WallStSmart

Codere Online US Corp (CDRO)vsSGHC Limited (SGHC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SGHC Limited generates 1005% more annual revenue ($2.33B vs $210.41M). SGHC leads profitability with a 10.5% profit margin vs 0.6%. SGHC trades at a lower P/E of 28.1x. SGHC earns a higher WallStSmart Score of 58/100 (C).

CDRO

Avoid

29

out of 100

Grade: F

Growth: 8.0Profit: 5.0Value: 4.0Quality: 5.0
Piotroski: 2/9Altman Z: 0.91

SGHC

Buy

58

out of 100

Grade: C

Growth: 8.7Profit: 8.5Value: 5.3Quality: 6.8
Piotroski: 4/9

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CDRO1 strengths · Avg: 9.0/10
Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

SGHC5 strengths · Avg: 8.6/10
Return on EquityProfitability
31.8%10/10

Every $100 of equity generates 32 in profit

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

Operating MarginProfitability
20.1%8/10

Strong operational efficiency at 20.1%

Revenue GrowthGrowth
18.4%8/10

18.4% revenue growth

EPS GrowthGrowth
46.1%8/10

Earnings expanding 46.1% YoY

Areas to Watch

CDRO4 concerns · Avg: 3.3/10
Price/BookValuation
13.2x4/10

Trading at 13.2x book value

Market CapQuality
$439.69M3/10

Smaller company, higher risk/reward

Profit MarginProfitability
0.6%3/10

0.6% margin — thin

Operating MarginProfitability
2.6%3/10

Operating margin of 2.6%

SGHC2 concerns · Avg: 4.0/10
P/E RatioValuation
28.1x4/10

Moderate valuation

Price/BookValuation
9.1x4/10

Trading at 9.1x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : CDRO

The strongest argument for CDRO centers on Debt/Equity.

Bull Case : SGHC

The strongest argument for SGHC centers on Return on Equity, Debt/Equity, Operating Margin. Revenue growth of 18.4% demonstrates continued momentum.

Bear Case : CDRO

The primary concerns for CDRO are Price/Book, Market Cap, Profit Margin. A P/E of 322.3x leaves little room for execution misses. Thin 0.6% margins leave little buffer for downturns.

Bear Case : SGHC

The primary concerns for SGHC are P/E Ratio, Price/Book.

Key Dynamics to Monitor

CDRO profiles as a value stock while SGHC is a growth play — different risk/reward profiles.

SGHC carries more volatility with a beta of 1.10 — expect wider price swings.

SGHC is growing revenue faster at 18.4% — sustainability is the question.

SGHC generates stronger free cash flow (89M), providing more financial flexibility.

Bottom Line

SGHC scores higher overall (58/100 vs 29/100) and 18.4% revenue growth. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Codere Online US Corp

CONSUMER CYCLICAL · GAMBLING · USA

Codere Online Luxembourg, SA, operator of online games and sports betting in Latin America. The company is headquartered in Luxembourg.

SGHC Limited

CONSUMER CYCLICAL · GAMBLING · USA

Super Group (SGHC) Limited is an online sports betting and gaming operator. The company is headquartered in Saint Peter Port, Guernsey.

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