CHDN - Churchill Downs Inc Stock Price, Fair Value and News

139.10USD+1.02 (+0.74%)Market Closed

Market Summary

USD139.10+1.02

Market Closed

0.74%

CHDN Alerts

1 major insider buys recently.

Big fall in earnings (Y/Y)

CHDN Stock Price

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CHDN RSI Chart

CHDN Valuation

Market Cap

10.2B

Price/Earnings (Trailing)

29.9

Price/Sales (Trailing)

4.1

EV/EBITDA

16.47

Price/Free Cashflow

15.87

CHDN Price/Sales (Trailing)

CHDN Profitability

EBT Margin

18.24%

Return on Equity

41.36%

Return on Assets

4.84%

Free Cashflow Yield

6.3%

CHDN Fundamentals

CHDN Revenue

Revenue (TTM)

2.5B

Rev. Growth (Yr)

5.61%

Rev. Growth (Qtr)

5.29%

CHDN Earnings

Earnings (TTM)

342.0M

Earnings Growth (Yr)

-48.36%

Earnings Growth (Qtr)

39.58%

Breaking Down CHDN Revenue

Last 7 days

7.1%

Last 30 days

14.6%

Last 90 days

13.1%

Trailing 12 Months

-5.0%

How does CHDN drawdown profile look like?

CHDN Financial Health

Current Ratio

0.5

Debt/Equity

5.88

Debt/Cashflow

0.13

CHDN Investor Care

Dividend Yield

0.27%

Dividend/Share (TTM)

0.38

Buy Backs (1Y)

1.82%

Diluted EPS (TTM)

5.49

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.5B	0	0	0
2023	2.0B	2.2B	2.4B	2.5B
2022	1.6B	1.7B	1.7B	1.8B
2021	1.1B	1.5B	1.5B	1.6B
2020	1.3B	1.0B	1.1B	1.1B
2019	1.1B	1.2B	1.3B	1.3B
2018	904.4M	944.5M	968.9M	1.0B
2017	823.6M	849.6M	865.5M	882.6M
2016	1.1B	1.0B	933.0M	822.4M
2015	896.0M	1.0B	1.1B	1.2B
2014	798.3M	818.2M	806.2M	812.2M
2013	741.0M	753.8M	774.4M	779.0M
2012	703.5M	724.6M	723.2M	731.3M
2011	631.7M	666.0M	684.8M	696.9M
2010	0	508.8M	547.1M	585.3M
2009	0	0	0	470.5M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Churchill Downs Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 29, 2024	varga paul c	bought	494,836	130	3,800	-
Apr 23, 2024	lloyd karole	acquired	-	-	1,255	-
Apr 23, 2024	carter andrea m	acquired	-	-	1,255	-
Apr 23, 2024	fealy robert l	acquired	-	-	1,255	-
Apr 23, 2024	grissom douglas c	acquired	-	-	1,255	-
Apr 23, 2024	varga paul c	acquired	-	-	1,255	-
Apr 23, 2024	bridgeman ulysses l jr	acquired	-	-	1,255	-
Apr 23, 2024	harrington daniel p	acquired	-	-	-	-
Apr 23, 2024	rankin r alex	acquired	-	-	1,255	-

Which funds bought or sold CHDN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	M&T Bank Corp	reduced	-7.04	-47,277	276,464	-%
May 07, 2024	MONTAG A & ASSOCIATES INC	new	-	1,337	1,337	-%
May 07, 2024	ASSETMARK, INC	added	9.23	7,451	4,221,860	0.01%
May 07, 2024	TCI Wealth Advisors, Inc.	sold off	-100	-202,800	-	-%
May 07, 2024	Americana Partners, LLC	new	-	297,990	297,990	0.03%
May 07, 2024	Concurrent Investment Advisors, LLC	new	-	354,049	354,049	0.01%
May 07, 2024	SEI INVESTMENTS CO	added	29.00	691,956	4,467,620	0.01%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	102	1,126,550	2,446,170	-%
May 07, 2024	Arizona State Retirement System	reduced	-2.05	-258,488	2,283,190	0.02%
May 07, 2024	Smithfield Trust Co	reduced	-7.88	-1,786,000	9,731,000	0.52%

Are Funds Buying or Selling CHDN?

