Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
PLW.WA
BUYREMOVEPlayWay S.A. · Communication Services · Poland · $446M · Avg Vol: $124K/d
PlayWay has a unique, asset-light video game publishing model with high quality metrics, but it lacks any structural alignment with our 18-month macro themes.
COMPANY DESCRIPTION
PlayWay S.A. is a leading Polish video game developer and publisher, operating under a unique decentralized model with dozens of subsidiary studios. The company minimizes development risk by testing game concepts via Steam Wishlists before greenlighting full production, focusing on low-budget, high-margin simulator games. Its competitive moat is built on this highly scalable, low-risk production pipeline and a massive cross-promotional network.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|
| Revenue | 65M | 71M | 76M | 84M | 8.8% |
| EPS | 5.33 | 4.69 | 5.28 | 7.11 | 10.1% |
| Shares | 7M | 7M | 7M | 7M | 0.0% |
| Debt | 411,663 | 809,265 | 782,519 | 479,217 | 5.2% |
| Equity | 121M | 116M | 111M | 113M | -2.2% |
| Op CF | 35M | 32M | 34M | 42M | 6.2% |
| Inv CF | 5M | -12M | -3M | 8M | — |
| Fin CF | 0 | -43M | -41M | -44M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of PLW.WA are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| PLW.WA | PlayWay S.A.(you) | $446M | 76 | BUY |
| BLO.WA | Bloober Team SA | $138M | 85 | STRONG BUY |
| CRJ.WA | Creepy Jar S.A. | $100M | 71 | BUY |
| TEN.WA | Ten Square Games S.A. | $160M | 100 | STRONG BUY |
| ART.WA | Artifex Mundi S.A. | $72M | 90 | STRONG BUY |
| 11B.WA | 11 bit studios S.A. | $99M | 53 | HOLD |
| RND.WA | RENDER | $23M | 84 | STRONG BUY |
| ULG.WA | Ultimate Games S.A. | $22M | 87 | STRONG BUY |
| GOP.WA | Games Operators S.A. | $22M | 61 | HOLD |
| BBT.WA | BoomBit S.A. | $23M | 59 | HOLD |
Peer medians: ROE 15.8% · P/E 12.0x · Gross margin 60.6%