Brightstar Lottery PLC (BRSL) is undervalued and DraftKings Inc (DKNG) is overvalued.
Against our estimates of intrinsic value, BRSL trades at the wider discount: a margin of safety of +33%, against -239% for DKNG.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.7% (average of 3 methods) values the shares at $15.50; the price of $10.42 is 33% below that value, and 84% of that value comes from beyond year five.
Leak Score 56/100 on 2 of 12 signals
A 1.1x revenue multiple, discounted for its losses, values the shares at $6.44; the price of $21.80 is 239% above that value.
Leak Score 24/100 on 4 of 12 signals
| Metric | BRSL | DKNG |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $10.42 | $21.80 |
| Intrinsic value | $15.50 | $6.44 |
| Margin of safety | +33% | -239% |
| Leak Score | 56/100 (2/12) | 24/100 (4/12) |
| Market cap | $1.9B | $19.4B |
| Revenue growth, 5 years | -4.3% | 58.0% |
| Operating margin | 24.6% | -2.8% |
| Net margin | 6.9% | -2.7% |
| Return on equity | 15.7% | -21.1% |
| Debt to equity | 5.23 | 3.36 |
| P/E | 11.6x | — |
| Forward P/E | 13.7x | 25.1x |
| P/B | 2.3x | 19.0x |
| Dividend yield | 8.8% | — |