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Keywords Studios

AIM:KWS
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KWS
AIM
£932M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

Keywords Studios PLC provides technical services to the video game industry in Ireland and internationally. The last earnings update was 11 days ago. More info.


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  • Keywords Studios has significant price volatility in the past 3 months.
KWS Share Price and Events
7 Day Returns
1.2%
AIM:KWS
1.9%
GB IT
1.9%
GB Market
1 Year Returns
-15%
AIM:KWS
0.1%
GB IT
2.5%
GB Market
KWS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Keywords Studios (KWS) 1.2% 28.9% 13.9% -15% 463.2% 813%
GB IT 1.9% 6.2% 14% 0.1% 54.4% -7.2%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • KWS underperformed the IT industry which returned 0.1% over the past year.
  • KWS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
KWS
Industry
5yr Volatility vs Market
Related Companies

KWS Value

 Is Keywords Studios undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Keywords Studios to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Keywords Studios.

AIM:KWS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:KWS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 7.1%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 12.5%) (3.74%))
1.06
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.06 * 7.14%)
8.79%

Discounted Cash Flow Calculation for AIM:KWS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Keywords Studios is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:KWS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.79%)
2019 32.30 Analyst x5 29.69
2020 36.07 Analyst x6 30.48
2021 45.42 Analyst x2 35.27
2022 51.75 Est @ 13.96% 36.94
2023 57.00 Est @ 10.14% 37.40
2024 61.26 Est @ 7.46% 36.94
2025 64.68 Est @ 5.59% 35.86
2026 67.45 Est @ 4.28% 34.37
2027 69.72 Est @ 3.37% 32.66
2028 71.62 Est @ 2.72% 30.84
Present value of next 10 years cash flows €340.45
AIM:KWS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €71.62 × (1 + 1.23%) ÷ (8.79% – 1.23%)
€958.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €958.31 ÷ (1 + 8.79%)10
€412.59
AIM:KWS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €340.45 + €412.59
€753.03
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €753.03 / 63.37
€11.88
AIM:KWS Discount to Share Price
Calculation Result
Exchange Rate EUR/GBP
(Reporting currency to currency of AIM:KWS)
0.865
Value per Share
(GBP)
= Value per Share in EUR x Exchange Rate (EUR/GBP)
= €11.88 x 0.865
£10.28
Value per share (GBP) From above. £10.28
Current discount Discount to share price of £14.70
= -1 x (£14.70 - £10.28) / £10.28
-43%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Keywords Studios is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Keywords Studios's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Keywords Studios's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:KWS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.23
AIM:KWS Share Price ** AIM (2019-04-18) in GBP £14.7
AIM:KWS Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.156 €16.99
United Kingdom of Great Britain and Northern Ireland IT Industry PE Ratio Median Figure of 24 Publicly-Listed IT Companies 27.11x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 796 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Keywords Studios.

AIM:KWS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:KWS Share Price ÷ EPS (both in EUR)

= 16.99 ÷ 0.23

73.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keywords Studios is overvalued based on earnings compared to the GB IT industry average.
  • Keywords Studios is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Keywords Studios's expected growth come at a high price?
Raw Data
AIM:KWS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 73.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
44.6%per year
United Kingdom of Great Britain and Northern Ireland IT Industry PEG Ratio Median Figure of 17 Publicly-Listed IT Companies 1.5x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

AIM:KWS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 73.35x ÷ 44.6%

1.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keywords Studios is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Keywords Studios's assets?
Raw Data
AIM:KWS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €3.03
AIM:KWS Share Price * AIM (2019-04-18) in GBP £14.7
AIM:KWS Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.156 €16.99
United Kingdom of Great Britain and Northern Ireland IT Industry PB Ratio Median Figure of 45 Publicly-Listed IT Companies 3.76x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.51x
AIM:KWS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:KWS Share Price ÷ Book Value per Share (both in EUR)

= 16.99 ÷ 3.03

5.6x

* Primary Listing of Keywords Studios.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keywords Studios is overvalued based on assets compared to the GB IT industry average.
X
Value checks
We assess Keywords Studios's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Keywords Studios has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KWS Future Performance

