CHDN vs SGHC vs CZR Stock Comparison

Churchill Downs, Super Group (SGHC) and Caesars Entertainment Prices as of Oct 29, 2026 Peers: Industry group
CHDN Churchill Downs Inc
$91.16 +19.7% 1M -9.4% 1Y
Market cap
$6.54B
P/E
14.4x
Revenue (TTM)
$3.00B
Div. yield
–
Casinos Consumer Discretionary
4 wins
SGHC Super Group (SGHC) Ltd
$10.73 -7.3% 1M -2.9% 1Y
Market cap
$5.39B
P/E
14.6x
Revenue (TTM)
$2.43B
Div. yield
–
Sports Betting Consumer Discretionary
6 wins

Head to Head

11 decided of 12

Super Group (SGHC) leads on 6 of the 12 questions below (Super Group (SGHC) 6, Churchill Downs 4, Caesars Entertainment 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCHDNSGHCCZRLeader
Larger companyMarket capitalisation $6.54B $5.39B $5.90B CHDN
Cheaper on earningsLower P/E, profitable companies only 14.4x 14.6x -11.1x CHDN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.0x 13.4x — CHDN
Faster revenue growthRevenue growth, trailing twelve months +4.2% +17.3% +3.1% SGHC
More profitableNet margin, trailing twelve months 15.1% 15.2% -4.5% SGHC
Better return on capitalReturn on invested capital 9.0% 39.5% 11.4% SGHC
Less leveragedLower net debt / EBITDA 4.5x -0.8x 3.3x SGHC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -9.4% -2.9% +55.5% CZR
Better 5-year returnAnnualised price return, 5 years -4.5%/yr -0.8%/yr -23.3%/yr SGHC
Less volatileAnnualised volatility, 1 year 35.8% 43.6% 40.5% CHDN
Higher overall scoreMean of the five percentile scores vs peers 48/100 87/100 49/100 SGHC

Percentile Scorecard

CHDNSGHCCZR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCHDNSGHCCZR
Valuation 59 #19 of 45 68 #15 of 45 91 #5 of 45
Growth 67 #15 of 43 100 #1 of 43 24 #33 of 43
Profitability 78 #10 of 42 100 #1 of 42 49 #22 of 42
Financial Health 21 #38 of 48 98 #2 of 48 38 #30 of 48
Shareholder Returns 15 #24 of 28 70 #9 of 28 41 #17 of 28
Overall 48 87 49
  • CHDN ranked among 48 companies in Gaming and Leisure
  • SGHC ranked among 48 companies in Gaming and Leisure
  • CZR ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCHDNSGHCCZRSPY
1 month +19.7%-7.3%-1.7% +0.7%
3 months +10.2%-23.8%-1.6% +3.7%
6 months -9.7%-17.2%+4.8% +7.1%
Year to date -19.9%-10.2%+24.5% +12.8%
1 year -9.4%-2.9%+55.5% +11.9%
3 years -16.4%+186.1%-27.3% +85.2%
3 years, per year -5.8%+42.0%-10.1% +22.8%
5 years -20.7%-4.1%-73.4% +67.6%
5 years, per year -4.5%-0.8%-23.3% +10.9%
10 years +303.7%—+140.7% +262.0%
10 years, per year +15.0%—+9.2% +13.7%

