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Codere Online Luxembourg, S.A.

CDRO Consumer Cyclical Gambling

Codere Online Luxembourg, S.A.’s revenue for fiscal 2025 (year ended December 2025) was $238.1 million, up 9.61% from fiscal 2024.

8.50 0.45 −5.03%
Market cap
$387.0M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
4.30
Beneish M
−3.43
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.21
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — 5 — — 1 — —
Insider Ownership 66.97%

Capital & Financial Ratios $m

Size
Market Cap 386.95
Revenue ttm 186.40
Net income ttm 8.15
Free cash flow ttm 33.05
Net debt Q (84.50)
Valuation
P/E 0.00
Forward P/E —
Price / sales 0.00
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.00
Financial health
Current ratio Q 1.47
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 0.00
Growth
Revenue growth Q +232.74% (above 0%: growing)
Operating income growth Q −0.11% (below 0%: shrinking)
EPS, this year +3,244.92% (at or above 15%: strong)
EPS, next year A +69.84% (at or above 15%: strong)
Revenue, next year A +20.14% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +31.80% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is −0.4×, against a ten-year median of −0.3×; over the ten years it ranged from −0.4× in 2026 to 0.2× in 2023.

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 56 58 67 85
Receivables 15 10 9 14
Inventory — — — —
Other — — — —
71 68 76 98
2023 2024 2025 Q'26
Payables 51 45 53 63
ST’ Debt 6 4 2 —
Other — — — —
56 49 56 67

Compound Annual Growth %

10y 5y 3y
Sales — 24.26% 24.97%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 7.63%

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 0.03
’24 — — — — 0.09
’23 — — — — (0.05)
’22 — — — — (1.08)
’20 — — — — (0.37)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 238
’24 — — — — 217
’23 — — — — 175
’22 — — — — 122
’21 — — — — 95
’20 — — — — 80
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — 11 — 19 19
’24 — 0 — 4 4
’23 — — — — (13)
’22 — — — — (45)
’21 — — — 0 (1)
’21 0 0 0 — (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — 11 — 19 19
’24 — 0 — 4 4
’23 — 0 — 0 (13)
’22 — — — — (45)
’21 — — — 0 (1)
’21 0 0 0 — (1)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — 69 80 95 122 175 217 238 186 +22.9% 286 303 304 +8.5%
Gross margin, % — — — 47.04 50.74 0.00 100.00 100.00 100.00 100.00 0.00 +53.0 pt
EBT — — — (18) 0 (2) 122 (10) 6 4 (4) n/m
EBT margin, % — — — (26.22) (0.11) (1.67) 100.00 (5.52) 2.68 1.57 (2.35) +27.8 pt
Net income — 0 — (18) 0 (2) 0 (10) 6 4 8 n/m
Per share, $
Per share, $ Revenue — — — 1.39 5.74 4.52 2.70 3.86 4.78 5.23 0.00 +24.8%
Earnings — — — (0.36) (0.01) (0.08) (1.08) (0.05) 0.10 0.03 (0.69) n/m
Cash flow — — — (0.03) 0.00 (0.03) (0.99) (0.28) 0.09 0.41 0.00 n/m
Capex — — — 0.00 0.00 0.00 0.00 (0.01) (0.01) 0.00 0.00 n/m
Free cash flow — — — (0.03) 0.00 (0.03) (0.99) (0.28) 0.09 0.41 0.00 n/m
Book value — — — (0.71) 0.36 (0.04) 0.58 0.51 0.58 0.71 0.00 n/m
Shares, m — — — 50 14 21 45 45 45 45 — (1.5%)
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/B — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales — — — 0.00 0.00 0.00 0.23 (0.27) (0.27) (0.32) (0.41) (0.1)
EV/FCF — — — 0.00 0.00 (49.85) (49.85) 2.37 (16.56) (1.79) (2.30) (16.5)
Cash, $m
Cash, $m Operating cash flow — — — (1) 0 (1) (45) (13) 4 19 34 n/m
Capex — — — 0 0 0 0 0 0 0 (1) +2.3%
Free cash flow — — — (1) 0 (1) (45) (13) 4 19 33 n/m
Balance, $m
Balance, $m Working capital — — — (13) 1 (1) 27 14 19 21 32 n/m
Net debt — — — 49 47 0 (52) (50) (51) (65) (85) n/m
Shareholders’ equity — — — (35) 5 (1) 26 23 26 32 45 n/m
Returns, %
Returns, % ROA — — — (73.01) (0.10) (1.26) (77.92) (2.55) 5.27 1.70 0.00 +74.7 pt
ROIC — — — 0.00 (0.10) 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — — — 0.00 0.58 169.82 (389.28) (10.66) 17.17 4.98 0.00 +5.0 pt
People
People Employees — — — — — 3 — 297 325 369 — +233.0%
Revenue/emp, $m — — — 0.00 0.00 0.00 0.00 0.59 0.67 0.65 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · fundamentals updated 2 Nov 2026

