Churchill Downs, Incorporated (CHDN) Dividends

CHDN Price Forecast Based on Dividend Discount Model

A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. As for CHDN, the DDM model, as implemented by StockNews, implies a negative return of 93.92% relative to its current price. Digging deeper, the aspects of Churchill Downs Inc's dividend discount model that we found most interesting were:

• In comparison to stocks we observe that provide shareholders with a dividend, CHDN offers a dividend yield in the bottom 0.3% of its fellow sector mates.
• In comparison to other US listed dividend yielding stocks in the Consumer Cyclical sector, the expected return of -93.92%, based on the stock's current share price and target price based on a dividend discount model, is greater than only 1.75% of the DDM-forecasted return of its its sector peers.
• Compared to all dividend issuing stocks in our set, Churchill Downs Inc bears a discount rate, according to our calculations, lower than only 1.75% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
• Beta is a measure of volatility relative to the stock market at large; for CHDN, its beta is lower than 5.96% of stocks in the small-sized revenue class.

CHDN Dividends vs. Peers