CDRO vs SGHC vs FLUT Stock Comparison

Codere Online Luxembourg, Super Group (SGHC) and Flutter Entertainment Prices as of Oct 26, 2026 Peers: Industry group
SGHC Super Group (SGHC) Ltd
$10.86 -9.3% 1M -9.0% 1Y
Market cap
$5.32B
P/E
14.4x
Revenue (TTM)
$2.43B
Div. yield
–
Sports Betting Consumer Discretionary
7 wins
FLUT Flutter Entertainment plc
$80.18 -4.1% 1M -67.1% 1Y
Market cap
$13.71B
P/E
–
Revenue (TTM)
$17.16B
Div. yield
–
Sports Betting Consumer Discretionary
1 win

Head to Head

10 decided of 12

Super Group (SGHC) leads on 7 of the 12 questions below (Super Group (SGHC) 7, Codere Online Luxembourg 2, Flutter Entertainment 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCDROSGHCFLUTLeader
Larger companyMarket capitalisation $434.48M $5.32B $13.71B FLUT
Cheaper on earningsLower P/E, profitable companies only — 14.4x -18.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.9x 13.6x 18.2x SGHC
Faster revenue growthRevenue growth, trailing twelve months — +17.3% +15.2% SGHC
More profitableNet margin, trailing twelve months — 15.2% -4.4% SGHC
Better return on capitalReturn on invested capital — 39.5% -3.0% SGHC
Less leveragedLower net debt / EBITDA — -0.8x 10.1x SGHC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +40.4% -9.0% -67.1% CDRO
Better 5-year returnAnnualised price return, 5 years -1.6%/yr -0.7%/yr -16.4%/yr SGHC
Less volatileAnnualised volatility, 1 year 31.7% 43.9% 51.1% CDRO
Higher overall scoreMean of the five percentile scores vs peers — 87/100 42/100 SGHC

Percentile Scorecard

CDROSGHCFLUT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCDROSGHCFLUT
Valuation – 70 #14 of 44 54 #21 of 44
Growth – 100 #1 of 43 21 #34 of 43
Profitability – 100 #1 of 41 33 #28 of 41
Financial Health 80 #10 of 47 98 #2 of 47 39 #29 of 47
Shareholder Returns – 67 #10 of 28 63 #11 of 28
Overall – 87 42
  • CDRO ranked among 48 companies in Gaming and Leisure
  • SGHC ranked among 48 companies in Gaming and Leisure
  • FLUT ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCDROSGHCFLUTSPY
1 month -8.0%-9.3%-4.1% -0.8%
3 months -1.9%-25.9%-24.2% +3.5%
6 months +3.5%-13.0%-27.7% +7.0%
Year to date +14.7%-9.1%-62.7% +12.2%
1 year +40.4%-9.0%-67.1% +13.0%
3 years +204.0%+208.5%-48.3% +86.3%
3 years, per year +44.9%+45.6%-19.7% +23.1%
5 years -7.7%-3.2%-59.1% +68.6%
5 years, per year -1.6%-0.7%-16.4% +11.0%
10 years ——-30.0% +258.0%
10 years, per year ——-3.5% +13.6%

Risk

MeasureCDROSGHCFLUTSPY
Volatility, 1Y 31.7%43.9%51.1% 12.7%
Downside volatility, 1Y 29.5%42.9%57.7% 12.7%
Beta vs S&P 500, 1Y 0.450.630.78 1.00
Return / volatility, 1Y 1.27-0.20-1.31 1.02
Max drawdown, 5Y -79.0%-78.5%-75.9% -25.4%
From 52-week high -9.7%-30.3%-67.2% -1.8%
52-week high $10.20$15.58$244.54 $779.14
52-week low $5.43$8.52$74.27 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCDROSGHCFLUT
P/E now vs peer median —median 17.1x 14.8xmedian 17.1x -18.6xmedian 17.1x
P/S now vs peer median —median 1.9x 2.3xmedian 1.9x 0.8xmedian 1.9x
EV/EBITDA now vs peer median —median 10.9x 8.0xmedian 10.9x 23.7xmedian 10.9x
P/FCF now vs peer median —median 11.4x —median 11.4x 11.2xmedian 11.4x
P/B now vs peer median 9.5xmedian 2.5x 6.6xmedian 2.5x 1.5xmedian 2.5x
PEG now vs peer median —median 0.57 0.21median 0.57 —median 0.57

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCDROSGHCFLUT
Revenue – $2.43B $17.16B
Gross profit – – $7.29B
Operating income – – -$641.00M
Net income – $372.40M -$866.00M
Free cash flow – – $1.24B
R&D – – $1.08B
EPS (diluted) – $0.73 $-4.31
Cash & equivalents $71.43M $548.00M $1.56B
Total debt – $26.00M $11.98B
Shares (diluted) 45.89M 507.84M 175.00M
Enterprise value $163.28M $3.37B $7.08B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCDROSGHCFLUT
P/E – 14.8x -18.6x
P/FCF – – 11.2x
P/Operating cash flow – – 10.5x
P/S – 2.3x 0.8x
P/B 9.5x 6.6x 1.5x
P/Tangible book 9.5x 10.8x 5.6x
EV/EBITDA – 8.0x 23.7x
EV/EBIT – 11.1x -38.0x
EV/Revenue – 2.0x 1.4x
EV/FCF – – 19.6x
EV/Operating cash flow – – 18.3x
PEG (3Y EPS CAGR) – 0.21 –

