We do not publish a verdict for Codere Online Luxembourg S.A (CDRO) and Churchill Downs Inc (CHDN) is undervalued.
We publish an intrinsic value for CHDN but not for CDRO, so the two cannot be ranked on price.
Values as of the 22 Sept 2026 close.
We do not publish a value for this company: we do not know what margin it earns.
Leak Score 0/100 on 1 of 12 signals
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $191.80; the price of $79.49 is 59% below that value, and 83% of that value comes from beyond year five.
Leak Score 70/100 on 3 of 12 signals
| Metric | CDRO | CHDN |
|---|---|---|
| Verdict | Not valued | Undervalued |
| Price | $9.00 | $79.49 |
| Intrinsic value | — | $191.80 |
| Margin of safety | — | +59% |
| Leak Score | 0/100 (1/12) | 70/100 (3/12) |
| Market cap | $409M | $5.5B |
| Revenue growth, 5 years | 24.2% | 22.6% |
| Operating margin | — | 25.8% |
| Net margin | -0.8% | 13.7% |
| Return on equity | -6.6% | 34.3% |
| Debt to equity | 0.05 | 3.57 |
| P/E | — | 13.6x |
| Forward P/E | 14.6x | 10.7x |
| P/B | 9.3x | 4.2x |
| Dividend yield | — | 0.6% |