View ValuationCD Projekt 将来の成長Future 基準チェック /56CD Projekt利益と収益がそれぞれ年間29.8%と32.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に16.8% 43.4%なると予測されています。主要情報29.8%収益成長率43.35%EPS成長率Entertainment 収益成長11.7%収益成長率32.9%将来の株主資本利益率16.81%アナリストカバレッジGood最終更新日24 Apr 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Mar 12+ 2 more updatesCD Projekt S.A. to Report Q3, 2026 Results on Nov 24, 2026CD Projekt S.A. announced that they will report Q3, 2026 results on Nov 24, 2026お知らせ • Dec 31Michal 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.Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: zł0.69 (vs zł0.70 in 2Q 2024)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 is forecast to grow 35% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Entertainment industry in Germany. 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 52% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 27CD Projekt S.A., Annual General Meeting, Jun 23, 2025CD Projekt S.A., Annual General Meeting, Jun 23, 2025.お知らせ • May 08CD Projekt S.A. announces Annual dividend, payable on July 09, 2025CD 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.お知らせ • Jan 19CD Projekt S.A. to Report Fiscal Year 2024 Results on Mar 27, 2025CD Projekt S.A. announced that they will report fiscal year 2024 results on Mar 27, 2025お知らせ • Jan 08+ 2 more updatesCD Projekt S.A. to Report First Half, 2025 Results on Aug 28, 2025CD Projekt S.A. announced that they will report first half, 2025 results on Aug 28, 2025Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: zł0.70 (vs zł0.17 in 2Q 2023)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 is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Upcoming Dividend • Jun 13Upcoming dividend of zł1.00 per shareEligible 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 German dividend payers (4.6%). Lower than average of industry peers (1.7%).Reported Earnings • May 29First quarter 2024 earnings released: EPS: zł1.00 (vs zł0.69 in 1Q 2023)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 is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Entertainment industry in Germany. 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 2% per year, which means it has not declined as severely as earnings.お知らせ • May 18CD Projekt S.A., Annual General Meeting, Jun 14, 2024CD Projekt S.A., Annual General Meeting, Jun 14, 2024.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €32.99, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 55x in the Entertainment industry in Germany. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €62.03 per share.Buy Or Sell Opportunity • May 07Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to €29.90. The fair value is estimated to be €24.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 33% over the last 3 years. Earnings per share has declined by 50%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Declared Dividend • Apr 01Dividend of zł1.00 announcedShareholders will receive a dividend of zł1.00. Ex-date: 20th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 55% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range.お知らせ • Mar 29CD Projekt Recommends Dividend for 2023, Payable on June 27, 2024CD 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.お知らせ • Jan 13+ 3 more updatesCD Projekt S.A. to Report First Half, 2024 Results on Aug 28, 2024CD Projekt S.A. announced that they will report first half, 2024 results on Aug 28, 2024お知らせ • Dec 05CD Projekt Releases Final, Ultimate Version of Cyberpunk 2077, Both in Boxed and Digital FormCD 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 29Third quarter 2023 earnings released: EPS: zł2.03 (vs zł0.98 in 3Q 2022)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 is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.お知らせ • Nov 29CD Projekt Receives Final Settlement Approval in US Class Action LawsuitCD 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.お知らせ • Jul 27CD Projekt to Lay Off 9% of Staff of Unit CD Projekt RedCD 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 14New major risk - Revenue and earnings growthEarnings 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). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).New Risk • Jun 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% 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 (7.3% average weekly change).Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €35.02, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 18x in the Entertainment industry in Europe. Total loss to shareholders of 58% over the past three years.お知らせ • Jun 12CD Projekt S.A. Games to Release Cyberpunk 2077's Expansion Phantom Liberty on September 26CD 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.Upcoming Dividend • Jun 05Upcoming dividend of zł1.00 per share at 0.8% yieldEligible 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 German dividend payers (4.7%). Lower than average of industry peers (2.1%).Reported Earnings • May 31First quarter 2023 earnings released: EPS: zł0.70 (vs zł0.68 in 1Q 2022)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 is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Entertainment industry in Germany. 