Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł288, the stock trades at a forward P/E ratio of 71x. Average forward P/E is 11x in the Entertainment industry in Poland. Total returns to shareholders of 165% over the past three years. Major Estimate Revision • Mar 23
Consensus EPS estimates increase by 26%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from zł889.0m to zł859.4m. EPS estimate rose from zł3.62 to zł4.55. Net income forecast to shrink 21% next year vs 3.6% decline forecast for Entertainment industry in Poland. Consensus price target broadly unchanged at zł231. Share price was steady at zł245 over the past week. Reported Earnings • Mar 20
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: zł5.21 (up from zł4.70 in FY 2024). Revenue: zł867.0m (down 12% from FY 2024). Net income: zł520.9m (up 11% from FY 2024). Profit margin: 60% (up from 48% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł275, the stock trades at a forward P/E ratio of 75x. Average forward P/E is 9x in the Entertainment industry in Poland. Total returns to shareholders of 111% over the past three years. Bekanntmachung • Dec 31
Michal Kicinski agreed to acquire Gog Sp. Z O.O. from CD Projekt S.A. (WSE:CDR) for PLN 90.7 million. Michal Kicinski agreed to acquire Gog Sp. Z O.O. from CD Projekt S.A. (WSE:CDR) for PLN 90.7 million on December 29, 2025. A cash consideration of PLN 90.7 million will be paid by the buyer. As part of consideration, PLN 90.7 million is paid towards common equity of Gog Sp. Z O.O. Under the new ownership, GOG will continue to operate independently, supporting gamers and developers through its DRM-free philosophy. Michal Kicinski’s acquisition of GOG is fully financed through committed funding secured at closing
Payment of the Price to the Company will be made in accordance with the Purchase Agreement no later than 7 work days from the execution of the Purchase Agreement.
GoodGame Advisors LLC acted as financial advisor for CD Projekt S.A. Major Estimate Revision • Dec 03
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from zł941.7m to zł1.00b. EPS estimate increased from zł3.54 to zł4.17 per share. Net income forecast to shrink 39% next year vs 4.4% decline forecast for Entertainment industry in Poland. Consensus price target broadly unchanged at zł224. Share price rose 10% to zł255 over the past week. Reported Earnings • Nov 27
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: zł1.94 (up from zł0.78 in 3Q 2024). Revenue: zł349.1m (up 53% from 3Q 2024). Net income: zł193.5m (up 148% from 3Q 2024). Profit margin: 55% (up from 34% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 143%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 31
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: zł0.69 (down from zł0.70 in 2Q 2024). Revenue: zł216.7m (up 9.5% from 2Q 2024). Net income: zł69.0m (down 1.4% from 2Q 2024). Profit margin: 32% (down from 35% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 36% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 10
Price target increased by 8.7% to zł209 Up from zł192, the current price target is an average from 18 analysts. New target price is 22% below last closing price of zł268. Stock is up 79% over the past year. The company is forecast to post earnings per share of zł3.48 for next year compared to zł4.70 last year. Upcoming Dividend • Jun 20
Upcoming dividend of zł1.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 09 July 2025. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 0.4%. Lower than top quartile of Polish dividend payers (7.3%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł258, the stock trades at a forward P/E ratio of 71x. Average forward P/E is 13x in the Entertainment industry in Poland. Total returns to shareholders of 156% over the past three years. Reported Earnings • May 29
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: zł0.86 (down from zł1.00 in 1Q 2024). Revenue: zł226.3m (flat on 1Q 2024). Net income: zł86.0m (down 14% from 1Q 2024). Profit margin: 38% (down from 44% in 1Q 2024). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 27% per year. Bekanntmachung • May 27
CD Projekt S.A., Annual General Meeting, Jun 23, 2025 CD Projekt S.A., Annual General Meeting, Jun 23, 2025. Declared Dividend • May 09
Dividend of zł1.00 announced Dividend of zł1.00 is the same as last year. Ex-date: 27th June 2025 Payment date: 9th July 2025 Dividend yield will be 0.4%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 57%. Bekanntmachung • May 08
CD Projekt S.A. announces Annual dividend, payable on July 09, 2025 CD Projekt S.A. announced Annual dividend of PLN 1.0000 per share payable on July 09, 2025, ex-date on June 27, 2025 and record date on June 30, 2025. Reported Earnings • Mar 26
