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Upturn AI SWOT - About
CHDN 
Churchill Downs Incorporated (CHDN)
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Upturn Advisory Summary
10/15/2025: CHDN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
11 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $137.45
1 Year Target Price $137.45
| 8 | Strong Buy |
| 3 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 5.93% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/15/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.20B USD | Price to earnings Ratio 15.19 | 1Y Target Price 137.45 |
Price to earnings Ratio 15.19 | 1Y Target Price 137.45 | ||
Volume (30-day avg) 11 | Beta 0.83 | 52 Weeks Range 85.58 - 149.77 | Updated Date 10/15/2025 |
52 Weeks Range 85.58 - 149.77 | Updated Date 10/15/2025 | ||
Dividends yield (FY) 0.46% | Basic EPS (TTM) 5.82 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-22 | When - | Estimate 1.01 | Actual - |
Profitability
Profit Margin 15.22% | Operating Margin (TTM) 35.45% |
Management Effectiveness
Return on Assets (TTM) 6.07% | Return on Equity (TTM) 41.05% |
Valuation
Trailing PE 15.19 | Forward PE - | Enterprise Value 11565036726 | Price to Sales(TTM) 2.19 |
Enterprise Value 11565036726 | Price to Sales(TTM) 2.19 | ||
Enterprise Value to Revenue 4.09 | Enterprise Value to EBITDA 10.67 | Shares Outstanding 70124315 | Shares Floating 66349523 |
Shares Outstanding 70124315 | Shares Floating 66349523 | ||
Percent Insiders 5.86 | Percent Institutions 80.97 |
Upturn AI SWOT
Churchill Downs Incorporated
Company Overview
History and Background
Churchill Downs Incorporated was founded in 1875, primarily known for the Kentucky Derby. It has evolved from a single racetrack to a diversified gaming, racing, and entertainment company.
Core Business Areas
- Churchill Downs Racetrack: Home of the Kentucky Derby and Kentucky Oaks, generating revenue through ticket sales, concessions, wagering, and media rights.
- Gaming: Operates casinos and video lottery terminals (VLTs) across multiple states, generating revenue through gaming activities.
- TwinSpires: Online wagering platform for horse racing and sports betting. Generates revenue from online wagering commissions.
- United Tote Company: A leading provider of totalisator systems, equipment, and services for pari-mutuel wagering worldwide. Generates revenues through equipment sales and service contracts.
Leadership and Structure
The company is led by its CEO, Bill Carstanjen. It has a traditional corporate structure with various departments overseeing different business segments.
Top Products and Market Share
Key Offerings
- Kentucky Derby: Flagship horse racing event. Generates significant revenue through ticket sales, sponsorships, and media rights. Competitors are other major horse racing events and entertainment options. Precise market share is difficult to quantify, but it is the most prominent event in US horse racing.
- TwinSpires: Online wagering platform. Competitors include FanDuel Racing, DraftKings, and other online sportsbooks. Market share varies by state, but TwinSpires holds a significant portion of the US online horse racing market and is growing in sports betting where legal.
- Casino Gaming: Generates revenue through various casino games, including slots, table games, and poker. Competitors include other casino operators like Penn Entertainment, Caesars Entertainment, and Boyd Gaming. The revenue from this segment varies by location and number of properties.
Market Dynamics
Industry Overview
The gaming and racing industry is evolving, with increasing online wagering and sports betting opportunities. Competition is high, with operators vying for market share and regulatory approval in new jurisdictions.
Positioning
Churchill Downs Incorporated is a leading player in the US gaming and racing industry, with a strong brand and diversified revenue streams. Its competitive advantage lies in its iconic Kentucky Derby brand and expanding online presence.
Total Addressable Market (TAM)
The TAM for US sports betting and iGaming is projected to reach $100+ billion. Churchill Downs Incorporated is well-positioned to capture a portion of this TAM through TwinSpires and its casino operations.
Upturn SWOT Analysis
Strengths
- Strong Brand Recognition (Kentucky Derby)
- Diversified Revenue Streams (Gaming, Racing, Online)
- Experienced Management Team
- Expanding Online Presence (TwinSpires)
- Geographically Diverse Portfolio of Gaming Properties
Weaknesses
- Dependence on Regulatory Approvals
- Exposure to Economic Downturns
- Competitive Online Wagering Landscape
- Seasonality of Horse Racing Business
Opportunities
- Expansion of Online Sports Betting and iGaming
- Acquisition of New Gaming Properties
- Development of New Entertainment Offerings
- Leveraging Brand Recognition for New Ventures
- Partnerships with other Media Conglomerates.
Threats
- Increased Competition in Gaming and Online Wagering
- Changing Consumer Preferences
- Economic Recession
- Regulatory Changes and Restrictions
- Increased Taxation
Competitors and Market Share
Key Competitors
- PENN
- BYD
- CZR
- DKNG
- PDYPY
Competitive Landscape
Churchill Downs Incorporated faces competition from other large gaming operators and online wagering platforms. Its advantage lies in its brand recognition and diversified revenue streams. It needs to continually innovate to compete with other players.
Major Acquisitions
Peninsula Pacific Entertainment (P2E)
- Year: 2022
- Acquisition Price (USD millions): 2485
- Strategic Rationale: Expanded presence in Virginia and New York gaming markets.
Growth Trajectory and Initiatives
Historical Growth: Churchill Downs Incorporated has grown through acquisitions and organic growth in its gaming and online wagering segments.
Future Projections: Analyst estimates suggest continued growth in revenue and earnings, driven by the expansion of online sports betting and casino operations. It is difficult to provide direct quotes of future projections.
Recent Initiatives: Recent strategic initiatives include acquiring new casinos, expanding online sports betting offerings, and investing in infrastructure improvements at its racetracks.
Summary
Churchill Downs Incorporated is a solid gaming and entertainment company with a well-known brand and diversified revenue streams. It's benefiting from the expansion of online betting. The company must navigate competition and regulatory hurdles. They also face risks in an uncertain economic landscape.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Industry Reports
- Analyst Estimates
- Company Press Releases
- Market Research Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market data can fluctuate and may not be current. All estimates have risks due to unknown changes.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Churchill Downs Incorporated
Exchange NASDAQ | Headquaters Louisville, KY, United States | ||
IPO Launch date 1993-03-29 | CEO & Director Mr. William C. Carstanjen | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 6480 | |
Full time employees 6480 | |||
Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, as well as provides totalizator services; and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
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