Symbols / CDRO Stock $9.12 +1.33% Codere Online Luxembourg, S.A.

Consumer Cyclical • Gambling • Luxembourg • NCM
CDRO (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Gambling
CEO Mr. Aviv Sher
Exch · Country NCM · Luxembourg
Market Cap 415.46M
Enterprise Value 362.62M
Income 1.29M
Sales 210.41M
FCF (ttm) 14.88M
Book/sh 0.74
Cash/sh 1.10
Employees —
Insider 10d —
IPO Jan 27, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 304.00
Forward P/E 21.51
PEG —
P/S 1.97
P/B 12.26
P/C —
EV/EBITDA 61.89
EV/Sales 1.72
Quick Ratio 1.14
Current Ratio 1.37
Debt/Eq 13.68
LT Debt/Eq —
EPS (ttm) 0.03
EPS next Y 0.42
EPS Growth 15.80%
Revenue Growth 6.60%
EPS Gr Q/Q 6.70%
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2022-09-01
ROA 4.61%
ROE 4.89%
ROIC —
Gross Margin 88.12%
Oper. Margin 2.60%
Profit Margin 0.61%
Shs Outstand 45.39M
Shs Float 14.86M
Insider Own 66.98%
Instit Own 12.28%
Short Float 2.40%
Short Ratio 25.56
Short Interest 361.18K
52W High 9.72
vs 52W High -6.17%
52W Low 5.18
vs 52W Low 76.06%
Beta 0.44
Impl. Vol. —
Rel Volume 1.14
Avg Volume 19.23K
Volume 21.90K
Target (mean) $12.00
Tgt Median $12.00
Tgt Low $10.00
Tgt High $14.00
# Analysts 3
Recom Buy
Prev Close $9.00
Price $9.12
Change 1.33%
About

Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, Colombia, Panama, Argentina, and internationally. It offers online casino games available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo, as well as online casino through its website and mobile applications; and online sports betting and other bets under the Codere brand. The company is headquartered in Luxembourg, Luxembourg.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.00
Mean price target
2. Current target
$9.12
Latest analyst target
3. DCF / Fair value
$5.90
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.12
Low
$10.00
High
$14.00
Mean
$12.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-26 main Stifel Hold → Hold $9
2026-01-30 down Stifel Buy → Hold $9
2025-11-18 main Stifel Buy → Buy $9
2024-12-30 reit Stifel Buy → Buy $10
2024-07-11 init Craig-Hallum — → Buy $10
2024-05-16 main Stifel Buy → Buy $9
2024-03-01 main Stifel Buy → Buy $8
2022-02-22 init Noble Capital Markets — → Outperform $10
2022-01-04 init Stifel — → Buy $10
News
RSS: Latest CDRO news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
210.41
+4.83%
200.70
+24.16%
161.65
+39.66%
115.75
Operating Revenue
209.87
+4.59%
200.65
+24.14%
161.64
+39.65%
115.75
Cost Of Revenue
8.32
+7.67%
7.73
+23.14%
6.28
+29.65%
4.84
Reconciled Cost Of Revenue
8.85
+10.97%
7.97
+26.99%
6.28
+29.65%
4.84
Gross Profit
202.08
+4.72%
192.97
+24.20%
155.37
+40.09%
110.90
Operating Expense
196.34
+4.08%
188.64
+10.89%
170.12
+2.00%
166.78
Selling General And Administration
173.24
+3.53%
167.33
+9.87%
152.29
-0.87%
153.63
Selling And Marketing Expense
85.50
+0.17%
85.36
+13.61%
75.13
-15.03%
88.41
General And Administrative Expense
87.75
+7.04%