Risk

MeasureCHDNSGHCCZRSPY
Volatility, 1Y 35.8%43.6%40.5% 12.7%
Downside volatility, 1Y 34.3%42.5%32.7% 12.6%
Beta vs S&P 500, 1Y 0.470.620.57 1.00
Return / volatility, 1Y -0.26-0.071.37 0.94
Max drawdown, 5Y -50.4%-78.5%-83.8% -25.4%
From 52-week high -22.5%-31.1%-4.2% -1.2%
52-week high $117.59$15.58$30.41 $779.14
52-week low $73.95$8.52$18.14 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCHDNSGHCCZR
P/E now vs peer median 14.0xmedian 17.4x 14.7xmedian 17.4x -11.1xmedian 17.4x
P/S now vs peer median 2.1xmedian 1.9x 2.2xmedian 1.9x 0.5xmedian 1.9x
EV/EBITDA now vs peer median 10.8xmedian 10.8x 7.9xmedian 10.8x 5.2xmedian 10.8x
P/FCF now vs peer median 11.8xmedian 11.7x —median 11.7x 10.2xmedian 11.7x
P/B now vs peer median 4.5xmedian 2.5x 6.5xmedian 2.5x 1.7xmedian 2.5x
PEG now vs peer median 1.21median 0.55 0.21median 0.55 0.27median 0.55

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCHDNSGHCCZR
Revenue $3.00B $2.43B $11.72B
Gross profit $1.03B – $5.82B
Operating income $766.80M – $1.80B
Net income $455.50M $372.40M -$497.00M
Free cash flow $529.90M – $582.00M
EPS (diluted) $6.50 $0.73 $-2.61
Cash & equivalents $167.00M $548.00M $864.00M
Total debt $4.72B $26.00M $11.56B
Shares (diluted) 70.00M 507.84M 204.00M
Enterprise value $5.78B $3.45B $2.32B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCHDNSGHCCZR
P/E 14.0x 14.7x -11.1x
P/FCF 11.8x – 10.2x
P/Operating cash flow 8.3x – 4.8x
P/S 2.1x 2.2x 0.5x
P/B 4.5x 6.5x 1.7x
P/Tangible book -5.5x 10.7x -12.1x
EV/EBITDA 10.8x 7.9x 5.2x
EV/EBIT 14.1x 11.0x 9.2x
EV/Revenue 3.6x 2.0x 1.4x
EV/FCF 20.4x – 28.6x
EV/Operating cash flow 14.3x – 13.3x
PEG (3Y EPS CAGR) 1.21 0.21 0.27

Growth

14 metrics
MetricCHDNSGHCCZR
Revenue growth (1Y) 4.2% 17.3% 3.1%
Revenue CAGR (3Y) 8.1% 19.5% 0.6%
Gross profit growth (1Y) 6.2% – 1.9%
Gross profit CAGR (3Y) 10.2% – -2.1%
Operating income growth (1Y) 11.6% – -18.0%
Operating income CAGR (3Y) 17.8% – -9.4%
Net income growth (1Y) 12.4% 174.9% -140.1%
Net income CAGR (3Y) 8.1% 70.3% -39.0%
EPS growth (1Y) 14.3% 172.1% -124.4%
EPS CAGR (3Y) 11.6% 69.8% -40.9%
Operating cash flow growth (1Y) -6.1% – -4.7%
Operating cash flow CAGR (3Y) 8.9% – -11.9%
Free cash flow growth (1Y) 17.7% – 53.2%
Free cash flow CAGR (3Y) 110.1% – -5.7%

Profitability

14 metrics
MetricCHDNSGHCCZR
Gross margin 34.1% – 49.7%
EBITDA margin 33.3% 25.5% 27.4%
Operating margin 25.5% – 15.4%
Pretax margin 21.1% 18.3% -4.1%
Net margin 15.1% 15.2% -4.5%
FCF margin 17.6% – 5.0%
Operating cash flow margin 25.2% – 10.6%
Return on equity 33.6% 47.9% -13.3%
Return on assets 6.1% 28.7% -1.5%
Return on invested capital 9.0% 39.5% 11.4%
Return on capital employed 12.4% 35.6% 6.1%
Asset turnover 0.4x 1.9x 0.4x
Cash conversion (OCF / net income) 1.7x – -2.5x
Stock comp / revenue 1.0% 1.7% 0.8%

