Churchill Downs Financials

CHDN Stock  USD 126.00  1.43  1.15%   
Based on the key indicators related to Churchill Downs' liquidity, profitability, solvency, and operating efficiency, Churchill Downs Incorporated is doing better financially today then in previous quarter. It has a moderate chance of reporting better financial numbers in February. At this time, Churchill Downs' Net Debt is very stable compared to the past year. As of the 18th of January 2025, Retained Earnings is likely to grow to about 1.1 B, while Common Stock Shares Outstanding is likely to drop about 86 M. Key indicators impacting Churchill Downs' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.160.15
Notably Up
Slightly volatile
Return On Assets0.06790.069
Fairly Down
Very volatile
Return On Equity0.440.42
Sufficiently Up
Slightly volatile
Debt Equity Ratio5.114.87
Sufficiently Up
Slightly volatile
Operating Income681 M648.6 M
Sufficiently Up
Slightly volatile
Current Ratio0.560.48
Fairly Up
Pretty Stable
Investors should never underestimate Churchill Downs' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Churchill Downs' cash flow, debt, and profitability to make informed and accurate decisions about investing in Churchill Downs Incorporated.

Net Income

503.89 Million

  
Understanding current and past Churchill Downs Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Churchill Downs' financial statements are interrelated, with each one affecting the others. For example, an increase in Churchill Downs' assets may result in an increase in income on the income statement.

Churchill Downs Stock Summary

Churchill Downs competes with Accel Entertainment, PlayAGS, International Game, Everi Holdings, and Light Wonder. Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky. Churchill Downs operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 3800 people.
Specialization
Consumer Discretionary, Consumer Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS1714841087
CUSIP171484108
LocationKentucky; U.S.A
Business Address600 North Hurstbourne
SectorHotels, Restaurants & Leisure
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitewww.churchilldownsincorporated.com
Phone502 636 4400
CurrencyUSD - US Dollar

Churchill Downs Key Financial Ratios

Churchill Downs Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets2.7B3.0B6.2B7.0B8.0B8.4B
Other Current Liab349.5M257.8M388M456.1M524.5M550.7M
Net Debt1.6B1.7B4.5B4.7B5.4B5.7B
Retained Earnings349.8M307.7M552.4M894.5M1.0B1.1B
Accounts Payable70.7M81.6M145.5M158.5M182.3M191.4M
Cash67.4M291.3M129.8M144.5M166.2M174.5M
Net Receivables85.9M108.3M95.5M119.5M137.4M144.3M
Other Current Assets81.8M101.9M119.2M136.8M157.3M165.2M
Total Liab2.3B2.7B5.7B6.1B7.0B7.3B
Total Current Assets235.1M501.5M344.5M400.8M460.9M484.0M
Inventory53.6M64.3M74.9M77.3M88.9M93.3M
Intangible Assets350.6M348.1M2.4B2.4B2.8B2.9B
Other Liab247.7M276.8M286.5M433.8M498.9M523.8M
Long Term Debt1.1B1.3B2.5B4.8B5.5B5.8B
Other Assets21.1M653M106.7M109M125.4M146.6M
Net Tangible Assets(228.6M)(350.3M)(408.1M)(2.6B)(2.3B)(2.2B)
Long Term Debt Total1.1B1.1B1.3B2.5B2.8B3.0B

Churchill Downs Key Income Statement Accounts

202020212022202320242025 (projected)
Interest Expense80M84.7M147.3M268.4M308.7M324.1M
Total Revenue1.1B1.6B1.8B2.5B2.8B3.0B
Gross Profit193.5M446.1M566.4M795.7M915.1M960.8M
Operating Income106.5M451.5M561.9M564M648.6M681.0M
Ebit88M428.3M756.1M830.2M954.7M1.0B
Ebitda185.9M536.8M875.1M1.0B1.2B1.2B
Cost Of Revenue860.5M1.2B1.2B1.7B1.9B2.0B
Income Before Tax8M343.6M608.8M561.8M646.1M678.4M
Net Income13.3M249.1M439.4M417.3M479.9M503.9M
Income Tax Expense(5.3M)94.5M169.4M144.5M166.2M174.5M
Research Development9.4M10.3M10.7M11.2M12.9M10.9M
Tax Provision(5.3M)94.5M169.4M144.5M166.2M174.5M
Net Interest Income(80M)(84.7M)(147.3M)(268.4M)(241.6M)(229.5M)

Churchill Downs Key Cash Accounts

202020212022202320242025 (projected)
Change In Cash(21.5M)234.6M(150.9M)17.1M19.7M20.6M
Free Cash Flow(92.3M)243.7M80M(70.7M)(81.3M)(77.2M)
Depreciation97.9M108.5M119M175.2M201.5M211.6M
Other Non Cash Items25M(137.2M)(198.7M)(74.7M)(67.2M)(63.9M)
Capital Expenditures234.2M91.8M456.8M676.5M778.0M816.9M
Net Income(82.1M)249.1M439.4M417.3M479.9M503.9M
End Period Cash Flow121M355.6M204.7M221.8M255.1M267.8M
Dividends Paid23.4M24.8M26M27.1M31.2M50.5M
Change To Netincome45.6M49.8M(99.6M)(58.2M)(52.4M)(49.8M)
Net Borrowings587.1M144.4M332.5M2.6B3.0B3.2B
Investments(239.4M)(100.4M)(3.1B)(3.5B)(3.2B)(3.0B)

Churchill Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Churchill Downs's current stock value. Our valuation model uses many indicators to compare Churchill Downs value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Churchill Downs competition to find correlations between indicators driving Churchill Downs's intrinsic value. More Info.
Churchill Downs Incorporated is number one stock in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.15  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Churchill Downs Incorporated is roughly  6.62 . At this time, Churchill Downs' Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Churchill Downs' earnings, one of the primary drivers of an investment's value.

Churchill Downs Systematic Risk

Churchill Downs' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Churchill Downs volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Churchill Downs correlated with the market. If Beta is less than 0 Churchill Downs generally moves in the opposite direction as compared to the market. If Churchill Downs Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Churchill Downs is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Churchill Downs is generally in the same direction as the market. If Beta > 1 Churchill Downs moves generally in the same direction as, but more than the movement of the benchmark.

Churchill Downs Thematic Clasifications

Churchill Downs Incorporated is part of Gambling investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Equities that are issued by public entities related to gambling services or online betting technology. Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets
GamblingView
This theme covers Equities that are issued by public entities related to gambling services or online betting technology. Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets. Get More Thematic Ideas
Today, most investors in Churchill Downs Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Churchill Downs' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Churchill Downs growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(6.16)

At this time, Churchill Downs' Price Earnings To Growth Ratio is very stable compared to the past year.

Churchill Downs January 18, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Churchill Downs help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Churchill Downs Incorporated. We use our internally-developed statistical techniques to arrive at the intrinsic value of Churchill Downs Incorporated based on widely used predictive technical indicators. In general, we focus on analyzing Churchill Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Churchill Downs's daily price indicators and compare them against related drivers.
When determining whether Churchill Downs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Churchill Downs' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Churchill Downs Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Churchill Downs Incorporated Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Churchill Downs Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.089
Dividend Share
0.382
Earnings Share
5.59
Revenue Per Share
35.989
Quarterly Revenue Growth
0.098
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.