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Consumer Cyclical - Gambling, Resorts & Casinos - NASDAQ - US
$ 138.91
-1.42 %
$ 10.2 B
Market Cap
25.16
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one CHDN stock under the base case scenario is HIDDEN Compared to the current market price of 139 USD, Churchill Downs Incorporated is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CHDN

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FINANCIALS
2.46 B REVENUE
36.02%
564 M OPERATING INCOME
0.37%
417 M NET INCOME
-5.03%
606 M OPERATING CASH FLOW
12.85%
-718 M INVESTING CASH FLOW
76.87%
129 M FINANCING CASH FLOW
-94.65%
628 M REVENUE
-29.44%
126 M OPERATING INCOME
-61.92%
66.2 M NET INCOME
-68.25%
169 M OPERATING CASH FLOW
-21.94%
-126 M INVESTING CASH FLOW
8.05%
-43.2 M FINANCING CASH FLOW
40.33%
Balance Sheet Decomposition Churchill Downs Incorporated
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Current Assets 401 M
Cash & Short-Term Investments 144 M
Receivables 120 M
Other Current Assets 137 M
Non-Current Assets 6.55 B
Long-Term Investments 656 M
PP&E 2.56 B
Other Non-Current Assets 3.34 B
Current Liabilities 756 M
Accounts Payable 158 M
Short-Term Debt 75.9 M
Other Current Liabilities 521 M
Non-Current Liabilities 5.31 B
Long-Term Debt 4.83 B
Other Non-Current Liabilities 481 M
EFFICIENCY
Earnings Waterfall Churchill Downs Incorporated
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Revenue 2.46 B
Cost Of Revenue 1.67 B
Gross Profit 796 M
Operating Expenses 232 M
Operating Income 564 M
Other Expenses 147 M
Net Income 417 M
RATIOS
32.32% GROSS MARGIN
32.32%
22.91% OPERATING MARGIN
22.91%
16.95% NET MARGIN
16.95%
46.70% ROE
46.70%
6.00% ROA
6.00%
7.31% ROIC
7.31%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Churchill Downs Incorporated
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Net Income 417 M
Depreciation & Amortization 175 M
Capital Expenditures -676 M
Stock-Based Compensation 32.9 M
Change in Working Capital 7.7 M
Others -162 M
Free Cash Flow -70.7 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Churchill Downs Incorporated
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Wall Street analysts predict an average 1-year price target for CHDN of $158 , with forecasts ranging from a low of $141 to a high of $167 .
CHDN Lowest Price Target Wall Street Target
141 USD 1.50%
CHDN Average Price Target Wall Street Target
158 USD 13.38%
CHDN Highest Price Target Wall Street Target
167 USD 20.22%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.409 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Churchill Downs Incorporated
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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
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
495 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
6 months ago
Apr 29, 2024
Bought 495 K USD
VARGA PAUL C
Director
+ 3800
130.22 USD
1 year ago
Mar 03, 2023
Sell 2.39 M USD
Mudd William E
President and COO
- 9727
246.03 USD
1 year ago
Mar 02, 2023
Sell 1.93 M USD
Mudd William E
President and COO
- 7951
243.29 USD
1 year ago
Mar 02, 2023
Sell 2.95 M USD
Mudd William E
President and COO
- 12049
244.48 USD
1 year ago
Mar 01, 2023
Sell 1.42 M USD
Mudd William E
President and COO
- 5803
245.51 USD
1 year ago
Mar 01, 2023
Sell 2.82 M USD
Mudd William E
President and COO
- 11415
246.74 USD
1 year ago
Mar 01, 2023
Sell 688 K USD
Mudd William E
President and COO
- 2782
247.29 USD
2 years ago
May 24, 2022
Bought 92.8 K USD
Rankin R Alex
director:
+ 525
176.8 USD
3 years ago
Sep 16, 2021
Sell 1.26 M USD
Miller Austin W.
SVP, Gaming Operations
- 5600
225.2395 USD
3 years ago
Aug 02, 2021
Bought 96.4 K USD
Rankin R Alex
Director
+ 500
192.7646 USD
3 years ago
Aug 02, 2021
Bought 188 K USD
Lloyd Karole
Director
+ 1000
187.904 USD
3 years ago
May 06, 2021
Sell 598 K USD
Miller Austin W.
