View ValuationChurchill Downs 将来の成長Future 基準チェック /26Churchill Downs利益と収益がそれぞれ年間14.1%と3.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に29% 14.4%なると予測されています。主要情報14.1%収益成長率14.44%EPS成長率Hospitality 収益成長69.5%収益成長率3.6%将来の株主資本利益率29.02%アナリストカバレッジGood最終更新日22 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. Independent Director Andrea Carter was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 22Churchill Downs Incorporated (NasdaqGS:CHDN) agreed to acquire Intellectual, trademarks and associated rights related to Preakness and Black-Eyed Susan Stakes from 1/ST Maryland LLC for $85 million.Churchill Downs Incorporated (NasdaqGS:CHDN) agreed to acquire Intellectual, trademarks and associated rights related to Preakness and Black-Eyed Susan Stakes from 1/ST Maryland LLC for $85 million on April 21, 2026. The Transaction will be funded with cash on hand and the Company’s existing credit facility. The parties expect the Transaction to close after the running of the 2026 Preakness Stakes.お知らせ • Mar 17Churchill Downs Incorporated to Report Q1, 2026 Results on Apr 22, 2026Churchill Downs Incorporated announced that they will report Q1, 2026 results After-Market on Apr 22, 2026お知らせ • Mar 13Churchill Downs Incorporated, Annual General Meeting, Apr 21, 2026Churchill Downs Incorporated, Annual General Meeting, Apr 21, 2026.お知らせ • Jan 08Churchill Downs Incorporated to Report Q4, 2025 Results on Feb 25, 2026Churchill Downs Incorporated announced that they will report Q4, 2025 results on Feb 25, 2026お知らせ • Oct 24Stronach Group Inc., Churchill Downs Inc. and the New York Racing Association Face Class-Action Lawsuit on Massive AI Horse Betting Manipulation SchemeA class-action lawsuit accuses major horseracing entities of colluding via computer-assisted, algorithmic betting that has disadvantaged everyday bettors in a rigged system that favors the wealthy, according to Hagens Berman. The lawsuit was filed in the U.S. District Court for the Eastern District of New York on Oct. 24, 2025, against racetrack owners Stronach Group Inc., Churchill Downs Inc. and the New York Racing Association – who also own or co-own computer-assisted wagering (CAW) platforms Elite Turf Club LLC and Velocity – in addition to United Tote company and Racing and Gaming Services. Advances in technology have relegated betting and wagering in horseracing to online-based accounts which benefit from algorithms and AI and other inside information, according to the lawsuit. Wagering profits are now the result of an organized scheme and has resulted in the transfer of billions to a small group of inside bettors and the operators of racetracks and betting platforms. The lawsuit states that in many cases, given their preferential advantages, these inside bettors enjoy no-risk, no-loss “wagering” opportunities with respect to amounts now approaching nearly $(US) 4 billion per year,” the lawsuit states. These parties, according to the lawsuit, rig U.S. betting pools in favor of a small group of insiders who bet enormous amounts.お知らせ • Oct 23Churchill Downs Incorporated Approves an Annual Cash Dividend, Payable on January 6, 2026On October 21, 2025, Churchill Downs Incorporated's Board of Directors approved an annual cash dividend on the Company's common stock of $0.438 per outstanding share, a 7% increase over the prior year. The dividend is payable on January 6, 2026, to shareholders of record as of the close of business on December 5, 2025, with the aggregate cash dividend to be paid to each shareholder rounded to the nearest whole cent.お知らせ • Sep 16Churchill Downs Incorporated to Report Q3, 2025 Results on Oct 22, 2025Churchill Downs Incorporated announced that they will report Q3, 2025 results After-Market on Oct 22, 2025お知らせ • Aug 28Churchill Downs Incorporated (NasdaqGS:CHDN) completed the acquisition of 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc.Churchill Downs Incorporated (NasdaqGS:CHDN) entered into a definitive agreement to acquire 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc. on July 14, 2025. The acquisition of 90% interest for a total consideration of $180 million in cash, subject to certain purchase price adjustments. In a separate but related transaction, Churchill Downs Incorporated also entered into a definitive agreement to acquire 39% stake in PPE Casino Resorts NH Holdings, LLC from F&L Gaming, LLC. Churchill will finance the Salem Transaction using its existing credit facility. Following the Salem Transaction, Faro and Lupoli combined will maintain ownership of 10% of Casino Salem, and will continue to provide their local expertise, which is central to the efforts to complete the development of this new venue. The transaction is anticipated to close during the third quarter of 2025, subject to usual and customary closing conditions, including receipt of approval by the New Hampshire Lottery Commission. Churchill Downs Incorporated (NasdaqGS:CHDN) completed the acquisition of 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc. on August 27, 2025.お知らせ • Jul 24Churchill Downs Incorporated (NasdaqGS:CHDN) announces an Equity Buyback for $500 million worth of its shares.Churchill Downs Incorporated (NasdaqGS:CHDN) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of company’s common stock. The repurchase program has no expiration date.