Financial Health

11 metrics
MetricCHDNSGHCCZR
Debt / assets 63.2% 1.9% 36.8%
Debt / equity 3.4x 0.0x 3.4x
Net debt / EBITDA 4.5x -0.8x 3.3x
Debt / FCF 8.9x – 19.9x
Liabilities / assets 81.5% 39.2% 89.0%
Equity / assets 18.5% 60.8% 11.0%
Interest coverage 2.7x 149.0x –
Current ratio 0.3x – 0.8x
Quick ratio 0.2x 17.8x 0.6x
Cash ratio 0.1x 13.0x 0.4x
Altman Z-score 1.47 – –

Shareholder Returns

7 metrics
MetricCHDNSGHCCZR
Dividend yield 0.5% 4.1% –
Net buyback yield 1.2% – 3.0%
Shareholder yield 1.7% 4.1% 3.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCHDNSGHCCZR
Forward P/E 13.0xFY2026 13.4xFY2026 –
EPS, next fiscal year $7.03FY2026 $0.80FY2026 $-1.01FY2026
EPS growth, next FY +14.7%FY2026 +86.0%FY2026 –
EPS growth, the year after -3.0% +23.7% –
Revenue, next fiscal year $3.17BFY2026 $2.52BFY2026 $11.36BFY2026
Revenue growth, next FY +8.2%FY2026 +14.5%FY2026 -1.1%FY2026
Revenue growth, the year after +1.4% +8.9% +9.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCHDNSGHCCZR
Held by institutions 85.5% 23.8% 96.6%
Institutions holding 464 196 416
Change in shares held, QoQ +7.5% +21.4% -4.0%
Institutions buying 240 118 208
Institutions selling 147 59 152
Buyers to sellers 1.63 2.00 1.37

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CHDNSGHCCZR
CHDN 1.00 0.24 0.16
SGHC 0.24 1.00 0.11
CZR 0.16 0.11 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CHDN, SGHC and CZR?

Churchill Downs (CHDN) is the largest by market capitalisation: Churchill Downs (CHDN) $6.54B, Super Group (SGHC) (SGHC) $5.39B, Caesars Entertainment (CZR) $5.90B.

Which stock is cheaper, CHDN, SGHC and CZR?

Churchill Downs (CHDN) trades on the lowest price-to-earnings ratio (Churchill Downs (CHDN) 14.4x, Super Group (SGHC) (SGHC) 14.6x, Caesars Entertainment (CZR) -11.1x). On next year's consensus earnings, Churchill Downs (CHDN) is cheapest (Churchill Downs (CHDN) 13.0x, Super Group (SGHC) (SGHC) 13.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Super Group (SGHC) (SGHC) grew revenue fastest over the trailing twelve months: Churchill Downs (CHDN) +4.2%, Super Group (SGHC) (SGHC) +17.3%, Caesars Entertainment (CZR) +3.1%.

Which company is more profitable?

Super Group (SGHC) (SGHC) has the highest net margin (Churchill Downs (CHDN) 15.1%, Super Group (SGHC) (SGHC) 15.2%, Caesars Entertainment (CZR) -4.5%). On return on invested capital, Super Group (SGHC) (SGHC) leads (Churchill Downs (CHDN) 9.0%, Super Group (SGHC) (SGHC) 39.5%, Caesars Entertainment (CZR) 11.4%).

Which stock has performed better?

Over the past year Caesars Entertainment (CZR) returned the most: Churchill Downs (CHDN) -9.4%, Super Group (SGHC) (SGHC) -2.9%, Caesars Entertainment (CZR) +55.5%. Over five years, Super Group (SGHC) (SGHC) compounded fastest (Churchill Downs (CHDN) -4.5%/yr, Super Group (SGHC) (SGHC) -0.8%/yr, Caesars Entertainment (CZR) -23.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Churchill Downs (CHDN) has been the steadiest (Churchill Downs (CHDN) 35.8%, Super Group (SGHC) (SGHC) 43.6%, Caesars Entertainment (CZR) 40.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CHDN, SGHC and CZR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Super Group (SGHC) (SGHC) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.