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CHDN

Churchill Downs Incorporated

Consumer Cyclical · $5.2B market cap

Verdict

Share price

$76.05

close of Oct 3, 2026

Fair value

$112.23

Sticker Price

Payback Price

$44.89

buy price

Undervalued

CHDN is Undervalued: at $76.05 it trades 32% below its fair value of $112.23. Its buy price (Payback Price) is $44.89, 41% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth19.1% a year✓
Equity per share growth4.3% a year✗
Sales growth11.0% a year✓
Free cash flow growth6.2% a year✗
Return on invested capital7.5%✗

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Insider activity

Since Jun 30, 2026: no open-market purchases and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Other filings

GRISSOM DOUGLAS C

director · 2026-06-30

Award

383.48 shares

About Churchill Downs Incorporated

Churchill Downs Incorporated (CDI) is a leading U.S. entertainment enterprise focused on horse racing, online wagering, and general gaming activities. Its extensive operations are categorized into three main divisions: Live and Historical Racing, TwinSpires, and Gaming. As of December 31, 2021, CDI's portfolio included three pari-mutuel gaming venues in Kentucky, collectively featuring approximately 3,050 historical…

Gambling, Resorts & Casinos

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works