Churchill Downs Incorporated Stock Buy Hold or Sell Recommendation
| CHDN Stock | USD 141.83 0.04 0.03% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Churchill Downs Incorporated is 'Hold'. The recommendation algorithm takes into account all of Churchill Downs' available fundamental, technical, and predictive indicators you will find on this site.
Check out Churchill Downs Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Churchill and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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.
Churchill |
Execute Churchill Downs Buy or Sell Advice
The Churchill recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Churchill Downs Incorporated. Macroaxis does not own or have any residual interests in Churchill Downs Incorporated or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Churchill Downs' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Churchill Downs Trading Alerts and Improvement Suggestions
| Over 79.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from businesswire.com: Shaun Whites The Snow League and NBC Sports Announce Media Rights Agreement |
Churchill Downs Returns Distribution Density
The distribution of Churchill Downs' historical returns is an attempt to chart the uncertainty of Churchill Downs' future price movements. The chart of the probability distribution of Churchill Downs daily returns describes the distribution of returns around its average expected value. We use Churchill Downs Incorporated price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Churchill Downs returns is essential to provide solid investment advice for Churchill Downs.
| Mean Return | 0.07 | Value At Risk | -2.15 | Potential Upside | 2.12 | Standard Deviation | 1.56 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Churchill Downs historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Churchill Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Churchill Downs, soars without any apparent reason. This usually happens because many institutional investors are aggressively trading Churchill Downs Incorporated back and forth among themselves. Companies that invest excess capital in these types of assets may also be included in this term and can influence corporate governance by exercising voting rights in their investments.
| Shares | Citadel Advisors Llc | 2024-09-30 | 1.2 M | Ameriprise Financial Inc | 2024-06-30 | 1.1 M | William Blair Investment Management, Llc | 2024-09-30 | 1.1 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1 M | Jennison Associates Llc | 2024-09-30 | 947.1 K | Hudson Way Capital Management Llc | 2024-09-30 | 924 K | Bank Of America Corp | 2024-06-30 | 764.3 K | Westfield Capital Management Company, Lp | 2024-09-30 | 763.6 K | Nitorum Capital, L.p. | 2024-09-30 | 642.8 K | Blackrock Inc | 2024-06-30 | 7.5 M | Vanguard Group Inc | 2024-09-30 | 6.7 M |
Churchill Downs Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (30.8M) | (21.5M) | 234.6M | (150.9M) | 17.1M | 18.0M | |
| Free Cash Flow | 126.3M | (92.3M) | 243.7M | 80M | (70.7M) | (67.2M) | |
| Depreciation | 101M | 97.9M | 108.5M | 119M | 175.2M | 184.0M | |
| Other Non Cash Items | (9.7M) | 25M | (137.2M) | (198.7M) | (74.7M) | (71.0M) | |
| Capital Expenditures | 163.3M | 234.2M | 91.8M | 456.8M | 676.5M | 710.3M | |
| Net Income | 137.2M | (82.1M) | 249.1M | 439.4M | 417.3M | 438.2M | |
| End Period Cash Flow | 142.5M | 121M | 355.6M | 204.7M | 221.8M | 232.9M | |
| Dividends Paid | 22.2M | 23.4M | 24.8M | 26M | 27.1M | 50.5M | |
| Change To Netincome | 45.6M | 49.8M | (99.6M) | (58.2M) | (52.4M) | (49.8M) | |
| Net Borrowings | 587.1M | 144.4M | 332.5M | 2.6B | 3.0B | 3.2B | |
| Investments | (410.1M) | (239.4M) | (100.4M) | (3.1B) | (3.5B) | (3.4B) |
Churchill Downs Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Churchill Downs or Hotels, Restaurants & Leisure sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Churchill Downs' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Churchill stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 1.13 | |
σ | Overall volatility | 1.58 | |
Ir | Information ratio | -0.04 |
Churchill Downs Volatility Alert
Churchill Downs Incorporated has relatively low volatility with skewness of 1.81 and kurtosis of 7.67. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Churchill Downs' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Churchill Downs' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Churchill Downs Fundamentals Vs Peers
Comparing Churchill Downs' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Churchill Downs' direct or indirect competition across all of the common fundamentals between Churchill Downs and the related equities. This way, we can detect undervalued stocks with similar characteristics as Churchill Downs or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Churchill Downs' fundamental indicators could also be used in its relative valuation, which is a method of valuing Churchill Downs by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Churchill Downs to competition |
| Fundamentals | Churchill Downs | Peer Average |
| Return On Equity | 0.41 | -0.31 |
| Return On Asset | 0.0625 | -0.14 |
| Profit Margin | 0.15 % | (1.27) % |
| Operating Margin | 0.20 % | (5.51) % |
| Current Valuation | 15.11 B | 16.62 B |
| Shares Outstanding | 73.5 M | 571.82 M |
| Shares Owned By Insiders | 9.90 % | 10.09 % |
| Shares Owned By Institutions | 79.13 % | 39.21 % |
| Number Of Shares Shorted | 1.48 M | 4.71 M |
| Price To Earning | 16.29 X | 28.72 X |
| Price To Book | 9.51 X | 9.51 X |
| Price To Sales | 3.90 X | 11.42 X |
| Revenue | 2.46 B | 9.43 B |
| Gross Profit | 566.4 M | 27.38 B |
| EBITDA | 1.01 B | 3.9 B |
| Net Income | 417.3 M | 570.98 M |
| Cash And Equivalents | 110.6 M | 2.7 B |
| Cash Per Share | 3.01 X | 5.01 X |
| Total Debt | 4.84 B | 5.32 B |
| Debt To Equity | 5.26 % | 48.70 % |
| Current Ratio | 3.67 X | 2.16 X |
| Book Value Per Share | 14.93 X | 1.93 K |
| Cash Flow From Operations | 605.8 M | 971.22 M |
| Short Ratio | 3.20 X | 4.00 X |
| Earnings Per Share | 5.53 X | 3.12 X |
| Price To Earnings To Growth | 2.58 X | 4.89 X |
| Target Price | 163.02 | |
| Number Of Employees | 5.66 K | 18.84 K |
| Beta | 0.96 | -0.15 |
| Market Capitalization | 10.43 B | 19.03 B |
| Total Asset | 6.96 B | 29.47 B |
| Retained Earnings | 894.5 M | 9.33 B |
| Working Capital | (355 M) | 1.48 B |
Note: Acquisition by Dall Marcia A of 8570 shares of Churchill Downs subject to Rule 16b-3 [view details]
Churchill Downs Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Churchill . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 5419.16 | |||
| Daily Balance Of Power | (0.02) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 142.64 | |||
| Day Typical Price | 142.37 | |||
| Price Action Indicator | (0.83) | |||
| Period Momentum Indicator | (0.04) | |||
| Relative Strength Index | 63.62 |
About Churchill Downs Buy or Sell Advice
When is the right time to buy or sell Churchill Downs Incorporated? Buying financial instruments such as Churchill Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Churchill Downs Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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 5.53 | 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.