Codere Online US Corp (CDRO) - Net Assets
Based on the latest financial reports, Codere Online US Corp (CDRO) has net assets worth $28.70 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($80.86 Million) and total liabilities ($52.16 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. Check Codere Online US Corp (CDRO) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $28.70 Million |
| % of Total Assets | 35.49% |
| Annual Growth Rate | N/A |
| 5-Year Change | -57.89% |
| 10-Year Change | N/A |
| Growth Volatility | 32.77 |
Codere Online US Corp - Net Assets Trend (2018–2025)
This chart illustrates how Codere Online US Corp's net assets have evolved over time, based on quarterly financial data. See how many days can Codere Online US Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Codere Online US Corp (2018–2025)
The table below shows the annual net assets of Codere Online US Corp from 2018 to 2025. For live valuation and market cap data, see Codere Online US Corp (CDRO) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $28.70 Million | +18.49% |
| 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 14563600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $45.64 Million | 159.89% |
| Other Comprehensive Income | $21.62 Million | 75.74% |
| Other Components | $106.92 Million | 374.55% |
| Total Equity | $28.55 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 |
|---|---|
|
MiCo Ltd
KQ:059090
|
$440.76 Million |
|
Zhuhai Kles Technology Co. Ltd. A
SHE:301314
|
$440.78 Million |
|
Brainsway Ltd
TA:BWAY
|
$440.88 Million |
|
Jiangling Motors Corp Ltd
SHE:200550
|
$440.89 Million |
|
Caledonia Mining Corporation
NYSE MKT:CMCL
|
$440.34 Million |
|
Guangzhou Shangpin Home Collection Co Ltd
SHE:300616
|
$440.24 Million |
|
Jiangsu Skyray Instrument Co
SHE:300165
|
$440.13 Million |
|
Sichuan Meifeng Chemical Industry Co Ltd
SHE:000731
|
$440.10 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 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 comprehensive income increased equity by 3,033,000.
- Other factors increased equity by 2,509,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.29 Million | +4.53% |
| Share Repurchases | $2.36 Million | -8.26% |
| Other Comprehensive Income | $3.03 Million | +10.62% |
| Other Changes | $2.51 Million | +8.79% |
| Total Change | $- | 18.59% |
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: 16.40x
- 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 | $10.20 | x |
| 2019-12-31 | $-523.82 | $10.20 | x |
| 2020-12-31 | $-4.51 | $10.20 | x |
| 2021-12-31 | $1.50 | $10.20 | x |
| 2022-12-31 | $0.54 | $10.20 | x |
| 2023-12-31 | $0.47 | $10.20 | x |
| 2024-12-31 | $0.52 | $10.20 | x |
| 2025-12-31 | $0.62 | $10.20 | 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): 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 (-40.11%), 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% | -26.29% | 1.39x | 0.00x | $-13.05 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 |
| 2025 | 4.53% | 0.61% | 2.60x | 2.83x | $-1.56 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: $760,626,176
- Average return on equity (ROE) among peers: -18.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Codere Online US Corp (CDRO) | $28.70 Million | 0.00% | 1.82x | $440.60 Million |
| Accel Entertainment Inc (ACEL) | $198.40 Million | 22.98% | 3.60x | $1.03 Billion |
| PlayAGS Inc (AGS) | $41.57 Million | -54.30% | 16.63x | $518.40 Million |
| Brightstar Lottery PLC (BRSL) | $1.59 Billion | 9.25% | 4.76x | $2.09 Billion |
| Churchill Downs Incorporated (CHDN) | $700.00 Million | 6.62% | 2.37x | $5.86 Billion |
| DraftKings Inc (DKNG) | $1.68 Billion | -90.75% | 1.42x | $12.65 Billion |
| Everi Holdings Inc (EVRI) | $143.48 Million | 12.19% | 2.19x | $1.24 Billion |
| Gambling.com Group Ltd (GAMB) | $123.19 Million | 24.90% | 0.45x | $83.18 Million |
| Gan Ltd (GAN) | $15.53 Million | -47.67% | 0.31x | $91.53 Million |
| International Game Technology PLC (IGT) | $2.35 Billion | -45.38% | 5.44x | $3.31 Billion |
About 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, 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