CHURCHILL DOWNS INC (CHDN) Stock Fundamental Analysis

NASDAQ:CHDN • US1714841087

91.7 USD
-2.01 (-2.14%)
Last: Feb 23, 2026, 10:22 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CHDN. CHDN was compared to 126 industry peers in the Hotels, Restaurants & Leisure industry. CHDN has an excellent profitability rating, but there are concerns on its financial health. CHDN has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • CHDN had positive earnings in the past year.
  • In the past year CHDN had a positive cash flow from operations.
  • CHDN had positive earnings in 4 of the past 5 years.
  • In the past 5 years CHDN always reported a positive cash flow from operatings.
CHDN Yearly Net Income VS EBIT VS OCF VS FCFCHDN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.37%, CHDN is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
  • CHDN has a better Return On Equity (38.69%) than 88.10% of its industry peers.
  • The Return On Invested Capital of CHDN (8.04%) is better than 63.49% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CHDN is below the industry average of 10.58%.
  • The 3 year average ROIC (6.83%) for CHDN is below the current ROIC(8.04%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.37%
ROE 38.69%
ROIC 8.04%
ROA(3y)6.3%
ROA(5y)4.84%
ROE(3y)55.16%
ROE(5y)44.87%
ROIC(3y)6.83%
ROIC(5y)6.39%
CHDN Yearly ROA, ROE, ROICCHDN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

1.3 Margins

  • With an excellent Profit Margin value of 13.88%, CHDN belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CHDN has grown nicely.
  • Looking at the Operating Margin, with a value of 25.14%, CHDN belongs to the top of the industry, outperforming 89.68% of the companies in the same industry.
  • CHDN's Operating Margin has improved in the last couple of years.
  • CHDN has a worse Gross Margin (34.10%) than 73.02% of its industry peers.
  • CHDN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 25.14%
PM (TTM) 13.88%
GM 34.1%
OM growth 3Y10%
OM growth 5Y9.05%
PM growth 3Y-0.21%
PM growth 5Y8.43%
GM growth 3Y3.21%
GM growth 5Y1.43%
CHDN Yearly Profit, Operating, Gross MarginsCHDN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CHDN is still creating some value.
  • Compared to 1 year ago, CHDN has less shares outstanding
  • The number of shares outstanding for CHDN has been reduced compared to 5 years ago.
  • CHDN has a better debt/assets ratio than last year.
CHDN Yearly Shares OutstandingCHDN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
CHDN Yearly Total Debt VS Total AssetsCHDN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • CHDN has an Altman-Z score of 1.46. This is a bad value and indicates that CHDN is not financially healthy and even has some risk of bankruptcy.
  • CHDN has a Altman-Z score of 1.46. This is comparable to the rest of the industry: CHDN outperforms 48.41% of its industry peers.
  • The Debt to FCF ratio of CHDN is 19.26, which is on the high side as it means it would take CHDN, 19.26 years of fcf income to pay off all of its debts.
  • CHDN's Debt to FCF ratio of 19.26 is in line compared to the rest of the industry. CHDN outperforms 45.24% of its industry peers.
  • A Debt/Equity ratio of 4.87 is on the high side and indicates that CHDN has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 4.87, CHDN is doing worse than 63.49% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 4.87
Debt/FCF 19.26
Altman-Z 1.46
ROIC/WACC1.07
WACC7.5%
CHDN Yearly LT Debt VS Equity VS FCFCHDN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

  • CHDN has a Current Ratio of 0.57. This is a bad value and indicates that CHDN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • CHDN has a Current ratio of 0.57. This is in the lower half of the industry: CHDN underperforms 76.19% of its industry peers.
  • A Quick Ratio of 0.56 indicates that CHDN may have some problems paying its short term obligations.
  • CHDN has a worse Quick ratio (0.56) than 74.60% of its industry peers.
Industry RankSector Rank
Current Ratio 0.57
Quick Ratio 0.56
CHDN Yearly Current Assets VS Current LiabilitesCHDN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.64% over the past year.
  • The Earnings Per Share has been growing by 22.64% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 7.97% in the past year.
  • The Revenue has been growing by 15.51% on average over the past years. This is quite good.
EPS 1Y (TTM)5.64%
EPS 3Y22%
EPS 5Y22.64%
EPS Q2Q%12.37%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y19.63%
Revenue growth 5Y15.51%
Sales Q2Q%8.67%

