CHDN Relative Valuation
CHDN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CHDN is overvalued; if below, it's undervalued.
Historical Valuation
Churchill Downs Inc (CHDN) is now in the Undervalued zone, suggesting that its current forward PE ratio of 18.70 is considered Undervalued compared with the five-year average of 22.08. The fair price of Churchill Downs Inc (CHDN) is between 138.18 to 190.02 according to relative valuation methord. Compared to the current price of 116.76 USD , Churchill Downs Inc is Undervalued By 15.5%.
Relative Value
Fair Zone
138.18-190.02
Current Price：116.76
15.5%
Undervalued
18.73
PE
1Y
3Y
5Y
Trailing
Forward
10.64
EV/EBITDA
Churchill Downs Inc. (CHDN) has a current EV/EBITDA of 10.64. The 5-year average EV/EBITDA is 12.43. The thresholds are as follows: Strongly Undervalued below 8.57, Undervalued between 8.57 and 10.50, Fairly Valued between 14.36 and 10.50, Overvalued between 14.36 and 16.28, and Strongly Overvalued above 16.28. The current Forward EV/EBITDA of 10.64 falls within the Historic Trend Line -Fairly Valued range.
15.81
EV/EBIT
Churchill Downs Inc. (CHDN) has a current EV/EBIT of 15.81. The 5-year average EV/EBIT is 19.52. The thresholds are as follows: Strongly Undervalued below 10.68, Undervalued between 10.68 and 15.10, Fairly Valued between 23.94 and 15.10, Overvalued between 23.94 and 28.36, and Strongly Overvalued above 28.36. The current Forward EV/EBIT of 15.81 falls within the Historic Trend Line -Fairly Valued range.
2.69
PS
Churchill Downs Inc. (CHDN) has a current PS of 2.69. The 5-year average PS is 3.74. The thresholds are as follows: Strongly Undervalued below 1.97, Undervalued between 1.97 and 2.85, Fairly Valued between 4.62 and 2.85, Overvalued between 4.62 and 5.50, and Strongly Overvalued above 5.50. The current Forward PS of 2.69 falls within the Undervalued range.
10.53
P/OCF
Churchill Downs Inc. (CHDN) has a current P/OCF of 10.53. The 5-year average P/OCF is 13.41. The thresholds are as follows: Strongly Undervalued below 7.03, Undervalued between 7.03 and 10.22, Fairly Valued between 16.60 and 10.22, Overvalued between 16.60 and 19.80, and Strongly Overvalued above 19.80. The current Forward P/OCF of 10.53 falls within the Historic Trend Line -Fairly Valued range.
12.75
P/FCF
Churchill Downs Inc. (CHDN) has a current P/FCF of 12.75. The 5-year average P/FCF is -127.04. The thresholds are as follows: Strongly Undervalued below -1195.20, Undervalued between -1195.20 and -661.12, Fairly Valued between 407.04 and -661.12, Overvalued between 407.04 and 941.12, and Strongly Overvalued above 941.12. The current Forward P/FCF of 12.75 falls within the Historic Trend Line -Fairly Valued range.
Churchill Downs Inc (CHDN) has a current Price-to-Book (P/B) ratio of 7.86. Compared to its 3-year average P/B ratio of 10.21 , the current P/B ratio is approximately -22.95% higher. Relative to its 5-year average P/B ratio of 15.78, the current P/B ratio is about -50.18% higher. Churchill Downs Inc (CHDN) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 1.55%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 1.65% , the current FCF yield is about -100.00% lower.
7.88
P/B
Median3y
10.21
Median5y
15.78
5.58
FCF Yield
Median3y
1.55
Median5y
1.65
Competitors Valuation Multiple
The average P/S ratio for CHDN's competitors is , providing a benchmark for relative valuation. Churchill Downs Inc Corp (CHDN) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 8.67%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of CHDN decreased by 12.57% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 16.99 to 21.11.
The secondary factor is the Revenue Growth, contributed 8.67%to the performance.
Overall, the performance of CHDN in the past 1 year is driven by P/E Change. Which is more unsustainable.
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