CHDN Stock Price, Churchill Downs Inc Quote, Chart

Market Summary

USD122.16+1.43

Market Closed

1.18%

CHDN Stock Price

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CHDN RSI Chart

CHDN Valuation

Market Cap

9.0B

Price/Earnings (Trailing)

21.57

Price/Sales (Trailing)

3.66

EV/EBITDA

8.86

Price/Free Cashflow

14.87

CHDN Price/Sales (Trailing)

CHDN Profitability

EBT Margin

22.82%

Return on Equity

46.7%

Return on Assets

6%

Free Cashflow Yield

6.73%

CHDN Fundamentals

CHDN Revenue

Revenue (TTM)

2.5B

Rev. Growth (Yr)

16.89%

Rev. Growth (Qtr)

-1.97%

CHDN Earnings

Earnings (TTM)

417.3M

Earnings Growth (Yr)

5.7K%

Earnings Growth (Qtr)

-5.57%

Breaking Down CHDN Revenue

Last 7 days

0.7%

Last 30 days

4.1%

Last 90 days

-0.2%

Trailing 12 Months

-4.6%

How does CHDN drawdown profile look like?

CHDN Financial Health

Current Ratio

0.53

Debt/Equity

0.43

Debt/Cashflow

1.57

CHDN Investor Care

Dividend Yield

0.31%

Dividend/Share (TTM)

0.38

Buy Backs (1Y)

1.45%

Diluted EPS (TTM)

5.49

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	2.0B	2.2B	2.4B	2.5B
2022	1.6B	1.7B	1.7B	1.8B
2021	1.1B	1.5B	1.5B	1.6B
2020	1.3B	1.0B	1.1B	1.1B
2019	1.1B	1.2B	1.3B	1.3B
2018	904.4M	944.5M	968.9M	1.0B
2017	823.6M	849.6M	865.5M	882.6M
2016	1.1B	1.0B	933.0M	822.4M
2015	896.0M	1.0B	1.1B	1.2B
2014	798.3M	818.2M	806.2M	812.2M
2013	741.0M	753.8M	774.4M	779.0M
2012	703.5M	724.6M	723.2M	731.3M
2011	631.7M	666.0M	684.8M	696.9M
2010	0	508.8M	547.1M	585.3M
2009	0	0	0	470.5M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Churchill Downs Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 31, 2024	grissom douglas c	acquired	-	-	277	-
Mar 31, 2024	bridgeman ulysses l jr	acquired	-	-	102	-
Feb 10, 2024	adams maureen	sold (taxes)	-85,016	123	-687	evp, gaming operations
Feb 10, 2024	blackwell bradley k.	acquired	-	-	3,212	evp, general counsel
Feb 10, 2024	adams maureen	acquired	-	-	2,118	evp, gaming operations
Feb 10, 2024	blackwell bradley k.	sold (taxes)	-125,978	123	-1,018	evp, general counsel
Feb 08, 2024	carstanjen william c	acquired	-	-	57,984	chief executive officer
Feb 08, 2024	mudd william e	sold (taxes)	-1,476,860	123	-12,007	president and coo
Feb 08, 2024	carstanjen william c	sold (taxes)	-3,195,170	123	-25,977	chief executive officer
Feb 08, 2024	dall marcia a	sold (taxes)	-738,492	123	-6,004	evp, and cfo

Which funds bought or sold CHDN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	Gleason Group, Inc.	added	0.22	-4,812	55,232	0.01%
Apr 12, 2024	BALDWIN BROTHERS LLC/MA	unchanged	-	-4,024	44,550	-%
Apr 12, 2024	AdvisorNet Financial, Inc	sold off	-100	-675	-	-%
Apr 11, 2024	CONGRESS ASSET MANAGEMENT CO /MA	reduced	-62.15	-2,169,040	1,153,470	0.01%
Apr 11, 2024	Walker Financial Services, Inc.	sold off	-100	-216,242	-	-%
Apr 11, 2024	SALEM INVESTMENT COUNSELORS INC	unchanged	-	-13,875	148,500	-%
Apr 11, 2024	Fortitude Family Office, LLC	unchanged	-	-56.00	619	-%
Apr 10, 2024	PARK AVENUE SECURITIES LLC	added	3.72	-53,000	1,039,000	0.01%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	reduced	-7.97	-2,904	15,716	-%
Apr 09, 2024	Lowe Wealth Advisors, LLC	unchanged	-	-1,118	12,375	0.01%

Are Funds Buying or Selling CHDN?

