CDROCodere Online Luxembourg, S.A.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (1.3×).
Operating profit is fully backed by cash.
Efficiency-driven, thin margins turned over fast (the retail model). ROE 16% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CDRO?
Codere Online Luxembourg, S.A. keeps 2.2% of every revenue dollar as operating profit, against 2.2% for the median Gambling name.
Operating margin · Gambling median 2.2% · fiscal year to FY2024
- Cash conversion
- 1.25×
Cash conversion · operating cash flow covers the operating profit after tax
- Gross margin
- 84%
Gross margin
| Year | Operating margin |
|---|---|
| FY2019 | −26% |
| FY2020 | −20% |
| FY2021 | −89% |
| FY2022 | −48% |
| FY2023 | −9.1% |
| FY2024 | 2.2% |
Details›
- Gross marginfiscal year to FY2024
- 84%
- Operating marginfiscal year to FY2024
- 2.2%
- Net marginfiscal year to FY2024
- 1.9%
- Free cash flow margin
- 1.8%
- Revenue, trailing twelve months
- $201M
- Free cash flow, trailing twelve months
- $3.7M
- Net income, trailing twelve months
- $3.9M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.