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Churchill Downs Incorporated

Churchill Downs Incorporated

CHDN
Churchill Downs IncorporatedUS flagNASDAQ Global Select
86.00
USD
-1.58
- -
5.99BMarket Cap

Total Valuation

Churchill Downs Incorporated carries a market capitalization of 5.99B, placing it among publicly traded companies globally. Its enterprise value stands at 11.12B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap5.99B
Enterprise Value11.12B

Share Statistics

Churchill Downs Incorporated currently has 69.70M shares outstanding.

Shares Outstanding69.70M
Owned by Insiders (%)N/A
Owned by Institutions (%)N/A

Valuation Ratios

Churchill Downs Incorporated trades at a trailing price-to-earnings ratio of 16.27. The price-to-sales ratio is 2.15, and the price-to-book ratio stands at 5.77.

PE Ratio16.27
PS Ratio2.15
PB Ratio5.77
P/TBV Ratio-2.79
P/FCF Ratio7.79
P/OCF Ratio7.74

Enterprise Valuation

On an enterprise value basis, Churchill Downs Incorporated trades at an EV/EBITDA multiple of 11.32 and an EV/FCF ratio of 10.80. The EV/Sales ratio of 3.77 reflects the premium investors are willing to pay for the company's revenue stream, while the EV/EBIT multiple of 14.91 provides insight into valuation relative to core operating earnings.

EV / Sales3.77
EV / EBITDA11.32
EV / EBIT14.91
EV / FCF10.80

Financial Position

Churchill Downs Incorporated maintains a current ratio of 0.54, meaning it holds 0.5x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 431.47, indicating elevated leverage, while an interest coverage ratio of 3.30 demonstrates adequate ability to service its debt obligations.

Current Ratio0.54
Quick Ratio0.36
Debt / Equity431.47
Debt / EBITDA5.03
Interest Coverage3.30

Financial Efficiency

Churchill Downs Incorporated posts a return on equity of 35.89 and a return on invested capital of 8.80.

Return on Equity (ROE)35.89
Return on Assets (ROA)5.25
Return on Invested Capital (ROIC)8.80
Return on Capital Employed (ROCE)9.93
Revenue Per EmployeeN/A
Employee CountN/A
Inventory Turnover172.58

Taxes

Over the trailing twelve months, Churchill Downs Incorporated has paid 158.20M in income taxes, reflecting an effective tax rate of 28.79.

Income Tax158.20M
Effective Tax Rate28.79

Stock Price Statistics

Churchill Downs Incorporated's stock has declined approximately -10.398% over the past 52 weeks. The 50-day moving average sits at 89.93, while the 200-day moving average is 97.59.

Beta (5Y)N/A
52-Week Price Change-10.398%
50-Day Moving Average89.93
200-Day Moving Average97.59
Average Volume (20 Days)N/A

Income Statement

Over the trailing twelve months, Churchill Downs Incorporated generated 2.95B in revenue and converted that into 389.30M in net income, yielding earnings per share of 5.52. EBITDA reached 981.90M, while operating income came in at 745.40M.

Revenue2.95B
Gross Profit996.10M
Operating Income745.40M
Pretax Income549.50M
Net Income389.30M
EBITDA981.90M
EBIT745.40M
Earnings Per Share (EPS)5.52

Balance Sheet

Churchill Downs Incorporated holds 200.00M in cash and equivalents against 4.94B in total debt, resulting in a net debt position of 4.73B. Total book value stands at 1.10B, with working capital of -384.00M providing operational flexibility.

Cash & Cash Equivalents200.00M
Total Debt4.94B
Net Debt4.73B
Equity (Book Value)1.10B
Book Value Per Share15.56
Working Capital-384.00M

Cash Flow

Churchill Downs Incorporated produced 817.80M in operating cash flow over the past twelve months.

Operating Cash Flow817.80M
Capital ExpendituresN/A
Free Cash Flow817.80M
FCF Per Share11.60

Margins

Churchill Downs Incorporated operates with a gross margin of 33.81, reflecting its pricing power and cost economics. The operating margin of 25.30 and net profit margin of 13.21 provide insight into operational efficiency.

Gross Margin33.81
Operating Margin25.30
Pretax Margin18.65
Profit Margin13.21
EBITDA Margin33.33

Dividends & Yields

The company's payout ratio of 7.83 indicates the proportion of earnings distributed to shareholders.

Dividend Per Share0.44
Dividend YieldN/A
Payout Ratio7.83
Shareholder Yield5.47
FCF Yield12.84

Stock Splits

Churchill Downs Incorporated's most recent stock split took place on May 22, 2023 with a 1:2 split ratio.

Last Split Date5/22/2023
Split Ratio1:2

Scores

Churchill Downs Incorporated posts an Altman Z-Score of 2.19, near the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score2.19