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PlayWay

WSE:PLW
Snowflake Description

Excellent balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLW
WSE
PLN1B
Market Cap
  1. Home
  2. PL
  3. Media
Company description

PlayWay S.A. produces and publishes computer and mobile video games in Poland, Western Europe, North America, Germany, and internationally. The last earnings update was 19 days ago. More info.


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PLW Share Price and Events
7 Day Returns
-2.5%
WSE:PLW
-9.4%
PL Entertainment
-0.3%
PL Market
1 Year Returns
40.8%
WSE:PLW
13.1%
PL Entertainment
-0.1%
PL Market
PLW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PlayWay (PLW) -2.5% -3.4% 2.2% 40.8% - -
PL Entertainment -9.4% -4.3% 7% 13.1% 461.4% 796.1%
PL Market -0.3% 2.9% -4.7% -0.1% 13.4% -9.1%
1 Year Return vs Industry and Market
  • PLW outperformed the Entertainment industry which returned 13.1% over the past year.
  • PLW outperformed the Market in Poland which returned -0.1% over the past year.
Price Volatility
PLW
Industry
5yr Volatility vs Market

PLW Value

 Is PlayWay 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 PlayWay 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 PlayWay.

WSE:PLW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

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 WSE:PLW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.929 (1 + (1- 19%) (0.01%))
0.952
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.952 * 7.14%)
9.65%

Discounted Cash Flow Calculation for WSE:PLW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PlayWay 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.

WSE:PLW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 9.65%)
2019 63.25 Analyst x2 57.68
2020 72.40 Analyst x2 60.22
2021 88.00 Analyst x1 66.75
2022 90.00 Analyst x1 62.26
2023 96.00 Analyst x1 60.56
2024 101.16 Est @ 5.37% 58.20
2025 105.83 Est @ 4.62% 55.53
2026 110.15 Est @ 4.09% 52.71
2027 114.25 Est @ 3.72% 49.86
2028 118.20 Est @ 3.46% 47.04
Present value of next 10 years cash flows PLN570.81
WSE:PLW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN118.20 × (1 + 2.85%) ÷ (9.65% – 2.85%)
PLN1,787.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN1,787.50 ÷ (1 + 9.65%)10
PLN711.42
WSE:PLW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN570.81 + PLN711.42
PLN1,282.24
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN1,282.24 / 6.60
PLN194.28
WSE:PLW Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN194.28
Current discount Discount to share price of PLN177.40
= -1 x (PLN177.40 - PLN194.28) / PLN194.28
8.7%

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

Current Discount
Amount off the current price PlayWay is available for.
Intrinsic value
9%
Share price is PLN177.4 vs Future cash flow value of PLN194.28
Current Discount Checks
For PlayWay to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PlayWay's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • PlayWay's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 PlayWay's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PlayWay's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:PLW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in PLN PLN6.39
WSE:PLW Share Price ** WSE (2019-06-18) in PLN PLN177.4
Poland Entertainment Industry PE Ratio Median Figure of 20 Publicly-Listed Entertainment Companies 20.8x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.82x

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

** Primary Listing of PlayWay.

WSE:PLW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:PLW Share Price ÷ EPS (both in PLN)

= 177.4 ÷ 6.39

27.74x

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

  • PlayWay is overvalued based on earnings compared to the PL Entertainment industry average.
  • PlayWay is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does PlayWay's expected growth come at a high price?
Raw Data
WSE:PLW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
16.7%per year
Europe Entertainment Industry PEG Ratio Median Figure of 31 Publicly-Listed Entertainment Companies 1.64x
Poland Market PEG Ratio Median Figure of 109 Publicly-Listed Companies 1.05x

*Line of best fit is calculated by linear regression .

