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GuruFocus Financial Strength Rank measures how strong a company’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 0.13
CHDN's Cash to Debt is ranked higher than
50% of the 839 Companies
in the Global Gambling industry.

( Industry Median: 1.04 vs. CHDN: 0.13 )
CHDN' s 10-Year Cash to Debt Range
Min: 0.05   Max: No Debt
Current: 0.13

Equity to Asset 0.52
CHDN's Equity to Asset is ranked higher than
69% of the 824 Companies
in the Global Gambling industry.

( Industry Median: 0.52 vs. CHDN: 0.52 )
CHDN' s 10-Year Equity to Asset Range
Min: 0.31   Max: 0.7
Current: 0.52

0.31
0.7
Interest Coverage 14.46
CHDN's Interest Coverage is ranked higher than
69% of the 520 Companies
in the Global Gambling industry.

( Industry Median: 15.51 vs. CHDN: 14.46 )
CHDN' s 10-Year Interest Coverage Range
Min: 3.14   Max: 48
Current: 14.46

3.14
48
F-Score: 5
Z-Score: 2.57
M-Score: -2.46
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 (%) 11.56
CHDN's Operating margin (%) is ranked higher than
79% of the 810 Companies
in the Global Gambling industry.

( Industry Median: 8.72 vs. CHDN: 11.56 )
CHDN' s 10-Year Operating margin (%) Range
Min: 5.39   Max: 13.2
Current: 11.56

5.39
13.2
Net-margin (%) 7.04
CHDN's Net-margin (%) is ranked higher than
77% of the 810 Companies
in the Global Gambling industry.

( Industry Median: 5.73 vs. CHDN: 7.04 )
CHDN' s 10-Year Net-margin (%) Range
Min: 2.79   Max: 22.14
Current: 7.04

2.79
22.14
ROE (%) 7.79
CHDN's ROE (%) is ranked higher than
75% of the 773 Companies
in the Global Gambling industry.

( Industry Median: 7.31 vs. CHDN: 7.79 )
CHDN' s 10-Year ROE (%) Range
Min: 3.23   Max: 24.95
Current: 7.79

3.23
24.95
ROA (%) 4.06
CHDN's ROA (%) is ranked higher than
75% of the 815 Companies
in the Global Gambling industry.

( Industry Median: 3.52 vs. CHDN: 4.06 )
CHDN' s 10-Year ROA (%) Range
Min: 1.39   Max: 15.24
Current: 4.06

1.39
15.24
ROC (Joel Greenblatt) (%) 15.39
CHDN's ROC (Joel Greenblatt) (%) is ranked higher than
75% of the 815 Companies
in the Global Gambling industry.

( Industry Median: 14.16 vs. CHDN: 15.39 )
CHDN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 6.22   Max: 22.78
Current: 15.39

6.22
22.78
Revenue Growth (%) 5.20
CHDN's Revenue Growth (%) is ranked higher than
76% of the 706 Companies
in the Global Gambling industry.

( Industry Median: 4.60 vs. CHDN: 5.20 )
CHDN' s 10-Year Revenue Growth (%) Range
Min: -13.3   Max: 27.1
Current: 5.2

-13.3
27.1
EBITDA Growth (%) 18.50
CHDN's EBITDA Growth (%) is ranked higher than
86% of the 602 Companies
in the Global Gambling industry.

( Industry Median: 6.30 vs. CHDN: 18.50 )
CHDN' s 10-Year EBITDA Growth (%) Range
Min: -12.7   Max: 29.8
Current: 18.5

-12.7
29.8
EPS Growth (%) 34.60
CHDN's EPS Growth (%) is ranked higher than
88% of the 518 Companies
in the Global Gambling industry.

( Industry Median: 7.10 vs. CHDN: 34.60 )
CHDN' s 10-Year EPS Growth (%) Range
Min: -17   Max: 37.9
Current: 34.6

-17
37.9
» CHDN's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2013

CHDN Guru Trades in Q2 2013

Columbia Wanger 41,540 sh (New)
Chuck Royce 176,300 sh (+66.96%)
George Soros 602,943 sh (+9.64%)
Tom Russo Sold Out
Paul Tudor Jones Sold Out
Mario Gabelli 890,145 sh (-2.26%)
Joel Greenblatt 4,989 sh (-9.78%)
Jim Simons 19,269 sh (-73.67%)
» More
Q3 2013

CHDN Guru Trades in Q3 2013

Jim Simons 29,369 sh (+52.42%)
George Soros 654,839 sh (+8.61%)
Mario Gabelli 906,120 sh (+1.79%)
Joel Greenblatt Sold Out
Columbia Wanger Sold Out
Chuck Royce 172,800 sh (-1.99%)
» More
Q4 2013