SVP, Gaming Operations
- 3000
199.2669 USD
3 years ago
May 04, 2021
Sell 253 K USD
Miller Austin W.
SVP, Gaming Operations
- 1240
204.1888 USD
3 years ago
May 04, 2021
Sell 361 K USD
Miller Austin W.
SVP, Gaming Operations
- 1760
205.1859 USD
3 years ago
Apr 22, 2021
Sell 90.2 K USD
Miller Austin W.
SVP, Gaming Operations
- 400
225.47 USD
3 years ago
Dec 22, 2020
Sell 222 K USD
Mudd William E
President and COO
- 1100
201.4718 USD
3 years ago
Dec 24, 2020
Sell 474 K USD
Mudd William E
President and COO
- 2298
206.2347 USD
3 years ago
Dec 24, 2020
Sell 552 K USD
Mudd William E
President and COO
- 2700
204.4237 USD
3 years ago
Dec 23, 2020
Sell 411 K USD
Mudd William E
President and COO
- 2000
205.255 USD
3 years ago
Dec 23, 2020
Sell 815 K USD
Mudd William E
President and COO
- 4000
203.8122 USD
3 years ago
Dec 22, 2020
Sell 404 K USD
Mudd William E
President and COO
- 2000
201.75 USD
3 years ago
Dec 22, 2020
Sell 981 K USD
Mudd William E
President and COO
- 4900
200.1898 USD
3 years ago
Dec 21, 2020
Sell 200 K USD
Mudd William E
President and COO
- 1000
200.22 USD
3 years ago
Dec 21, 2020
Sell 405 K USD
Mudd William E
President and COO
- 2000
202.3954 USD
3 years ago
Dec 21, 2020
Sell 613 K USD
Mudd William E
President and COO
- 3000
204.27 USD
4 years ago
Sep 10, 2020
Sell 2.64 M USD
HARRINGTON DANIEL P
Director
- 14680
180.1542 USD
4 years ago
Sep 02, 2020
Sell 180 K USD
HARRINGTON DANIEL P
Director
- 1000
180.035 USD
4 years ago
Sep 03, 2020
Sell 1.18 M USD
HARRINGTON DANIEL P
Director
- 6544
179.8992 USD
4 years ago
Aug 06, 2020
Sell 16 K USD
Miller Austin W.
SVP, Gaming Operations
- 100
160.01 USD
4 years ago
Aug 06, 2020
Sell 48 K USD
Miller Austin W.
SVP, Gaming Operations
- 300
160.005 USD
4 years ago
Aug 06, 2020
Sell 1.54 M USD
Miller Austin W.
SVP, Gaming Operations
- 9600
160 USD
4 years ago
Jul 10, 2020
Sell 759 K USD
Miller Austin W.
SVP, Gaming Operations
- 6000
126.5473 USD
4 years ago
Jul 10, 2020
Sell 759 K USD
Miller Austin W.
