Playside Studios Ltd (PLY) AI Stock Analysis

• Market Cap: AU$78.00M
• Dividend Yield: N/A
• Average Volume (3M): 369.61K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 1.81
• Revenue Growth: -2.09%
• EPS Growth: -139.13%
• Country: AU
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 85
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.01
• Shares Outstanding: 410,529,820
• 10 Day Avg. Volume: 132,036
• 30 Day Avg. Volume: 369,611
• PEG Ratio: 0.21
• Price to Book (P/B): 1.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.08
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.50
• Price Target Upside: 163.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

Playside Studios Ltd's strong financial performance, marked by significant revenue growth and improved profitability, is the primary driver of its score. Technical indicators suggest short-term strength, though valuation concerns due to a negative P/E ratio and lack of dividend yield weigh down the overall attractiveness.

Playside Studios Ltd Business Overview & Revenue Model

Company Description

PlaySide Studios Limited develops mobile, PC, and console video games in Australia. It provides titles in a range of categories, including self-published games based on original intellectual property and games developed in collaboration with studios, such as Take-Two Interactive, Activision Blizzard, Meta, Disney, Pixar, Warner Bros, and Nickelodeon. The company's portfolio includes 60 titles that are delivered across 4 platforms, which consists of mobile, virtual reality, augmented reality, and PC. PlaySide Studios Limited was incorporated in 2011 and is headquartered in Port Melbourne, Australia.

How the Company Makes Money

PlaySide Studios Ltd generates revenue primarily through the development and distribution of its games. The company employs a monetization strategy that includes in-app purchases, advertising, and premium game sales. Additionally, PlaySide Studios collaborates with other game publishers and developers through licensing agreements and partnerships, which further contribute to its revenue streams. The company also explores opportunities in emerging technologies and platforms, ensuring a diversified income model that supports sustainable growth.

Playside Studios Ltd Financial Statement Overview

Summary

Playside Studios Ltd shows strong financial health with significant revenue growth and improved profitability. The balance sheet is stable with low leverage, and cash flow has improved significantly, indicating robust cash generation capabilities.

Income Statement

Playside Studios Ltd has demonstrated significant revenue growth, with a remarkable increase from $38.45M to $64.64M year-over-year, representing a 68% growth rate. The company has also turned around its profitability, moving from a net loss of $6.97M to a net income of $11.31M, significantly improving its net profit margin. EBIT and EBITDA margins have also improved from negative to 23.8%, indicating strong operational performance. The focus is on sustaining these positive trends.

Balance Sheet

The balance sheet shows a healthy equity position with a debt-to-equity ratio of 0.04, indicating low leverage. The return on equity (ROE) has improved significantly due to increased net income, showcasing efficient use of equity. The equity ratio is strong at 74.03%, reflecting a stable financial structure. However, the company should monitor any potential increase in liabilities to maintain this stability.

Cash Flow

Cash flow analysis reveals a positive turnaround in operating cash flow from a deficit in the previous year to $18.08M, reflecting improved cash generation capabilities. Free cash flow grew substantially, suggesting better cash management and capital expenditure control. The operating cash flow to net income ratio indicates strong cash conversion, further supporting the company's liquidity position.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	64.64M	38.45M	29.24M	10.88M	7.01M
Gross Profit	64.64M	38.45M	29.24M	10.88M	7.01M
EBITDA	15.38M	-2.84M	5.85M	-6.25M	995.42K
Net Income	11.31M	-6.97M	4.85M	-5.88M	196.23K
Balance Sheet
Total Assets	69.15M	48.22M	54.60M	17.66M	2.68M
Cash, Cash Equivalents and Short-Term Investments	37.44M	32.20M	37.91M	11.23M	551.13K
Total Debt	2.04M	1.68M	2.10M	1.46M	744.71K
Total Liabilities	17.95M	9.41M	9.63M	4.97M	1.87M
Stockholders Equity	51.19M	38.81M	44.97M	12.70M	804.85K
Cash Flow
Free Cash Flow	6.48M	-5.25M	542.00K	-4.23M	291.52K
Operating Cash Flow	18.08M	-1.60M	7.62M	-3.83M	315.32K
Investing Cash Flow	-11.79M	-3.64M	-7.13M	-2.19M	726.03K
Financing Cash Flow	-763.00K	-429.00K	26.47M	16.63M	-592.09K

Playside Studios Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PLY, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.16, and below the 200-day MA of 0.30, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.60 is Neutral, neither overbought nor oversold. The STOCH value of 69.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PLY.

