US · USD
CHDN
Churchill Downs Incorporated
- Day's range
- $73.44 – $77.89
- Day's volume
- $151.6M
- 52-week range
- $73.95 – $117.59
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See how CHDN weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountCHDN in numbers
- Market cap
- $5.2B
- P/E
- 12.47
- P/B
- 3.84
- Dividend yield (12m)
- 0.59%
- Net debt/EBITDA
- 4.80
The 12-month dividend yield of CHDN is 0.59%, above its 5-year average of 0.30%.
CHDN price history
CHDN risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -31.95% | -35.69% | -32.95% |
| Volatility (annualized) | 28.46% | 26.57% | 28.94% |
| Largest drawdown | -35.01% | -48.14% | -48.93% |
| Positive months | 4/12 | 18/36 | 29/60 |
How much did investing in CHDN return?
$1,000.00 invested on 11/01/2021 would be worth $670.52 today.
- Value today in CHDN
- $670.52
- Return over the period
- -32.95%
- Return per year
- -7.79%
- In the S&P 500
- $1,708.29
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
CHDN fundamentals
Valuation
- P/E12.47
- P/B3.84
- EV/EBITDA10.22
- EV/EBIT13.49
- EV/Revenue3.25
- P/EBIT7.14
- P/S1.72
- P/OCF—
- P/FCF—
- Earnings yield7.41%
- PEG ratio—
- Earnings per share$5.93
- Book value per share$19.24
Debt
- Net debt$4.6B
- Net debt/EBITDA4.80
- Net debt/Equity3.41
- Debt/Equity3.56
- Current ratio0.36
- Quick ratio0.35
- Cash ratio0.14
Efficiency
- Gross margin—
- EBITDA margin31.84%
- Operating margin24.12%
- Net margin13.82%
- Asset turnover0.40
Profitability
- ROE30.83%
- ROA5.50%
- ROIC8.66%
- Payout7.38%
Growth
- Revenue CAGR (5 years)15.50%
- Earnings CAGR (5 years)15.09%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is CHDN's fair price?
Two classic value formulas, with today's numbers. The current price is $73.95.
- Graham's fair price
- $50.67
- 31.48% below the price
√(22.50 × $5.93 × $19.24)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $5.98
- 91.92% below the price
$0.36 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
CHDN's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 20.71 | 23.01 | 23.82 | 17.99 | 36.84 | -91.51 | 39.54 | 27.85 |
| P/B | 7.85 | 9.06 | 11.12 | 14.33 | 29.91 | 20.42 | 10.69 | 20.76 |
| EV/EBITDA | 14.02 | 16.03 | 19.96 | 28.43 | 28.00 | 59.11 | 21.83 | 41.91 |
| Dividend yield | 0.36% | 0.29% | 0.26% | 0.32% | 0.26% | 0.30% | 0.40% | 0.62% |
| Earnings per share | $5.50 | $5.80 | $5.66 | $11.75 | $6.54 | -$2.13 | $3.47 | $8.76 |
| Book value per share | $14.49 | $14.74 | $12.13 | $14.75 | $8.05 | $9.54 | $12.83 | $11.75 |
| ROE | 37.92% | 39.37% | 46.70% | 79.67% | 81.19% | -22.31% | 27.05% | 74.54% |
| ROIC | 8.34% | 9.13% | 7.50% | 4.62% | 10.39% | 3.13% | 8.13% | 12.04% |
| EBITDA margin | 31.34% | 33.21% | 29.78% | 24.06% | 24.27% | 14.53% | 23.47% | 25.01% |
| Net margin | 13.09% | 15.61% | 16.95% | 24.28% | 15.60% | -7.77% | 10.34% | 34.97% |
| Net debt/EBITDA | 5.38 | 5.21 | 6.40 | 10.28 | 4.33 | 10.16 | 4.41 | 2.98 |
CHDN's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $2.9B | $2.7B | $2.5B | $1.8B | $1.6B | $1.1B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $916.9M | $908.1M | $733M | $435.5M | $387.6M | $153.1M |
| EBIT | $683.8M | $709M | $564M | $321.8M | $284.4M | $60.2M |
| Financial result | -$151.4M | -$135.8M | -$2.2M | $287M | $59.2M | -$52.2M |
| Income before tax | $532.4M | $573.2M | $561.8M | $608.8M | $343.6M | $8M |
| Income tax | -$146.9M | -$144.1M | -$144.5M | -$169.4M | -$94.5M | $5.3M |
| Net income | $383M | $426.8M | $417.3M | $439.4M | $249.1M | -$81.9M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does CHDN pay dividends?
Dividend yield per year
- 0.57%2017
- 0.62%2018
- 0.40%2019
- 0.30%2020
- 0.26%2021
- 0.32%2022
- 0.26%2023
- 0.29%2024
- 0.36%2025
- 0.59%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 12/04/2025 | 01/06/2026 | $0.44 |
| Dividend | 12/05/2024 | 01/03/2025 | $0.41 |
| Dividend | 11/29/2023 | 01/05/2024 | $0.38 |
| Dividend | 11/30/2022 | 01/06/2023 | $0.36 |
| Dividend | 12/01/2021 | 01/07/2022 | $0.33 |
| Dividend | 12/02/2020 | 01/06/2021 | $0.31 |
| Dividend | 12/04/2019 | 01/03/2020 | $0.29 |
| Dividend | 12/05/2018 | 01/04/2019 | $0.27 |
| Dividend | 11/29/2017 | 01/05/2018 | $0.25 |
| Dividend | 11/29/2016 | 01/06/2017 | $0.22 |
About Churchill Downs Incorporated
- Sector
- Services
Questions about CHDN
How much is CHDN today?
CHDN is at $73.95 (-5.45% on the day), last traded on 10/07/2026.
How much did CHDN pay in dividends in 2025?
CHDN paid $0.41 per share in 2025, a dividend yield of 0.36%.
What are the P/E and P/B of CHDN?
CHDN trades at a P/E of 12.47 and a P/B of 3.84.
How much did CHDN return in 12 months?
CHDN returned -31.95% in 12 months, with annualized volatility of 28.46% and a largest drawdown of -35.01%.