Download PDF

1. Company Snapshot

1.a. Company Description

PlayWay S.A. produces and publishes PC and mobile video games in Poland, Western Europe, North America, Germany, and internationally.It sells its products through STEAM, AppStore, and GooglePlay platforms.The company was founded in 2011 and is headquartered in Warsaw, Poland.

Show Full description

1.b. Last Insights on PLW

PlayWay S.A.'s recent performance was negatively impacted by cooling sentiment around artificial intelligence, which has tempered investor enthusiasm. Despite a modest uplift in European markets, with the STOXX Europe 600 Index rising 1.77%, the company's growth potential appears constrained. With no recent earnings release or announced share buyback, investors are likely cautious. Moreover, the current market environment demands solid fundamentals and growth potential, which may be a challenge for PlayWay S.A. to demonstrate. (Source: Bloomberg)

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

3. NewsRoom

Card image cap

Exploring Groupe Pizzorno Environnement And 2 Hidden European Small Cap Opportunities

Nov -18

Card image cap

Undiscovered Gems in Europe to Explore This September 2025

Sep -03

Card image cap

Undiscovered European Gems With Strong Fundamentals For May 2025

May -26

Card image cap

Undiscovered Gems in Europe for April 2025

Apr -09

Card image cap

Discovering Undiscovered Gems with Potential In January 2025

Jan -09

Card image cap

3 Undiscovered Gems with Solid Potential

Dec -11

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (8.69%)

6. Segments

Other

Expected Growth: 2%

PlayWay S.A.'s 'Other' segment growth is driven by increasing demand for educational and serious games, expansion into new markets, and strategic partnerships. Additionally, the company's focus on developing games for emerging industries such as healthcare and education contributes to its growth.

Car Mechanic Simulator 21 + 18 + DLC

Expected Growth: 15%

Strong demand for realistic simulation games, increasing popularity of automotive culture, and strategic DLC releases drive growth for Car Mechanic Simulator. PlayWay S.A.'s continuous updates and expansions, such as the 2021 and 2018 versions, cater to a loyal fan base, contributing to a 15% growth rate.

House Flipper + DLC

Expected Growth: 12%

House Flipper's 12% growth driven by increasing popularity of home renovation games, strong brand recognition, and continuous DLC releases. The game's unique blend of simulation and creativity appeals to a wide audience, while PlayWay S.A.'s commitment to post-launch support fosters a loyal player base, driving sales and revenue growth.

Thief Simulator

Expected Growth: 8%

Thief Simulator's 8% growth is driven by its unique blend of stealth and strategy, appealing to gamers seeking a thrilling experience. Strong online presence, positive word-of-mouth, and regular updates with new content also contribute to its success. Additionally, the game's availability on multiple platforms, including PC, Xbox, and PlayStation, expands its reach and attracts a broader audience.

Cooking Simulator + DLC

Expected Growth: 10%

Strong online presence, positive user reviews, and continuous updates with new DLC content have driven the 10% growth of Cooking Simulator. The game's realistic cooking experience, variety of recipes, and relaxing gameplay have appealed to a wide audience, including casual gamers and cooking enthusiasts. Additionally, the developer's engagement with the community and strategic marketing efforts have contributed to the game's success.

Gold Rush

Expected Growth: 5%

Gold Rush's 5% growth is driven by increasing popularity of casual gaming, rising demand for relaxing and creative games, and the game's availability on multiple platforms. Additionally, the game's low system requirements and regular updates with new content contribute to its growing player base.

Succubus

Expected Growth: 18%

Succubus from PlayWay S.A. growth driven by increasing demand for adult gaming content, strong online presence, and successful marketing strategies. Additionally, the game's unique blend of dark fantasy and seduction themes resonates with a growing niche audience, contributing to its 18% growth.

Poor

Expected Growth: 0%

Poor growth from PlayWay S.A. is driven by weak market demand, high competition, and lack of innovation. The company's failure to adapt to changing consumer preferences and invest in research and development has hindered its ability to expand its customer base and increase revenue.

Builder Simulator

Expected Growth: 7%

Builder Simulator's 7% growth is driven by increasing popularity of sandbox games, rising demand for relaxing and creative experiences, and PlayWay S.A.'s successful marketing strategy. The game's unique blend of building and management mechanics, regular updates with new content, and positive word-of-mouth also contribute to its growth.

