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Upturn AI Summary - About
Codere Online US Corp(CDRO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CDRO
10/09/2026: CDRO (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Codere Online US Corp is a high-growth online gaming and sports betting operator with a significant footprint in Latin America and Europe. The company benefits from strong brand recognition derived from its legacy land-based gaming parent and a targeted strategy of localizing its digital platforms. While the company has shown consistent revenue growth, it faces challenges with negative profitability and high customer acquisition costs. Key risks include intense competition from larger, well-capitalized global gaming firms and exposure to evolving regulatory environments. The stock may suit growth-oriented investors with a high risk tolerance who are looking for exposure to the emerging digital gambling market in Latin America.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is in an aggressive expansion phase targeting high-growth digital gaming markets. |
| Momentum investor | Mixed fit | The stock can exhibit volatility based on quarterly growth reports, making it suitable only during positive momentum cycles. |
| Value investor | Weak fit | The company currently lacks consistent profitability, making traditional value metrics less applicable. |
| Dividend investor | Weak fit | No dividend is paid as all capital is reinvested into the business. |
| Low-risk investor | Weak fit | The stock carries high regulatory, market, and execution risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Small-cap growth stocks in the gaming sector often experience significant price swings based on news flow. |
| Valuation risk | Medium / high | Current valuations are heavily dependent on future growth assumptions rather than current earnings. |
| Competition risk (Global Gaming Giants) | High | Intense competition from larger, well-capitalized firms could pressure margins and market share. |
| Business quality | Medium | While brand strength is present, the model relies on regulatory stability and high customer acquisition costs. |
| Dividend income | Low / none | Investors should not expect income from this equity. |
| Execution risk | Medium / high | Success depends on effectively navigating local regulations and maintaining technological parity with competitors. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 13.16% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 431.28M USD | Price to earnings Ratio 36.48 | 1Y Target Price 12.67 |
Price to earnings Ratio 36.48 | 1Y Target Price 12.67 | ||
Volume (30-day avg) 28.3K shares | Beta 0.44 | 52 Weeks Range 5.18 - 10.26 | Updated Date 10/09/2026 |
52 Weeks Range 5.18 - 10.26 | Updated Date 10/09/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.26 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Online Sports Betting | Wagering revenue from sports platforms primarily in Mexico, Spain, Colombia, and Panama. | Revenue is generated from the difference between wagers collected and payouts made, plus platform fees. |
| Online Casino | Digital slots, table games, and live dealer experiences. | This segment provides a steadier stream of revenue compared to the more volatile sports betting sector. |
| Geography: Latin America | Core markets including Mexico and Colombia. | This is the primary growth engine for the company due to high demand and evolving regulatory support. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 36.48 | Forward PE 14.64 | Enterprise Value 355.91M | Price to Sales(TTM) 1.88 |
Enterprise Value 355.91M | Price to Sales(TTM) 1.88 | ||
Enterprise Value to Revenue 1.48 | Enterprise Value to EBITDA 48.71 | Shares Outstanding 45.47M | Shares Floating 14.88M |
Shares Outstanding 45.47M | Shares Floating 14.88M | ||
Percent Insiders 67.38 | Percent Institutions 12.17 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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