Playside Studios Ltd (PLY) AI Stock Analysis

• Market Cap: AU$65.68M
• Dividend Yield: N/A
• Average Volume (3M): 458.99K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 1.72
• Revenue Growth: -2.09%
• EPS Growth: -139.13%
• Country: AU
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 88
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.01
• Shares Outstanding: 410,529,820
• 10 Day Avg. Volume: 389,735
• 30 Day Avg. Volume: 458,988
• PEG Ratio: 0.09
• Price to Book (P/B): 3.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -27.89
• 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: 194.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

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

Playside Studios Ltd has a strong financial performance, with impressive revenue growth and profitability improvements. However, technical indicators present a mixed picture with some short-term strength but overall weakness. The valuation remains a significant concern due to negative earnings and no dividend yield, impacting the overall score.

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 generates revenue through a diverse range of streams. The company earns money from the sale of its games across multiple platforms, including in-game purchases and premium game sales. Additionally, it engages in work-for-hire projects, providing game development services to other companies and media partners, which contributes significantly to its income. The studio also benefits from partnerships and collaborations with larger gaming and media companies, enhancing its reach and market presence. Licensing and merchandising based on its original intellectual properties further bolster its revenue streams, creating additional financial opportunities beyond game sales.

Playside Studios Ltd Financial Statement Overview

Summary

Playside Studios Ltd demonstrates robust financial health with strong revenue growth of 68% and improved profitability, turning a net loss into a net income of $11.31M. The balance sheet is stable with low leverage and a strong equity ratio, while cash flow has seen a positive turnaround, enhancing liquidity and cash management.

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	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	56.92M	64.64M	38.45M	29.24M	10.88M	7.01M
Gross Profit	56.92M	64.64M	38.45M	29.24M	10.88M	7.01M
EBITDA	-3.07M	15.38M	-2.84M	5.85M	-6.25M	995.42K
Net Income	-2.97M	11.31M	-6.97M	4.85M	-5.88M	196.23K
Balance Sheet
Total Assets	63.13M	69.15M	48.22M	54.60M	17.66M	2.68M
Cash, Cash Equivalents and Short-Term Investments	28.53M	37.44M	32.20M	37.91M	11.23M	551.13K
Total Debt	1.61M	2.04M	1.68M	2.10M	1.46M	744.71K
Total Liabilities	17.30M	17.95M	9.41M	9.63M	4.97M	1.87M
Stockholders Equity	45.83M	51.19M	38.81M	44.97M	12.70M	804.85K
Cash Flow
Free Cash Flow	4.98M	6.48M	-5.25M	542.00K	-4.23M	291.52K
Operating Cash Flow	6.38M	18.08M	-1.60M	7.62M	-3.83M	315.32K
Investing Cash Flow	-14.23M	-11.79M	-3.64M	-7.13M	-2.19M	726.03K
Financing Cash Flow	-835.00K	-763.00K	-429.00K	26.47M	16.63M	-592.09K

Playside Studios Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.17
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 0.17 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.16, and below the 200-day MA of 0.33, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.17 is Neutral, neither overbought nor oversold. The STOCH value of 26.56 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$65.68M	8.30	-6.30%	―	-2.09%	-139.13%
Sector *	61 Neutral	$40.08B	-1.19	-13.44%	3.97%	2.29%	-73.14%
APPEF		$196.25M	―	-19.32%	―	―	―
FGETF		$1.82B	24.00	9.61%	1.08%	―	―
WEBJF		$1.08B	2.76	1.65%	―	―	―
XROLF		$19.62B	143.28	12.98%	―	―	―
TYR	74 Outperform	AU$462.30M	14.80	15.36%	―	7.50%	204.66%

Playside Studios Ltd Corporate Events

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.

Playside Studios Announces Proposed Issue of Securities

Playside Studios Ltd has announced a proposed issue of 10 million unquoted options, set to expire on April 22, 2030, with an exercise price of $0.2668 per option. This strategic move is aimed at raising capital, potentially enhancing the company’s financial position and supporting its growth initiatives in the competitive gaming market.

PlaySide Studios Director Increases Stake in Company

PlaySide Studios Limited announced a change in the director’s interest, with Mark Goulopoulos acquiring an additional 246,834 fully paid ordinary shares through an on-market purchase. This transaction, valued at $38,757.90, increases his total shareholding to 66,846,834 shares, reflecting a strategic move to strengthen his stake in the company.

PlaySide Studios Announces Operational Restructure Amid Contract Delays

PlaySide Studios is restructuring its operations due to delays in securing anticipated Work for Hire contracts, leading to excess staff capacity. While the company remains optimistic about acquiring new contracts, the timing is uncertain. The restructuring will not affect the development of PlaySide’s major Original IP projects, such as ‘MOUSE: P.I. for Hire’ and the ‘Game of Thrones’ real-time strategy game. The company expects cost savings of $4-5 million per annum from proposed redundancies, with an upfront restructuring cost of approximately $1.5 million. PlaySide aims to optimize its cost base to ensure sustainable growth and high cash flow generation from its Original IP projects starting FY26. The FY25 guidance remains unchanged, with expected revenue of $50-54 million and an EBITDA loss of $6-10 million.