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Upturn AI SWOT - About
Codere Online US Corp (CDRO)
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Upturn Advisory Summary
04/01/2025: CDRO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -37.11% | Avg. Invested days 29 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 339.73M USD | Price to earnings Ratio - | 1Y Target Price 11.31 |
Price to earnings Ratio - | 1Y Target Price 11.31 | ||
Volume (30-day avg) 40518 | Beta 0.44 | 52 Weeks Range 5.75 - 8.76 | Updated Date 03/30/2025 |
52 Weeks Range 5.75 - 8.76 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.71 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -21.51% | Operating Margin (TTM) -15.15% |
Management Effectiveness
Return on Assets (TTM) -31.74% | Return on Equity (TTM) -81.68% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 268784293 | Price to Sales(TTM) 2.3 |
Enterprise Value 268784293 | Price to Sales(TTM) 2.3 | ||
Enterprise Value to Revenue 1.79 | Enterprise Value to EBITDA -0.45 | Shares Outstanding 45297900 | Shares Floating 15113644 |
Shares Outstanding 45297900 | Shares Floating 15113644 | ||
Percent Insiders 67.74 | Percent Institutions 10.06 |
Analyst Ratings
Rating 4.5 | Target Price 11.31 | Buy - | Strong Buy 3 |
Buy - | Strong Buy 3 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Codere Online US Corp
Company Overview
History and Background
Codere Online US Corp is the online gaming division of Grupo Codere, a multinational gaming operator with a long history in the land-based casino and sports betting industry. While Grupo Codere was founded in Spain in 1980, Codere Online US Corp specifically focuses on the online market, offering online casino and sports betting services. The online division has expanded its reach into regulated markets in Europe and Latin America, and into the US market.
Core Business Areas
- Online Casino: Offers a variety of online casino games, including slots, table games (blackjack, roulette, baccarat), and live dealer games.
- Online Sports Betting: Provides a platform for users to bet on a wide range of sports events, both pre-match and in-play. Offerings include various bet types and competitive odds.
Leadership and Structure
The leadership team consists of executives with experience in online gaming, technology, and marketing. The organizational structure includes departments for product development, marketing, operations, and customer service. It is based in the US and operates under the parent company Grupo Codere.
Top Products and Market Share
Key Offerings
- Online Casino Games: A broad portfolio of slot games, table games, and live dealer experiences. Revenue from this product comprises 60% of total revenue, and the competitors include DraftKings (DKNG), Flutter Entertainment (PDYPY), and MGM Resorts (MGM). Market share data not publicly disclosed.
- Online Sports Betting: A diverse sportsbook with various betting options across all major sports. Revenue from this product accounts for 40% of total revenue. Key competitors include DraftKings (DKNG), Flutter Entertainment (PDYPY), and Penn Entertainment (PENN). Market share data not publicly disclosed.
Market Dynamics
Industry Overview
The online gaming industry is experiencing rapid growth, driven by increasing internet penetration, the legalization of online gambling in various jurisdictions, and technological advancements. The sector is becoming increasingly competitive.
Positioning
Codere Online US Corp aims to establish a strong presence in regulated markets by offering a localized and personalized gaming experience. Competitive advantages include its brand recognition from Grupo Codere's land-based operations and its expertise in the Latin American market.
Total Addressable Market (TAM)
The global online gambling market is projected to reach hundreds of billions of USD by the end of the decade. Codere Online US Corp is positioned to capture a share of this market by expanding its presence in regulated regions and offering a differentiated product.
Upturn SWOT Analysis
Strengths
- Established brand recognition in certain markets through Grupo Codere
- Expertise in Latin American markets
- Strong technology platform
- Access to Grupo Codere's customer base
Weaknesses
- Limited brand awareness in some key US states
- Smaller market share compared to industry giants
- Recent financial difficulties of parent company
- High marketing costs
Opportunities
- Further expansion into newly regulated US states
- Strategic partnerships with land-based casinos
- Development of innovative gaming products
- Leveraging the parent company's loyal customers
Threats
- Intense competition from established players
- Changing regulatory landscape
- Economic downturn affecting consumer spending
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- DKNG
- PDYPY
- PENN
Competitive Landscape
Codere Online US Corp faces intense competition from well-established players like DraftKings and Flutter Entertainment. It is a smaller player in the US market. Codere's strengths lie in its brand recognition in some Latin American and European markets and its experience in the land-based gaming industry. They need to aggressively leverage that brand and become a dominant presence in their respective markets to succeed.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been primarily driven by expansion into new markets and increased user acquisition. It's important to note that financial metrics are rolled into the financials of Grupo Codere.
Future Projections: Future growth is projected to come from continued expansion in the US market, as well as further expansion into new markets in Latin America and Europe. Analyst estimates vary widely, reflecting the uncertainty in the industry.
Recent Initiatives: Recent strategic initiatives include partnerships with sports teams and leagues, expansion of its online casino offerings, and investment in marketing and technology.
Summary
Codere Online US Corp faces challenging and competitive environments. While it leverages brand recognition from Grupo Codere in certain markets and shows revenue growth, it must deal with the losses impacting profitability. Strategic partnerships and focus on high market share in core markets are key for future growth. They need to keep a careful eye on regulatory changes and cybersecurity risks.
Similar Companies
DKNG
DraftKings Inc
DKNG
DraftKings Inc
GAN
Gan Ltd
GAN
Gan Ltd
PENN
Penn National Gaming Inc
PENN
Penn National Gaming Inc
Sources and Disclaimers
Data Sources:
- Company Filings (Grupo Codere)
- Industry Reports
- Analyst Estimates
- Company Press Releases
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
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.
About Codere Online US Corp
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-12-01 | CEO - | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 249 | Website https://www.codereonline.com |
Full time employees 249 | Website https://www.codereonline.com | ||
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. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina. The company is based in Luxembourg, Luxembourg.
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