Churchill Downs Incorporated Ratios | P/E, ROE & Valuation

On the Key Ratios page for Churchill Downs Incorporated (CHDN), the latest P/E of 14.0 frames valuation, while ROE 36.57% and ROIC 7.52% indicates profitability and capital efficiency. Together with the current ratio of 0.36 and debt-to-equity 3.57, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

CHDN Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$42.74$36.95$32.74$23.88$20.69$13.31$16.58$12.22$9.37$13.30
Net Income per Share$5.85$5.77$5.55$5.80$3.23$0.17$1.71$4.27$1.49$1.10
Operating Cash Flow per Share$11.35$10.44$8.06$7.08$4.35$1.79$3.61$2.39$2.32$2.30
Free Cash Flow per Share$5.47$3.05$-0.94$1.06$3.16$-1.17$1.57$0.59$1.08$1.72
Cash per Share$2.80$2.37$1.92$1.71$3.77$0.85$1.20$1.61$0.55$0.49
Book Value per Share$19.87$14.91$11.88$7.28$3.97$4.64$6.37$5.73$6.80$6.96
Tangible Book Value per Share$-28.89$-29.81$-32.24$-33.83$-5.29$-4.42$-2.82$-1.56$1.63$-6.09
Interest Debt per Share$72.49$70.35$67.99$62.70$26.59$21.49$19.26$11.19$12.51$9.81
CAPEX per Share$5.89$7.39$9.00$6.03$1.19$2.96$2.04$1.81$1.24$0.58

CHDN Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)13.9923.1524.3218.2437.33580.0140.019.522622.82
Price to Book (P/B)4.269.1211.3514.5330.3121.0110.827.15.713.6
Price to Sales (P/S)1.93.614.124.435.827.324.143.334.141.89
Enterprise Value to EBITDA9.2113.714.7714.2720.4549.8618.6812.1621.0112.52
EV to Sales3.445.356.036.96.878.795.174.075.362.55
EV to Operating Cash Flow12.9318.9224.5123.2732.7165.3223.7520.7821.6814.73
EV to Free Cash Flow26.8764.79-209.99156.1245.04-100.4254.4784.9146.719.69
Enterprise Value$10.28B$14.62B$14.85B$12.49B$10.98B$9.27B$6.88B$4.11B$4.73B$3.34B

CHDN Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)36.57%39.39%46.70%79.67%81.19%3.62%27.05%74.54%21.94%15.78%
Return on Invested Capital (ROIC)7.52%8.02%6.68%7.20%12.62%7.81%6.80%10.01%9.11%6.94%
Return on Tangible Assets9.97%10.76%11.47%14.21%10.99%0.68%7.58%31.41%7.50%11.14%
Earnings Yield7.16%4.32%4.11%5.48%2.68%0.17%2.50%10.50%3.85%4.38%
Free Cash Flow Yield6.72%2.28%-0.70%1.00%2.62%-1.20%2.30%1.44%2.77%6.88%
Dividend Yield0.54%0.30%0.27%0.32%0.27%0.30%0.40%0.71%0.59%0.77%

CHDN Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio0.360.570.530.551.270.550.730.940.570.53
Interest Coverage2.472.452.13.815.331.333.044.712.964.44
Income Quality1.911.81.451.221.35-1.732.110.561.552.1
Debt to Equity3.574.545.428.356.414.422.91.871.761.35
Debt to Assets63.57%67.56%69.64%74.20%66.00%60.39%57.78%51.26%47.86%40.88%
Net Debt to EBITDA4.114.444.675.113.128.363.742.224.783.27

CHDN Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover23.1924.1520.618.9514.7512.2725.6722.0310.3616.82
Payables Turnover7.29.9610.518.5514.1112.1717.0715.3111.6420.06
Inventory Turnover170.81154.8196.860000000
Days Sales Outstanding15.7415.1117.7219.2624.7529.7514.2216.5735.2321.7
Days Payables Outstanding50.736.6534.7342.7125.8729.9921.3823.8531.3518.19
Days of Inventory on Hand2.142.363.770000000

CHDN Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA9.2113.714.7714.2720.4549.8618.6812.1621.0112.52
Market Cap$5.69B$9.88B$10.15B$8.01B$9.30B$7.71B$5.50B$3.36B$3.65B$2.47B
Enterprise Value$10.28B$14.62B$14.85B$12.49B$10.98B$9.27B$6.88B$4.11B$4.73B$3.34B
Dividend Yield0.54%0.30%0.27%0.32%0.27%0.30%0.40%0.71%0.59%0.77%
Payout Ratio7.76%6.84%6.49%5.92%9.96%175.94%16.15%6.72%15.30%17.67%

Frequently Asked Questions

How does Churchill Downs Incorporated’s P/E ratio compare with its history?

On this page, CHDN's current P/E is 14.0, compared with a multi-year average around 79.5. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Churchill Downs Incorporated market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $5.69B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Churchill Downs Incorporated’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Churchill Downs Incorporated's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Churchill Downs Incorporated compare to its competitors in key financial ratios?

The fastest way to compare Churchill Downs Incorporated with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Churchill Downs Incorporated outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Churchill Downs Incorporated's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Churchill Downs Incorporated is financially strong. Current ratio is about 0.36, which is below 1.0 and can suggest tighter short-term liquidity. Interest coverage is about 2.47, implying a stronger ability to cover interest expenses. Debt-to-equity is about 3.57, suggesting higher leverage than a low-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Churchill Downs Incorporated's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Churchill Downs Incorporated is sustaining strong returns (for example ROE at 36.57% and ROIC at 7.52%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.