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: zł4.70 (down from zł4.80 in FY 2023). Revenue: zł985.0m (down 20% from FY 2023). Net income: zł469.9m (down 2.3% from FY 2023). Profit margin: 48% (up from 39% in FY 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 9.8%. Earnings per share (EPS) also surpassed analyst estimates by 37%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 24
Price target increased by 7.7% to zł157 Up from zł146, the current price target is an average from 18 analysts. New target price is 24% below last closing price of zł207. Stock is up 97% over the past year. The company is forecast to post earnings per share of zł3.37 for next year compared to zł4.80 last year. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł223, the stock trades at a forward P/E ratio of 94x. Average forward P/E is 7x in the Entertainment industry in Poland. Total returns to shareholders of 32% over the past three years. Bekanntmachung • Jan 19
CD Projekt S.A. to Report Fiscal Year 2024 Results on Mar 27, 2025 CD Projekt S.A. announced that they will report fiscal year 2024 results on Mar 27, 2025 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł193, the stock trades at a forward P/E ratio of 83x. Average forward P/E is 11x in the Entertainment industry in Europe. Total returns to shareholders of 9.9% over the past three years. Price Target Changed • Dec 03
Price target increased by 7.1% to zł144 Up from zł135, the current price target is an average from 18 analysts. New target price is 20% below last closing price of zł179. Stock is up 67% over the past year. The company is forecast to post earnings per share of zł3.29 for next year compared to zł4.80 last year. Reported Earnings • Nov 28
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: zł0.78 (down from zł2.03 in 3Q 2023). Revenue: zł227.6m (down 49% from 3Q 2023). Net income: zł78.1m (down 62% from 3Q 2023). Profit margin: 34% (down from 46% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 54%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Price Target Changed • Sep 10
Price target increased by 7.5% to zł134 Up from zł125, the current price target is an average from 18 analysts. New target price is 19% below last closing price of zł166. Stock is up 6.1% over the past year. The company is forecast to post earnings per share of zł3.05 for next year compared to zł4.80 last year. Major Estimate Revision • Sep 06
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from zł2.75 to zł3.04. Revenue forecast unchanged at zł832.8m. Net income forecast to shrink 60% next year vs 9.0% growth forecast for Entertainment industry in Poland . Consensus price target up from zł125 to zł131. Share price fell 4.6% to zł175 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: zł0.70 (up from zł0.17 in 2Q 2023). Revenue: zł198.0m (up 32% from 2Q 2023). Net income: zł69.9m (up 301% from 2Q 2023). Profit margin: 35% (up from 12% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 79%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 29
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from zł2.80 to zł3.23. Revenue forecast steady at zł830.0m. Net income forecast to shrink 53% next year vs 9.0% growth forecast for Entertainment industry in Poland . Consensus price target up from zł120 to zł125. Share price was steady at zł180 over the past week. Upcoming Dividend • Jun 13
Upcoming dividend of zł1.00 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Polish dividend payers (7.7%). Lower than average of industry peers (2.2%). Reported Earnings • May 29
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: zł1.00 (up from zł0.69 in 1Q 2023). Revenue: zł226.8m (up 30% from 1Q 2023). Net income: zł100.1m (up 44% from 1Q 2023). Profit margin: 44% (up from 40% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 43%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Bekanntmachung • May 18
CD Projekt S.A., Annual General Meeting, Jun 14, 2024 CD Projekt S.A., Annual General Meeting, Jun 14, 2024. Declared Dividend • Apr 01
Dividend of zł1.00 announced Dividend of zł1.00 is the same as last year. Ex-date: 20th June 2024 Payment date: 27th June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 24%. Cash payout ratio: 104%. Bekanntmachung • Mar 29
CD Projekt Recommends Dividend for 2023, Payable on June 27, 2024 CD Projekt's board recommended allocating PLN 99.91 million (EUR 23. million) from its 2023 profit for dividend, which amounts to PLN 1 (EUR 0.23) dividend per share. The company's board of directors is proposing that the dividend date be set for June 21 and the payment date for June 27, 2024. From the profit for 2022 CD Projekt also paid a PLN 1 (EUR 0.23) dividend per share. Buy Or Sell Opportunity • Mar 08
