CDRO
Codere Online Luxembourg, S.A.
Gambling, Resorts & Casinos
Market Cap$407M
5Y Perf.-11.5%
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Stock Comparison
CDRO vs NTES
Revenue, margins, valuation, and 5-year total return — side by side.
NTES
NetEase, Inc.
Electronic Gaming & Multimedia
Market Cap$74.95B
5Y Perf.+2.9%
CDRO vs NTES — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CDRO | NTES |
|---|---|---|
| Industry | Gambling, Resorts & Casinos | Electronic Gaming & Multimedia |
| Market Cap | $407M | $74.95B |
| Revenue (TTM) | $201M | $112.25B |
| Net Income (TTM) | $4M | $33.67B |
| Gross Margin | 90.6% | 64.3% |
| Operating Margin | 2.2% | 31.8% |
| Forward P/E | 25.1x | 1.9x |
| Total Debt | $4M | $6.39B |
| Cash & Equiv. | $50M | $51.52B |
CDRO vs NTES — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CDRO
NTES
| Stock | Jan 21 | May 26 | Return |
|---|---|---|---|
| Codere Online Luxem… (CDRO) | 100 | 88.5 | -11.5% |
| NetEase, Inc. (NTES) | 100 | 102.9 | +2.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CDRO vs NTES
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: NTES leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Codere Online Luxembourg, S.A. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
CDRO
Codere Online Luxembourg, S.A.
The Income Pick
CDRO is the clearest fit if your priority is income & stability and growth exposure.
- beta 0.51
- Rev growth 4.8%, EPS growth -62.5%, 3Y rev CAGR 22.0%
- Lower volatility, beta 0.51, Low D/E 13.7%, current ratio 1.37x
Best for: income & stability and growth exposure
NTES
NetEase, Inc.
The Long-Run Compounder
NTES carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 375.8% 10Y total return vs CDRO's -12.7%
- Lower P/E (1.9x vs 25.1x)
- 30.0% margin vs CDRO's 1.9%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CDRO | 4.8% revenue growth vs NTES's 4.0% |
| Value | NTES | Lower P/E (1.9x vs 25.1x) |
| Quality / Margins | NTES | 30.0% margin vs CDRO's 1.9% |
| Stability / Safety | CDRO | Beta 0.51 vs NTES's 0.74 |
| Dividends | NTES | 2.6% yield; 4-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | NTES | +11.4% vs CDRO's +9.8% |
| Efficiency (ROA) | NTES | 15.2% ROA vs CDRO's 5.3% |
CDRO vs NTES — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2024
CDRO vs NTES — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLNTESLAGGINGCDRO
CDROCodere Online Luxembo…
1leads
NTESNetEase, Inc.
2leads
6 Total Categories
CATEGORYLEADERvs CDROMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
NTES5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
NTES6/7
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
CDRO2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
Evenly matched — CDRO and NTES each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NTES is the larger business by revenue, generating $112.2B annually — 559.3x CDRO's $201M. NTES is the more profitable business, keeping 30.0% of every revenue dollar as net income compared to CDRO's 1.9%. On growth, CDRO holds the edge at +13.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CDROCodere Online Lux… | NTESNetEase, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $201M | $112.2B |
| EBITDAEarnings before interest/tax | $4M | $38.0B |
| Net IncomeAfter-tax profit | $4M | $33.7B |
| Free Cash FlowCash after capex | $4M | $48.5B |
| Gross MarginGross profit ÷ Revenue | +90.6% | +64.3% |
| Operating MarginEBIT ÷ Revenue | +2.2% | +31.8% |
| Net MarginNet income ÷ Revenue | +1.9% | +30.0% |
| FCF MarginFCF ÷ Revenue | +1.8% | +43.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +13.3% | +1.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.8% | -30.4% |
Evenly matched — CDRO and NTES each lead in 3 of 6 comparable metrics.
