Churchill Downs, Incorporated (CHDN)
NEUTRAL基本面
68
价格
$89.03
市值
$6.53B
第一部分 · 这家公司值多少
概览
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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资产负债表与流动性
营收
$2.99B
最近12个月（截至2026/6/30）
净利润
$413M
最近12个月（截至2026/6/30）
自由现金流
-
股东权益合计
$1.01B
负债合计
$6.43B
流动比率
0.36
利息覆盖率
2.47
债务/EBITDA
5.21
每股收益
营收与净利润
自由现金流
收入构成
历史财务表
利润率变化
债务变化
债务负担有多重
增长一览表
增长 — 营业收入
公允价值估算
公允价值
$95.38
当前价格
$89.03
安全边际
+6.7%
公允价值区间
$68.33 - $122.44
估算方法
估值指标
市盈率（P/E）
15.48
ROE
37.9%
市净率（P/B）
4.71
P/FCF
-
毛利率
-
ROIC
9.3%
盈利能力雷达图
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.
基本面分析标准
通过（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
未通过（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%
不可用（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-评分
信号混杂：部分领域需关注
盈利质量
高质量：盈利有现金流支撑
股权稀释
正在回购股份，对股东友好
公司治理
管理团队
| 姓名 | 职位 | 年龄 |
|---|---|---|
| Mr. William C. Carstanjen | CEO & Director | 57 |
| Mr. William E. Mudd | President & COO | 54 |
| Ms. Marcia Ann Dall CPA | Executive VP & CFO | 61 |
| Mr. Bradley K. Blackwell J.D. | Executive VP, General Counsel & Secretary | 53 |
| Mr. Jon E. Rauch | VP & Chief Accounting Officer | - |
| Mr. Nate Simon | Senior VP & CTO | - |
| Sam Ullrich | Vice President of Investor Relations | - |
| Mr. Jason Sauer | Senior Vice President of Corporate Development | - |
| Ms. M. Katherine Armstrong | Senior VP of Human Resources | - |
| Mr. Michael W. Anderson | Senior VP & President of Churchill Downs Racetrack | 54 |
审计风险
4
董事会风险
2
薪酬风险
3
股东权利风险
7
第二部分 · 价格与买入时机
这一部分不判断公司是否值得拥有：它帮助你在基本面说服你之后，选择何时买入。包含：技术分析、潜力、历史回撤、Gamma 敞口。
Latest News
Recent headlines for CHDN, sourced from Markets Gazette.
- 2/21/2026POSITIVEBeck 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