MYPS Stock Overview
PLAYSTUDIOS, Inc. develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$3.46|
|52 Week High||US$6.60|
|52 Week Low||US$3.24|
|1 Month Change||-6.99%|
|3 Month Change||-15.51%|
|1 Year Change||-24.78%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-66.24%|
Recent News & Updates
Playstudios: Massively Undervalued
Playstudios has been hit in the short term by changing behavioral trends. Playstudios retains its loyal customer base. Playstudios' valuation is due for a massive upside. Introduction In the last 6 months, PLAYSTUDIOS, Inc. (MYPS) has declined 11.3% as a result of the economy worsening and changing behavioral trends. However, the company still has very solid fundamentals and its valuation remains due for a massive upside. Company Overview Playstudios is a free-to-play casual online video game company, which before focused mainly on casino mobile games. More recently, however, they are known for having obtained exclusive rights to Tetris last November. The company makes nearly all its revenue from in-game store purchases along with advertisements. According to Straits Research, the Video Game market was worth $119 billion in 2021, with an attractive 12.3% 8-year CAGR. Rough Earnings Playstudios' Q2 earnings were not pretty. Revenue was $68.4 million, a decline of 3.4% YoY and missing expectations by $3.25 million. The company expects its 2022 revenue to be in the range of $270 to $285 million, which would mean between a 7% to a 1.3% decline compared to 2021. However, this is to be expected. Gaming activity as a whole has slowed down, and it's hard to beat the records that were set in atypical market conditions. However, they did report EPS of $0.04, which beat expectations by $0.05 Sound Fundamentals With Playstudios' revenue stemming from in-game purchases, seeing high daily and monthly active users is vital to understanding the health of the company. Although gaming at large has seen a decline, management reported that in Q2 2022, DAU saw an increase of 17.2% YoY and MAU saw an increase of 54.4% YoY. Playstudios can likely base its success in such a tumultuous time on its loyal player base. Its enduring franchises will secure the confidence of investors even in a depressive economy. With user activity numbers, it becomes clear that Playstudios saw its revenue decline because of reduced amounts of consumer discretionary spending (vs players disliking their games). This means that Playstudios revenue could quickly pick up again as the economy recovers. In addition, investors might be overly bearish on the growth prospects of Playstudios by comparing it to other triple-A publishers. Playstudios' catalog largely contains casual games, which a lot of the time are played in the outside world (on subways, waiting in lines, etc.) Therefore, any headwinds to its business will be less felt compared to the rest of the gaming industry. Valuation As a gaming company with plenty of growth ahead, a 1.76 P/S ratio by itself is incredibly low. However, I'll still be using it in my valuation model just to be conservative. Assuming Playstudios grows its revenue at an 8-year CAGR of 12.3% (along with the rest of the market) that puts its revenue at $717.8 million in 8 years. Applying its current 1.76x P/S ratio, which gives us a market cap of $1.263 billion. Discounting this figure back to today (with a discount rate of 10.5%) gives us a price target of $5.04, still a 21.1% upside despite using such a conservative P/S ratio. Not to mention, its valuation remains a perfect take-over candidate. Yahoo Finance My price target is closely supported by other analysts tracked by Yahoo Finance. With a range between $4 and $7, and an average of $5.84 (a 40.3% upside). Insider Buying The CEO of Playstudios, Andrew Pascal, bought the stock three times in June of 2022 totaling over 30,000 shares. Even when the stock fell from $6.3 to $4.56, the CEO continued buying, showing his conviction.
|MYPS||US Entertainment||US Market|
Return vs Industry: MYPS exceeded the US Entertainment industry which returned -52% over the past year.
Return vs Market: MYPS underperformed the US Market which returned -23.7% over the past year.
|MYPS Average Weekly Movement||8.6%|
|Entertainment Industry Average Movement||9.0%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: MYPS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MYPS's weekly volatility (9%) has been stable over the past year.
About the Company
PLAYSTUDIOS, Inc. develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally. The company is headquartered in Las Vegas, Nevada.
PLAYSTUDIOS Fundamentals Summary
|MYPS fundamental statistics|
Is MYPS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MYPS income statement (TTM)|
|Cost of Revenue||US$86.08m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.061|
|Net Profit Margin||-2.79%|
How did MYPS perform over the long term?See historical performance and comparison
Is MYPS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MYPS?
