Churchill Downs, Incorporated CHDN

Consumer Cyclical — Gambling

79.77 0.36 0.45% as of 25 Sep

Market cap: $5.5B
P/E: 13.7×

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Dividend Aristocrat Revenue Champion (5y)

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Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

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

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Churchill Downs, Incorporated CHDN

Churchill Downs, Incorporated CHDN

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