SVP, Gaming Operations
- 6000
126.5352 USD
4 years ago
May 26, 2020
Sell 628 K USD
Mudd William E
President and COO
- 5000
125.5901 USD
4 years ago
May 22, 2020
Sell 610 K USD
Mudd William E
President and COO
- 5000
122.0104 USD
4 years ago
May 28, 2020
Sell 15 K USD
Mudd William E
President and COO
- 107
140.33 USD
4 years ago
May 28, 2020
Sell 161 K USD
Mudd William E
President and COO
- 1138
141.5 USD
4 years ago
May 28, 2020
Sell 400 K USD
Mudd William E
President and COO
- 2893
138.2365 USD
4 years ago
May 27, 2020
Sell 130 K USD
Mudd William E
President and COO
- 1000
129.95 USD
4 years ago
May 27, 2020
Sell 516 K USD
Mudd William E
President and COO
- 4000
129.1022 USD
4 years ago
May 26, 2020
Sell 628 K USD
Mudd William E
President and COO
- 5000
125.5901 USD
4 years ago
May 22, 2020
Sell 610 K USD
Mudd William E
President and COO
- 5000
122.0104 USD
4 years ago
Mar 16, 2020
Bought 140 K USD
VARGA PAUL C
Director
+ 1800
77.594 USD
4 years ago
Mar 13, 2020
Bought 25.6 K USD
Rankin R Alex
Director
+ 300
85.3885 USD
4 years ago
Mar 12, 2020
Bought 162 K USD
VARGA PAUL C
Director
+ 2000
81.1887 USD
4 years ago
Mar 11, 2020
Bought 156 K USD
VARGA PAUL C
Director
+ 1500
103.713 USD
4 years ago
Mar 05, 2020
Bought 338 K USD
VARGA PAUL C
Director
+ 2700
125.045 USD
4 years ago
Mar 11, 2020
Bought 72.6 K USD
Rankin R Alex
Director
+ 700
103.7 USD
4 years ago
Mar 06, 2020
Bought 120 K USD
Lloyd Karole
Director
+ 1000
120.3232 USD
4 years ago
Mar 02, 2020
Bought 127 K USD
Rankin R Alex
Director
+ 1000
126.6898 USD
5 years ago
Nov 07, 2019
Bought 123 K USD
Lloyd Karole
Director
+ 1000
123.16 USD
5 years ago
Nov 05, 2019
Bought 37.4 K USD
Rankin R Alex
Director
+ 300
124.7678 USD
5 years ago
Jul 08, 2019
Sell 692 K USD
Miller Austin W.
SVP, Gaming Operations
- 5900
117.31 USD
5 years ago
May 01, 2019
Bought 50.9 K USD
Rankin R Alex
Director
+ 500
101.829 USD
5 years ago
Mar 22, 2019
Bought 85.2 K USD
Lloyd Karole
Director
+ 1000
85.2189 USD
5 years ago
Dec 26, 2018
Bought 23.4 K USD
Rankin R Alex
Director
+ 100
234.11 USD
5 years ago
Dec 18, 2018
Bought 258 K USD
Lloyd Karole
Director
+ 1000
257.9085 USD
5 years ago
Dec 17, 2018
Bought 504 K USD
DUCHOSSOIS RICHARD L
Director
+ 1950
258.6218 USD
6 years ago
Nov 09, 2018
Bought 505 K USD
DUCHOSSOIS RICHARD L
Director
+ 1900
265.8257 USD
6 years ago
Nov 07, 2018
Bought 1.01 M USD
DUCHOSSOIS RICHARD L
Director
+ 3650
275.5819 USD
6 years ago
Nov 06, 2018
Bought 1 M USD
DUCHOSSOIS RICHARD L
Director
+ 3700
271.47 USD
6 years ago
Nov 06, 2018
Bought 108 K USD
Rankin R Alex
Director
+ 400
271.194 USD
6 years ago
Mar 07, 2018
Bought 1 M USD
DUCHOSSOIS RICHARD L
Director
+ 3680
271.8487 USD
7 years ago
May 18, 2017
Bought 250 K USD
DUCHOSSOIS RICHARD L
Director
+ 1534
163 USD
7 years ago
May 12, 2017
Bought 250 K USD
DUCHOSSOIS RICHARD L
Director
+ 1516
165 USD
7 years ago
May 02, 2017
Bought 250 K USD
DUCHOSSOIS RICHARD L
Director
+ 1498
166.9104 USD
6 years ago
Apr 03, 2018
Bought 501 K USD
DUCHOSSOIS RICHARD L
Director
+ 2080
240.645 USD
6 years ago
Mar 28, 2018
Bought 501 K USD
DUCHOSSOIS RICHARD L
Director
+ 2050
244.3945 USD
6 years ago
Mar 26, 2018
Bought 500 K USD
DUCHOSSOIS RICHARD L
Director
+ 2015
248.077 USD
6 years ago
Mar 23, 2018
Bought 501 K USD
DUCHOSSOIS RICHARD L
Director
+ 1980
252.9003 USD
6 years ago
Mar 13, 2018
Sell 9.49 M USD
HARRINGTON DANIEL P
Director
- 35000
271.2 USD
6 years ago
Mar 07, 2018
Bought 1 M USD
DUCHOSSOIS RICHARD L
Director
+ 3680
271.8487 USD
6 years ago
Feb 12, 2018
Sell 8.71 M USD
Evans Robert L
Director
- 32866
265 USD
7 years ago
Sep 08, 2017
Sell 991 K USD
Evans Robert L
Director
- 5000
198.25 USD
7 years ago
Aug 31, 2017
Sell 975 K USD
Evans Robert L
Director
- 5000
195 USD
7 years ago
Nov 30, 2016
Sell 20.4 M USD
Duchossois Group, Inc.
