CDRO Consumer Cyclical

Codere Online Luxembourg, S.A.

$8.69+2.00%

Price as of close on Nov 3, 2026 · Financials updated Nov 2, 2026

Basics

Sector: Consumer Cyclical
Industry: Gambling
Country: Luxembourg
Market cap: 395.1M USD
Enterprise value: 327.1M USD
Full-time employees: 369

Overall health

Strength: lower risk than most peers: less debt relative to equitylower risk: less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
About average: growth

Ranks #1,079 of 1,502 consumer cyclical companies (bottom 29%)

See how it ranks against its peers

Worth knowing

Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from EUR 70M in 2020 to EUR 210M in 2025.
Codere Online Luxembourg's fiscal-year revenue rose in each of the five years to 2025, from EUR 70M to EUR 210M.

StockQuotient Score

40/ 100▲ 1 since Oct 27 close

Oct 5 39 → Nov 4 40 (+1)

Valuation

Is the price right?

14/100

Weak▲ 3 since Oct 27 close

2/3 inputs reported · Partial data

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 11 → 14

Peer companies moved+3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.2%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · EUR→USD at the current rateReported value30% base weight · Z-score -1.28Sector median: 0.0439 · MAD: 0.0329

EBITDA yield2.8%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · EUR→USD convertedReported value50% base weight · Z-score -1.30Sector median: 0.0877 · MAD: 0.0461

Free cash flow yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield4.1%

SEC filings (IFRS mapped) · latest balance sheet · EUR→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

49/100

Moderate

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 4.8%

Why

Mixed versus peers:

▲ 3-yr revenue
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-83.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.86Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth22.0%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 2.80Sector median: 0.0425 · MAD: 0.0636

Revenue growth4.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 0.17Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

26/100

Weak

2/3 inputs reported · Partial data

Since last year: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin2.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -0.79Sector median: 0.0638 · MAD: 0.0461

Return on assets1.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -0.67Sector median: 0.0331 · MAD: 0.0254

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin85.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity4.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 69 → 70

Company's reported figures updated+2
Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Debt / equity
▲ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.46

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.58Sector median: 0.6345 · MAD: 0.2980

Current ratio1.37×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.20Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.05×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 1.17Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Codere Online Luxembourg

Is Codere Online Luxembourg getting weaker?: Its latest SEC filing (Apr 28, 2026) showed no major changes. Its overall score is 40/100, up 1 since Oct 28, 2026.
How is Codere Online Luxembourg valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 14/100 against 1,612 consumer cyclical peers. EBITDA yield 2.8% vs a peer median of 8.8% (weaker than 82% of peers).EBITDA yield 2.8% vs peers 8.8% (weaker than 82% of peers).
Is Codere Online Luxembourg growing?: At about the same pace as its peers. Growth scores 49/100 against 1,612 consumer cyclical peers. 3-year revenue growth 22.0% vs a peer median of 4.3% (stronger than 90% of peers).3-year revenue growth 22.0% vs peers 4.3% (stronger than 90% of peers). Earnings per share growth -83.4% vs a peer median of 4.2% (weaker than 100% of peers).Earnings per share growth -83.4% vs peers 4.2% (weaker than 100% of peers).
How profitable is Codere Online Luxembourg?: Less profitable than most of its peers. Profitability scores 26/100 against 1,612 consumer cyclical peers. Operating margin 2.7% vs a peer median of 6.4% (weaker than 74% of peers).Operating margin 2.7% vs peers 6.4% (weaker than 74% of peers).
How risky is Codere Online Luxembourg?: Lower risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 0.05× vs a peer median of 0.46× (stronger than 88% of peers).Debt / equity 0.05× vs peers 0.46× (stronger than 88% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Apr 28, 2026 · compared with the year ended Dec 31, 2024

No major changes

	Previous year	Latest year	Change
Revenue (12 months)	200.7M EUR	210.4M EUR	+4.8%
Net income (12 months)	3.9M EUR	1.3M EUR	−66.9%
Operating margin	2.2%	2.7%	+0.6 pts
Cash	40.3M EUR	50.0M EUR	+24.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in EUR, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	72.0%	—	82.1%	84.1%	—	—
Operating margin	-88.5%	-48.3%	-9.1%	2.2%	2.7%	▲ 0.6 pts
Net margin	-84.8%	-40.1%	-1.5%	1.9%	0.6%	▼ 1.3 pts
Return on assets (ROA)	-64.7%	-66.9%	-3.3%	5.2%	1.6%	▼ 3.6 pts
Return on equity (ROE)	-100.1%	-190.1%	-11.4%	16.2%	4.5%	▼ 12 pts
Current ratio	3.31×	1.60×	1.25×	1.40×	1.37×	▼ 2.2%

CDRO price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: less debt relative to equitylower risk: less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

About average: growth

Ranks #1,079 of 1,502 consumer cyclical companies (bottom 29%)

See how it ranks against its peers

Worth knowing

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from EUR 70M in 2020 to EUR 210M in 2025.

Codere Online Luxembourg's fiscal-year revenue rose in each of the five years to 2025, from EUR 70M to EUR 210M.

Questions investors ask about Codere Online Luxembourg

Is Codere Online Luxembourg getting weaker?

Its latest SEC filing (Apr 28, 2026) showed no major changes. Its overall score is 40/100, up 1 since Oct 28, 2026.

How is Codere Online Luxembourg valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 14/100 against 1,612 consumer cyclical peers. EBITDA yield 2.8% vs a peer median of 8.8% (weaker than 82% of peers).EBITDA yield 2.8% vs peers 8.8% (weaker than 82% of peers).

Is Codere Online Luxembourg growing?

At about the same pace as its peers. Growth scores 49/100 against 1,612 consumer cyclical peers. 3-year revenue growth 22.0% vs a peer median of 4.3% (stronger than 90% of peers).3-year revenue growth 22.0% vs peers 4.3% (stronger than 90% of peers). Earnings per share growth -83.4% vs a peer median of 4.2% (weaker than 100% of peers).Earnings per share growth -83.4% vs peers 4.2% (weaker than 100% of peers).

How profitable is Codere Online Luxembourg?

Less profitable than most of its peers. Profitability scores 26/100 against 1,612 consumer cyclical peers. Operating margin 2.7% vs a peer median of 6.4% (weaker than 74% of peers).Operating margin 2.7% vs peers 6.4% (weaker than 74% of peers).

How risky is Codere Online Luxembourg?

Lower risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 0.05× vs a peer median of 0.46× (stronger than 88% of peers).Debt / equity 0.05× vs peers 0.46× (stronger than 88% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

200.7M EUR

210.4M EUR

+4.8%

Net income (12 months)

3.9M EUR

1.3M EUR

−66.9%

Operating margin

2.2%

2.7%

+0.6 pts

Cash

40.3M EUR

50.0M EUR

+24.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

72.0%

—

82.1%

84.1%

—

Operating margin

-88.5%

-48.3%

-9.1%

2.2%

2.7%

▲ 0.6 pts

Net margin

-84.8%

-40.1%

-1.5%

1.9%

0.6%

▼ 1.3 pts

Return on assets (ROA)

-64.7%

-66.9%

-3.3%

5.2%

1.6%

▼ 3.6 pts

Return on equity (ROE)

-100.1%

-190.1%

-11.4%

16.2%

4.5%

▼ 12 pts

Current ratio

3.31×

1.60×

1.25×

1.40×

1.37×

▼ 2.2%