Churchill Downs Inc

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CHDN : NASDAQ : Services
$142.9 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 91500.0
01/18/17 - 4:00 PM ET

Financial Analysis


CHURCHILL DOWNS INC's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. CHURCHILL DOWNS INC has very weak liquidity. Currently, the Quick Ratio is 0.36 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 9.23% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)303.4279.77
EBITDA ($mil)63.255.27
EBIT ($mil)31.525.03
Net Income ($mil)8.74.2


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)88.279.04
Total Assets ($mil)2224.72260.32
Total Debt ($mil)920.2591.52
Equity ($mil)695.4766.17


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin31.8132.12
EBITDA Margin20.8319.75
Operating Margin10.388.95
Sales Turnover0.590.49
Return on Assets3.991.94
Return on Equity12.775.72
Debt Q3 FY16 Q3 FY15
Current Ratio0.510.34
Debt/Capital0.570.44
Interest Expense11.16.74
Interest Coverage2.843.71


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)16.617.57
Div / share0.00.0
EPS0.520.24
Book value / share41.8943.61
Institutional Own % n/a n/a
Avg Daily Volume89789.081948.0

Valuation


BUY. CHURCHILL DOWNS INC's P/E ratio indicates a discount compared to an average of 30.75 for the Hotels, Restaurants & Leisure industry and a value on par with the S&P 500 average of 25.49. Conducting a second comparison, its price-to-book ratio of 3.42 indicates a premium versus the S&P 500 average of 2.84 and a significant discount versus the industry average of 7.45. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, CHURCHILL DOWNS INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CHDN 27.46 Peers 30.75   CHDN 9.81 Peers 15.71

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

CHDN is trading at a discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

CHDN is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
CHDN 20.48 Peers 31.36   CHDN 0.53 Peers 1.82

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

CHDN is trading at a discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

CHDN trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CHDN 3.42 Peers 7.45   CHDN 113.93 Peers 70.64

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

CHDN is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

CHDN is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CHDN 1.83 Peers 2.93   CHDN 17.09 Peers 4.94

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

CHDN is trading at a significant discount to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

CHDN has a sales growth rate that significantly exceeds its peers.

 

 

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