-1.58%
-7.46%
-11.79%
-13.92%
2.16%
17.53%
71.19%
AI Spotlight on CHDN
Company Description
Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States.It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming.As of December 31, 2021, the company owned and operated three pari-mutuel gaming entertainment venues with approximately 3,050 historical racing machines (HRMs) in Kentucky; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; nine retail sportsbooks; and casino gaming in eight states with approximately 11,000 slot machines and video lottery terminals, and 200 table games.
It also offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides the Bloodstock Research Information Services platform for horse racing statistical data.In addition, the company manufactures and operates pari-mutuel wagering systems for racetracks, off-track betting facilities, and other pari-mutuel wagering businesses.Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Market Data
| Last Price | 123.58 |
| Change Percentage | -1.58% |
| Open | 125.73 |
| Previous Close | 125.57 |
| Market Cap ( Millions) | 9083 |
| Volume | 478667 |
| Year High | 150.21 |
| Year Low | 111.1 |
| M A 50 | 133.87 |
| M A 200 | 135.9 |
Financial Ratios
| FCF Yield | 1.67% |
| Dividend Yield | 0.33% |
| ROE | 42.79% |
| Debt / Equity | 440.63% |
| Net Debt / EBIDTA | 487.76% |
| Price To Book | 8.33 |
| Price Earnings Ratio | 22.18 |
| Price To FCF | 59.91 |
| Price To sales | 3.4 |
| EV / EBITDA | 14.34 |
News
- Jan -13 - Growth Trends in the $127 Billion Horse Racing Industry, 2025-2030, Featuring Strategic Analysis of Key Players - Churchill Downs, The Stronach Group, Keeneland Association & More
- Jan -10 - Churchill Downs Incorporated 2024 Fourth Quarter and Full Year Financial Results Conference Call Invitation
- Jan -03 - Here's Why Investors Should Retain Churchill Downs Stock Now
- Dec -20 - Churchill Downs: A Solid 'Buy On The Dip' Story Poised For A Fast Rise Before The Derby (Rating Upgrade)
- Nov -28 - 14 Upcoming Dividend Increases, Including A King
- Nov -21 - 4 Stocks That Have Declared Dividend Hikes Amid Market Volatility
- Nov -15 - The Zacks Analyst Blog Snap-on, Griffon, Churchill Downs and Roper Technologies
- Nov -07 - Churchill Downs Incorporated Opens The Rose Gaming Resort in Northern Virginia
- Oct -24 - Churchill Downs Incorporated (CHDN) Q3 2024 Earnings Call Transcript
- Oct -23 - Churchill Downs (CHDN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Oct -23 - Churchill Downs (CHDN) Q3 Earnings Beat Estimates
- Oct -23 - Churchill Downs Incorporated Announces New HRM Entertainment Venue in Calvert City, Kentucky
- Oct -23 - Churchill Downs Incorporated Reports 2024 Third Quarter Results
- Oct -21 - Churchill Downs (CHDN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
- Oct -14 - 6 Top Stocks For Gaming, Casinos, Sports Betting: Analyst Says This Company's Estimates Will 'Prove Conservative'
- Oct -07 - Here's Why Investors Should Retain Churchill Downs Stock Now
- Sep -20 - Churchill Downs Incorporated 2024 Third Quarter Financial Results Conference Call Invitation
- Sep -03 - Churchill Downs: Still Under The Radar, Still An Excellent Business
- Aug -12 - Churchill Downs Analyst Bullish About Kentucky Derby, New Virginia Gaming Resort: 'Sustainable Double-Digit Growth'
- Jul -25 - Churchill Downs Incorporated (CHDN) Q2 2024 Earnings Call Transcript
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Live and Historical Racing
Expected Growth : 8 %
What the company do ?
Live and Historical Racing from Churchill Downs Incorporated offers real-time and archived horse racing content, including live races, replays, and results from the iconic Churchill Downs racetrack.
Why we expect these perspectives ?
Churchill Downs Incorporated's Live and Historical Racing segment growth is driven by increasing popularity of horse racing, strategic acquisitions, and expansion of online wagering platforms. Additionally, the company's focus on improving customer experience, enhancing racing products, and investing in technology infrastructure have contributed to the 8% growth.
