Valuation CD PROJEKT S.A.

Equities

Market Closed - Warsaw S.E. Other stock markets 11:55:41 2024-12-09 am EST			5-day change	1st Jan Change
194.30 ^PLN	-2.78%		+16.21%	+68.96%

Dec. 03	CD PROJEKT : Target upgrade by 0.9%
Nov. 28	CD PROJEKT : Solid 9M 24 results: Project Polaris entered the production phase as planned.

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	26,866	27,650	19,433	13,064	11,490	19,967	-	-
Change	-	2.92%	-29.72%	-32.77%	-12.05%	73.78%	-	-
Enterprise Value (EV) ¹	26,403	26,835	18,495	12,198	10,631	18,512	18,694	19,061
Change	-	1.63%	-31.08%	-34.05%	-12.85%	74.13%	0.99%	1.96%
P/E ratio	161x	23.9x	93.2x	37.7x	24x	61x	100x	33.6x
PBR	24.3x	12.6x	10.3x	-	4.8x	7.61x	7.24x	6.12x
PEG	-	0x	-1.1x	0.6x	0.6x	-1.9x	-2.6x	0x
Capitalization / Revenue	51.5x	12.9x	21.9x	13.7x	9.34x	22.6x	28.1x	15.9x
EV / Revenue	50.7x	12.5x	20.8x	12.8x	8.64x	20.9x	26.4x	15.2x
EV / EBITDA	121x	18.8x	54.8x	24.7x	14.9x	44.9x	58.1x	31.1x
EV / EBIT	146x	23.2x	79.4x	32.3x	22.7x	63x	104x	45.9x
EV / FCF	211x	38.7x	23.6x	81.4x	37.8x	118x	-99x	-1,658x
FCF Yield	0.47%	2.58%	4.24%	1.23%	2.64%	0.85%	-1.01%	-0.06%
Dividend per Share ²	1.05	5	5	-	1	1	0.5926	0.633
Rate of return	0.38%	1.82%	2.59%	-	0.87%	0.5%	0.3%	0.32%
EPS ²	1.74	11.49	2.07	3.44	4.8	3.276	1.993	5.956
Distribution rate	60.3%	43.5%	242%	-	20.8%	30.5%	29.7%	10.6%
Net sales ¹	521.3	2,139	888.2	952.6	1,230	884.1	709.4	1,255
EBITDA ¹	217.8	1,425	337.6	494.8	714.1	411.8	321.7	612.9
EBIT ¹	180.3	1,157	232.9	377.3	469	293.9	179.6	415.5
Net income ¹	175.3	1,154	208.9	347.1	481.1	327.7	202.7	384.9
Net Debt ¹	-462.4	-815.2	-937.5	-866.2	-858.9	-1,456	-1,273	-905.7
Reference price ²	279.50	274.70	192.90	129.64	115.00	199.85	199.85	199.85
Nbr of stocks (in thousands)	96,120	100,655	100,739	100,771	99,911	99,911	-	-
Announcement Date	4/8/20	4/22/21	4/14/22	3/30/23	3/28/24	-	-	-

¹PLN in Million²PLN

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
CD PROJEKT S.A.	61.01x	20.94x	44.95x	+0.50%	4.95B
ADOBE INC.	44.84x	11.18x	22.28x	-.--%	243B
APPLOVIN CORPORATION	99.11x	29.89x	52.21x	-.--%	135B
WORKDAY INC.	123.94x	7.85x	26.99x	-.--%	70.87B
AUTODESK, INC.	61.83x	10.85x	28.51x	-.--%	66.11B
ROPER TECHNOLOGIES, INC.	41.72x	9.53x	23.51x	+0.51%	59.1B
DATADOG, INC.	355.91x	20.53x	76.97x	-.--%	57.29B
ELECTRONIC ARTS INC.	40.11x	5.54x	15.4x	+0.47%	43.8B
ANSYS, INC.	52.33x	11.84x	25.6x	-.--%	30.2B
PTC INC.	51.29x	9.84x	22.64x	-.--%	24.14B
Average	93.21x	13.80x	33.91x	+0.15%	73.46B
Weighted average by Cap.	88.31x	14.57x	33.04x	+0.07%