Are funds buying CHDN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CHDN

No. of Funds

Unveiling Churchill Downs Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.01%	6,723,558	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 09, 2024	capital research global investors	9.1%	6,814,665	SC 13G
Jan 25, 2024	blackrock inc.	8.2%	6,136,637	SC 13G/A
Dec 19, 2023	duchossois group, inc.	4.1%	3e+06	SC 13D/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	8.85%	3,310,700	SC 13G/A
Feb 03, 2023	blackrock inc.	8.0%	2,988,923	SC 13G/A
Mar 17, 2022	duchossois group, inc.	5.3%	2e+06	SC 13D/A
Feb 09, 2022	vanguard group inc	8.93%	3,416,897	SC 13G/A

Recent SEC filings of Churchill Downs Inc

View All Filings

Date Filed	Form Type	Document
May 01, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 24, 2024	10-Q	Quarterly Report

Peers (Alternatives to Churchill Downs Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BKNG	124.2B	22.0B	1.69%	38.98%	25.89	5.65	21.07%	19.26%
ABNB	100.6B	10.2B	-1.63%	24.07%	20.36	9.82	17.60%	143.42%
DKNG	37.1B	4.1B	-5.93%	-	-67.76	9.11	57.00%	58.12%
RCL	36.5B	14.7B	2.44%	84.08%	17.32	2.47	38.21%	303.01%
CCL	16.1B	22.6B	-8.62%	34.37%	39.66	0.71	77.46%	108.27%
MGM	12.6B	16.7B	-13.54%	-7.74%	14.06	0.75	17.87%	-54.40%
MID-CAP
HAS	8.5B	4.8B	6.49%	2.82%	-6.06	1.79	-16.42%	-1272.21%
NCLH	6.9B	8.9B	-17.02%	14.03%	20.13	0.77	76.51%	123.70%
MAT	6.5B	5.4B	-3.10%	3.14%	22.05	1.19	4.38%	9.98%
PENN	2.4B	6.3B	-10.52%	-40.65%	-2.13	0.38	-3.29%	-263.41%
SMALL-CAP
PTON	1.5B	2.7B	5.61%	-49.55%	-1.9	0.54	-4.86%	66.45%
ACEL	973.1M	1.2B	-0.77%	29.11%	22.2	0.83	10.59%	-35.05%
AGS	351.0M	356.5M	-10.23%	62.14%	820.19	0.98	15.22%	105.33%
CLAR	262.0M	257.9M	3.48%	-18.08%	25.83	1.02	-16.24%	113.80%
CNTY	94.7M	550.2M	-6.02%	-56.18%	-3.36	0.17	27.80%	-453.54%

