBITDA
Year EBITDA Growth
1993 9.800.000
1994 11.900.000 17.65%
1995 14.200.000 16.2%
1996 16.100.000 11.8%
1997 18.100.000 11.05%
1998 21.900.000 17.35%
1999 43.500.000 49.66%
2000 64.030.000 32.06%
2001 70.037.000 8.58%
2002 71.183.000 1.61%
2003 63.688.000 -11.77%
2004 54.267.000 -17.36%
2005 42.724.000 -27.02%
2006 50.240.000 14.96%
2007 54.477.000 7.78%
2008 62.772.000 13.21%
2009 34.669.000 -81.06%
2010 77.704.000 55.38%
2011 135.535.000 42.67%
2012 144.554.000 6.24%
2013 153.112.000 5.59%
2014 169.012.000 9.41%
2015 281.816.000 40.03%
2016 317.300.000 11.18%
2017 308.800.000 -2.75%
2018 293.400.000 -5.25%
2019 373.600.000 21.47%
2020 204.400.000 -82.78%
2021 560.000.000 63.5%
2022 680.900.000 17.76%
2023 778.400.000 12.53%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Churchill Downs Incorporated Gross Profit
Year Gross Profit Growth
1993 27.400.000
1994 33.000.000 16.97%
1995 23.100.000 -42.86%
1996 25.900.000 10.81%
1997 28.100.000 7.83%
1998 34.000.000 17.35%
1999 62.300.000 45.43%
2000 91.696.000 32.06%
2001 81.400.000 -12.65%
2002 85.495.000 4.79%
2003 78.300.000 -9.19%
2004 79.650.000 1.69%
2005 66.572.000 -19.64%
2006 75.064.000 11.31%
2007 84.331.000 10.99%
2008 86.288.000 2.27%
2009 85.687.000 -0.7%
2010 94.000.000 8.84%
2011 145.539.000 35.41%
2012 163.575.000 11.03%
2013 173.171.000 5.54%
2014 178.902.000 3.2%
2015 289.400.000 38.18%
2016 315.600.000 8.3%
2017 252.800.000 -24.84%
2018 289.600.000 12.71%
2019 343.000.000 15.57%
2020 193.500.000 -77.26%
2021 446.100.000 56.62%
2022 566.400.000 21.24%
2023 656.000.000 13.66%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Churchill Downs Incorporated Net Profit
Year Net Profit Growth
1993 5.900.000
1994 6.200.000 4.84%
1995 6.200.000 0%
1996 8.100.000 23.46%
1997 9.100.000 10.99%
1998 10.500.000 13.33%
1999 15.000.000 30%
2000 19.164.000 21.73%
2001 22.076.000 13.19%
2002 20.969.000 -5.28%
2003 23.999.000 12.63%
2004 9.096.000 -163.84%
2005 78.908.000 88.47%
2006 29.811.000 -164.69%
2007 15.731.000 -89.5%
2008 28.549.000 44.9%
2009 16.828.000 -69.65%
2010 16.353.000 -2.9%
2011 64.355.000 74.59%
2012 58.276.000 -10.43%
2013 54.900.000 -6.15%
2014 46.357.000 -18.43%
2015 65.197.000 28.9%
2016 108.100.000 39.69%
2017 140.500.000 23.06%
2018 352.800.000 60.18%
2019 137.500.000 -156.58%
2020 13.300.000 -933.83%
2021 249.100.000 94.66%
2022 439.400.000 43.31%
2023 244.000.000 -80.08%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Churchill Downs Incorporated Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1993 0
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 1 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 1 0%
2012 1 0%
2013 1 0%
2014 0 0%
2015 1 0%
2016 1 100%
2017 1 0%
2018 4 75%
2019 2 -300%
2020 0 0%
2021 3 100%
2022 6 40%
2023 3 -66.67%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Churchill Downs Incorporated Free Cashflow
Year Free Cashflow Growth
1993 7.300.000
1994 -11.900.000 161.34%
1995 7.900.000 250.63%
1996 12.500.000 36.8%
1997 5.900.000 -111.86%
1998 -10.000.000 159%
1999 -200.700.000 95.02%
2000 4.812.000 4270.82%
2001 33.683.000 85.71%
2002 12.700.000 -165.22%
2003 6.185.000 -105.34%
2004 -28.768.000 121.5%
2005 -44.563.000 35.44%
2006 22.909.000 294.52%
2007 5.593.000 -309.6%
2008 38.084.000 85.31%
2009 -14.143.000 369.28%
2010 -4.845.000 -191.91%
2011 148.261.000 103.27%
2012 100.859.000 -47%
2013 93.494.000 -7.88%
2014 84.883.000 -10.14%
2015 218.766.000 61.2%
2016 169.600.000 -28.99%
2017 101.300.000 -67.42%
2018 48.400.000 -109.3%
2019 126.300.000 61.68%
2020 -92.300.000 236.84%
2021 243.700.000 137.87%
2022 80.000.000 -204.63%
2023 -89.500.000 189.39%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Churchill Downs Incorporated Operating Cashflow
Year Operating Cashflow Growth
1993 8.700.000
1994 11.400.000 23.68%
1995 16.500.000 30.91%
1996 15.100.000 -9.27%
1997 10.500.000 -43.81%
1998 10.800.000 2.78%
1999 39.700.000 72.8%
2000 27.231.000 -45.79%
