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CHDN logo CHDN
Upturn stock ratingUpturn stock rating
CHDN logo

Churchill Downs Incorporated (CHDN)

Upturn stock ratingUpturn stock rating
$95.84
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Advisory Summary

06/13/2025: CHDN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

11 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $132.62

1 Year Target Price $132.62

Analysts Price Target For last 52 week
$132.62Target price
Low$85.58
Current$95.84
high$149.77

Analysis of Past Performance

Type Stock
Historic Profit 4.66%
Avg. Invested days 45
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/13/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 7.29B USD
Price to earnings Ratio 17.96
1Y Target Price 132.62
Price to earnings Ratio 17.96
1Y Target Price 132.62
Volume (30-day avg) 11
Beta 0.94
52 Weeks Range 85.58 - 149.77
Updated Date 06/30/2025
52 Weeks Range 85.58 - 149.77
Updated Date 06/30/2025
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 17.96
Forward PE -
Enterprise Value 12003230797
Price to Sales(TTM) 2.62
Enterprise Value 12003230797
Price to Sales(TTM) 2.62
Enterprise Value to Revenue 4.31
Enterprise Value to EBITDA 11.15
Shares Outstanding 72232096
Shares Floating 65220533
Shares Outstanding 72232096
Shares Floating 65220533
Percent Insiders 10.16
Percent Institutions 80.73

Analyst Ratings

Rating 4
Target Price 132.62
Buy 3
Strong Buy 8
Buy 3
Strong Buy 8
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Churchill Downs Incorporated

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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.