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churchill downs inc. - CHDN

CHDN

Close Chg Chg %
142.38 -0.51 -0.36%

Closed Market

141.87

-0.51 (0.36%)

Volume: 299.22K

Last Updated:

Nov 22, 2024, 4:00 PM EDT

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Company Overview: churchill downs inc. - CHDN

CHDN Key Data

Open

$142.92

 Day Range

140.63 - 144.23

52 Week Range

111.10 - 150.21

 Market Cap

$10.46B

Shares Outstanding

73.50M

 Public Float

66.39M

Beta

0.96

 Rev. Per Employee

N/A

P/E Ratio

25.91

 EPS

$5.54

Yield

26.83%

 Dividend

$0.41

EX-DIVIDEND DATE

Dec 6, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

524.94K

  

CHDN Performance

1 Week
 
 2.13%
 
1 Month
 
 1.16%
 
3 Months
 
 2.63%
 
1 Year
 
 17.52%
 
5 Years
 
 120.76%
 

CHDN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 11
Full Ratings ➔

About churchill downs inc. - CHDN

Churchill Downs, Inc. operates as a provider of pari-mutuel horse racing, online account wagering on horse racing and casino gaming. It operates through the following business segments: Racing, Casino, Online Wagering, Corporate, and Other Investments. The Racing segment includes Churchill Downs Racetrack, Arlington Park Racecourse, Calder Race Course, and Fair Grounds Race Course. The Casinos segment includes Oxford Casino, Riverwalk Casino Hotel, Harlow's Casino Resort and Spa, Calder Casino, Fair Grounds Slots, Video Services and equity investment. The Online Wagering segment offers simulcasting and interactive wagering hub. The Corporate segment includes miscellaneous and other revenue, compensation expense, professional fees and other general and administrative expenses not allocated to other operating segments. The Other Investments and Corporate segment consists of United Tote Company and United Tote Canada, Capital View Casino and Resort, Bluff Media, and minor investments. The company was founded in 1875 and is headquartered in Louisville, KY.

CHDN At a Glance

Churchill Downs, Inc.
600 North Hurstbourne Parkway
Louisville, Kentucky 40222-5389
Phone 1-502-636-4400 Revenue 2.46B
Industry Movies/Entertainment Net Income 417.30M
Sector Consumer Services 2023 Sales Growth 36.021%
Fiscal Year-end 12 / 2024 Employees 7,970
View SEC Filings

CHDN Valuation

P/E Current 25.914
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 24.606
Price to Sales Ratio 4.171
Price to Book Ratio 11.249
Price to Cash Flow Ratio 16.95
Enterprise Value to EBITDA 19.448
Enterprise Value to Sales 6.072
Total Debt to Enterprise Value 0.328

CHDN Efficiency

Revenue/Employee 308,870.765
Income Per Employee 52,358.846
Receivables Turnover 20.60
Total Asset Turnover 0.37

CHDN Liquidity

Current Ratio 0.53
Quick Ratio 0.53
Cash Ratio 0.293

CHDN Profitability

Gross Margin 32.323
Operating Margin 24.105
Pretax Margin 22.822
Net Margin 16.952
Return on Assets 6.27
Return on Equity 57.754
Return on Total Capital 7.202
Return on Invested Capital 7.678

CHDN Capital Structure

Total Debt to Total Equity 548.456
Total Debt to Total Capital 84.579
Total Debt to Total Assets 69.514
Long-Term Debt to Equity 539.962
Long-Term Debt to Total Capital 83.269
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Churchill Downs Inc. - CHDN

