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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 0.12
CHDN's Cash to Debt is ranked lower than
53% of the 790 Companies
in the Global Gambling industry.

( Industry Median: 0.81 vs. CHDN: 0.12 )
CHDN' s 10-Year Cash to Debt Range
Min: 0.07   Max: 3.44
Current: 0.12

0.07
3.44
Equity to Asset 0.52
CHDN's Equity to Asset is ranked higher than
64% of the 775 Companies
in the Global Gambling industry.

( Industry Median: 0.54 vs. CHDN: 0.52 )
CHDN' s 10-Year Equity to Asset Range
Min: 0.35   Max: 0.64
Current: 0.52

0.35
0.64
Interest Coverage 14.46
CHDN's Interest Coverage is ranked higher than
69% of the 534 Companies
in the Global Gambling industry.

( Industry Median: 12.77 vs. CHDN: 14.46 )
CHDN' s 10-Year Interest Coverage Range
Min: 3.14   Max: 48
Current: 14.46

3.14
48
F-Score: 4
Z-Score: 2.61
M-Score: -2.64
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
77% of the 778 Companies
in the Global Gambling industry.

( Industry Median: 8.95 vs. CHDN: 11.56 )
CHDN' s 10-Year Operating margin (%) Range
Min: 5.39   Max: 14.26
Current: 11.56

5.39
14.26
Net-margin (%) 7.04
CHDN's Net-margin (%) is ranked higher than
76% of the 778 Companies
in the Global Gambling industry.

( Industry Median: 5.85 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 741 Companies
in the Global Gambling industry.

( Industry Median: 6.81 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
73% of the 781 Companies
in the Global Gambling industry.

( Industry Median: 3.40 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
74% of the 781 Companies
in the Global Gambling industry.

( Industry Median: 13.58 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
73% of the 602 Companies
in the Global Gambling industry.

( Industry Median: 5.50 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
84% of the 498 Companies
in the Global Gambling industry.

( Industry Median: 7.40 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 418 Companies
in the Global Gambling industry.

( Industry Median: 7.70 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

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
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%)
Paul Tudor Jones Sold Out
Tom Russo 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%)
Columbia Wanger Sold Out
Joel Greenblatt 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
» 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 $ 87.841%3250
Joel Greenblatt 2013-09-30 Sold Out 0.02%$80.01 - $88.86 $ 87.846%0
Joel Greenblatt 2013-03-31 Reduce -87.73%0.15%$64.02 - $70.27 $ 87.8431%5530
George Soros 2012-12-31 Add 27.98%0.1%$56.86 - $66.54 $ 87.8440%549943
Joel Greenblatt 2012-12-31 Add 20.02%0.03%$56.86 - $66.54 $ 87.8440%45060
Joel Greenblatt 2012-09-30 New Buy0.16%$54.84 - $63.23 $ 87.8451%37544
George Soros 2012-06-30 Add 34.8%0.09%$56.07 - $62.79 $ 87.8449%411912
George Soros 2012-03-31 Add 69.23%0.1%$49.91 - $59.32 $ 87.8473%305576
George Soros 2011-12-31 New Buy0.41%$37.72 - $52.13 $ 87.8492%180564
Mario Gabelli 2011-03-31 Reduce -25.82%0.06%$38.97 - $44.41 $ 87.84110%594820
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) 28.70
CHDN's P/E(ttm) is ranked higher than
53% of the 596 Companies
in the Global Gambling industry.

( Industry Median: 21.40 vs. CHDN: 28.70 )
CHDN' s 10-Year P/E(ttm) Range
Min: 5.35   Max: 243.98
Current: 28.7

5.35
243.98
P/B 2.24
CHDN's P/B is ranked higher than
56% of the 727 Companies
in the Global Gambling industry.

( Industry Median: 1.74 vs. CHDN: 2.24 )
CHDN' s 10-Year P/B Range
Min: 0.83   Max: 2.59
Current: 2.24

0.83
2.59
P/S 2.02
CHDN's P/S is ranked lower than
54% of the 824 Companies
in the Global Gambling industry.

( Industry Median: 1.53 vs. CHDN: 2.02 )
CHDN' s 10-Year P/S Range
Min: 0.75   Max: 2.19
Current: 2.02

0.75
2.19
PFCF 16.83
CHDN's PFCF is ranked higher than
66% of the 467 Companies
in the Global Gambling industry.

