Consumer Cyclical -
Gambling, Resorts & Casinos - NASDAQ - US
$ 105.725
-0.678 %
$ 7.64 B
Market Cap
18.78
P/E
1. INTRINSIC VALUE
Balance Sheet
Churchill Downs Incorporated
| Current Assets | 412 M |
| Cash & Short-Term Investments | 176 M |
| Receivables | 113 M |
| Other Current Assets | 124 M |
| Non-Current Assets | 7 B |
| Long-Term Investments | 0 |
| PP&E | 2.87 B |
| Other Non-Current Assets | 4.12 B |
| Current Liabilities | 729 M |
| Accounts Payable | 180 M |
| Short-Term Debt | 8.7 M |
| Other Current Liabilities | 540 M |
| Non-Current Liabilities | 5.58 B |
| Long-Term Debt | 4.84 B |
| Other Non-Current Liabilities | 734 M |
EFFICIENCY
Earnings Waterfall
Churchill Downs Incorporated
| Revenue | 2.73 B |
| Cost Of Revenue | 1.8 B |
| Gross Profit | 938 M |
| Operating Expenses | 238 M |
| Operating Income | 709 M |
| Other Expenses | 280 M |
| Net Income | 429 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Churchill Downs Incorporated
| Net Income | 429 M |
| Depreciation & Amortization | 205 M |
| Capital Expenditures | -547 M |
| Stock-Based Compensation | 36.1 M |
| Change in Working Capital | 49.9 M |
| Others | 58.3 M |
| Free Cash Flow | 226 M |
Wall Street Analysts Price Targets
Churchill Downs Incorporated
Wall Street analysts predict an average 1-year price target for CHDN of $157 , with forecasts ranging from
a
low of
$151 to a high of $164 .
CHDN Lowest Price Target
Wall Street Target
151 USD
42.82%
CHDN Average Price Target
Wall Street Target
157 USD
48.18%
CHDN Highest Price Target
Wall Street Target
164 USD
55.12%
4. DIVIDEND
ANALYSIS
0.37%
DIVIDEND YIELD
0.409 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Churchill Downs Incorporated
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
1.3 M USD 3
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Insights Into Churchill Downs (CHDN) Q2: Wall Street Projections for Key Metrics
Besides Wall Street's top-and-bottom-line estimates for Churchill Downs (CHDN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2025.
zacks.com
- 1 week ago
Churchill Downs (CHDN) Reports Next Week: Wall Street Expects Earnings Growth
Churchill Downs (CHDN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 week ago
Churchill Downs Incorporated Announces Definitive Agreements to Acquire a Majority of Casino Salem Project in New Hampshire
LOUISVILLE, Ky., July 14, 2025 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the “Company”, “CDI”, “we”) announced today that it has signed definitive agreements to acquire a majority of the outstanding equity interests (the “Salem Transaction”) of a Salem, New Hampshire joint venture (“Casino Salem”) with the right to develop a charitable gaming, entertainment and dining destination featuring historical horse racing machines (“HRMs”).
globenewswire.com
- 2 weeks ago
Churchill Downs Incorporated 2025 Second Quarter Financial Results Conference Call Invitation
LOUISVILLE, Ky., June 11, 2025 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today that the Company will release second quarter 2025 financial results after the market closes on Wednesday, July 23, 2025, and host a related conference call to discuss the quarter on Thursday, July 24, 2025, at 9 a.m. ET.
globenewswire.com
- 1 month ago
Churchill Downs: Strong Buy Driven By Margin Expansion And Capital Discipline
We initiate on Churchill Downs Incorporated with a Strong Buy rating, based on a unique combination of margin expansion, capital discipline, and high conviction in above-consensus earnings growth. Our implied valuation is supported by a PT of $131 per share, based on 18x FY26E forward P/E multiple. We estimate FY25E diluted EPS of $6.45 and FY26E diluted EPS of $7.30, which represents 13% annualized growth, and is meaningfully ahead of consensus.