Playside Studios Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLY	66 Neutral	AU$78.00M	8.30	-6.30%	―	-2.09%	-139.13%
Sector *	62 Neutral	€3.48B	-0.66	3.90%	5.08%	5.62%	-157.00%
PPL	61 Neutral	AU$57.29M	35.71	27.08%	―	23.76%	―
ICI	57 Neutral	AU$20.49M	53.33	0.58%	―	-2.82%	―
MXO	56 Neutral	AU$14.48M	―	-18.57%	―	33.99%	64.89%
SP8	44 Neutral	AU$10.25M	―	-0.70%	―	-7.44%	97.44%
MKL	38 Underperform	AU$19.07M	―	-1089.14%	―	-52.01%	68.75%

Playside Studios Ltd Corporate Events

PlaySide Studios’ ‘MOUSE: P.I. For Hire’ Surpasses 1 Million Wishlists

PlaySide Studios announced that ‘MOUSE: P.I. For Hire,’ developed by Fumi Games and published by PlaySide, has surpassed one million wishlists across all platforms, becoming the 24th most wishlisted title on Steam. The game, featuring popular actor Troy Baker, is set to launch in 2025 and has garnered significant attention following its trailer release at the Summer Game Fest, driving over eight million views. This strong reception and media coverage suggest a promising launch, potentially making it a major revenue driver for PlaySide in FY26.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios to Launch ‘Game of Thrones: War for Westeros’ in 2026

PlaySide Studios, in collaboration with Warner Bros. Interactive Entertainment, announced the upcoming release of ‘Game of Thrones: War for Westeros,’ a premium real-time strategy game for PC set to launch globally in 2026. This game, inspired by the popular HBO series and George R.R. Martin’s novels, allows players to command iconic factions from the Game of Thrones universe in strategic battles. The announcement highlights PlaySide’s strategic move to leverage a globally recognized franchise, potentially enhancing its market position and expanding its reach within the gaming industry.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Director Acquires 415,000 Shares

PlaySide Studios Limited has announced a change in the director’s interest, with Director Gae-Charles (Guy) Costantini acquiring 415,000 fully paid ordinary shares through on-market purchases. This acquisition, valued at approximately $59,234, signifies a potential increase in the director’s confidence in the company’s future performance and may influence stakeholder perceptions positively.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Restructures to Focus on Key Projects Amid Leadership Changes

PlaySide Studios Ltd has completed a significant restructuring process, reducing its headcount from 334 to 265 to focus on its most promising projects, particularly the Game of Thrones RTS and MOUSE. The company aims to stabilize operations and improve morale through transparent communication and strategic changes, despite the unexpected resignation of co-founder Gerry Sakkas. The leadership team is committed to enhancing game development processes and engaging more meaningfully with shareholders, acknowledging the challenges of maintaining transparency due to non-disclosure agreements and competitive pressures.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.05 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Director Increases Shareholding

PlaySide Studios Limited announced a change in the director’s interest, with Mark Goulopoulos acquiring 200,000 fully paid ordinary shares through an on-market purchase. This transaction increases his total shareholding to 67,046,834 shares, reflecting confidence in the company’s future prospects and potentially impacting investor sentiment positively.

Playside Studios Gains Substantial Holding in Own Shares

Playside Studios Limited has become a substantial holder of its own shares, with a 15.03% voting power due to restrictions on the disposal of shares under voluntary escrow arrangements with Gerry Sakkas. This technical ‘relevant interest’ does not grant Playside Studios the right to acquire or control the voting rights of these shares, indicating a strategic move to manage shareholding without altering control dynamics.

PlaySide Studios Announces Director Departure and Shareholding Details

PlaySide Studios Ltd announced the cessation of Gerry Sakkas as a director, effective May 5, 2025. Sakkas held 67,704,639 fully paid ordinary shares, with a significant portion subject to a 12-month voluntary escrow period, indicating a potential impact on shareholder dynamics and company governance.

Playside Studios Issues 10 Million Unquoted Options

Playside Studios Ltd has announced the issuance of 10 million unquoted options, set to expire on April 22, 2030, with an exercise price of $0.2668 per option. This move is part of the company’s strategic financial operations, potentially impacting its capital structure and offering opportunities for stakeholders to invest in the company’s future growth.