Churchill Downs (CHDN)
Churchill Downs Statistics
Share Statistics
Churchill Downs has 73.50M shares outstanding. The number of shares has increased by -0.25% in one year.
| Shares Outstanding | 73.50M |
| Shares Change (YoY) | -0.25% |
| Shares Change (QoQ) | 0.11% |
| Owned by Institutions (%) | 75.56% |
| Shares Floating | 66.13M |
| Failed to Deliver (FTD) Shares | 119 |
| FTD / Avg. Volume | 0.03% |
Short Selling Information
The latest short interest is 1.48M, so 2.01% of the outstanding shares have been sold short.
| Short Interest | 1.48M |
| Short % of Shares Out | 2.01% |
| Short % of Float | 2.23% |
| Short Ratio (days to cover) | 3.33 |
Valuation Ratios
The PE ratio is 23.15 and the forward PE ratio is 17.89. Churchill Downs's PEG ratio is 5.84.
| PE Ratio | 23.15 |
| Forward PE | 17.89 |
| PS Ratio | 3.61 |
| Forward PS | 2.8 |
| PB Ratio | 0 |
| P/FCF Ratio | 0 |
| PEG Ratio | 5.84 |
Enterprise Valuation
Churchill Downs has an Enterprise Value (EV) of 14.84B.
| EV / Earnings | 34.77 |
| EV / Sales | 5.43 |
| EV / EBITDA | 20.93 |
| EV / EBIT | 20.93 |
| EV / FCF | -209.88 |
Financial Position
The company has a current ratio of 0, with a Debt / Equity ratio of 0.
| Current Ratio | 0 |
| Quick Ratio | 0 |
| Debt / Equity | 0 |
| Total Debt / Capitalization | 0 |
| Cash Flow / Debt | 0 |
| Interest Coverage | -2.45 |
Financial Efficiency
Return on equity (ROE) is 0% and return on capital (ROIC) is 15.48%.
| Return on Equity (ROE) | 0% |
| Return on Assets (ROA) | 0% |
| Return on Capital (ROIC) | 15.48% |
| Revenue Per Employee | 483.09K |
| Profits Per Employee | 75.41K |
| Employee Count | 5.66K |
| Asset Turnover | 0 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -144.10M |
| Effective Tax Rate | -0.25 |
Stock Price Statistics
The stock price has increased by 1.38% in the last 52 weeks. The beta is 0.95, so Churchill Downs's price volatility has been higher than the market average.
| Beta | 0.95 |
| 52-Week Price Change | 1.38% |
| 50-Day Moving Average | 128.73 |
| 200-Day Moving Average | 135.76 |
| Relative Strength Index (RSI) | 34.34 |
| Average Volume (20 Days) | 467.48K |
Income Statement
In the last 12 months, Churchill Downs had revenue of 2.73B and earned 426.80M in profits. Earnings per share was 5.77.
| Revenue | 2.73B |
| Gross Profit | 2.73B |
| Operating Income | 709.00M |
| Net Income | 426.80M |
| EBITDA | 709.00M |
| EBIT | 709.00M |
| Earnings Per Share (EPS) | 5.77 |
Balance Sheet
The company has 144.50M in cash and 4.84B in debt, giving a net cash position of -4.69B.
| Cash & Cash Equivalents | 144.50M |
| Total Debt | 4.84B |
| Net Cash | -4.69B |
| Retained Earnings | 894.50M |
| Total Assets | 7.28B |
| Working Capital | -317.00M |
Cash Flow
In the last 12 months, operating cash flow was 605.80M and capital expenditures -676.50M, giving a free cash flow of -70.70M.
| Operating Cash Flow | 605.80M |
| Capital Expenditures | -676.50M |
| Free Cash Flow | -70.70M |
| FCF Per Share | null |
Margins
Gross margin is 100%, with operating and profit margins of 25.93% and 15.61%.
| Gross Margin | 100% |
| Operating Margin | 25.93% |
| Pretax Margin | 20.96% |
| Profit Margin | 15.61% |
| EBITDA Margin | 25.93% |
| EBIT Margin | 25.93% |
| FCF Margin | -2.59% |
Dividends & Yields
CHDN pays an annual dividend of $0.41, which amounts to a dividend yield of 0.34%.
| Dividend Per Share | $0.41 |
| Dividend Yield | 0.34% |
| Dividend Growth (YoY) | 7.33% |
| Payout Ratio | 7.41% |
| Earnings Yield | 4.85% |
| FCF Yield | -0.81% |
Analyst Forecast
The average price target for CHDN is $164, which is 37.8% higher than the current price. The consensus rating is "Buy".
| Price Target | $164 |
| Price Target Difference | 37.8% |
| Analyst Consensus | Buy |
| Analyst Count | 8 |
Stock Splits
The last stock split was on May 22, 2023. It was a forward split with a ratio of 2:1.
| Last Split Date | May 22, 2023 |
| Split Type | forward |
| Split Ratio | 2:1 |
Scores
| Altman Z-Score | 1.73 |
| Piotroski F-Score | 8 |