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Churchill Downs (Churchill Downs) EV-to-EBIT

: 16.17 (As of Today)
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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Churchill Downs's Enterprise Value is $13,423 Mil. Churchill Downs's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $830 Mil. Therefore, Churchill Downs's EV-to-EBIT for today is 16.17.

The historical rank and industry rank for Churchill Downs's EV-to-EBIT or its related term are showing as below:

CHDN' s EV-to-EBIT Range Over the Past 10 Years
Min: 12.7   Med: 20.83   Max: 199.77
Current: 16.17

During the past 13 years, the highest EV-to-EBIT of Churchill Downs was 199.77. The lowest was 12.70. And the median was 20.83.

CHDN's EV-to-EBIT is ranked worse than
51.61% of 620 companies
in the Travel & Leisure industry
Industry Median: 15.745 vs CHDN: 16.17

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Churchill Downs's Enterprise Value for the quarter that ended in Dec. 2023 was $14,744 Mil. Churchill Downs's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $830 Mil. Churchill Downs's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 5.63%.


Churchill Downs EV-to-EBIT Historical Data

The historical data trend for Churchill Downs's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Churchill Downs Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.54 105.10 25.34 16.38 17.76

Churchill Downs Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EV-to-EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.38 14.60 20.98 17.92 17.76

Competitive Comparison

For the Gambling subindustry, Churchill Downs's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Churchill Downs EV-to-EBIT Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Churchill Downs's EV-to-EBIT falls into.



Churchill Downs EV-to-EBIT Calculation

Churchill Downs's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=13423.239/830.2
=16.17

Churchill Downs's current Enterprise Value is $13,423 Mil.
Churchill Downs's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $830 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Churchill Downs  (NAS:CHDN) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Churchill Downs's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=830.2/14744.085
=5.63 %

Churchill Downs's Enterprise Value for the quarter that ended in Dec. 2023 was $14,744 Mil.
Churchill Downs's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $830 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Churchill Downs EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Churchill Downs's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Churchill Downs (Churchill Downs) Business Description

Traded in Other Exchanges
Address
600 North Hurstbourne Parkway, Suite 400, Louisville, KY, USA, 40222
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The company generates more than half of its revenue from the Gaming segment includes revenue from casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.
Executives
Maureen Adams officer: SVP, Gaming Operations 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVLLE KY 40222
Bradley K. Blackwell officer: SVP, General Counsel 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Andrea M Carter director 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Karole Lloyd director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Paul C Varga director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
R Alex Rankin director 700 CENTRAL AVENUE, LOUISVILLE KY 40208
Robert L Fealy director 700 CENTRAL AVE, LOUISVILLE KY 40208
Bridgeman Ulysses L Jr director 7 SYLVAN WAY, PARSIPPANY NJ 07054
Marcia A Dall officer: EVP, and Chief Financial Offic 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Austin W. Miller officer: SVP, Gaming Operations 600 N. HURSTBOURNE PARKWAY, SUITE 400, LOUISVILLE KY 40222
Douglas C Grissom director THREE FIRST NATIONAL PLAZA STE 3800, CHICAGO IL 60602
William E Mudd officer: President and COO 700 CENTRAL AVENUE, LOUISVILLE KY 40208
Daniel P Harrington director 700 CENTRAL AVE, LOUISVILLE KY 40208
Richard L Duchossois director, 10 percent owner
Robert L Evans director, officer: President and CEO TENLANE FARM, 825 STEELE ROAD, VESAILLES KY 40383