CDRO
Codere Online Luxembourg, S.A.
Gambling, Resorts & Casinos
Market Cap$423M
5Y Perf.-8.0%
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Stock Comparison
CDRO vs DKNG vs FLUT
Revenue, margins, valuation, and 5-year total return — side by side.
DKNG
DraftKings Inc.
Gambling, Resorts & Casinos
Market Cap$12.50B
5Y Perf.-53.4%
FLUT
Flutter Entertainment plc
Gambling, Resorts & Casinos
Market Cap$17.64B
5Y Perf.-45.8%
CDRO vs DKNG vs FLUT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CDRO | DKNG | FLUT |
|---|---|---|---|
| Industry | Gambling, Resorts & Casinos | Gambling, Resorts & Casinos | Gambling, Resorts & Casinos |
| Market Cap | $423M | $12.50B | $17.64B |
| Revenue (TTM) | $201M | $6.05B | $17.02B |
| Net Income (TTM) | $4M | $4M | $-455M |
| Gross Margin | 90.6% | 41.3% | 44.2% |
| Operating Margin | 2.2% | -0.2% | 4.4% |
| Forward P/E | 26.1x | 99.1x | 16.5x |
| Total Debt | $4M | $1.93B | $13.35B |
| Cash & Equiv. | $50M | $1.60B | $3.83B |
CDRO vs DKNG vs FLUT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CDRO
DKNG
FLUT
| Stock | Jan 21 | May 26 | Return |
|---|---|---|---|
| Codere Online Luxem… (CDRO) | 100 | 92.0 | -8.0% |
| DraftKings Inc. (DKNG) | 100 | 46.6 | -53.4% |
| Flutter Entertainme… (FLUT) | 100 | 54.2 | -45.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CDRO vs DKNG vs FLUT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CDRO leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. DraftKings Inc. is the stronger pick specifically for growth and revenue expansion. As sector peers, any of these can serve as alternatives in the same allocation.
CDRO
Codere Online Luxembourg, S.A.
The Income Pick
CDRO carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- beta 0.51
- Lower volatility, beta 0.51, Low D/E 13.7%, current ratio 1.37x
- Beta 0.51, current ratio 1.37x
Best for: income & stability and sleep-well-at-night
DKNG
DraftKings Inc.
The Growth Play
DKNG is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 27.0%, EPS growth 99.2%, 3Y rev CAGR 39.3%
- 157.3% 10Y total return vs CDRO's -9.3%
- 27.0% revenue growth vs CDRO's 4.8%
Best for: growth exposure and long-term compounding
FLUT
Flutter Entertainment plc
The Value Play
FLUT is the clearest fit if your priority is value.
- Lower P/E (16.5x vs 99.1x)
Best for: value
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | DKNG | 27.0% revenue growth vs CDRO's 4.8% |
| Value | FLUT | Lower P/E (16.5x vs 99.1x) |
| Quality / Margins | CDRO | 1.9% margin vs FLUT's -2.7% |
| Stability / Safety | CDRO | Beta 0.51 vs FLUT's 1.23, lower leverage |
| Dividends | Tie | None of these 3 stocks pay a meaningful dividend |
| Momentum (1Y) | CDRO | +14.3% vs FLUT's -58.3% |
| Efficiency (ROA) | CDRO | 5.3% ROA vs FLUT's -1.6% |
CDRO vs DKNG vs FLUT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FY 2025
CDRO vs DKNG vs FLUT — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCDROLAGGINGDKNG
DKNGDraftKings Inc.