Are funds buying CHDN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CHDN

No. of Funds

Unveiling Churchill Downs Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.01%	6,723,558	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 09, 2024	capital research global investors	9.1%	6,814,665	SC 13G
Jan 25, 2024	blackrock inc.	8.2%	6,136,637	SC 13G/A
Dec 19, 2023	duchossois group, inc.	4.1%	3e+06	SC 13D/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	8.85%	3,310,700	SC 13G/A
Feb 03, 2023	blackrock inc.	8.0%	2,988,923	SC 13G/A
Mar 17, 2022	duchossois group, inc.	5.3%	2e+06	SC 13D/A
Feb 09, 2022	vanguard group inc	8.93%	3,416,897	SC 13G/A

Recent SEC filings of Churchill Downs Inc

View All Filings

Date Filed	Form Type	Document
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Mar 14, 2024	ARS	ARS
Mar 14, 2024	DEF 14A	DEF 14A
Mar 14, 2024	DEFA14A	DEFA14A
Feb 21, 2024	10-K	Annual Report
Feb 21, 2024	8-K	Current Report
Feb 13, 2024	4	Insider Trading
Feb 13, 2024	4	Insider Trading
Feb 13, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Churchill Downs Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BKNG	119.2B	21.4B	2.18%	31.64%	27.79	5.58	25.01%	40.26%
ABNB	99.1B	9.9B	-3.13%	35.73%	20.69	10	18.07%	153.14%
DKNG	37.9B	3.7B	4.62%	-	-47.22	10.33	63.60%	41.79%
RCL	32.6B	13.9B	-1.33%	105.34%	19.24	2.35	57.24%	178.71%
CCL	15.8B	22.6B	-13.53%	46.46%	38.96	0.7	77.46%	108.27%
MGM	13.7B	16.2B	-0.07%	-1.61%	11.99	0.85	23.13%	-22.46%
MID-CAP
HAS	7.7B	5.0B	4.28%	6.09%	-5.18	1.54	-14.57%	-831.84%
NCLH	7.4B	8.5B	-10.62%	37.18%	44.42	0.86	76.51%	107.32%
MAT	6.2B	5.4B	-5.63%	2.15%	29.03	1.14	0.12%	-45.58%
PENN	2.5B	6.4B	-7.82%	-43.36%	-5.06	0.39	-0.61%	-320.62%
SMALL-CAP
PTON	1.2B	2.7B	-24.07%	-65.76%	-1.36	0.43	-10.55%	68.37%
ACEL	914.3M	1.2B	-3.79%	20.95%	20.05	0.78	20.69%	-38.46%
AGS	347.5M	356.5M	4.11%	37.79%	811.94	0.97	15.22%	105.33%
CLAR	240.5M	286.0M	-6.95%	-34.07%	-23.7	0.84	-36.17%	85.46%
CNTY	97.8M	550.2M	2.88%	-55.34%	-3.47	0.18	27.80%	-453.54%

