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81 (1y: +36%)
Market Cap 1.45 B P/E(ttm) 24.60
Enterprise Value 1.61 B P/B 2.20
CHDN- NAS (USA)
Churchill Downs Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$81.00
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 0.172
CHDN's Cash to Debt is ranked lower than
57% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 1.78 vs. CHDN: 0.172 )
CHDN' s 10-Year Cash to Debt Range
Min: 0.07   Max: 1.55
Current: 0.17
0.07
1.55
Equity to Asset 0.225
CHDN's Equity to Asset is ranked lower than
61% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 0.46 vs. CHDN: 0.225 )
CHDN' s 10-Year Equity to Asset Range
Min: 0.18   Max: 0.51
Current: 0.23
0.18
0.51
Interest Coverage 21.8
CHDN's Interest Coverage is ranked lower than
54% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 33.40 vs. CHDN: 21.8 )
CHDN' s 10-Year Interest Coverage Range
Min: 3   Max: 49
Current: 21.8
3
49
F-Score: 7
Z-Score: 3.12
M-Score: -2.78
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 13.20
CHDN's Operating margin (%) is ranked lower than
59% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 8.60 vs. CHDN: 13.20 )
CHDN' s 10-Year Operating margin (%) Range
Min: 5.1   Max: 13.2
Current: 13.2
5.1
13.2
Net-margin (%) 8
CHDN's Net-margin (%) is ranked higher than
51% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 4.30 vs. CHDN: 8 )
CHDN' s 10-Year Net-margin (%) Range
Min: 2   Max: 19.3
Current: 8
2
19.3
ROE (%) 9
CHDN's ROE (%) is ranked lower than
51% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 5.20 vs. CHDN: 9 )
CHDN' s 10-Year ROE (%) Range
Min: 3.2   Max: 25
Current: 9
3.2
25
ROA (%) 5.2
CHDN's ROA (%) is ranked higher than
50% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 3.20 vs. CHDN: 5.2 )
CHDN' s 10-Year ROA (%) Range
Min: 1.4   Max: 15.3
Current: 5.2
1.4
15.3
ROC (Joel Greenblatt) (%) 20.90
CHDN's ROC (Joel Greenblatt) (%) is ranked higher than
51% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 12.00 vs. CHDN: 20.90 )
CHDN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 6.7   Max: 20.9
Current: 20.9
6.7
20.9
Revenue Growth (%) 7.6
CHDN's Revenue Growth (%) is ranked higher than
90% of the 343 Companies
in the Global Gambling industry.

( Industry Median: -0.45 vs. CHDN: 7.6 )
CHDN' s 10-Year Revenue Growth (%) Range
Min: -4   Max: 7.6
Current: 7.6
-4
7.6
EBITDA Growth (%) 17.1
CHDN's EBITDA Growth (%) is ranked higher than
90% of the 343 Companies
in the Global Gambling industry.

( Industry Median: -0.60 vs. CHDN: 17.1 )
CHDN' s 10-Year EBITDA Growth (%) Range
Min: -8.8   Max: 17.1
Current: 17.1
-8.8
17.1
EPS Growth (%) 28.9
CHDN's EPS Growth (%) is ranked higher than
89% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 4.10 vs. CHDN: 28.9 )
CHDN' s 10-Year EPS Growth (%) Range
Min: -23.1   Max: 39
Current: 28.9
-23.1
39
ยป CHDN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

CHDN Guru Trades in Q2 2012

Paul Tudor Jones 13,100 sh (New)
George Soros 411,912 sh (+34.8%)
Jim Simons 53,494 sh (+8.14%)
Mario Gabelli 694,978 sh (+6.06%)
Tom Russo 100 sh (unchged)
Steven Cohen Sold Out
» More
Q3 2012

CHDN Guru Trades in Q3 2012

Chuck Royce 5,100 sh (New)
Joel Greenblatt 37,544 sh (New)
Mario Gabelli 821,238 sh (+18.17%)
George Soros 429,712 sh (+4.32%)
Jim Simons 53,894 sh (+0.75%)
Tom Russo 100 sh (unchged)
Paul Tudor Jones 3,400 sh (-74.05%)
» More
Q4 2012

CHDN Guru Trades in Q4 2012

Chuck Royce 16,800 sh (+229.41%)
Paul Tudor Jones 4,500 sh (+32.35%)
George Soros 549,943 sh (+27.98%)
Joel Greenblatt 45,060 sh (+20.02%)
Mario Gabelli 846,638 sh (+3.09%)
Tom Russo 100 sh (unchged)
Jim Simons 48,994 sh (-9.09%)
» More
Q1 2013

CHDN Guru Trades in Q1 2013

Chuck Royce 105,595 sh (+528.54%)
Jim Simons 73,175 sh (+49.36%)
Mario Gabelli 910,745 sh (+7.57%)
George Soros 549,943 sh (unchged)
Tom Russo 100 sh (unchged)
Paul Tudor Jones 4,400 sh (-2.22%)
Joel Greenblatt 5,530 sh (-87.73%)
» More
» Details

