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Upturn AI SWOT - About
CHDN 
Churchill Downs Incorporated (CHDN)
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Upturn Advisory Summary
07/03/2025: CHDN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 $132.59
1 Year Target Price $132.59
| 8 | Strong Buy |
| 3 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 9.17% | Avg. Invested days 37 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 07/03/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.61B USD | Price to earnings Ratio 18.74 | 1Y Target Price 132.59 |
Price to earnings Ratio 18.74 | 1Y Target Price 132.59 | ||
Volume (30-day avg) 11 | Beta 0.94 | 52 Weeks Range 85.58 - 149.77 | Updated Date 07/4/2025 |
52 Weeks Range 85.58 - 149.77 | Updated Date 07/4/2025 | ||
Dividends yield (FY) 0.41% | Basic EPS (TTM) 5.62 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.19% | Operating Margin (TTM) 21.01% |
Management Effectiveness
Return on Assets (TTM) 6.12% | Return on Equity (TTM) 44.37% |
Valuation
Trailing PE 18.74 | Forward PE - | Enterprise Value 12292159209 | Price to Sales(TTM) 2.73 |
Enterprise Value 12292159209 | Price to Sales(TTM) 2.73 | ||
Enterprise Value to Revenue 4.41 | Enterprise Value to EBITDA 11.42 | Shares Outstanding 72232096 | Shares Floating 65220533 |
Shares Outstanding 72232096 | Shares Floating 65220533 | ||
Percent Insiders 10.16 | Percent Institutions 80.7 |
Upturn AI SWOT
Churchill Downs Incorporated
Company Overview
History and Background
Churchill Downs Incorporated was founded in 1875, originating as a racetrack. Over time, it has expanded to include casinos, online wagering, and other gaming-related businesses.
Core Business Areas
- Churchill Downs Racetrack: Home of the Kentucky Derby, generating revenue through ticket sales, wagering, and sponsorships.
- Gaming: Owns and operates casinos across multiple states, providing a variety of gaming options, including slot machines, table games, and poker.
- Online Wagering: Operates online wagering platforms like TwinSpires, allowing users to bet on horse races and other sporting events.
Leadership and Structure
Bill Carstanjen serves as the Chief Executive Officer. The company has a board of directors overseeing its operations. Its organizational structure comprises distinct divisions responsible for racetrack operations, gaming, and online wagering.
Top Products and Market Share
Key Offerings
- Kentucky Derby: The Kentucky Derby is its flagship event, drawing large crowds and generating significant revenue. The Kentucky Derby's revenue accounts for approximately 15% of CDI's total revenue annually. Competitors are other major horse races, such as the Preakness Stakes and the Belmont Stakes.
- Gaming Operations (Casinos): CDI's casinos offer a variety of games, contributing substantially to overall revenue. Market share varies by region, but CDI aims to be a leading operator in its chosen markets. Competitors: Penn Entertainment (PENN), Boyd Gaming (BYD).
- TwinSpires: TwinSpires is CDI's online wagering platform. Competitors include DraftKings and FanDuel, each vying for dominance in the growing online sports betting market.
Market Dynamics
Industry Overview
The gaming and entertainment industry is competitive and subject to regulatory changes. Growth is driven by factors such as consumer spending, technological advancements (online gaming), and favorable regulatory environments.
Positioning
Churchill Downs Incorporated is a leading player in the horse racing and gaming industries, with a strong brand presence and diversified revenue streams. Its competitive advantage lies in its iconic Kentucky Derby event and expanding presence in gaming and online wagering.
Total Addressable Market (TAM)
The global gaming market is estimated at hundreds of billions of dollars. CDI is positioned to capture a portion of this TAM through its diverse offerings and strategic expansion.
Upturn SWOT Analysis
Strengths
- Strong brand recognition (Kentucky Derby)
- Diversified revenue streams
- Established presence in gaming
- Growing online wagering platform
- Experienced management team
Weaknesses
- Dependence on horse racing seasonality
- Regulatory risks
- High capital expenditure requirements
- Competition in online wagering
- Exposure to economic cycles
Opportunities
- Expansion into new gaming markets
- Growth of online wagering and sports betting
- Strategic acquisitions
- Development of new gaming technologies
- Partnerships with sports leagues and teams
Threats
- Increased competition
- Changes in gaming regulations
- Economic downturns
- Technological disruptions
- Public health crises
Competitors and Market Share
Key Competitors
- PENN
- BYD
- DKNG
- PDYPF
Competitive Landscape
CDI's advantages include its brand recognition, diversified revenue streams, and expanding online presence. Disadvantages may include regulatory constraints and competition in specific markets.
Major Acquisitions
Peninsula Pacific Entertainment
- Year: 2022
- Acquisition Price (USD millions): 2750
- Strategic Rationale: Expansion of gaming footprint into new markets and diversification of revenue streams.
Growth Trajectory and Initiatives
Historical Growth: CDI has grown through acquisitions, organic expansion, and the development of its online wagering platform.
Future Projections: Consult analyst reports for future growth projections.
Recent Initiatives: Recent initiatives include expanding casino operations and investing in online gaming technologies.
Summary
Churchill Downs Incorporated has a strong brand through the Kentucky Derby and is diversifying into gaming and online wagering. While subject to regulatory and economic risks, its strategic expansions position it for future growth. CDI is leveraging its brand and established presence while navigating an evolving industry landscape. The company must be aware of competition and industry changes to remain competitive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Financial News Outlets
- Analyst Reports
- Industry Associations
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may not be precise. Consult with a financial professional before making any investment decisions.
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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