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CDRO 
Codere Online US Corp (CDRO)
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Upturn Advisory Summary
01/09/2026: CDRO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $11.33
1 Year Target Price $11.33
| 3 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.66% | Avg. Invested days 32 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 247.83M USD | Price to earnings Ratio 60.33 | 1Y Target Price 11.33 |
Price to earnings Ratio 60.33 | 1Y Target Price 11.33 | ||
Volume (30-day avg) 4 | Beta 0.45 | 52 Weeks Range 5.18 - 8.75 | Updated Date 12/15/2025 |
52 Weeks Range 5.18 - 8.75 | Updated Date 12/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.09 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 1.95% | Operating Margin (TTM) 2.74% |
Management Effectiveness
Return on Assets (TTM) 3.65% | Return on Equity (TTM) 17.19% |
Valuation
Trailing PE 60.33 | Forward PE - | Enterprise Value 295500599 | Price to Sales(TTM) 1.73 |
Enterprise Value 295500599 | Price to Sales(TTM) 1.73 | ||
Enterprise Value to Revenue 1.24 | Enterprise Value to EBITDA 101.84 | Shares Outstanding 45640814 | Shares Floating 15278719 |
Shares Outstanding 45640814 | Shares Floating 15278719 | ||
Percent Insiders 66.52 | Percent Institutions 11.2 |
Upturn AI SWOT
Codere Online US Corp
Company Overview
History and Background
Codere Online US Corp. is the US-listed entity of Codere Online, a leading online gambling and sports betting operator in Latin America. The company was established to focus on the expansion of Codere's digital operations within regulated markets. It operates under the Codere brand, which has a long-standing presence in the land-based gaming sector in various Latin American countries. The company has been actively expanding its online offerings in key markets like Mexico, Colombia, and Argentina.
Core Business Areas
- Online Betting and Gaming: Codere Online offers a comprehensive suite of online betting and gaming products, including sports betting, casino games (slots, roulette, blackjack), and live casino experiences through its digital platforms.
- Technology and Platform Development: The company leverages its proprietary technology platform to deliver a seamless and engaging user experience across its various markets, continuously investing in platform enhancements and new features.
Leadership and Structure
Codere Online US Corp. is led by a management team with extensive experience in the gaming and technology sectors. The specific individuals and their roles can be found in their latest investor relations filings. The company operates primarily in Latin America, with its US entity serving as a publicly traded vehicle.
Top Products and Market Share
Key Offerings
- Sports Betting: Offers a wide range of pre-match and live betting options across numerous sports. Competitors include Bet365, DraftKings, FanDuel, and local operators in each market. Specific market share data for this product in Latin America is not publicly broken down by individual product, but Codere Online is a significant player in the region.
- Online Casino Games: Provides a variety of popular casino games, including slots, table games, and live dealer games. Competitors include Playtech, Evolution Gaming (for live casino), and other platform providers. Market share is again not broken down by specific game type but is part of their overall digital market presence.
Market Dynamics
Industry Overview
The online gambling and sports betting industry, particularly in Latin America, is characterized by rapid growth driven by increasing internet penetration, smartphone adoption, and the gradual legalization and regulation of online gaming. The market is becoming increasingly competitive with both local and international players vying for market share.
Positioning
Codere Online is well-positioned due to its established brand recognition in Latin America, its experience in regulated markets, and its focus on digital transformation. Its competitive advantages include a strong understanding of local consumer preferences, robust marketing efforts, and a diversified product offering.
Total Addressable Market (TAM)
The TAM for online gambling and sports betting in Latin America is substantial and growing. While specific TAM figures vary by research firm and year, it is estimated to be in the billions of USD. Codere Online is positioned to capture a significant portion of this TAM through its focused strategy on regulated markets and digital expansion.
Upturn SWOT Analysis
Strengths
- Established brand recognition in key Latin American markets.
- Extensive experience in regulated gaming environments.
- Proprietary technology platform.
- Diversified product portfolio (sports betting and casino).
- Experienced management team with deep industry knowledge.
Weaknesses
- Reliance on a few key Latin American markets.
- Potential for regulatory changes impacting operations.
- Intense competition from both global and local operators.
- Currency fluctuations in operating countries.
Opportunities
- Expansion into new regulated markets in Latin America and potentially beyond.
- Growth in mobile betting and gaming adoption.
- Partnerships and collaborations to enhance offerings.
- Leveraging data analytics for personalized customer experiences.
- Further development of iGaming and sports betting product innovation.
Threats
- Increased regulatory scrutiny and potential for stricter regulations.
- Aggressive pricing and promotional activities by competitors.
- Cybersecurity risks and data privacy concerns.
- Economic downturns affecting consumer discretionary spending.
- Emergence of new, disruptive technologies or business models.
Competitors and Market Share
Key Competitors
- Bet365 (US Stock Symbol: N/A - Private Company)
- Flutter Entertainment (US Stock Symbol: FLUT)
- DraftKings Inc. (US Stock Symbol: DKNG)
- Entain PLC (US Stock Symbol: GMVHY)
- Local Operators in each Latin American market (e.g., Bwin Argentina, BetWarrior Argentina)
Competitive Landscape
Codere Online competes in a dynamic and fragmented market. Its advantages lie in its established brand and understanding of Latin American markets. However, it faces strong competition from global giants with significant marketing budgets and technological capabilities, as well as nimble local players who understand specific market nuances.
Growth Trajectory and Initiatives
Historical Growth: Codere Online has demonstrated historical growth driven by its expansion in digital operations in Latin America, particularly in sports betting and online casino segments. Revenue has seen upward trends as more users engage with their online platforms.
Future Projections: Future projections for Codere Online US Corp. are generally positive, with analysts expecting continued revenue growth driven by market expansion, product innovation, and increasing penetration in its core markets. Specific growth percentages would be available from financial analyst reports.
Recent Initiatives: Recent initiatives include strengthening its digital platform, expanding marketing efforts in key territories, and exploring potential new market entries within its strategic geographic focus.
Summary
Codere Online US Corp. is a growing player in the Latin American online gambling market, leveraging its established brand and digital expertise. The company benefits from a rapidly expanding industry and its focus on regulated markets. However, it faces intense competition and the inherent risks associated with emerging markets and regulatory shifts. Continued investment in technology and market penetration will be crucial for its sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Codere Online US Corp SEC Filings (10-K, 10-Q, 8-K)
- Financial News and Analysis Websites
- Industry Research Reports (General Market Data)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Codere Online US Corp
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-12-01 | CEO - | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 325 | Website https://www.codereonline.com |
Full time employees 325 | Website https://www.codereonline.com | ||
Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, Colombia, Panama, Argentina, and internationally. It offers online casino games available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo; and online sports betting and other bets under the Codere brand. The company is headquartered in Luxembourg, Luxembourg.
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