Churchill Downs Incorporated (CHDN)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,054 | 1,597 | 1,810 | 2,462 | 2,734 | 2,926 | 2,992 | 3,026 |
| Operating profit | $m | 736 | 724 | ||||||
| Net profit | $m | -82 | 249 | 439 | 417 | 427 | 380 | 410 | 499 |
| EPS reported | $ | 5.32 | 5.84 | ||||||
| Operating cashflow per share | $ | 10.87 | 11.35 | ||||||
| Capex per share | $ | 6.50 | 5.89 | ||||||
| FCF per share | $ | 4.37 | 5.47 | ||||||
| Free cash flow | $m | 310 | 383 | ||||||
| Net debt | $m | 4,850 | 4,585 | ||||||
| Book value equity | $m | 1,010 | 1,341 | ||||||
| Book value per share | $ | 14.14 | 19.16 | ||||||
| Number of shares | m | 71.4 | 70 | ||||||
| DPS (TTM paid) | $ | 0.44 | 0.44 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 21.39 | 13.66 | ||||||
| P/B LTM | x | 7.98 | 6.01 | ||||||
| P/S LTM | x | 2.76 | 2.69 | ||||||
| P/FCF LTM | x | 26.04 | 21.07 | ||||||
| EV/EBITDA LTM | x | 12.13 | 11.63 | ||||||
| EV/Sales LTM | x | 4.43 | 3.56 | ||||||
| Earnings Yield LTM | % | +4.68% | +7.32% | ||||||
| FCF Yield | % | +3.84% | +4.75% | ||||||
| Quality | |||||||||
| ROE | % | +37.61% | +36.57% | ||||||
| ROIC | % | +7.82% | +7.52% | ||||||
| Operating margin | % | +25.17% | +24.21% | ||||||
| Gross margin | % | +33.58% | +52.94% | ||||||
| FCF/Sales | % | +10.58% | +12.79% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -6.34% | +2.82% | ||||||
| Sales Growth YoY | % | +7.01% | +9.42% | ||||||
| Net Income Growth YoY | % | -11.04% | -4.01% | ||||||
| FCF Growth | % | +37.17% | +69.52% | ||||||
| Operating Profit Growth | % | +3.86% | +2.14% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +0.38% | +0.50% | ||||||
| Dividend Growth | % | +7.09% | +7.09% | ||||||
| Payout Ratio | % | +8.11% | +7.70% | ||||||
| FCF/Debt | x | 0.06 | 0.08 | ||||||
| Net Debt/EBITDA | x | 4.59 | 4.11 | ||||||
| EBIT/Net interest | x | 2.47 | 2.47 | ||||||
| Net debt/market cap | % | +63.74% | +78.65% | ||||||
| Net debt/Equity | x | 4.80 | 3.42 | ||||||
| Gross debt/equity | x | 5.15 | 3.57 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Churchill Downs Incorporated (CDI) is a leading U.S. entertainment enterprise focused on horse racing, online wagering, and general gaming activities. Its extensive operations are categorized into three main divisions: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, CDI's portfolio included three pari-mutuel gaming venues in Kentucky, collectively featuring approximately 3,050 historical racing machines. The company also operates TwinSpires, a comprehensive digital platform offering betting on horse races, sports, and iGaming. Furthermore, CDI manages nine brick-and-mortar sportsbooks and runs casino gaming across eight states, housing around 11,000 slot machines and video lottery terminals, in addition to 200 table games. Beyond these core ventures, Churchill Downs Incorporated delivers streaming video of live horse races and replays, along with a wide array of racing and handicapping information. It also oversees the Bloodstock Research Information Services (BRIS) platform, a valuable source for horse racing statistical data. The company is additionally engaged in designing and deploying pari-mutuel wagering systems for racetracks, off-track betting facilities, and various other wagering enterprises. Established in 1875, Churchill Downs Incorporated is headquartered in Louisville, Kentucky.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Churchill Downs Incorporated (CHDN)
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Churchill Downs Incorporated (CDI) is a leading U.S. entertainment enterprise focused on horse racing, online wagering, and general gaming activities. Its extensive operations are categorized into three main divisions: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, CDI's portfolio included three pari-mutuel gaming venues in Kentucky, collectively featuring approximately 3,050 historical racing machines. The company also operates TwinSpires, a comprehensive digital platform offering betting on horse races, sports, and iGaming. Furthermore, CDI manages nine brick-and-mortar sportsbooks and runs casino gaming across eight states, housing around 11,000 slot machines and video lottery terminals, in addition to 200 table games. Beyond these core ventures, Churchill Downs Incorporated delivers streaming video of live horse races and replays, along with a wide array of racing and handicapping information. It also oversees the Bloodstock Research Information Services (BRIS) platform, a valuable source for horse racing statistical data. The company is additionally engaged in designing and deploying pari-mutuel wagering systems for racetracks, off-track betting facilities, and various other wagering enterprises. Established in 1875, Churchill Downs Incorporated is headquartered in Louisville, Kentucky.
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