( Industry Median: 17.64 vs. CHDN: 16.83 )
CHDN' s 10-Year PFCF Range
Min: 5.59   Max: 132.42
Current: 16.83

5.59
132.42
EV-to-EBIT 21.15
CHDN's EV-to-EBIT is ranked higher than
54% of the 668 Companies
in the Global Gambling industry.

( Industry Median: 18.50 vs. CHDN: 21.15 )
CHDN' s 10-Year EV-to-EBIT Range
Min: 8.2   Max: 33.9
Current: 21.15

8.2
33.9
PEG 1.54
CHDN's PEG is ranked higher than
68% of the 330 Companies
in the Global Gambling industry.

( Industry Median: 1.80 vs. CHDN: 1.54 )
CHDN' s 10-Year PEG Range
Min: 0.85   Max: 3987
Current: 1.54

0.85
3987
Shiller P/E 35.29
CHDN's Shiller P/E is ranked higher than
54% of the 359 Companies
in the Global Gambling industry.

( Industry Median: 24.79 vs. CHDN: 35.29 )
CHDN' s 10-Year Shiller P/E Range
Min: 9.45   Max: 38.21
Current: 35.29

9.45
38.21

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.99
CHDN's Dividend Yield is ranked lower than
78% of the 521 Companies
in the Global Gambling industry.

( Industry Median: 2.09 vs. CHDN: 0.99 )
CHDN' s 10-Year Dividend Yield Range
Min: 0.88   Max: 1.67
Current: 0.99

0.88
1.67
Dividend Payout 0.28
CHDN's Dividend Payout is ranked higher than
72% of the 443 Companies
in the Global Gambling industry.

( Industry Median: 0.41 vs. CHDN: 0.28 )
CHDN' s 10-Year Dividend Payout Range
Min: 0.09   Max: 0.75
Current: 0.28

0.09
0.75
Dividend growth (3y) 20.30
CHDN's Dividend growth (3y) is ranked higher than
82% of the 256 Companies
in the Global Gambling industry.

( Industry Median: 11.20 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 lower than
51% of the 529 Companies
in the Global Gambling industry.

( Industry Median: 2.19 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 510 Companies
in the Global Gambling industry.

( Industry Median: -0.70 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 7.65
CHDN's Price/Tangible Book is ranked lower than
73% of the 624 Companies
in the Global Gambling industry.

( Industry Median: 2.00 vs. CHDN: 7.65 )
CHDN' s 10-Year Price/Tangible Book Range
Min: 1.95   Max: 7.81
Current: 7.65

1.95
7.81
Price/DCF (Projected) 1.33
CHDN's Price/DCF (Projected) is ranked higher than
65% of the 390 Companies
in the Global Gambling industry.

( Industry Median: 1.30 vs. CHDN: 1.33 )
CHDN' s 10-Year Price/DCF (Projected) Range
Min: 1.09   Max: 3.01
Current: 1.33

1.09
3.01
Price/Median PS Value 1.43
CHDN's Price/Median PS Value is ranked lower than
58% of the 727 Companies
in the Global Gambling industry.

( Industry Median: 1.10 vs. CHDN: 1.43 )
CHDN' s 10-Year Price/Median PS Value Range
Min: 0.55   Max: 1.81
Current: 1.43

0.55
1.81
Price/Peter Lynch Fair Value 1.47
CHDN's Price/Peter Lynch Fair Value is ranked higher than
55% of the 174 Companies
in the Global Gambling industry.

( Industry Median: 1.20 vs. CHDN: 1.47 )
CHDN' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.66   Max: 9.12
Current: 1.47

0.66
9.12
Price/Graham Number 3.13
CHDN's Price/Graham Number is ranked lower than
65% of the 513 Companies
in the Global Gambling industry.

( Industry Median: 1.40 vs. CHDN: 3.13 )
CHDN' s 10-Year Price/Graham Number Range
Min: 1.23   Max: 3.19
Current: 3.13

1.23
3.19
Earnings Yield (Greenblatt) 4.70
CHDN's Earnings Yield (Greenblatt) is ranked higher than
60% of the 688 Companies
in the Global Gambling industry.

( Industry Median: 5.40 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) 22.42
CHDN's Forward Rate of Return (Yacktman) is ranked higher than
91% of the 528 Companies
in the Global Gambling industry.

( Industry Median: 3.89 vs. CHDN: 22.42 )
CHDN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -17.9   Max: 23.1
Current: 22.42

-17.9
23.1

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.

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