Insider Trades

Latest Guru Trades with CHDN

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Reduce -87.73%0.15%$64.02 - $70.27 $ 8121%5530
George Soros 2012-12-31 Add 27.98%0.1%$56.86 - $66.54 $ 8129%549943
Joel Greenblatt 2012-12-31 Add 20.02%0.03%$56.86 - $66.54 $ 8129%45060
Joel Greenblatt 2012-09-30 New Buy0.16%$54.84 - $63.23 $ 8139%37544
George Soros 2012-06-30 Add 34.8%0.09%$56.07 - $62.79 $ 8137%411912
George Soros 2012-03-31 Add 69.23%0.1%$49.91 - $59.32 $ 8160%305576
George Soros 2011-12-31 New Buy0.41%$37.72 - $52.13 $ 8177%180564
Mario Gabelli 2011-03-31 Reduce -25.82%0.06%$38.97 - $44.41 $ 8194%594820
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 24.60
CHDN's P/E(ttm) is ranked higher than
78% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 22.88 vs. CHDN: 24.60 )
CHDN' s 10-Year P/E(ttm) Range
Min: 5.34   Max: 245.26
Current: 24.6
5.34
245.26
P/B 2.20
CHDN's P/B is ranked lower than
52% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 1.58 vs. CHDN: 2.20 )
CHDN' s 10-Year P/B Range
Min: 0.82   Max: 2.65
Current: 2.2
0.82
2.65
P/S 1.92
CHDN's P/S is ranked lower than
56% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 1.18 vs. CHDN: 1.92 )
CHDN' s 10-Year P/S Range
Min: 0.68   Max: 2.01
Current: 1.92
0.68
2.01
PFCF 16.20
CHDN's PFCF is ranked higher than
72% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 17.69 vs. CHDN: 16.20 )
CHDN' s 10-Year PFCF Range
Min: 5.58   Max: 132.42
Current: 16.2
5.58
132.42
EV-to-EBIT 16.7
CHDN's EV-to-EBIT is ranked higher than
85% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 17.60 vs. CHDN: 16.7 )
CHDN' s 10-Year EV-to-EBIT Range
Min: 8.2   Max: 45.2
Current: 16.7
8.2
45.2
PEG 1.7
CHDN's PEG is ranked higher than
98% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 2.46 vs. CHDN: 1.7 )
CHDN' s 10-Year PEG Range
Min: 0.48   Max: 24.86
Current: 1.7
0.48
24.86
Shiller P/E 35.1
CHDN's Shiller P/E is ranked higher than
88% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 16.66 vs. CHDN: 35.1 )
CHDN' s 10-Year Shiller P/E Range
Min: 9.49   Max: 35.18
Current: 35.1
9.49
35.18

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 0.89
CHDN's Dividend Yield is ranked higher than
61% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 1.78 vs. CHDN: 0.89 )
CHDN' s 10-Year Dividend Yield Range
Min: 0.88   Max: 2.33
Current: 0.89
0.88
2.33
Dividend Payout 0.2182
CHDN's Dividend Payout is ranked higher than
69% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 0.57 vs. CHDN: 0.2182 )
CHDN' s 10-Year Dividend Payout Range
Min: 0.09   Max: 0.74
Current: 0.22
0.09
0.74
Dividend growth (3y) 9.5
CHDN's Dividend growth (3y) is ranked higher than
97% of the 343 Companies
in the Global Gambling industry.

( Industry Median: -12.00 vs. CHDN: 9.5 )
CHDN' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 9.5
Current: 9.5
0
9.5
Yield on cost (5-Year) 1.42
CHDN's Yield on cost (5-Year) is ranked higher than
66% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 1.73 vs. CHDN: 1.42 )
CHDN' s 10-Year Yield on cost (5-Year) Range
Min: 1.39   Max: 3.67
Current: 1.42
1.39
3.67
Share Buyback Rate -5.6
CHDN's Share Buyback Rate is ranked higher than
63% of the 343 Companies
in the Global Gambling industry.

( Industry Median: -0.40 vs. CHDN: -5.6 )
CHDN' s 10-Year Share Buyback Rate Range
Min: -0.3   Max: -11.3
Current: -5.6

