Professional
Added to YB: 2024-10-08
Pitch date: 2024-10-07
CDRO [bullish]
Codere Online Luxembourg, S.A.
+13.14%
current return
Author Info
No bio for this author
Company Info
Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, and internationally.
Market Cap
$379.2M
Pitch Price
$8.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
52.21
P/E
294.16
EV/Sales
1.58
Sector
Hotels, Restaurants and Leisure
Category
growth
Codere Online ($CDRO): Undervalued iGaming Play with High-Growth Potential in Mexico’s Expanding Market
CDRO: Online gaming co w/ Spain & Mexico ops. EV €290M, €41M net cash. Mexico biz growing 50%+ YoY, breaking even, 10-15% mkt share. Competitor Caliplay (65-70% share) at 32% EBIT margin. Spain doing €30M+ EBITDA. Mexican ops undervalued. Potential catalysts: Caliplay IPO, 3rd party acquisitions. Risks: regulatory changes.
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