Now 23% overvalued Over the last 90 days, the stock has fallen 1.3% to zł111. The fair value is estimated to be zł90.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Buy Or Sell Opportunity • Feb 08
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at zł110. The fair value is estimated to be zł91.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Buy Or Sell Opportunity • Jan 24
Now 22% overvalued Over the last 90 days, the stock has fallen 1.8% to zł104. The fair value is estimated to be zł84.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Price Target Changed • Jan 17
Price target decreased by 7.7% to zł112 Down from zł121, the current price target is an average from 17 analysts. New target price is 6.3% above last closing price of zł105. Stock is down 21% over the past year. The company is forecast to post earnings per share of zł4.15 for next year compared to zł3.45 last year. Bekanntmachung • Dec 05
CD Projekt Releases Final, Ultimate Version of Cyberpunk 2077, Both in Boxed and Digital Form CD Projekt has released the final, ultimate version of Cyberpunk 2077, both in boxed and digital form, including the basic version of the game and the story expansion Spectre of Freedom. The launch is accompanied by update 2.1, which also applies to owners of the game on current-generation consoles and PC. The box price of the game for consoles fluctuates between PLN 249 (EUR 57.4) and PLN 259 (EUR 59.6). For PCs, the price is between PLN 219 to PLN 229 (EUR 50.5 to EUR 52.8). These ranges are based on prices in MediaMarkt, Neonet and Euro RTV AGD stores. The total value of direct expenditures on the production of the add-on Cyberpunk 2077: Spectre of Freedom amounted to approximately PLN 273 million (EUR 63 million), and the costs of the global marketing campaign directly implemented by the company in connection with the launch of the add-on amounted to approximately PLN 95 million (EUR 21.9 million). The add-on is priced at PLN 99 (EUR 22.8). The release of the ultimate version is accompanied by a 2.1 update, which will also be released to owners of the Cyberpunk universe games on PlayStation 5, Xbox Series X and S consoles and PC. In addition to the standard bug fixes and the introduction of improvements, the update will add, among other things, the game's eagerly awaited underground system, which will enable movement between 19 stations. The update will also make it possible to listen to the radio while walking - until now. This was only possible when moving in vehicles. Reported Earnings • Nov 29
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: zł2.03 (up from zł0.98 in 3Q 2022). Revenue: zł442.7m (up 80% from 3Q 2022). Net income: zł202.9m (up 106% from 3Q 2022). Profit margin: 46% (up from 40% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 37% per year. Major Estimate Revision • Nov 29
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from zł3.81 to zł4.32. Revenue forecast steady at zł1.09b. Net income forecast to grow 2.2% next year vs 2.2% growth forecast for Entertainment industry in Poland. Consensus price target broadly unchanged at zł121. Share price fell 4.6% to zł108 over the past week. Bekanntmachung • Nov 29
CD Projekt Receives Final Settlement Approval in US Class Action Lawsuit CD Projekt has received a notification from the law firm representing the company in the US class action lawsuit, to the effect that the US District Court for the Central District of California had issued an order regarding final approval of the corresponding settlement. The Final Approval of Class Action Settlement confirms the final terms of the settlement reached in the US class action lawsuit (.) and ends the legal proceedings related to the US class action lawsuit filed against the company and other defendants. In mid-December 2021, CD Projekt and its insurer agreed to pay USD 1.85 million to members of the class action suit in the US under a settlement term sheet. In return, members of the class were supposed to relinquish all claims against the company. Four lawsuits were filed in the US by owners of US securities based on the company's shares, later consolidated by the court. The plaintiffs wanted the court to determine if the company misled investors concerning its Cyberpunk 2077 game release, which had several flaws. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 28% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Bekanntmachung • Jul 27