2001 48.309.000 43.63%
2002 35.423.000 -36.38%
2003 47.040.000 24.7%
2004 48.404.000 2.82%
2005 -1.325.000 3753.13%
2006 69.508.000 101.91%
2007 51.225.000 -35.69%
2008 78.234.000 34.52%
2009 71.047.000 -10.12%
2010 59.857.000 -18.69%
2011 173.178.000 65.44%
2012 144.407.000 -19.92%
2013 144.915.000 0.35%
2014 141.619.000 -2.33%
2015 264.526.000 46.46%
2016 226.800.000 -16.63%
2017 218.200.000 -3.94%
2018 197.800.000 -10.31%
2019 289.600.000 31.7%
2020 141.900.000 -104.09%
2021 335.500.000 57.7%
2022 536.800.000 37.5%
2023 96.200.000 -458%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Churchill Downs Incorporated Capital Expenditure
Year Capital Expenditure Growth
1993 1.400.000
1994 23.300.000 93.99%
1995 8.600.000 -170.93%
1996 2.600.000 -230.77%
1997 4.600.000 43.48%
1998 20.800.000 77.88%
1999 240.400.000 91.35%
2000 22.419.000 -972.3%
2001 14.626.000 -53.28%
2002 22.723.000 35.63%
2003 40.855.000 44.38%
2004 77.172.000 47.06%
2005 43.238.000 -78.48%
2006 46.599.000 7.21%
2007 45.632.000 -2.12%
2008 40.150.000 -13.65%
2009 85.190.000 52.87%
2010 64.702.000 -31.67%
2011 24.917.000 -159.67%
2012 43.548.000 42.78%
2013 51.421.000 15.31%
2014 56.736.000 9.37%
2015 45.760.000 -23.99%
2016 57.200.000 20%
2017 116.900.000 51.07%
2018 149.400.000 21.75%
2019 163.300.000 8.51%
2020 234.200.000 30.27%
2021 91.800.000 -155.12%
2022 456.800.000 79.9%
2023 185.700.000 -145.99%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Churchill Downs Incorporated Equity
Year Equity Growth
1993 37.000.000
1994 42.000.000 11.9%
1995 46.700.000 10.06%
1996 47.800.000 2.3%
1997 53.400.000 10.49%
1998 65.200.000 18.1%
1999 138.100.000 52.79%
2000 202.485.000 31.8%
2001 217.235.000 6.79%
2002 234.997.000 7.56%
2003 254.976.000 7.84%
2004 238.428.000 -6.94%
2005 316.231.000 24.6%
2006 350.079.000 9.67%
2007 367.558.000 4.76%
2008 393.891.000 6.69%
2009 407.022.000 3.23%
2010 506.214.000 19.59%
2011 584.030.000 13.32%
2012 644.295.000 9.35%
2013 704.789.000 8.58%
2014 700.001.000 -0.68%
2015 617.197.000 -13.42%
2016 685.000.000 9.9%
2017 640.300.000 -6.98%
2018 473.300.000 -35.28%
2019 511.000.000 7.38%
2020 367.100.000 -39.2%
2021 306.800.000 -19.65%
2022 551.500.000 44.37%
2023 888.700.000 37.94%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Churchill Downs Incorporated Assets
Year Assets Growth
1993 56.800.000
1994 70.200.000 19.09%
1995 77.500.000 9.42%
1996 80.700.000 3.97%
1997 85.800.000 5.94%
1998 114.700.000 25.2%
1999 398.000.000 71.18%
2000 470.004.000 15.32%
2001 470.715.000 0.15%
2002 469.212.000 -0.32%
2003 505.506.000 7.18%
2004 641.958.000 21.26%
2005 514.542.000 -24.76%
2006 546.328.000 5.82%
2007 624.816.000 12.56%
2008 637.667.000 2.02%
2009 725.402.000 12.09%
2010 1.017.719.000 28.72%
2011 948.022.000 -7.35%
2012 1.114.337.000 14.93%
2013 1.352.261.000 17.59%
2014 2.360.274.000 42.71%
2015 2.277.444.000 -3.64%
2016 2.254.400.000 -1.02%
2017 2.359.400.000 4.45%
2018 1.725.200.000 -36.76%
2019 2.551.000.000 32.37%
2020 2.686.400.000 5.04%
2021 2.981.600.000 9.9%
2022 6.206.800.000 51.96%
2023 6.750.500.000 8.05%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Churchill Downs Incorporated Liabilities
Year Liabilities Growth
1993 19.800.000
1994 28.100.000 29.54%
1995 30.800.000 8.77%
1996 32.900.000 6.38%
1997 32.400.000 -1.54%
1998 49.500.000 34.55%
1999 259.900.000 80.95%
2000 267.519.000 2.85%
2001 253.480.000 -5.54%
2002 234.215.000 -8.23%
2003 250.530.000 6.51%
2004 403.530.000 37.92%
2005 198.311.000 -103.48%
2006 196.249.000 -1.05%
2007 257.258.000 23.72%
2008 243.776.000 -5.53%
2009 318.380.000 23.43%
2010 511.505.000 37.76%
2011 363.992.000 -40.53%
2012 470.042.000 22.56%
2013 647.472.000 27.4%
2014 1.660.273.000 61%
2015 1.660.247.000 -0%
2016 1.569.400.000 -5.79%
2017 1.719.100.000 8.71%
2018 1.251.900.000 -37.32%
2019 2.040.000.000 38.63%
2020 2.319.300.000 12.04%
2021 2.674.800.000 13.29%
2022 5.655.300.000 52.7%
2023 5.861.800.000 3.52%

