Codere Online Luxembourg, S.A. (CDRO) AI Stock Analysis
CDRO AI stock analysis summary
AI ResearchCodere Online Luxembourg, S.A. (NASDAQ: CDRO) is a digital entertainment company focused on online casino gaming and sports betting across Latin America and Europe. The company expanded revenue to $210.4M in FY2025 and reached $229.8M over the trailing twelve months while turning profitable. It maintains a strong net cash position of $71.0M as of June 30, 2026, alongside trailing twelve month return on equity of 34.1%.
- Market cap
- $429.7M
- Revenue (TTM)
- $229.8M
- P/E
- 36.3x fwd 14.6x
- 1Y return
- 44.1% S&P 500 16.8%
- Avg. target
- $12.67 34.0% vs last close
Bull case
- Revenue expanded at a 5-year CAGR of 24.4% through FY2025, reaching $229.8M over the trailing twelve months.
- The balance sheet carries $71.0M in net cash with just $1.9M of total debt as of June 30, 2026.
- Free cash flow generation rose sharply to $16.4M in FY2025 from $3.7M in FY2024.
Bear case
- CDRO's trailing P/E of 36.3x and EV-to-EBITDA of 48.7x trade well above the US-listed Consumer Cyclical peer medians of 18.0x and 11.1x.
- Net profit margin remains thin at 0.6% in FY2025 and 4.4% on a trailing twelve month basis.
- The company logged 0 EPS beats over the trailing four quarters.
What Codere Online Luxembourg does
Codere Online Luxembourg, S.A., headquartered in Luxembourg, specializes in digital entertainment with a primary focus on online casino gaming and sports betting. The company provides wagering products and services to online casino players. Its operational footprint extends across key markets in Latin America and Europe, including Spain, Italy, Mexico, Colombia, Panama, and Argentina. The company operates digital platforms designed to deliver seamless gaming experiences while emphasizing responsible gaming practices, regulatory compliance, and technological enhancements across its markets.
Growth and profitability
Codere Online Luxembourg delivered a 5-year revenue compound annual growth rate of 24.4% from FY2020 to FY2025. Annual revenue grew from $80.3M in FY2021 to $115.7M in FY2022, $161.6M in FY2023, $200.7M in FY2024, and $210.4M in FY2025. Operating margins improved significantly over this span, rising from -88.5% in FY2021 to 2.7% in FY2025. Net income also shifted from -$68.1M in FY2021 to $1.3M in FY2025. Over the trailing twelve months, revenue reached $229.8M with an operating margin of 4.2% and diluted EPS of $0.26. For the latest quarter ended June 30, 2026, quarterly revenue grew 18.4% year-over-year while quarterly earnings rose 15.8%.
Balance sheet and cash flow
As of June 30, 2026, the company held $72.9M in cash and short-term investments against $1.9M in total debt, yielding net cash of $71.0M. Shareholders' equity stood at $38.3M and total assets were $88.7M. The firm reported a current ratio of 1.77 and a debt-to-equity ratio of 0.05. Free cash flow reached $16.4M in FY2025, up from $3.7M in FY2024. Capital expenditures in FY2025 totaled $85,000, and the company deployed $2.4M toward share buybacks.
Valuation and performance
At a share price of $9.45 and a market capitalization of $429.7M, CDRO trades at a trailing price-to-earnings multiple of 36.3x and a forward P/E of 14.6x, compared to medians of 18.0x and 14.1x for its US-listed Consumer Cyclical peers. The stock trades at an enterprise value-to-EBITDA ratio of 48.7x, above the peer median of 11.1x, and a price-to-sales ratio of 1.9x versus the peer median of 0.7x. Over the past year, CDRO gained 44.1%, outperforming the S&P 500 return of 16.8%, though its 5-year return of -4.9% trailed the index return of 83.0%.
What analysts expect
Wall Street coverage includes 4 ratings: 2 Strong Buy and 2 Hold. The mean analyst price target is $12.67, representing a 34.0% premium over the last close of $9.45. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $257.4M and EPS of $0.36, representing EPS growth of 930.5%. For the following fiscal year, 2 analysts expect revenue of $273.3M and EPS of $0.61. Over the last 4 quarters, the company recorded 0 EPS beats.
Key risks and what to watch
- Annual revenue growth slowed from 24.2% in FY2024 to 4.8% in FY2025.
- Insider ownership is concentrated at 67.4%, which limits public float and minority shareholder control.
- CDRO has recorded a 5-year return of -4.9%, underperforming broader equity benchmarks.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this CDRO AI stock analysis
This page is an AI-written research summary of Codere Online Luxembourg, S.A. (CDRO). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: CDRO income statement, CDRO balance sheet, CDRO key metrics, CDRO analyst forecast, CDRO chart. See the CDRO stock overview for the latest quote and news.
CDRO AI stock analysis FAQ
Does Codere Online Luxembourg pay a dividend?
Codere Online Luxembourg does not pay a dividend. The company used its FY2025 capital for $85,000 in capital expenditures and $2.4M in share buybacks.
What is Codere Online's net cash position?
As of June 30, 2026, the company held $72.9M in cash and short-term investments against $1.9M of debt, leaving net cash of $71.0M.
What are analysts' price targets for CDRO stock?
The mean analyst price target is $12.67, which represents a 34.0% increase from the last close of $9.45. The 4 analyst ratings consist of 2 Strong Buy and 2 Hold recommendations.
How fast is Codere Online growing revenue?
Codere Online generated a 5-year revenue CAGR of 24.4% through FY2025. In the latest quarter ended June 30, 2026, quarterly revenue grew 18.4% year-over-year.