CD Projekt SA
WSE:CDR
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| 52 Week Range |
200.6
280.8
|
| Price Target |
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (23.9), the stock would be worth zł122.72 (55% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 52.5 | zł270 |
0%
|
| 3-Year Average | 23.9 | zł122.72 |
-55%
|
| 5-Year Average | 21.4 | zł109.79 |
-59%
|
| Industry Average | 6 | zł30.76 |
-89%
|
| Country Average | 8.6 | zł44.01 |
-84%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
zł25.8B
|
/ |
Jul 2025
zł492.5m
|
= |
|
|
zł25.8B
|
/ |
Dec 2025
zł510m
|
= |
|
|
zł25.8B
|
/ |
Dec 2026
zł358.5m
|
= |
|
|
zł25.8B
|
/ |
Dec 2027
zł2.2B
|
= |
|
|
zł25.8B
|
/ |
Dec 2028
zł2B
|
= |
|
Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| PL |
C
|
CD Projekt SA
WSE:CDR
|
27B PLN | 52.5 | 59.4 | |
| CN |
|
Blue Hat Interactive Entertainment Technology
F:4Y80
|
175.2m EUR | -35.9 | -27 664 920.5 | |
| CN |
|
NetEase Inc
NASDAQ:NTES
|
86.2B USD | 84.9 | 16.5 | |
| US |
A
|
Activision Blizzard Inc
LSE:0H8X
|
74.1B USD | 24.6 | 34.2 | |
| SG |
|
Sea Ltd
NYSE:SE
|
71.8B USD | 39.5 | 50.6 | |
| JP |
|
Nintendo Co Ltd
TSE:7974
|
11.6T JPY | 29.3 | 32.1 | |
| US |
|
Roblox Corp
NYSE:RBLX
|
52.5B USD | -56 | -54.2 | |
| US |
|
Electronic Arts Inc
NASDAQ:EA
|
50.9B USD | 32.7 | 57.5 | |
| US |
|
Take-Two Interactive Software Inc
NASDAQ:TTWO
|
44.4B USD | 51.7 | -11.1 | |
| CN |
Z
|
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
|
150.5B CNY | 25.1 | 40 | |
| JP |
N
|
Nexon Co Ltd
TSE:3659
|
3.4T JPY | 21.2 | 30.1 |
Market Distribution
| Min | 0.3 |
| 30th Percentile | 5.4 |
| Median | 8.6 |
| 70th Percentile | 14.8 |
| Max | 1 215.6 |
Other Multiples
CD Projekt SA
Glance View
CD Projekt SA, a name that resonates wildly in the gaming industry, began its journey in 1994 as a Polish video game distributor. Over time, it transformed into an influential game developer and publisher, standing out prominently with its world-renowned title, "The Witcher" series. This success catapulted CD Projekt into the global spotlight, underpinned by a narrative-driven, open-world approach that garnered acclaim for both story depth and gameplay. The company thrives on its ability to craft rich, immersive worlds that captivate players worldwide, continuously raising the bar for quality in an industry where storytelling and technical prowess are paramount. The business model of CD Projekt is multifaceted, broadly encompassing game development, publishing, and distribution through its digital platform GOG.com. The bulk of its revenue originates from game sales, particularly high-profile releases like its latest endeavor, "Cyberpunk 2077". While "Cyberpunk 2077" faced initial turbulence post-launch due to various bugs and performance issues, the company has shown resilience, focusing on post-launch fixes and updates. Beyond direct game sales, CD Projekt also capitalizes on secondary channels such as merchandise, game expansions, and adaptations of its popular intellectual properties into other media forms, breeding a robust ecosystem around its flagship titles. Through GOG.com, CD Projekt offers a digital storefront that hosts a plethora of third-party games, promoting a gamer-friendly, DRM-free environment, which further diversifies its revenue streams and sustains its growth trajectory.