Tank Mechanic Simulator

Expected Growth: 11%

Tank Mechanic Simulator's 11% growth is driven by increasing popularity of simulation games, rising demand for nostalgic experiences, and the game's unique blend of tank restoration and combat. Additionally, PlayWay S.A.'s strong online presence, positive word-of-mouth, and regular updates with new content contribute to the game's growing player base.

Farm Manager 2018 + 2021

Expected Growth: 9%

Strong brand recognition, continuous game updates, and expansion into new markets drove Farm Manager 2018 and 2021's 9% growth. Additionally, the games' realistic farming simulations, engaging gameplay, and loyal community contributed to the success. PlayWay S.A.'s strategic marketing efforts and partnerships also played a key role in attracting new players and retaining existing ones.

Agony

Expected Growth: 4%

Agony's 4-level growth is driven by increasing demand for survival horror games, PlayWay S.A.'s successful game development and publishing strategy, and the growing popularity of indie games. Additionally, the game's unique blend of psychological horror and challenging gameplay mechanics has attracted a dedicated player base, contributing to its rapid growth.

7. Detailed Products

House Flipper

A popular simulation video game where players take on the role of a house flipper, buying, renovating, and selling houses for profit.

Car Mechanic Simulator

A simulation video game where players take on the role of a car mechanic, diagnosing and repairing cars, and managing a car repair shop.

Farming Simulator

A simulation video game where players take on the role of a farmer, managing a farm, planting and harvesting crops, and raising livestock.

Thief Simulator

A simulation video game where players take on the role of a thief, stealing valuables and avoiding detection by the authorities.

Gas Station Simulator

A simulation video game where players take on the role of a gas station owner, managing a gas station, serving customers, and upgrading facilities.

Cooking Simulator

A simulation video game where players take on the role of a chef, cooking and serving dishes, and managing a kitchen.

8. PlayWay S.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

PlayWay S.A. operates in the video game industry, where substitutes are limited. However, the company's games can be substituted with other forms of entertainment, such as movies or outdoor activities.

Bargaining Power Of Customers

PlayWay S.A.'s customers have limited bargaining power due to the company's strong brand recognition and the lack of alternative products.

Bargaining Power Of Suppliers

PlayWay S.A. relies on a few key suppliers for its game development, giving them some bargaining power. However, the company's size and reputation help to mitigate this power.

Threat Of New Entrants

The video game industry is highly competitive, and new entrants can easily enter the market with innovative ideas and low barriers to entry.

Intensity Of Rivalry

The video game industry is highly competitive, with many established players and new entrants vying for market share. PlayWay S.A. faces intense rivalry from other game developers and publishers.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 0.70%
Debt Cost 8.06%
Equity Weight 99.30%
Equity Cost 8.06%
WACC 8.06%
Leverage 0.71%

11. Quality Control: PlayWay S.A. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
PlayWay

A-Score: 7.1/10

Value: 4.7

Growth: 8.0

Quality: 9.8

Yield: 9.4

Momentum: 4.0

Volatility: 7.0

1-Year Total Return ->

Stock-Card
GDEV

A-Score: 5.6/10

Value: 6.8

Growth: 6.4

Quality: 7.4

Yield: 8.8

Momentum: 4.0

Volatility: 0.0

1-Year Total Return ->

Stock-Card
AB

A-Score: 5.5/10

Value: 7.7

Growth: 6.3

Quality: 4.7

Yield: 4.4

Momentum: 4.0

Volatility: 6.0

1-Year Total Return ->

Stock-Card
MIND C.T.I.

A-Score: 5.5/10

Value: 7.9

Growth: 1.9

Quality: 8.2

Yield: 10.0

Momentum: 0.0

Volatility: 5.0

1-Year Total Return ->

Stock-Card
Paradox Interactive

A-Score: 4.6/10

Value: 1.9

Growth: 8.2

Quality: 8.4

Yield: 3.1

Momentum: 1.5

Volatility: 4.7

1-Year Total Return ->

Stock-Card
Stillfront

A-Score: 3.6/10

Value: 9.8

Growth: 4.4

Quality: 3.1

Yield: 0.0

Momentum: 3.5

Volatility: 1.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

251.0$

Current Price

251$

Potential

-0.00%

Expected Cash-Flows