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 33% per year, which means it is performing significantly worse than earnings.お知らせ • May 12CD Projekt S.A., Annual General Meeting, Jun 06, 2023CD 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 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €24.23, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the Entertainment industry in Europe. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.13 per share.お知らせ • Feb 07the Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of CD Projekt S.AThe 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.お知らせ • Jan 19+ 3 more updatesCD Projekt S.A. to Report Fiscal Year 2022 Results on Mar 30, 2023CD Projekt S.A. announced that they will report fiscal year 2022 results on Mar 30, 2023Reported Earnings • Nov 30Third quarter 2022 earnings released: EPS: zł0.98 (vs zł0.16 in 3Q 2021)Third quarter 2022 results: EPS: zł0.98 (up from zł0.16 in 3Q 2021). Revenue: zł245.5m (up 70% from 3Q 2021). Net income: zł98.7m (up zł82.4m from 3Q 2021). Profit margin: 40% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to €29.25, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 15x in the Entertainment industry in Europe. Total loss to shareholders of 52% over the past three years.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to €21.55, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Entertainment industry in Europe. Total loss to shareholders of 58% over the past three years.Upcoming Dividend • Jun 27Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 12 July 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.8%).Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €19.68, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Entertainment industry in Europe. Total loss to shareholders of 59% over the past three years.Reported Earnings • May 28First quarter 2022 earnings released: EPS: zł0.68 (vs zł0.32 in 1Q 2021)First quarter 2022 results: EPS: zł0.68 (up from zł0.32 in 1Q 2021). Revenue: zł216.1m (up 9.4% from 1Q 2021). Net income: zł68.9m (up 112% from 1Q 2021). Profit margin: 32% (up from 16% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is expected to shrink by 2.8% compared to a 131% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €27.50, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Entertainment industry in Germany. Total loss to shareholders of 43% over the past three years.Reported Earnings • Apr 16Full year 2021 earnings released: EPS: zł2.07 (vs zł11.97 in FY 2020)Full year 2021 results: EPS: zł2.07 (down from zł11.97 in FY 2020). Revenue: zł888.2m (down 59% from FY 2020). Net income: zł208.9m (down 82% from FY 2020). Profit margin: 24% (down from 54% in FY 2020). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 2.4% compared to a 181% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • Dec 01Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: EPS: zł0.16 (down from zł0.24 in 3Q 2020). Revenue: zł144.5m (up 38% from 3Q 2020). Net income: zł16.3m (down 30% from 3Q 2020). Profit margin: 11% (down from 22% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 21%. Over the next year, revenue is expected to shrink by 51% compared to a 303% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 05Second quarter 2021 earnings released: EPS zł0.72 (vs zł0.57 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: zł273.0m (up 60% from 2Q 2020). Net income: zł72.6m (up 33% from 2Q 2020). Profit margin: 27% (down from 32% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Jun 02First quarter 2021 earnings released: EPS zł0.32 (vs zł0.96 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: zł197.6m (up 2.4% from 1Q 2020). Net income: zł32.5m (down 65% from 1Q 2020). Profit margin: 16% (down from 48% in 1Q 2020). The decrease in margin was driven by higher expenses.Upcoming Dividend • May 24Upcoming dividend of zł5.00 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 08 June 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.9%).Reported Earnings • Apr 25Full year 2020 earnings released: EPS zł11.97 (vs zł1.82 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł2.14b (up 310% from FY 2019). Net income: zł1.15b (up zł979.0m from FY 2019). Profit margin: 54% (up from 34% in FY 2019). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł42.66, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Entertainment industry in Europe. Total loss to shareholders of 41% over the past year.Is New 90 Day High Low • Mar 05New 90-day low: €50.92The company is down 48% from its price of €98.00 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €104 per share.Is New 90 Day High Low • Jan 08New 90-day low: €57.04The company is down 34% from its price of €86.20 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €111 per share.Is New 90 Day High Low • Dec 15New 90-day low: €68.34The company is down 26% from its price of €92.68 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.52 per share.Analyst Estimate Surprise Post Earnings • Nov 26Revenue misses expectationsRevenue missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 331%, compared to a 7.8% growth forecast for the Entertainment industry in Germany.Reported Earnings • Nov 26Third quarter 2020 earnings released: EPS zł0.24The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł104.5m (up 13% from 3Q 2019). Net income: zł23.4m (up 57% from 3Q 2019). Profit margin: 22% (up from 16% in 3Q 2019). The increase in margin was driven by higher revenue.