Descripción de la empresa
Codere Online Luxembourg, S.A. operates within the consumer cyclical sector, specifically functioning as an online casino gaming and sports betting provider across key international markets including Spain, Mexico, Colombia, Panama, and Argentina. The company generates revenue by offering online casino games that are also accessible through land-based casinos, gaming halls, and various gambling establishments, thereby integrating digital and physical gaming ecosystems. With a market capitalization of $380.84M and an annual revenue of $203.93M, the entity demonstrates a significant operational footprint supported by a workforce of 325 employees. These valuation and revenue figures indicate that the company holds a substantial position within the gambling industry, reflecting a level of market presence that commands attention from institutional and retail participants despite the inherent volatility of the consumer cyclical sector.
Salud financiera
The company reported a trailing twelve-month revenue of $203.93M, yet generated a net income of only $1.01M, a disparity that reveals a cost structure with significant operating expenses or non-operating charges that substantially erode bottom-line profitability. This is further evidenced by an EBITDA figure of $5.84M, which sits well below the gross margin generation, suggesting that operating costs or interest expenses are considerable relative to total sales. The financial statement displays a gross margin of 91.2%, indicating strong pricing power or low direct costs for gaming services, while the operating margin of 2.9% and profit margin of 0.5% highlight the aggressive cost pressures or high overheads typical in the regulatory-heavy gambling landscape. On the liquidity front, the firm holds $45.12M in cash against a debt load of $3.70M, resulting in a debt-to-equity ratio of 17.98% and a current ratio of 1.40, which collectively signify a highly conservative balance sheet with ample short-term assets to cover liabilities. The current ratio of 1.40 confirms that the company possesses robust short-term liquidity, ensuring it can meet its obligations without immediate distress. Furthermore, the return on equity stands at 5.1% and the return on assets at 5.0%, metrics that reveal how management utilizes shareholder capital and total assets to generate returns, albeit at moderate levels compared to the high P/E multiples observed in the market.
Evaluación de valoración
The valuation metrics present a complex picture where the trailing P/E ratio of 418.00 contrasts sharply with a forward P/E of 18.54, implying that the market expects a dramatic improvement in earnings trajectory over the coming year to justify the current stock price. The price-to-book ratio is recorded at 16.12, indicating that the stock trades at a significant premium over its book value, suggesting investors are pricing in substantial future growth potential or intangible assets not fully captured on the balance sheet. Alternative valuation measures such as a price-to-sales ratio of 1.87 and an EV/EBITDA of 58.18 suggest that the market is willing to pay a high multiple for sales and earnings, reflecting expectations of rapid expansion or margin improvement. In terms of trading range, the stock has fluctuated between a 52-week high of $8.77 and a low of $5.18, providing a historical context for price volatility and anchoring points for technical analysis. With a beta of 0.41, the company exhibits low price volatility relative to the broader market, suggesting its stock price moves less than the general market index, which offers a degree of stability uncommon for consumer cyclical stocks.
Growth & Income
Revenue growth for the trailing twelve months stands at 3.2%, while earnings growth is listed as N/A, indicating that the current period's profitability data does not show a clear upward trend comparable to revenue expansion. The absence of a dividend yield and a payout ratio of 0.0% confirms that the company does not distribute cash to shareholders, a strategy typical for firms in the growth phase or those retaining earnings to fund operations and expansion within the competitive gambling sector. Consequently, the company reinvests its free cash flow, which stands at $10.62M, directly into business activities rather than paying out dividends, prioritizing capital allocation for internal growth over immediate shareholder returns. The overall growth and income profile is characterized by steady revenue expansion without current dividend support, relying on future earnings potential to eventually support shareholder value creation or potential future payout structures.