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Codere Online Luxembourg S.A. Warrants (CDROW)


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Upturn Advisory Summary
10/29/2025: CDROW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
|  Type  Stock |  Historic Profit  34.54% |  Avg. Invested days  36 |  Today’s Advisory  PASS  | 
|  Upturn Star Rating   |  Upturn Advisory Performance   3.0 |  Stock Returns Performance   3.0 | 
|  Profits based on simulation |  Last Close 10/29/2025 | 
Key Highlights
|  Company Size  ETF  |  Market Capitalization  0  USD  |  Price to earnings Ratio  -  |  1Y Target Price  -  | 
|  Price to earnings Ratio  -  |  1Y Target Price  -  | ||
|  Volume (30-day avg)  -  |  Beta  0.46  |  52 Weeks Range  0.40 - 1.28  |  Updated Date  06/10/2025  | 
|  52 Weeks Range  0.40 - 1.28  |  Updated Date  06/10/2025  | ||
|  Dividends yield (FY)  -  |  Basic EPS (TTM)  -428.55  | 
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  -  |  Forward PE  -  |  Enterprise Value  -  |  Price to Sales(TTM)  -  | 
|  Enterprise Value  -  |  Price to Sales(TTM)  -  | ||
|  Enterprise Value to Revenue  -  |  Enterprise Value to EBITDA  -  |  Shares Outstanding  -  |  Shares Floating  15278719  | 
|  Shares Outstanding  -  |  Shares Floating  15278719  | ||
|  Percent Insiders  -  |  Percent Institutions  -  | 
 Upturn AI SWOT
 Upturn AI SWOT 
Codere Online Luxembourg S.A. Warrants
Company Overview
 History and Background
 History and Background 
Codere Online Luxembourg S.A. warrants were initially related to the SPAC (Special Purpose Acquisition Company) DD3 Acquisition Corp. II, which merged with Codere Online in 2021/2022. Codere Online is the online gaming division of Grupo Codere, a multinational gaming operator founded in Spain in 1980.
 Core Business Areas
 Core Business Areas 
- Online Casino: Offers a variety of online casino games, including slots, table games, and live dealer options.
- Sports Betting: Provides a platform for online sports betting on a wide range of sports events.
 Leadership and Structure
 Leadership and Structure 
The leadership team includes Moshe Edree (Managing Director) and other executives responsible for technology, marketing, and operations. The organizational structure follows a functional model, with dedicated teams for each core business area.
Top Products and Market Share
 Key Offerings
 Key Offerings 
- Online Casino Games: Includes slots, roulette, blackjack, poker and baccarat. This is a significant revenue driver. Market share data is difficult to obtain specifically for Codere Online's casino segment. Competitors include Entain, Flutter Entertainment, and Bet365.
- Sports Betting Platform: Enables betting on various sports, including soccer, basketball, and tennis. Market share data is difficult to obtain. Competitors include DraftKings, FanDuel, and BetMGM.
Market Dynamics
 Industry Overview
 Industry Overview 
The online gaming industry is experiencing rapid growth, driven by increasing internet penetration, mobile gaming adoption, and favorable regulatory changes in several jurisdictions. The industry is highly competitive and regulated.
Positioning
Codere Online is positioned as a leading online gaming operator in select markets, particularly in Spain and Latin America. It leverages the Grupo Codere brand recognition and established land-based operations.
Total Addressable Market (TAM)
The global online gambling market is projected to reach hundreds of billions of dollars. Codere Online is focused on capturing a significant share of the Spanish and Latin American markets. The TAM is continuously expanding due to changing regulations and increasing digital adoption.
Upturn SWOT Analysis
Strengths
- Established brand recognition in Spain and Latin America
- Strong technology platform
- Experienced management team
- Access to Grupo Codere's land-based infrastructure
Weaknesses
- Limited geographic diversification
- High marketing and promotional expenses
- Dependence on regulatory approvals
- Relatively small market share compared to global leaders
Opportunities
- Expansion into new markets in Latin America and Europe
- Strategic partnerships with sports teams and leagues
- Development of innovative gaming products and features
- Leveraging data analytics for personalized marketing
Threats
- Increasing competition from established players and new entrants
- Changes in gaming regulations and tax policies
- Cybersecurity risks and data breaches
- Economic downturns affecting consumer spending
Competitors and Market Share
 Key Competitors
 Key Competitors 
- DKNG
- PDYPY
- BETM
Competitive Landscape
The online gaming market is highly competitive, with numerous established players and new entrants. Codere Online competes on product innovation, marketing, and customer service.
Growth Trajectory and Initiatives
Historical Growth: Codere Online has experienced growth in recent years, driven by the expansion of its online gaming operations and market share gains.
Future Projections: Future growth is expected to be driven by continued expansion into new markets, increased marketing efforts, and the development of innovative gaming products.
Recent Initiatives: Recent initiatives include launching new gaming products, entering into strategic partnerships, and expanding marketing campaigns.
Summary
Codere Online Luxembourg S.A. Warrants is connected to Codere Online, an online gaming company with a solid presence in Spain and Latin America. The company benefits from its established brand and access to Grupo Codere's resources. However, it faces competition from larger players and regulatory challenges. Future growth depends on successful expansion into new markets and product innovation. More information regarding the Warrants needs to be reviewed when making any investment decision.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company website
- Industry reports
- Analyst estimates
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data is approximate. The warrant CDRO.WS is linked to the performance of the underlying stock.
 AI Summarization is directionally correct and might not be accurate.
 AI Summarization is directionally correct and might not be accurate. 
 Summarized information shown could be a few years old and not current.
 Summarized information shown could be a few years old and not current. 
 Fundamental Rating based on AI could be based on old data.
 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.
 AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action. 
About Codere Online Luxembourg S.A. Warrants
|  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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