Churchill Downs (CHDN)
Churchill Downs Statistics
Share Statistics
Churchill Downs has 73.55M shares outstanding. The number of shares has increased by -0.25% in one year.
| Shares Outstanding | 73.55M |
| Shares Change (YoY) | -0.25% |
| Shares Change (QoQ) | 0.11% |
| Owned by Institutions (%) | 77.37% |
| Shares Floating | 66.21M |
| Failed to Deliver (FTD) Shares | 396 |
| FTD / Avg. Volume | 0.06% |
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 | 2.5 |
| PB Ratio | 9.12 |
| P/FCF Ratio | 43.78 |
| 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 | 13.9 |
| EV / EBIT | 20.93 |
| EV / FCF | 65.74 |
Financial Position
The company has a current ratio of 4.59, with a Debt / Equity ratio of 0.78.
| Current Ratio | 4.59 |
| Quick Ratio | 4.46 |
| Debt / Equity | 0.78 |
| Total Debt / Capitalization | 43.66 |
| Cash Flow / Debt | 0.92 |
| Interest Coverage | 2.45 |
Financial Efficiency
Return on equity (ROE) is 0.39% and return on capital (ROIC) is 27.32%.
| Return on Equity (ROE) | 0.39% |
| Return on Assets (ROA) | 0.06% |
| Return on Capital (ROIC) | 27.32% |
| Revenue Per Employee | $421,959.88 |
| Profits Per Employee | $65,864.2 |
| Employee Count | 6,480 |
| Asset Turnover | 0.38 |
| Inventory Turnover | 154.81 |
Taxes
| Income Tax | 144.1M |
| Effective Tax Rate | 0.25 |
Stock Price Statistics
The stock price has increased by -4.87% in the last 52 weeks. The beta is 0.92, so Churchill Downs's price volatility has been higher than the market average.
| Beta | 0.92 |
| 52-Week Price Change | -4.87% |
| 50-Day Moving Average | 119.72 |
| 200-Day Moving Average | 133.52 |
| Relative Strength Index (RSI) | 43.53 |
| Average Volume (20 Days) | 671.86K |
Income Statement
In the last 12 months, Churchill Downs had revenue of 2.73B and earned 426.8M in profits. Earnings per share was 5.77.
| Revenue | 2.73B |
| Gross Profit | 938.5M |
| Operating Income | 709M |
| Net Income | 426.8M |
| EBITDA | 1.07B |
| EBIT | 709M |
| Earnings Per Share (EPS) | 5.77 |
Balance Sheet
The company has 175.5M in cash and 839.8M in debt, giving a net cash position of -664.3M.
| Cash & Cash Equivalents | 175.5M |
| Total Debt | 839.8M |
| Net Cash | -664.3M |
| Retained Earnings | 1.08B |
| Total Assets | 7.28B |
| Working Capital | -317M |
Cash Flow
In the last 12 months, operating cash flow was 772.7M and capital expenditures -547M, giving a free cash flow of 225.7M.
| Operating Cash Flow | 772.7M |
| Capital Expenditures | -547M |
| Free Cash Flow | 225.7M |
| FCF Per Share | 3.05 |
Margins
Gross margin is 34.32%, with operating and profit margins of 25.93% and 15.61%.
| Gross Margin | 34.32% |
| Operating Margin | 25.93% |
| Pretax Margin | 20.96% |
| Profit Margin | 15.61% |
| EBITDA Margin | 39.05% |
| EBIT Margin | 25.93% |
| FCF Margin | 8.25% |
Dividends & Yields
CHDN pays an annual dividend of $0.41, which amounts to a dividend yield of 0.29%.
| Dividend Per Share | $0.41 |
| Dividend Yield | 0.29% |
| Dividend Growth (YoY) | 7.07% |
| Payout Ratio | 7.19% |
| Earnings Yield | 5.15% |
| FCF Yield | 2.74% |
Analyst Forecast
The average price target for CHDN is $161, which is 43.7% higher than the current price. The consensus rating is "Buy".
| Price Target | $161 |
| Price Target Difference | 43.7% |
| 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 | 1.69 |
| Piotroski F-Score | 8 |