81.97
+6.23%
77.17
+18.31%
65.22
Salaries And Wages
25.00
+33.11%
18.78
+7.72%
17.44
+13.96%
15.30
Other Gand A
62.71
-0.39%
62.96
+6.34%
59.20
+19.85%
49.40
Other Operating Expenses
1.16
+9.81%
1.06
-25.98%
1.43
+35.22%
1.06
Total Expenses
204.67
+4.22%
196.37
+11.32%
176.40
+2.78%
171.62
Operating Income
5.74
+32.49%
4.33
+129.35%
-14.75
+73.59%
-55.88
Total Operating Income As Reported
5.74
+32.49%
4.33
+129.35%
-14.75
+73.59%
-55.88
EBITDA
6.38
+35.26%
4.72
+132.23%
-14.64
+73.54%
-55.32
Normalized EBITDA
8.86
+112.05%
4.18
+122.39%
-18.65
+72.42%
-67.63
Reconciled Depreciation
0.12
-17.12%
0.15
+28.07%
0.11
-79.50%
0.56
EBIT
5.74
+32.49%
4.33
+129.35%
-14.75
+73.59%
-55.88
Total Unusual Items
-2.47
-555.25%
0.54
-86.46%
4.01
-67.41%
12.31
Total Unusual Items Excluding Goodwill
-2.47
-555.25%
0.54
-86.46%
4.01
-67.41%
12.31
Special Income Charges
3.25
-63.86%
8.99
+141.73%
3.72
+64.19%
2.27
Other Special Charges
-3.25
+63.86%
-8.99
-141.73%
-3.72
-64.19%
-2.27
Restructuring And Mergern Acquisition
—
—
0.00
0.00
Net Income
1.29
-66.94%
3.91
+261.69%
-2.42
+94.79%
-46.38
Pretax Income
3.31
-38.35%
5.37
+160.17%
-8.93
+79.44%
-43.41
Net Non Operating Interest Income Expense
0.05
-90.76%
0.50
-72.56%
1.81
+1094.08%
0.15
Interest Expense Non Operating
—
—
—
12.64
Net Interest Income
0.05
-90.76%
0.50
-72.56%
1.81
+1094.08%
0.15
Interest Expense
—
—
—
12.64
Interest Income Non Operating
0.34
-43.28%
0.60
-66.78%
1.81
+1962.50%
0.09
Interest Income
0.34
-43.28%
0.60
-66.78%
1.81
+1962.50%
0.09
Other Income Expense
-2.47
-555.25%
0.54
-86.46%
4.01
-67.41%
12.31
Gain On Sale Of Security
-5.72
+32.27%
-8.45
-2992.81%
0.29
-97.09%
10.04
Tax Provision
2.02
+37.96%
1.46
+122.45%
-6.51
-319.44%
2.97
Tax Rate For Calcs
0.00
-41.21%
0.00
+9.12%
0.00
+46.71%
0.00
Tax Effect Of Unusual Items
-0.40
-367.64%
0.15
-85.23%
1.00
-52.19%
2.09
Net Income Including Noncontrolling Interests
1.29
-66.88%
3.91
+261.90%
-2.42
+94.79%
-46.38
Net Income From Continuing Operation Net Minority Interest
1.29
-66.94%
3.91
+261.69%
-2.42
+94.79%
-46.38
Net Income From Continuing And Discontinued Operation
1.29
-66.94%
3.91
+261.69%
-2.42
+94.79%
-46.38
Net Income Continuous Operations
1.29
-66.88%
3.91
+261.90%
-2.42
+94.79%
-46.38
Minority Interests
-0.00
-50.00%
-0.00
+0.00%
-0.00
-300.00%
0.00
Normalized Income
3.37
-4.11%
3.51
+164.72%
-5.43
+90.41%
-56.60
Net Income Common Stockholders
1.29
-66.94%
3.91
+261.69%
-2.42
+94.79%
-46.38
Diluted EPS
0.03
-62.50%
0.08
+260.00%
-0.05
+95.15%
-1.03
Basic EPS
0.03
-66.67%
0.09
+280.00%
-0.05
+95.15%
-1.03
Basic Average Shares
45.50
+0.03%
45.48
+0.46%
45.27
+0.34%
45.12
Diluted Average Shares
45.89
-0.39%
46.07
+1.76%
45.27
+0.34%
45.12
Diluted NI Availto Com Stockholders
1.29
-66.94%
3.91
+261.69%
-2.42
+94.79%
-46.38
Amortization
0.00
-100.00%
0.01
0.00
-100.00%
0.48
Amortization Of Intangibles Income Statement
0.00
-100.00%
0.01
0.00
-100.00%
0.48
