Churchill Downs and Woodford Reserve Renew Partnership for the 147th Kentucky Derby
January 13, 2023
Trending News 🌥️
Churchill Downs Stock Intrinsic Value – Churchill Downs ($NASDAQ:CHDN) Incorporated is a publicly traded company which operates the legendary Churchill Downs Racetrack. Located in Louisville, Kentucky, this racetrack is home to the world-famous Kentucky Derby and other renowned horse racing events. Today, Churchill Downs revealed that they have renewed their successful partnership with Woodford Reserve, the “Official Bourbon of the Kentucky Derby”, making them the Presenting Sponsor of the 147th Kentucky Derby taking place on Saturday, May 11, 2023. Since then, the two companies have worked together to create one of the most memorable experiences in horse racing.
Woodford Reserve has also been a major sponsor of the Kentucky Derby Festival, with the brand hosting special events around Derby weekend to get fans excited for the big race. As Presenting Sponsor of the 147th Kentucky Derby, Woodford Reserve will continue to be a part of the experience, offering exclusive experiences for racegoers and producing special commemorative bottles for the occasion. Both companies are committed to creating unique experiences for horse racing fans, and their partnership promises to produce unforgettable moments at the 147th Kentucky Derby.
Share Price
The news has been widely welcomed, with mostly positive sentiment. As a result, Churchill Downs stock opened at $219.9 and closed at $223.2, up by 1.6% from prior closing price of $219.7. Since then, the two companies have worked closely together to provide guests with a unique experience each year at the annual race. In addition to being the official bourbon partner of the Kentucky Derby, Woodford Reserve also sponsors the Woodford Reserve Turf Classic, one of the most prestigious stakes races on the Churchill Downs racing calendar.
This year, Woodford Reserve is also sponsoring a special new event at Churchill Downs—the Woodford Reserve Mint Julep Pop-Up Bar. These include a limited-edition Kentucky Derby bottle, as well as limited-edition bottles of Woodford Reserve Kentucky Straight Bourbon Whiskey featuring a Churchill Downs-inspired label. With exciting events and exclusive products, it’s no wonder why this news has been received so positively. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Churchill Downs. More…
| Total Revenues | Net Income | Net Margin |
| 1.69k | 481.7 | 17.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Churchill Downs. More…
| Operations | Investing | Financing |
| 493 | -152.2 | 966.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Churchill Downs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.67k | 4.06k | 16.38 |
Key Ratios Snapshot
Some of the financial key ratios for Churchill Downs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 16.8% | 46.0% |
| FCF Margin | ROE | ROA |
| 9.2% | 80.2% | 10.4% |
VI Analysis – Churchill Downs Stock Intrinsic Value
Churchill Downs, Inc. is a leading provider of pari-mutuel horseracing, online account wagering and casino gaming entertainment. The company’s fundamentals reflect its long-term potential and its current stock price is undervalued by 6%. According to the VI app, the fair value of CHURCHILL DOWNS’ share is estimated to be around $238.4, whereas its current stock price is traded at $223.2. This suggests that Churchill’s stock is currently undervalued and could provide an opportunity for investors to buy the stock at an attractive price. Investors should consider the company’s financials, its recent performance, and the industry in which it operates when making an investment decision. Churchill Downs has a diversified portfolio of operating businesses, including racing, gaming, and hospitality operations. Its strong balance sheet and low leverage provide a solid foundation for future growth. Additionally, the company has experienced strong revenue growth over the last several years due to improved performance of its core businesses. Investors should also consider the competitive landscape in which Churchill Downs operates. The company faces competition from other gaming and entertainment providers, as well as from online gambling sites. This means that Churchill must continually innovate in order to stay ahead of the competition. Additionally, the company must remain agile in order to capitalize on opportunities as they arise. Overall, Churchill Downs offers an attractive investment opportunity for investors looking for long-term growth. The company’s fundamentals suggest that its stock is currently undervalued and could provide an attractive entry point for investors looking to capitalize on potential upside. More…
VI Peers
It is headquartered in Louisville, Kentucky, United States. The company was founded in 1875 by Col. Meriwether Lewis Clark Jr. As of 2019, Churchill Downs Inc operates six horse racing facilities, including the world-renowned Churchill Downs Racetrack. The company also owns and operates the Kentucky Derby Museum and the Kentucky Oaks Museum. In addition to horse racing, Churchill Downs Inc also offers gaming and entertainment experiences through its subsidiaries, including Big Fish Casino, Fair Grounds Race Course & Slots, and Hawthorne Race Course.
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Summary
Churchill Downs Incorporated (CDI) is a publicly traded company that hosts the annual Kentucky Derby. The company operates racetracks, casinos, and online wagering platforms in North America. Investing in CDI can offer potential investors a unique opportunity to capitalize on the success of the annual event.
With a diversified portfolio, CDI offers investors protection from market volatility and the potential for long-term growth. As one of the most recognizable brands in the horse racing and gaming industry, CDI is well-positioned to continue to drive profits and returns for its investors.
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