CD Projekt to Lay Off 9% of Staff of Unit CD Projekt Red CD Projekt plans to lay off 9% of staff of its studio CD Projekt Red by first quarter 2024 and sees the cost of layoffs at PLN 4.5 million, to be booked in third quarter 2023. Layoffs will affect development, publishing as well as back-office staff. New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 20% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 20% per year for the foreseeable future. High level of non-cash earnings (27% accrual ratio). New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł159, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 18x in the Entertainment industry in Poland. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł313 per share. Bekanntmachung • Jun 12
CD Projekt S.A. Games to Release Cyberpunk 2077's Expansion Phantom Liberty on September 26 CD Projekt S.A. will release an expansion to Cyberpunk 2077, Phantom Liberty, on September 26. The company also provided a link to pre-ordering the expansion and published its trailer. The company previously pledged to release the expansion in 2023 without providing any more specific timeframe. In late May CD Projekt said it would present the expansion at the Summer Game Fest. Major Estimate Revision • Jun 05
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from zł1.04b to zł1.03b. EPS estimate also fell from zł4.26 per share to zł3.76 per share. Net income forecast to grow 9.3% next year vs 24% growth forecast for Entertainment industry in Poland. Consensus price target broadly unchanged at zł112. Share price rose 2.8% to zł128 over the past week. Upcoming Dividend • Jun 05
Upcoming dividend of zł1.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 12 June 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of Polish dividend payers (7.5%). Lower than average of industry peers (2.0%). Reported Earnings • May 31
First quarter 2023 earnings: EPS exceeds analyst expectations First quarter 2023 results: EPS: zł0.70 (up from zł0.68 in 1Q 2022). Revenue: zł174.8m (down 19% from 1Q 2022). Net income: zł69.7m (up 1.1% from 1Q 2022). Profit margin: 40% (up from 32% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Entertainment industry in Poland. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Bekanntmachung • May 12
CD Projekt S.A., Annual General Meeting, Jun 06, 2023 CD Projekt S.A., Annual General Meeting, Jun 06, 2023, at 10:00 Central European Standard Time. Location: Warsaw, Jagielloska 74 Warsaw Poland Agenda: To consider Opening of the General Meeting; to consider Election of General Meeting Chairperson; to consider Determining that the General Meeting has been validly convened and is empowered to undertake binding decisions; to consider Approval of General Meeting agenda; to consider Resolution concerning approval of the Company's financial statement for 2022; to consider Resolution concerning the allocation of Company profit obtained in 2022; to consider Resolution concerning amendments to of the Company Articles; to consider Resolution authorizing the Management Board of the Company to carry out buyback of Company shares for redemption; and to consider other matters. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to zł113, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Entertainment industry in Poland. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at zł61.62 per share. Bekanntmachung • Feb 07
the Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of CD Projekt S.A The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of CD Projekt S.A. Securities (OTCMKTS: OTGLY and OTGLF): YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Central District of California, that a hearing will be held on June 1, 2023, at 10:00 a.m. before the Honorable Fernando M. Olguin, United States District Judge of the United States District Court for the Central District of California, United States Courthouse, 350 W. 1st Street, 6th Floor, Courtroom 6D, Los Angeles, CA 90012, or by telephonic or videoconference means as directed by the Court for the purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including the sum of $1,850,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the Settlement proceeds is fair, reasonable, and adequate;(3) whether the application of Lead Counsel for an award of attorneys’ fees of up to 30% of the Settlement Amount, reimbursement of expenses of not more than $40,000, and an award of no more than $5,000 each to Lead and Named Plaintiffs, should be approved; and (4) whether this Action should be dismissed with prejudice as set forth in the Stipulation of Settlement, dated April 28, 2022 (“Stipulation”). If you acquired CD Projekt securities during the period from January 16, 2020 through December 17, 2020, both dates inclusive (“Settlement Class Period”), your rights may be affected by this Settlement, including the release and extinguishment of claims you may possess relating to your ownership interest in CD Projekt securities. 
