WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Churchill Downs Incorporated generates 158% more annual revenue ($2.93B vs $1.13B). CHDN leads profitability with a 13.1% profit margin vs 2.9%. CHDN trades at a lower P/E of 16.3x. CHDN earns a higher WallStSmart Score of 55/100 (C-).

CHDN

Buy

55

out of 100

Grade: C-

Growth: 5.3Profit: 7.5Value: 7.3Quality: 3.5
Piotroski: 4/9Altman Z: 1.04

RSI

Hold

44

out of 100

Grade: D

Growth: 8.0Profit: 6.0Value: 3.0Quality: 6.8
Piotroski: 4/9Altman Z: 4.29
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CHDNSignificantly Overvalued (-163.5%)

Margin of Safety

-163.5%

Fair Value

$35.97

Current Price

$87.20

$51.23 premium

UndervaluedFair: $35.97Overvalued
RSISignificantly Overvalued (-710.4%)

Margin of Safety

-710.4%

Fair Value

$2.11

Current Price

$21.92

$19.81 premium

UndervaluedFair: $2.11Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

RSI3 strengths · Avg: 9.7/10
Revenue GrowthGrowth
88.8%10/10

Revenue surging 88.8% year-over-year

Altman Z-ScoreHealth
4.2910/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
29.5%9/10

Every $100 of equity generates 30 in profit

Areas to Watch

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

RSI4 concerns · Avg: 3.3/10
Price/BookValuation
14.9x4/10

Trading at 14.9x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
2.9%3/10

2.9% margin — thin

P/E RatioValuation
71.5x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : CHDN

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

Bull Case : RSI

The strongest argument for RSI centers on Revenue Growth, Altman Z-Score, Return on Equity. Revenue growth of 88.8% demonstrates continued momentum.

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.

Bear Case : RSI

The primary concerns for RSI are Price/Book, EPS Growth, Profit Margin. A P/E of 71.5x leaves little room for execution misses. Thin 2.9% 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 1.55 — expect wider price swings.

RSI is growing revenue faster at 88.8% — sustainability is the question.

RSI generates stronger free cash flow (69M), providing more financial flexibility.

Bottom Line

CHDN scores higher overall (55/100 vs 44/100). 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.

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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