お知らせ • Jul 15+ 1 more updateChurchill Downs Incorporated (NasdaqGS:CHDN) entered into a definitive agreement to acquire 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc.Churchill Downs Incorporated (NasdaqGS:CHDN) entered into a definitive agreement to acquire 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc. on July 14, 2025. The acquisition of 90% interest for a total consideration of $180 million in cash, subject to certain purchase price adjustments. In a separate but related transaction, Churchill Downs Incorporated also entered into a definitive agreement to acquire 39% stake in PPE Casino Resorts NH Holdings, LLC from F&L Gaming, LLC. Churchill will finance the Salem Transaction using its existing credit facility. Following the Salem Transaction, Faro and Lupoli combined will maintain ownership of 10% of Casino Salem, and will continue to provide their local expertise, which is central to the efforts to complete the development of this new venue. The transaction is anticipated to close during the third quarter of 2025, subject to usual and customary closing conditions, including receipt of approval by the New Hampshire Lottery Commission.お知らせ • Jun 29Churchill Downs Incorporated Announces Retirement of Maureen Adams Executive Vice President, Gaming Operations, Effective December 31, 2025On June 25, 2025, Maureen Adams, Executive Vice President, Gaming Operations of Churchill Downs Incorporated, notified the Company of her decision to retire from the Company, effective December 31, 2025.お知らせ • Jun 12Churchill Downs Incorporated to Report Q2, 2025 Results on Jul 23, 2025Churchill Downs Incorporated announced that they will report Q2, 2025 results After-Market on Jul 23, 2025お知らせ • Mar 19Churchill Downs Incorporated to Report Q1, 2025 Results on Apr 23, 2025Churchill Downs Incorporated announced that they will report Q1, 2025 results After-Market on Apr 23, 2025お知らせ • Mar 16Ulysses L. Bridgeman, Jr. - Board Member of Churchill Downs Incorporated Passes AwayChurchill Downs Incorporated (the Company") regrets to report that on March 11, 2025, Ulysses L. Bridgeman, Jr., a member of the Company's Board of Directors (the Board") since 2012, passed away. Mr. Bridgeman also served on the Nominating and Governance Committee.お知らせ • Mar 15Churchill Downs Incorporated, Annual General Meeting, Apr 22, 2025Churchill Downs Incorporated, Annual General Meeting, Apr 22, 2025.お知らせ • Mar 13Churchill Downs Incorporated (NasdaqGS:CHDN) announces an Equity Buyback for $500 million worth of its shares.Churchill Downs Incorporated (NasdaqGS:CHDN) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of company’s common stock. The repurchase program has no expiration date.お知らせ • Jan 10Churchill Downs Incorporated to Report Q4, 2024 Results on Feb 19, 2025Churchill Downs Incorporated announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 19, 2025Declared Dividend • Oct 28Dividend of US$0.41 announcedShareholders will receive a dividend of US$0.41. Ex-date: 6th December 2024 Payment date: 3rd January 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 20%.Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: US$0.89 (vs US$0.81 in 3Q 2023)Third quarter 2024 results: EPS: US$0.89 (up from US$0.81 in 3Q 2023). Revenue: US$628.5m (up 9.8% from 3Q 2023). Net income: US$65.4m (up 7.2% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 24Churchill Downs Incorporated Approves Annual Cash Dividend, Payable on January 3, 2025On October 22, 2024, The Board of Directors of Churchill Downs Incorporated approved an annual cash dividend on the Company's common stock of $0.409 per outstanding share, a 7% increase over the prior year. The dividend is payable on January 3, 2025, to shareholders of record as of the close of business on December 6, 2024, with the aggregate cash dividend paid to each shareholder rounded to the nearest whole cent.お知らせ • Sep 23Churchill Downs Incorporated to Report Q3, 2024 Results on Oct 23, 2024Churchill Downs Incorporated announced that they will report Q3, 2024 results After-Market on Oct 23, 2024Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: US$2.83 (vs US$1.90 in 2Q 2023)Second quarter 2024 results: EPS: US$2.83 (up from US$1.90 in 2Q 2023). Revenue: US$890.7m (up 16% from 2Q 2023). Net income: US$209.3m (up 46% from 2Q 2023). Profit margin: 24% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year.お知らせ • Jul 25Churchill Downs Incorporated Announces Robert L. Fealy Retires from Company’s Board of DirectorsChurchill Downs Incorporated announced that Robert L. Fealy retired from CDI’s Board of Directors on July 23, 2024.お知らせ • Jun 22Churchill Downs Incorporated to Report Q2, 2024 Results on Jul 24, 2024Churchill Downs Incorporated announced that they will report Q2, 2024 results After-Market on Jul 24, 2024Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: US$1.09 (vs US$2.07 in 1Q 2023)First quarter 2024 results: EPS: US$1.09 (down from US$2.07 in 1Q 2023). Revenue: US$590.9m (up 5.6% from 1Q 2023). Net income: US$80.4m (down 48% from 1Q 2023). Profit margin: 14% (down from 28% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 10NYRA Content Management Solutions completed the acquisition of 49% stake in United Tote Company from Churchill Downs Incorporated (NasdaqGS:CHDN).NYRA Content Management Solutions agreed to acquire 49% stake in United Tote Company from Churchill Downs Incorporated (NasdaqGS:CHDN) on August 11, 2022. As part of the agreement, the United Tote pari-mutuel settlements business will be excluded and will remain with CDI. The transaction is subject to customary closing conditions and applicable regulatory notices and approvals and is expected to close by the end of 2022. The transaction is expected to close during the first half of 2023. As of October 25, 2023, the transaction is expected to close during the fourth quarter of 2023. NYRA Content Management Solutions completed the acquisition of 49% stake in United Tote Company from Churchill Downs Incorporated (NasdaqGS:CHDN) on April 8, 2024.