WSE:PLW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.74x ÷ 16.7%

1.66x

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

  • PlayWay is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PlayWay's assets?
Raw Data
WSE:PLW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in PLN PLN13.09
WSE:PLW Share Price * WSE (2019-06-18) in PLN PLN177.4
Poland Entertainment Industry PB Ratio Median Figure of 34 Publicly-Listed Entertainment Companies 3.73x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.97x
WSE:PLW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:PLW Share Price ÷ Book Value per Share (both in PLN)

= 177.4 ÷ 13.09

13.55x

* Primary Listing of PlayWay.

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

  • PlayWay is overvalued based on assets compared to the PL Entertainment industry average.
X
Value checks
We assess PlayWay'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 Entertainment 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 Entertainment industry average (and greater than 0)? (1 check)
  5. PlayWay 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.

PLW Future Performance

 How is PlayWay expected to perform in the next 1 to 3 years based on estimates from 4 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
16.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PlayWay expected to grow at an attractive rate?
  • PlayWay's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • PlayWay's earnings growth is expected to exceed the Poland market average.
  • PlayWay's revenue growth is expected to exceed the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:PLW Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:PLW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 16.7%
WSE:PLW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 16.2%
Poland Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Europe Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*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
WSE:PLW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:PLW Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 178 1
2022-12-31 167 1
2021-12-31 147 90 74 2
2020-12-31 129 74 57 4
2019-12-31 113 65 46 4
2018-12-31 78 35 45 2
WSE:PLW Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-09-30 69 26 42
2018-06-30 63 35 43
2018-03-31 42 11 29
2017-12-31 39 11 16
2017-09-30 30 11 12
2017-06-30 19 2 6
2017-03-31 16 2 6
2016-12-31 13 -1 6
2016-09-30 12 -2 6
2016-06-30 11 -1 5
2016-03-31 11 0 6
2015-12-31 10 3 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PlayWay's earnings are expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).
  • PlayWay's revenue is expected to grow by 16.2% 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
WSE:PLW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from PlayWay Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:PLW Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 11.19 11.19 11.19 1.00
2020-12-31 9.55 10.09 9.00 2.00
2019-12-31 7.77 7.77 7.77 1.00
2018-12-31 6.80 6.80 6.80 1.00
WSE:PLW Past Financials Data
Date (Data in PLN Millions) EPS *
2018-09-30 6.39
2018-06-30 6.53
2018-03-31 4.36
2017-12-31 2.39
2017-09-30 1.83
2017-06-30 0.95
2017-03-31 0.96
2016-12-31 0.93
2016-09-30 0.94
2016-06-30 0.90
2016-03-31 0.97
2015-12-31 0.99

*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.
  • PlayWay is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess PlayWay'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 Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
PlayWay 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.

PLW Past Performance

  How has PlayWay 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 PlayWay's growth in the last year to its industry (Entertainment).
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.
  • PlayWay has delivered over 20% year on year earnings growth in the past 5 years.
  • PlayWay's 1-year earnings growth exceeds its 5-year average (253.5% vs 73.2%)
  • PlayWay's earnings growth has exceeded the PL Entertainment industry average in the past year (253.5% vs 98.1%).
Earnings and Revenue History
PlayWay'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 PlayWay Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:PLW Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 68.72 42.27 9.26
2018-06-30 62.66 43.01 9.23
2018-03-31 42.44 28.71 8.70
2017-12-31 39.46 15.77 8.25
2017-09-30 29.62 11.96 7.36
2017-06-30 18.63 6.05 6.07
2017-03-31 16.04 6.05 5.41
2016-12-31 12.58 5.65 4.98
2016-09-30 12.02 5.63 4.15
2016-06-30 11.06 5.42 3.25
2016-03-31 10.78 5.81 2.62
2015-12-31 10.38 5.96 2.02
2014-12-31 5.81 3.04 1.76

*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.
  • PlayWay made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • PlayWay used its assets more efficiently than the PL Entertainment industry average last year based on Return on Assets.
  • PlayWay's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PlayWay'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 Entertainment 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.
PlayWay has a total score of 5/6, 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.

