Is Codere Online Luxembourg, S.A. (CDRO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Gambling | ✗ NOT HALAL | |||
| DJIM | Excluded — Gambling | ✗ NOT HALAL | |||
| MSCI | Excluded — Gambling | ✗ NOT HALAL | |||
| S&P | Excluded — Gambling | ✗ NOT HALAL | |||
| FTSE | Excluded — Gambling | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 91.2% | |
| Operating Margin | 2.9% | |
| Net Margin | 0.5% | |
| Return on Equity (ROE) | 5.1% | |
| Return on Assets (ROA) | 5.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $4M |
| Free Cash Flow | $4M |
| Total Debt | $5M |
| Debt-to-Equity | 18.0 |
| Current Ratio | 1.4 |
| Total Assets | $75M |
Price & Trading
| Last Close | $8.51 |
| 50-Day MA | $8.01 |
| 200-Day MA | $7.62 |
| Avg Volume | 13K |
| Beta | 0.4 |
|
52-Week Range
$5.18
| |
About Codere Online Luxembourg, S.A. (CDRO)
Codere Online Luxembourg, S.A., together with its subsidiaries, operates as an online casino gaming and sports betting company in Spain, Mexico, Colombia, Panama, Argentina, and internationally. It offers online casino games available in land-based casinos, gaming halls, and gambling establishments, such as slot machines, table games, and bingo, as well as online casino through its website and mobile applications; and online sports betting and other bets under the Codere brand. The company is headquartered in Luxembourg, Luxembourg.
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Frequently Asked Questions
Is Codere Online Luxembourg, S.A. (CDRO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Codere Online Luxembourg, S.A. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Codere Online Luxembourg, S.A.'s debt ratio?
Codere Online Luxembourg, S.A.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Codere Online Luxembourg, S.A.'s key financial metrics?
Codere Online Luxembourg, S.A. has a market capitalization of $377M, trailing P/E ratio of 414.0, and revenue of $201M. The company maintains a gross margin of 91.2% and a net margin of 0.5%. Return on equity stands at 5.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.