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
1.05B 1.60B 1.81B 2.46B
Sales Growth
-20.73% +51.54% +13.31% +36.02%
Cost of Goods Sold (COGS) incl D&A
860.50M 1.15B 1.24B 1.67B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
97.90M 108.50M 119.00M 175.20M
Depreciation
93.00M 103.70M 114.30M 168.00M
Amortization of Intangibles
4.90M 4.80M 4.70M 7.20M
COGS Growth
-12.79% +33.77% +8.02% +33.99%
Gross Income
193.50M 446.10M 566.40M 795.70M
Gross Income Growth
-43.59% +130.54% +26.97% +40.48%
Gross Profit Margin
+18.36% +27.93% +31.30% +32.32%
2020 2021 2022 2023 5-year trend
SG&A Expense
114.80M 138.50M 164.20M 202.30M
Research & Development
- - - -
-
Other SG&A
114.80M 138.50M 164.20M 202.30M
SGA Growth
-3.69% +20.64% +18.56% +23.20%
Other Operating Expense
- - - -
-
Unusual Expense
18.50M 23.20M 80.40M 30.70M
EBIT after Unusual Expense
60.20M 284.40M 321.80M 562.70M
Non Operating Income/Expense
27.80M 143.90M 434.30M 267.50M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
27.70M 143.20M 152.70M 146.30M
Interest Expense
80.00M 84.70M 147.30M 268.40M
Interest Expense Growth
+12.83% +5.88% +73.91% +82.21%
Gross Interest Expense
80.00M 84.70M 147.30M 268.40M
Interest Capitalized
- - - -
-
Pretax Income
8.00M 343.60M 608.80M 561.80M
Pretax Income Growth
-95.93% +4,195.00% +77.18% -7.72%
Pretax Margin
+0.76% +21.51% +33.64% +22.82%
Income Tax
(5.30M) 94.50M 169.40M 144.50M
Income Tax - Current - Domestic
(35.70M) 84.60M 60.70M 97.20M
Income Tax - Current - Foreign
- 100.00K 100.00K (100.00K)
Income Tax - Deferred - Domestic
30.20M 9.80M 108.70M 47.40M
Income Tax - Deferred - Foreign
- - - 100.00K
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
27.70M 143.20M 152.70M 146.30M
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
13.30M 249.10M 439.40M 417.30M
Minority Interest Expense
- - - (200.00K)
-
Net Income
13.50M 249.10M 439.40M 417.30M
Net Income Growth
-90.35% +1,745.19% +76.40% -5.03%
Net Margin Growth
+1.28% +15.60% +24.28% +16.95%
Extraordinaries & Discontinued Operations
- - - (95.40M)
-
Discontinued Operations
- - - (95.40M)
-
Net Income After Extraordinaries
(81.90M) 249.10M 439.40M 417.30M
Preferred Dividends
- - - -
-
Net Income Available to Common
(81.90M) 249.10M 439.40M 417.30M
EPS (Basic)
-1.0341 3.2267 5.7968 5.5492
EPS (Basic) Growth
-160.31% +412.03% +79.65% -4.27%
Basic Shares Outstanding
79.20M 77.20M 75.80M 75.20M
EPS (Diluted)
-1.0341 3.1773 5.7065 5.4836
EPS (Diluted) Growth
-161.07% +407.25% +79.60% -3.91%
Diluted Shares Outstanding
79.20M 78.40M 77.00M 76.10M
EBITDA
176.60M 416.10M 521.20M 768.60M
EBITDA Growth
-45.63% +135.62% +25.26% +47.47%
EBITDA Margin
+16.76% +26.05% +28.80% +31.22%

Snapshot

Average Recommendation BUY Average Target Price 163.333
Number of Ratings 11 Current Quarters Estimate 0.926
FY Report Date 12 / 2024 Current Year's Estimate 5.768
Last Quarter’s Earnings 0.97 Median PE on CY Estimate N/A
Year Ago Earnings 4.99 Next Fiscal Year Estimate 6.938
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 8 6 8 8
Mean Estimate 0.93 1.21 5.77 6.94
High Estimates 1.14 1.30 6.03 7.47
Low Estimate 0.73 1.02 5.51 6.09
Coefficient of Variance 14.50 8.57 3.29 6.18

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 9 9 9
OVERWEIGHT 2 2 1
HOLD 0 0 0
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Buy Buy Buy

Insider Actions for Churchill Downs Inc. - CHDN

Date Name Shares Transaction Value
Jul 3, 2024 Ulysses Lee Bridgeman Director 51,432 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jul 3, 2024 Douglas C. Grissom Director 25,988 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 2, 2024 Paul C. Varga Director 28,902 Open market or private purchase of non-derivative security Non-derivative transaction at $130.22 per share 3,763,618.44
Apr 26, 2024 Andréa Carter Director 3,344 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 26, 2024 R. Alex Rankin Director 94,531 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 26, 2024 Daniel P. Harrington Director 120,651 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 26, 2024 Daniel P. Harrington Director 1,145,352 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 26, 2024 Karole F. Lloyd Director 35,622 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 26, 2024 Robert L. Fealy Director 119,942 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 14, 2024 Bradley K. Blackwell EVP, General Counsel 23,185 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 14, 2024 Maureen Adams EVP, Gaming Operations 8,895 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 14, 2024 Maureen Adams EVP, Gaming Operations 11,205 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $123.75 per share 1,386,618.75
Feb 14, 2024 Maureen Adams EVP, Gaming Operations 11,892 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 14, 2024 Bradley K. Blackwell EVP, General Counsel 22,167 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $123.75 per share 2,743,166.25
Feb 14, 2024 Bradley K. Blackwell EVP, General Counsel 9,043 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 13, 2024 Marcia A. Dall EVP, and CFO 138,300 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $123 per share 17,010,900.00
Feb 13, 2024 Marcia A. Dall EVP, and CFO 144,304 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 13, 2024 William E. Mudd President and COO 214,590 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 13, 2024 William E. Mudd President and COO 637,500 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Feb 13, 2024 William C. Carstanjen Chief Executive Officer 429,668 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00

Churchill Downs Inc. in the News

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