0leads
FLUTFlutter Entertainment…
1leads
CDROCodere Online Luxembo…
4leads
6 Total Categories
CATEGORYLEADERvs FLUTvs DKNGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
CDRO3/6
Valuation MetricsMultiples, price ratios, and targets
FLUT5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CDRO6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CDRO5/6
Risk & VolatilityBeta, volatility, and downside exposure
CDRO2/2
Analyst OutlookRatings, price targets, and dividends
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Income & Cash Flow (Last 12 Months)
CDRO leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FLUT is the larger business by revenue, generating $17.0B annually — 84.8x CDRO's $201M. Profitability is closely matched — net margins range from 1.9% (CDRO) to -2.7% (FLUT). On growth, DKNG holds the edge at +42.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CDROCodere Online Lux… | DKNGDraftKings Inc. | FLUTFlutter Entertain… |
|---|---|---|---|
| RevenueTrailing 12 months | $201M | $6.1B | $17.0B |
| EBITDAEarnings before interest/tax | $4M | $266M | $2.0B |
| Net IncomeAfter-tax profit | $4M | $4M | -$455M |
| Free Cash FlowCash after capex | $4M | $612M | $880M |
| Gross MarginGross profit ÷ Revenue | +90.6% | +41.3% | +44.2% |
| Operating MarginEBIT ÷ Revenue | +2.2% | -0.2% | +4.4% |
| Net MarginNet income ÷ Revenue | +1.9% | +0.1% | -2.7% |
| FCF MarginFCF ÷ Revenue | +1.8% | +10.1% | +5.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +13.3% | +42.8% | +17.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.8% | +192.9% | -22.3% |
CDRO leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
FLUT leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, FLUT's 10.7x EV/EBITDA is more attractive than DKNG's 49.4x.
| Metric | CDROCodere Online Lux… | DKNGDraftKings Inc. | FLUTFlutter Entertain… |
|---|---|---|---|
| Market CapShares × price | $423M | $12.5B | $17.6B |
| Enterprise ValueMkt cap + debt − cash | $369M | $12.8B | $27.2B |
| Trailing P/EPrice ÷ TTM EPS | 263.51x | -3113.58x | -58.47x |
| Forward P/EPrice ÷ next-FY EPS est. | 26.08x | 99.14x | 16.51x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — |
| EV / EBITDAEnterprise value multiple | 49.20x | 49.42x | 10.69x |
| Price / SalesMarket cap ÷ Revenue | 1.71x | 2.06x | 1.08x |
| Price / BookPrice ÷ Book value/share | 12.64x | 19.81x | 1.87x |
| Price / FCFMarket cap ÷ FCF | 21.93x | 19.31x | 16.35x |
FLUT leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
CDRO leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CDRO delivers a 18.1% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-4 for FLUT. CDRO carries lower financial leverage with a 0.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to DKNG's 3.06x. On the Piotroski fundamental quality scale (0–9), DKNG scores 7/9 vs FLUT's 4/9, reflecting strong financial health.
| Metric | CDROCodere Online Lux… | DKNGDraftKings Inc. | FLUTFlutter Entertain… |
|---|---|---|---|
| ROE (TTM)Return on equity | +18.1% | +0.5% | -4.3% |
| ROA (TTM)Return on assets | +5.3% | +0.1% | -1.6% |
| ROICReturn on invested capital | — | -0.9% | +4.5% |
| ROCEReturn on capital employed | +18.8% | -0.6% | +4.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 | 4 |
| Debt / EquityFinancial leverage | 0.14x | 3.06x | 1.38x |
| Net DebtTotal debt minus cash | -$46M | $330M | $9.5B |
| Cash & Equiv.Liquid assets | $50M | $1.6B | $3.8B |
| Total DebtShort + long-term debt | $4M | $1.9B | $13.3B |
| Interest CoverageEBIT ÷ Interest expense | — | 1.92x | 0.04x |
CDRO leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CDRO leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CDRO five years ago would be worth $9,299 today (with dividends reinvested), compared to $4,935 for FLUT. Over the past 12 months, CDRO leads with a +14.3% total return vs FLUT's -58.3%. The 3-year compound annual growth rate (CAGR) favors CDRO at 51.0% vs FLUT's -20.1% — a key indicator of consistent wealth creation.
| Metric | CDROCodere Online Lux… | DKNGDraftKings Inc. | FLUTFlutter Entertain… |
|---|---|---|---|
| YTD ReturnYear-to-date | +15.4% | -29.3% | -53.7% |
| 1-Year ReturnPast 12 months | +14.3% | -27.3% | -58.3% |
| 3-Year ReturnCumulative with dividends | +244.1% | +4.3% | -49.0% |
| 5-Year ReturnCumulative with dividends | -7.0% | -47.9% | -50.7% |
| 10-Year ReturnCumulative with dividends | -9.3% | +157.3% | -22.9% |
| CAGR (3Y)Annualised 3-year return | +51.0% | +1.4% | -20.1% |
CDRO leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
CDRO leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CDRO is the less volatile stock with a 0.51 beta — it tends to amplify market swings less than FLUT's 1.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CDRO currently trades 95.6% from its 52-week high vs FLUT's 32.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CDROCodere Online Lux… | DKNGDraftKings Inc. | FLUTFlutter Entertain… |
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.51x | 1.12x | 1.23x |
| 52-Week HighHighest price in past year | $9.72 | $48.78 | $313.69 |
| 52-Week LowLowest price in past year | $5.18 | $20.46 | $97.94 |
| % of 52W HighCurrent price vs 52-week peak | +95.6% | +51.7% | +32.2% |
| RSI (14)Momentum oscillator 0–100 | 55.3 | 55.1 | 35.0 |
| Avg Volume (50D)Average daily shares traded | 14K | 12.9M | 3.4M |
CDRO leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: CDRO as "Hold", DKNG as "Buy", FLUT as "Buy". Consensus price targets imply 125.2% upside for FLUT (target: $228) vs -8.5% for CDRO (target: $9).