お知らせ • Oct 29CD Projekt Delays Cyberpunk 2077 Release to December 10CD Projekt S.A. decided to delay the premiere of its much-awaited Cyberpunk 2077 release one more time, to December 10 from the previous deadline of November 19. CD Projekt has thus postponed Cyberpunk 2077 release for the third time. First, in January 2020, the company delayed the premiere to September 17 from the original deadline of April 16, followed by a mid-June postponement to November 19, citing the need to apply final touches and bugfixes to the game.Is New 90 Day High Low • Oct 21New 90-day low: €82.52The company is down 5.0% from its price of €87.00 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €70.99 per share.お知らせ • Oct 17CD Projekt Games to Launch Cyberpunk 2077 on Google StadiaCD Projekt Games to Launch Cyberpunk 2077 on Google Stadia on November, 19. Blue-chip games developer CD Projekt will launch its much-awaited release Cyberpunk 2077 on streaming platform Google Stadia on November, 19 to coincide with console and computer releases, the company said in a presentation. CD Projekt likewise launched pre-sales of the game via Google's Stadia Store. November, 19 will also see release of Cyberpunk 2077 on personal computers as well as consoles Xbox One and PlayStation.お知らせ • Oct 06CD Projekt Starts Manufacturing Cyberpunk 2077 for Microsoft Xbox & Sony PlaystationCD Projekt launched production of its Cyberpunk 2077 for Microsoft Xbox and Sony Playstation platforms after having successfully completed the certification process. Cyberpunk 2077 is set to debut on November 19, 2020.お知らせ • Sep 26CD Projekt S.A. to Report First Half, 2020 Results on Sep 03, 2020CD Projekt S.A. announced that they will report first half, 2020 results on Sep 03, 2020業績と収益の成長予測DB:7CD - アナリストの将来予測と過去の財務データ ( )PLN Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20282,5151,2381,1571,787612/31/20273,4231,8111,3852,0651212/31/2026840415-2238091112/31/2025867521-22591N/A9/30/20251,12557089640N/A6/30/20251,00345515520N/A3/31/202598545672491N/A12/31/2024798443174521N/A9/30/20241,115439436734N/A6/30/20241,330564458740N/A3/31/20241,282512377679N/A12/31/20231,230481280611N/A9/30/20231,09742596439N/A6/30/202390032052385N/A3/31/202391134771377N/A12/31/2022953346150406N/A9/30/20228972998214N/A6/30/202279521858230N/A3/31/2022907245-14842N/A12/31/2021888209784968N/A9/30/20212,2851,1011,0541,253N/A6/30/20212,2451,1081,0841,306N/A3/31/20212,1441,0911,3951,593N/A12/31/20202,1391,150490712N/A9/30/2020682279159484N/A6/30/2020670271140457N/A3/31/2020633250117406N/A12/31/2019521175-40217N/A9/30/2019435108N/A238N/A6/30/2019410108N/A154N/A3/31/2019368104N/A94N/A12/31/2018363109N/A133N/A9/30/2018359114N/A87N/A6/30/2018377134N/A133N/A3/31/2018439178N/A205N/A12/31/2017463200N/A233N/A9/30/2017504234N/A258N/A6/30/2017520234N/A243N/A3/31/2017596263N/A271N/A12/31/2016584251N/A259N/A9/30/2016592237N/A307N/A6/30/2016604241N/A396N/A3/31/2016859380N/A467N/A12/31/2015798342N/A412N/A9/30/2015611284N/A296N/A6/30/2015534242N/A145N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 7CDの予測収益成長率 (年間29.8% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 7CDの収益 ( 29.8% ) はGerman市場 ( 16.7% ) よりも速いペースで成長すると予測されています。高成長収益: 7CDの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 7CDの収益 ( 32.9% ) German市場 ( 6.4% ) よりも速いペースで成長すると予測されています。高い収益成長: 7CDの収益 ( 32.9% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 7CDの 自己資本利益率 は、3年後には低くなると予測されています ( 16.8 %)。成長企業の発掘7D1Y7D1Y7D1YMedia 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 10:33終値2026/05/07 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋CD Projekt S.A. 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。31 アナリスト機関David MakArete Research Services LLPNicholas Michael DempseyBarclaysNicholas Michael DempseyBarclays28 その他のアナリストを表示
お知らせ • Mar 12+ 2 more updatesCD Projekt S.A. to Report Q3, 2026 Results on Nov 24, 2026CD Projekt S.A. announced that they will report Q3, 2026 results on Nov 24, 2026
お知らせ • Dec 31Michal 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.
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: zł0.69 (vs zł0.70 in 2Q 2024)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 is forecast to grow 35% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Entertainment industry in Germany. 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 52% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 27CD Projekt S.A., Annual General Meeting, Jun 23, 2025CD Projekt S.A., Annual General Meeting, Jun 23, 2025.
お知らせ • May 08CD Projekt S.A. announces Annual dividend, payable on July 09, 2025CD 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.
お知らせ • Jan 19CD Projekt S.A. to Report Fiscal Year 2024 Results on Mar 27, 2025CD Projekt S.A. announced that they will report fiscal year 2024 results on Mar 27, 2025
お知らせ • Jan 08+ 2 more updatesCD Projekt S.A. to Report First Half, 2025 Results on Aug 28, 2025CD Projekt S.A. announced that they will report first half, 2025 results on Aug 28, 2025
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: zł0.70 (vs zł0.17 in 2Q 2023)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 is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Upcoming Dividend • Jun 13Upcoming dividend of zł1.00 per shareEligible 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 German dividend payers (4.6%). Lower than average of industry peers (1.7%).
Reported Earnings • May 29First quarter 2024 earnings released: EPS: zł1.00 (vs zł0.69 in 1Q 2023)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 is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Entertainment industry in Germany. 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 2% per year, which means it has not declined as severely as earnings.
お知らせ • May 18CD Projekt S.A., Annual General Meeting, Jun 14, 2024CD Projekt S.A., Annual General Meeting, Jun 14, 2024.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €32.99, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 55x in the Entertainment industry in Germany. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €62.03 per share.
Buy Or Sell Opportunity • May 07Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to €29.90. The fair value is estimated to be €24.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 33% over the last 3 years. Earnings per share has declined by 50%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Declared Dividend • Apr 01Dividend of zł1.00 announcedShareholders will receive a dividend of zł1.00. Ex-date: 20th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 55% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Mar 29CD Projekt Recommends Dividend for 2023, Payable on June 27, 2024CD 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.
お知らせ • Jan 13+ 3 more updatesCD Projekt S.A. to Report First Half, 2024 Results on Aug 28, 2024CD Projekt S.A. announced that they will report first half, 2024 results on Aug 28, 2024
お知らせ • Dec 05CD Projekt Releases Final, Ultimate Version of Cyberpunk 2077, Both in Boxed and Digital FormCD 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 29Third quarter 2023 earnings released: EPS: zł2.03 (vs zł0.98 in 3Q 2022)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 is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 29CD Projekt Receives Final Settlement Approval in US Class Action LawsuitCD 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.
お知らせ • Jul 27CD Projekt to Lay Off 9% of Staff of Unit CD Projekt RedCD 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 14New major risk - Revenue and earnings growthEarnings 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). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change).
New Risk • Jun 15New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% 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 (7.3% average weekly change).
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €35.02, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 18x in the Entertainment industry in Europe. Total loss to shareholders of 58% over the past three years.
お知らせ • Jun 12CD Projekt S.A. Games to Release Cyberpunk 2077's Expansion Phantom Liberty on September 26CD 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.
Upcoming Dividend • Jun 05Upcoming dividend of zł1.00 per share at 0.8% yieldEligible 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 German dividend payers (4.7%). Lower than average of industry peers (2.1%).
Reported Earnings • May 31First quarter 2023 earnings released: EPS: zł0.70 (vs zł0.68 in 1Q 2022)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 is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Entertainment industry in Germany. 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 33% per year, which means it is performing significantly worse than earnings.
お知らせ • May 12CD Projekt S.A., Annual General Meeting, Jun 06, 2023CD 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 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €24.23, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the Entertainment industry in Europe. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.13 per share.
お知らせ • Feb 07the Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of CD Projekt S.AThe 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.
お知らせ • Jan 19+ 3 more updatesCD Projekt S.A. to Report Fiscal Year 2022 Results on Mar 30, 2023CD Projekt S.A. announced that they will report fiscal year 2022 results on Mar 30, 2023
Reported Earnings • Nov 30Third quarter 2022 earnings released: EPS: zł0.98 (vs zł0.16 in 3Q 2021)Third quarter 2022 results: EPS: zł0.98 (up from zł0.16 in 3Q 2021). Revenue: zł245.5m (up 70% from 3Q 2021). Net income: zł98.7m (up zł82.4m from 3Q 2021). Profit margin: 40% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to €29.25, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 15x in the Entertainment industry in Europe. Total loss to shareholders of 52% over the past three years.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 17% share price gain to €21.55, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Entertainment industry in Europe. Total loss to shareholders of 58% over the past three years.
Upcoming Dividend • Jun 27Upcoming dividend of zł1.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 12 July 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.8%).
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €19.68, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Entertainment industry in Europe. Total loss to shareholders of 59% over the past three years.
Reported Earnings • May 28First quarter 2022 earnings released: EPS: zł0.68 (vs zł0.32 in 1Q 2021)First quarter 2022 results: EPS: zł0.68 (up from zł0.32 in 1Q 2021). Revenue: zł216.1m (up 9.4% from 1Q 2021). Net income: zł68.9m (up 112% from 1Q 2021). Profit margin: 32% (up from 16% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is expected to shrink by 2.8% compared to a 131% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €27.50, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Entertainment industry in Germany. Total loss to shareholders of 43% over the past three years.
