PLAYWAY S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 296.5 PLN | +2.07% |
|
-1.82% | -7.34% |
| Apr. 23 | An unknown buyer acquired a 20.93% stake in 3R Games S.A. from PlayWay S.A.. | CI |
| 2023 | PlayWay S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 891 | 1,577 | 4,178 | 2,759 | 2,046 | 1,957 | 1,957 | - |
| Enterprise Value (EV) 1 | 821.7 | 1,479 | 3,997 | 2,495 | 1,806 | 1,801 | 1,716 | 1,648 |
| P/E ratio | 19 x | 18.1 x | 20.9 x | 21.7 x | 18.2 x | 11.7 x | 8.58 x | 6.77 x |
| Yield | 1.84% | 1.04% | 1.49% | 4.6% | - | 5.69% | 3.58% | 4.89% |
| Capitalization / Revenue | 11.3 x | 13.6 x | 23 x | 10.9 x | 7.95 x | 6.69 x | 5.76 x | 5.37 x |
| EV / Revenue | 10.4 x | 12.7 x | 22 x | 9.83 x | 7.02 x | 6.15 x | 5.05 x | 4.52 x |
| EV / EBITDA | 16.4 x | 17.8 x | 33.6 x | 16.2 x | 10.4 x | 8.91 x | 8.13 x | 7.19 x |
| EV / FCF | 23.1 x | 35.7 x | 75.4 x | 19.5 x | 15.7 x | 14.4 x | 10.9 x | 9.63 x |
| FCF Yield | 4.33% | 2.8% | 1.33% | 5.13% | 6.39% | 6.96% | 9.14% | 10.4% |
| Price to Book | 9.15 x | - | 10.1 x | 5.31 x | 4.87 x | 4.12 x | 3.09 x | 2.37 x |
| Nbr of stocks (in thousands) | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | - |
| Reference price 2 | 135.0 | 239.0 | 633.0 | 418.0 | 310.0 | 296.5 | 296.5 | 296.5 |
| Announcement Date | 4/26/19 | 4/29/20 | 4/30/21 | 4/29/22 | 4/30/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 78.9 | 116.2 | 181.4 | 253.9 | 257.3 | 292.7 | 339.6 | 364.6 |
| EBITDA 1 | 50.1 | 83.02 | 118.8 | 154.2 | 174.1 | 202.1 | 211.1 | 229.2 |
| EBIT 1 | 49.9 | 82.49 | 118.1 | 153.5 | 172.6 | 200.6 | 209.6 | 228.6 |
| Operating Margin | 63.24% | 70.99% | 65.09% | 60.46% | 67.1% | 68.54% | 61.72% | 62.69% |
| Earnings before Tax (EBT) 1 | 66.9 | 109.1 | 269 | 160.9 | 147.8 | 204 | 214.4 | 233.6 |
| Net income 1 | 47 | 86.9 | 200 | 127.1 | 112.3 | 166.6 | 166.8 | 188.1 |
| Net margin | 59.57% | 74.78% | 110.24% | 50.08% | 43.66% | 56.91% | 49.11% | 51.58% |
| EPS 2 | 7.120 | 13.17 | 30.30 | 19.26 | 17.02 | 25.24 | 34.55 | 43.79 |
| Free Cash Flow 1 | 35.62 | 41.41 | 52.98 | 128.1 | 115.4 | 125.3 | 156.8 | 171.2 |
| FCF margin | 45.14% | 35.64% | 29.21% | 50.45% | 44.85% | 42.81% | 46.19% | 46.96% |
| FCF Conversion (EBITDA) | 71.09% | 49.88% | 44.6% | 83.07% | 66.26% | 62.01% | 74.31% | 74.69% |
| FCF Conversion (Net income) | 75.78% | 47.66% | 26.5% | 100.74% | 102.72% | 75.22% | 94.05% | 91.04% |
| Dividend per Share 2 | 2.490 | 2.490 | 9.460 | 19.22 | - | 16.87 | 10.60 | 14.51 |
| Announcement Date | 4/26/19 | 4/29/20 | 4/30/21 | 4/29/22 | 4/30/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 57.42 | 70.76 | 78.6 | - | 66.56 | 76.63 | 56.93 | 63.27 | 70.84 | 59.26 | 82.5 | 71.5 |
| EBITDA 1 | 33.29 | 47.41 | 44.67 | - | 50.55 | 51.42 | 34.11 | 41.52 | 49.33 | 30.53 | 49 | 41.5 |
| EBIT 1 | 33.1 | 47.13 | 44.55 | - | 50.2 | 51.07 | 33.54 | 41.13 | 48.86 | 30.14 | 48 | 40 |
| Operating Margin | 57.65% | 66.61% | 56.67% | - | 75.43% | 66.65% | 58.91% | 65.01% | 68.98% | 50.87% | 58.18% | 55.94% |
| Earnings before Tax (EBT) 1 | 31.5 | - | 40.52 | - | 51.36 | 56.11 | -3.82 | 41.45 | 43.5 | 34.86 | 53 | 54 |
| Net income 1 | 25.64 | - | 33.19 | 32.78 | 36.44 | 42.09 | 1.008 | 30.01 | 33.56 | 27.37 | 37 | 31.25 |
| Net margin | 44.66% | - | 42.22% | - | 54.76% | 54.93% | 1.77% | 47.44% | 47.38% | 46.18% | 44.85% | 43.71% |
| EPS | - | - | - | 4.970 | - | - | - | 4.550 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 9/30/21 | 11/29/21 | 4/29/22 | 5/30/22 | 9/30/22 | 11/29/22 | 4/30/23 | 5/30/23 | 10/2/23 | 11/29/23 | - | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 69.3 | 98.5 | 181 | 264 | 240 | 156 | 241 | 309 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 35.6 | 41.4 | 53 | 128 | 115 | 125 | 157 | 171 |
| ROE (net income / shareholders' equity) | 58% | 63.8% | 75.3% | 32% | - | 37.2% | 41.1% | 39.6% |
| ROA (Net income/ Total Assets) | 47.4% | - | - | - | - | - | - | - |
| Assets 1 | 99.22 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 14.80 | - | 62.90 | 78.70 | 63.70 | 72.10 | 96.00 | 125.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 0.4 | 1.44 | 0.85 | 1.14 | 1.16 | 1.2 | 1.15 | 1.15 |
| Capex / Sales | 0.51% | 1.23% | 0.47% | 0.45% | 0.45% | 0.41% | 0.34% | 0.32% |
| Announcement Date | 4/26/19 | 4/29/20 | 4/30/21 | 4/29/22 | 4/30/23 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
296.5
PLN
Average target price
376
PLN
Spread / Average Target
+26.81%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -7.34% | 483M | |
| -19.95% | 214B | |
| -9.06% | 66.6B | |
| -3.37% | 56.39B | |
| -10.49% | 46.62B | |
| +8.30% | 43.93B | |
| -6.51% | 34.19B | |
| -7.95% | 29.14B | |
| +85.24% | 24.32B | |
| +3.45% | 21.64B |
- Stock Market
- Equities
- PLW Stock
- Financials PlayWay S.A.
