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Consumer Cyclical - Gambling, Resorts & Casinos - NASDAQ - LU
$ 8.47
1.44 %
$ 387 M
Market Cap
94.11
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one CDRO stock under the worst case scenario is HIDDEN Compared to the current market price of 8.47 USD, Codere Online Luxembourg, S.A. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one CDRO stock under the base case scenario is HIDDEN Compared to the current market price of 8.47 USD, Codere Online Luxembourg, S.A. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one CDRO stock under the best case scenario is HIDDEN Compared to the current market price of 8.47 USD, Codere Online Luxembourg, S.A. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CDRO

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$8.5$8.5$8.0$8.0$7.5$7.5$7.0$7.0$6.5$6.5$6.0$6.020252025Feb '25Feb '25Mar '25Mar '25Apr '25Apr '25May '25May '25Jun '25Jun '25Jul '25Jul '25
FINANCIALS
116 M REVENUE
44.23%
-55.9 M OPERATING INCOME
21.33%
-43.4 M NET INCOME
35.25%
-42.4 M OPERATING CASH FLOW
-715.81%
-164 K INVESTING CASH FLOW
-97.59%
0 FINANCING CASH FLOW
0.00%
51.1 M REVENUE
0.00%
814 K OPERATING INCOME
0.00%
-126 K NET INCOME
-0.00%
-118 K OPERATING CASH FLOW
-0.00%
-101 K INVESTING CASH FLOW
-0.00%
-111 K FINANCING CASH FLOW
-0.00%
Balance Sheet Codere Online Luxembourg, S.A.
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Current Assets 68.3 M
Cash & Short-Term Investments 53.8 M
Receivables 4.21 M
Other Current Assets 10.3 M
Non-Current Assets 983 K
Long-Term Investments 2 K
PP&E 200 K
Other Non-Current Assets 781 K
77.64 %6.07 %14.87 %Total Assets$69.3m
Current Liabilities 42.8 M
Accounts Payable 23.8 M
Short-Term Debt 4.24 M
Other Current Liabilities 14.7 M
Non-Current Liabilities 2.01 M
Long-Term Debt 710 K
Other Non-Current Liabilities 1.3 M
53.15 %9.48 %32.88 %2.90 %Total Liabilities$44.8m
EFFICIENCY
Earnings Waterfall Codere Online Luxembourg, S.A.
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Revenue 116 M
Cost Of Revenue 4.84 M
Gross Profit 111 M
Operating Expenses 167 M
Operating Income -55.9 M
Other Expenses -12.5 M
Net Income -43.4 M
120m120m100m100m80m80m60m60m40m40m20m20m00(20m)(20m)(40m)(40m)(60m)(60m)116m(5m)111m(167m)(56m)12m(43m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
95.82% GROSS MARGIN
95.82%
-48.27% OPERATING MARGIN
-48.27%
-40.07% NET MARGIN
-40.07%
-190.08% ROE
-190.08%
-66.92% ROA
-66.92%
-193.83% ROIC
-193.83%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Codere Online Luxembourg, S.A.
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5m5m00(5m)(5m)(10m)(10m)(15m)(15m)(20m)(20m)(25m)(25m)(30m)(30m)(35m)(35m)(40m)(40m)(45m)(45m)20202020Jul '20Jul '2020212021Jul '21Jul '2120222022Jul '22Jul '2220232023
Net Income -43.4 M
Depreciation & Amortization 556 K
Capital Expenditures -164 K
Stock-Based Compensation 0
Change in Working Capital -3.94 K
Others -9.97 M
Free Cash Flow -42.5 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Codere Online Luxembourg, S.A.
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Wall Street analysts predict an average 1-year price target for CDRO of $10 , with forecasts ranging from a low of $10 to a high of $10 .
CDRO Lowest Price Target Wall Street Target
10 USD 18.06%
CDRO Average Price Target Wall Street Target
10 USD 18.06%
CDRO Highest Price Target Wall Street Target
10 USD 18.06%
Price
Max Price Target
Min Price Target
Average Price Target
1010101099998888777766Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Codere Online Luxembourg, S.A.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Codere Online Announces 2025 Annual General Meeting of Shareholders Luxembourg, Grand Duchy of Luxembourg, June 9, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”), a leading online gaming operator in Spain and Latin America, today announced that its 2025 Annual General Meeting of Shareholders (“AGM”) will be held on June 30, 2025 at 3:00 PM CET at the registered office of the Company. globenewswire.com - 3 weeks ago
Codere Online Regains Compliance with Nasdaq Listing Requirements Luxembourg, Grand Duchy of Luxembourg, June 6, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”), a leading online gaming operator in Spain and Latin America, today announced that it has received formal notification from the Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) and that the Company is therefore in compliance with the Nasdaq Capital Market's listing requirements. As a result, the Company's securities will continue to be listed and traded on the Nasdaq Capital Market and are no longer subject to a delisting process. globenewswire.com - 1 month ago
Codere Online: Turning Positive As Listing Concerns Are Resolved (Rating Upgrade) The annual reports for 2023 and 2024 have been filed, thereby eliminating the delisting risk. Constant currency growth in Mexico was 34% in Q1, while reported growth in Euros was only 15% due to the weaker Mexican Peso. Currency headwinds should ease going forward, helping top-line growth accelerate to double digits. seekingalpha.com - 1 month ago
Codere Online Announces Filing of 2024 Annual Report on Form 20-F Luxembourg, Grand Duchy of Luxembourg, June 2, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”), a leading online gaming operator in Spain and Latin America, today announced that it has filed with the U.S. Securities and Exchange Commission (“SEC”) its annual report on form 20-F for the year ended December 31, 2024 (the “2024 20-F”). globenewswire.com - 1 month ago