Depreciation Amortization Depletion Income Statement
0.65
+66.24%
0.39
+240.35%
0.11
-79.50%
0.56
Depreciation And Amortization In Income Statement
0.65
+66.24%
0.39
+240.35%
0.11
-79.50%
0.56
Depreciation Income Statement
0.65
+70.63%
0.38
+231.58%
0.11
+42.50%
0.08
Other Taxes
21.29
+7.20%
19.86
+22.00%
16.28
+41.22%
11.53
Rent And Landing Fees
0.03
-86.32%
0.23
-55.68%
0.53
+0.38%
0.53
Rent Expense Supplemental
0.03
-86.32%
0.23
-55.68%
0.53
+0.38%
0.53
Total Other Finance Cost
0.30
+181.90%
0.10
—
-0.06
Line Item Trend 2025-12-31
Total Assets
80.86
Current Assets
67.48
Cash Cash Equivalents And Short Term Investments
59.64
Cash And Cash Equivalents
49.98
Other Short Term Investments
9.66
Receivables
6.33
Accounts Receivable
0.85
Gross Accounts Receivable
0.95
Allowance For Doubtful Accounts Receivable
-0.10
Other Receivables
0.07
Taxes Receivable
5.41
Prepaid Assets
1.51
Total Non Current Assets
13.38
Net PPE
2.44
Gross PPE
3.66
Accumulated Depreciation
-1.23
Machinery Furniture Equipment
0.89
Other Properties
2.77
Goodwill And Other Intangible Assets
—
Other Intangible Assets
—
Investments And Advances
—
Non Current Deferred Assets
10.94
Non Current Deferred Taxes Assets
10.94
Other Non Current Assets
—
Total Liabilities Net Minority Interest
52.16
Current Liabilities
49.28
Payables And Accrued Expenses
32.86
Payables
29.92
Accounts Payable
22.41
Current Accrued Expenses
2.94
Total Tax Payable
7.50
Current Debt And Capital Lease Obligation
2.31
Current Debt
1.81
Other Current Borrowings
1.81
Current Capital Lease Obligation
0.50
Other Current Liabilities
14.11
Total Non Current Liabilities Net Minority Interest
2.88
Long Term Debt And Capital Lease Obligation
1.61
Long Term Debt
—
Long Term Capital Lease Obligation
1.61
Non Current Deferred Liabilities
1.26
Non Current Deferred Taxes Liabilities
1.26
Stockholders Equity
28.55
Common Stock Equity
28.55
Capital Stock
45.64
Common Stock
45.64
Share Issued
45.64
Ordinary Shares Number
45.25
Treasury Shares Number
0.39
Additional Paid In Capital
106.92
Retained Earnings
-145.64
Gains Losses Not Affecting Retained Earnings
21.62
Minority Interest
0.15
Other Equity Adjustments
21.62
Total Equity Gross Minority Interest
28.70
Total Capitalization
28.55
Working Capital
18.20
Invested Capital
30.35
Total Debt
3.93
Capital Lease Obligations
2.12
Net Tangible Assets
28.55
Tangible Book Value
28.55
Derivative Product Liabilities
0.00
Investmentin Financial Assets
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
16.51
+318.67%
3.94
+134.05%
-11.58
+72.66%
-42.36
Cash Flow From Continuing Operating Activities
16.51
+318.67%
3.94
+134.05%
-11.58
+72.66%
-42.36
Net Income From Continuing Operations
3.31
-38.35%
5.37
+160.17%
-8.93
+79.44%
-43.41
Depreciation Amortization Depletion
0.12
-17.12%
0.15
+28.07%
0.11
-79.50%
0.56
Depreciation
0.12
-11.03%
0.14
+19.30%
0.11
+42.50%
0.08
Amortization Cash Flow
0.00
-100.00%
0.01
0.00
-100.00%
0.48