PLW Health

 How is PlayWay'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 PlayWay's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PlayWay is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PlayWay's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PlayWay'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 1280.2x 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 PlayWay Company Filings, last reported 8 months ago.

WSE:PLW Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 99.11 0.06 58.94
2018-06-30 89.65 0.00 58.51
2018-03-31 85.65 0.00 49.04
2017-12-31 70.23 2.30 47.26
2017-09-30 63.45 2.28 45.42
2017-06-30 54.42 1.75 36.96
2017-03-31 51.84 1.41 36.80
2016-12-31 50.05 1.40 35.17
2016-09-30 20.06 0.45 5.79
2016-06-30 18.36 0.05 5.79
2016-03-31 15.05 0.09 6.89
2015-12-31 15.05 0.09 6.89
2014-12-31 7.59 0.00 1.93
  • PlayWay's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if PlayWay's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (41601.6%, greater than 20% of total debt).
  • PlayWay earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess PlayWay'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. PlayWay 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.

PLW Dividends

 What is PlayWay'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
1.4%
Current annual income from PlayWay dividends. Estimated to be 4.37% next year.
If you bought PLN2,000 of PlayWay shares you are expected to receive PLN28 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?
  • PlayWay's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.84%).
  • PlayWay's dividend is below the markets top 25% of dividend payers in Poland (7.33%).
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
WSE:PLW 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 4 Analyst Estimates (S&P Global) See Below
Europe Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 2%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

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

WSE:PLW Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 10.09 1.00
2020-12-31 7.74 2.00
2019-12-31 5.48 1.00
2018-12-31 2.40 1.00
WSE:PLW Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2019-05-30 2.490 1.403
2018-09-24 2.380 1.556
2018-04-23 2.380 1.736

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

  • PlayWay is not paying a notable dividend for Poland, therefore no need to check if the payments are stable.
  • PlayWay is not paying a notable dividend for Poland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of PlayWay's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of PlayWay's dividends as it is not paying a notable one for Poland.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess PlayWay's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 PlayWay afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PlayWay has a total score of 1/6, see the detailed checks below.


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

PLW Management

 What is the CEO of PlayWay'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
Krzysztof Kostowski
TENURE AS CEO 8.2 years
CEO Bio

Mr. Krzysztof Kostowski serves as the President of The Management Board of PlayWay S.A. since April 20, 2011. Mr. Kostowski is a Self-Made Entrepreneur and Gaming Industry Veteran, working in the gaming business since 1991. He was a Co-Owner of the largest wholesaler of computer games in Poland, where he was responsible for the full process from creation of new games, sale of licenses, contacts with foreign customers, publishing monthly magazines with full versions of games to recruiting new developer teams. In 2011, he launched his new company Playway S.A. that has quickly established itself as a Leading Developer and Publisher of PC and Mobile games worldwide.

CEO Compensation
  • Insufficient data for Krzysztof to compare compensation growth.
  • Insufficient data for Krzysztof to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team

Krzysztof Kostowski

TITLE
President of the Management Board
TENURE
8.2 yrs

Jakub Trzebinski

TITLE
Vice President of the Management Board
AGE
30
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the PlayWay board of directors in years:

3.5
Average Tenure
42
Average Age
  • The tenure for the PlayWay board of directors is about average.
Board of Directors

Mateusz Zawadzki

TITLE
Chairman of the Supervisory Board
AGE
29

Michal Kojecki

TITLE
Member of the Supervisory Board
AGE
48
TENURE
3.5 yrs

Aleksy Uchanski

TITLE
Member of the Supervisory Board
AGE
42
TENURE
3.5 yrs

Grzegorz Czarnecki

TITLE
Member of the Supervisory Board
AGE
42
TENURE
3.5 yrs

Radoslaw Mrowinski

TITLE
Member of the Supervisory Board
AGE
41
TENURE
3.3 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 (PLN) Value (PLN)
X
Management checks
We assess PlayWay'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. PlayWay 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.