Codere Online Receives Delisting Notice from Nasdaq and Submits Appeal Luxembourg, Grand Duchy of Luxembourg, May 22, 2025 - (GLOBE NEWSWIRE) Codere Online Luxembourg, S.A. (“Codere Online” or the “Company”) (Nasdaq: CDRO / CDROW), today announced that, on May 16, 2025, it received a staff determination letter (the "Letter"), from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company of the determination from the Nasdaq Staff (the "Staff") to delist the Company's securities from The Nasdaq Stock Market, given the Company had not filed its Form 20-F for the year ended December 31, 2024 (the “2024 Form 20-F”) in accordance with continued Listing Rule 5250(c)(1) (the “Public Reports Rule”). globenewswire.com - 1 month ago
Codere Online presents Rayados' jersey for the FIFA Club World Cup 2025 Mexico City/Madrid, May 19, 2025 - (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW), a leading online gaming operator in Spain and Latin America, has launched the commemorative jersey that will accompany Club de Futbol Monterrey at the 2025 Club World Cup. This special edition kit comes as part of the Club's 80th Anniversary celebrations. globenewswire.com - 1 month ago
Codere Online Luxembourg, S.A. (CDRO) Q1 2025 Earnings Call Transcript Codere Online Luxembourg, S.A. (NASDAQ:CDRO ) Q1 2025 Earnings Conference Call May 16, 2025 8:30 AM ET Company Participants Guillermo Lancha - Head, Investor Relations Aviv Sher - Chief Executive Officer Oscar Iglesias - Chief Financial Officer Moshe Edree - Executive Vice Chairman Conference Call Participants Jeffrey Stantial - Stifel Michael Kupinski - Noble Ryan Sigdahl - Craig-Hallum Arthur Roulac - Three Court Operator Thank you for standing by, and welcome to the Codere Online First Quarter 2025 Results Conference Call. seekingalpha.com - 1 month ago
Codere Online Reports Financial Results for the First Quarter 2025 Madrid, Spain and Tel Aviv, Israel, May 16, 2025 – (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW, the “Company”), a leading online gaming operator in Spain and Latin America, has released its preliminary unaudited3 financial results for the quarter ended March 31, 2025. globenewswire.com - 1 month ago
Codere Online Files 2023 Annual Report on Form 20-F and to Release Q1-25 Earnings on May 16th Luxembourg, Grand Duchy of Luxembourg, May 1, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”), a leading online gaming operator in Spain and Latin America, today announced that it has filed with the U.S. Securities and Exchange Commission (“SEC”) its annual report on form 20-F for the year ended December 31, 2023 (the “2023 20-F”) within the extension period granted by the Nasdaq Hearings Panel. globenewswire.com - 2 months ago
Codere Online Luxembourg, S.A. (CDRO) Q4 2024 Earnings Call Transcript Codere Online Luxembourg, S.A. (NASDAQ:CDRO ) Q4 2024 Earnings Call Transcript February 20, 2025 8:30 AM ET Company Participants Guillermo Lancha - Head of Investor Relations Aviv Sher - Chief Executive Officer Oscar Iglesias - Chief Financial Officer Conference Call Participants Jeffrey Stantial - Stifel Ryan Sigdahl - Craig-Hallum Capital Group Michael Kupinski - Noble Capital Markets Operator Good morning and welcome to Codere Online Fourth Quarter 2024 Results Conference Call. seekingalpha.com - 4 months ago
Codere Online Reports Financial Results for the Fourth Quarter and Full Year 2024 Madrid, Spain and Tel Aviv, Israel, February 20, 2025 – (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW, the “Company”), a leading online gaming operator in Spain and Latin America, has released its preliminary unaudited4 financial results for the quarter and year ended December 31, 2024. globenewswire.com - 4 months ago
Codere Online Granted Listing Extension by Nasdaq and to Release Q4-24 Earnings on February 20th Luxembourg, Grand Duchy of Luxembourg, February 13, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”), a leading online gaming operator in Spain and Latin America, today announced that, by letter received on February 12, 2025, the Nasdaq Hearings Panel (the "Panel") of The Nasdaq Stock Market LLC ("Nasdaq") has determined to grant the Company's request to continue its listing on Nasdaq, subject to the Company filing its annual report on Form 20-F for the year ended December 31, 2023 (the “2023 Annual Report”) on or before May 12, 2025. globenewswire.com - 4 months ago
8. Profile Summary

Codere Online Luxembourg, S.A. CDRO

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COUNTRY LU
INDUSTRY Gambling, Resorts & Casinos
MARKET CAP $ 387 M
Dividend Yield 0.00%
Description Codere Online Luxembourg, S.A. operates as an online casino gaming and sports betting company. The company also offers online casino wagering products and services. It primarily operates in Spain, Italy, Mexico, Colombia, Panama, and Argentina. The company is based in Luxembourg, Luxembourg.
Contact 7 rue Robert Stümper, Luxembourg City, 2557 https://www.codereonline.com
IPO Date Jan. 27, 2021
Employees 297
Officers Mr. Oscar Iglesias Chief Financial Officer Ms. Amalia López Chief Accounting Officer Mr. Matan Shemesh Chief of Growth & Strategy Ms. Yaiza Rodriguez General Counsel & Secretary of the Board Mr. Aviv Sher Chief Executive Officer Mr. Alberto Telias Chief Marketing Officer Mr. Moshe Edree Executive Vice Chairman of the Board Ms. Deborah Guivisdalsky Chief Operating Officer Mr. Guillermo Lancha Director of Investor Relations