Codere Online Luxembourg Stock Price To Book

CDROW Stock  USD 0.76  0.03  3.80%   
Codere Online Luxembourg fundamentals help investors to digest information that contributes to Codere Online's financial success or failures. It also enables traders to predict the movement of Codere Stock. The fundamental analysis module provides a way to measure Codere Online's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Codere Online stock.
Price To Book Ratio is likely to climb to 4.21 in 2024.
  
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Codere Online Luxembourg Company Price To Book Analysis

Codere Online's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

P/B

 = 

MV Per Share

BV Per Share

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Codere Price To Book Driver Correlations

Understanding the fundamental principles of building solid financial models for Codere Online is extremely important. It helps to project a fair market value of Codere Stock properly, considering its historical fundamentals such as Price To Book. Since Codere Online's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Codere Online's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Codere Online's interrelated accounts and indicators.
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Competition

Codere Book Value Per Share

Book Value Per Share

0.47

At this time, Codere Online's Book Value Per Share is fairly stable compared to the past year.
Based on the latest financial disclosure, Codere Online Luxembourg has a Price To Book of 0.0 times. This is 100.0% lower than that of the Hotels, Restaurants & Leisure sector and 100.0% lower than that of the Consumer Discretionary industry. The price to book for all United States stocks is 100.0% higher than that of the company.

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Codere Fundamentals

About Codere Online Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Codere Online Luxembourg's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Codere Online using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Codere Online Luxembourg based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Codere Stock Analysis

When running Codere Online's price analysis, check to measure Codere Online's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Codere Online is operating at the current time. Most of Codere Online's value examination focuses on studying past and present price action to predict the probability of Codere Online's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Codere Online's price. Additionally, you may evaluate how the addition of Codere Online to your portfolios can decrease your overall portfolio volatility.