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Company Analysis

Codere Online Luxembourg, S.A. CDRO

A comprehensive view of key metrics, scores, and financial health for Codere Online Luxembourg, S.A.

Overview of Codere Online Luxembourg, S.A.

CDRO NCM
Consumer Cyclical Gambling Framework: General Corporate Small Cap
Codere Online Luxembourg, S.A. (CDRO), is a Small Cap company, in the Gambling industry, last closed at $8.52, about 10.2% overvalued vs fair value, +49.7% 1Y return, ranked 252/548 in sector.
Metrics P/E 242.8× Rev Growth 4.8% ROE 4.9% Gross Margin 96.0% Div Yield 0.00%
USD 8.52
-1.50%
(Delayed)
• Vol 90d: 33.9%
52-Week Range
Market Cap
$387.40M
Enterprise Value
$320.49M
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Good
Valuation
Fair
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Good
Valuation
Fair
Completeness: 94%
Confidence: 93%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.codereonline.com
HQ Luxembourg
Employees 325
Fiscal year Dec 31

Next Events

Earnings Nov 16 Estimated

Fair Value Snapshot

Bear Base Bull
$7
$8
$9
Current: $8.52 -10% vs base

Engine Room Money Flow™

Small Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
EUR 210.4M
4.8%%
Gross Profit
EUR 202.1M
4.7%%
Operating Income
EUR 5.7M
32.5%%
Net Income
EUR 1.3M
-66.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio FY2025
12.7x

Operating Cash Flow / Net Income

FCF / Net Income — not a reliable quality signal when net income is near-zero (ratio is inflated by thin margins, not strong cash generation)

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

EUR 4.4M
26.7% of FCF

Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
0
Active Leaks
0/0
Improving
0
High Impact
0
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Codere Online Luxembourg, S.A.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
56
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Scale Supporting Profitability Profitability at scale is strong (score 0.79), demonstrating competitive advantages.
  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.93), suggesting sticky customer base.

Key risks

  • Volatile Margins Suggest Cyclicality Margin volatility is high (stability score 0.29), suggesting cyclical exposure or competitive pressure.
  • Inconsistent Cash Generation Cash generation is inconsistent (score 0.46), indicating operational challenges.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
42
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 95% Coverage
Trade-Off Triangle Visualization A ternary plot showing CDRO's balance between Growth (31.2%), Profitability (33.6%), and Safety (35.2%). Growth 31% Safety 35% Profitability 34%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

57th percentile vs peers
58
Key Signals
Revenue CAGR 3Y 22.0% 86p Rev Growth YoY 4.8% 54p TSR 24.5% 70p EPS Growth YoY -66.8% 21p
Strengths
  • Revenue CAGR 3Y in top 20% of peers (22.0%, 86th percentile)
  • Superior capital returns - 2 return metrics above peer median
  • Gross Profit Margin in top 20% of peers (96.0%, 98th percentile)
Risks

No significant risks identified for this axis.

Profitability

62th percentile vs peers
62
Key Signals
Strengths
Risks
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Safety

65th percentile vs peers
65
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Codere Online Luxembourg, S.A..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$7.65
- - -
-10.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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