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Churchill Downs, Incorporated (CHDN)

NEUTRAL
Consumer CyclicalGamblingUnited States

Fundamental

68

Kurs

$89.03

Marktkapitalisierung

$6.53B

Teil 1 · Was das Unternehmen wert ist

Übersicht

Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.

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Bilanz & Liquidität

Umsatz

$2.99B

Letzte 12 Monate (bis 30.6.2026)

Nettogewinn

$413M

Letzte 12 Monate (bis 30.6.2026)

Freier Cashflow

-

Gesamtes Eigenkapital

$1.01B

Gesamtverbindlichkeiten

$6.43B

Current Ratio

0.36

Zinsdeckungsgrad

2.47

Schulden/EBITDA

5.21

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

Fair bewertet

Innerer Wert

$95.38

Aktueller Kurs

$89.03

Sicherheitsmarge

+6.7%

Innerer-Wert-Spanne

$68.33 - $122.44

Bewertungsmethoden

Analyst Target:$131.64
DCF:$75.35
PE-based:$67.60
Graham Growth:$95.89
EPV:$93.35
Analystenkonsens:Starker Kauf (17B / 1H / 0S)
Letzte Gewinnüberraschung:-1.11%

Bewertungskennzahlen

P/E-Verhältnis

15.48

ROE

37.9%

P/B-Verhältnis

4.71

P/FCF

-

Bruttomarge

-

ROIC

9.3%

Rentabilitäts-Radar

Value Creation (Economic Moat)

ROIC

9.3%

WACC

7.1%

ROIC − WACC

+2.2 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamentalanalyse-Kriterien

Bestanden (15)

  • EPS shows upward trend
  • EPS CAGR 9.66%
  • Price CAGR 14.09%
  • ROIC 9.3%
  • Operating Margin 24.1%
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 36.9%
  • Revenue Growth 5Y 22.6%
  • Analyst Consensus 94% Buy
  • Earnings Surprise avg 4.4%
  • Earnings Quality (OCF/NI) 1.92
  • Share Dilution -3.6%
  • Piotroski F-Score 6/9

Nicht bestanden (7)

  • P/B Ratio 4.71
  • Debt/Equity ratio
  • Current Ratio
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Net Margin Trend 13.8% vs 15.2%

Nicht verfügbar (6)

  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

6/9

Gemischte Signale: Einige Bereiche bedürfen Aufmerksamkeit

score
criteria

Gewinnqualität

1.92

Hohe Qualität: Gewinne durch Cashflow gedeckt

Aktienverwässerung

-3.6%

Aktienrückkäufe. Aktionärsfreundlich

Unternehmensführung

Führungsteam

NamePositionAlter
Mr. William C. CarstanjenCEO & Director57
Mr. William E. MuddPresident & COO54
Ms. Marcia Ann Dall CPAExecutive VP & CFO61
Mr. Bradley K. Blackwell J.D.Executive VP, General Counsel & Secretary53
Mr. Jon E. RauchVP & Chief Accounting Officer-
Mr. Nate SimonSenior VP & CTO-
Sam UllrichVice President of Investor Relations-
Mr. Jason SauerSenior Vice President of Corporate Development-
Ms. M. Katherine ArmstrongSenior VP of Human Resources-
Mr. Michael W. AndersonSenior VP & President of Churchill Downs Racetrack54

Prüfungsrisiko

4

Vorstandsrisiko

2

Vergütungsrisiko

3

Aktionärsrechterisiko

7

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

Latest News

Recent headlines for CHDN, sourced from Markets Gazette.

  • 2/21/2026POSITIVE
    Beck Bode Initiates Churchill Downs Position as Regional Gaming Expansion Lifts Growth Prospects

    Beck Bode has initiated a position in Churchill Downs Inc., signaling confidence in the company's growth prospects. Churchill Downs is actively expanding its network of casinos and historical racing venues, aiming to generate recurring revenue streams from the gaming sector. Investors are assessing the effectiveness of this investment phase, but Beck Bode's initiative suggests a positive outlook on the economic returns of these expansions. The strategy seeks to diversify profit sources beyond the traditional annual horse racing event, solidifying the company's presence in the gaming market.

via Markets Gazette