Churchill Downs Incorporated Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
31.66
Net Income per Share
4.8
Price to Earning Ratio
25.94x
Price To Sales Ratio
3.9x
POCF Ratio
15.3
PFCF Ratio
-200.47
Price to Book Ratio
10.53
EV to Sales
5.83
EV Over EBITDA
16.39
EV to Operating CashFlow
22.69
EV to FreeCashFlow
-299.67
Earnings Yield
0.04
FreeCashFlow Yield
-0
Market Cap
9,28 Bil.
Enterprise Value
13,87 Bil.
Graham Number
35.71
Graham NetNet
-74.72

Income Statement Metrics

Net Income per Share
4.8
Income Quality
1.7
ROE
0.48
Return On Assets
0.06
Return On Capital Employed
0.09
Net Income per EBT
0.74
EBT Per Ebit
1
Ebit per Revenue
0.23
Effective Tax Rate
0.26

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.01
Gross Profit Margin
0.32
Operating Profit Margin
0.23
Pretax Profit Margin
0.23
Net Profit Margin
0.17

Dividends

Dividend Yield
0
Dividend Yield %
0.31
Payout Ratio
0.08
Dividend Per Share
0.38

Operating Metrics

Operating Cashflow per Share
8.13
Free CashFlow per Share
-0.62
Capex to Operating CashFlow
-1.08
Capex to Revenue
-0.28
Capex to Depreciation
-4.04
Return on Invested Capital
0.07
Return on Tangible Assets
0.11
Days Sales Outstanding
16.57
Days Payables Outstanding
38.2
Days of Inventory on Hand
14.31
Receivables Turnover
22.02
Payables Turnover
9.55
Inventory Turnover
25.51
Capex per Share
-8.75

Balance Sheet

Cash per Share
1,73
Book Value per Share
11,82
Tangible Book Value per Share
-32.29
Shareholders Equity per Share
11.82
Interest Debt per Share
66.16
Debt to Equity
5.31
Debt to Assets
0.7
Net Debt to EBITDA
5.43
Current Ratio
0.55
Tangible Asset Value
-2,43 Bil.
Net Current Asset Value
-5,49 Bil.
Invested Capital
5.31
Working Capital
-0,30 Bil.
Intangibles to Total Assets
0.49
Average Receivables
0,09 Bil.
Average Payables
0,17 Bil.
Average Inventory
65200000
Debt to Market Cap
0.51

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Churchill Downs Incorporated Dividends
Year Dividends Growth
1993 1
1994 1 0%
1995 1 0%
1996 1 0%
1997 2 50%
1998 1 -100%
1999 1 0%
2000 1 0%
2001 1 0%
2002 1 0%
2003 1 0%
2004 1 0%
2005 1 0%
2006 1 0%
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 0%
2011 1 0%
2012 1 0%
2013 2 0%
2014 2 50%
2015 2 0%
2016 3 0%
2017 3 33.33%
2018 3 0%
2019 1 -200%
2020 1 0%
2021 1 0%
2022 1 0%
2023 0 0%

Churchill Downs Incorporated Profile

About Churchill Downs Incorporated

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

CEO
Mr. William C. Carstanjen
Employee
5.660
Address
600 North Hurstbourne Parkway
Louisville, 40222

Churchill Downs Incorporated Executives & BODs

Churchill Downs Incorporated Executives & BODs
# Name Age
1 Mr. Bradley K. Blackwell
Executive Vice President, General Counsel & Secretary
70
2 Mr. Jason Sauer
Senior Vice President of Corporate Development
70
3 Ms. Marcia Ann Dall CPA
Executive Vice President & Chief Financial Officer
70
4 Mr. William C. Carstanjen
Chief Executive Officer & Director
70
5 Mr. William E. Mudd
President & Chief Operating Officer
70
6 Mr. Nate Simon
Senior Vice President & Chief Technology Officer
70
7 Kaitlin Buzzetto
Director of Investor Relations
70
8 Ms. Maureen Adams
Executive Vice President of Gaming Operations
70
9 Jon E. Rauch
Vice President & Chief Accounting Officer
70
10 Ms. Katherine Armstrong
Senior Vice President of Human Resources
70

Churchill Downs Incorporated Competitors