WallStSmart

Bragg Gaming Group Inc (BRAG)vsChurchill Downs Incorporated (CHDN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Churchill Downs Incorporated generates 2804% more annual revenue ($2.99B vs $103.03M). CHDN leads profitability with a 13.8% profit margin vs -7.5%. CHDN earns a higher WallStSmart Score of 65/100 (B-).

BRAG

Hold

39

out of 100

Grade: F

Growth: 6.0Profit: 2.0Value: 5.0Quality: 4.5
Piotroski: 2/9Altman Z: 0.62

CHDN

Strong Buy

65

out of 100

Grade: B-

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

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for BRAG.

CHDNUndervalued (+71.1%)

Margin of Safety

+71.1%

Fair Value

$328.19

Current Price

$81.91

$246.28 discount

UndervaluedFair: $328.19Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BRAG3 strengths · Avg: 9.7/10
Price/BookValuation
0.5x10/10

Reasonable price relative to book value

EPS GrowthGrowth
309.5%10/10

Earnings expanding 309.5% YoY

Debt/EquityHealth
0.119/10

Conservative balance sheet, low leverage

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

Areas to Watch

BRAG4 concerns · Avg: 2.5/10
Market CapQuality
$41.63M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Return on EquityProfitability
-12.0%2/10

ROE of -12.0% — below average capital efficiency

Revenue GrowthGrowth
-12.2%2/10

Revenue declined 12.2%

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

Comparative Analysis Report

WallStSmart Research

Bull Case : BRAG

The strongest argument for BRAG centers on Price/Book, EPS Growth, Debt/Equity.

Bull Case : CHDN

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

Bear Case : BRAG

The primary concerns for BRAG are Market Cap, Piotroski F-Score, Return on Equity.

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.

Key Dynamics to Monitor

BRAG profiles as a turnaround stock while CHDN is a value play — different risk/reward profiles.

CHDN carries more volatility with a beta of 0.67 — expect wider price swings.

CHDN is growing revenue faster at 4.9% — sustainability is the question.

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

Bottom Line

CHDN scores higher overall (65/100 vs 39/100). 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.

Bragg Gaming Group Inc

CONSUMER CYCLICAL · GAMBLING · USA

Bragg Gaming Group Inc. provides global business-to-business online gaming solutions. The company is headquartered in Toronto, Canada.

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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