seekingalpha.com
- 1 month ago
Sovereignty Wins the 151st Running of the Kentucky Derby Presented by Woodford Reserve
New All-Time Handle Record Set for the Kentucky Derby Race, Kentucky Derby Day Program, and Kentucky Derby Week Races New All-Time Handle Record Set for the Kentucky Derby Race, Kentucky Derby Day Program, and Kentucky Derby Week Races
globenewswire.com
- 2 months ago
Good Cheer Claims the Lilies for the 151st Running of the Longines Kentucky Oaks
LOUISVILLE, Ky., May 02, 2025 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "CDI", "we") announced Good Cheer captured the Lilies in the 151st running of the Longines Kentucky Oaks in a field of 13 and sloppy track conditions. Under mostly cloudy skies, more than 100,000 excited racegoers gathered to watch America's premier race for 3-year-old fillies.
globenewswire.com
- 2 months ago
The best Kentucky Derby bet may actually be investing in Churchill Downs
Churchill Downs Incorporated is the owner of the track where the famed namesake race is run —and some analysts say its stock has plenty of upside right now
marketwatch.com
- 2 months ago
Kentucky Derby runs tomorrow, but planned $1B revamp of Churchill Downs is on hold
Top racehorses will run in the Kentucky Derby on Saturday, but a planned nearly $1 billion revamp of facilities at the Churchill Downs racetrack that hosts the famous race is on hold.
foxbusiness.com
- 2 months ago
Churchill Downs CEO says interest in the Kentucky Derby is strong despite global uncertainty
Churchill Downs has paused a $900 million capital improvement project due to global uncertainty. CEO Bill Carstanjen said this year's Kentucky Derby on Saturday is on pace to match last year's in terms of demand.
cnbc.com
- 2 months ago
Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains?
Churchill Downs Inc. NASDAQ: CHDN delivered record revenue and solid earnings in the just-ended quarter. However, some unexpected news about a previously announced renovation is causing the stock to drop more than 16% in after-hours trading.
marketbeat.com
- 3 months ago
Churchill Downs Incorporated (CHDN) Q1 2025 Earnings Call Transcript
Churchill Downs Incorporated (NASDAQ:CHDN ) Q1 2025 Earnings Call April 24, 2025 9:00 AM ET Company Participants Sam Ullrich - Vice President, Investor Relations Bill Carstanjen - Chief Executive Officer Bill Mudd - President and Chief Operating Officer Marcia Dall - Chief Financial Officer Conference Call Participants Chad Beynon - Macquarie Barry Jonas - Truist David Katz - Jefferies Jordan Bender - Citizens Daniel Guglielmo - Capital One Securities Jeff Stantial - Stifel Joe Stauff - Susquehanna Ben Chaiken - Mizuho Shaun Kelley - Bank of America Brandt Montour - Barclays Operator Good day, ladies and gentlemen and welcome to the Churchill Downs Inc. 2025 First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.
seekingalpha.com
- 3 months ago
8. Profile
Summary
Churchill Downs Incorporated CHDN
COUNTRY
US
INDUSTRY
Gambling, Resorts & Casinos
MARKET CAP
$ 7.64 B
Dividend Yield
0.37%
Description
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games. It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data. In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Contact
600 North Hurstbourne Parkway, Louisville, KY, 40222
https://www.churchilldownsincorporated.com
IPO
Date
March 29, 1993
Employees
6480
Officers
Mr. Jon E. Rauch
Vice President & Chief Accounting Officer
Tonya Abeln
Vice President of Corporate Communications
Mr. William E. Mudd
President & Chief Operating Officer
Mr. Bradley K. Blackwell J.D.
Executive Vice President, General Counsel & Secretary
Ms. Maureen Adams
Executive Vice President of Gaming Operations
Sam Ullrich
Vice President of Investor Relations
Mr. William C. Carstanjen
Chief Executive Officer & Director
Mr. Nate Simon
Senior Vice President & Chief Technology Officer
Ms. Marcia Ann Dall CPA
Executive Vice President & Chief Financial Officer
Mr. Jason Sauer
Senior Vice President of Corporate Development