10 percent owner
- 137141
148.75 USD
7 years ago
May 18, 2017
Bought 250 K USD
DUCHOSSOIS RICHARD L
Director
+ 1534
163 USD
7 years ago
May 12, 2017
Bought 250 K USD
DUCHOSSOIS RICHARD L
Director
+ 1516
165 USD
7 years ago
May 02, 2017
Bought 250 K USD
DUCHOSSOIS RICHARD L
Director
+ 1498
166.9104 USD
7 years ago
May 17, 2017
Bought 164 K USD
Rankin R Alex
Director
+ 1000
164.1724 USD
7 years ago
Mar 31, 2017
Sell 706 K USD
Evans Robert L
Director
- 4466
158 USD
7 years ago
Mar 29, 2017
Sell 319 K USD
Evans Robert L
Director
- 2009
159 USD
7 years ago
Mar 28, 2017
Sell 786 K USD
Evans Robert L
Director
- 5000
157.2591 USD
7 years ago
Mar 17, 2017
Sell 780 K USD
Evans Robert L
Director
- 5000
156 USD
7 years ago
Mar 15, 2017
Sell 536 K USD
Evans Robert L
Director
- 3455
155.0067 USD
7 years ago
Mar 16, 2017
Sell 240 K USD
Evans Robert L
Director
- 1545
155.5 USD
7 years ago
Mar 10, 2017
Sell 763 K USD
Evans Robert L
Director
- 5000
152.5072 USD
7 years ago
Dec 30, 2016
Sell 1.88 M USD
Evans Robert L
Director
- 12500
150.002 USD
7 years ago
Dec 23, 2016
Sell 760 K USD
Evans Robert L
Director
- 5000
152.05 USD
7 years ago
Dec 21, 2016
Sell 1.54 M USD
Evans Robert L
Director
- 10000
153.851 USD
7 years ago
Dec 19, 2016
Sell 186 K USD
Evans Robert L
Director
- 1207
153.75 USD
7 years ago
Dec 08, 2016
Sell 491 K USD
Evans Robert L
Director
- 3145
156 USD
7 years ago
Dec 07, 2016
Sell 772 K USD
Evans Robert L
Director
- 5000
154.5 USD
7 years ago
Nov 30, 2016
Sell 20.4 M USD
DUCHOSSOIS CRAIG J
Director
- 137141
148.75 USD
7 years ago
Nov 30, 2016
Sell 20.4 M USD
DUCHOSSOIS RICHARD L
Director
- 137141
148.75 USD
7 years ago
Nov 23, 2016
Sell 775 K USD
Evans Robert L
Director
- 5000
155.074 USD
8 years ago
Nov 18, 2016
Sell 2.29 M USD
Evans Robert L
Director
- 15041
151.9696 USD
8 years ago
Sep 02, 2016
Sell 750 K USD
Evans Robert L
Director
- 5000
150 USD
8 years ago
Aug 22, 2016
Sell 744 K USD
Evans Robert L
Director
- 5000
148.75 USD
8 years ago
Aug 18, 2016
Sell 738 K USD
Evans Robert L
Director
- 5000
147.5 USD
8 years ago
Aug 15, 2016
Sell 733 K USD
Evans Robert L
Director
- 5000
146.542 USD
7. News
The Zacks Analyst Blog Snap-on, Griffon, Churchill Downs and Roper Technologies Snap-on, Griffon, Churchill Downs and Roper Technologies are included in this Analyst Blog. zacks.com - 2 days ago
Churchill Downs Incorporated Opens The Rose Gaming Resort in Northern Virginia $460 Million Investment Creates a Worldclass Entertainment Destination Resort Supporting Horse Racing and Agriculture Industry in Virginia $460 Million Investment Creates a Worldclass Entertainment Destination Resort Supporting Horse Racing and Agriculture Industry in Virginia globenewswire.com - 1 week ago
Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript Churchill Downs Incorporated (NASDAQ:CHDN ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Sam Ullrich - Vice President, Investor Relations William Carstanjen - Chief Executive Officer Marcia Dall - Executive Vice President and Chief Financial Officer William Mudd - President and Chief Operating Officer Bradley Blackwell - Executive Vice President and General Counsel Conference Call Participants David Katz - Jefferies Barry Jonas - Truist Securities Dan Politzer - Wells Fargo Chad Beynon - Macquarie Jeff Stantial - Stifel Joseph Stauff - SIG Shaun Kelley - Bank of America Daniel Guglielmo - Capital One Securities Jordan Bender - Citizens JMP Benjamin Chaiken - Mizuho Operator Good day, ladies and gentlemen, and welcome to the Churchill Downs Incorporated 2024 Third Quarter Earnings Conference call. At this time, all participants are in a listen-only mode. seekingalpha.com - 3 weeks ago
