GAW

Games Workshop GroupLSE:GAW Stock Report

Market Cap

UK£3.6b

7D

-6.5%

1Y

18.1%

Updated

21 Sep, 2021

Data

Company Financials +
GAW fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends4/6

GAW Overview

Games Workshop Group PLC, together with its subsidiaries, designs and manufactures miniature figures and games.

Price History & Performance

Summary of all time highs, changes and price drops for Games Workshop Group
Historical stock prices
Current Share PriceUK£111.00
52 Week HighUK£90.40
52 Week LowUK£123.10
Beta1.08
1 Month Change-5.13%
3 Month Change-0.80%
1 Year Change18.09%
3 Year Change176.46%
5 Year Change2,076.47%
Change since IPO9,306.78%

Recent News & Updates

Sep 19
Games Workshop Group (LON:GAW) Is Paying Out Less In Dividends Than Last Year

Games Workshop Group (LON:GAW) Is Paying Out Less In Dividends Than Last Year

Games Workshop Group PLC ( LON:GAW ) is reducing its dividend to UK£0.25 on the 5th of November. However, the dividend...

Aug 24
Does Games Workshop Group (LON:GAW) Deserve A Spot On Your Watchlist?

Does Games Workshop Group (LON:GAW) Deserve A Spot On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Jul 31
Here's What Analysts Are Forecasting For Games Workshop Group PLC (LON:GAW) After Its Yearly Results

Here's What Analysts Are Forecasting For Games Workshop Group PLC (LON:GAW) After Its Yearly Results

Games Workshop Group PLC ( LON:GAW ) shareholders are probably feeling a little disappointed, since its shares fell...

Jul 25
Are Games Workshop Group PLC (LON:GAW) Investors Paying Above The Intrinsic Value?

Are Games Workshop Group PLC (LON:GAW) Investors Paying Above The Intrinsic Value?

Today we will run through one way of estimating the intrinsic value of Games Workshop Group PLC ( LON:GAW ) by...

Shareholder Returns

GAWGB LeisureGB Market
7D-6.5%-7.2%-1.2%
1Y18.1%19.6%22.6%

Return vs Industry: GAW underperformed the UK Leisure industry which returned 21.5% over the past year.

Return vs Market: GAW underperformed the UK Market which returned 22% over the past year.

Price Volatility

Is GAW's price volatile compared to industry and market?
GAW volatility
GAW Beta1.08
Industry Beta1.12
Market Beta1

Stable Share Price: GAW is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GAW's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19912,436Kevin Rountreehttps://www.games-workshop.com

Games Workshop Group PLC, together with its subsidiaries, designs and manufactures miniature figures and games. It operates through Trade, Retail, and Online segments. The company’s games include Warhammer: Age of Sigmar; Warhammer 40,000; Horus Heresy; and Middle-earth strategy battle game.

Games Workshop Group Fundamentals Summary

How do Games Workshop Group's earnings and revenue compare to its market cap?
GAW fundamental statistics
Market CapUK£3.64b
Earnings (TTM)UK£122.00m
Revenue (TTM)UK£353.20m

29.8x

P/E Ratio

10.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GAW income statement (TTM)
RevenueUK£353.20m
Cost of RevenueUK£96.30m
Gross ProfitUK£256.90m
ExpensesUK£134.90m
EarningsUK£122.00m

Last Reported Earnings

May 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.73
Gross Margin72.73%
Net Profit Margin34.54%
Debt/Equity Ratio0%

How did GAW perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

50%

Payout Ratio

Does GAW pay a reliable dividends?

See GAW dividend history and benchmarks
When do you need to buy GAW by to receive an upcoming dividend?
Games Workshop Group dividend dates
Ex Dividend DateSep 30 2021
Dividend Pay DateNov 05 2021
Days until Ex dividend8 days
Days until Dividend pay date44 days

Does GAW pay a reliable dividends?

See GAW dividend history and benchmarks

Valuation

Is Games Workshop Group undervalued compared to its fair value and its price relative to the market?

29.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GAW (£111) is trading above our estimate of fair value (£92.31)

Significantly Below Fair Value: GAW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GAW is poor value based on its PE Ratio (29.8x) compared to the UK Leisure industry average (16.7x).

PE vs Market: GAW is poor value based on its PE Ratio (29.8x) compared to the UK market (23.3x).


Price to Earnings Growth Ratio

PEG Ratio: GAW is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: GAW is overvalued based on its PB Ratio (18.5x) compared to the GB Leisure industry average (2x).


Future Growth

How is Games Workshop Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GAW's forecast earnings growth (8.3% per year) is above the savings rate (0.9%).

Earnings vs Market: GAW's earnings (8.3% per year) are forecast to grow slower than the UK market (13.4% per year).

High Growth Earnings: GAW's earnings are forecast to grow, but not significantly.

Revenue vs Market: GAW's revenue (7.2% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: GAW's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GAW's Return on Equity is forecast to be very high in 3 years time (60.2%).


Past Performance

How has Games Workshop Group performed over the past 5 years?

30.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GAW has a high level of non-cash earnings.

Growing Profit Margin: GAW's current net profit margins (34.5%) are higher than last year (26.4%).


Past Earnings Growth Analysis

Earnings Trend: GAW's earnings have grown significantly by 30.5% per year over the past 5 years.

Accelerating Growth: GAW's earnings growth over the past year (71%) exceeds its 5-year average (30.5% per year).

Earnings vs Industry: GAW earnings growth over the past year (71%) underperformed the Leisure industry 71%.


Return on Equity

High ROE: GAW's Return on Equity (62.1%) is considered outstanding.


Financial Health

How is Games Workshop Group's financial position?


Financial Position Analysis

Short Term Liabilities: GAW's short term assets (£144.4M) exceed its short term liabilities (£44.7M).

Long Term Liabilities: GAW's short term assets (£144.4M) exceed its long term liabilities (£40.7M).


Debt to Equity History and Analysis

Debt Level: GAW is debt free.

Reducing Debt: GAW has not had any debt for past 5 years.

Debt Coverage: GAW has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GAW has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Games Workshop Group current dividend yield, its reliability and sustainability?

1.67%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 22 2021Ex Dividend DateSep 30 2021Dividend Pay DateNov 05 202136 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: GAW's dividend (1.67%) is higher than the bottom 25% of dividend payers in the UK market (1.35%).

High Dividend: GAW's dividend (1.67%) is low compared to the top 25% of dividend payers in the UK market (4%).


Stability and Growth of Payments

Stable Dividend: GAW's dividend payments have been volatile in the past 10 years.

Growing Dividend: GAW's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (49.6%), GAW's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GAW's dividends in 3 years are forecast to be covered by earnings (62.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Kevin Rountree (51 yo)

6.67yrs

Tenure

UK£1,388,000

Compensation

Mr. Kevin Derek Rountree has been Chief Executive Officer of Games Workshop Group plc since January 01, 2015. Mr. Rountree served as Chief Operating Officer of Games Workshop Group plc until January 1, 201...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD1.89M) is about average for companies of similar size in the UK market ($USD2.17M).

Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GAW's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: GAW's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GAW insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Games Workshop Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Games Workshop Group PLC
  • Ticker: GAW
  • Exchange: LSE
  • Founded: 1991
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: UK£3.638b
  • Shares outstanding: 32.78m
  • Website: https://www.games-workshop.com

Number of Employees


Location

  • Games Workshop Group PLC
  • Willow Road
  • Lenton
  • Nottingham
  • Nottinghamshire
  • NG7 2WS
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/21 22:28
End of Day Share Price2021/09/21 00:00
Earnings2021/05/30
Annual Earnings2021/05/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.