Codere Online Luxembourg, S.A. (CDRO) Financial Ratios
7 years of historical data (2019–2025) · Consumer Cyclical · Gambling, Resorts & Casinos
EV/EBITDA
↓
49.20
-7% vs avg
5yr avg: 53.04
30Y Low50.5·High55.6
P/FCF
↓
21.93
↓-57% vs avg
5yr avg: 51.51
30Y Low22.4·High80.6
P/B Ratio
↑
12.64
↑+58% vs avg
5yr avg: 8.02
30Y Low4.0·High12.8
ROE
↑
4.9%
↓+104% vs avg
5yr avg: -114.1%
30Y Low-482%·High17%
Debt/EBITDA
↓
0.62
↓-30% vs avg
5yr avg: 0.88
30Y Low0.6·High1.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CDRO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Codere Online Luxembourg, S.A. trades at 263.5x earnings, 51% above its 5-year average of 174.1x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a premium of 1256%. On a free-cash-flow basis, the stock trades at 21.9x P/FCF, 57% below the 5-year average of 51.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $423M | $368M | $297M | $133M | $116M | $272M | — | — |
| Enterprise Value | $369M | $322M | $262M | $97M | $68M | $180M | — | — |
| P/E Ratio → | 263.51 | 267.67 | 80.63 | — | — | — | — | — |
| P/S Ratio | 1.71 | 1.75 | 1.48 | 0.82 | 1.01 | 3.39 | — | — |
| P/B Ratio | 12.64 | 12.84 | 12.27 | 6.25 | 4.74 | 3.99 | — | — |
| P/FCF | 21.93 | 22.44 | 80.59 | — | — | — | — | — |
| P/OCF | 21.82 | 22.32 | 75.36 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
CDRO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Codere Online Luxembourg, S.A.'s enterprise value stands at 49.2x EBITDA, 7% below its 5-year average of 53.0x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 333% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.53 | 1.31 | 0.60 | 0.58 | 2.24 | — | — |
| EV / EBITDA | 49.20 | 50.51 | 55.56 | — | — | — | — | — |
| EV / EBIT | 54.74 | 56.19 | 60.54 | — | — | — | — | — |
| EV / FCF | — | 19.63 | 71.12 | — | — | — | — | — |
CDRO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Codere Online Luxembourg, S.A. earns an operating margin of 2.7%, roughly in line with the Consumer Cyclical sector average. Operating margins have expanded from -9.1% to 2.7% over the past 3 years, signaling improving operational efficiency. ROE of 4.9% is modest, trailing the sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 96.0% | 96.0% | 96.1% | 96.1% | 95.8% | 91.2% | 92.7% | 47.2% |
| Operating Margin | 2.7% | 2.7% | 2.2% | -9.1% | -48.3% | -88.5% | -20.2% | -25.8% |
| Net Profit Margin | 0.6% | 0.6% | 1.9% | -1.5% | -40.1% | -84.7% | -23.1% | -26.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 4.9% | 4.9% | 17.2% | -10.5% | -100.1% | -481.9% | — | — |
| ROA | 1.7% | 1.7% | 5.3% | -3.4% | -53.1% | -109.9% | -51.9% | -36.4% |
| ROIC | — | — | — | — | — | — | -2940.0% | -96.6% |
| ROCE | 18.8% | 18.8% | 16.9% | -61.2% | -111.5% | -257.4% | — | — |
CDRO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Codere Online Luxembourg, S.A. carries a Debt/EBITDA ratio of 0.6x, which is very conservative (86% below the sector average of 4.4x). The company holds a net cash position — cash of $50M exceeds total debt of $4M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.14 | 0.22 | 0.24 | 0.20 | 0.04 | — | — |
| Debt / EBITDA | 0.62 | 0.62 | 1.14 | — | — | — | — | — |
| Net Debt / Equity | — | -1.60 | -1.44 | -1.70 | -1.99 | -1.35 | — | — |
| Net Debt / EBITDA | -7.22 | -7.22 | -7.40 | — | — | — | — | — |
| Debt / FCF | — | -2.80 | -9.48 | — | — | — | 7.45 | — |
