CD Projekt S.A.

WSE:CDR Stock Report

Market Cap: zł23.7b

CD Projekt Future Growth

Future criteria checks 6/6

CD Projekt is forecast to grow earnings and revenue by 51% and 35.7% per annum respectively. EPS is expected to grow by 50.9% per annum. Return on equity is forecast to be 36% in 3 years.

Key information

51.0%

Earnings growth rate

50.87%

EPS growth rate

Entertainment earnings growth41.5%
Revenue growth rate35.7%
Future return on equity35.97%
Analyst coverage

Good

Last updated06 Nov 2025

Recent future growth updates

Earnings Miss: CD Projekt S.A. Missed EPS By 27% And Analysts Are Revising Their Forecasts

Aug 31
Earnings Miss: CD Projekt S.A. Missed EPS By 27% And Analysts Are Revising Their Forecasts

Results: CD Projekt S.A. Beat Earnings Expectations And Analysts Now Have New Forecasts

May 31
Results: CD Projekt S.A. Beat Earnings Expectations And Analysts Now Have New Forecasts

CD Projekt S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Mar 27
CD Projekt S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Recent updates

Earnings Miss: CD Projekt S.A. Missed EPS By 27% And Analysts Are Revising Their Forecasts

Aug 31
Earnings Miss: CD Projekt S.A. Missed EPS By 27% And Analysts Are Revising Their Forecasts

Results: CD Projekt S.A. Beat Earnings Expectations And Analysts Now Have New Forecasts

May 31
Results: CD Projekt S.A. Beat Earnings Expectations And Analysts Now Have New Forecasts

CD Projekt S.A.'s (WSE:CDR) Popularity With Investors Is Clear

May 29
CD Projekt S.A.'s (WSE:CDR) Popularity With Investors Is Clear

Some Investors May Be Worried About CD Projekt's (WSE:CDR) Returns On Capital

Apr 30
Some Investors May Be Worried About CD Projekt's (WSE:CDR) Returns On Capital

Earnings Troubles May Signal Larger Issues for CD Projekt (WSE:CDR) Shareholders

Apr 01
Earnings Troubles May Signal Larger Issues for CD Projekt (WSE:CDR) Shareholders

CD Projekt S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Mar 27
CD Projekt S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Returns At CD Projekt (WSE:CDR) Are On The Way Up

Jan 20
Returns At CD Projekt (WSE:CDR) Are On The Way Up
User avatar

Rising Development Costs And Lack Of New Releases May Weigh On Earnings, But Cyberpunk 2077'S Success Could Boost Future Growth

Absence of major new game releases may limit future revenue growth, despite strong sales from existing titles like Cyberpunk 2077.

Market Participants Recognise CD Projekt S.A.'s (WSE:CDR) Earnings Pushing Shares 25% Higher

Dec 07
Market Participants Recognise CD Projekt S.A.'s (WSE:CDR) Earnings Pushing Shares 25% Higher

Earnings and Revenue Growth Forecasts

WSE:CDR - Analysts future estimates and past financials data (PLN Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20273,6421,6889991,80113
12/31/2026898329-23745415
12/31/2025942374-7659315
6/30/20251,00345515520N/A
3/31/202598545672491N/A
12/31/2024985470174521N/A
9/30/20241,115439436734N/A
6/30/20241,330564458740N/A
3/31/20241,282512377679N/A
12/31/20231,230481280611N/A
9/30/20231,09742596439N/A
6/30/202390032052385N/A
3/31/202391134771377N/A
12/31/2022953346150406N/A
9/30/20228972998214N/A
6/30/202279521858230N/A
3/31/2022907245-14842N/A
12/31/2021888209784968N/A
9/30/20212,2851,1011,0541,253N/A
6/30/20212,2451,1081,0841,306N/A
3/31/20212,1441,0911,3951,593N/A
12/31/20202,1391,150490712N/A
9/30/2020682279159484N/A
6/30/2020670271140457N/A
3/31/2020633250117406N/A
12/31/2019521175-40217N/A
9/30/201943510898238N/A
6/30/201941010833154N/A
3/31/2019368104N/A94N/A
12/31/2018363109N/A133N/A
9/30/2018359114N/A87N/A
6/30/2018377134N/A133N/A
3/31/2018439178N/A205N/A
12/31/2017463200N/A233N/A
9/30/2017504234N/A258N/A
6/30/2017520234N/A243N/A
3/31/2017596263N/A271N/A
12/31/2016584251N/A259N/A
9/30/2016592237N/A307N/A
6/30/2016604241N/A396N/A
3/31/2016859380N/A467N/A
12/31/2015798342N/A412N/A
9/30/2015611284N/A296N/A
6/30/2015534242N/A145N/A
3/31/2015913N/A-9N/A
12/31/20149610N/A-3N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CDR's forecast earnings growth (51% per year) is above the savings rate (4.9%).

Earnings vs Market: CDR's earnings (51% per year) are forecast to grow faster than the Polish market (15.8% per year).

High Growth Earnings: CDR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CDR's revenue (35.7% per year) is forecast to grow faster than the Polish market (4.5% per year).

High Growth Revenue: CDR's revenue (35.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CDR's Return on Equity is forecast to be high in 3 years time (36%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/13 11:00
End of Day Share Price 2025/11/13 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

CD Projekt S.A. is covered by 39 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
David MakArete Research Services LLP
Nicholas Michael DempseyBarclays
Nicholas Michael DempseyBarclays