Added to YB: 2024-10-08
Pitch date: 2024-10-07
CDRO [bullish]
Codere Online Luxembourg, S.A.
-0.24%
current return
Author Info
No bio for this author
Company Info
Codere Online Luxembourg, S.A. operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services.
Market Cap
EUR 350.0M
Pitch Price
EUR 8.45
Price Target
N/A
Dividend
N/A
Sector
Hotels, Restaurants and Leisure
Category
growth
Codere Online ($CDRO)
CDRO: iGaming in Spain & Mexico. 290m EUR EV, 41m EUR net cash. Mexico biz #2 w/ 10-15% share, breakeven, growing 50%+ YoY. Spain >30m EBITDA. Caliplay (competitor) 32% EBIT margin at scale. Mexican market undervalued, high growth potential. Risks: regulatory changes. Catalysts: Caliplay IPO, 3rd party acquisitions.
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