Playside Studios Ltd (PLY) AI Stock Analysis

• Market Cap: AU$94.95M
• Dividend Yield: N/A
• Average Volume (3M): 250.75K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 1.78
• Revenue Growth: -24.66%
• EPS Growth: -206.50%
• Country: AU
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.02
• Shares Outstanding: 452,138,100
• 10 Day Avg. Volume: 280,094
• 30 Day Avg. Volume: 250,754
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$0.47
• Price Target Upside: 123.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 48 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

The overall stock score of 48 reflects significant financial challenges, including declining revenue and cash flow issues, which are the most impactful factors. Technical analysis shows neutral indicators, while valuation suggests the stock is overvalued given its negative earnings. Strategic improvements are necessary for future growth.

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 demonstrates robust financial health with strong revenue growth and improved profitability, moving from a net loss to a net income. The balance sheet is stable with low leverage and strong equity ratios. Cash flow has significantly improved, indicating effective cash management and liquidity.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	56.92M	48.70M	64.64M	38.45M	29.24M	10.88M
Gross Profit	56.92M	48.70M	64.64M	38.45M	29.24M	10.88M
EBITDA	-3.07M	-6.64M	15.38M	-2.84M	5.85M	-6.25M
Net Income	-2.97M	-12.11M	11.31M	-6.97M	4.85M	-5.88M
Balance Sheet
Total Assets	63.13M	55.43M	69.15M	48.22M	54.60M	17.66M
Cash, Cash Equivalents and Short-Term Investments	28.53M	13.48M	37.44M	32.20M	37.91M	11.23M
Total Debt	1.61M	1.17M	2.04M	1.68M	2.10M	1.46M
Total Liabilities	17.30M	16.14M	17.95M	9.41M	9.63M	4.97M
Stockholders Equity	45.83M	39.29M	51.19M	38.81M	44.97M	12.70M
Cash Flow
Free Cash Flow	4.98M	-22.53M	6.48M	-5.25M	542.00K	-4.23M
Operating Cash Flow	6.38M	-7.33M	18.08M	-1.60M	7.62M	-3.83M
Investing Cash Flow	-14.23M	-15.20M	-11.79M	-3.64M	-7.13M	-2.19M
Financing Cash Flow	-835.00K	-872.00K	-763.00K	-429.00K	26.47M	16.63M

Playside Studios Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.21 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.21, and below the 200-day MA of 0.23, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.48 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, 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
PPL	64 Neutral	47.94M	31.54	0.00%	―	18.95%	1200.00%
ICI	57 Neutral	20.49M	53.33	0.57%	―	-2.82%	0.00%
MXO	55 Neutral	15.79M	-560.00	0.00%	―	12.07%	98.72%
PLY	48 Neutral	AU$94.95M	8.30	-26.76%	―	-24.66%	-206.50%
SP8	44 Neutral	10.25M	-12.50	0.00%	―	201.07%	38.46%
FTI	38 Underperform	26.40M	-5.06	0.00%	―	-15.18%	89.75%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%

Playside Studios Ltd Corporate Events

PlaySide Studios Announces Virtual Annual General Meeting for 2025

PlaySide Studios Ltd has announced its Annual General Meeting (AGM) scheduled for October 22, 2025, which will be conducted virtually. The meeting will provide shareholders the opportunity to engage with the company’s leadership, including a presentation by the CEO and the Chairman, addressing frequently raised questions. This AGM is significant as it allows shareholders to participate in the decision-making process and stay informed about the company’s strategic direction.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$0.43 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 Sophie Karzis acquiring an additional 150,000 fully paid ordinary shares through the Share Purchase Plan, increasing her indirect holdings to 250,000 shares. This acquisition reflects confidence in the company’s future prospects and may influence investor perception positively, potentially impacting the company’s stock performance.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$0.43 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 Sophie Karzis acquiring 150,000 fully paid ordinary shares through a Share Purchase Plan, bringing her total indirect holding to 250,000 shares. This acquisition reflects confidence in the company’s future prospects and may influence stakeholder perceptions, potentially impacting the company’s market positioning and investor relations.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$0.43 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 Aaron Pasias acquiring an additional 150,000 fully paid ordinary shares through a Share Purchase Plan. This acquisition increases his total holdings to 66,650,000 shares, reflecting a strategic move that may influence the company’s shareholder dynamics and potentially impact its market positioning.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$0.43 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

Playside Studios Announces Quotation of New Securities

Playside Studios Ltd has announced the application for quotation of 9,125,000 ordinary fully paid securities on the ASX, effective September 8, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for its operations, potentially impacting its industry positioning and stakeholder interests.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$0.43 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

Playside Studios Ltd Announces Quotation of New Securities on ASX

Playside Studios Ltd has announced the quotation of 133,252 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from September 5, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially strengthen its market position, providing stakeholders with increased liquidity and investment opportunities.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$0.43 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

PlaySide Studios Raises $1.825 Million Through Share Purchase Plan

PlaySide Studios Limited has successfully completed its Share Purchase Plan, raising $1.825 million to issue 9,125,000 fully paid ordinary shares. The funds will be used to bolster the company’s balance sheet and support marketing efforts for upcoming gaming launches in FY26. This follows a prior $6.47 million private placement, indicating strong investor interest and positioning PlaySide for future growth.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$0.43 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.