Codere Online US Corp
Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, Colombia, Panama, Argentina, 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 mo… Read more
Codere Online US Corp (CDRO) - Net Assets
Latest net assets as of September 2025: $26.55 Million USD
Based on the latest financial reports, Codere Online US Corp (CDRO) has net assets worth $26.55 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($80.49 Million) and total liabilities ($53.93 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $26.55 Million |
| % of Total Assets | 32.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 32.23 |
Codere Online US Corp - Net Assets Trend (2018–2024)
This chart illustrates how Codere Online US Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Codere Online US Corp (2018–2024)
The table below shows the annual net assets of Codere Online US Corp from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $24.22 Million | +13.78% |
| 2023-12-31 | $21.29 Million | -13.28% |
| 2022-12-31 | $24.55 Million | -63.98% |
| 2021-12-31 | $68.15 Million | +270.71% |
| 2020-12-31 | $-39.92 Million | -27.42% |
| 2019-12-31 | $-31.33 Million | -61.93% |
| 2018-12-31 | $-19.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Codere Online US Corp'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 14692800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $45.49 Million | 188.99% |
| Other Comprehensive Income | $18.59 Million | 77.22% |
| Other Components | $106.92 Million | 444.19% |
| Total Equity | $24.07 Million | 100.00% |
Codere Online US Corp Competitors by Market Cap
The table below lists competitors of Codere Online US Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BCB Bancorp Inc
NASDAQ:BCBP
|
$124.37 Million |
|
Westrock Coffee Company
NASDAQ:WEST
|
$124.38 Million |
|
Beijing Hengyu Datacom Aviation Equipment co. LTD
SHE:300965
|
$124.43 Million |
|
Accesso Technology Group PLC
PINK:LOQPF
|
$124.47 Million |
|
Braemar Hotel & Resorts Inc
NYSE:BHR
|
$124.35 Million |
|
SIDETRADE EO 1
F:7QG
|
$124.34 Million |
|
Shenzhen Tongye Technology Co.Ltd.
SHE:300960
|
$124.32 Million |
|
Atrys Health SL
MC:ATRY
|
$124.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Codere Online US Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,139,000 to 24,071,000, a change of 2,932,000 (13.9%).
- Net income of 3,908,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 18,588,000.
- Other factors decreased equity by 19,564,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.91 Million | +16.24% |
| Other Comprehensive Income | $18.59 Million | +77.22% |
| Other Changes | $-19.56 Million | -81.28% |
| Total Change | $- | 13.87% |
Book Value vs Market Value Analysis
This analysis compares Codere Online US Corp'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: 15.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $-0.43 | $8.14 | x |
| 2019-12-31 | $-523.82 | $8.14 | x |
| 2020-12-31 | $-4.51 | $8.14 | x |
| 2021-12-31 | $1.50 | $8.14 | x |
| 2022-12-31 | $0.54 | $8.14 | x |
| 2023-12-31 | $0.47 | $8.14 | x |
| 2024-12-31 | $0.52 | $8.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Codere Online US Corp 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): 16.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.95%
- • Asset Turnover: 2.69x
- • Equity Multiplier: 3.10x
- Recent ROE (16.24%) is above the historical average (-47.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -26.13% | 1.39x | 0.00x | $-12.95 Million |
| 2020 | 0.00% | -23.09% | 3.80x | 0.00x | $-12.28 Million |
| 2021 | -100.01% | -84.75% | 0.76x | 1.55x | $-74.81 Million |
| 2022 | -190.08% | -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 |
Industry Comparison
This section compares Codere Online US Corp's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Codere Online US Corp (CDRO) | $26.55 Million | 0.00% | 2.03x | $124.37 Million |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |