Churchill Downs Management
Management criteria checks 4/4
Churchill Downs' CEO is Bill Carstanjen, appointed in Aug 2014, has a tenure of 10.33 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 $209.23M. The average tenure of the management team and the board of directors is 3.8 years and 11.2 years respectively.
Key information
Bill Carstanjen
Chief executive officer
US$12.2m
Total compensation
| CEO salary percentage | 13.3% |
| CEO tenure | 10.3yrs |
| CEO ownership | 2.1% |
| Management average tenure | 3.8yrs |
| Board average tenure | 11.2yrs |
Recent management updates
Recent updates
Is Now An Opportune Moment To Examine Churchill Downs Incorporated (NASDAQ:CHDN)?
Dec 16
Is Churchill Downs Incorporated (NASDAQ:CHDN) Trading At A 28% Discount?
Nov 18Churchill Downs Incorporated's (NASDAQ:CHDN) Share Price Matching Investor Opinion
Oct 08Returns On Capital At Churchill Downs (NASDAQ:CHDN) Have Stalled
Sep 23Is It Time To Consider Buying Churchill Downs Incorporated (NASDAQ:CHDN)?
Sep 08Churchill Downs: Still Under The Radar, Still An Excellent Business
Sep 03Is Now The Time To Put Churchill Downs (NASDAQ:CHDN) On Your Watchlist?
Aug 08An Intrinsic Calculation For Churchill Downs Incorporated (NASDAQ:CHDN) Suggests It's 40% Undervalued
Jul 11Returns On Capital At Churchill Downs (NASDAQ:CHDN) Have Stalled
Jun 21Churchill Downs: Solid Performing Gaming Stock Eschews Scale For EBITDA Growth
Jun 10Here's Why Churchill Downs (NASDAQ:CHDN) Has A Meaningful Debt Burden
Jun 08When Should You Buy Churchill Downs Incorporated (NASDAQ:CHDN)?
May 27Churchill Downs Incorporated's (NASDAQ:CHDN) Popularity With Investors Is Clear
Apr 29Churchill Downs: Making A Wager On This Proven Compounder
Apr 28Churchill Downs Incorporated's (NASDAQ:CHDN) Intrinsic Value Is Potentially 68% Above Its Share Price
Mar 31What Does Churchill Downs Incorporated's (NASDAQ:CHDN) Share Price Indicate?
Feb 14Churchill Downs: Accelerating Growth Might Justify High Valuation
Feb 06Churchill Downs (NASDAQ:CHDN) Takes On Some Risk With Its Use Of Debt
Jan 08Churchill Downs Incorporated's (NASDAQ:CHDN) Earnings Haven't Escaped The Attention Of Investors
Dec 21Churchill Downs: Ellis Park Acquisition Should Accelerate Growth
Oct 19Churchill Downs to divest 49% of United Tote to New York Racing Association
Aug 12Churchill Downs Q2 2022 Earnings Preview
Jul 26CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$411m |
| Jun 30 2024 | n/a | n/a | US$408m |
| Mar 31 2024 | n/a | n/a | US$342m |
| Dec 31 2023 | US$12m | US$2m | US$417m |
| Sep 30 2023 | n/a | n/a | US$361m |
| Jun 30 2023 | n/a | n/a | US$357m |
| Mar 31 2023 | n/a | n/a | US$553m |
| Dec 31 2022 | US$12m | US$2m | US$439m |
| Sep 30 2022 | n/a | n/a | US$482m |
| Jun 30 2022 | n/a | n/a | US$486m |
| Mar 31 2022 | n/a | n/a | US$255m |
| Dec 31 2021 | US$14m | US$2m | US$249m |
| Sep 30 2021 | n/a | n/a | US$222m |
| Jun 30 2021 | n/a | n/a | US$204m |
| Mar 31 2021 | n/a | n/a | US$72m |
| Dec 31 2020 | US$10m | US$1m | US$14m |
| Sep 30 2020 | n/a | n/a | US$2m |
| Jun 30 2020 | n/a | n/a | -US$26m |
| Mar 31 2020 | n/a | n/a | US$106m |
| Dec 31 2019 | US$11m | US$1m | US$140m |
| Sep 30 2019 | n/a | n/a | US$143m |
| Jun 30 2019 | n/a | n/a | US$186m |
| Mar 31 2019 | n/a | n/a | US$180m |
| Dec 31 2018 | US$21m | US$1m | US$183m |
| Sep 30 2018 | n/a | n/a | US$210m |
| Jun 30 2018 | n/a | n/a | US$165m |
| Mar 31 2018 | n/a | n/a | US$134m |
| Dec 31 2017 | US$7m | US$1m | US$122m |
Compensation vs Market: Bill's total compensation ($USD12.21M) is about average for companies of similar size in the US market ($USD12.86M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
CEO
Bill Carstanjen (56 yo)
10.3yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.3yrs | US$12.21m | 2.14% $ 209.2m | |
| President & COO | 10.3yrs | US$6.14m | 0.92% $ 89.5m | |
| Executive VP & CFO | 9.2yrs | US$4.38m | 0.19% $ 18.4m | |
| Executive VP | 7.8yrs | US$2.70m | 0.030% $ 2.9m | |
| Executive Vice President of Gaming Operations | 2.8yrs | US$2.46m | 0.015% $ 1.5m | |
| VP & Chief Accounting Officer | no data | no data | no data | |
| Senior VP & CTO | 2.8yrs | no data | no data | |
| Vice President of Investor Relations | less than a year | no data | no data | |
| Vice President of Corporate Communications | no data | no data | no data | |
| Senior Vice President of Corporate Development | 3.5yrs | no data | no data | |
| Senior VP of Human Resources | 2.5yrs | no data | no data | |
| Senior VP & President of Churchill Downs Racetrack | 4yrs | US$247.56k | no data |
3.8yrs
Average Tenure
54.5yo
Average Age
Experienced Management: CHDN's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.4yrs | US$12.21m | 2.14% $ 209.2m | |
| Independent Director | 7.4yrs | US$284.50k | 0% $ 0 | |
| Director Emeritus | no data | US$579.50k | no data | |
| Director Emeritus | 19.5yrs | no data | no data | |
| Director Emeritus | no data | US$41.59k | no data | |
| Director Emeritus | 13.5yrs | US$64.00k | no data | |
| Independent Director | 12.9yrs | US$263.75k | 0% $ 0 | |
| Independent Director | 26.9yrs | US$306.00k | 0.00049% $ 47.8k | |
| Independent Director | 4.8yrs | US$293.50k | 0.027% $ 2.6m | |
| Independent Chairman of the Board | 16.9yrs | US$394.00k | 0.062% $ 6.0m | |
| Independent Director | 2yrs | US$266.73k | 0.0017% $ 166.8k | |
| Independent Director | 6.7yrs | US$301.00k | 0.027% $ 2.7m |
11.2yrs
Average Tenure
68.5yo
Average Age
Experienced Board: CHDN's board of directors are seasoned and experienced ( 11.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 22:40 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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Industry and Sector Metrics
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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.
| Analyst | Institution |
|---|---|
| Zachary Silverberg | Berenberg |
| Shaun Kelley | BofA Global Research |
| Justin Sebastiano | Brean Capital |