Valuation Metrics
NTES leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 15.8x trailing earnings, NTES trades at a 94% valuation discount to CDRO's 253.9x P/E. On an enterprise value basis, NTES's 12.6x EV/EBITDA is more attractive than CDRO's 47.2x.
| Metric | CDROCodere Online Lux… | NTESNetEase, Inc. |
|---|---|---|
| Market CapShares × price | $407M | $75.0B |
| Enterprise ValueMkt cap + debt − cash | $353M | $68.3B |
| Trailing P/EPrice ÷ TTM EPS | 253.93x | 15.82x |
| Forward P/EPrice ÷ next-FY EPS est. | 25.10x | 1.88x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.68x |
| EV / EBITDAEnterprise value multiple | 47.15x | 12.57x |
| Price / SalesMarket cap ÷ Revenue | 1.65x | 4.66x |
| Price / BookPrice ÷ Book value/share | 12.18x | 3.14x |
| Price / FCFMarket cap ÷ FCF | 21.13x | 10.57x |
NTES leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
NTES leads this category, winning 6 of 7 comparable metrics.
Profitability & Efficiency
NTES delivers a 20.4% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $18 for CDRO. NTES carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to CDRO's 0.14x. On the Piotroski fundamental quality scale (0–9), NTES scores 8/9 vs CDRO's 5/9, reflecting strong financial health.
| Metric | CDROCodere Online Lux… | NTESNetEase, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +18.1% | +20.4% |
| ROA (TTM)Return on assets | +5.3% | +15.2% |
| ROICReturn on invested capital | — | +23.3% |
| ROCEReturn on capital employed | +18.8% | +22.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 8 |
| Debt / EquityFinancial leverage | 0.14x | 0.04x |
| Net DebtTotal debt minus cash | -$46M | -$45.1B |
| Cash & Equiv.Liquid assets | $50M | $51.5B |
| Total DebtShort + long-term debt | $4M | $6.4B |
| Interest CoverageEBIT ÷ Interest expense | — | — |
NTES leads this category, winning 6 of 7 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — CDRO and NTES each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NTES five years ago would be worth $11,757 today (with dividends reinvested), compared to $8,949 for CDRO. Over the past 12 months, NTES leads with a +11.4% total return vs CDRO's +9.8%. The 3-year compound annual growth rate (CAGR) favors CDRO at 49.0% vs NTES's 11.5% — a key indicator of consistent wealth creation.
| Metric | CDROCodere Online Lux… | NTESNetEase, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +11.1% | -19.0% |
| 1-Year ReturnPast 12 months | +9.8% | +11.4% |
| 3-Year ReturnCumulative with dividends | +231.1% | +38.8% |
| 5-Year ReturnCumulative with dividends | -10.5% | +17.6% |
| 10-Year ReturnCumulative with dividends | -12.7% | +375.8% |
| CAGR (3Y)Annualised 3-year return | +49.0% | +11.5% |
Evenly matched — CDRO and NTES each lead in 3 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 NTES's 0.74 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CDRO currently trades 92.4% from its 52-week high vs NTES's 74.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CDROCodere Online Lux… | NTESNetEase, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.51x | 0.74x |
| 52-Week HighHighest price in past year | $9.68 | $159.55 |
| 52-Week LowLowest price in past year | $5.18 | $103.23 |
| % of 52W HighCurrent price vs 52-week peak | +92.4% | +74.2% |
| RSI (14)Momentum oscillator 0–100 | 59.4 | 51.2 |
| Avg Volume (50D)Average daily shares traded | 14K | 756K |
CDRO leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates CDRO as "Hold" and NTES as "Buy". Consensus price targets imply 26.5% upside for NTES (target: $150) vs -4.9% for CDRO (target: $9). NTES is the only dividend payer here at 2.59% yield — a key consideration for income-focused portfolios.
| Metric | CDROCodere Online Lux… | NTESNetEase, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $8.50 | $149.75 |
| # AnalystsCovering analysts | 1 | 32 |
| Dividend YieldAnnual dividend ÷ price | — | +2.6% |
| Dividend StreakConsecutive years of raises | — | 4 |
| Dividend / ShareAnnual DPS | — | $20.90 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.7% | +0.1% |
Insufficient data to determine a leader in this category.
