Churchill Downs Net Income vs. Current Valuation
| CHDN Stock | USD 141.87 0.51 0.36% |
Net Income | First Reported 1993-03-31 | Previous Quarter 209.3 M | Current Value 64.4 M | Quarterly Volatility 49.5 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Gross Profit Margin | 0.28 | 0.3232 |
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| Net Profit Margin | 0.18 | 0.1695 |
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| Operating Profit Margin | 0.24 | 0.2291 |
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| Pretax Profit Margin | 0.24 | 0.2282 |
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| Return On Assets | 0.0679 | 0.06 |
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| Return On Equity | 0.49 | 0.467 |
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For Churchill Downs profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Churchill Downs to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Churchill Downs Incorporated utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Churchill Downs's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Churchill Downs Incorporated over time as well as its relative position and ranking within its peers.
Churchill |
Churchill Downs' Revenue Breakdown by Earning Segment
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Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.089 | Dividend Share 0.382 | Earnings Share 5.5 | Revenue Per Share 35.989 | Quarterly Revenue Growth 0.098 |
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Churchill Downs Current Valuation vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Churchill Downs's current stock value. Our valuation model uses many indicators to compare Churchill Downs value to that of its competitors to determine the firm's financial worth. Churchill Downs Incorporated is rated third in net income category among its peers. It also is rated third in current valuation category among its peers reporting about 36.20 of Current Valuation per Net Income. At this time, Churchill Downs' Net Income is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Churchill Downs' earnings, one of the primary drivers of an investment's value.Churchill Current Valuation vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Churchill Downs |
| = | 417.3 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Churchill Downs |
| = | 15.11 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Churchill Current Valuation vs Competition
Churchill Downs Incorporated is rated third in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Consumer Discretionary industry is currently estimated at about 292.02 Billion. Churchill Downs holds roughly 15.11 Billion in current valuation claiming about 5% of stocks in Consumer Discretionary industry.
Churchill Downs Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Churchill Downs, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Churchill Downs will eventually generate negative long term returns. The profitability progress is the general direction of Churchill Downs' change in net profit over the period of time. It can combine multiple indicators of Churchill Downs, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -810 K | -850.5 K | |
| Operating Income | 564 M | 592.2 M | |
| Income Before Tax | 561.8 M | 589.9 M | |
| Total Other Income Expense Net | -2.2 M | -2.1 M | |
| Net Income | 417.3 M | 438.2 M | |
| Income Tax Expense | 144.5 M | 151.7 M | |
| Net Income Applicable To Common Shares | 505.3 M | 530.6 M | |
| Net Income From Continuing Ops | 417.3 M | 438.2 M | |
| Non Operating Income Net Other | 499.4 M | 524.4 M | |
| Interest Income | 18.3 M | 15.7 M | |
| Net Interest Income | -268.4 M | -255 M | |
| Change To Netincome | -52.4 M | -49.8 M | |
| Net Income Per Share | 5.55 | 5.83 | |
| Income Quality | 1.45 | 2.31 | |
| Net Income Per E B T | 0.74 | 0.63 |
Churchill Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Churchill Downs. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Churchill Downs position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Churchill Downs' important profitability drivers and their relationship over time.
Use Churchill Downs in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.Churchill Downs Pair Trading
Churchill Downs Incorporated Pair Trading Analysis
The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Churchill Downs position
In addition to having Churchill Downs in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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To fully project Churchill Downs' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Churchill Downs at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Churchill Downs' income statement, its balance sheet, and the statement of cash flows.