Codere Online Luxembourg, S.A. (CDRO) Fair Value 2026

CDRO · Gambling ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

7.1 /10

32 fundamental signals · 7 models active

Value Trap Risk

SAFE (12/100)

Quick Summary — As of 2026-08-28, Codere Online Luxembourg, S.A. (CDRO) trades at $9.00, versus a $3.17 median fair value across its 7 active models — 64.8% below the current price. QOC: 7.1/10. Value Trap Risk: 12/100 (SAFE). 7/13 models active. Within that set, the Bayesian DCF component alone returns $1.40.

Key Facts

Ticker
CDRO
Price
$9.00
Quality Score
7.1/10
Value Trap Risk
12/100
Models Active
7/13
Last Updated
Strength: 7 independent models provide multi-angle coverage
Risk: Majority of models suggest overvaluation

Is Codere Online Luxembourg, S.A. (CDRO) Undervalued or Overvalued in 2026?

According to CirclFi’s 7-model valuation engine, Codere Online Luxembourg, S.A. (CDRO) appears overvalued as of : the median of 7 independent fair value estimates is $3.17, 64.8% below the current price of $9.00. Estimates range from $1.40 to $14.71. CDRO scores 7.1/10 on fundamental quality and 12/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. CDRO’s -64.8% gap is wider than that market norm. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Codere Online Luxembourg, S.A. Stock in 2026? →

What Fair Value Does Each Model Give CDRO?

7 Intrinsic Value Models vs. Current Price ($9.00)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · Low Conviction
 $1.40 -84.4%
Ensemble · Low Conviction
 $3.17 -64.8%
Scenario · Medium Conviction
 $4.95 -45.1%
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What Is CDRO's Fair Value Range?

Spread across 7 independent models · $1.40 to $14.71

CirclFi's 7 active models place Codere Online Luxembourg, S.A. (CDRO) between $1.40 and $14.71 per share, a spread of 420% of the median. The median of that range — $3.17 — is the fair value CirclFi publishes for CDRO, against a current price of $9.00.

Low · Bayesian DCFHigh · Regime Cross
$1.40median $3.17$14.71
Where the range comes from
Most bearish modelBayesian DCF$1.40
Most bullish modelRegime Cross-Sectional$14.71
Model agreement1 bullish · 6 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for CDRO. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on CDRO, not a CirclFi price target. How each model works →

What Is Codere Online Luxembourg, S.A. (CDRO) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Codere Online Luxembourg, S.A.'s intrinsic value is estimated at $3.17. Trading at its current price of $9.00, the valuation engine raises significant caution: 6 of 7 models flag downside risk, projecting a median implied return of -64.8%. Model dispersion is worth noting: Regime Cross targets $14.71 (+63.5%), versus Bayesian DCF at $1.40 (-84.4%). This +147.9% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About CDRO?

7 of 13 models are currently active for CDRO. Of these, 1 model suggests upside while 6 models suggest overvaluation. Taken together, their median fair value for CDRO is $3.17 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $1.40 on its own, implying -84.4% downside from the current price. See which stocks rank higher →

How Does CDRO Rank in Gambling?

Among 17 Gambling stocks, CDRO ranks #9 by Quality of Company score. CirclFi's QOC score of 7.1/10 evaluates 32 fundamental signals. A score of 7.1 indicates above-average quality.

Codere Online Luxembourg, S.A. operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is CDRO a Value Trap?

CirclFi's Value Trap algorithm assigns CDRO a score of 12/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

7 of 13 models are active for Codere Online Luxembourg, S.A.. Moderate coverage provides meaningful perspective. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Codere Online Luxembourg, S.A. scores 7.1 out of 10 on our 32-signal quality assessment, a solid rating that maintains reasonable quality metrics with some areas for improvement. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +147.9% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every CDRO valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across CDRO's 7 active models, average confidence is 20%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Codere Online Luxembourg, S.A. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Gambling Stocks Should You Also Analyze?

11 related Gambling stocks with 13-model coverage

MRDNMeridian Holdings Inc.QOC 7.2INSEInspired Entertainment, Inc.QOC 6.6DKNGDraftKings Inc.QOC 7.4FLUTFlutter Entertainment plcQOC 6.3SGHCSuper Group (SGHC) LimitedQOC 7.6BRAGBragg Gaming Group Inc.QOC 6.2ROLRHigh Roller Technologies, Inc.QOC 5.6AAPIApple iSports Group, Inc.QOC 3.1GLXZGalaxy Gaming, Inc.QOC 8.1ACELAccel Entertainment, Inc.QOC 8.9CHDNChurchill Downs IncorporatedQOC 8.6

Read investment analysis: MRDN · INSE · DKNG · FLUT · SGHC · BRAG · ROLR · AAPI · GLXZ · ACEL · CHDN

Which Other Stocks Have a Similar Quality Score to CDRO?

7 companies across all industries closest to CDRO’s Quality of Company score of 7.1/10.

CVGICommercial Vehicle Group, Inc.QOC 7.1SDHCSmith Douglas Homes Corp.QOC 7.1DHXDHI Group, Inc.QOC 7.1CEVACEVA, Inc.QOC 7.1ALLYAlly Financial Inc.QOC 7.1EFOREverforth, Inc.QOC 7.1NVDANVIDIA CorporationQOC 10.0

Read investment analysis: CVGI · SDHC · DHX · CEVA · ALLY · EFOR · NVDA

What Else Do Investors Ask About Codere Online Luxembourg, S.A.’s Valuation?

What is Codere Online Luxembourg, S.A.'s intrinsic value in 2026?

CirclFi puts Codere Online Luxembourg, S.A. (CDRO)'s intrinsic value at $3.17 — the median of 7 independent model estimates as of 2026-08-28, ranging from $1.40 to $14.71. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $1.40 on its own. The Quality of Company score is 7.1/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is CDRO overvalued or undervalued right now?

At $9.00, 1 of 7 active models suggest CDRO may be undervalued, while 6 indicate potential overvaluation. The median of all 7 fair value estimates is $3.17, 64.8% below the current price of $9.00 — a consensus view that CDRO is overvalued. The assessment depends on which methodology best fits Codere Online Luxembourg, S.A.'s business model in Gambling.

What does a Quality of Company score of 7.1 mean for CDRO?

Codere Online Luxembourg, S.A.'s QOC of 7.1/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on CDRO?

CirclFi analyzes CDRO with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 7 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on CDRO?

Of the 7 models currently active on CDRO, Regime Cross-Sectional is the most bullish at $14.71 per share, and Bayesian DCF is the most bearish at $1.40. CirclFi's published fair value for CDRO is the median of that range, $3.17, not either extreme. The gap between the two ends equals 420% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is CDRO a value trap in 2026?

Codere Online Luxembourg, S.A.'s Value Trap score is 12/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 7-model valuation engine, Codere Online Luxembourg, S.A. (CDRO) has a median fair value of $3.17 — 64.8% below the current price of $9.00 — as of 2026-08-28.” Source: circlfi.com/stock/CDRO/ · Methodology
Primary sources for this CDRO valuation
  • Financial statements: Codere Online Luxembourg, S.A. 10-K and 10-Q filings on SEC EDGAR (CIK 0001866782) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for CDRO as of ; valuations recomputed .

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