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Churchill Downs, Incorporated (CHDN)

NEUTRAL
Consumer CyclicalGamblingUnited States

Fondamental

68

Prix

$89.70

Capitalisation boursière

$6.53B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

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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Who this company fights with for the same customers

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Bilan & Liquidités

Chiffre d'affaires

$2.99B

12 derniers mois (au 30/06/2026)

Résultat net

$413M

12 derniers mois (au 30/06/2026)

Flux de trésorerie libre

-

Capitaux propres totaux

$1.01B

Passif total

$6.43B

Ratio de liquidité général

0.36

Couverture des intérêts

2.47

Dette/EBITDA

5.21

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Justement valorisé

Juste valeur

$95.38

Prix actuel

$89.70

Marge de sécurité

+6.0%

Fourchette de juste valeur

$68.33 - $122.44

Méthodes d'estimation

Analyst Target:$131.64
DCF:$75.35
PE-based:$67.60
Graham Growth:$95.89
EPV:$93.35
Consensus des analystes:Achat fort (17B / 1H / 0S)
Dernière surprise sur les résultats:-1.11%

Indicateurs de valorisation

Ratio P/E

15.48

ROE

37.9%

Ratio P/B

4.71

P/FCF

-

Marge brute

-

ROIC

9.3%

Radar de rentabilité

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.

Critères d'analyse fondamentale

Réussi (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

Échoué (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%

Indisponible (6)

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

Score F de Piotroski

6/9

Signaux mixtes : certains domaines nécessitent attention

score
criteria

Qualité des bénéfices

1.92

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

-3.6%

Rachat d'actions. Favorable aux actionnaires

Gouvernance

Équipe dirigeante

NomTitreÂge
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

Risque d'audit

4

Risque du conseil

2

Risque de rémunération

3

Risque droits des actionnaires

7

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

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