Churchill Downs Inc News

Latest updates

Churchill Downs Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	5.3%	591	561	573	769	560	480	383	583	364	365	393	515	324	278	338	185	253	281	306	477	265
Operating Expenses	2.1%	465	455	460	543	440	468	320	383	317	330	325	380	278	256	288	186	265	277	279	321	237
S&GA Expenses	6.0%	55.00	52.00	50.00	48.00	52.00	52.00	38.00	38.00	36.00	39.00	36.00	33.00	30.00	30.00	39.00	22.00	24.00	33.00	34.00	30.00	25.00
EBITDA Margin	-24.3%	0.31*	0.41*	0.38*	0.38*	0.54*	0.48*	0.52*	0.52*	0.33*	0.33*	0.33*	0.32*	0.24*	0.17*	0.17*	0.14*	0.24*	-	-	-	-
Interest Expenses	-0.3%	70.00	71.00	68.00	65.00	65.00	55.00	36.00	35.00	21.00	22.00	22.00	22.00	19.00	21.00	20.00	20.00	19.00	19.00	19.00	19.00	14.00
Income Taxes	49.7%	21.00	14.00	21.00	56.00	53.00	-4.10	16.00	141	17.00	10.00	26.00	42.00	16.00	0.00	14.00	-7.90	-11.60	4.00	8.00	39.00	7.00
Earnings Before Taxes	41.6%	102	72.00	82.00	199	209	-3.10	73.00	480	59.00	54.00	88.00	150	52.00	17.00	57.00	-31.50	-34.20	8.00	23.00	147	18.00
EBT Margin	-20.1%	0.18*	0.23*	0.20*	0.22*	0.38*	0.34*	0.39*	0.40*	0.21*	0.22*	0.20*	0.19*	0.08*	0.01*	0.00*	-0.03*	0.11*	-	-	-	-
Net Income	39.6%	80.00	58.00	61.00	143	156	1.00	57.00	339	42.00	43.00	61.00	108	36.00	16.00	43.00	-118	-23.50	4.00	15.00	108	12.00
Net Income Margin	-19.1%	0.14*	0.17*	0.15*	0.16*	0.28*	0.24*	0.28*	0.29*	0.16*	0.16*	0.15*	0.14*	-0.02*	-0.08*	-0.09*	-0.12*	0.08*	-	-	-	-
Free Cashflow	139.2%	255	107	85.00	175	204	75.00	32.00	234	124	57.00	45.00	219	93.00	-6.90	50.00	22.00	32.00	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.6%	7,067	6,956	6,751	6,579	6,274	6,207	4,674	4,620	3,037	2,982	2,974	2,971	2,787	2,982	3,263	3,216	3,204	2,551	2,563	2,589	2,479
Current Assets	3.8%	416	401	371	583	378	345	1,806	2,005	520	502	528	533	347	235	807	818	843	221	302	349	259
Cash Equivalents	3.4%	149	145	130	374	237	205	1,693	1,900	360	356	386	411	196	121	680	699	745	143	234	246	157
Net PPE	4.2%	2,669	2,561	2,384	2,230	2,095	1,978	1,241	1,130	1,036	995	1,053	1,058	1,069	1,082	1,082	1,043	991	937	895	880	867
Goodwill	0.0%	900	900	900	723	724	724	9.00	367	367	367	367	367	367	367	367	367	367	367	3.00	364	364
Liabilities	2.9%	6,240	6,062	5,862	5,725	5,569	5,655	4,061	4,017	2,719	2,675	2,635	2,653	2,585	2,319	2,891	2,893	2,768	2,040	2,012	2,035	2,022
Current Liabilities	10.8%	837	756	670	648	694	622	492	528	432	395	353	370	305	424	471	488	344	301	276	309	298
Long Term Debt	1.9%	4,859	4,768	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	385	386	387
LT Debt, Current	0%	68.00	68.00	68.00	68.00	72.00	47.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	385	386	387
Shareholder's Equity	-7.5%	827	894	889	854	704	552	613	603	318	307	339	317	202	367	372	323	436	511	550	553	457
Retained Earnings	-7.5%	828	895	890	847	700	552	614	604	319	308	340	310	201	350	358	315	434	509	551	551	458
Shares Outstanding	-0.5%	74.00	75.00	75.00	75.00	75.00	75.00	76.00	76.00	77.00	77.00	77.00	78.00	78.00	79.00	79.00	79.00	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.00	3.00	3.00	-	-	-
Float	-	-	-	-	9,416	-	-	-	6,381	-	-	-	6,668	-	-	-	4,544	-	-	-	4,001	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	139.2%	254,700	106,500	96,200	186,700	215,900	86,300	43,700	245,600	135,200	68,500	56,700	230,100	104,200	4,600	61,700	33,400	43,500	32,300	45,900	144,000	70,300
Share Based Compensation	-11.1%	7,200	8,100	8,100	8,100	8,600	8,300	9,100	7,400	7,000	7,400	7,800	7,100	5,500	6,400	6,900	6,100	4,300	6,200	5,500	7,400	4,700
Cashflow From Investing	9.0%	-153,400	-168,500	-430,500	-173,500	54,500	-2,996,700	-211,600	167,400	-62,800	-45,200	-24,700	-18,200	-12,300	-26,600	-81,000	-83,500	-48,300	-90,600	-36,700	-34,800	-619,100
Cashflow From Financing	-211.6%	-101,100	90,600	86,400	190,000	-237,700	1,395,900	-38,400	1,126,500	-68,000	-54,000	-57,100	3,800	106,800	-536,600	1,200	4,600	606,800	-30,100	-20,900	-21,100	532,900
Dividend Payments	9433.3%	28,600	300	100	-	26,700	300	-	-	25,700	-	-	-	24,800	-	-	-	23,400	-	-	-	22,200
Buy Backs	605.0%	141,700	20,100	37,300	-	500	30,400	59,000	61,500	25,000	55,100	50,000	-	193,900	-	-	500	27,900	27,600	25,000	18,000	25,000

