Churchill Downs is a racing, online wagering and gaming entertainment company. Co. owns and operates three pari-mutuel gaming entertainment venues with historical racing machines in Kentucky. Co. manages its operations via three segments: Live and Historical Racing, which includes live and historical pari-mutuel racing related revenue and expenses at Churchill Downs Racetrack, Derby City Gaming, Oak Grove, Turfway Park, and Newport; TwinSpires, which includes online horse racing and the online and retail sports betting and iGaming wagering business; and Gaming, which includes casino properties and associated racetrack or jai alai facilities which support the casino license as applicable. We show 58 historical shares outstanding datapoints in our CHDN shares outstanding history coverage, used to compute CHDN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CHDN market cap history over the course of time is important for investors
interested in comparing CHDN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CHDN versus a peer is one thing; comparing
CHDN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CHDN can fluctuate over the course of history.
With this page we aim to empower investors researching CHDN by allowing them to research the CHDN market cap history. |
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Video: The Importance of Market Cap
