Meridian Holdings Inc. (MRDN)

Consumer · NCM

$12.18+1.50% today

Price as at 1 Oct 2026, 09:30 UTC. Quotes are delayed.

Fundamentals

Market cap$170.81M
Revenue growth (YoY)+17.3%
Profit margin-45.9%
Return on equity-110.0%
52-week range$5.80 to $16.09

Valuation and ratings

Fair value estimate$5.40
Upside to fair value-55.7%
Analyst target (mean)$19.73
Analyst range$16.20 to $26.00
Analysts with price targets3
Consensus viewnone
Moat score43/100
Overall rating25/100, very low quality

Fair value: $5.40 (-55.7%), see how we got there

Meridian Holdings Inc. trades at $12.18, which is 56% above the $5.40 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.

Our moat model scores it 43 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

MRDN earnings and analyst estimates

EPS estimate, next year$1.19
Expected EPS growth+77.1%
Expected revenue growth+12.4%

Recommendation mix, 2 published ratings

2 buy0 hold0 sell

Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.

About Meridian Holdings Inc.

Meridian Holdings Inc., a business-to-business and business-to-consumer gaming technology company, provides casino, sportsbook, and competition products in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and gaming operations under various brands, including Meridianbet, Expanse Studios, MexPlay, R Kings Competitions, Classics For A Cause, and GMAG. Meridian Holdings Inc. is based in Las Vegas, Nevada.

Industry: GamblingEmployees: 1,200HQ: United States

Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.

MRDN peers

The largest companies in the same industry (Gambling), then in the same sector.

Every consumer company we cover is on the Consumer hub.

Common questions

Is Meridian Holdings Inc. (MRDN) undervalued?

Against our fair value estimate of $5.40, MRDN at $12.18 is 56% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.

Where does SteadyShares get its MRDN data?

Fundamentals for MRDN come from company filings and exchange data, as listed on NCM; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 09:30 UTC and is delayed. Our data quality score for this company is 83/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.

The full research page for MRDN, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.