Stock AnalizChurchill Downs Inc CHDN
Services-Misc. Amusement & Recreation · data as of November 13, 2026
Churchill Downs Inc (CHDN) is a consumer discretionary company listed in the US with a market value of about $6.8B. In the twelve months to September 30, 2026 it had revenue of $3.0B and net income of $455M, a net margin of 15.1%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is shareholder returns (5/5); the weakest is financial health (1/5).
Key numbers: a P/E of 15.4, a price to free cash flow of 12.9, 5-year revenue growth of 23% a year, a 5-year average ROIC of 7%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 18% above the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
Checks not passed
- PEG below 1.5
- Revenue growth above 10% last year
- Profit margin improving
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- More cash than debt, or low debt to equity
- Interest covered more than 5 times
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $2.9B | $2.7B | $2.5B | $1.8B | $1.6B | $1.1B | $1.3B | $1.0B | $883M | $822M |
| Net income | $455M | $383M | $427M | $417M | $439M | $249M | -$82M | $138M | $353M | $140M | $108M |
| Free cash flow | $530M | $700M | $688M | $528M | $461M | $420M | -$69M | $207M | $168M | $182M | $200M |
| EPS (diluted) | $6.47 | $5.29 | $5.68 | $5.49 | $5.71 | $3.18 | $-1.04 | $1.69 | $4.24 | $1.46 | $1.07 |
| Net margin | 15.1% | 13.1% | 15.6% | 17.0% | 24.3% | 15.6% | -7.8% | 10.3% | 35.0% | 15.9% | 13.1% |
| ROIC | — | 8.0% | 8.8% | 7.2% | 4.5% | 8.9% | 2.3% | 7.6% | 10.8% | 6.5% | 7.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 12 analysts is $126.83, 27% above the current price; targets range from $105.00 to $153.00; the consensus rating is “Strong buy”; expected EPS is $6.92 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Churchill Downs’s P/E ratio?
About 15.4, based on the last twelve months of diluted earnings per share (forward P/E about 16.8).
Is Churchill Downs stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 18% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Churchill Downs pay a dividend?
Yes. The dividend yield is about 0.47%, and it has paid dividends for 10 years in our data.
Is Churchill Downs a good stock to buy?
We do not give buy or sell advice. Churchill Downs scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.