Codere, S.A., together with its subsidiaries, engages in the private gaming business in Spain, Italy, Argentina, Brazil, Colombia, Mexico, Panama, and Uruguay.
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Codere's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 4CD1's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 4CD1 underperformed the German Hospitality industry which returned -34.4% over the past year.
Return vs Market: 4CD1 underperformed the German Market which returned 4.5% over the past year.
Price Volatility Vs. Market
How volatile is Codere's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Codere undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 4CD1 (€1.46) is trading below our estimate of fair value (€14.39)
Significantly Below Fair Value: 4CD1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 4CD1 is unprofitable, so we can't compare its PE Ratio to the DE Hospitality industry average.
PE vs Market: 4CD1 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 4CD1's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 4CD1 has negative assets, so we can't compare its PB Ratio to the DE Hospitality industry average.
How is Codere forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4CD1 is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: 4CD1 is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: 4CD1 is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: 4CD1's revenue (9.6% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: 4CD1's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 4CD1's Return on Equity is forecast to be high in 3 years time
How has Codere performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 4CD1 is currently unprofitable.
Growing Profit Margin: 4CD1 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 4CD1 is unprofitable, but has reduced losses over the past 5 years at a rate of 35% per year.
Accelerating Growth: Unable to compare 4CD1's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 4CD1 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-15.6%).
Return on Equity
High ROE: 4CD1's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Codere's financial position?
Financial Position Analysis
Short Term Liabilities: 4CD1 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 4CD1 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 4CD1 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 4CD1's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 4CD1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 4CD1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.5% per year.
What is Codere current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 4CD1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 4CD1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 4CD1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 4CD1's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 4CD1's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Vicente Gabriel Di Loreto (54yo)
Mr. Vicente Gabriel di Loreto has been the Chief Executive Officer of Codere, S.A. He served as Operations Manager of Latin America at Codere, S.A. Mr. Di Loreto was with Grupo Clarín since 1998. He has he ...
|Independent Director||4.25yrs||€252.00k||0.020% €37.0k|
|Non-Executive Chairman & Independent Lead Director||no data||€350.00k||0.070% €129.4k|
Experienced Board: 4CD1's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Codere, S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Codere, S.A.
- Ticker: 4CD1
- Exchange: DB
- Founded: 1980
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: €184.624m
- Shares outstanding: 118.35m
- Website: https://www.grupocodere.com
Number of Employees
- Codere, S.A.
- Avenida Bruselas, 26
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CDR||BME (Bolsas y Mercados Espanoles)||Yes||Bearer Shares||ES||EUR||Oct 2007|
|4CD1||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Oct 2007|
|CODE.F||OTCPK (Pink Sheets LLC)||Yes||Bearer Shares||US||USD||Oct 2007|
|0SYQ||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||EUR||Oct 2007|
|CDRE||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Bearer Shares||GB||EUR||Oct 2007|
Codere, S.A., together with its subsidiaries, engages in the private gaming business in Spain, Italy, Argentina, Brazil, Colombia, Mexico, Panama, and Uruguay. It operates amusement and gaming machines, bookmakers, bingo halls, casinos, and racetracks. The company is also involved in the distribution and sale of gaming machines; television and telephone gaming, online gaming, portfolio management, and network concession activities; operation, administration, and development of horse and greyhound race tracks and sports shows; and operation, administration, and management of hotels, gaming rooms, slot machine rooms, and related activities. In addition, it provides real estate advisory, intermediation, development, and management services, as well as financial, advisory, other business support services; and staff administration, hiring, labour advisory and assistance, and payroll services. The company operates approximately 57,000 machines, 29,537 bingo stations, and 7,700 sports betting terminals in 148 gaming halls, as well as 1,119 salons, 10,000 bars, 602 sports betting shops, and 4 racetracks; and develops online gaming. Codere, S.A. was founded in 1980 and is headquartered in Alcobendas, Spain.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/14 21:52|
|End of Day Share Price||2020/07/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.