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CD Projekt S.A.WSE:CDR Stock Report

Market Cap zł23.9b
Share Price
zł238.80
n/a
1Y19.5%
7D-6.9%
Portfolio Value
​
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CD Projekt S.A.

WSE:CDR Stock Report

Market Cap: zł23.9b

CD Projekt (CDR) Stock Overview

Together its subsidiaries, engages in the development, publishing, and digital distribution of video games for personal computers and video game consoles in Poland. More details

CDR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance3/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 64.6% below our estimate of its fair value

Earnings are forecast to grow 51.75% per year

Earnings grew by 29.8% over the past year

Risk Analysis

High level of non-cash earnings


CDR Community Fair Values

Create Narrative

See what 89 others think this stock is worth. Follow their fair value or set your own to get alerts.

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CD Projekt

Witcher Four Delay Will Raise Costs Yet Cyberpunk Will Excite

Key Takeaways Delayed Witcher 4 release and strategic franchise management could affect near-term revenue and net margins. Increased R&D investment and team restructuring may compress margins and extend project timelines.
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zł227.22
FV
5.1% overvalued intrinsic discount
40.83%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
38users have followed this narrative
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CD Projekt

Rising Costs And Delays Will Undercut Witcher And Cyberpunk Success

Key Takeaways Dependence on major, infrequent game releases and shifting industry trends threaten revenue stability and growth prospects. Rising costs from labor, platform fees, and capital pressures weigh on margins and future profitability.
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zł95
FV
151.4% overvalued intrinsic discount
46.82%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
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CD Projekt

Digital Gaming Expansion Will Revitalize Cyberpunk And Witcher

Key Takeaways Launches on new platforms and expansion into transmedia are set to broaden audience reach and create new, recurring revenue streams. Increased investment in development teams and digital sales strategy is driving stronger pipelines and improving long-term margin potential.
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zł350
FV
31.8% undervalued intrinsic discount
92.02%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
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CD Projekt S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for CD Projekt
Historical stock prices
Current Share Pricezł238.80
52 Week Highzł286.60
52 Week Lowzł178.25
Beta0.31
1 Month Change-4.56%
3 Month Change-4.56%
1 Year Change19.49%
3 Year Change81.76%
5 Year Change-25.49%
Change since IPO18,411.63%

Recent News & Updates

We Think You Should Be Aware Of Some Concerning Factors In CD Projekt's (WSE:CDR) Earnings

Dec 03
We Think You Should Be Aware Of Some Concerning Factors In CD Projekt's (WSE:CDR) Earnings

CD Projekt S.A. Just Recorded A 143% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 30
CD Projekt S.A. Just Recorded A 143% EPS Beat: Here's What Analysts Are Forecasting Next

Recent updates

We Think You Should Be Aware Of Some Concerning Factors In CD Projekt's (WSE:CDR) Earnings

Dec 03
We Think You Should Be Aware Of Some Concerning Factors In CD Projekt's (WSE:CDR) Earnings

CD Projekt S.A. Just Recorded A 143% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 30
CD Projekt S.A. Just Recorded A 143% EPS Beat: Here's What Analysts Are Forecasting Next

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
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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

Shareholder Returns

CDRPL EntertainmentPL Market
7D-6.9%-6.3%-2.0%
1Y19.5%14.7%26.2%

Return vs Industry: CDR exceeded the Polish Entertainment industry which returned 14.7% over the past year.

Return vs Market: CDR underperformed the Polish Market which returned 26.2% over the past year.

Price Volatility

Is CDR's price volatile compared to industry and market?
CDR volatility
CDR Average Weekly Movement4.2%
Entertainment Industry Average Movement4.6%
Market Average Movement4.6%
10% most volatile stocks in PL Market9.0%
10% least volatile stocks in PL Market2.9%

Stable Share Price: CDR has not had significant price volatility in the past 3 months compared to the Polish market.

Volatility Over Time: CDR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001634Adam Badowskiwww.cdprojekt.com

CD Projekt S.A., together its subsidiaries, engages in the development, publishing, and digital distribution of video games for personal computers and video game consoles in Poland. It operates in two segments, CD PROJEKT RED and GOG.com. The company's product portfolio comprises Cyberpunk 2077: Phantom Liberty; Cyberpunk 2077; The Witcher 3: Wild Hunt; The Witcher 2: Assassins of Kings; The Witcher; and GWENT: The Witcher Card Game.

CD Projekt S.A. Fundamentals Summary

How do CD Projekt's earnings and revenue compare to its market cap?
CDR fundamental statistics
Market capzł23.86b
Earnings (TTM)zł570.15m
Revenue (TTM)zł1.13b
41.8x
P/E Ratio
21.2x
P/S Ratio

Is CDR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDR income statement (TTM)
Revenuezł1.13b
Cost of Revenuezł229.31m
Gross Profitzł895.69m
Other Expenseszł325.54m
Earningszł570.15m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)5.71
Gross Margin79.62%
Net Profit Margin50.68%
Debt/Equity Ratio0%

How did CDR perform over the long term?

See historical performance and comparison

Dividends

0.4%
Current Dividend Yield
17%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/05 18:46
End of Day Share Price 2025/12/05 00:00
Earnings2025/09/30
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. 16 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