WallStSmart

Meridian Holdings Inc (MRDN)vsSGHC Limited (SGHC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SGHC Limited generates 1123% more annual revenue ($2.33B vs $190.24M). SGHC leads profitability with a 10.5% profit margin vs -45.9%. SGHC earns a higher WallStSmart Score of 58/100 (C).

MRDN

Avoid

31

out of 100

Grade: F

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

SGHC

Buy

58

out of 100

Grade: C

Growth: 8.7Profit: 8.5Value: 5.3Quality: 6.8
Piotroski: 4/9

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

SGHC5 strengths · Avg: 8.6/10
Return on EquityProfitability
31.8%10/10

Every $100 of equity generates 32 in profit

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

Operating MarginProfitability
20.1%8/10

Strong operational efficiency at 20.1%

Revenue GrowthGrowth
18.4%8/10

18.4% revenue growth

EPS GrowthGrowth
46.1%8/10

Earnings expanding 46.1% YoY

Areas to Watch

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

SGHC2 concerns · Avg: 4.0/10
P/E RatioValuation
29.2x4/10

Moderate valuation

Price/BookValuation
9.5x4/10

Trading at 9.5x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : MRDN

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

Bull Case : SGHC

The strongest argument for SGHC centers on Return on Equity, Debt/Equity, Operating Margin. Revenue growth of 18.4% demonstrates continued momentum.

Bear Case : MRDN

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

Bear Case : SGHC

The primary concerns for SGHC are P/E Ratio, Price/Book.

Key Dynamics to Monitor

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

SGHC is growing revenue faster at 18.4% — sustainability is the question.

SGHC generates stronger free cash flow (89M), providing more financial flexibility.

Monitor GAMBLING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SGHC scores higher overall (58/100 vs 31/100) and 18.4% revenue growth. Both earn "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.

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.

SGHC Limited

CONSUMER CYCLICAL · GAMBLING · USA

Super Group (SGHC) Limited is an online sports betting and gaming operator. The company is headquartered in Saint Peter Port, Guernsey.

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