3.2 Future

  • CHDN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.19% yearly.
  • CHDN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.77% yearly.
EPS Next Y8.4%
EPS Next 2Y9.41%
EPS Next 3Y8.48%
EPS Next 5Y12.19%
Revenue Next Year6.79%
Revenue Next 2Y5.27%
Revenue Next 3Y4.61%
Revenue Next 5Y3.77%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CHDN Yearly Revenue VS EstimatesCHDN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
CHDN Yearly EPS VS EstimatesCHDN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8

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5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.84, the valuation of CHDN can be described as correct.
  • Based on the Price/Earnings ratio, CHDN is valued a bit cheaper than the industry average as 77.78% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of CHDN to the average of the S&P500 Index (26.99), we can say CHDN is valued slightly cheaper.
  • With a Price/Forward Earnings ratio of 12.96, CHDN is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CHDN indicates a somewhat cheap valuation: CHDN is cheaper than 75.40% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of CHDN to the average of the S&P500 Index (28.02), we can say CHDN is valued rather cheaply.
Industry RankSector Rank
PE 14.84
Fwd PE 12.96
CHDN Price Earnings VS Forward Price EarningsCHDN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • CHDN's Enterprise Value to EBITDA ratio is in line with the industry average.
  • CHDN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CHDN is cheaper than 61.90% of the companies in the same industry.
Industry RankSector Rank
P/FCF 24.12
EV/EBITDA 12.04
CHDN Per share dataCHDN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

4.3 Compensation for Growth

  • CHDN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of CHDN may justify a higher PE ratio.
PEG (NY)1.77
PEG (5Y)0.66
EPS Next 2Y9.41%
EPS Next 3Y8.48%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • CHDN has a yearly dividend return of 0.48%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.09, CHDN has a dividend in line with its industry peers.
  • With a Dividend Yield of 0.48, CHDN pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.48%

5.2 History

  • On average, the dividend of CHDN grows each year by 7.32%, which is quite nice.
  • CHDN has paid a dividend for at least 10 years, which is a reliable track record.
  • CHDN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.32%
Div Incr Years14
Div Non Decr Years23
CHDN Yearly Dividends per shareCHDN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • CHDN pays out 7.67% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of CHDN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP7.67%
EPS Next 2Y9.41%
EPS Next 3Y8.48%
CHDN Yearly Income VS Free CF VS DividendCHDN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M 400M
CHDN Dividend Payout.CHDN Dividend Payout, showing the Payout Ratio.CHDN Dividend Payout.PayoutRetained Earnings

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CHURCHILL DOWNS INC

NASDAQ:CHDN (2/23/2026, 10:22:56 AM)

