Codere Online Luxembourg (MEX:CDRON) Scaled Net Operating Assets: -0.38 (As of Dec. 2025)


MEX:CDRON Codere Online Luxembourg SA MEX:CDRON
74 GF Score
Price MXN155.00
GF Value MXN144.85
! 5 Warning Signs
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What is Codere Online Luxembourg Scaled Net Operating Assets?

Codere Online Luxembourg MEX:CDRON 74 Scaled Net Operating Assets is -0.38 as of Dec. 2025. GuruFocus rates MEX:CDRON with a GF Score™ of 74/100 and a GF Value™ of MXN144.85. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Codere Online Luxembourg's operating assets for the quarter that ended in Dec. 2025 was MXN447 Mil. Codere Online Luxembourg's operating liabilities for the quarter that ended in Dec. 2025 was MXN1,017 Mil. Codere Online Luxembourg's Total Assets for the quarter that ended in Jun. 2025 was MXN1,512 Mil. Therefore, Codere Online Luxembourg's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.38.

Codere Online Luxembourg Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Codere Online Luxembourg's Scaled Net Operating Assets can be seen below:

* 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.

Codere Online Luxembourg Scaled Net Operating Assets Chart

Codere Online Luxembourg Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial -1.43 -0.27 -0.33 -0.39 -0.35

Codere Online Luxembourg Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.39 -0.41 -0.37 -0.38 -0.38

MEX:CDRON vs INSE, GAMB, ROLR: Scaled Net Operating Assets Comparison

For the Gambling subindustry, Codere Online Luxembourg's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Codere Online Luxembourg's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Codere Online Luxembourg's Scaled Net Operating Assets falls into.


MEX:CDRON
74GF Score
Codere Online Luxembourg SA MEX:CDRON
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Codere Online Luxembourg Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Codere Online Luxembourg's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(447.381-1017.005)/1627.837
=-0.35

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1704.87 - 1257.489
=447.381

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1099.802 - 34.051 - 48.746
=1017.005

Codere Online Luxembourg's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(447.381-1017.005)/1512.417
=-0.38

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1704.87 - 1257.489
=447.381

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1099.802 - 34.051 - 48.746
=1017.005

* 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.

What does a Scaled Net Operating Assets of -0.38 mean?
Codere Online Luxembourg (MEX:CDRON) has a Scaled Net Operating Assets of -0.38 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Codere Online Luxembourg and its competitors.
Is Codere Online Luxembourg's Scaled Net Operating Assets too high?
Codere Online Luxembourg's current Scaled Net Operating Assets is -0.38. Overall, Codere Online Luxembourg has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Codere Online Luxembourg's Scaled Net Operating Assets compare to INSE and GAMB?
Codere Online Luxembourg's Scaled Net Operating Assets of -0.38 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Travel & Leisure company?
A good Scaled Net Operating Assets depends on the Travel & Leisure industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Codere Online Luxembourg and its competitors. Codere Online Luxembourg's current Scaled Net Operating Assets is -0.38. 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?
Codere Online Luxembourg (MEX:CDRON) has a current Scaled Net Operating Assets of -0.38. The stock's GF Value™ is MXN144.85, compared to a current price of MXN155.00 — trading 7% above its estimated fair value. The current Scaled Net Operating Assets is -0.38. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Codere Online Luxembourg (MEX:CDRON), the current Scaled Net Operating Assets is -0.38 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 (MEX:CDRON) Overvalued in 2026?

Based on GuruFocus' analysis, Codere Online Luxembourg stock appears to be overvalued. The current stock price of MXN155.00 is trading 7% above its estimated GF Value™ of MXN144.85.

Key valuation signals for MEX:CDRON:

  • Scaled Net Operating Assets: -0.38
  • GF Value™: MXN144.85 vs. price of MXN155.00 (7% above fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the MEX:CDRON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Codere Online Luxembourg Business Description

Other Exchanges CDRO:USA
Address 7 rue Robert Stumper, Luxembourg, LUX, L-2557
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

Get the complete analysis for MEX:CDRON

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN155.00
Price
MXN144.85
GF Value