 How is Keywords Studios expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Keywords Studios expected to grow at an attractive rate?
  • Keywords Studios's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Keywords Studios's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Keywords Studios's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:KWS Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:KWS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 44.6%
AIM:KWS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 11.3%
United Kingdom of Great Britain and Northern Ireland IT Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
United Kingdom of Great Britain and Northern Ireland IT Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:KWS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:KWS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 393 1
2021-12-31 367 61 2
2020-12-31 327 54 41 8
2019-12-31 296 50 37 8
AIM:KWS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 251 32 15
2018-09-30 224 24 13
2018-06-30 198 15 12
2018-03-31 175 15 9
2017-12-31 151 14 7
2017-09-30 135 15 8
2017-06-30 118 17 8
2017-03-31 107 16 7
2016-12-31 97 15 6
2016-09-30 87 10 5
2016-06-30 76 5 3
2016-03-31 67 4 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Keywords Studios's earnings are expected to grow significantly at over 20% yearly.
  • Keywords Studios's revenue is expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:KWS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Keywords Studios Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:KWS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.51 0.62 0.40 2.00
2019-12-31 0.47 0.57 0.37 2.00
AIM:KWS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.23
2018-09-30 0.21
2018-06-30 0.19
2018-03-31 0.16
2017-12-31 0.12
2017-09-30 0.14
2017-06-30 0.15
2017-03-31 0.13
2016-12-31 0.11
2016-09-30 0.09
2016-06-30 0.06
2016-03-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Keywords Studios is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Keywords Studios's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Keywords Studios has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KWS Past Performance

  How has Keywords Studios performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Keywords Studios's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Keywords Studios has delivered over 20% year on year earnings growth in the past 5 years.
  • Keywords Studios's 1-year earnings growth exceeds its 5-year average (105.2% vs 44.9%)
  • Keywords Studios's earnings growth has exceeded the GB IT industry average in the past year (105.2% vs 23%).
Earnings and Revenue History
Keywords Studios's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Keywords Studios Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:KWS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 250.81 14.90 60.96
2018-09-30 224.21 13.21 52.97
2018-06-30 197.62 11.52 44.98
2018-03-31 174.53 9.39 38.79
2017-12-31 151.43 7.26 32.60
2017-09-30 134.68 7.85 29.49
2017-06-30 117.94 8.44 26.39
2017-03-31 107.26 7.35 24.33
2016-12-31 96.59 6.27 22.27
2016-09-30 86.52 4.77 19.64
2016-06-30 76.45 3.26 17.00
2016-03-31 67.20 3.31 15.50
2015-12-31 57.95 3.36 14.01
2015-09-30 52.72 3.58 12.35
2015-06-30 47.48 3.79 10.70
2015-03-31 42.39 3.01 9.21
2014-12-31 37.29 2.22 7.72
2014-09-30 30.01 1.56 6.24
2014-06-30 22.73 0.90 4.76
2014-03-31 19.46 0.83 4.01
2013-12-31 16.18 0.76 3.27
2013-09-30 15.64 0.80 3.10
2013-07-08 15.10 0.84 2.93
2013-04-08 14.72 1.58 2.82
2012-12-31 14.34 2.33 2.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Keywords Studios has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Keywords Studios used its assets less efficiently than the GB IT industry average last year based on Return on Assets.
  • Keywords Studios has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Keywords Studios's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Keywords Studios has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KWS Health

 How is Keywords Studios's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Keywords Studios's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Keywords Studios is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Keywords Studios's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Keywords Studios's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Keywords Studios Company Filings, last reported 3 months ago.