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CHDN Income Statement

2024-03-31

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net revenue:
Net revenue	$ 590.9	$ 559.5
Operating expense:
Selling, general and administrative expense	54.8	52.3
Transaction expense, net	4.1	(0.2)
Total operating expense	464.6	439.6
Operating income	126.3	119.9
Other (expense) income:
Interest expense, net	(70.4)	(64.7)
Equity in income of unconsolidated affiliates	37.8	38.3
Gain on sale of Arlington	0.0	114.0
Miscellaneous, net	8.1	1.4
Total other (expense) income	(24.5)	89.0
Income from operations before provision for income taxes	101.8	208.9
Income tax provision	(21.4)	(53.2)
Net income	$ 80.4	$ 155.7
Net income per common share data:
Basic net income (in dollars per share)	$ 1.09	$ 2.07
Diluted net income (in dollars per share)	$ 1.08	$ 2.05
Weighted average shares outstanding:
Basic (in shares)	74,100	75,300
Diluted (in shares)	74,700	76,100
Live and Historical
Net revenue:
Net revenue	$ 245.1	$ 214.4
Operating expense:
Operating expense	157.2	143.3
TwinSpires
Net revenue:
Net revenue	106.6	94.8
Operating expense:
Operating expense	67.9	65.7
Gaming
Net revenue:
Net revenue	239.2	250.0
Operating expense:
Operating expense	178.5	173.5
All Other
Net revenue:
Net revenue	0.0	0.3
Operating expense:
Operating expense	$ 2.1	$ 5.0

CHDN Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 149.4	$ 144.5
Restricted cash	72.6	77.3
Accounts receivable, net	115.0	106.9
Income taxes receivable	0.0	12.6
Other current assets	79.0	59.5
Total current assets	416.0	400.8
Property and equipment, net	2,668.5	2,561.2
Investment in and advances to unconsolidated affiliates	647.8	655.9
Goodwill	900.2	899.9
Other intangible assets, net	2,415.0	2,418.4
Other assets	19.3	19.3
Total assets	7,066.8	6,955.5
Current liabilities:
Accounts payable	187.8	158.5
Accrued expenses and other current liabilities	423.3	426.8
Income taxes payable	4.1	0.0
Current deferred revenue	153.3	73.2
Current maturities of long-term debt	68.0	68.0
Dividends payable	0.7	29.3
Total current liabilities	837.2	755.8
Long-term debt, net of current maturities and loan origination fees	1,786.5	1,697.1
Notes payable, net of debt issuance costs	3,072.4	3,071.2
Non-current deferred revenue	11.8	11.8
Deferred income taxes	393.1	388.2
Other liabilities	138.9	137.8
Total liabilities	6,239.9	6,061.9
Commitments and contingencies
Shareholders' equity:
Preferred stock	0.0	0.0
Common stock	0.0	0.0
Retained earnings	827.8	894.5
Accumulated other comprehensive loss	(0.9)	(0.9)
Total shareholders' equity	826.9	893.6
Total liabilities and shareholders' equity	$ 7,066.8	$ 6,955.5

About Churchill Downs Inc

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through Live and Historical Racing, TwinSpires, and Gaming segments. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sportsbooks; and casino gaming. 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
WEBSITE	churchilldownsincorporated.com
INDUSTRY	Leisure
EMPLOYEES	5500

Churchill Downs Inc Frequently Asked Questions

What is the ticker symbol for Churchill Downs Inc? What does CHDN stand for in stocks?

CHDN is the stock ticker symbol of Churchill Downs Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Churchill Downs Inc (CHDN)?

As of Wed May 08 2024, market cap of Churchill Downs Inc is 10.22 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CHDN stock?

You can check CHDN's fair value in chart for subscribers.

What is the fair value of CHDN stock?

You can check CHDN's fair value in chart for subscribers. The fair value of Churchill Downs Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Churchill Downs Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CHDN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Churchill Downs Inc a good stock to buy?

The fair value guage provides a quick view whether CHDN is over valued or under valued. Whether Churchill Downs Inc is cheap or expensive depends on the assumptions which impact Churchill Downs Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CHDN.

What is Churchill Downs Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, CHDN's PE ratio (Price to Earnings) is 29.9 and Price to Sales (PS) ratio is 4.1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CHDN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Churchill Downs Inc's stock?

In the past 10 years, Churchill Downs Inc has provided 0.255 (multiply by 100 for percentage) rate of return.