お知らせ • Mar 29Churchill Downs Incorporated to Report Q1, 2024 Results on Apr 24, 2024Churchill Downs Incorporated announced that they will report Q1, 2024 results After-Market on Apr 24, 2024お知らせ • Mar 15Churchill Downs Incorporated, Annual General Meeting, Apr 23, 2024Churchill Downs Incorporated, Annual General Meeting, Apr 23, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect the three (3) Class I Directors; to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2024 and to consider other matters.Reported Earnings • Feb 22Full year 2023 earnings released: EPS: US$5.55 (vs US$5.80 in FY 2022)Full year 2023 results: EPS: US$5.55 (down from US$5.80 in FY 2022). Revenue: US$2.46b (up 36% from FY 2022). Net income: US$417.3m (down 5.0% from FY 2022). Profit margin: 17% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 12Churchill Downs Incorporated to Report Q4, 2023 Results on Feb 21, 2024Churchill Downs Incorporated announced that they will report Q4, 2023 results After-Market on Feb 21, 2024お知らせ • Dec 20Churchill Downs Incorporated (NasdaqGS:CHDN) announces an Equity Buyback for 1,000,000 shares, for $123.75 million.Churchill Downs Incorporated (NasdaqGS:CHDN) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, for $123.75 million. The shares will be repurchased from an affiliate of The Duchossois Group, Inc. at a price of $123.75 per share. The Stock Repurchase Agreement is expected to close on January 2, 2024.Upcoming Dividend • Nov 23Upcoming dividend of US$0.38 per share at 0.3% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 7.4% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.7%).Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: US$0.81 (vs US$0.75 in 3Q 2022)Third quarter 2023 results: EPS: US$0.81 (up from US$0.75 in 3Q 2022). Revenue: US$572.5m (up 49% from 3Q 2022). Net income: US$61.0m (up 7.0% from 3Q 2022). Profit margin: 11% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 26Churchill Downs Incorporated Approves an Annual Cash Dividend, Payable on January 5, 2024Churchill Downs Incorporated announced that on October 24, 2023, the Company's Board of Directors approved an annual cash dividend on the Company's common stock of $0.382 per outstanding share, a 7% increase over the prior year on a split adjusted basis. The dividend is payable on January 5, 2024, to shareholders of record as of the close of business on December 1, 2023, with the aggregate cash dividend paid to each shareholder rounded to the nearest whole cent. This marks the thirteenth consecutive year that the Company has increased the dividend per share.お知らせ • Oct 05Churchill Downs Incorporated to Report Q3, 2023 Results on Oct 25, 2023Churchill Downs Incorporated announced that they will report Q3, 2023 results After-Market on Oct 25, 2023お知らせ • Aug 24Churchill Downs Incorporated (NasdaqGS:CHDN) acquired Exacta Systems, LLC.Churchill Downs Incorporated (NasdaqGS:CHDN) entered into a definitive agreement to acquire Exacta Systems, LLC for $250 million on December 19, 2022. The transaction will be funded with cash on hand and through the Company's existing credit facility. The transaction is dependent on various and customary closing conditions and subject to certain working capital and other purchase price adjustments, including obtaining required regulatory approvals. The transaction is expected to close in 2023. Brian J. Fahrney, Brent Steele Kelly M. Dybala, of Sidley Austin LLP acted as legal advisor to Churchill Downs Churchill Downs Incorporated (NasdaqGS:CHDN) acquired Exacta Systems, LLC on August 22, 2023.お知らせ • Aug 22Churchill Downs Announces Executive PromotionsChurchill Downs Inc. announced the promotions of Betsy Janes to senior vice president of government relations and Justin Paul to senior vice president of operations. In these roles, Janes will continue leading the development and implementation of the company's political and legislative strategies and Paul will continue to work to further the growth of CDI. Janes joined CDI in 2018 as director of government relations and was promoted to vice president of government relations in July 2021. Since that time, she has successfully collaborated across all business units, managed lobbying firms across multiple jurisdictions and led key legislative campaigns. Janes has amassed extensive experience in government affairs during her professional career. Prior to joining CDI, she was a senior state and local campaigns manager for the American Cancer Society Cancer Action Network where she worked across all 50 states on local, state and federal health issues. She holds a Bachelor of Arts degree in Political Science and a Masters of Public Administration from the University of Louisville. Paul joined CDI as senior director of legal affairs in May 2015 and was promoted in April 2017 to vice president and associate general counsel. In January 2021, Paul was promoted to vice president of operations where he has led strategic growth initiatives across all company business units and with key business partners. Prior to CDI, Paul worked for Mayer Brown LLP and McAndrews, Held & Malloy Ltd., both law firms located in Chicago, Illinois. He also has seven years of engineering and management experience with Abbott Labs, Monsanto and Abraxis Bioscience. He holds a BSE in Chemical Engineering from the University of Iowa and a Juris Doctor from the University of Chicago Law School. The promotions are effective immediately.New Risk • Jul 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: US$1.90 (vs US$4.45 in 2Q 2022)Second quarter 2023 results: EPS: US$1.90 (down from US$4.45 in 2Q 2022). Revenue: US$768.5m (up 32% from 2Q 2022). Net income: US$143.0m (down 58% from 2Q 2022). Profit margin: 19% (down from 58% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 30Churchill Downs Incorporated to Report Q2, 2023 Results on Jul 26, 2023Churchill Downs Incorporated announced that they will report Q2, 2023 results After-Market on Jul 26, 2023Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €266, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Hospitality industry in Europe. Total returns to shareholders of 207% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €394 per share.Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: US$4.14 (vs US$1.10 in 1Q 2022)First quarter 2023 results: EPS: US$4.14 (up from US$1.10 in 1Q 2022). Revenue: US$559.5m (up 54% from 1Q 2022). Net income: US$155.7m (up 270% from 1Q 2022). Profit margin: 28% (up from 12% in 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 24Full year 2022 earnings released: EPS: US$11.59 (vs US$6.45 in FY 2021)Full year 2022 results: EPS: US$11.59 (up from US$6.45 in FY 2021). Revenue: US$1.81b (up 13% from FY 2021). Net income: US$439.4m (up 76% from FY 2021). Profit margin: 24% (up from 16% in FY 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 14Churchill Downs Incorporated to Report Fiscal Year 2022 Results on Feb 22, 2023Churchill Downs Incorporated announced that they will report fiscal year 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023Board Change • Dec 23High number of new directorsDirector Andréa Carter was the last director to join the board, commencing their role in 2022.Upcoming Dividend • Nov 24Upcoming dividend of US$0.71 per shareEligible shareholders must have bought the stock before 01 December 2022. Payment date: 06 January 2023. Payout ratio is a comfortable 5.3% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.2%).Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: US$1.51 (vs US$1.59 in 3Q 2021)Third quarter 2022 results: EPS: US$1.51 (down from US$1.59 in 3Q 2021). Revenue: US$383.1m (down 2.5% from 3Q 2021). Net income: US$57.0m (down 7.2% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: US$8.91 (vs US$2.80 in 2Q 2021)Second quarter 2022 results: EPS: US$8.91 (up from US$2.80 in 2Q 2021). Revenue: US$582.5m (up 13% from 2Q 2021). Net income: US$339.3m (up 213% from 2Q 2021). Profit margin: 58% (up from 21% in 2Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 702% growth forecast for the industry in Germany.Recent Insider Transactions • May 26Independent Chairman of the Board recently bought €87k worth of stockOn the 24th of May, R. Rankin bought around 525 shares on-market at roughly €165 per share. This was the largest purchase by an insider in the last 3 months. R. has been a buyer over the last 12 months, purchasing a net total of €168k worth in shares.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: US$1.10 (vs US$0.93 in 1Q 2021)First quarter 2022 results: EPS: US$1.10 (up from US$0.93 in 1Q 2021). Revenue: US$364.1m (up 12% from 1Q 2021). Net income: US$42.1m (up 17% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 114% growth forecast for the industry in Germany.Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$6.45 (up from US$0.34 in FY 2020). Revenue: US$1.60b (up 52% from FY 2020). Net income: US$249.1m (up US$235.6m from FY 2020). Profit margin: 16% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 110% growth forecast for the restaurants industry in Germany.Recent Insider Transactions • Aug 05Independent Director recently bought €158k worth of stockOn the 2nd of August, Karole Lloyd bought around 1k shares on-market at roughly €158 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €239k more in shares than they have sold in the last 12 months.Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$2.80 (vs US$0.60 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$515.1m (up 178% from 2Q 2020). Net income: US$108.3m (up US$131.9m from 2Q 2020). Profit margin: 21% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue.Reported Earnings • Apr 24First quarter 2021 earnings released: EPS US$0.93 (vs US$0.57 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$324.3m (up 28% from 1Q 2020). Net income: US$36.1m (up US$58.6m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue.Reported Earnings • Feb 26Full year 2020 earnings released: EPS US$0.34 (vs US$3.49 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.05b (down 21% from FY 2019). Net income: US$13.5m (down 90% from FY 2019). Profit margin: 1.3% (down from 11% in FY 2019).Analyst Estimate Surprise Post Earnings • Feb 26Revenue beats expectationsRevenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 44%, compared to a 27% growth forecast for the Hospitality industry in Germany.Is New 90 Day High Low • Feb 24New 90-day high: €185The company is up 20% from its price of €154 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €228 per share.Is New 90 Day High Low • Jan 12New 90-day high: €171The company is up 18% from its price of €145 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €234 per share.Is New 90 Day High Low • Dec 17New 90-day high: €165The company is up 22% from its price of €135 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €218 per share.業績と収益の成長予測DB:CHR - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20283,254540616N/A412/31/20273,1385396688401112/31/20263,028497660837113/31/20262,946388379818N/A12/31/20252,926383310770N/A9/30/20252,885404266805N/A6/30/20252,830432367787N/A3/31/20252,786422293765N/A12/31/20242,734427226773N/A9/30/20242,671415153749N/A6/30/20242,61540919675N/A3/31/20242,493342-52645N/A12/31/20232,462417-71606N/A9/30/20232,381361-46612N/A6/30/20232,191357-43559N/A3/31/20232,00555382618N/A12/31/20221,81043980537N/A9/30/20221,695482156493N/A6/30/20221,704486277506N/A3/31/20221,637255356491N/A12/31/20211,597249244336N/A9/30/20211,511222195272N/A6/30/20211,455204143275N/A3/31/20211,12572-12079N/A12/31/20201,05414-92142N/A9/30/20201,0562-94167N/A6/30/20201,025-26-61152N/A3/31/20201,31710679263N/A12/31/20191,330140N/A290N/A9/30/20191,268143N/A323N/A6/30/20191,183186N/A250N/A3/31/20191,085180N/A212N/A12/31/20181,009183N/A198N/A9/30/2018969210N/A183N/A6/30/2018945165N/A209N/A3/31/2018904134N/A206N/A12/31/2017883122N/A215N/A9/30/2017496104N/A205N/A6/30/201760299N/A228N/A3/31/201770295N/A226N/A12/31/201682296N/A231N/A9/30/20161,30388N/A230N/A6/30/20161,27983N/A237N/A3/31/20161,25069N/A241N/A12/31/201579970N/A265N/A9/30/20151,10843N/A251N/A6/30/20151,00243N/A217N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: CHRの予測収益成長率 (年間14.1% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: CHRの収益 ( 14.1% ) German市場 ( 17.1% ) よりも低い成長が予測されています。