WallStSmart

Churchill Downs Incorporated (CHDN)vsRush Street Interactive Inc (RSI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Churchill Downs Incorporated generates 119% more annual revenue ($2.99B vs $1.37B). CHDN leads profitability with a 13.8% profit margin vs 2.3%. CHDN trades at a lower P/E of 14.6x. CHDN earns a higher WallStSmart Score of 65/100 (B-).

CHDN

Strong Buy

65

out of 100

Grade: B-

Growth: 6.0Profit: 8.0Value: 7.3Quality: 3.5
Piotroski: 4/9Altman Z: 1.00

RSI

Hold

46

out of 100

Grade: D+

Growth: 7.3Profit: 6.5Value: 4.3Quality: 7.5
Piotroski: 3/9Altman Z: 2.32
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CHDNUndervalued (+71.2%)

Margin of Safety

+71.2%

Fair Value

$329.48

Current Price

$83.86

$245.62 discount

UndervaluedFair: $329.48Overvalued
RSIUndervalued (+12.5%)

Margin of Safety

+12.5%

Fair Value

$30.56

Current Price

$26.43

$4.13 discount

UndervaluedFair: $30.56Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CHDN3 strengths · Avg: 9.3/10
Return on EquityProfitability
35.2%10/10

Every $100 of equity generates 35 in profit

Operating MarginProfitability
36.5%10/10

Strong operational efficiency at 36.5%

P/E RatioValuation
14.6x8/10

Attractively priced relative to earnings

RSI3 strengths · Avg: 9.7/10
Revenue GrowthGrowth
46.3%10/10

Revenue surging 46.3% year-over-year

Debt/EquityHealth
0.0810/10

Conservative balance sheet, low leverage

Return on EquityProfitability
23.3%9/10

Every $100 of equity generates 23 in profit

Areas to Watch

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

Expensive relative to growth rate

Revenue GrowthGrowth
4.9%4/10

4.9% revenue growth

Altman Z-ScoreHealth
1.002/10

Distress zone — elevated risk

Debt/EquityHealth
3.571/10

Elevated debt levels

RSI4 concerns · Avg: 3.0/10
Price/BookValuation
16.5x4/10

Trading at 16.5x book value

Profit MarginProfitability
2.3%3/10

2.3% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
87.2x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : CHDN

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

Bull Case : RSI

The strongest argument for RSI centers on Revenue Growth, Debt/Equity, Return on Equity. Revenue growth of 46.3% demonstrates continued momentum.

Bear Case : CHDN

The primary concerns for CHDN are PEG Ratio, Revenue Growth, Altman Z-Score. Debt-to-equity of 3.57 is elevated, increasing financial risk.

Bear Case : RSI

The primary concerns for RSI are Price/Book, Profit Margin, Piotroski F-Score. A P/E of 87.2x leaves little room for execution misses. Thin 2.3% margins leave little buffer for downturns.

Key Dynamics to Monitor

CHDN profiles as a value stock while RSI is a hypergrowth play — different risk/reward profiles.

RSI carries more volatility with a beta of 1.51 — expect wider price swings.

RSI is growing revenue faster at 46.3% — sustainability is the question.

CHDN generates stronger free cash flow (159M), providing more financial flexibility.

Bottom Line

CHDN scores higher overall (65/100 vs 46/100). Both earn "Strong 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.

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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Rush Street Interactive Inc

CONSUMER CYCLICAL · GAMBLING · USA

Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.

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