Depreciation And Amortization
0.12
-17.12%
0.15
+28.07%
0.11
-79.50%
0.56
Amortization Of Intangibles
0.00
-100.00%
0.01
0.00
-100.00%
0.48
Other Non Cash Items
-2.77
+70.03%
-9.25
-67.08%
-5.53
-115.67%
-2.57
Provisionand Write Offof Assets
6.03
+224.43%
1.86
-17.28%
2.25
-36.18%
3.52
Deferred Tax
—
0.00
0.00
+100.00%
-0.06
Deferred Income Tax
—
0.00
0.00
+100.00%
-0.06
Operating Gains Losses
5.72
-32.27%
8.45
+2992.81%
-0.29
+97.09%
-10.04
Gain Loss On Investment Securities
0.69
-64.00%
1.93
+200.94%
-1.91
+54.69%
-4.21
Unrealized Gain Loss On Investment Securities
—
—
—
-4.21
Net Foreign Currency Exchange Gain Loss
5.03
-22.89%
6.52
+302.90%
1.62
+127.76%
-5.83
Change In Working Capital
6.65
+1328.65%
-0.54
-126.60%
2.03
-80.69%
10.53
Change In Receivables
5.28
+147.33%
2.14
+123.04%
-9.27
-135.55%
-3.94
Changes In Account Receivables
5.28
+147.33%
2.14
+123.04%
-9.27
-135.55%
-3.94
Change In Payables And Accrued Expense
1.36
+150.95%
-2.68
-123.68%
11.30
-21.88%
14.47
Change In Payable
1.36
+150.95%
-2.68
-123.68%
11.30
-21.88%
14.47
Change In Account Payable
1.36
+150.95%
-2.68
-123.68%
11.30
-21.88%
14.47
Investing Cash Flow
-0.09
+66.80%
-0.26
-4.49%
-0.24
-49.39%
-0.16
Cash Flow From Continuing Investing Activities
-0.09
+66.80%
-0.26
-4.49%
-0.24
-49.39%
-0.16
Net PPE Purchase And Sale
-0.09
+66.80%
-0.26
-4.49%
-0.24
-49.39%
-0.16
Purchase Of PPE
-0.09
+66.80%
-0.26
-4.49%
-0.24
-49.39%
-0.16
Capital Expenditure
-0.09
+66.80%
-0.26
-4.49%
-0.24
-49.39%
-0.16
Net Investment Purchase And Sale
—
—
0.00
0.00
Purchase Of Investment
—
—
0.00
0.00
Financing Cash Flow
-4.58
-124.05%
-2.04
-253.53%
1.33
0.00
Cash Flow From Continuing Financing Activities
-4.58
-124.05%
-2.04
-253.53%
1.33
0.00
Net Issuance Payments Of Debt
-2.03
-4.70%
-1.94
-245.64%
1.33
0.00
Issuance Of Debt
—
—
1.33
0.00
Repayment Of Debt
-2.03
-4.70%
-1.94
0.00
0.00
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
-0.47
-139.09%
-0.20
0.00
0.00
Net Long Term Debt Issuance
-0.47
-139.09%
-0.20
0.00
0.00
Short Term Debt Issuance
—
—
1.33
0.00
Short Term Debt Payments
-1.56
+10.52%
-1.74
—
—
Net Short Term Debt Issuance
-1.56
+10.52%
-1.74
-230.83%
1.33
0.00
Net Common Stock Issuance
-2.36
0.00
0.00
—
Common Stock Payments
-2.36
0.00
0.00
—
Cash Dividends Paid
0.00
0.00
0.00
0.00
Repurchase Of Capital Stock
-2.36
0.00
0.00
—
Net Other Financing Charges
—
—
—
—
Changes In Cash
11.85
+620.24%
1.65
+115.67%
-10.49
+75.32%
-42.52
Effect Of Exchange Rate Changes
-2.17
+16.97%
-2.62
-28.55%
-2.04
-243.21%
1.42
Beginning Cash Position
40.31
-2.35%
41.28
-23.29%
53.81
-43.31%
94.91
End Cash Position
49.98
+24.01%
40.31
-2.35%
41.28
-23.29%
53.81
Free Cash Flow
16.42
+345.43%
3.69
+131.18%
-11.82
+72.19%
-42.52
Interest Paid CFF
-0.19
-79.05%
-0.10
0.00
0.00
Taxes Refund Paid
-2.55
-21.83%
-2.09
-71.56%
-1.22
-38.48%
-0.88
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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