Churchill Downs Incorporated

DB:CHR Stock Report

Market Cap: €9.6b

Churchill Downs Management

Management criteria checks 3/4

Churchill Downs' CEO is Bill Carstanjen, appointed in Aug 2014, has a tenure of 10.42 years. total yearly compensation is $12.21M, comprised of 13.3% salary and 86.7% bonuses, including company stock and options. directly owns 2.14% of the company’s shares, worth €205.09M. The average tenure of the management team and the board of directors is 3.8 years and 11.3 years respectively.

Key information

Bill Carstanjen

Chief executive officer

US$12.2m

Total compensation

CEO salary percentage13.3%
CEO tenure10.4yrs
CEO ownership2.1%
Management average tenure3.8yrs
Board average tenure11.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Carstanjen's remuneration changed compared to Churchill Downs's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$411m

Jun 30 2024n/an/a

US$408m

Mar 31 2024n/an/a

US$342m

Dec 31 2023US$12mUS$2m

US$417m

Sep 30 2023n/an/a

US$361m

Jun 30 2023n/an/a

US$357m

Mar 31 2023n/an/a

US$553m

Dec 31 2022US$12mUS$2m

US$439m

Sep 30 2022n/an/a

US$482m

Jun 30 2022n/an/a

US$486m

Mar 31 2022n/an/a

US$255m

Dec 31 2021US$14mUS$2m

US$249m

Sep 30 2021n/an/a

US$222m

Jun 30 2021n/an/a

US$204m

Mar 31 2021n/an/a

US$72m

Dec 31 2020US$10mUS$1m

US$14m

Sep 30 2020n/an/a

US$2m

Jun 30 2020n/an/a

-US$26m

Mar 31 2020n/an/a

US$106m

Dec 31 2019US$11mUS$1m

US$140m

Sep 30 2019n/an/a

US$143m

Jun 30 2019n/an/a

US$186m

Mar 31 2019n/an/a

US$180m

Dec 31 2018US$21mUS$1m

US$183m

Compensation vs Market: Bill's total compensation ($USD12.21M) is above average for companies of similar size in the German market ($USD4.76M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Carstanjen (56 yo)

10.4yrs

Tenure

US$12,211,634

Compensation

Mr. William C. Carstanjen, also known as Bill, is Chief Executive Officer and Director of Churchill Downs Incorporated from August 2014 and July 2015 respectively. He joined the Churchill Downs Incorporate...

Leadership Team

NamePositionTenureCompensationOwnership
William Carstanjen
CEO & Director10.4yrsUS$12.21m2.14%
€ 205.1m
William Mudd
President & COO10.4yrsUS$6.14m0.92%
€ 87.8m
Marcia Dall
Executive VP & CFO9.3yrsUS$4.38m0.19%
€ 18.0m
Bradley Blackwell
Executive VP7.8yrsUS$2.70m0.030%
€ 2.9m
Maureen Adams
Executive Vice President of Gaming Operations2.9yrsUS$2.46m0.015%
€ 1.5m
Jon Rauch
VP & Chief Accounting Officerno datano datano data
Nate Simon
Senior VP & CTO2.9yrsno datano data
Sam Ullrich
Vice President of Investor Relationsless than a yearno datano data
Tonya Abeln
Vice President of Corporate Communicationsno datano datano data
Jason Sauer
Senior Vice President of Corporate Development3.6yrsno datano data
Katherine Armstrong
Senior VP of Human Resources2.6yrsno datano data
Michael Anderson
Senior VP & President of Churchill Downs Racetrack4.1yrsUS$247.56kno data

3.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: CHR's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
William Carstanjen
CEO & Director9.5yrsUS$12.21m2.14%
€ 205.1m
Douglas Grissom
Independent Director7.5yrsUS$284.50k0%
€ 0
Thomas Meeker
Director Emeritusno dataUS$579.50kno data
Charles Bidwill
Director Emeritus19.6yrsno datano data
G. Humphrey
Director Emeritusno dataUS$41.59kno data
Carl Pollard
Director Emeritus13.6yrsUS$40.00kno data
Ulysses Bridgeman
Independent Director13yrsUS$263.75k0%
€ 0
Daniel Harrington
Independent Director27yrsUS$306.00k0.00049%
€ 46.9k
Paul Varga
Independent Director4.9yrsUS$293.50k0.027%
€ 2.6m
R. Rankin
Independent Chairman of the Board17yrsUS$394.00k0.062%
€ 5.9m
Andréa Carter
Independent Director2.1yrsUS$266.73k0.0017%
€ 163.5k
Karole Lloyd
Independent Director6.8yrsUS$301.00k0.027%
€ 2.6m

11.3yrs

Average Tenure

68.5yo

Average Age

Experienced Board: CHR's board of directors are seasoned and experienced ( 11.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 12:11
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Churchill Downs Incorporated is covered by 23 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zachary SilverbergBerenberg
Shaun KelleyBofA Global Research
Justin SebastianoBrean Capital