CHDN Guru Trades in Q4 2013

Ron Baron 3,250 sh (New)
George Soros 704,839 sh (+7.64%)
Mario Gabelli 915,484 sh (+1.03%)
Chuck Royce 142,100 sh (-17.77%)
Jim Simons 12,775 sh (-56.5%)
» More
Q1 2014

CHDN Guru Trades in Q1 2014

Ron Baron 3,500 sh (+7.69%)
George Soros 704,839 sh (unchged)
Jim Simons Sold Out
Mario Gabelli 900,593 sh (-1.63%)
Chuck Royce 138,500 sh (-2.53%)
» More
» Details

Insider Trades

Latest Guru Trades with CHDN

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-12-31 New Buy$82.87 - $90.08 $ 86.28-1%3250
Joel Greenblatt 2013-09-30 Sold Out 0.02%$80.01 - $88.86 $ 86.284%0
Joel Greenblatt 2013-03-31 Reduce -87.73%0.15%$64.02 - $70.27 $ 86.2829%5530
George Soros 2012-12-31 Add 27.98%0.1%$56.86 - $66.54 $ 86.2838%549943
Joel Greenblatt 2012-12-31 Add 20.02%0.03%$56.86 - $66.54 $ 86.2838%45060
Joel Greenblatt 2012-09-30 New Buy0.16%$54.84 - $63.23 $ 86.2848%37544
George Soros 2012-06-30 Add 34.8%0.09%$56.07 - $62.79 $ 86.2846%411912
George Soros 2012-03-31 Add 69.23%0.1%$49.91 - $59.32 $ 86.2870%305576
George Soros 2011-12-31 New Buy0.41%$37.72 - $52.13 $ 86.2889%180564
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 29.30
CHDN's P/E(ttm) is ranked higher than
71% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 27.50 vs. CHDN: 29.30 )
CHDN' s 10-Year P/E(ttm) Range
Min: 5.35   Max: 243.98
Current: 29.3

5.35
243.98
P/B 2.20
CHDN's P/B is ranked higher than
69% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 2.36 vs. CHDN: 2.20 )
CHDN' s 10-Year P/B Range
Min: 0.83   Max: 2.59
Current: 2.2

0.83
2.59
P/S 1.90
CHDN's P/S is ranked higher than
66% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 1.62 vs. CHDN: 1.90 )
CHDN' s 10-Year P/S Range
Min: 0.75   Max: 2.18
Current: 1.9

0.75
2.18
PFCF 16.60
CHDN's PFCF is ranked higher than
83% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 39.00 vs. CHDN: 16.60 )
CHDN' s 10-Year PFCF Range
Min: 5.59   Max: 132.42
Current: 16.6

5.59
132.42
EV-to-EBIT 21.10
CHDN's EV-to-EBIT is ranked higher than
75% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 22.81 vs. CHDN: 21.10 )
CHDN' s 10-Year EV-to-EBIT Range
Min: 8.2   Max: 33.9
Current: 21.1

8.2
33.9
PEG 1.60
CHDN's PEG is ranked higher than
89% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 9999.00 vs. CHDN: 1.60 )
CHDN' s 10-Year PEG Range
Min: 0.85   Max: 3987
Current: 1.6

0.85
3987
Shiller P/E 34.60
CHDN's Shiller P/E is ranked higher than
86% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 9999.00 vs. CHDN: 34.60 )
CHDN' s 10-Year Shiller P/E Range
Min: 9.53   Max: 38.28
Current: 34.6

9.53
38.28
Current Ratio 0.69
CHDN's Current Ratio is ranked higher than
52% of the 834 Companies
in the Global Gambling industry.

( Industry Median: 1.29 vs. CHDN: 0.69 )
CHDN' s 10-Year Current Ratio Range
Min: 0.27   Max: 2.02
Current: 0.69

0.27
2.02
Quick Ratio 0.69
CHDN's Quick Ratio is ranked higher than
56% of the 834 Companies
in the Global Gambling industry.

( Industry Median: 1.15 vs. CHDN: 0.69 )
CHDN' s 10-Year Quick Ratio Range
Min: 0.27   Max: 2.02
Current: 0.69

0.27
2.02

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.00
CHDN's Dividend Yield is ranked lower than
73% of the 560 Companies
in the Global Gambling industry.

( Industry Median: 1.87 vs. CHDN: 1.00 )
CHDN' s 10-Year Dividend Yield Range
Min: 0.88   Max: 1.67
Current: 1

0.88
1.67
Dividend Payout 0.29
CHDN's Dividend Payout is ranked higher than
68% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 9999.00 vs. CHDN: 0.29 )
CHDN' s 10-Year Dividend Payout Range
Min: 1.39   Max: 71.43
Current: 0.29

1.39
71.43
Dividend growth (3y) 20.30
CHDN's Dividend growth (3y) is ranked higher than
85% of the 344 Companies
in the Global Gambling industry.