高成長収益: CHRの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: CHRの収益 ( 3.6% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: CHRの収益 ( 3.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: CHRの 自己資本利益率 は、3年後には高くなると予測されています ( 29 %)成長企業の発掘7D1Y7D1Y7D1YConsumer-services 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 10:36終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Churchill Downs Incorporated 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19 アナリスト機関Brandt MontourBarclaysZachary SilverbergBerenbergShaun KelleyBofA Global Research16 その他のアナリストを表示
Board Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. Independent Director Andrea Carter was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 22Churchill Downs Incorporated (NasdaqGS:CHDN) agreed to acquire Intellectual, trademarks and associated rights related to Preakness and Black-Eyed Susan Stakes from 1/ST Maryland LLC for $85 million.Churchill Downs Incorporated (NasdaqGS:CHDN) agreed to acquire Intellectual, trademarks and associated rights related to Preakness and Black-Eyed Susan Stakes from 1/ST Maryland LLC for $85 million on April 21, 2026. The Transaction will be funded with cash on hand and the Company’s existing credit facility. The parties expect the Transaction to close after the running of the 2026 Preakness Stakes.
お知らせ • Mar 17Churchill Downs Incorporated to Report Q1, 2026 Results on Apr 22, 2026Churchill Downs Incorporated announced that they will report Q1, 2026 results After-Market on Apr 22, 2026
お知らせ • Mar 13Churchill Downs Incorporated, Annual General Meeting, Apr 21, 2026Churchill Downs Incorporated, Annual General Meeting, Apr 21, 2026.
お知らせ • Jan 08Churchill Downs Incorporated to Report Q4, 2025 Results on Feb 25, 2026Churchill Downs Incorporated announced that they will report Q4, 2025 results on Feb 25, 2026
お知らせ • Oct 24Stronach Group Inc., Churchill Downs Inc. and the New York Racing Association Face Class-Action Lawsuit on Massive AI Horse Betting Manipulation SchemeA class-action lawsuit accuses major horseracing entities of colluding via computer-assisted, algorithmic betting that has disadvantaged everyday bettors in a rigged system that favors the wealthy, according to Hagens Berman. The lawsuit was filed in the U.S. District Court for the Eastern District of New York on Oct. 24, 2025, against racetrack owners Stronach Group Inc., Churchill Downs Inc. and the New York Racing Association – who also own or co-own computer-assisted wagering (CAW) platforms Elite Turf Club LLC and Velocity – in addition to United Tote company and Racing and Gaming Services. Advances in technology have relegated betting and wagering in horseracing to online-based accounts which benefit from algorithms and AI and other inside information, according to the lawsuit. Wagering profits are now the result of an organized scheme and has resulted in the transfer of billions to a small group of inside bettors and the operators of racetracks and betting platforms. The lawsuit states that in many cases, given their preferential advantages, these inside bettors enjoy no-risk, no-loss “wagering” opportunities with respect to amounts now approaching nearly $(US) 4 billion per year,” the lawsuit states. These parties, according to the lawsuit, rig U.S. betting pools in favor of a small group of insiders who bet enormous amounts.
お知らせ • Oct 23Churchill Downs Incorporated Approves an Annual Cash Dividend, Payable on January 6, 2026On October 21, 2025, Churchill Downs Incorporated's Board of Directors approved an annual cash dividend on the Company's common stock of $0.438 per outstanding share, a 7% increase over the prior year. The dividend is payable on January 6, 2026, to shareholders of record as of the close of business on December 5, 2025, with the aggregate cash dividend to be paid to each shareholder rounded to the nearest whole cent.
お知らせ • Sep 16Churchill Downs Incorporated to Report Q3, 2025 Results on Oct 22, 2025Churchill Downs Incorporated announced that they will report Q3, 2025 results After-Market on Oct 22, 2025
お知らせ • Aug 28Churchill Downs Incorporated (NasdaqGS:CHDN) completed the acquisition of 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc.Churchill Downs Incorporated (NasdaqGS:CHDN) entered into a definitive agreement to acquire 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc. on July 14, 2025. The acquisition of 90% interest for a total consideration of $180 million in cash, subject to certain purchase price adjustments. In a separate but related transaction, Churchill Downs Incorporated also entered into a definitive agreement to acquire 39% stake in PPE Casino Resorts NH Holdings, LLC from F&L Gaming, LLC. Churchill will finance the Salem Transaction using its existing credit facility. Following the Salem Transaction, Faro and Lupoli combined will maintain ownership of 10% of Casino Salem, and will continue to provide their local expertise, which is central to the efforts to complete the development of this new venue. The transaction is anticipated to close during the third quarter of 2025, subject to usual and customary closing conditions, including receipt of approval by the New Hampshire Lottery Commission. Churchill Downs Incorporated (NasdaqGS:CHDN) completed the acquisition of 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc. on August 27, 2025.
