Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, as well as provides totalizator services; and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Financial Forecast | Analysts project a bright future for Churchill Downs, with price targets ranging from $125 to $166, reflecting confidence in the company's growth strategy |
Diversification Drive | Learn how Churchill Downs is mitigating risks through a multi-faceted approach, balancing traditional racing with innovative gaming and online wagering solutions |
HRM Expansion | Delve into Churchill Downs' aggressive expansion in Historical Horse Racing markets, driving significant EBITDA growth and reshaping the company's portfolio |
Derby's Dilemma | Explore Churchill Downs' strategic pivot as the iconic Kentucky Derby faces challenges, impacting the company's revenue streams and growth prospects |
Metrics to compare | CHDN | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipCHDNPeersSector | |
|---|---|---|---|---|
P/E Ratio | 15.4x | 1,460.2x | 11.2x | |
PEG Ratio | 53.37 | 6.77 | 0.02 | |
Price / Book | 6.0x | 12.9x | 1.4x | |
Price / LTM Sales | 2.2x | 3.9x | 1.0x | |
Upside (Analyst Target) | 57.4% | 52.2% | 21.8% | |
Fair Value Upside | Unlock | 23.4% | 9.7% | Unlock |