Codere Online Luxembourg, S.A. (CDRO): A Bull Case Theory [Yahoo! Finance]
Codere Online Luxembourg, S.A. (CDRO)
Company Research
Source: Yahoo! Finance
Codere Online Luxembourg, S.A. (CDRO)'s share was trading at $7.47 as of Nov 7 th Georgejmclittle/Shutterstock.com CDRO operates as a B2C iGaming business across two distinct markets: Spain and Mexico. These markets vary in maturity and growth rates, but both hold considerable promise. Notably, CDRO is net cash positive with €41 million and has an enterprise value of approximately €290 million. A critical aspect is the overlooked growth potential of its Mexican segment, which, while still in early stages, is experiencing rapid growth with over 50% year-on-year expansion. CDRO's Mexico business, the second largest in the market with a 10-15% share, trails behind market leader Caliplay, which is partly owned by Playtech. Recent disclosures reveal Caliplay's profitability, with a current EBIT margin around 32% on a €700 million revenue run rate—highlighting the scalable potential of Mexican iGaming. While CDRO's Mexican operation is smaller, with an estimated €150 million run rate, i
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CDRO
News
- Lost Money on Codere Online Luxembourg, S.A. (CDRO)? Contact Levi & Korsinsky Regarding an Ongoing InvestigationAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Codere Online Luxembourg, S.A. - CDROAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Codere Online Luxembourg, S.A. - CDROAccesswire
- Codere Online Receives Delisting Notice from Nasdaq and Submits Appeal [Yahoo! Finance]Yahoo! Finance
- Codere Online Luxembourg (CDRO): The Best Casino Stock To Buy According to Analysts? [Yahoo! Finance]Yahoo! Finance
CDRO
Sec Filings
- 11/18/24 - Form 6-K
- 11/14/24 - Form SCHEDULE
- 9/3/24 - Form 144
- CDRO's page on the SEC website