お知らせ • Jul 24Churchill Downs Incorporated (NasdaqGS:CHDN) announces an Equity Buyback for $500 million worth of its shares.Churchill Downs Incorporated (NasdaqGS:CHDN) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of company’s common stock. The repurchase program has no expiration date.
お知らせ • Jul 15+ 1 more updateChurchill Downs Incorporated (NasdaqGS:CHDN) entered into a definitive agreement to acquire 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc.Churchill Downs Incorporated (NasdaqGS:CHDN) entered into a definitive agreement to acquire 51% stake in PPE Casino Resorts NH Holdings, LLC from The Cordish Company, Inc. on July 14, 2025. The acquisition of 90% interest for a total consideration of $180 million in cash, subject to certain purchase price adjustments. In a separate but related transaction, Churchill Downs Incorporated also entered into a definitive agreement to acquire 39% stake in PPE Casino Resorts NH Holdings, LLC from F&L Gaming, LLC. Churchill will finance the Salem Transaction using its existing credit facility. Following the Salem Transaction, Faro and Lupoli combined will maintain ownership of 10% of Casino Salem, and will continue to provide their local expertise, which is central to the efforts to complete the development of this new venue. The transaction is anticipated to close during the third quarter of 2025, subject to usual and customary closing conditions, including receipt of approval by the New Hampshire Lottery Commission.
お知らせ • Jun 29Churchill Downs Incorporated Announces Retirement of Maureen Adams Executive Vice President, Gaming Operations, Effective December 31, 2025On June 25, 2025, Maureen Adams, Executive Vice President, Gaming Operations of Churchill Downs Incorporated, notified the Company of her decision to retire from the Company, effective December 31, 2025.
お知らせ • Jun 12Churchill Downs Incorporated to Report Q2, 2025 Results on Jul 23, 2025Churchill Downs Incorporated announced that they will report Q2, 2025 results After-Market on Jul 23, 2025
お知らせ • Mar 19Churchill Downs Incorporated to Report Q1, 2025 Results on Apr 23, 2025Churchill Downs Incorporated announced that they will report Q1, 2025 results After-Market on Apr 23, 2025
お知らせ • Mar 16Ulysses L. Bridgeman, Jr. - Board Member of Churchill Downs Incorporated Passes AwayChurchill Downs Incorporated (the Company") regrets to report that on March 11, 2025, Ulysses L. Bridgeman, Jr., a member of the Company's Board of Directors (the Board") since 2012, passed away. Mr. Bridgeman also served on the Nominating and Governance Committee.
お知らせ • Mar 15Churchill Downs Incorporated, Annual General Meeting, Apr 22, 2025Churchill Downs Incorporated, Annual General Meeting, Apr 22, 2025.
お知らせ • Mar 13Churchill Downs Incorporated (NasdaqGS:CHDN) announces an Equity Buyback for $500 million worth of its shares.Churchill Downs Incorporated (NasdaqGS:CHDN) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of company’s common stock. The repurchase program has no expiration date.
お知らせ • Jan 10Churchill Downs Incorporated to Report Q4, 2024 Results on Feb 19, 2025Churchill Downs Incorporated announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 19, 2025
Declared Dividend • Oct 28Dividend of US$0.41 announcedShareholders will receive a dividend of US$0.41. Ex-date: 6th December 2024 Payment date: 3rd January 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 20%.
Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: US$0.89 (vs US$0.81 in 3Q 2023)Third quarter 2024 results: EPS: US$0.89 (up from US$0.81 in 3Q 2023). Revenue: US$628.5m (up 9.8% from 3Q 2023). Net income: US$65.4m (up 7.2% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 24Churchill Downs Incorporated Approves Annual Cash Dividend, Payable on January 3, 2025On October 22, 2024, The Board of Directors of Churchill Downs Incorporated approved an annual cash dividend on the Company's common stock of $0.409 per outstanding share, a 7% increase over the prior year. The dividend is payable on January 3, 2025, to shareholders of record as of the close of business on December 6, 2024, with the aggregate cash dividend paid to each shareholder rounded to the nearest whole cent.
お知らせ • Sep 23Churchill Downs Incorporated to Report Q3, 2024 Results on Oct 23, 2024Churchill Downs Incorporated announced that they will report Q3, 2024 results After-Market on Oct 23, 2024
Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: US$2.83 (vs US$1.90 in 2Q 2023)Second quarter 2024 results: EPS: US$2.83 (up from US$1.90 in 2Q 2023). Revenue: US$890.7m (up 16% from 2Q 2023). Net income: US$209.3m (up 46% from 2Q 2023). Profit margin: 24% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year.
お知らせ • Jul 25Churchill Downs Incorporated Announces Robert L. Fealy Retires from Company’s Board of DirectorsChurchill Downs Incorporated announced that Robert L. Fealy retired from CDI’s Board of Directors on July 23, 2024.
