Churchill Downs Incorporated

Company Profile

Churchill Downs Incorporated had its IPO on 1993-03-29 under the ticker symbol CHDN.

The company operates in the Consumer Cyclical sector and Gambling industry. Churchill Downs Incorporated has a staff strength of 5,500 employees.

Stock update

Shares of Churchill Downs Incorporated opened at $250 at the start of the last trading session i.e. 2023-03-30.

The stocks traded within a range of $250 - $254, and closed at $253.38.

This is a +1.35% increase from the previous day's closing price.

A total volume of 151,697 shares were traded at the close of the day’s session.

In the last one week, shares of Churchill Downs Incorporated have increased by +0.18%.

Churchill Downs Incorporated's Key Ratios

Churchill Downs Incorporated has a market cap of $9.50 billion, indicating a price to book ratio of 13.8222 and a price to sales ratio of 4.8769.

In the last 12-months Churchill Downs Incorporated’s revenue was $1.81 billion with a gross profit of $566.40 million and an EBITDA of $505.20 million. The EBITDA ratio measures Churchill Downs Incorporated's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Churchill Downs Incorporated’s operating margin was 22.22% while its return on assets stood at 5.47% with a return of equity of 102.39%.

In Q4, Churchill Downs Incorporated’s quarterly earnings growth was a negative -97.6% while revenue growth was a positive 31.6%.

Churchill Downs Incorporated’s PE and PEG Ratio

Forward PE

0

Trailing PE

21.8723

PEG

2.58

Its diluted EPS in the last 12-months stands at $11.43 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 2.58. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Churchill Downs Incorporated’s profitability.

Churchill Downs Incorporated stock is trading at a EV to sales ratio of 6.8097 and a EV to EBITDA ratio of 12.9842. Its price to sales ratio in the trailing 12-months stood at 4.8769.

Churchill Downs Incorporated stock pays annual dividends of $0.714 per share, indicating a yield of 0.29% and a payout ratio of 8.7%.

Balance sheet and cash flow metrics

Total Assets

$6.21 billion

Total Liabilities

$621.60 million

Operating Cash Flow

$-2996700000.00

Capital Expenditure

$159.80 million

Dividend Payout Ratio

8.7%

Churchill Downs Incorporated ended 2023 with $6.21 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.21 billion while shareholder equity stood at $551.50 million.

Churchill Downs Incorporated ended 2023 with $340.80 million in deferred long-term liabilities, $621.60 million in other current liabilities, in common stock, $552.40 million in retained earnings and $723.80 million in goodwill. Its cash balance stood at $129.80 million and cash and short-term investments were $129.80 million. The company’s total short-term debt was $47,000,000 while long-term debt stood at $2.48 billion.

Churchill Downs Incorporated’s total current assets stands at $344.50 million while long-term investments were $659.40 million and short-term investments were $0. Its net receivables were $95.50 million compared to accounts payable of $145.50 million and inventory worth $0.

In 2023, Churchill Downs Incorporated's operating cash flow was $-2996700000.00 while its capital expenditure stood at $159.80 million.

Comparatively, Churchill Downs Incorporated paid $0.09 in dividends in 2023.

Other key metrics

Current Trading Price

$253.38

52-Week High

$258.33

52-Week Low

$172.1943

Analyst Target Price

$280.43

Churchill Downs Incorporated stock is currently trading at $253.38 per share. It touched a 52-week high of $258.33 and a 52-week low of $258.33. Analysts tracking the stock have a 12-month average target price of $280.43.

Its 50-day moving average was $245.65 and 200-day moving average was $215.92 The short ratio stood at 4.26 indicating a short percent outstanding of 0%.

Around 1056.9% of the company’s stock are held by insiders while 7692.8% are held by institutions.