CD Projekt S.A.

LSE:0LX1 Stock Report

Market Cap: zł21.8b

CD Projekt Valuation

Is 0LX1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0LX1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
zł571.65
Fair Value
66.8% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: 0LX1 (PLN189.76) is trading below our estimate of fair value (PLN571.65)

Significantly Below Fair Value: 0LX1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0LX1?

Key metric: As 0LX1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0LX1. This is calculated by dividing 0LX1's market cap by their current earnings.
What is 0LX1's PE Ratio?
PE Ratio49.7x
Earningszł439.27m
Market Capzł21.83b

Price to Earnings Ratio vs Peers

How does 0LX1's PE Ratio compare to its peers?

The above table shows the PE ratio for 0LX1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.2x
FDEV Frontier Developments
5.3x-110.1%UK£85.1m
GMR Gaming Realms
15.3x22.1%UK£102.6m
RMV Rightmove
26x7.8%UK£5.2b
ITV ITV
6.2x-12.1%UK£2.7b
0LX1 CD Projekt
49.7x30.6%zł21.8b

Price-To-Earnings vs Peers: 0LX1 is expensive based on its Price-To-Earnings Ratio (49.7x) compared to the peer average (13.2x).

Price to Earnings Ratio vs Industry

How does 0LX1's PE Ratio compare vs other companies in the European Entertainment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0LX1 49.7xIndustry Avg. 14.2xNo. of Companies11PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0LX1 is expensive based on its Price-To-Earnings Ratio (49.7x) compared to the European Entertainment industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0LX1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0LX1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0LX1's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0LX1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł189.76
zł153.78
-19.0%
30.4%zł241.00zł90.00n/a18
Jan ’26n/a
zł145.78
0%
30.0%zł241.00zł90.00n/a18
Dec ’25n/a
zł142.33
0%
27.3%zł205.00zł85.00n/a18
Nov ’25n/a
zł134.72
0%
25.6%zł205.00zł85.00n/a18
Oct ’25zł173.51
zł134.72
-22.4%
25.6%zł205.00zł85.00n/a18
Sep ’25n/a
zł129.00
0%
27.1%zł207.00zł85.00n/a18
Aug ’25n/a
zł119.47
0%
25.1%zł170.00zł80.00n/a19
Jul ’25zł138.95
zł115.21
-17.1%
24.6%zł170.00zł80.00n/a19
Jun ’25n/a
zł111.06
0%
25.3%zł170.00zł80.00n/a18
May ’25n/a
zł112.59
0%
26.0%zł178.00zł80.00n/a17
Apr ’25n/a
zł112.00
0%
26.6%zł178.00zł80.00n/a17
Mar ’25n/a
zł112.00
0%
26.6%zł178.00zł80.00n/a17
Feb ’25n/a
zł112.00
0%
26.6%zł178.00zł80.00n/a17
Jan ’25n/a
zł114.06
0%
25.9%zł178.00zł83.00n/a16
Dec ’24n/a
zł120.50
0%
26.9%zł185.00zł83.00n/a16
Nov ’24n/a
zł120.09
0%
28.4%zł185.00zł80.00n/a16
Oct ’24n/a
zł125.06
0%
26.1%zł185.00zł80.00zł173.5116
Sep ’24n/a
zł121.81
0%
30.5%zł207.00zł80.00n/a16
Aug ’24n/a
zł121.44
0%
30.2%zł207.00zł80.00n/a16
Jul ’24n/a
zł115.19
0%
27.4%zł207.00zł80.00zł138.9516
Jun ’24n/a
zł114.56
0%
27.3%zł207.00zł80.00n/a16
May ’24n/a
zł113.53
0%
27.0%zł207.00zł80.00n/a17
Apr ’24n/a
zł117.47
0%
28.0%zł215.00zł77.00n/a17
Mar ’24n/a
zł118.65
0%
27.3%zł215.00zł77.00n/a17
Feb ’24n/a
zł119.22
0%
28.0%zł215.00zł77.00n/a18
Jan ’24n/a
zł115.89
0%
28.6%zł214.00zł75.00n/a18
Analyst Price Target
Consensus Narrative from 18 Analysts
zł133.55
Fair Value
42.1% overvalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/19 12:32
End of Day Share Price 2025/01/13 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CD Projekt S.A. is covered by 37 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas Michael DempseyBarclays
Nicholas Michael DempseyBarclays
James BassBerenberg