Rush Street Interactive, Inc. (RSI)
Consumer Cyclical · NYQ · US
Fundamentals
Valuation and ratings
Rush Street Interactive, Inc. trades at USD32.80, which is 59% above the USD13.40 our discounted cash flow model 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 58 out of 100, which is a moat, but not a deep one. 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.
It changes hands at 101.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Rush Street Interactive, Inc.
Rush Street Interactive, Inc. operates as an online casino and sports betting company in the United States, Canada, and Latin America. The company provides real-money online casinos, online and retail sports betting, and social gaming services. It also offers full suite of games comprising bricks-and-mortar casinos, such as table games, slot machines, and poker games. The company offers its products under BetRivers, PlaySugarHouse, and RushBet brands. Rush Street Interactive, Inc. was founded in 2012 and is headquartered in Chicago, Illinois.
RSI passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Smart money ownership
5 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Marshall Wace, MARSHALL WACE, LLP$92.40M · 0.1% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$60.12M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$55.78M · 0.1% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$49.70M · 0.1% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$30.19M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Rush Street Interactive, Inc. (RSI) undervalued?
Against our discounted cash flow estimate of USD13.40, RSI at USD32.80 is 59% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own RSI?
5 of the institutions we track reported a position in RSI in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is RSI's P/E ratio?
RSI trades at 101.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for RSI, 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.