WKS Stock Overview

Operates as an art outsourcing and game development studio in Asia and internationally. More details

WKS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 48.3% below our estimate of its fair value

Earnings are forecast to grow 35.69% per year

Earnings grew by 15.3% over the past year

Risk Analysis

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (SGD121M)

My Notes

Capture your thoughts, links and company narrative

Winking Studios Limited Competitors

Goodwill Entertainment Holding

Catalist:GEH

S$68.0m

Audience Analytics

Catalist:1AZ

S$52.1m

11 bit studios

WSE:11B

zł368.9m

iHuman

NYSE:IH

US$90.1m

Price History & Performance

Summary of share price highs, lows and changes for Winking Studios
Historical stock prices
Current Share Price	S$0.28
52 Week High	S$0.32
52 Week Low	S$0.20
Beta	0
1 Month Change	1.85%
3 Month Change	-5.17%
1 Year Change	37.50%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	30.95%

Recent updates

Shareholder Returns

	WKS	SG Entertainment	SG Market
7D	0%	0.2%	-2.1%
1Y	37.5%	-44.6%	12.3%

Return vs Industry: WKS exceeded the SG Entertainment industry which returned -44.6% over the past year.

Return vs Market: WKS exceeded the SG Market which returned 12.3% over the past year.

Price Volatility

Is WKS's price volatile compared to industry and market?
WKS volatility
WKS Average Weekly Movement	4.5%
Entertainment Industry Average Movement	7.1%
Market Average Movement	4.5%
10% most volatile stocks in SG Market	13.5%
10% least volatile stocks in SG Market	1.9%

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

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

About the Company

Founded	Employees	CEO	Website
2003	800	Johnny Jan	www.winkingworks.com

Winking Studios Limited operates as an art outsourcing and game development studio in Asia and internationally. The company operates three segments: Original Equipment Manufacturer (Art Outsourcing), Original Design Manufacturer (Game Development), and Global Publishing and Others. It creates and develops digital art assets, including 2D concept art, 3D modelling, 2D animation, and 3D animation and visual effects, as well as environment and game character design services.

Winking Studios Limited Fundamentals Summary

How do Winking Studios's earnings and revenue compare to its market cap?
WKS fundamental statistics
Market cap	S$121.10m
Earnings (TTM)	S$1.93m
Revenue (TTM)	S$41.06m

62.7x

P/E Ratio

2.9x

P/S Ratio

Is WKS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WKS income statement (TTM)
Revenue	US$30.30m
Cost of Revenue	US$21.09m
Gross Profit	US$9.21m
Other Expenses	US$7.79m
Earnings	US$1.43m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.0032
Gross Margin	30.40%
Net Profit Margin	4.71%
Debt/Equity Ratio	0%

How did WKS perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 02:27
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Winking Studios Limited is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alyssa Tee	KGI Securities Co. Ltd.
Simon Strong	SP Angel Corporate Finance LLP
Heidi Mo	UOB Kay Hian Research Pte Ltd