( Industry Median: 9.70 vs. CHDN: 20.30 )
CHDN' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 26
Current: 20.3

0
26
Yield on cost (5-Year) 2.09
CHDN's Yield on cost (5-Year) is ranked higher than
52% of the 559 Companies
in the Global Gambling industry.

( Industry Median: 2.07 vs. CHDN: 2.09 )
CHDN' s 10-Year Yield on cost (5-Year) Range
Min: 1.84   Max: 3.49
Current: 2.09

1.84
3.49
Share Buyback Rate -4.60
CHDN's Share Buyback Rate is ranked higher than
62% of the 576 Companies
in the Global Gambling industry.

( Industry Median: -0.50 vs. CHDN: -4.60 )
CHDN' s 10-Year Share Buyback Rate Range
Min: 4.9   Max: -21.6
Current: -4.6

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 7.40
CHDN's Price/Tangible Book is ranked higher than
60% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 4.14 vs. CHDN: 7.40 )
CHDN' s 10-Year Price/Tangible Book Range
Min: 1.68   Max: 19.06
Current: 7.4

1.68
19.06
Price/DCF (Projected) 1.30
CHDN's Price/DCF (Projected) is ranked higher than
88% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 9999.00 vs. CHDN: 1.30 )
CHDN' s 10-Year Price/DCF (Projected) Range
Min: 0.89   Max: 14.26
Current: 1.3

0.89
14.26
Price/Median PS Value 1.40
CHDN's Price/Median PS Value is ranked higher than
64% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 1.21 vs. CHDN: 1.40 )
CHDN' s 10-Year Price/Median PS Value Range
Min: 0.52   Max: 2.2
Current: 1.4

0.52
2.2
Price/Peter Lynch Fair Value 1.50
CHDN's Price/Peter Lynch Fair Value is ranked higher than
92% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 9999.00 vs. CHDN: 1.50 )
CHDN' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.54   Max: 10.51
Current: 1.5

0.54
10.51
Price/Graham Number 3.10
CHDN's Price/Graham Number is ranked higher than
71% of the 911 Companies
in the Global Gambling industry.

( Industry Median: 3.59 vs. CHDN: 3.10 )
CHDN' s 10-Year Price/Graham Number Range
Min: 1.01   Max: 4.89
Current: 3.1

1.01
4.89
Earnings Yield (Greenblatt) 4.70
CHDN's Earnings Yield (Greenblatt) is ranked higher than
67% of the 755 Companies
in the Global Gambling industry.

( Industry Median: 5.70 vs. CHDN: 4.70 )
CHDN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 12.3
Current: 4.7

3
12.3
Forward Rate of Return (Yacktman) 21.84
CHDN's Forward Rate of Return (Yacktman) is ranked higher than
89% of the 630 Companies
in the Global Gambling industry.

( Industry Median: 5.33 vs. CHDN: 21.84 )
CHDN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -17.9   Max: 23
Current: 21.84

-17.9
23

Business Description

Industry: Travel & Leisure » Gambling
Compare:WIMHY, LTOMF, PDYPF, LDBKF, PYTCY » details
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.
» More Articles for CHDN

Headlines

Articles On GuruFocus.com
Gabelli and RS Investment Management Highlight Guru Real Time Transactions of the Week Apr 11 2014 
comment on CHDN Mar 23 2013 
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 

More From Other Websites
Churchill Downs Incorporated 2014 Second-Quarter Business Results Conference Call Invitation Jul 21 2014
Churchill Downs Incorporated 2014 Second-Quarter Business Results Conference Call Invitation Jul 21 2014
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CDI's Mudd, Anderson to Participate in Brean Capital 2014 Global Consumer & Gaming Conference Jun 02 2014
Churchill Downs weakness on racing deal a buying opportunity, says Brean Capital May 28 2014
Churchill Downs to allow Stronach to operate racing at Calder May 28 2014
CHURCHILL DOWNS INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits May 28 2014
Churchill Downs Incorporated Announces Agreement Allowing The Stronach Group to Operate Racing at... May 28 2014
Horse's death latest black eye for Churchill Downs May 23 2014
Horse's death latest black eye for Churchill Downs May 23 2014
Horse dies in freak fall at Churchill Downs May 23 2014
Horse dies in freak fall at Churchill Downs May 23 2014
Panasonic Engineering a Better Fan Experience with the World's Largest 4K LED Video Board at the... May 20 2014
Could California Chrome Ignite Churchill Downs? May 19 2014
Churchill Downs to partner in bid for Capital Region's casino license May 13 2014
CHURCHILL DOWNS INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits May 13 2014
Saratoga Casino and Raceway & Churchill Downs Incorporated Announce Historic Partnership on Game... May 13 2014
CDI's Mudd, Anderson to Participate in Wells Fargo Securities 5th Annual Gaming Conference May 12 2014
Wireless Network Performs Like Thoroughbred at Churchill Downs May 08 2014
Track reports strong wagering on Derby Day racing May 05 2014

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