Churchill Downs Inc
NASDAQ:CHDN
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EV/EBIT
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (21.6), the stock would be worth $130.37 (40% upside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 15.4 | $92.91 |
0%
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| 3-Year Average | 21.6 | $130.37 |
+40%
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| 5-Year Average | 24.7 | $149.01 |
+60%
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| Industry Average | 18.1 | $109.08 |
+17%
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| Country Average | 19.6 | $118.46 |
+27%
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Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
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$11.1B
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/ |
Jan 2026
$736.4m
|
= |
|
|
$11.1B
|
/ |
Dec 2026
$819m
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= |
|
|
$11.1B
|
/ |
Dec 2027
$861.3m
|
= |
|
|
$11.1B
|
/ |
Dec 2028
$928.2m
|
= |
|
Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
Churchill Downs Inc
NASDAQ:CHDN
|
6.5B USD | 15.4 | 17 | |
| US |
|
Las Vegas Sands Corp
NYSE:LVS
|
38.6B USD | 16.1 | 23.7 | |
| AU |
|
Aristocrat Leisure Ltd
ASX:ALL
|
30.2B AUD | 15 | 18.1 | |
| IE |
|
Flutter Entertainment PLC
LSE:FLTR
|
14.1B GBP | 40.6 | -45.5 | |
| HK |
|
Galaxy Entertainment Group Ltd
HKEX:27
|
153.4B HKD | 14.5 | 14.6 | |
| MO |
|
Sands China Ltd
HKEX:1928
|
140.6B HKD | 18.8 | 20 | |
| SE |
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Evolution AB (publ)
STO:EVO
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126.9B SEK | 8.8 | 11.1 | |
| GR |
O
|
Organization of Football Prognostics SA
ATHEX:ALWN
|
10B EUR | 14.2 | 20.6 | |
| US |
|
Wynn Resorts Ltd
NASDAQ:WYNN
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11.3B USD | 17.7 | 34.6 | |
| US |
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DraftKings Inc
NASDAQ:DKNG
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11.3B USD | -1 118.4 | 3 058.3 | |
| ZA |
S
|
Sun International Ltd
JSE:SUI
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11.2B ZAR | 6.2 | 6.8 |
Market Distribution
| Min | 0 |
| 30th Percentile | 13.6 |
| Median | 19.6 |
| 70th Percentile | 27.8 |
| Max | 1 826 183.2 |
Other Multiples
Churchill Downs Inc
Glance View
Churchill Downs Incorporated, founded in 1875 and famously home to the Kentucky Derby, has cultivated its brand into an iconic player in the horse racing industry. Nestled in the heart of Louisville, Kentucky, the company's centerpiece is the Churchill Downs Racetrack, where the annual "Run for the Roses" captivates millions. However, Churchill Downs Inc. has transitioned well beyond just hosting horse races; it leverages its historic reputation to draw in spectators and bettors, both at the track and across its burgeoning digital platforms. These events not only rake in substantial revenue from admission fees, broadcasting rights, and concessions but also create a robust ecosystem for gambling, which is a significant revenue pillar. Over the years, the company has strategically diversified its portfolio, crafting a multifaceted business model. Alongside its physical racetracks, Churchill Downs Inc. has expanded into the realm of online wagering, notably with its TwinSpires platform, allowing users to place bets from the comfort of their homes on a variety of sports and racing events. Furthermore, its acquisition strategy has been keenly focused on regional casinos and gaming properties, with a growing presence across states in the U.S., underscoring a deliberate move to capture a larger share of the gaming market. This blend of tradition and innovation has enabled Churchill Downs Inc. to remain a heavyweight in the horse racing industry while tapping into broader gambling trends that continue to evolve.
