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Churchill Downs (BSP:C2HD34) E10 : R$0.93 (As of Dec. 2024)


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What is Churchill Downs E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Churchill Downs's adjusted earnings per share data for the three months ended in Dec. 2024 was R$0.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.93 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Churchill Downs's average E10 Growth Rate was 23.20% per year. During the past 3 years, the average E10 Growth Rate was 30.80% per year. During the past 5 years, the average E10 Growth Rate was 24.80% per year. During the past 10 years, the average E10 Growth Rate was 22.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Churchill Downs was 34.40% per year. The lowest was -0.90% per year. And the median was 10.70% per year.

As of today (2025-03-26), Churchill Downs's current stock price is R$33.21. Churchill Downs's E10 for the quarter that ended in Dec. 2024 was R$0.93. Churchill Downs's Shiller PE Ratio of today is 35.71.

During the past 13 years, the highest Shiller PE Ratio of Churchill Downs was 117.75. The lowest was 30.56. And the median was 54.35.


Churchill Downs E10 Historical Data

The historical data trend for Churchill Downs's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Churchill Downs E10 Chart

Churchill Downs Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.42 0.53 0.56 0.93

Churchill Downs Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 0.61 0.80 0.85 0.93

Competitive Comparison of Churchill Downs's E10

For the Gambling subindustry, Churchill Downs's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Churchill Downs's Shiller PE Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Churchill Downs's Shiller PE Ratio falls into.



Churchill Downs E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Churchill Downs's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.29/133.1571*133.1571
=0.290

Current CPI (Dec. 2024) = 133.1571.

Churchill Downs Quarterly Data

per share eps CPI Adj_EPS
201503 -0.002 99.621 -0.003
201506 0.080 100.684 0.106
201509 0.008 100.392 0.011
201512 0.014 99.792 0.019
201603 0.005 100.470 0.007
201606 0.117 101.688 0.153
201609 0.014 101.861 0.018
201612 0.045 101.863 0.059
201703 0.011 102.862 0.014
201706 0.132 103.349 0.170
201709 0.028 104.136 0.036
201712 0.068 104.011 0.087
201803 0.343 105.290 0.434
201806 0.238 106.317 0.298
201809 0.142 106.507 0.178
201812 0.027 105.998 0.034
201903 0.028 107.251 0.035
201906 0.254 108.070 0.313
201909 0.037 108.329 0.045
201912 0.010 108.420 0.012
202003 -0.072 108.902 -0.088
202006 -0.389 108.767 -0.476
202009 0.146 109.815 0.177
202012 0.055 109.897 0.067
202103 0.128 111.754 0.153
202106 0.347 114.631 0.403
202109 0.207 115.734 0.238
202112 0.157 117.630 0.178
202203 0.134 121.301 0.147
202206 1.108 125.017 1.180
202209 0.194 125.227 0.206
202212 0.004 125.222 0.004
202303 0.534 127.348 0.558
202306 0.451 128.729 0.467
202309 0.195 129.860 0.200
202312 0.186 129.419 0.191
202403 0.269 131.776 0.272
202406 0.751 132.554 0.754
202409 0.238 133.029 0.238
202412 0.290 133.157 0.290

Add all the adjusted EPS together and divide 10 will get our e10.


Churchill Downs  (BSP:C2HD34) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Churchill Downs's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=33.21/0.93
=35.71

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Churchill Downs was 117.75. The lowest was 30.56. And the median was 54.35.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Churchill Downs E10 Related Terms

Thank you for viewing the detailed overview of Churchill Downs's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Churchill Downs Business Description

Traded in Other Exchanges
Address
600 North Hurstbourne Parkway, Suite 400, Louisville, KY, USA, 40222
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.

Churchill Downs Headlines

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