PLW News

Simply Wall St News

Should We Worry About PlayWay S.A.'s (WSE:PLW) P/E Ratio?

Check out our latest analysis for PlayWay How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for PlayWay: P/E of 27.21 = PLN174 ÷ PLN6.39 (Based on the year to September 2018.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Growth Rates Impact P/E Ratios P/E ratios primarily reflect market expectations around earnings growth rates.

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Want To Invest In PlayWay S.A. (WSE:PLW) Today? Read This First

PLW is trading at price-to-earnings (PE) ratio of 29.4x, which suggests that PlayWay is overvalued based on current earnings compared to the Entertainment industry average of 21x , and overvalued compared to the PL market average ratio of 10.66x. … However, to properly examine the value of a high-growth stock such as PlayWay, we must reflect its earnings growth into the valuation. … This means that, when we account for PlayWay's growth, the stock can be viewed as a bit overvalued , based on its fundamentals.

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Should PlayWay (WSE:PLW) Be Disappointed With Their 11% Profit?

It is important to consider the total shareholder return, as well as the share price return, for any given stock. … Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. … As it happens, PlayWay's TSR for the last year was 13%, which exceeds the share price return mentioned earlier.

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Why PlayWay S.A. (WSE:PLW) Could Be Your Next Investment

In the case of PLW, it is a financially-robust company with a great track record and an optimistic future outlook. … This illustrates a strong track record, leading to a satisfying return on equity of 50%, which paints a buoyant picture for the company. … WSE:PLW Past and Future Earnings, May 16th 2019 PLW's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health.

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Does PlayWay (WSE:PLW) 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 stocks' without revenue, let alone profit. … How Fast Is PlayWay Growing Its Earnings Per Share. … The good news is that PlayWay is growing revenues, and EBIT margins improved by 16 percentage points to 64%, over the last year.

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When Should You Buy PlayWay S.A. (WSE:PLW)?

As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Today I will analyse the most recent data on PlayWay’s outlook and valuation to see if the opportunity still exists

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Do Directors Own PlayWay S.A. (WSE:PLW) Shares?

The big shareholder groups in PlayWay S.A. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … With a market capitalization of zł1.3b, PlayWay is a small cap stock, so it might not be well known by many institutional investors.

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Should We Be Delighted With PlayWay S.A.'s (WSE:PLW) ROE Of 50%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every PLN1 worth of shareholders' equity, it generated PLN0.50 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Is PlayWay S.A. (WSE:PLW) A Good Dividend Stock?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … (WSE:PLW) has started paying dividends to shareholders. … If you are a dividend investor, you should always assess these five key metrics:

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Did PlayWay's Share Price Deserve to Gain 75%?

(WSE:PLW) share price is 75% higher than it was a year ago, much better than the market return of around -4.1% in the same period. … We'll need to follow PlayWay for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price.

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PLW Company Info

Description

PlayWay S.A. produces and publishes computer and mobile video games in Poland, Western Europe, North America, Germany, and internationally. The company develops games for PC/PS4/Xbox1/iOS/Android platforms. It sells its products through STEAM, AppStore, and GooglePlay platforms. The company was founded in 2011 and is headquartered in Warsaw, Poland.

Details
Name: PlayWay S.A.
PLW
Exchange: WSE
Founded: 2011
PLN1,170,840,000
6,600,000
Website: http://www.playway.com
Address: PlayWay S.A.
ul. Bluszczanska 76 lok 6,
Warsaw,
00-712,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE PLW Common Bearer Shares Warsaw Stock Exchange PL PLN 19. Oct 2016
DB 6P5 Common Bearer Shares Deutsche Boerse AG DE EUR 19. Oct 2016
BST 6P5 Common Bearer Shares Boerse-Stuttgart DE EUR 19. Oct 2016
Number of employees
Current staff
Staff numbers
0
PlayWay employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:20
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/05/29
Last earnings filing: 2019/05/30
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.