Added to YB: 2025-12-11
Pitch date: 2025-10-16
CHDN [bullish]
Churchill Downs Incorporated
+35.73%
current return
Author Info
No bio for this author
Company Info
Churchill Downs Incorporated operates live and historical racing entertainment venues, online wagering businesses, and regional casino gaming properties in the United States.
Market Cap
$7.9B
Pitch Price
$86.03
Price Target
153.00 (+31%)
Dividend
0.39%
EV/EBITDA
11.63
P/E
20.49
EV/Sales
4.50
Sector
Hotels, Restaurants and Leisure
Category
value
Churchill Downs Incorporated - $CHDN
CHDN: Kentucky Derby valued at only 6x 2026 EBITDA vs NFL franchises at 48x. 2025 results hurt by weather, pricing misstep & Liberation Day uncertainty. Management expects $15-20M incremental Derby EBITDA in 2026 from NBC deal, better weather, pricing fixes. At 20-40x EBITDA, stock could reach $125-200+ (45-130% upside). Aggressive $750M buyback shows mgmt conviction.
Read full article (5 min)