お知らせ • Jun 22Churchill Downs Incorporated to Report Q2, 2024 Results on Jul 24, 2024Churchill Downs Incorporated announced that they will report Q2, 2024 results After-Market on Jul 24, 2024
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: US$1.09 (vs US$2.07 in 1Q 2023)First quarter 2024 results: EPS: US$1.09 (down from US$2.07 in 1Q 2023). Revenue: US$590.9m (up 5.6% from 1Q 2023). Net income: US$80.4m (down 48% from 1Q 2023). Profit margin: 14% (down from 28% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 10NYRA Content Management Solutions completed the acquisition of 49% stake in United Tote Company from Churchill Downs Incorporated (NasdaqGS:CHDN).NYRA Content Management Solutions agreed to acquire 49% stake in United Tote Company from Churchill Downs Incorporated (NasdaqGS:CHDN) on August 11, 2022. As part of the agreement, the United Tote pari-mutuel settlements business will be excluded and will remain with CDI. The transaction is subject to customary closing conditions and applicable regulatory notices and approvals and is expected to close by the end of 2022. The transaction is expected to close during the first half of 2023. As of October 25, 2023, the transaction is expected to close during the fourth quarter of 2023. NYRA Content Management Solutions completed the acquisition of 49% stake in United Tote Company from Churchill Downs Incorporated (NasdaqGS:CHDN) on April 8, 2024.
お知らせ • Mar 29Churchill Downs Incorporated to Report Q1, 2024 Results on Apr 24, 2024Churchill Downs Incorporated announced that they will report Q1, 2024 results After-Market on Apr 24, 2024
お知らせ • Mar 15Churchill Downs Incorporated, Annual General Meeting, Apr 23, 2024Churchill Downs Incorporated, Annual General Meeting, Apr 23, 2024, at 09:00 US Eastern Standard Time. Agenda: To elect the three (3) Class I Directors; to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2024 and to consider other matters.
Reported Earnings • Feb 22Full year 2023 earnings released: EPS: US$5.55 (vs US$5.80 in FY 2022)Full year 2023 results: EPS: US$5.55 (down from US$5.80 in FY 2022). Revenue: US$2.46b (up 36% from FY 2022). Net income: US$417.3m (down 5.0% from FY 2022). Profit margin: 17% (down from 24% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 12Churchill Downs Incorporated to Report Q4, 2023 Results on Feb 21, 2024Churchill Downs Incorporated announced that they will report Q4, 2023 results After-Market on Feb 21, 2024
お知らせ • Dec 20Churchill Downs Incorporated (NasdaqGS:CHDN) announces an Equity Buyback for 1,000,000 shares, for $123.75 million.Churchill Downs Incorporated (NasdaqGS:CHDN) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, for $123.75 million. The shares will be repurchased from an affiliate of The Duchossois Group, Inc. at a price of $123.75 per share. The Stock Repurchase Agreement is expected to close on January 2, 2024.
Upcoming Dividend • Nov 23Upcoming dividend of US$0.38 per share at 0.3% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 7.4% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.7%).
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: US$0.81 (vs US$0.75 in 3Q 2022)Third quarter 2023 results: EPS: US$0.81 (up from US$0.75 in 3Q 2022). Revenue: US$572.5m (up 49% from 3Q 2022). Net income: US$61.0m (up 7.0% from 3Q 2022). Profit margin: 11% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 26Churchill Downs Incorporated Approves an Annual Cash Dividend, Payable on January 5, 2024Churchill Downs Incorporated announced that on October 24, 2023, the Company's Board of Directors approved an annual cash dividend on the Company's common stock of $0.382 per outstanding share, a 7% increase over the prior year on a split adjusted basis. The dividend is payable on January 5, 2024, to shareholders of record as of the close of business on December 1, 2023, with the aggregate cash dividend paid to each shareholder rounded to the nearest whole cent. This marks the thirteenth consecutive year that the Company has increased the dividend per share.
お知らせ • Oct 05Churchill Downs Incorporated to Report Q3, 2023 Results on Oct 25, 2023Churchill Downs Incorporated announced that they will report Q3, 2023 results After-Market on Oct 25, 2023
お知らせ • Aug 24Churchill Downs Incorporated (NasdaqGS:CHDN) acquired Exacta Systems, LLC.Churchill Downs Incorporated (NasdaqGS:CHDN) entered into a definitive agreement to acquire Exacta Systems, LLC for $250 million on December 19, 2022. The transaction will be funded with cash on hand and through the Company's existing credit facility. The transaction is dependent on various and customary closing conditions and subject to certain working capital and other purchase price adjustments, including obtaining required regulatory approvals. The transaction is expected to close in 2023. Brian J. Fahrney, Brent Steele Kelly M. Dybala, of Sidley Austin LLP acted as legal advisor to Churchill Downs Churchill Downs Incorporated (NasdaqGS:CHDN) acquired Exacta Systems, LLC on August 22, 2023.
お知らせ • Aug 22Churchill Downs Announces Executive PromotionsChurchill Downs Inc. announced the promotions of Betsy Janes to senior vice president of government relations and Justin Paul to senior vice president of operations. In these roles, Janes will continue leading the development and implementation of the company's political and legislative strategies and Paul will continue to work to further the growth of CDI. Janes joined CDI in 2018 as director of government relations and was promoted to vice president of government relations in July 2021. Since that time, she has successfully collaborated across all business units, managed lobbying firms across multiple jurisdictions and led key legislative campaigns. Janes has amassed extensive experience in government affairs during her professional career. Prior to joining CDI, she was a senior state and local campaigns manager for the American Cancer Society Cancer Action Network where she worked across all 50 states on local, state and federal health issues. She holds a Bachelor of Arts degree in Political Science and a Masters of Public Administration from the University of Louisville. Paul joined CDI as senior director of legal affairs in May 2015 and was promoted in April 2017 to vice president and associate general counsel. In January 2021, Paul was promoted to vice president of operations where he has led strategic growth initiatives across all company business units and with key business partners. Prior to CDI, Paul worked for Mayer Brown LLP and McAndrews, Held & Malloy Ltd., both law firms located in Chicago, Illinois. He also has seven years of engineering and management experience with Abbott Labs, Monsanto and Abraxis Bioscience. He holds a BSE in Chemical Engineering from the University of Iowa and a Juris Doctor from the University of Chicago Law School. The promotions are effective immediately.
