WallStSmart

Churchill Downs Incorporated (CHDN)vsMeridian Holdings Inc (MRDN)

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Smart Verdict

WallStSmart Research — data-driven comparison

Churchill Downs Incorporated generates 1473% more annual revenue ($2.99B vs $190.24M). CHDN leads profitability with a 13.8% profit margin vs -45.9%. CHDN earns a higher WallStSmart Score of 68/100 (B-).

CHDN

Strong Buy

68

out of 100

Grade: B-

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

MRDN

Avoid

31

out of 100

Grade: F

Growth: 7.3Profit: 3.0Value: 5.0Quality: 4.0
Piotroski: 3/9Altman Z: -1.26
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CHDNUndervalued (+71.6%)

Margin of Safety

+71.6%

Fair Value

$333.41

Current Price

$83.47

$249.94 discount

UndervaluedFair: $333.41Overvalued

Intrinsic value data unavailable for MRDN.

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
14.3x8/10

Attractively priced relative to earnings

MRDN2 strengths · Avg: 8.0/10
Price/BookValuation
2.9x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
17.3%8/10

17.3% revenue growth

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
4.501/10

Elevated debt levels

MRDN4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$139.30M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-110.0%2/10

ROE of -110.0% — below average capital efficiency

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 : MRDN

The strongest argument for MRDN centers on Price/Book, Revenue Growth. Revenue growth of 17.3% demonstrates continued momentum.

Bear Case : CHDN

The primary concerns for CHDN are PEG Ratio, Revenue Growth, Altman Z-Score. Debt-to-equity of 4.50 is elevated, increasing financial risk.

Bear Case : MRDN

The primary concerns for MRDN are EPS Growth, Market Cap, Piotroski F-Score.

Key Dynamics to Monitor

CHDN profiles as a value stock while MRDN is a growth play — different risk/reward profiles.

MRDN carries more volatility with a beta of 1.36 — expect wider price swings.

MRDN is growing revenue faster at 17.3% — sustainability is the question.

CHDN generates stronger free cash flow (236M), providing more financial flexibility.

Bottom Line

CHDN scores higher overall (68/100 vs 31/100). Both earn "Strong 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.

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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Meridian Holdings Inc

CONSUMER CYCLICAL · GAMBLING · USA

Attis Industries, Inc., provides non-hazardous solid waste collection, transfer, and disposal services. The company is headquartered in Atlanta, Georgia.

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