COMP <GO>
CHDN vs LLYVK // EV/EBITDA & P/E VALUATION
Churchill Downs Incorporated (NASDAQ) VS. Liberty Live Holdings Inc. Series C Liberty Live Group (NASDAQ) • 15-METRIC TALLY: CHDN 8
— LLYVK 4
■ METRIC PARITY
LAST: $94.83 (+4.03%) • MKT CAP: $6.25B
valuation
14.0x
LAST: $104.37 (+0.94%) • MKT CAP: $9.51B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CHDN VS. LLYVK)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CHDN | LLYVK | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | 19.20% | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.20% | -5.40% | +14.60 | CHDN | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 14.0x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 4.88% | -0.49% | +5.37 | CHDN | /fcf-yield <GO> |
| Operating Margin | 23.40% | -13.50% | +36.90 | CHDN | /operating-margins <GO> |
| Net Profit Margin | 13.10% | -22.80% | +35.90 | CHDN | /net-margins <GO> |
| Revenue Growth (YoY) | 7.00% | 12.20% | -5.20 | LLYVK | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.49% | 0.00% | +0.49 | CHDN | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.42 | 1.96 | -0.54 | LLYVK | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 4/9 | +2.00 | CHDN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 63.9 | 61.0 | +2.90 | CHDN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.93 | 1.10 | -0.17 | LLYVK | /macro-sensitivity <GO> |
| Forward P/E Multiple | 15.2x | 19.0x | -3.80 | CHDN | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $6.25B | $9.51B | -$3.26B | LLYVK | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CHDN REV | LLYVK REV | CHDN GROSS % | LLYVK GROSS % | CHDN FCF | LLYVK FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.93B | $382.0M | — | 19.2% | — | -$46.6M |
| FY 2024 | $2.73B | $340.5M | — | 16.0% | — | -$40.6M |
| FY 2023 | $2.46B | — | — | — | — | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CHDN // BETA 0.93
LLYVK // BETA 1.10