Rush Street Interactive Inc (RSI) is overvalued and Super Group (SGHC) Limited (SGHC) is undervalued.
Against our estimates of intrinsic value, SGHC trades at the wider discount: a margin of safety of +28%, against -119% for RSI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 12.2% (average of 3 methods) values the shares at $9.69; the price of $21.22 is 119% above that value, and 68% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 10.2% (average of 3 methods) values the shares at $17.12; the price of $12.35 is 28% below that value, and 73% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | RSI | SGHC |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $21.22 | $12.35 |
| Intrinsic value | $9.69 | $17.12 |
| Margin of safety | -119% | +28% |
| Leak Score | 59/100 (3/12) | 100/100 (3/12) |
| Market cap | $4.9B | $6.3B |
| Revenue growth, 5 years | 32.4% | 16.6% |
| Operating margin | 10.1% | 21.3% |
| Net margin | 2.3% | 15.2% |
| Return on equity | 20.7% | 49.4% |
| Debt to equity | 0.08 | 0.13 |
| P/E | 71.6x | 17.0x |
| Forward P/E | 25.3x | 12.6x |
| P/B | 13.2x | 7.5x |
| Dividend yield | — | 1.6% |