Segment n°2 -> Gaming
Expected Growth : 10 %
What the company do ?
Gaming from Churchill Downs Incorporated refers to the company's online gaming and sports betting operations, offering horse racing wagering, casino games, and sports betting.
Why we expect these perspectives ?
Churchill Downs Incorporated's 10% growth in Gaming is driven by increasing popularity of online gaming, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on improving customer experience, investing in digital infrastructure, and leveraging data analytics to enhance marketing efforts have contributed to the growth.
Segment n°3 -> Twin Spires
Expected Growth : 7 %
What the company do ?
The Twin Spires are the iconic twin spires of Churchill Downs, a historic racetrack in Louisville, Kentucky, home of the Kentucky Derby.
Why we expect these perspectives ?
Twin Spires' 7% growth is driven by increasing online wagering, strategic marketing efforts, and expansion into new jurisdictions. Additionally, the rise of mobile betting, improved user experience, and growing popularity of horse racing contribute to the segment's growth.
Segment n°4 -> All Other
Expected Growth : 6 %
What the company do ?
All Other from Churchill Downs Incorporated refers to the remaining business segments, excluding Derby City Gaming, TwinSpires, and Churchill Downs Racetrack.
Why we expect these perspectives ?
Churchill Downs Incorporated's 'All Other' segment growth is driven by increasing demand for its online wagering platform, TwinSpires, and its casino gaming operations. The company's strategic acquisitions, such as the purchase of Presque Isle Downs & Casino, have also contributed to growth. Additionally, the expansion of sports betting and iGaming in the US has created new opportunities for the company.
Churchill Downs Incorporated Products
| Product Range | What is it ? |
|---|---|
| Racing | Churchill Downs Incorporated operates horse racing tracks, including the iconic Churchill Downs Racetrack, home of the Kentucky Derby. |
| Gaming | The company operates casinos and gaming facilities, offering a range of games, including slots, table games, and poker. |
| Online Wagering | Churchill Downs Incorporated offers online wagering platforms, allowing customers to bet on horse racing and sports from the comfort of their own homes. |
| Sports Betting | The company offers sports betting services, allowing customers to place bets on various sports and events. |
| Casino Operations | Churchill Downs Incorporated operates casinos, offering a range of gaming options, dining, and entertainment. |
| Racing and Sports Technology | The company provides technology solutions for the horse racing and sports industries, including tote systems and sports betting platforms. |
Churchill Downs Incorporated's Porter Forces
Threat Of Substitutes
Churchill Downs Incorporated has a low threat of substitutes due to the unique experience offered by its horse racing and gaming operations.
Bargaining Power Of Customers
Churchill Downs Incorporated has a medium bargaining power of customers due to the presence of multiple competitors in the gaming and entertainment industry.
Bargaining Power Of Suppliers
Churchill Downs Incorporated has a low bargaining power of suppliers due to its strong relationships with vendors and suppliers in the industry.
Threat Of New Entrants
Churchill Downs Incorporated has a high threat of new entrants due to the growing popularity of online gaming and sports betting, which may attract new competitors.
Intensity Of Rivalry
Churchill Downs Incorporated operates in a highly competitive industry with intense rivalry among existing players, which may impact its market share and revenue.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 84.40% |
| Debt Cost | 7.47% |
| Equity Weight | 15.60% |
| Equity Cost | 8.88% |
| WACC | 7.69% |
| Leverage | 541.22% |
Churchill Downs Incorporated : Quality Control
Churchill Downs Incorporated passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| VAC | Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The … |
| BYD | Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of … |
| MTN | Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment … |
| WYNN | Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, … |
| MGM | MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Boyd Gaming
A-Score
1-Year Total Return ->
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Marriott Vacations Worldwide
A-Score
1-Year Total Return ->
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Vail Resorts
A-Score
1-Year Total Return ->
4
Churchill Downs
A-Score
1-Year Total Return ->
5
Wynn Resorts
A-Score
1-Year Total Return ->
6