Key Takeaway
NTES leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). CDRO leads in 1 (Risk & Volatility). 2 tied.
Best OverallNetEase, Inc. (NTES)Leads 2 of 6 categories
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CDRO vs NTES: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CDRO or NTES a better buy right now?
For growth investors, Codere Online Luxembourg, S.
A. (CDRO) is the stronger pick with 4. 8% revenue growth year-over-year, versus 4. 0% for NetEase, Inc. (NTES). NetEase, Inc. (NTES) offers the better valuation at 15. 8x trailing P/E (1. 9x forward), making it the more compelling value choice. Analysts rate NetEase, Inc. (NTES) a "Buy" — based on 32 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 NTES?
On trailing P/E, NetEase, Inc.
(NTES) is the cheapest at 15. 8x versus Codere Online Luxembourg, S. A. at 253. 9x. On forward P/E, NetEase, Inc. is actually cheaper at 1. 9x.
03Which is the better long-term investment — CDRO or NTES?
Over the past 5 years, NetEase, Inc.
(NTES) delivered a total return of +17. 6%, compared to -10. 5% for Codere Online Luxembourg, S. A. (CDRO). Over 10 years, the gap is even starker: NTES returned +375. 8% versus CDRO's -12. 7%. 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 NTES?
By beta (market sensitivity over 5 years), Codere Online Luxembourg, S.
A. (CDRO) is the lower-risk stock at 0. 51β versus NetEase, Inc. 's 0. 74β — meaning NTES is approximately 45% more volatile than CDRO relative to the S&P 500. On balance sheet safety, NetEase, Inc. (NTES) carries a lower debt/equity ratio of 4% versus 14% for Codere Online Luxembourg, S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — CDRO or NTES?
By revenue growth (latest reported year), Codere Online Luxembourg, S.
A. (CDRO) is pulling ahead at 4. 8% versus 4. 0% for NetEase, Inc. (NTES). On earnings-per-share growth, the picture is similar: NetEase, Inc. grew EPS 11. 0% year-over-year, compared to -62. 5% for Codere Online Luxembourg, S. A.. Over a 3-year CAGR, CDRO leads at 22. 0% 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 NTES?
NetEase, Inc.
(NTES) is the more profitable company, earning 30. 0% net margin versus 0. 6% for Codere Online Luxembourg, S. A. — meaning it keeps 30. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NTES leads at 31. 8% versus 2. 7% for CDRO. 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 NTES more undervalued right now?
On forward earnings alone, NetEase, Inc.
(NTES) trades at 1. 9x forward P/E versus 25. 1x for Codere Online Luxembourg, S. A. — 23. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NTES: 26. 5% to $149. 75.
08Which pays a better dividend — CDRO or NTES?
In this comparison, NTES (2.
6% yield) pays a dividend. CDRO does not pay a meaningful dividend and should not be held primarily for income.
09Is CDRO or NTES better for a retirement portfolio?
For long-horizon retirement investors, NetEase, Inc.
(NTES) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 2. 6% yield, +375. 8% 10Y return). Both have compounded well over 10 years (NTES: +375. 8%, CDRO: -12. 7%), 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 NTES?
These companies operate in different sectors (CDRO (Consumer Cyclical) and NTES (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: CDRO is a small-cap quality compounder stock; NTES is a mid-cap deep-value stock. NTES pays a dividend while CDRO does not, making them suitable for different income and tax situations. 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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%
(CDRO: 13.3% · NTES: 1.6%)P/E Ratio<
x
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