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Is this Large Market Cap Stock target price reasonable for Churchill Downs Inc. (NASDAQ:CHDN)?

The company in question is, Churchill Downs Inc. (NASDAQ:CHDN) currently with a stock price of 142.12 (-0.19% today). The market cap for Churchill Downs Inc. is 2382.18, and is in the sector Services, and Gaming Activities industry. The target price for Churchill Downs Inc. is 163.67. Currently Churchill Downs Inc. is trading with a P/E of 28.68, and a forward P/E of 20. Average volume for Churchill Downs Inc. is 82.98 and so far today it is 25379.

Performance in the last year for Churchill Downs Inc. has been 4.50%. For EPS growth, Churchill Downs Inc. has seen a growth of 40.70%, and is looking to grow in the next year to 19.87%. More long term stats show that EPS growth has been 24.30% over the last five years and could be 12.00% for the next five years. Churchill Downs Inc. has seen sales growth quarter over quarter at -33.60%, with EPS growth quarter over quarter at 36.20%. The 20-day simple moving average is -3.38%, with the 200-day simple moving average coming to 3.54%.

Since the IPO date for Churchill Downs Inc. on the 3/29/1993, Churchill Downs Inc. has seen performance year to date to be 0.64%. With Churchill Downs Inc. trading at 142.12, the dividend yield is 0.81%, and the EPS is 4.96.

So could Churchill Downs Inc., be undervalued? Well as said before P/E is 28.68. The PEG is 2.39, P/S is 1.86 and the P/B is at 3.46. The P/cash is 43.23, with P/free cash flow at 14.85.

Churchill Downs Inc. ability to deal with debt shows that the current ratio is 0.5, and the quick ratio is 0.5. This is with long term debt/equity at 1.34, and total debt/equity at 1.36.

In terms of margins, Churchill Downs Inc. has a gross margin of 23.10%, an operating margin of 11.40% and a profit margin of 6.60%.Payout ratio for Churchill Downs Inc. is 22.60%. Return on assets come to 3.70% with return on investment coming to 5.50%.

Insider ownership for Churchill Downs Inc., is at 3.00% and institutional ownership comes to 72.90%. Outstanding shares are at 16.73. While shares float is 13.46. The float short is currently 10.87%, and short ratio is 17.63.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Mark Hines

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