New Risk • Jul 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin).
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: US$1.90 (vs US$4.45 in 2Q 2022)Second quarter 2023 results: EPS: US$1.90 (down from US$4.45 in 2Q 2022). Revenue: US$768.5m (up 32% from 2Q 2022). Net income: US$143.0m (down 58% from 2Q 2022). Profit margin: 19% (down from 58% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 30Churchill Downs Incorporated to Report Q2, 2023 Results on Jul 26, 2023Churchill Downs Incorporated announced that they will report Q2, 2023 results After-Market on Jul 26, 2023
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €266, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Hospitality industry in Europe. Total returns to shareholders of 207% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €394 per share.
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: US$4.14 (vs US$1.10 in 1Q 2022)First quarter 2023 results: EPS: US$4.14 (up from US$1.10 in 1Q 2022). Revenue: US$559.5m (up 54% from 1Q 2022). Net income: US$155.7m (up 270% from 1Q 2022). Profit margin: 28% (up from 12% in 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 24Full year 2022 earnings released: EPS: US$11.59 (vs US$6.45 in FY 2021)Full year 2022 results: EPS: US$11.59 (up from US$6.45 in FY 2021). Revenue: US$1.81b (up 13% from FY 2021). Net income: US$439.4m (up 76% from FY 2021). Profit margin: 24% (up from 16% in FY 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 14Churchill Downs Incorporated to Report Fiscal Year 2022 Results on Feb 22, 2023Churchill Downs Incorporated announced that they will report fiscal year 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023
Board Change • Dec 23High number of new directorsDirector Andréa Carter was the last director to join the board, commencing their role in 2022.
Upcoming Dividend • Nov 24Upcoming dividend of US$0.71 per shareEligible shareholders must have bought the stock before 01 December 2022. Payment date: 06 January 2023. Payout ratio is a comfortable 5.3% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.2%).
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: US$1.51 (vs US$1.59 in 3Q 2021)Third quarter 2022 results: EPS: US$1.51 (down from US$1.59 in 3Q 2021). Revenue: US$383.1m (down 2.5% from 3Q 2021). Net income: US$57.0m (down 7.2% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 28Second quarter 2022 earnings released: EPS: US$8.91 (vs US$2.80 in 2Q 2021)Second quarter 2022 results: EPS: US$8.91 (up from US$2.80 in 2Q 2021). Revenue: US$582.5m (up 13% from 2Q 2021). Net income: US$339.3m (up 213% from 2Q 2021). Profit margin: 58% (up from 21% in 2Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 702% growth forecast for the industry in Germany.
Recent Insider Transactions • May 26Independent Chairman of the Board recently bought €87k worth of stockOn the 24th of May, R. Rankin bought around 525 shares on-market at roughly €165 per share. This was the largest purchase by an insider in the last 3 months. R. has been a buyer over the last 12 months, purchasing a net total of €168k worth in shares.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: US$1.10 (vs US$0.93 in 1Q 2021)First quarter 2022 results: EPS: US$1.10 (up from US$0.93 in 1Q 2021). Revenue: US$364.1m (up 12% from 1Q 2021). Net income: US$42.1m (up 17% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 114% growth forecast for the industry in Germany.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$6.45 (up from US$0.34 in FY 2020). Revenue: US$1.60b (up 52% from FY 2020). Net income: US$249.1m (up US$235.6m from FY 2020). Profit margin: 16% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 110% growth forecast for the restaurants industry in Germany.
Recent Insider Transactions • Aug 05Independent Director recently bought €158k worth of stockOn the 2nd of August, Karole Lloyd bought around 1k shares on-market at roughly €158 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €239k more in shares than they have sold in the last 12 months.
Reported Earnings • Jul 30Second quarter 2021 earnings released: EPS US$2.80 (vs US$0.60 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$515.1m (up 178% from 2Q 2020). Net income: US$108.3m (up US$131.9m from 2Q 2020). Profit margin: 21% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue.
Reported Earnings • Apr 24First quarter 2021 earnings released: EPS US$0.93 (vs US$0.57 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$324.3m (up 28% from 1Q 2020). Net income: US$36.1m (up US$58.6m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue.
Reported Earnings • Feb 26Full year 2020 earnings released: EPS US$0.34 (vs US$3.49 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.05b (down 21% from FY 2019). Net income: US$13.5m (down 90% from FY 2019). Profit margin: 1.3% (down from 11% in FY 2019).
Analyst Estimate Surprise Post Earnings • Feb 26Revenue beats expectationsRevenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 44%, compared to a 27% growth forecast for the Hospitality industry in Germany.
Is New 90 Day High Low • Feb 24New 90-day high: €185The company is up 20% from its price of €154 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €228 per share.
Is New 90 Day High Low • Jan 12New 90-day high: €171The company is up 18% from its price of €145 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €234 per share.
Is New 90 Day High Low • Dec 17New 90-day high: €165The company is up 22% from its price of €135 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €218 per share.