Churchill Downs (CHDN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates While the top- and bottom-line numbers for Churchill Downs (CHDN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 3 weeks ago
Churchill Downs (CHDN) Q3 Earnings Beat Estimates Churchill Downs (CHDN) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.87 per share a year ago. zacks.com - 3 weeks ago
Churchill Downs Incorporated Announces New HRM Entertainment Venue in Calvert City, Kentucky LOUISVILLE, Ky., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (“CDI” or “the Company”) announced today the planned development of a $40 to $50 million historical racing machine (“HRM”) entertainment venue in Calvert City, Kentucky. CDI plans to open the new 23,000 square-foot facility with 250 HRMs, a sports bar and a sportsbook, and a simulcast center in early 2026. The new facility will serve as an extension of Oak Grove Racing, Gaming and Hotel (“Oak Grove”) and will be CDI's eighth historical horse racing entertainment venue in the Commonwealth of Kentucky. globenewswire.com - 3 weeks ago
Churchill Downs Incorporated Reports 2024 Third Quarter Results LOUISVILLE, Ky., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (Nasdaq: CHDN) (the "Company", "CDI", "we") today reported business results for the third quarter ended September 30, 2024. globenewswire.com - 3 weeks ago
Churchill Downs (CHDN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates Beyond analysts' top -and-bottom-line estimates for Churchill Downs (CHDN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024. zacks.com - 3 weeks ago
Churchill Downs (CHDN) Earnings Expected to Grow: Should You Buy? 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 month ago
6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative' The outlook for growth in 2024 for casino companies could be one key area to watch in the gaming space along with a favorable backdrop for online sports betting companies, an analyst said. benzinga.com - 1 month ago
6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative' The outlook for growth in 2024 for casino companies could be one key area to watch in the gaming space along with a favorable backdrop for online sports betting companies, an analyst said. benzinga.com - 1 month ago
Will Churchill Downs (CHDN) Beat Estimates Again in Its Next Earnings Report? Churchill Downs (CHDN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. zacks.com - 1 month ago
Here's Why Investors Should Retain Churchill Downs Stock Now CHDN focuses on development efforts and Exacta acquisition to drive growth. However, rising capital expenditures are a concern. zacks.com - 1 month ago
8. Profile Summary

Churchill Downs Incorporated CHDN

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COUNTRY US
INDUSTRY Gambling, Resorts & Casinos
MARKET CAP $ 10.2 B
Dividend Yield 0.00%
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 5660
Officers Mr. William E. Mudd President & Chief Operating Officer Tonya Abeln Vice President of Corporate Communications Sam Ullrich Vice President of Investor Relations Mr. Jason Sauer Senior Vice President of Corporate Development Ms. Katherine Armstrong Senior Vice President of Human Resources Ms. Maureen Adams Executive Vice President of Gaming Operations Mr. Nate Simon Senior Vice President & Chief Technology Officer Jon E. Rauch Vice President & Chief Accounting Officer Ms. Marcia Ann Dall CPA Executive Vice President & Chief Financial Officer Mr. William C. Carstanjen Chief Executive Officer & Director