Churchill Downs, Incorporated CHDN

79.77 0.36 0.45% as of 25 Sep
Market cap
$5.5B
P/E
13.7×
Growth Flags show if company had growth for consecutive years
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
22.98 26.78 9.68 40.12 0.00 37.35 18.20 24.12 23.31 21.51
P/S ratio
2.03 4.13 3.33 4.14 7.32 5.82 4.41 4.09 3.61 2.78
P/FCF ratio
12.42 39.98 81.32 43.42 0.00 27.92 24.70 124.00 54.48 29.40
P/Operating CF
57.16 76.05 53.82 170.33 1,676.97 135.75 92.46 94.54 75.67 84.62
P/B ratio
3.54 5.69 7.10 10.77 21.01 30.31 14.47 11.27 9.12 8.04
Price to Tangible BV
11.57 23.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales
2.74 5.31 4.03 5.14 8.74 6.83 6.84 5.96 5.32 4.43
EV/EBITDA
10.58 18.02 16.12 21.58 58.29 27.77 28.09 19.86 15.91 14.04
EV/Operating CF
14.11 21.80 20.57 23.36 64.35 23.75 24.24 24.26 18.84 16.84
EV/FCF
16.73 51.47 98.54 53.93 (73.37) 32.76 38.33 180.83 80.13 46.92
Quick Ratio
0.34 0.37 0.85 0.65 0.49 1.17 0.48 0.45 0.50 0.54
Current Ratio
0.53 0.57 0.94 0.73 0.55 1.27 0.55 0.53 0.57 0.60
Net Debt/EBITDA
2.82 4.02 2.82 4.20 9.50 4.10 9.98 6.24 5.09 5.24
Debt/Assets
40.88% 47.86% 51.26% 57.78% 60.39% 66.00% 74.20% 69.53% 67.44% 68.54%
Debt/Equity
1.35 1.76 1.87 2.88 4.42 6.41 8.35 5.41 4.53 5.08
Asset Turnover
0.36 0.38 0.49 0.62 0.40 0.56 0.39 0.37 0.38 0.40
Operating CF/Net income
2.14 1.53 0.56 2.13 (1.75) 1.84 1.16 1.45 1.81 2.01
Capex/Depreciation
(0.23) (1.02) (2.35) (1.62) (2.39) (0.85) (1.49) (2.74) (2.67) (1.92)
Interest Coverage
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
ROE
16.60% 21.20% 63.36% 27.94% (18.65%) 73.93% 102.39% 57.75% 43.17% 36.59%
ROA
4.77% 6.09% 17.27% 6.43% (3.13%) 8.79% 9.56% 6.34% 6.00% 5.19%
ROIC
7.06% 5.40% 9.96% 7.32% 2.01% 9.26% 4.06% 6.40% 7.72% 7.30%
Return on Tangible Assets
31.94% 34.19% 47.52% 16.04% (9.17%) 22.62% 25.83% 18.91% 16.69% 14.57%
Average Days of Receivables
34.53 35.23 16.57 14.22 29.75 24.75 19.26 17.72 15.11 13.78
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
9.65% 9.46% 8.98% 9.18% 10.89% 8.67% 9.07% 8.22% 8.69% 8.41%
Intangible Assets out of Total Assets
0.21 0.21 0.35 0.29 0.27 0.24 0.50 0.48 0.45 0.46
Share Based Compensation of Revenue
2.30% 3.07% 2.09% 1.79% 2.25% 1.74% 1.76% 1.34% 1.32% 1.03%
Graham Net Nets
(0.55) (0.40) (0.30) (0.33) (0.27) (0.23) (0.67) (0.56) (0.58) (0.74)
Graham Number
13.04 15.25 23.27 15.66 0.00 16.98 30.73 38.52 43.45 41.03
Earnings Yield
4.35% 3.73% 10.33% 2.49% (1.06%) 2.68% 5.49% 4.15% 4.29% 4.65%
Free Cash Flow Yield
8.05% 2.50% 1.23% 2.30% (1.63%) 3.58% 4.05% 0.81% 1.84% 3.40%
Revenue per Share
8.34 9.35 12.22 16.58 13.31 20.69 23.84 32.74 36.95 40.98
Operating CF per Share
2.35 2.28 2.39 3.65 1.81 5.95 6.73 8.05 10.43 10.78
Capex per Share
(0.30) (1.24) (1.81) (2.04) (2.96) (1.19) (2.34) (6.39) (7.39) (6.45)
Free Cash Flow per Share
2.05 1.04 0.59 1.61 (1.15) 4.76 4.39 1.66 3.04 4.34
Cash per Share
0.81 0.88 2.10 1.78 1.53 4.61 2.70 2.95 3.41 4.04
Shareholders Equity per Share
6.95 6.78 5.73 6.37 4.64 3.97 7.27 11.88 14.64 14.14
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
6.95 6.78 5.73 6.37 4.64 3.97 7.27 11.88 14.64 14.14
Free Cash Flow
202.30 98.20 48.40 129.20 (91.00) 367.70 333.00 124.50 224.70 309.60
Working Capital
(222.10) (197.10) (15.10) (80.00) (189.10) 106.50 (277.10) (355.00) (317.00) (290.10)
Capital Expenditures
(29.10) (116.90) (149.40) (163.30) (234.20) (91.80) (177.80) (480.80) (547.00) (460.20)
Net Current Asset Value
(1,323.40) (1,463.00) (1,010.40) (1,818.80) (2,084.20) (2,173.30) (5,310.80) (5,661.10) (5,780.00) (6,031.60)
EV/EBIT
17.86 32.20 21.55 31.68 153.08 38.37 38.47 26.03 20.50 18.96
Capex to Sales
0.04 0.13 0.15 0.12 0.22 0.06 0.10 0.20 0.20 0.16
Net Profit Margin
13.14% 15.92% 34.97% 10.34% (7.77%) 15.60% 24.28% 16.95% 15.61% 13.09%
Price to Operating Income
13.26 25.02 17.79 25.51 128.14 32.70 24.80 17.85 13.94 11.88
Other line items
Depreciation/Fixed assets
0.22 0.19 0.08 0.11 0.09 0.11 0.06 0.07 0.07 0.08
Cash ROIC
(19.52%) (21.21%) (36.56%) (30.31%) (44.49%) (20.35%) (27.37%) (32.86%) (33.69%) (33.43%)
Accounts Receivable Turnover
11.22 10.83 15.40 27.25 15.31 16.45 17.76 22.90 23.50 26.16
Accounts Payable Turnover
13.41 12.15 14.23 18.83 13.39 15.12 10.95 10.96 10.60 10.66
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
30.42 31.37 23.85 21.38 29.99 25.87 42.71 34.73 36.65 34.62
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
73.30 81.50 65.50 48.80 68.85 97.10 101.90 107.50 116.35 111.85
Average Payables
44.30 51.80 50.55 52.40 64.25 76.15 113.55 152.00 169.40 182.30
Average Assets
2,265.90 2,306.90 2,042.30 2,138.10 2,618.70 2,834.00 4,594.20 6,581.15 7,115.70 7,380.20
Average Common Equity
651.10 662.65 556.80 492.15 439.05 336.95 429.15 722.55 988.60 1,046.65

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