Churchill Downs Incorporated (CHDN)
Consumer · NMS
Price as at 1 Oct 2026, 09:20 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Churchill Downs Incorporated trades at $75.68, which is 109% below the $158.44 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 50 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 15.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
CHDN dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2025 | $0.438 | 1 |
| 2024 | $0.409 | 1 |
| 2023 | $0.382 | 1 |
| 2022 | $0.357 | 1 |
| 2021 | $0.334 | 1 |
| 2020 | $0.311 | 1 |
| 2019 | $0.290 | 1 |
| 2018 | $0.272 | 1 |
| 2017 | $0.253 | 1 |
| 2016 | $0.220 | 1 |
| 2015 | $0.192 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
CHDN earnings and analyst estimates
Recommendation mix, 12 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Churchill Downs Incorporated
Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States. It operates through three segments: Live and Historical Racing, Wagering Services and Solutions, and Gaming. The Live and Historical Racing segment engages in live and historical pari-mutuel racing related activities at Churchill Downs Racetrack and its historical racing properties in Kentucky, Virginia, and New Hampshire; provides racing event-related services, including admissions, personal seat licenses, sponsorships, television rights, and other miscellaneous services, as well as food and beverages services. The Wagering Services and Solutions engages in pari-mutuel wagers through TwinSpires, which operates the online horse racing wagering business for TwinSpires.com, BetAmerica.com, and other white-label platforms; facilitates dollar wagering; provides the Bloodstock Research Information Services platform for horse racing statistical data; offers streaming video of live horse races, replays, and an assortment of racing and handicapping information; and provides technology services to third parties. This segment also operates retail and online sports betting businesses, United Tote, which manufactures and operates pari-mutuel wagering systems for racetracks, OTBs, and other pari-mutuel wagering businesses, and Exacta, which provides central determinant system technology in HRMs. The Gaming segment operates the casino properties and associated racetracks, which include slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, racing event-related services, and other miscellaneous operations. Churchill Downs Incorporated was founded in 1875 and is headquartered in Louisville, Kentucky.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
CHDN passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
13 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Griffin, CITADEL ADVISORS LLC$153.67M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$129.48M · 0.1% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$75.64M · 0.0% of book
- Joel Greenblatt, Gotham Asset Management, LLC$58.15M · 0.1% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$51.30M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in CHDN
Trades in CHDN disclosed by members of Congress and executive-branch officials, latest first:
- Donald J Trump · Executive branchSell · $1,001 - $15,000 · traded 3 Jun 2026 · disclosed 22 Aug 2026
- Gilbert Cisneros · HouseSell · $1,001 - $15,000 · traded 7 Apr 2020 · disclosed 13 May 2020
- Gilbert Cisneros · HouseSell · $1,001 - $15,000 · traded 21 Feb 2020 · disclosed 10 Mar 2020
- Gilbert Cisneros · HouseSell · $1,001 - $15,000 · traded 22 Oct 2019 · disclosed 15 Nov 2019
- Gilbert Cisneros · HouseBuy · $1,001 - $15,000 · traded 7 Mar 2019 · disclosed 16 Apr 2019
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
CHDN peers
The largest companies in the same industry (Gambling), then in the same sector.
- FLUT Flutter Entertainment plc
- TLC.AX The Lottery Corporation Limited
- RSI Rush Street Interactive, Inc.
- SGHC Super Group (SGHC) Limited
- LOTMY LOTTOMATICA GROUP SPA
- BRSL Brightstar Lottery PLC
- ACEL Accel Entertainment, Inc.
- MRDN Meridian Holdings Inc.
Every consumer company we cover is on the Consumer hub.
Common questions
Is Churchill Downs Incorporated (CHDN) undervalued?
Against our fair value estimate of $158.44, CHDN at $75.68 is 109% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own CHDN?
13 of the institutions we track reported a position in CHDN in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is CHDN's P/E ratio?
CHDN trades at 15.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Churchill Downs Incorporated (CHDN) pay a dividend?
Yes. Churchill Downs Incorporated yields 0.53% at the current share price. It has paid $0.438 per share over the trailing twelve months. It has paid a dividend in each of the last 33 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its CHDN data?
Fundamentals for CHDN come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 09:20 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for CHDN, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.