Growth

14 metrics
MetricCDROSGHCFLUT
Revenue growth (1Y) – 17.3% 15.2%
Revenue CAGR (3Y) – 19.5% –
Gross profit growth (1Y) – – 4.2%
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – -164.9%
Operating income CAGR (3Y) – – –
Net income growth (1Y) – 174.9% -309.2%
Net income CAGR (3Y) – 70.3% –
EPS growth (1Y) – 172.1% -310.7%
EPS CAGR (3Y) – 69.8% –
Operating cash flow growth (1Y) – – -10.7%
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – -7.2%
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricCDROSGHCFLUT
Gross margin – – 42.5%
EBITDA margin – 25.5% 6.0%
Operating margin – – -3.7%
Pretax margin – 18.3% -4.3%
Net margin – 15.2% -4.4%
FCF margin – – 7.2%
Operating cash flow margin – – 7.8%
Return on equity – 47.9% -9.5%
Return on assets – 28.7% -3.1%
Return on invested capital – 39.5% -3.0%
Return on capital employed – 35.6% -2.8%
Asset turnover – 1.9x 0.6x
Cash conversion (OCF / net income) – – -1.5x
Stock comp / revenue – 1.7% 1.4%

Financial Health

11 metrics
MetricCDROSGHCFLUT
Debt / assets – 1.9% 42.5%
Debt / equity – 0.0x 1.3x
Net debt / EBITDA – -0.8x 10.1x
Debt / FCF – – 9.6x
Liabilities / assets 61.1% 39.2% 68.2%
Equity / assets 38.9% 60.8% 31.8%
Interest coverage – 149.0x –
Current ratio 1.5x – 0.9x
Quick ratio 1.5x 17.8x 0.4x
Cash ratio 1.3x 13.0x 0.3x
Altman Z-score – – 1.33

Shareholder Returns

7 metrics
MetricCDROSGHCFLUT
Dividend yield – 4.1% –
Net buyback yield – – 5.7%
Shareholder yield – 4.1% 5.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCDROSGHCFLUT
Forward P/E 27.9xFY2026 13.6xFY2026 18.2xFY2026
EPS, next fiscal year $0.33FY2026 $0.80FY2026 $4.40FY2026
EPS growth, next FY – +86.0%FY2026 -44.6%FY2026
EPS growth, the year after +84.8% +23.7% +49.8%
Revenue, next fiscal year $304.93MFY2026 $2.52BFY2026 $16.91BFY2026
Revenue growth, next FY +15.9%FY2026 +14.5%FY2026 +3.2%FY2026
Revenue growth, the year after -4.1% +8.9% +18.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCDROSGHCFLUT
Held by institutions 12.2% 23.8% –
Institutions holding 20 196 –
Change in shares held, QoQ +0.4% +21.4% –
Institutions buying 10 118 –
Institutions selling 4 59 –
Buyers to sellers 2.50 2.00 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CDROSGHCFLUT
CDRO 1.00 0.06 0.18
SGHC 0.06 1.00 0.37
FLUT 0.18 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CDRO, SGHC and FLUT?

Flutter Entertainment (FLUT) is the largest by market capitalisation: Codere Online Luxembourg (CDRO) $434.48M, Super Group (SGHC) (SGHC) $5.32B, Flutter Entertainment (FLUT) $13.71B.

Which company is growing faster?

Super Group (SGHC) (SGHC) grew revenue fastest over the trailing twelve months: Super Group (SGHC) (SGHC) +17.3%, Flutter Entertainment (FLUT) +15.2%.

Which company is more profitable?

Super Group (SGHC) (SGHC) has the highest net margin (Super Group (SGHC) (SGHC) 15.2%, Flutter Entertainment (FLUT) -4.4%). On return on invested capital, Super Group (SGHC) (SGHC) leads (Super Group (SGHC) (SGHC) 39.5%, Flutter Entertainment (FLUT) -3.0%).

Which stock has performed better?

Over the past year Codere Online Luxembourg (CDRO) returned the most: Codere Online Luxembourg (CDRO) +40.4%, Super Group (SGHC) (SGHC) -9.0%, Flutter Entertainment (FLUT) -67.1%. Over five years, Super Group (SGHC) (SGHC) compounded fastest (Codere Online Luxembourg (CDRO) -1.6%/yr, Super Group (SGHC) (SGHC) -0.7%/yr, Flutter Entertainment (FLUT) -16.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Codere Online Luxembourg (CDRO) has been the steadiest (Codere Online Luxembourg (CDRO) 31.7%, Super Group (SGHC) (SGHC) 43.9%, Flutter Entertainment (FLUT) 51.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CDRO, SGHC and FLUT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Super Group (SGHC) (SGHC) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.