Churchill Downs Inc News

Latest updates

Churchill Downs Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-2.0%	561	573	769	560	480	383	583	364	365	393	515	324	278	338	185	253	281	306	477	265	219
Operating Expenses	-1.1%	455	460	543	440	468	320	383	317	330	325	380	278	256	288	186	265	277	279	321	237	207
S&GA Expenses	3.0%	52.00	50.00	48.00	52.00	52.00	38.00	38.00	36.00	39.00	36.00	33.00	30.00	30.00	39.00	22.00	24.00	33.00	34.00	30.00	25.00	27.00
EBITDA Margin	7.8%	0.41*	0.38*	0.38*	0.54*	0.48*	0.52*	0.52*	0.33*	0.33*	0.33*	0.32*	0.24*	0.17*	0.17*	0.14*	0.24*	-	-	-	-	-
Interest Expenses	4.0%	71.00	68.00	65.00	65.00	55.00	36.00	35.00	21.00	22.00	22.00	22.00	19.00	21.00	20.00	20.00	19.00	19.00	19.00	19.00	14.00	11.00
Income Taxes	-31.2%	14.00	21.00	56.00	53.00	-4.10	16.00	141	17.00	10.00	26.00	42.00	16.00	0.00	14.00	-7.90	-11.60	4.00	8.00	39.00	7.00	-0.80
Earnings Before Taxes	-12.1%	72.00	82.00	199	209	-3.10	73.00	480	59.00	54.00	88.00	150	52.00	17.00	57.00	-31.50	-34.20	8.00	23.00	147	18.00	7.00
EBT Margin	11.6%	0.23*	0.20*	0.22*	0.38*	0.34*	0.39*	0.40*	0.21*	0.22*	0.20*	0.19*	0.08*	0.01*	0.00*	-0.03*	0.11*	-	-	-	-	-
Net Income	-5.6%	58.00	61.00	143	156	1.00	57.00	339	42.00	43.00	61.00	108	36.00	16.00	43.00	-118	-23.50	4.00	15.00	108	12.00	7.00
Net Income Margin	11.9%	0.17*	0.15*	0.16*	0.28*	0.24*	0.28*	0.29*	0.16*	0.16*	0.15*	0.14*	-0.02*	-0.08*	-0.09*	-0.12*	0.08*	-	-	-	-	-
Free Cashflow	10.7%	107	96.00	175	204	75.00	32.00	234	124	57.00	45.00	219	93.00	-6.90	50.00	22.00	32.00	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.0%	6,956	6,751	6,579	6,274	6,207	4,674	4,620	3,037	2,982	2,974	2,971	2,787	2,982	3,263	3,216	3,204	2,551	2,563	2,589	2,479	1,725
Current Assets	8.1%	401	371	583	378	345	1,806	2,005	520	502	528	533	347	235	807	818	843	221	302	349	259	242
Cash Equivalents	11.2%	145	130	374	174	130	1,693	1,900	360	356	386	411	196	121	680	699	745	143	234	246	157	173
Net PPE	-100.0%	-	2,384	2,230	2,095	1,978	1,241	1,130	1,036	995	1,053	1,058	1,069	1,082	1,082	1,043	991	937	895	880	867	758
Goodwill	0%	900	900	723	724	724	9.00	367	367	367	367	367	367	367	367	367	367	367	3.00	364	364	26.00
Liabilities	3.4%	6,062	5,862	5,725	5,569	5,655	4,061	4,017	2,719	2,675	2,635	2,653	2,585	2,319	2,891	2,893	2,768	2,040	2,012	2,035	2,022	1,252
Current Liabilities	12.8%	756	670	648	694	622	492	528	432	395	353	370	305	424	471	488	344	301	276	309	298	257
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	385	386	387	387
LT Debt, Current	0%	68.00	68.00	68.00	72.00	47.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	385	386	387	387
Shareholder's Equity	0.6%	894	889	854	704	552	613	603	318	307	339	317	202	367	372	323	436	511	550	553	457	473
Retained Earnings	0.6%	895	890	847	700	552	614	604	319	308	340	310	201	350	358	315	434	509	551	551	458	474
Shares Outstanding	-1.1%	75.00	75.00	75.00	75.00	75.00	76.00	76.00	77.00	77.00	77.00	77.00	78.00	79.00	79.00	79.00	79.00	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.00	3.00	3.00	-	-	-	-
Float	-	-	-	9,416	-	-	-	6,381	-	-	-	6,668	-	-	-	4,544	-	-	-	4,001	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	10.7%	106,500	96,200	186,700	215,900	86,300	43,700	245,600	135,200	68,500	56,700	230,100	104,200	4,600	61,700	33,400	43,500	32,300	45,900	144,000	70,300	62,400
Share Based Compensation	0%	8,100	8,100	8,100	8,600	8,300	9,100	7,400	7,000	7,400	7,800	7,100	5,500	6,400	6,900	6,100	4,300	6,200	5,500	7,400	4,700	4,600
Cashflow From Investing	60.9%	-168,500	-430,500	-173,500	54,500	-2,996,700	-211,600	167,400	-62,800	-45,200	-24,700	-18,200	-12,300	-26,600	-81,000	-83,500	-48,300	-90,600	-36,700	-34,800	-619,100	-24,800
Cashflow From Financing	4.9%	90,600	86,400	190,000	-237,700	1,395,900	-38,400	1,126,500	-68,000	-54,000	-57,100	3,800	106,800	-536,600	1,200	4,600	606,800	-30,100	-20,900	-21,100	532,900	-34,200
Dividend Payments	200.0%	300	100	-	26,700	300	-	-	25,700	-	-	-	24,800	-	-	-	23,400	-	-	-	22,200	200
Buy Backs	-46.1%	20,100	37,300	-	500	30,400	59,000	61,500	25,000	55,100	50,000	-	193,900	-	-	500	27,900	27,600	25,000	18,000	25,000	29,600

