CODERE ONLINE LUX. EO 1 (J9T) - Net Assets
Based on the latest financial reports, CODERE ONLINE LUX. EO 1 (J9T) has net assets worth €28.70 Million EUR (≈ $33.55 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€80.86 Million ≈ $94.54 Million USD) and total liabilities (€52.16 Million ≈ $60.98 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check J9T capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €28.70 Million |
| % of Total Assets | 35.49% |
| Annual Growth Rate | -19.45% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 32.77 |
CODERE ONLINE LUX. EO 1 - Net Assets Trend (2021–2025)
This chart illustrates how CODERE ONLINE LUX. EO 1's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see J9T market cap.
Annual Net Assets for CODERE ONLINE LUX. EO 1 (2021–2025)
The table below shows the annual net assets of CODERE ONLINE LUX. EO 1 from 2021 to 2025. Also explore CODERE ONLINE LUX. EO 1 (J9T) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €28.70 Million ≈ $33.55 Million |
+18.49% |
| 2024-12-31 | €24.22 Million ≈ $28.32 Million |
+13.78% |
| 2023-12-31 | €21.29 Million ≈ $24.89 Million |
-13.28% |
| 2022-12-31 | €24.55 Million ≈ $28.70 Million |
-63.98% |
| 2021-12-31 | €68.15 Million ≈ $79.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CODERE ONLINE LUX. EO 1's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4359900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €174.18 Million | 610.18% |
| Total Equity | €28.55 Million | 100.00% |
CODERE ONLINE LUX. EO 1 Competitors by Market Cap
The table below lists competitors of CODERE ONLINE LUX. EO 1 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SSE PLC
LSE:SSE
|
$356.95 Million |
|
Jiayuan Science and Technology Co.Ltd.
SHE:301117
|
$356.97 Million |
|
Karbon Capital Partners Corp. Class A Ordinary Shares
NASDAQ:KBON
|
$357.09 Million |
|
Ãlgerðin Egill SkallagrÃmsson hf.
IC:OLGERD
|
$357.19 Million |
|
Metrodata Electronics Tbk
JK:MTDL
|
$356.81 Million |
|
Energy Recovery Inc
NASDAQ:ERII
|
$356.80 Million |
|
Diplomat Holdings Ltd
TA:DIPL
|
$356.77 Million |
|
CTOS Digital Bhd
KLSE:5301
|
$356.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CODERE ONLINE LUX. EO 1's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 24,071,000 to 28,546,000, a change of 4,475,000 (18.6%).
- Net income of 1,292,000 contributed positively to equity growth.
- Share repurchases of 2,359,000 reduced equity.
- Other factors increased equity by 5,542,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.29 Million | +4.53% |
| Share Repurchases | €2.36 Million | -8.26% |
| Other Changes | €5.54 Million | +19.41% |
| Total Change | €- | 18.59% |
Book Value vs Market Value Analysis
This analysis compares CODERE ONLINE LUX. EO 1's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.57x to 13.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €1.51 | €8.40 | x |
| 2022-12-31 | €0.54 | €8.40 | x |
| 2023-12-31 | €0.47 | €8.40 | x |
| 2024-12-31 | €0.53 | €8.40 | x |
| 2025-12-31 | €0.63 | €8.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CODERE ONLINE LUX. EO 1 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.61%
- • Asset Turnover: 2.60x
- • Equity Multiplier: 2.83x
- Recent ROE (4.53%) is above the historical average (-56.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -100.09% | -84.82% | 0.76x | 1.55x | €-74.87 Million |
| 2022 | -190.07% | -40.07% | 1.67x | 2.84x | €-48.82 Million |
| 2023 | -11.43% | -1.50% | 2.19x | 3.49x | €-4.53 Million |
| 2024 | 16.24% | 1.95% | 2.69x | 3.10x | €1.50 Million |
| 2025 | 4.53% | 0.61% | 2.60x | 2.83x | €-1.56 Million |
Industry Comparison
This section compares CODERE ONLINE LUX. EO 1's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $14,047,800,208
- Average return on equity (ROE) among peers: 21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CODERE ONLINE LUX. EO 1 (J9T) | €28.70 Million | -100.09% | 1.82x | $356.94 Million |
| ANGLER GAMING PLC EO -01 (0QM) | $12.49 Million | 14.59% | 0.33x | $20.25 Million |
| B90 HOLDINGS PLC (24GN) | $6.62 Million | -25.72% | 0.23x | $3.53 Million |
| DYNAM JAPAN HOLDINGS Co. Ltd (2DJ) | $132.62 Billion | 7.95% | 0.43x | $260.37 Million |
| ENTAIN PLC UNSP.ADR/1 (6GI0) | $3.32 Billion | 0.73% | 1.64x | $4.42 Billion |
| FUTURE GAMING GRP INTL AB (6L50) | $10.41 Million | 97.15% | 1.10x | $18.28 Million |
| GAMBLING.COM GRP ON (6WH) | $118.92 Million | 15.35% | 0.30x | $55.46 Million |
| Kambi Group Plc (7KB) | $172.15 Million | 8.66% | 0.25x | $345.83 Million |
| bet-at-home.com AG (ACX) | $50.89 Million | 45.77% | 0.87x | $21.40 Million |
| 888 Holdings plc (C8V) | $164.70 Million | 25.26% | 1.63x | $245.77 Million |
| Evolution Gaming Group AB (publ) (E3G) | $4.01 Billion | 26.73% | 0.24x | $13.86 Billion |
About CODERE ONLINE LUX. EO 1
Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, and internationally. It offers online casino games available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo, as well as online casino through its website and mobile applications; and online… Read more