Reported Earnings • Apr 16Full year 2021 earnings released: EPS: zł2.07 (vs zł11.97 in FY 2020)Full year 2021 results: EPS: zł2.07 (down from zł11.97 in FY 2020). Revenue: zł888.2m (down 59% from FY 2020). Net income: zł208.9m (down 82% from FY 2020). Profit margin: 24% (down from 54% in FY 2020). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 2.4% compared to a 181% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • Dec 01Third quarter 2021 earnings: EPS in line with expectations, revenues disappointThird quarter 2021 results: EPS: zł0.16 (down from zł0.24 in 3Q 2020). Revenue: zł144.5m (up 38% from 3Q 2020). Net income: zł16.3m (down 30% from 3Q 2020). Profit margin: 11% (down from 22% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 21%. Over the next year, revenue is expected to shrink by 51% compared to a 303% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 05Second quarter 2021 earnings released: EPS zł0.72 (vs zł0.57 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: zł273.0m (up 60% from 2Q 2020). Net income: zł72.6m (up 33% from 2Q 2020). Profit margin: 27% (down from 32% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Jun 02First quarter 2021 earnings released: EPS zł0.32 (vs zł0.96 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: zł197.6m (up 2.4% from 1Q 2020). Net income: zł32.5m (down 65% from 1Q 2020). Profit margin: 16% (down from 48% in 1Q 2020). The decrease in margin was driven by higher expenses.
Upcoming Dividend • May 24Upcoming dividend of zł5.00 per shareEligible shareholders must have bought the stock before 31 May 2021. Payment date: 08 June 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.9%).
Reported Earnings • Apr 25Full year 2020 earnings released: EPS zł11.97 (vs zł1.82 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: zł2.14b (up 310% from FY 2019). Net income: zł1.15b (up zł979.0m from FY 2019). Profit margin: 54% (up from 34% in FY 2019). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to zł42.66, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Entertainment industry in Europe. Total loss to shareholders of 41% over the past year.
Is New 90 Day High Low • Mar 05New 90-day low: €50.92The company is down 48% from its price of €98.00 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €104 per share.
Is New 90 Day High Low • Jan 08New 90-day low: €57.04The company is down 34% from its price of €86.20 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €111 per share.
Is New 90 Day High Low • Dec 15New 90-day low: €68.34The company is down 26% from its price of €92.68 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.52 per share.
Analyst Estimate Surprise Post Earnings • Nov 26Revenue misses expectationsRevenue missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 331%, compared to a 7.8% growth forecast for the Entertainment industry in Germany.
Reported Earnings • Nov 26Third quarter 2020 earnings released: EPS zł0.24The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł104.5m (up 13% from 3Q 2019). Net income: zł23.4m (up 57% from 3Q 2019). Profit margin: 22% (up from 16% in 3Q 2019). The increase in margin was driven by higher revenue.
お知らせ • Oct 29CD Projekt Delays Cyberpunk 2077 Release to December 10CD Projekt S.A. decided to delay the premiere of its much-awaited Cyberpunk 2077 release one more time, to December 10 from the previous deadline of November 19. CD Projekt has thus postponed Cyberpunk 2077 release for the third time. First, in January 2020, the company delayed the premiere to September 17 from the original deadline of April 16, followed by a mid-June postponement to November 19, citing the need to apply final touches and bugfixes to the game.
Is New 90 Day High Low • Oct 21New 90-day low: €82.52The company is down 5.0% from its price of €87.00 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €70.99 per share.
お知らせ • Oct 17CD Projekt Games to Launch Cyberpunk 2077 on Google StadiaCD Projekt Games to Launch Cyberpunk 2077 on Google Stadia on November, 19. Blue-chip games developer CD Projekt will launch its much-awaited release Cyberpunk 2077 on streaming platform Google Stadia on November, 19 to coincide with console and computer releases, the company said in a presentation. CD Projekt likewise launched pre-sales of the game via Google's Stadia Store. November, 19 will also see release of Cyberpunk 2077 on personal computers as well as consoles Xbox One and PlayStation.
お知らせ • Oct 06CD Projekt Starts Manufacturing Cyberpunk 2077 for Microsoft Xbox & Sony PlaystationCD Projekt launched production of its Cyberpunk 2077 for Microsoft Xbox and Sony Playstation platforms after having successfully completed the certification process. Cyberpunk 2077 is set to debut on November 19, 2020.
お知らせ • Sep 26CD Projekt S.A. to Report First Half, 2020 Results on Sep 03, 2020CD Projekt S.A. announced that they will report first half, 2020 results on Sep 03, 2020