WallStSmart

Accel Entertainment Inc (ACEL)vsChurchill Downs Incorporated (CHDN)

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Smart Verdict

WallStSmart Research — data-driven comparison

Churchill Downs Incorporated generates 117% more annual revenue ($2.95B vs $1.36B). CHDN leads profitability with a 13.2% profit margin vs 3.8%. CHDN trades at a lower P/E of 16.0x. CHDN earns a higher WallStSmart Score of 61/100 (C+).

ACEL

Hold

46

out of 100

Grade: D+

Growth: 6.0Profit: 6.0Value: 6.3Quality: 6.0
Piotroski: 4/9Altman Z: 2.15

CHDN

Buy

61

out of 100

Grade: C+

Growth: 6.0Profit: 7.5Value: 7.3Quality: 3.5
Piotroski: 4/9Altman Z: 1.00
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ACELUndervalued (+24.2%)

Margin of Safety

+24.2%

Fair Value

$14.64

Current Price

$12.06

$2.58 discount

UndervaluedFair: $14.64Overvalued
CHDNUndervalued (+71.6%)

Margin of Safety

+71.6%

Fair Value

$333.65

Current Price

$86.92

$246.73 discount

UndervaluedFair: $333.65Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ACEL0 strengths · Avg: 0/10

No standout strengths identified

CHDN3 strengths · Avg: 8.7/10
Return on EquityProfitability
35.2%10/10

Every $100 of equity generates 35 in profit

P/E RatioValuation
16.0x8/10

Attractively priced relative to earnings

Operating MarginProfitability
21.7%8/10

Strong operational efficiency at 21.7%

Areas to Watch

ACEL4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$991.37M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
3.8%3/10

3.8% margin — thin

Debt/EquityHealth
2.181/10

Elevated debt levels

CHDN4 concerns · Avg: 2.8/10
PEG RatioValuation
1.694/10

Expensive relative to growth rate

Revenue GrowthGrowth
3.1%4/10

3.1% revenue growth

Altman Z-ScoreHealth
1.002/10

Distress zone — elevated risk

Debt/EquityHealth
4.501/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : ACEL

ACEL has a balanced fundamental profile.

Bull Case : CHDN

The strongest argument for CHDN centers on Return on Equity, P/E Ratio, Operating Margin.

Bear Case : ACEL

The primary concerns for ACEL are EPS Growth, Market Cap, Profit Margin. Debt-to-equity of 2.18 is elevated, increasing financial risk. Thin 3.8% margins leave little buffer for downturns.

Bear Case : CHDN

The primary concerns for CHDN are PEG Ratio, Revenue Growth, Altman Z-Score. Debt-to-equity of 4.50 is elevated, increasing financial risk.

Key Dynamics to Monitor

ACEL carries more volatility with a beta of 1.04 — expect wider price swings.

ACEL is growing revenue faster at 8.5% — sustainability is the question.

CHDN generates stronger free cash flow (236M), providing more financial flexibility.

Monitor GAMBLING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

CHDN scores higher overall (61/100 vs 46/100). ACEL offers better value entry with a 24.2% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Accel Entertainment Inc

CONSUMER CYCLICAL · GAMBLING · USA

Accel Entertainment, Inc., is a distributed games operator in the United States. The company is headquartered in Burr Ridge, Illinois.

Churchill Downs Incorporated

CONSUMER CYCLICAL · GAMBLING · USA

Churchill Downs Incorporated is a gaming, online betting and racing entertainment company in the United States. The company is headquartered in Louisville, Kentucky.

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