WallStSmart

Codere Online US Corp (CDRO)vsChurchill Downs Incorporated (CHDN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Churchill Downs Incorporated generates 1358% more annual revenue ($2.93B vs $200.70M). CHDN leads profitability with a 13.1% profit margin vs 1.9%. CHDN trades at a lower P/E of 16.3x. CHDN earns a higher WallStSmart Score of 55/100 (C-).

CDRO

Avoid

34

out of 100

Grade: F

Growth: 6.7Profit: 5.5Value: 3.0Quality: 5.0

CHDN

Buy

55

out of 100

Grade: C-

Growth: 5.3Profit: 7.5Value: 7.3Quality: 3.5
Piotroski: 4/9Altman Z: 1.04
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CDROSignificantly Overvalued (-1206.6%)

Margin of Safety

-1206.6%

Fair Value

$0.61

Current Price

$8.18

$7.57 premium

UndervaluedFair: $0.61Overvalued
CHDNSignificantly Overvalued (-163.5%)

Margin of Safety

-163.5%

Fair Value

$35.97

Current Price

$87.20

$51.23 premium

UndervaluedFair: $35.97Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CDRO0 strengths · Avg: 0/10

No standout strengths identified

CHDN2 strengths · Avg: 9.0/10
Return on EquityProfitability
35.7%10/10

Every $100 of equity generates 36 in profit

P/E RatioValuation
16.3x8/10

Attractively priced relative to earnings

Areas to Watch

CDRO4 concerns · Avg: 3.5/10
Price/BookValuation
15.4x4/10

Trading at 15.4x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$247.83M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
1.9%3/10

1.9% margin — thin

CHDN4 concerns · Avg: 2.3/10
PEG RatioValuation
1.574/10

Expensive relative to growth rate

EPS GrowthGrowth
-25.2%2/10

Earnings declined 25.2%

Altman Z-ScoreHealth
1.042/10

Distress zone — elevated risk

Debt/EquityHealth
4.931/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : CDRO

Revenue growth of 13.3% demonstrates continued momentum.

Bull Case : CHDN

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

Bear Case : CDRO

The primary concerns for CDRO are Price/Book, EPS Growth, Market Cap. A P/E of 60.3x leaves little room for execution misses. Thin 1.9% margins leave little buffer for downturns.

Bear Case : CHDN

The primary concerns for CHDN are PEG Ratio, EPS Growth, Altman Z-Score. Debt-to-equity of 4.93 is elevated, increasing financial risk.

Key Dynamics to Monitor

CHDN carries more volatility with a beta of 0.66 — expect wider price swings.

CDRO is growing revenue faster at 13.3% — sustainability is the question.

CHDN generates stronger free cash flow (16M), providing more financial flexibility.

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

Bottom Line

CHDN scores higher overall (55/100 vs 34/100). Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Codere Online US Corp

CONSUMER CYCLICAL · GAMBLING · USA

Codere Online Luxembourg, SA, operator of online games and sports betting in Latin America. The company is headquartered in Luxembourg.

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.

Visit Website →

Want to dig deeper into these stocks?