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Playside Studios Ltd
(Sydney:PLY)
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Rating:41Neutral
Price Target:
AU$0.11
▼(-70.00% Downside)
Action:Reiterated
Date:06/03/26
The score is held down primarily by weak fundamentals—declining revenue, ongoing losses, and stressed cash flow. Technicals also reflect poor momentum (below key moving averages with a negative MACD and low RSI). Valuation is not supportive given the high P/E and no dividend yield provided.
Positive Factors
Low leverage / strong equity position
A minimal debt load (debt-to-equity ~0.03) gives Playside financial flexibility to fund multi-stage game development cycles and absorb launch delays without immediate refinancing. This reduces default risk and supports strategic investment in IP or tooling over the next several quarters.
Negative Factors
Declining revenue and negative margins
Sustained revenue declines and recurring negative EBIT/net margins signal issues in product-market fit, pricing, or cost control. Over months, this erodes the ability to fund new IP internally, weakens competitive positioning, and forces trade-offs between growth investment and cost cutting.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong equity position
A minimal debt load (debt-to-equity ~0.03) gives Playside financial flexibility to fund multi-stage game development cycles and absorb launch delays without immediate refinancing. This reduces default risk and supports strategic investment in IP or tooling over the next several quarters.
Read all positive factors
Playside Studios Ltd (PLY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$61.27M
Dividend YieldN/A
Average Volume (3M)391.07K
Price to Earnings (P/E)96.4
Beta (1Y)2.53
Revenue Growth-28.64%
EPS GrowthN/A
CountryAU
Employees364
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)<0.01
Shares Outstanding453,834,630
10 Day Avg. Volume548,253
30 Day Avg. Volume391,070
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.67
Price to Sales (P/S)1.35
P/FCF Ratio-2.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.34Price Target Upside-2.86% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$45.71M
Playside Studios Ltd Business Overview & Revenue Model
Company Description
PlaySide Studios Limited is an Australian developer crafting video games for mobile, personal computer, and console systems. The company's diverse range of titles includes both original intellectual property released under its own label and collab...
How the Company Makes Money
Playside Studios makes money primarily through (1) game-related revenues from titles it develops and/or publishes and (2) fees from providing development services to third parties.
1) Game revenues (owned and published titles)
- Unit sales and di...
Playside Studios Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.62M | 48.70M | 64.64M | 38.45M | 29.24M | 10.88M |
| Gross Profit | 17.36M | 48.70M | 64.64M | 38.45M | 29.24M | 10.88M |
| EBITDA | -1.75M | -6.64M | 15.38M | -2.84M | 5.85M | -6.25M |
| Net Income | 1.16M | -12.11M | 11.31M | -6.97M | 4.85M | -5.88M |
Balance Sheet | ||||||
| Total Assets | 70.75M | 55.43M | 69.15M | 48.22M | 54.60M | 17.66M |
| Cash, Cash Equivalents and Short-Term Investments | 13.95M | 13.48M | 37.44M | 32.20M | 37.91M | 11.23M |
| Total Debt | 767.00K | 1.17M | 2.04M | 1.68M | 2.10M | 1.46M |
| Total Liabilities | 14.74M | 16.14M | 17.95M | 9.41M | 9.63M | 4.97M |
| Stockholders Equity | 56.01M | 39.29M | 51.19M | 38.81M | 44.97M | 12.70M |
Cash Flow | ||||||
| Free Cash Flow | -3.09M | -22.53M | 6.48M | -5.25M | 542.00K | -4.23M |
| Operating Cash Flow | -2.82M | -7.33M | 18.08M | -1.60M | 7.62M | -3.83M |
| Investing Cash Flow | -19.18M | -15.20M | -11.79M | -3.64M | -7.13M | -2.19M |
| Financing Cash Flow | 7.02M | -872.00K | -763.00K | -429.00K | 26.47M | 16.63M |
Playside Studios Ltd Technical Analysis
Negative
0.35
Price Trends
0.20
Negative
0.24
Negative
0.24
Negative
Market Momentum
-0.02
Negative
45.81
Neutral
43.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PLY, the sentiment is Negative. The current price of 0.35 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.20, and above the 200-day MA of 0.24, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 43.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PLY.
Playside Studios Ltd Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$17.10M | 18.00 | 16.87% | ― | -16.26% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | AU$396.28M | -19.64 | -69.45% | ― | -22.98% | 95.85% | |
54 Neutral | AU$33.70M | 16.47 | 22.47% | ― | 15.19% | 14.29% | |
50 Neutral | AU$10.56M | -10.00 | -7.56% | ― | 516.43% | -1500.00% | |
41 Neutral | AU$61.27M | 96.43 | 2.43% | ― | -28.64% | ― |
* Communication Services Sector Average
AU:PLY
Playside Studios Ltd
0.14
-0.04
-25.00%
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0.01
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Playside Studios Ltd Corporate Events
PlaySide Studios Requests Trading Halt Ahead of Major Contract Update
May 27, 2026
PlaySide Studios has requested a trading halt in its securities on the ASX while it prepares a market‑sensitive announcement. The halt reflects the company’s reliance on major external contracts and signals that a significant change, p...
PlaySide lifts FY26 revenue outlook on blockbuster performance of MOUSE: P.I. For Hire
May 7, 2026
PlaySide Studios has reported strong ongoing performance from its title MOUSE: P.I. For Hire, which has sold about 730,000 units across platforms and generated estimated gross platform sales of US$21.4 million since launch. Console versions now ac...
PlaySide to Boost Free Float With Release of Escrowed Shares
Apr 23, 2026
PlaySide Studios has announced that 61,704,639 fully paid ordinary shares will be released from voluntary escrow on 5 May 2026. These shares are already quoted on the ASX and will become freely tradeable from their release, potentially increasing ...
PlaySide’s MOUSE: P.I. For Hire Debut Delivers Strong Sales and Cash Flow Boost
Apr 19, 2026
PlaySide Studios has reported a strong global digital launch for its new title, MOUSE: P.I. For Hire, released simultaneously on Steam, PlayStation 5, Xbox Series X|S and Nintendo Switch 2. Early performance metrics show an estimated 360,000 units...
PlaySide Studios Issues 919,756 Unquoted Performance Rights Under Incentive Scheme
Apr 14, 2026
PlaySide Studios Ltd has notified the market of the issue of 919,756 unquoted performance rights under its employee incentive scheme, effective 13 April 2026. The new securities, designated as PLYAD performance rights, are not intended to be quote...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.