CHDN Income Statement

2023-12-31

Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net revenue:
Total net revenue	$ 2,461.7	$ 1,809.8	$ 1,597.2
Operating expense:
Selling, general and administrative expense	202.3	164.2	138.5
Asset impairments	24.6	38.3	15.3
Transaction expense, net	4.8	42.1	7.9
Total operating expense	1,897.7	1,488.0	1,312.8
Operating income	564.0	321.8	284.4
Other (expense) income:
Interest expense, net	(268.4)	(147.3)	(84.7)
Equity in income of unconsolidated affiliates	146.3	152.7	143.2
Gain on the sale of assets	114.0	274.6	0.0
Miscellaneous, net	5.9	7.0	0.7
Total other (expense) income	(2.2)	287.0	59.2
Income before provision for income taxes	561.8	608.8	343.6
Income tax provision	(144.5)	(169.4)	(94.5)
Net income	$ 417.3	$ 439.4	$ 249.1
Net income per common share - basic (in dollars per share)	$ 5.55	$ 5.79	$ 3.22
Net income per common share - diluted (in dollars per share)	$ 5.49	$ 5.71	$ 3.18
Weighted average shares outstanding:
Basic (in shares)	75.2	75.9	77.2
Diluted (in shares)	76.1	77.0	78.4
Live and Historical Racing
Net revenue:
Total net revenue	$ 1,047.3	$ 614.6	$ 409.1
Operating expense:
Operating expense	662.2	400.9	288.9
TwinSpires
Net revenue:
Total net revenue	444.9	436.4	451.4
Operating expense:
Operating expense	288.2	293.6	345.8
Gaming
Net revenue:
Total net revenue	968.6	755.9	695.4
Operating expense:
Operating expense	700.0	537.9	476.3
All Other
Net revenue:
Total net revenue	0.9	2.9	41.3
Operating expense:
Operating expense	$ 15.6	$ 11.0	$ 40.1

CHDN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 144.5	$ 129.8
Restricted cash	77.3	74.9
Accounts receivable, net	106.9	81.5
Income taxes receivable	12.6	14.0
Other current assets	59.5	44.3
Total current assets	400.8	344.5
Property and equipment, net	2,561.2	1,978.3
Investment in and advances to unconsolidated affiliates	655.9	659.4
Goodwill	899.9	723.8
Other intangible assets, net	2,418.4	2,391.8
Other assets	19.3	27.0
Long-term assets held for sale	0.0	82.0
Total assets	6,955.5	6,206.8
Current liabilities:
Accounts payable	158.5	145.5
Accrued expenses and other current liabilities	426.8	363.1
Current deferred revenue	73.2	39.0
Current maturities of long-term debt	68.0	47.0
Dividends payable	29.3	27.0
Total current liabilities	755.8	621.6
Long-term debt (net of current maturities and loan origination fees of $8.9 in 2023 and $10.2 in 2022)	1,697.1	2,081.6
Notes payable (net of debt issuance costs of $28.8 in 2023 and $22.9 in 2022)	3,071.2	2,477.1
Non-current deferred revenue	11.8	11.8
Deferred income taxes	388.2	340.8
Other liabilities	137.8	122.4
Total liabilities	6,061.9	5,655.3
Commitments and contingencies
Shareholders' equity:
Preferred stock, no par value; 0.3 shares authorized; no shares issued or outstanding	0.0	0.0
Common stock, no par value; 300.0 shares authorized; 74.5 shares issued and outstanding December 31, 2023 and 74.8 shares at December 31, 2022	0.0	0.0
Retained earnings	894.5	552.4
Accumulated other comprehensive loss	(0.9)	(0.9)
Total shareholders' equity	893.6	551.5
Total liabilities and shareholders' equity	$ 6,955.5	$ 6,206.8

About Churchill Downs Inc

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through Live and Historical Racing, TwinSpires, and Gaming segments. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sportsbooks; and casino gaming. 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.

CEO	Mr. William C. Carstanjen
WEBSITE	churchilldownsincorporated.com
INDUSTRY	Leisure
EMPLOYEES	5500

Churchill Downs Inc Frequently Asked Questions

What is the ticker symbol for Churchill Downs Inc? What does CHDN stand for in stocks?

CHDN is the stock ticker symbol of Churchill Downs Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Churchill Downs Inc (CHDN)?

As of Mon Apr 15 2024, market cap of Churchill Downs Inc is 9 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CHDN stock?

You can check CHDN's fair value in chart for subscribers.

What is the fair value of CHDN stock?

You can check CHDN's fair value in chart for subscribers. The fair value of Churchill Downs Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Churchill Downs Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CHDN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Churchill Downs Inc a good stock to buy?

The fair value guage provides a quick view whether CHDN is over valued or under valued. Whether Churchill Downs Inc is cheap or expensive depends on the assumptions which impact Churchill Downs Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CHDN.

What is Churchill Downs Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, CHDN's PE ratio (Price to Earnings) is 21.57 and Price to Sales (PS) ratio is 3.66. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CHDN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Churchill Downs Inc's stock?

In the past 10 years, Churchill Downs Inc has provided 0.237 (multiply by 100 for percentage) rate of return.