91.7

-2.01 (-2.14%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)10-22
Earnings (Next)02-25
Inst Owners80.22%
Inst Owner Change3.86%
Ins Owners5.84%
Ins Owner Change2.01%
Market Cap6.39B
Revenue(TTM)2.88B
Net Income(TTM)400.40M
Analysts84.21
Price Target140.99 (53.75%)
Short Float %3.11%
Short Ratio2.79
Dividend
Industry RankSector Rank
Dividend Yield 0.48%
Yearly Dividend0.39
Dividend Growth(5Y)7.32%
DP7.67%
Div Incr Years14
Div Non Decr Years23
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.88%
Min EPS beat(2)-0.83%
Max EPS beat(2)8.6%
EPS beat(4)2
Avg EPS beat(4)1.75%
Min EPS beat(4)-5.06%
Max EPS beat(4)8.6%
EPS beat(8)5
Avg EPS beat(8)6.19%
EPS beat(12)6
Avg EPS beat(12)2.19%
EPS beat(16)9
Avg EPS beat(16)3.85%
Revenue beat(2)0
Avg Revenue beat(2)-0.57%
Min Revenue beat(2)-0.94%
Max Revenue beat(2)-0.19%
Revenue beat(4)0
Avg Revenue beat(4)-1.03%
Min Revenue beat(4)-1.66%
Max Revenue beat(4)-0.19%
Revenue beat(8)2
Avg Revenue beat(8)-0.33%
Revenue beat(12)3
Avg Revenue beat(12)-0.6%
Revenue beat(16)4
Avg Revenue beat(16)-0.73%
PT rev (1m)0.72%
PT rev (3m)0.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.72%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)2.96%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.13%
Valuation
Industry RankSector Rank
PE 14.84
Fwd PE 12.96
P/S 2.22
P/FCF 24.12
P/OCF 7.95
P/B 6.18
P/tB N/A
EV/EBITDA 12.04
EPS(TTM)6.18
EY6.74%
EPS(NY)7.07
Fwd EY7.72%
FCF(TTM)3.8
FCFY4.15%
OCF(TTM)11.54
OCFY12.58%
SpS41.36
BVpS14.84
TBVpS-34.18
PEG (NY)1.77
PEG (5Y)0.66
Graham Number45.43
Profitability
Industry RankSector Rank
ROA 5.37%
ROE 38.69%
ROCE 10.78%
ROIC 8.04%
ROICexc 8.26%
ROICexgc 17.27%
OM 25.14%
PM (TTM) 13.88%
GM 34.1%
FCFM 9.19%
ROA(3y)6.3%
ROA(5y)4.84%
ROE(3y)55.16%
ROE(5y)44.87%
ROIC(3y)6.83%
ROIC(5y)6.39%
ROICexc(3y)7%
ROICexc(5y)6.74%
ROICexgc(3y)15.35%
ROICexgc(5y)12.91%
ROCE(3y)9.16%
ROCE(5y)8.57%
ROICexgc growth 3Y5.55%
ROICexgc growth 5Y7.97%
ROICexc growth 3Y-6.37%
ROICexc growth 5Y1.4%
OM growth 3Y10%
OM growth 5Y9.05%
PM growth 3Y-0.21%
PM growth 5Y8.43%
GM growth 3Y3.21%
GM growth 5Y1.43%
F-Score6
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 4.87
Debt/FCF 19.26
Debt/EBITDA 5.3
Cap/Depr 237.68%
Cap/Sales 18.7%
Interest Coverage 2.47
Cash Conversion 84.49%
Profit Quality 66.21%
Current Ratio 0.57
Quick Ratio 0.56
Altman-Z 1.46
F-Score6
WACC7.5%
ROIC/WACC1.07
Cap/Depr(3y)358.93%
Cap/Depr(5y)283.57%
Cap/Sales(3y)24.24%
Cap/Sales(5y)20.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.64%
EPS 3Y22%
EPS 5Y22.64%
EPS Q2Q%12.37%
EPS Next Y8.4%
EPS Next 2Y9.41%
EPS Next 3Y8.48%
EPS Next 5Y12.19%
Revenue 1Y (TTM)7.97%
Revenue growth 3Y19.63%
Revenue growth 5Y15.51%
Sales Q2Q%8.67%
Revenue Next Year6.79%
Revenue Next 2Y5.27%
Revenue Next 3Y4.61%
Revenue Next 5Y3.77%
EBIT growth 1Y4.18%
EBIT growth 3Y31.58%
EBIT growth 5Y25.96%
EBIT Next Year67.5%
EBIT Next 3Y21.57%
EBIT Next 5Y15.86%
FCF growth 1Y672.57%
FCF growth 3Y-2.53%
FCF growth 5Y12.31%
OCF growth 1Y31.52%
OCF growth 3Y32.06%
OCF growth 5Y21.69%

CHURCHILL DOWNS INC / CHDN FAQ

Can you provide the ChartMill fundamental rating for CHURCHILL DOWNS INC?

ChartMill assigns a fundamental rating of 5 / 10 to CHDN.


Can you provide the valuation status for CHURCHILL DOWNS INC?

ChartMill assigns a valuation rating of 5 / 10 to CHURCHILL DOWNS INC (CHDN). This can be considered as Fairly Valued.


Can you provide the profitability details for CHURCHILL DOWNS INC?

CHURCHILL DOWNS INC (CHDN) has a profitability rating of 7 / 10.


What are the PE and PB ratios of CHURCHILL DOWNS INC (CHDN) stock?

The Price/Earnings (PE) ratio for CHURCHILL DOWNS INC (CHDN) is 14.84 and the Price/Book (PB) ratio is 6.18.


What is the earnings growth outlook for CHURCHILL DOWNS INC?

The Earnings per Share (EPS) of CHURCHILL DOWNS INC (CHDN) is expected to grow by 8.4% in the next year.