公司概述
Codere Online Luxembourg, S.A. functions as a specialized operator within the consumer cyclical sector, specifically focusing on the gambling industry through its online casino gaming and sports betting services. The company's operational footprint spans multiple international markets, including Spain, Mexico, Colombia, Panama, Argentina, and other global locations, offering digital gaming solutions to land-based casinos, gaming halls, and various gambling establishments. In terms of scale, the entity maintains a market capitalization of $389.50M and generates annual revenue of $203.93M, supported by an organizational structure of 325 employees. These valuation and revenue figures indicate that the company holds a significant but mid-sized position within the global online gambling landscape, reflecting a substantial asset base that supports its cross-border expansion strategy.
财务健康
The financial performance of Codere Online Luxembourg, S.A. is characterized by a revenue stream of $203.93M (TTM) that supports a net income of $1.01M (TTM) and an EBITDA of $5.84M. The substantial disparity between the $203.93M in revenue and the $1.01M in net income reveals a cost structure where operating expenses, including cost of goods sold and administrative overhead, consume the vast majority of gross earnings before reaching the bottom line. Despite the low net income, the company demonstrates robust operational cash generation with free cash flow reaching $10.62M, which provides significant financial flexibility for capital allocation, debt servicing, or strategic investments without relying on external financing. Profitability metrics further illustrate this dynamic: a gross margin of 91.2% indicates highly scalable digital operations with low marginal costs, while an operating margin of 2.9% and a profit margin of 0.5% suggest that high fixed costs or specific market regulatory expenses heavily impact final profitability. The balance sheet shows a conservative stance with $45.12M in cash against only $3.70M in debt, supported by a debt-to-equity ratio of 17.98, indicating that the company carries minimal leverage relative to its equity base. Liquidity is further secured by a current ratio of 1.40, which suggests the company possesses sufficient current assets to cover its short-term liabilities comfortably. Additionally, the return on equity stands at 5.1% and the return on assets is 5.0%, metrics that reveal management's ability to generate returns from shareholders' capital and the total asset base, respectively.
估值评估
Valuation multiples for Codere Online Luxembourg, S.A. present a complex picture with a trailing twelve-month P/E ratio of 427.50 compared to a forward P/E of 18.96. This drastic difference between the historical and forward multiples implies that the market expects a significant expansion in earnings per share in the coming year to bring the valuation in line with current price levels. The price-to-book ratio is recorded at 16.49, indicating that the stock trades at a substantial premium over its book value, which may reflect intangible assets like licenses or brand value not fully captured on the balance sheet. Alternative valuation metrics such as the price-to-sales ratio of 1.91 and an EV/EBITDA of 59.67 provide context for the high earnings multiple, suggesting investors are paying a premium for revenue growth potential rather than current earnings power. Technical price levels show a 52-week high of $8.77 and a 52-week low of $5.18, providing a range within which the current share price fluctuates. The stock's volatility is characterized by a beta of 0.41, which indicates that the company's share price is less volatile than the broader market, moving with lower intensity to general market swings.
Growth & Income
Growth dynamics for the company are defined by a revenue growth rate of 3.2% year-over-year, while earnings growth is listed as N/A. The absence of reported earnings growth data suggests that bottom-line profitability has not yet tracked with top-line revenue expansion, potentially due to the time lag in expense recognition or one-time adjustments affecting net income. Regarding income distribution, the company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which indicates that the firm retains all its earnings to fund operations and growth initiatives rather than distributing cash to shareholders. Consequently, the overall growth and income profile is strictly capital appreciation-oriented, relying on operational scaling and market share gains in its diverse geographic portfolio to drive value creation.