Other financial metrics that can be useful for relative valuation.
|What is MYPS's n/a Ratio?|
Price to Sales Ratio vs Peers
How does MYPS's PS Ratio compare to its peers?
|MYPS PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
DDI DoubleDown Interactive
DOYU DouYu International Holdings
Price-To-Sales vs Peers: MYPS is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.8x).
Price to Earnings Ratio vs Industry
How does MYPS's PE Ratio compare vs other companies in the US Entertainment Industry?
Price-To-Sales vs Industry: MYPS is expensive based on its Price-To-Sales Ratio (1.6x) compared to the US Entertainment industry average (1.4x)
Price to Sales Ratio vs Fair Ratio
What is MYPS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1.6x|
|Fair PS Ratio||1.7x|
Price-To-Sales vs Fair Ratio: MYPS is good value based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).
Share Price vs Fair Value
What is the Fair Price of MYPS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MYPS ($3.46) is trading below our estimate of fair value ($9.94)
Significantly Below Fair Value: MYPS is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is PLAYSTUDIOS forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MYPS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: MYPS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: MYPS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: MYPS's revenue (9.5% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: MYPS's revenue (9.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MYPS's Return on Equity is forecast to be low in 3 years time (4.4%).
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How has PLAYSTUDIOS performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MYPS is currently unprofitable.
Growing Profit Margin: MYPS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MYPS is unprofitable, and losses have increased over the past 5 years at a rate of 52.5% per year.
Accelerating Growth: Unable to compare MYPS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MYPS is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (-12.2%).
Return on Equity
High ROE: MYPS has a negative Return on Equity (-2.66%), as it is currently unprofitable.
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How is PLAYSTUDIOS's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MYPS's short term assets ($244.0M) exceed its short term liabilities ($34.8M).
Long Term Liabilities: MYPS's short term assets ($244.0M) exceed its long term liabilities ($2.3M).
Debt to Equity History and Analysis
Debt Level: MYPS is debt free.
Reducing Debt: MYPS had no debt 5 years ago.
Debt Coverage: MYPS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MYPS has no debt, therefore coverage of interest payments is not a concern.
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What is PLAYSTUDIOS current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|PLAYSTUDIOS Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Entertainment)||0.9%|
|Analyst forecast in 3 Years (PLAYSTUDIOS)||0%|
Notable Dividend: Unable to evaluate MYPS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MYPS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MYPS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MYPS's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MYPS has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrew Pascal (56 yo)
Mr. Andrew S. Pascal serves as Advisor at Acies Acquisition Corp. since October 22, 2020. He co-founded Acies Acquisition Corp. in August 2020. He is a Co-Founder, Chairman and Chief Executive Officer of P...
CEO Compensation Analysis
|Andrew Pascal's Compensation vs PLAYSTUDIOS Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$2m||US$500k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$730k||US$500k|
Compensation vs Market: Andrew's total compensation ($USD2.00M) is below average for companies of similar size in the US market ($USD2.92M).
Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.
Experienced Management: MYPS's management team is seasoned and experienced (11.7 years average tenure).
Experienced Board: MYPS's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|08 Feb 22||BuyUS$122,602||Andrew Pascal||Individual||25,700||US$4.77|
|02 Feb 22||BuyUS$122,739||Andrew Pascal||Individual||28,400||US$4.32|
|24 Jan 22||BuyUS$122,629||Andrew Pascal||Individual||32,500||US$3.77|
|20 Jan 22||BuyUS$122,881||Andrew Pascal||Individual||26,000||US$4.73|
|17 Nov 21||BuyUS$232,162||James Murren||Individual||50,000||US$4.78|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
PLAYSTUDIOS, Inc.'s employee growth, exchange listings and data sources
- Name: PLAYSTUDIOS, Inc.
- Ticker: MYPS
- Exchange: NasdaqGM
- Founded: NaN
- Industry: Interactive Home Entertainment
- Sector: Media
- Implied Market Cap: US$445.639m
- Shares outstanding: 128.80m
- Website: https://playstudios.com
Number of Employees
- PLAYSTUDIOS, Inc.
- 10150 Covington Cross Drive
- Las Vegas
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|7000||DB (Deutsche Boerse AG)||Yes||Class A Ordinary Shares||DE||EUR||Dec 2020|
|MYPS||NasdaqGM (Nasdaq Global Market)||Yes||Class A Ordinary Shares||US||USD||Dec 2020|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/27 00:00|
|End of Day Share Price||2022/09/27 00:00|
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.