AIM:KWS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 192.38 40.30 39.87
2018-09-30 192.38 40.30 39.87
2018-06-30 175.17 32.13 32.18
2018-03-31 175.17 32.13 32.18
2017-12-31 161.13 19.28 30.37
2017-09-30 161.13 19.28 30.37
2017-06-30 71.18 13.35 14.48
2017-03-31 71.18 13.35 14.48
2016-12-31 66.70 8.37 17.02
2016-09-30 66.70 8.37 17.02
2016-06-30 60.92 4.00 7.86
2016-03-31 60.92 4.00 7.86
2015-12-31 50.59 1.73 19.05
2015-09-30 50.59 1.73 19.05
2015-06-30 33.61 0.00 7.56
2015-03-31 33.61 0.00 7.56
2014-12-31 32.02 0.00 11.27
2014-09-30 32.02 0.00 11.27
2014-06-30 30.08 0.00 10.07
2014-03-31 30.08 0.00 10.07
2013-12-31 17.49 0.00 15.79
2013-09-30 17.49 0.00 15.79
2013-07-08 5.14 0.00 3.13
2013-04-08 5.14 0.00 3.13
2012-12-31 6.01 0.00 4.40
  • Keywords Studios's level of debt (20.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 20.9% today).
  • Debt is well covered by operating cash flow (79.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 55.7x coverage).
X
Financial health checks
We assess Keywords Studios's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Keywords Studios has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KWS Dividends

 What is Keywords Studios's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.11%
Current annual income from Keywords Studios dividends. Estimated to be 0.12% next year.
If you bought £2,000 of Keywords Studios shares you are expected to receive £2 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Keywords Studios's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Keywords Studios's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Keywords Studios before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:KWS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland IT Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:KWS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.02 3.00
2020-12-31 0.02 9.00
2019-12-31 0.02 9.00
AIM:KWS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-08 0.018 0.112
2018-04-09 0.016 0.100
2017-06-30 0.015 0.100
2017-04-04 0.015 0.165
2016-04-19 0.013 0.308
2016-04-05 0.015 0.503
2015-05-07 0.014 0.585
2015-04-14 0.015 0.702
2014-06-04 0.016 0.912
2014-04-08 0.013 0.687

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keywords Studios is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Keywords Studios is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Keywords Studios's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Keywords Studios's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of Keywords Studios's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
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Income/ dividend checks
We assess Keywords Studios's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Keywords Studios afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Keywords Studios has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KWS Management

 What is the CEO of Keywords Studios's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Day
COMPENSATION €271,602
AGE 54
TENURE AS CEO 10 years
CEO Bio

Mr. Andrew John Day has been the Chief Executive Officer of Keywords Studios plc. since April 2009. Mr. Day has a background in technology, manufacturing and business services through corporate development and general management roles within both publicly quoted and private companies. He started his career in 1983 at Rothmans International PLC in production management. From 1986 to 1993 he had responsibility for corporate development activities at Britannia Security Group PLC, TIP Europe PLC and Brent International PLC before holding the position of Divisional Managing Director at Brent International PLC for six years. Mr. Day served as the Chief Executive Officer of interactive retail software developer, Unipower Solutions and Head of Retail and CPG for EMEA at NYSE listed advanced analytics business, FICO before joining Keywords as its Chief Executive Officer in April 2009. He serves as Executive Director of Keywords Studios plc.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year.
  • Andrew's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Keywords Studios management team in years:

1.7
Average Tenure
44
Average Age
  • The average tenure for the Keywords Studios management team is less than 2 years, this suggests a new team.
Management Team

Andrew Day

TITLE
Group CEO & Executive Director
COMPENSATION
€272K
AGE
54
TENURE
10 yrs

David Broderick

TITLE
CFO & Director
COMPENSATION
€188K
AGE
44
TENURE
2.5 yrs

Giacomo Duranti

TITLE
Chief Operating Officer
AGE
44
TENURE
12.3 yrs

Andrew Brown

TITLE
Chief Marketing Officer
TENURE
0.8 yrs

Igor Efremov

TITLE
Chief Commercial Officer
TENURE
0.8 yrs

Michael Wallen

TITLE
Head of Global Business Development

Liam O'Donoghue

TITLE
Company Secretary
AGE
36
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Keywords Studios board of directors in years:

4.1
Average Tenure
54
Average Age
  • The tenure for the Keywords Studios board of directors is about average.
Board of Directors