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 112.5
CHDN's Price/Net Current Asset Value is ranked higher than
96% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 17.10 vs. CHDN: 112.5 )
CHDN' s 10-Year Price/Net Current Asset Value Range
Min: 20.8   Max: 331.3
Current: 112.5
20.8
331.3
Price/Tangible Book 5.7
CHDN's Price/Tangible Book is ranked higher than
83% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 2.00 vs. CHDN: 5.7 )
CHDN' s 10-Year Price/Tangible Book Range
Min: 2   Max: 4.6
Current: 5.7
2
4.6
Price/DCF (Projected) 1.4
CHDN's Price/DCF (Projected) is ranked higher than
85% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 1.10 vs. CHDN: 1.4 )
CHDN' s 10-Year Price/DCF (Projected) Range
Min: 1.1   Max: 3
Current: 1.4
1.1
3
Price/Median PS Value 1.7
CHDN's Price/Median PS Value is ranked higher than
92% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 0.90 vs. CHDN: 1.7 )
CHDN' s 10-Year Price/Median PS Value Range
Min: 0.8   Max: 1.6
Current: 1.7
0.8
1.6
Price/Peter Lynch Fair Value 1.7
CHDN's Price/Peter Lynch Fair Value is ranked higher than
97% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 1.45 vs. CHDN: 1.7 )
CHDN' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.7   Max: 3.4
Current: 1.7
0.7
3.4
Price/Graham Number 2.5
CHDN's Price/Graham Number is ranked higher than
92% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 1.40 vs. CHDN: 2.5 )
CHDN' s 10-Year Price/Graham Number Range
Min: 1.3   Max: 3.3
Current: 2.5
1.3
3.3
Earnings Yield (Greenblatt) 6.00
CHDN's Earnings Yield (Greenblatt) is ranked higher than
92% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 5.60 vs. CHDN: 6.00 )
CHDN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.2   Max: 12.3
Current: 6
2.2
12.3
Forward Rate of Return (Yacktman) 17.41
CHDN's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 343 Companies
in the Global Gambling industry.

( Industry Median: 3.26 vs. CHDN: 17.41 )
CHDN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15.5   Max: 18.8
Current: 17.41
-15.5
18.8

Business Description

Churchill Downs Incorporated was organized as a Kentucky corporation in 1928. It is a diversified provider of pari-mutuel horse racing content and technology for consumers and businesses through multiple platforms. It offers gaming products through its casino in Mississippi, its slot and video poker operations in Louisiana and its slot operations in Florida. It manages its operations through four operating segments: Racing Operations; Online Business; Gaming; and Other Investments. Racing Operations includes: Churchill Downs Racetrack- an internationally known thoroughbred racing operation; Arlington Park Racecourse- a thoroughbred racing operation in Arlington Heights along with ten off-track betting facilities; Calder Race Course- a thoroughbred racing operation in Miami Gardens; and Fair Grounds Race Course- a thoroughbred racing operation in New Orleans along with eleven OTBs in Louisiana. Online Business includes: TwinSpires - TwinSpires, an Advance Deposit Wagering (ADW) business that is licensed as a multi-jurisdictional simulcasting and interactive wagering hub in the state of Oregon; Youbet.com, LLC (Youbet), an ADW business acquired by the Company on June 2, 2010 On November 16, 2010, the Youbet customer wagering platform was integrated into the TwinSpire's platform; Fair Grounds Account Wagering (FAW), an ADW business that is licensed in the state of Louisiana; Bloodstock Research Information Services (BRIS), a data service provider for the equine industry; and The Company's equity investment in HRTV, LLC (HRTV), a horseracing television channel. Gaming includes: Harlow's Casino Resort & Hotel (Harlow's) in Greenville, Mississippi, a casino and hotel acquired by the Company on December 16, 2010, which operates approximately 900 slot machines, 21 table games and a poker room, a five story, 105-room attached hotel, a 2,600-seat entertainment center, and dining facilities; Calder Casino, a slot facility in Florida adjacent to Calder, which opened on January 22, 2010, with approximately 1,200 slot machines and which includes a poker room operation branded 'Studz Poker Club'; Fair Grounds Slots, a slot facility in Louisiana adjacent to Fair Grounds, which operates over 600 slot machines; and Video Services, LLC (VSI), the owner and operator of more than 800 video poker machines in Louisiana. Other Investments includes: United Tote Company and United Tote Canada (United Tote), which manufactures and operates pari-mutuel wagering systems for North American racetracks, OTBs and other pari-mutuel wagering businesses; Churchill Downs Simulcast Productions, LLC (CDSP), a provider of television production to the racing industry; and its other minor investments.
Company Website
SEC Reports
Industry: Gambling
Compare:WIMHY, LTOMF, PDYPF, LDBKF, PYTCY
ยป More Articles for CHDN

Headlines

Articles On GuruFocus.com
My 3 Best Dividend Picks from a Selection of 23 Stocks with Recent Dividend Growth Nov 25 2012 
Guru Stocks Raising Dividends: JJSF, CHDN, GG, GGG, AET Dec 12 2011 
Churchill Downs Inc. Reports Operating Results (10-Q) Nov 03 2010 
Churchill Downs Inc. Reports Operating Results (10-Q) Aug 04 2010 
Churchill Downs Inc. Reports Operating Results (10-Q) May 05 2010 
Churchill Downs Inc. Reports Operating Results (10-Q) Oct 28 2009 
Churchill Downs Inc. Reports Operating Results (10-Q) Jul 29 2009 
Weekly Top Insider Buys: Wachovia Corp., Crusader Energy Group Inc., Churchill Downs Inc., Edison In Sep 22 2008 
Weekly Top Insider Buys: Federated Investors Inc., HewlettPackard Company, Clearwire Corp., Churchil Sep 09 2008 

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