Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. More Details
Exceptional growth potential and slightly overvalued.
Share Price & News
How has Churchill Downs's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CHDN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CHDN exceeded the US Hospitality industry which returned -18.5% over the past year.
Return vs Market: CHDN exceeded the US Market which returned 12.8% over the past year.
Price Volatility Vs. Market
How volatile is Churchill Downs's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall StA Sliding Share Price Has Us Looking At Churchill Downs Incorporated's (NASDAQ:CHDN) P/E Ratio
6 months ago | Simply Wall StInsider Buying: The Churchill Downs Incorporated (NASDAQ:CHDN) Independent Chairman of the Board Just Bought US$127k Worth Of Shares
6 months ago | Simply Wall StResults: Churchill Downs Incorporated Beat Earnings Expectations And Analysts Now Have New Forecasts
Is Churchill Downs undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CHDN ($158.31) is trading below our estimate of fair value ($606.9)
Significantly Below Fair Value: CHDN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CHDN is unprofitable, so we can't compare its PE Ratio to the US Hospitality industry average.
PE vs Market: CHDN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CHDN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CHDN is overvalued based on its PB Ratio (19.2x) compared to the US Hospitality industry average (2.2x).
How is Churchill Downs forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CHDN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: CHDN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CHDN's is expected to become profitable in the next 3 years.
Revenue vs Market: CHDN's revenue (27.6% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: CHDN's revenue (27.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CHDN's Return on Equity is forecast to be very high in 3 years time (41.1%).
How has Churchill Downs performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CHDN is currently unprofitable.
Growing Profit Margin: CHDN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CHDN is unprofitable, but has reduced losses over the past 5 years at a rate of 13.1% per year.
Accelerating Growth: Unable to compare CHDN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CHDN is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-46.9%).
Return on Equity
High ROE: CHDN has a negative Return on Equity (-8.3%), as it is currently unprofitable.
How is Churchill Downs's financial position?
Financial Position Analysis
Short Term Liabilities: CHDN's short term assets ($817.7M) exceed its short term liabilities ($488.2M).
Long Term Liabilities: CHDN's short term assets ($817.7M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: CHDN's debt to equity ratio (671.8%) is considered high.
Reducing Debt: CHDN's debt to equity ratio has increased from 81.8% to 671.8% over the past 5 years.
Debt Coverage: CHDN's debt is not well covered by operating cash flow (7%).
Interest Coverage: CHDN is unprofitable, therefore interest payments are not well covered by earnings.
What is Churchill Downs's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CHDN's dividend (0.37%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: CHDN's dividend (0.37%) is low compared to the top 25% of dividend payers in the US market (4.7%).
Stability and Growth of Payments
Stable Dividend: CHDN is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: CHDN is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CHDN is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CHDN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Carstanjen (52 yo)
Mr. William C. Carstanjen, also known as Bill, has been the Chief Executive Officer of Churchill Downs Incorporated since August 2014. Mr. Carstanjen served as the Chief Operating Officer of Churchill Down ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD10.60M) is above average for companies of similar size in the US market ($USD7.39M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
|CEO & Director||6.08yrs||US$10.60m||1.38% |
|President & COO||6.08yrs||US$5.27m||0.70% |
|Executive VP & CFO||4.92yrs||US$2.59m||0.10% |
|Senior Vice President of Gaming Operations||7.08yrs||US$1.81m||0.064% |
|Chief Accounting Officer & VP||no data||no data||no data|
|Senior VP & CTO||8.67yrs||no data||no data|
|Vice President of Treasury||3.17yrs||no data||no data|
|Senior VP||3.5yrs||no data||no data|
|Senior Vice President of Human Resources||no data||no data||no data|
|Senior VP & President of Churchill Downs Racetrack||no data||no data||no data|
|Senior Vice President of Business Development||7.92yrs||no data||no data|
|Senior VP & President of Arlington Racecourse||9.92yrs||no data||no data|
Experienced Management: CHDN's management team is seasoned and experienced (6.1 years average tenure).
|CEO & Director||6.08yrs||US$10.60m||1.38% |
|Independent Director||3.17yrs||US$270.75k||no data|
|Director Emeritus||no data||US$1.72m||no data|
|Director Emeritus||15.25yrs||no data||no data|
|Director Emeritus||no data||US$41.59k||no data|
|Director Emeritus||9.25yrs||US$64.00k||no data|
|Independent Director||20.67yrs||US$280.75k||no data|
|Independent Director||8.67yrs||US$273.25k||no data|
|Independent Director||22.67yrs||US$296.60k||no data|
|Independent Director||0.58yr||no data||0.021% |
|Independent Chairman of the Board||2.42yrs||US$381.50k||0.11% |
|Independent Director||2.42yrs||US$281.85k||0.023% |
Experienced Board: CHDN's board of directors are considered experienced (6.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Churchill Downs Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Churchill Downs Incorporated
- Ticker: CHDN
- Exchange: NasdaqGS
- Founded: 1928
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: US$6.151b
- Shares outstanding: 38.86m
- Website: https://www.churchilldownsincorporated.com
Number of Employees
- Churchill Downs Incorporated
- 600 North Hurstbourne Parkway
- Suite 400
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CHDN||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1975|
|CHR||BST (Boerse-Stuttgart)||Yes||Common Stock||DE||EUR||Jan 1975|
|CHR||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1975|
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Churchill Downs, Online Wagering, and Gaming. ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/21 05:53|
|End of Day Share Price||2020/09/18 00:00|
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.