WallStSmart

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

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Smart Verdict

WallStSmart Research — data-driven comparison

Churchill Downs Incorporated generates 120% more annual revenue ($2.93B vs $1.33B). CHDN leads profitability with a 13.1% profit margin vs 3.9%. CHDN trades at a lower P/E of 16.3x. CHDN earns a higher WallStSmart Score of 55/100 (C-).

ACEL

Buy

54

out of 100

Grade: C-

Growth: 8.0Profit: 6.0Value: 8.3Quality: 6.0
Piotroski: 4/9Altman Z: 2.23

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

ACELUndervalued (+60.5%)

Margin of Safety

+60.5%

Fair Value

$28.08

Current Price

$11.26

$16.82 discount

UndervaluedFair: $28.08Overvalued
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

ACEL1 strengths · Avg: 10.0/10
EPS GrowthGrowth
109.3%10/10

Earnings expanding 109.3% YoY

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

ACEL4 concerns · Avg: 2.3/10
Market CapQuality
$908.63M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
3.9%3/10

3.9% margin — thin

Free Cash FlowQuality
$-42.73M2/10

Negative free cash flow — burning cash

Debt/EquityHealth
2.261/10

Elevated debt levels

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 : ACEL

The strongest argument for ACEL centers on EPS Growth.

Bull Case : CHDN

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

Bear Case : ACEL

The primary concerns for ACEL are Market Cap, Profit Margin, Free Cash Flow. Debt-to-equity of 2.26 is elevated, increasing financial risk. Thin 3.9% 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

ACEL carries more volatility with a beta of 1.07 — expect wider price swings.

ACEL is growing revenue faster at 7.5% — 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 54/100). ACEL offers better value entry with a 60.5% margin of safety. Both earn "Buy" and "Buy" 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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