Codere Online Luxembourg, S.A.

DB:J9T Stock Report

Market Cap: €302.5m

Codere Online Luxembourg Valuation

Is J9T undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of J9T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate J9T's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate J9T's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for J9T?

Key metric: As J9T is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for J9T. This is calculated by dividing J9T's market cap by their current revenue.
What is J9T's PS Ratio?
PS Ratio1.5x
Sales€189.12m
Market Cap€302.54m

Price to Sales Ratio vs Peers

How does J9T's PS Ratio compare to its peers?

The above table shows the PS ratio for J9T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
TIMA ZEAL Network
4.7x9.61%€966.1m
ACX bet-at-home.com
0.4x7.16%€20.7m
HTG HomeToGo
1.4x22.18%€289.1m
IFA LS Invest
2.5xn/a€313.4m
J9T Codere Online Luxembourg
1.5x9.29%€343.7m

Price-To-Sales vs Peers: J9T is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does J9T's PS Ratio compare vs other companies in the DE Hospitality Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
TUI1 TUI
0.1x4.11%US$3.98b
MS1 Marley Spoon Group
0.03x5.07%US$10.68m
9UX Hostmore
0.0006xn/aUS$138.43k
No more companies available in this PS range
J9T 1.5xIndustry Avg. 1.2xNo. of Companies5PS00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: J9T is expensive based on its Price-To-Sales Ratio (1.5x) compared to the European Hospitality industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is J9T's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

J9T PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: J9T is expensive based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst J9T forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.45
€10.08
+56.33%
16.64%€12.46€8.90n/a3
May ’26€6.25
€10.04
+60.61%
16.64%€12.40€8.86n/a3
Apr ’26€6.65
€10.83
+62.84%
16.64%€13.38€9.56n/a3
Mar ’26€7.25
€10.83
+49.37%
16.64%€13.38€9.56n/a3
Feb ’26€6.30
€10.79
+71.26%
16.64%€13.33€9.52n/a3
Jan ’26€6.40
€10.79
+68.58%
16.64%€13.33€9.52n/a3
Dec ’25€7.10
€10.73
+51.08%
16.64%€13.25€9.47n/a3
Nov ’25€7.15
€10.47
+46.38%
16.64%€12.93€9.24n/a3
Oct ’25€7.10
€10.47
+47.41%
16.64%€12.93€9.24n/a3
Sep ’25€6.85
€10.47
+52.79%
16.64%€12.93€9.24n/a3
Aug ’25€7.65
€10.47
+36.81%
16.64%€12.93€9.24n/a3
Jul ’25€7.50
€10.59
+41.25%
21.74%€12.90€8.29n/a2
Jun ’25€6.70
€10.59
+58.12%
21.74%€12.90€8.29n/a2
May ’25€6.40
€9.21
+43.92%
20.00%€11.05€7.37€6.252
Apr ’25€6.35
€9.21
+45.06%
20.00%€11.05€7.37€6.652
Mar ’25€6.10
€7.84
+28.59%
5.88%€8.31€7.38€7.252
Feb ’25€4.00
€6.91
+72.86%
20.00%€8.30€5.53€6.302
Jan ’25€2.60
€6.91
+165.93%
20.00%€8.30€5.53€6.402
Dec ’24€2.94
€6.91
+135.18%
20.00%€8.30€5.53€7.102
Nov ’24€2.70
€6.91
+156.03%
20.00%€8.30€5.53€7.152
Oct ’24€2.80
€6.91
+146.88%
20.00%€8.30€5.53€7.102
Sep ’24€2.74
€6.91
+152.29%
20.00%€8.30€5.53€6.852
Aug ’24€2.86
€7.03
+145.95%
20.00%€8.44€5.63€7.652
Jul ’24€2.80
€7.03
+151.22%
20.00%€8.44€5.63€7.502
Jun ’24€2.98
€7.03
+136.05%
20.00%€8.44€5.63€6.702
May ’24€2.32
€7.03
+203.20%
20.00%€8.44€5.63€6.402
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
€10.03
Fair Value
35.7% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/23 12:02
End of Day Share Price 2025/05/23 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Codere Online Luxembourg, S.A. is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael HickeyBenchmark Company
Ryan SigdahlCraig-Hallum Capital Group LLC
Michael KupinskiNOBLE Capital Markets, Inc.