Ross Graham

TITLE
Independent Non-Executive Chairman
COMPENSATION
€69K
AGE
70
TENURE
5.8 yrs

Andrew Day

TITLE
Group CEO & Executive Director
COMPENSATION
€272K
AGE
54

David Broderick

TITLE
CFO & Director
COMPENSATION
€188K
AGE
44
TENURE
2.5 yrs

David Reeves

TITLE
Independent Non-Executive Director
COMPENSATION
€64K
AGE
71
TENURE
5.9 yrs

Giorgio Guastalla

TITLE
Non-Executive Director
COMPENSATION
€49K
AGE
49
TENURE
10.3 yrs

Charlotta Ginman

TITLE
Non-Executive Director
COMPENSATION
€22K
AGE
53
TENURE
1.6 yrs

Georges Fornay

TITLE
Non-Executive Director
COMPENSATION
€18K
AGE
61
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
24. Dec 18 Buy Georges Fornay Individual 21. Dec 18 21. Dec 18 2,000 £9.80 £19,600
X
Management checks
We assess Keywords Studios's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Keywords Studios has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KWS News

Simply Wall St News

How Keywords Studios PLC (LON:KWS) Can Impact Your Portfolio Volatility

If you're interested in Keywords Studios PLC (LON:KWS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Does Keywords Studios PLC’s (LON:KWS) ROCE Reflect Well On The Business?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Keywords Studios's Wonderful 633% Share Price Increase Shows How Capitalism Can Build Wealth

To wit, the Keywords Studios PLC (LON:KWS) share price has soared 633% over five years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, Keywords Studios managed to grow its earnings per share at 21% a year.

Simply Wall St -

Should You Investigate Keywords Studios PLC (LON:KWS) At UK£10.02?

Keywords Studios PLC (LON:KWS), which is in the it business, and is based in Ireland,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Keywords Studios’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Simply Wall St -

What does Keywords Studios PLC's (LON:KWS) Balance Sheet Tell Us About Its Future?

Keywords Studios PLC (LON:KWS) is a small-cap stock with a market capitalization of UK£678m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Why Keywords Studios PLC's (LON:KWS) CEO Pay Matters To You

Andrew Day has been the CEO of Keywords Studios PLC (LON:KWS) since 2009. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Andrew Day's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Based On Its ROE, Is Keywords Studios PLC (LON:KWS) A High Quality Stock?

Keywords Studios has a ROE of 6.6%, based on the last twelve months. … Check out our latest analysis for Keywords Studios? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Keywords Studios PLC’s (LON:KWS) Investment Returns Are Lagging Its Industry

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

A Look At The Intrinsic Value Of Keywords Studios PLC (LON:KWS)

I am going to run you through how I calculated the intrinsic value of Keywords Studios PLC (LON:KWS). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What Does Keywords Studios PLC's (LON:KWS) P/E Ratio Tell You?

We'll look at Keywords Studios PLC's (LON:KWS) P/E ratio and reflect on what it tells us about the company's share price. … Keywords Studios has a price to earnings ratio of 88.26, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

KWS Company Info

Description

Keywords Studios PLC provides technical services to the video game industry in Ireland and internationally. It offers localization services related to translation and cultural adaptation of in-game text and audio scripts in various game platforms and genres; and localization testing services consisting of testing the linguistic correctness and cultural acceptability of computer games. The company also provides audio/voiceover services, including script translation, actor selection, and talent management through pre-production, audio direction, recording, and post-production, such as native language quality assurance of the recordings. In addition, it offers functional testing services related to quality assurance services provided to game producers to ensure game functions; and art creation services relate to the production of graphical art assets for inclusion in the video game, including concept art creation, as well as 2D and 3D art asset production and animation. Further, the company provides player support services related to the live operations support, such as community management, player support, and associated services to producers of games. It serves video game developers and publishers. The company was founded in 1998 and is headquartered in Dublin, Ireland.

Details
Name: Keywords Studios PLC
KWS
Exchange: AIM
Founded: 1998
£931,519,581
63,368,679
Website: http://www.keywordsstudios.com
Address: Keywords Studios PLC
Whelan House,
South County Business Park,
Dublin,
Co. Dublin, 18,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM KWS Ordinary Shares London Stock Exchange AIM Market GB GBP 12. Jul 2013
OTCPK KYYW.F Ordinary Shares Pink Sheets LLC US USD 12. Jul 2013
DB KS3 Ordinary Shares Deutsche Boerse AG DE EUR 12. Jul 2013
Number of employees
Current staff
Staff numbers
5,238
Keywords Studios employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:44
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.