| Metric | CDROCodere Online Lux… | DKNGDraftKings Inc. | FLUTFlutter Entertain… |
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $8.50 | $36.88 | $227.86 |
| # AnalystsCovering analysts | 1 | 48 | 24 |
| Dividend YieldAnnual dividend ÷ price | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | 1 |
| Dividend / ShareAnnual DPS | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.7% | +6.6% | +6.4% |
Insufficient data to determine a leader in this category.
Key Takeaway
CDRO leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FLUT leads in 1 (Valuation Metrics).
Best OverallCodere Online Luxembourg, S… (CDRO)Leads 4 of 6 categories
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CDRO vs DKNG vs FLUT: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is CDRO or DKNG or FLUT a better buy right now?
For growth investors, DraftKings Inc.
(DKNG) is the stronger pick with 27. 0% revenue growth year-over-year, versus 4. 8% for Codere Online Luxembourg, S. A. (CDRO). Codere Online Luxembourg, S. A. (CDRO) offers the better valuation at 263. 5x trailing P/E (26. 1x forward), making it the more compelling value choice. Analysts rate DraftKings Inc. (DKNG) a "Buy" — based on 48 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CDRO or DKNG or FLUT?
On forward P/E, Flutter Entertainment plc is actually cheaper at 16.
5x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CDRO or DKNG or FLUT?
Over the past 5 years, Codere Online Luxembourg, S.
A. (CDRO) delivered a total return of -7. 0%, compared to -50. 7% for Flutter Entertainment plc (FLUT). Over 10 years, the gap is even starker: DKNG returned +157. 3% versus FLUT's -22. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CDRO or DKNG or FLUT?
By beta (market sensitivity over 5 years), Codere Online Luxembourg, S.
A. (CDRO) is the lower-risk stock at 0. 51β versus Flutter Entertainment plc's 1. 23β — meaning FLUT is approximately 139% more volatile than CDRO relative to the S&P 500. On balance sheet safety, Codere Online Luxembourg, S. A. (CDRO) carries a lower debt/equity ratio of 14% versus 3% for DraftKings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CDRO or DKNG or FLUT?
By revenue growth (latest reported year), DraftKings Inc.
(DKNG) is pulling ahead at 27. 0% versus 4. 8% for Codere Online Luxembourg, S. A. (CDRO). On earnings-per-share growth, the picture is similar: DraftKings Inc. grew EPS 99. 2% year-over-year, compared to -820. 8% for Flutter Entertainment plc. Over a 3-year CAGR, DKNG leads at 39. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CDRO or DKNG or FLUT?
Codere Online Luxembourg, S.
A. (CDRO) is the more profitable company, earning 0. 6% net margin versus -1. 9% for Flutter Entertainment plc — meaning it keeps 0. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FLUT leads at 6. 3% versus -0. 3% for DKNG. At the gross margin level — before operating expenses — CDRO leads at 96. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CDRO or DKNG or FLUT more undervalued right now?
On forward earnings alone, Flutter Entertainment plc (FLUT) trades at 16.
5x forward P/E versus 99. 1x for DraftKings Inc. — 82. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FLUT: 125. 2% to $227. 86.
08Which pays a better dividend — CDRO or DKNG or FLUT?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is CDRO or DKNG or FLUT better for a retirement portfolio?
For long-horizon retirement investors, Codere Online Luxembourg, S.
A. (CDRO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 51)). Both have compounded well over 10 years (CDRO: -9. 3%, FLUT: -22. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CDRO and DKNG and FLUT?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CDRO is a small-cap quality compounder stock; DKNG is a mid-cap high-growth stock; FLUT is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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