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Codere Online LuxembourgCDRO -1.15%74 3-Year ROIIC % is 282.93 as of Dec. 2025, which is 60% above its 10-year median of 176.61. GuruFocus rates CDRO with a GF Score™ of 74/100 and a GF Value™ of $8.89 (Fairly Valued). The stock has 5 warning signs investors should review. Among 794 Travel & Leisure companies, Codere Online Luxembourg ranks better than 95.59% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Codere Online Luxembourg's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 282.93%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Codere Online Luxembourg's 3-Year ROIIC % or its related term are showing as below:
CDRO's 3-Year ROIIC % is ranked better than 95.59% of 794
companies
in the Travel & Leisure industry
Industry Median: 3.995
vs CDRO: 282.93
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Codere Online Luxembourg 3-Year ROIIC % Related Terms
Codere Online Luxembourg 3-Year ROIIC % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CDRO vs INSE, MRDN, GAMB: 3-Year ROIIC % Comparison
For the Gambling subindustry, Codere Online Luxembourg's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Codere Online Luxembourg 3-Year ROIIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Codere Online Luxembourg's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Codere Online Luxembourg's 3-Year ROIIC % falls into.
Codere Online Luxembourg's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 2.6264571 (Dec. 2025) - -59.19 (Dec. 2022) )
/
( 34.894 (Dec. 2025) - 13.045 (Dec. 2022) )
=
61.8164571
/
21.849
=
282.93%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Codere Online Luxembourg (CDRO) has a 3-Year ROIIC % of 282.93 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Codere Online Luxembourg and its competitors. This is 60% above median its historical median of 176.61. According to the industry distribution chart, Codere Online Luxembourg ranks #35 out of 794 companies in the Travel & Leisure industry, placing it in the top 4.4%.
Is Codere Online Luxembourg's 3-Year ROIIC % too high?
Codere Online Luxembourg's current 3-Year ROIIC % of 282.93 is 60% above median its 10-year median of 176.61. The Travel & Leisure industry median 3-Year ROIIC % is 4.00. Codere Online Luxembourg's value of 282.93 is 6982.1% above this industry median. Based on the distribution chart, Codere Online Luxembourg ranks #35 out of 794 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Codere Online Luxembourg has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Codere Online Luxembourg's 3-Year ROIIC % compare to INSE and MRDN?
According to the Travel & Leisure industry distribution chart, Codere Online Luxembourg ranks #35 out of 794 companies for 3-Year ROIIC %. This places Codere Online Luxembourg in the top 4% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.00. Codere Online Luxembourg's value of 282.93 is 6982.1% above this benchmark. While the company's 10-year median is 176.61 vs. the industry median of 4.00, Codere Online Luxembourg has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Travel & Leisure company?
The median 3-Year ROIIC % among Travel & Leisure companies is 4.00, based on 794 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codere Online Luxembourg's current 3-Year ROIIC % of 282.93 is 6982.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Codere Online Luxembourg and its competitors. For the Travel & Leisure industry, the median 3-Year ROIIC % is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codere Online Luxembourg's current 3-Year ROIIC % is 282.93, which is 60% above median its own 10-year median of 176.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codere Online Luxembourg stock overvalued right now?
Based on GuruFocus' analysis, Codere Online Luxembourg (CDRO) is currently considered Fairly Valued. The stock's GF Value™ is $8.89, compared to a current price of $9.45 — trading 6.3% above its estimated fair value. The current 3-Year ROIIC % is 282.93, which is 60% above median its 10-year median of 176.61 and 6982.1% above the Travel & Leisure industry median of 4.00. Codere Online Luxembourg's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Codere Online Luxembourg (CDRO), the current 3-Year ROIIC % is 282.93 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Codere Online Luxembourg (CDRO) Overvalued in 2026?
Based on GuruFocus' analysis, Codere Online Luxembourg stock appears to be overvalued.
The current stock price of $9.45 is trading 6.3% above its estimated GF Value™ of $8.89.
GuruFocus considers Codere Online Luxembourg to be Fairly Valued.
Key valuation signals for CDRO:
3-Year ROIIC %: 282.93 (60% above median its 10-year median of 176.61)
GF Value™: $8.89 vs. price of $9.45 (6.3% above fair value)
Industry Position: 6982.1% above the Travel & Leisure median (#35 of 794)
No single metric tells the full story. See the CDRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Mexico, Colombia, and Other countries, where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. The company derives maximum revenue from Mexico.
74GF Score
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