Churchill Downs Shares Owned By Institutions vs. Return On Asset
| CHDN Stock | USD 132.99 1.61 1.20% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.28 | 0.3232 |
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| Net Profit Margin | 0.18 | 0.1695 |
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| Operating Profit Margin | 0.24 | 0.2291 |
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| Pretax Profit Margin | 0.24 | 0.2282 |
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| Return On Assets | 0.0679 | 0.06 |
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| Return On Equity | 0.49 | 0.467 |
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For Churchill Downs profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Churchill Downs to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Churchill Downs Incorporated utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Churchill Downs's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Churchill Downs Incorporated over time as well as its relative position and ranking within its peers.
Churchill |
Churchill Downs' Revenue Breakdown by Earning Segment
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Is Churchill Downs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Churchill Downs. If investors know Churchill will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Churchill Downs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.47) | Dividend Share 0.382 | Earnings Share 4.52 | Revenue Per Share 33.286 | Quarterly Revenue Growth 0.056 |
The market value of Churchill Downs is measured differently than its book value, which is the value of Churchill that is recorded on the company's balance sheet. Investors also form their own opinion of Churchill Downs' value that differs from its market value or its book value, called intrinsic value, which is Churchill Downs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Churchill Downs' market value can be influenced by many factors that don't directly affect Churchill Downs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Churchill Downs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Churchill Downs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Churchill Downs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Churchill Downs Return On Asset vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Churchill Downs's current stock value. Our valuation model uses many indicators to compare Churchill Downs value to that of its competitors to determine the firm's financial worth. Churchill Downs Incorporated is number one stock in shares owned by institutions category among related companies. It is number one stock in return on asset category among related companies . The ratio of Shares Owned By Institutions to Return On Asset for Churchill Downs Incorporated is about 1,401 . As of the 28th of May 2024, Return On Assets is likely to grow to 0.07. Comparative valuation analysis is a catch-all model that can be used if you cannot value Churchill Downs by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Churchill Downs' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Churchill Downs' earnings, one of the primary drivers of an investment's value.Churchill Return On Asset vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Churchill Downs |
| = | 79.28 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Churchill Downs |
| = | 0.0566 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Churchill Return On Asset Comparison
Churchill Downs is currently under evaluation in return on asset category among related companies.
Churchill Downs Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Churchill Downs, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Churchill Downs will eventually generate negative long term returns. The profitability progress is the general direction of Churchill Downs' change in net profit over the period of time. It can combine multiple indicators of Churchill Downs, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -810 K | -850.5 K | |
| Operating Income | 564 M | 592.2 M | |
| Income Before Tax | 561.8 M | 589.9 M | |
| Total Other Income Expense Net | 236.8 M | 248.6 M | |
| Net Income | 417.3 M | 438.2 M | |
| Income Tax Expense | 144.5 M | 151.7 M | |
| Net Income Applicable To Common Shares | 505.3 M | 530.6 M | |
| Net Income From Continuing Ops | 417.3 M | 438.2 M | |
| Non Operating Income Net Other | 499.4 M | 524.4 M | |
| Interest Income | 18.3 M | 15.7 M | |
| Net Interest Income | -268.4 M | -255 M | |
| Change To Netincome | -52.4 M | -49.8 M | |
| Net Income Per Share | 5.55 | 5.83 | |
| Income Quality | 1.45 | 2.31 | |
| Net Income Per E B T | 0.74 | 0.63 |
Churchill Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Churchill Downs. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Churchill Downs position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Churchill Downs' important profitability drivers and their relationship over time.
Use Churchill Downs in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Churchill Downs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Churchill Downs will appreciate offsetting losses from the drop in the long position's value.Churchill Downs Pair Trading
Churchill Downs Incorporated Pair Trading Analysis
The ability to find closely correlated positions to Churchill Downs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Churchill Downs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Churchill Downs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Churchill Downs Incorporated to buy it.
The correlation of Churchill Downs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Churchill Downs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Churchill Downs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Churchill Downs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Churchill Downs position
In addition to having Churchill Downs in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Trending Equities. Note that the Churchill Downs information on this page should be used as a complementary analysis to other Churchill Downs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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When running Churchill Downs' price analysis, check to measure Churchill Downs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Churchill Downs is operating at the current time. Most of Churchill Downs' value examination focuses on studying past and present price action to predict the probability of Churchill Downs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Churchill Downs' price. Additionally, you may evaluate how the addition of Churchill Downs to your portfolios can decrease your overall portfolio volatility.
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To fully project Churchill Downs' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Churchill Downs at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Churchill Downs' income statement, its balance sheet, and the statement of cash flows.