| Interest Coverage | — | — | — | — | -2.43 | -45.68 | -27.40 | -59.02 |
Net cash position: cash ($50M) exceeds total debt ($4M)
CDRO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.37x means Codere Online Luxembourg, S.A. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.25x to 1.37x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.37 | 1.37 | 1.40 | 1.25 | 1.60 | 3.31 | 0.47 | 0.78 |
| Quick Ratio | 1.37 | 1.37 | 1.40 | 1.25 | 1.60 | 3.31 | 0.47 | 0.86 |
| Cash Ratio | 1.21 | 1.21 | 1.20 | 0.99 | 1.42 | 3.13 | 0.42 | 0.23 |
| Asset Turnover | — | 2.60 | 2.69 | 2.19 | 1.67 | 0.76 | 3.80 | 1.39 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 10.99 | 12.59 | 29.78 | 13.47 | 23.30 | 4.32 | 174.85 |
CDRO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Codere Online Luxembourg, S.A. returns 0.7% to shareholders annually primarily through share buybacks. The earnings yield of 0.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.4% | 0.4% | 1.2% | — | — | — | — | — |
| FCF Yield | 4.6% | 4.5% | 1.2% | — | — | — | — | — |
| Buyback Yield | 0.7% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.7% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $46M | $46M | $45M | $45M | $45M | $9M | $60000 |
Peer Comparison
Compare CDRO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CDROYou | $423M | 263.5 | 49.2 | 21.9 | 96.0% | 2.7% | 4.9% | — | 0.6 |
 DKNG | $13B | -3113.6 | 49.4 | 19.3 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
 FLUT | $18B | -58.5 | 10.7 | 16.4 | 45.2% | 6.3% | -3.0% | 4.5% | 5.3 |
 RSI | $3B | 199.2 | 20.9 | 18.1 | 34.6% | 7.7% | 13.3% | — | 0.1 |
 GENI | $1B | -10.8 | — | 18.2 | 23.0% | -15.6% | -17.2% | -16.6% | — |
 MGM | $10B | 50.1 | 31.6 | 5.8 | 44.4% | 5.7% | 5.9% | 1.7% | 27.8 |
 CZR | $6B | -11.5 | 8.9 | 10.9 | 37.7% | 18.1% | -12.5% | 5.4% | 7.5 |
 PENN | $2B | -2.9 | 13.8 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 BYD | $6B | 3.8 | 7.9 | 16.5 | 42.1% | 21.4% | 88.0% | 12.3% | 2.8 |
 WYNN | $11B | 34.0 | 12.4 | 16.1 | 32.7% | 16.2% | — | 9.3% | 6.9 |
 LNW | $8B | 26.6 | 11.5 | 24.1 | 70.8% | 21.0% | 48.0% | 11.6% | 3.8 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
See CDRO's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CDRO Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CDRO vs DKNG
Side-by-side business, growth, and profitability comparison vs DraftKings Inc..
Start ComparisonCDRO — Frequently Asked Questions
Quick answers to the most common questions about buying CDRO stock.
What is Codere Online Luxembourg, S.A.'s P/E ratio?
Codere Online Luxembourg, S.A.'s current P/E ratio is 263.5x. The historical average is 80.6x. This places it at the 100th percentile of its historical range.
What is Codere Online Luxembourg, S.A.'s EV/EBITDA?
Codere Online Luxembourg, S.A.'s current EV/EBITDA is 49.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 53.0x.
What is Codere Online Luxembourg, S.A.'s ROE?
Codere Online Luxembourg, S.A.'s return on equity (ROE) is 4.9%. The historical average is -114.1%.
Is CDRO stock overvalued?
Based on historical data, Codere Online Luxembourg, S.A. is trading at a P/E of 263.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Codere Online Luxembourg, S.A.'s profit margins?
Codere Online Luxembourg, S.A. has 96.0% gross margin and 2.7% operating margin.
How much debt does Codere Online Luxembourg, S.A. have?
Codere Online Luxembourg, S.A.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.