Codere Online Luxembourg, S.A. vs peers in Gambling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RSI Rush Street Interactive, Inc. $2.7B 24.3× 30.9× +38.84% (above 0%: growing) +313.00% (above 0%: growing) +90.25% (above 0%: growing) 36.39% 11.05% Compare
BRSL Brightstar Lottery $1.8B 7.7× 17.2× −7.45% (below 0%: shrinking) n/m −719.07% (below 0%: shrinking) 46.92% 19.69% Compare
ACEL Accel Entertainment, Inc. $1.1B 17.6× 16.1× +10.27% (above 0%: growing) +57.13% (above 0%: growing) +79.67% (above 0%: growing) 31.38% 7.92% Compare
CDRO Codere Online Luxembourg, S.A. $387.0M — (loss-making) — +232.74% (above 0%: growing) +94.12% (above 0%: growing) +7,111.62% (above 0%: growing) 47.71% 0.00%
MRDN Meridian Holdings, Inc. $116.3M — (loss-making) 13.4× +16.07% (above 0%: growing) n/m +260.25% (above 0%: growing) 53.50% 4.86% Compare
INSE Inspired Entertainment, Inc. $92.3M — (loss-making) 8.6× −24.28% (below 0%: shrinking) n/m −193.33% (below 0%: shrinking) 79.93% 16.28% Compare
ROLR HIGH ROLLER TEC $33.0M 7.0× — −51.58% (below 0%: shrinking) n/m −316.65% (below 0%: shrinking) 57.64% (87.97%) Compare
GRSD Grandstand Limited $29.3M — (loss-making) 10.6× −4.62% (below 0%: shrinking) n/m −95.77% (below 0%: shrinking) 84.29% (3.10%) Compare
BRAG Bragg Gaming Group Inc. $25.3M — (loss-making) — (loss-making) −10.09% (below 0%: shrinking) n/m +160.34% (above 0%: growing) 51.72% (8.48%) Compare
Median of peers $104.3M 12.6× 14.8× −6.03% — −8.05% 52.61% 6.39%

All 15 Gambling stocks →

Codere Online Luxembourg, S.A. (CDRO) Latest News

21 Oct

Impact 4 · · GlobeNewswire

10 Sep

Impact 4 ·

31 Jul

Impact 4 · · Moby transcript
Impact 4 · · GlobeNewswire

30 Jul

Impact 4 · transcript
Impact 4 ·
Impact 3 · · MarketBeat transcript

11 Jun

Impact 3 ·

7 May

Impact 4 · · MarketBeat
Impact 4 · · GlobeNewswire
Impact 3 · · Moby

25 Mar

Impact 4 · · Moby

16 Mar

Impact 3 · · 24/7 Wall St.

4 Mar

Impact 3 · · GlobeNewswireMarketBeatRetail Banker InternationalMT NewswiresProactiveSimply Wall St.ProactiveInsider Monkey

27 Feb

Impact 4 · · Moby

26 Feb

Impact 4 · · MarketBeat
Impact 4 ·

19 Feb

Impact 4 · · GlobeNewswire

20 Dec

Impact 3 · · The Motley Fool

17 Dec

Impact 3 · · The Motley Fool

17 Nov

Impact 4 · · GuruFocus.comGuruFocus.comStockStoryStockStoryGuruFocus.comGuruFocus.comStockStory
Impact 4 · · GlobeNewswire
Impact 3 · · GlobeNewswire

9 Oct

Impact 4 · · Simply Wall St.

2 Sep

Impact 3 ·

29 Aug

Impact 3 · · Simply Wall St.

2 Aug

Impact 4 · · Simply Wall St.

1 Aug

Impact 3 · · GuruFocus.com transcript

14 Jul

Impact 4 · · GlobeNewswire

10 Jul

Impact 3 · · GlobeNewswire
stockrow.com/CDRO · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com