WallStSmart

Brightstar Lottery PLC (BRSL)vsChurchill Downs Incorporated (CHDN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Churchill Downs Incorporated generates 17% more annual revenue ($2.93B vs $2.51B). CHDN leads profitability with a 13.1% profit margin vs 5.9%. CHDN earns a higher WallStSmart Score of 55/100 (C-).

BRSL

Hold

47

out of 100

Grade: D+

Growth: 2.7Profit: 6.0Value: 5.0Quality: 3.0
Piotroski: 4/9Altman Z: 0.92

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

Intrinsic value data unavailable for BRSL.

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

BRSL2 strengths · Avg: 8.0/10
Price/BookValuation
2.8x8/10

Reasonable price relative to book value

Operating MarginProfitability
26.2%8/10

Strong operational efficiency at 26.2%

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

BRSL4 concerns · Avg: 3.0/10
Revenue GrowthGrowth
2.6%4/10

2.6% revenue growth

Return on EquityProfitability
7.4%3/10

ROE of 7.4% — below average capital efficiency

Profit MarginProfitability
5.9%3/10

5.9% margin — thin

EPS GrowthGrowth
-70.6%2/10

Earnings declined 70.6%

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 : BRSL

The strongest argument for BRSL centers on Price/Book, Operating Margin.

Bull Case : CHDN

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

Bear Case : BRSL

The primary concerns for BRSL are Revenue Growth, Return on Equity, Profit Margin. Debt-to-equity of 4.94 is elevated, increasing financial risk.

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

BRSL carries more volatility with a beta of 1.08 — expect wider price swings.

CHDN is growing revenue faster at 6.7% — 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 47/100). 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.

Brightstar Lottery PLC

CONSUMER CYCLICAL · GAMBLING · USA

Brightstar Lottery PLC provides lottery solutions in the United States, Italy, rest of Europe, and internationally. The company is headquartered in London, the United Kingdom.

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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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