Education
About Us
Working with TipRanks
Follow Us
CD Projekt (OTGLY)
OTHER OTC:OTGLY
Top Page
CD Projekt
(OTC:OTGLY)
79Outperform
CD Projekt (OTGLY) vs. S&P 500 (SPY)
Market Cap
$5.44B
Dividend Yield0.25%
Average Volume (3M)384.00
Price to Earnings (P/E)54.5
Beta (1Y)1.35
Revenue Growth9.24%
EPS Growth10.39%
CountryUS
Employees615
SectorCommunication Services
Sector Strength80
IndustryInteractive Multi-Media
Share Statistics
EPS (TTM)0.27
Shares Outstanding399,642,030
10 Day Avg. Volume0
30 Day Avg. Volume384
Financial Highlights & Ratios
PEG Ratio5.25
Price to Book (P/B)N/A
Price to Sales (P/S)11.57
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
CD Projekt Business Overview & Revenue Model
Company DescriptionCD Projekt (OTGLY) is a renowned video game developer and publisher based in Poland, best known for its critically acclaimed 'The Witcher' series and the open-world role-playing game 'Cyberpunk 2077'. The company operates primarily in the video game industry, offering high-quality, story-driven games that are developed by its in-house studio, CD Projekt Red. In addition to game development, CD Projekt also owns GOG.com, a digital distribution platform for PC games and films, emphasizing DRM-free content.
How the Company Makes MoneyCD Projekt generates revenue primarily through the sale of video games developed by its studio, CD Projekt Red. This includes both initial sales of new game releases and ongoing sales of existing titles. The company benefits from digital distribution channels, including GOG.com, which allows it to reach a global audience while retaining a larger share of sales revenue compared to traditional retail distribution. CD Projekt also earns money through the sale of game-related merchandise and licensing deals. Additionally, the company occasionally partners with other entities for co-development or distribution, which can contribute to its earnings.
CD Projekt Financial Statement Overview
Summary
CD Projekt maintains strong profitability and an impressive balance sheet free of debt, with high gross and net profit margins. Despite a revenue decline of 9.4%, efficient cash flow management and solid financial reserves underscore resilience.Income Statement
CD Projekt shows strong profitability with a TTM gross profit margin of 71.5% and a net profit margin of 39.4%. The revenue growth rate, however, shows a decline of 9.4% from the previous year, indicating some challenges in maintaining revenue growth. Despite this, the company maintains robust margins, with an EBIT margin of 36.7% and an EBITDA margin of 55.7%.82
Very Positive
Balance Sheet
CD Projekt's balance sheet is robust with a debt-to-equity ratio of 0.0, indicating no reliance on debt. The equity ratio stands at a strong 93.3%, showcasing financial stability. However, a slight decrease in stockholders' equity from the previous year may warrant monitoring.95
Very Positive
Cash Flow
The company's cash flow is impressive, with a free cash flow growth rate of 55.8% and an operating cash flow to net income ratio of 1.67. The free cash flow to net income ratio of 0.99 indicates efficient cash flow management, though a slight dip in operating cash flow growth could be a potential concern.88
Very Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.11B | 1.23B | 952.58M | 888.17M | 2.14B | 521.27M | Gross Profit |
| 797.31M | 849.63M | 708.60M | 637.94M | 1.65B | 359.96M | EBIT |
| 408.72M | 469.04M | 377.35M | 232.90M | 1.16B | 180.29M | EBITDA |
| 620.75M | 553.33M | 408.36M | 326.63M | 1.43B | 227.24M | Net Income Common Stockholders |
| 439.24M | 481.11M | 347.09M | 208.91M | 1.15B | 175.31M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 878.98M | 878.98M | 894.67M | 984.35M | 834.15M | 482.30M | Total Assets |
| 2.61B | 2.61B | 2.27B | 2.16B | 2.89B | 1.40B | Total Debt |
| 20.04M | 20.04M | 28.46M | 46.88M | 18.94M | 19.91M | Net Debt |
| -158.02M | -158.02M | -249.37M | -364.70M | -544.40M | -29.50M | Total Liabilities |
| 209.95M | 209.95M | 240.72M | 264.38M | 707.12M | 298.46M | Stockholders Equity |
| 2.40B | 2.40B | 2.03B | 1.89B | 2.19B | 1.11B |
| Cash Flow | Free Cash Flow | ||||
| 436.32M | 280.07M | 149.93M | 784.46M | 490.12M | -39.79M | Operating Cash Flow |
| 734.29M | 610.88M | 406.03M | 967.83M | 711.71M | 216.71M | Investing Cash Flow |
| -798.85M | -607.35M | -335.61M | -613.79M | -106.39M | -164.50M | Financing Cash Flow |
| -103.78M | -103.31M | -204.18M | -505.78M | -91.39M | -107.18M |
CD Projekt Technical Analysis
Neutral
13.60
Price Trends
13.65
Negative
12.24
Positive
11.25
Positive
Market Momentum
0.19
Positive
44.80
Neutral
66.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OTGLY, the sentiment is Neutral. The current price of 13.6 is below the 20-day moving average (MA) of 14.02, below the 50-day MA of 13.65, and above the 200-day MA of 11.25, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 66.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OTGLY.
CD Projekt Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $585.78B | 22.19 | 21.80% | 0.59% | 5.12% | -12.42% | |
79 Outperform | $5.44B | 54.53 | 18.56% | 0.25% | 9.24% | 10.39% | |
76 Outperform | $83.52B | 39.52 | 12.13% | 0.97% | -32.32% | -40.19% | |
74 Outperform | $37.66B | 36.78 | 14.04% | 0.53% | -2.99% | -0.46% | |
62 Neutral | $38.47B | ― | -51.45% | ― | 1.00% | -148.89% | |
59 Neutral | $30.02B | 0.85 | -18.80% | 4.01% | 2.14% | -50.70% |
* Communication Services Sector Average
Performance Comparison
OTGLY
CD Projekt
13.60
6.30
86.30%
EA
Electronic Arts
145.19
13.22
10.02%
TTWO
Take-Two
215.89
67.40
45.39%
NTDOY
Nintendo Co
18.57
5.02
37.05%
TCEHY
Tencent Holdings
65.14
26.62
69.11%
CD Projekt Earnings Call Summary
Earnings Call Date: Mar 25, 2025 | % Change Since: -6.14% | Next Earnings Date: May 28, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive developments in game sales and financial management, but also highlighted challenges in maintaining revenue growth without new releases. Despite a decrease in sales revenue, the company showed resilience with increased net profit and profitability. The overall focus on future projects and expansions to new platforms suggests optimism for upcoming quarters.Highlights
Cyberpunk 2077 Sales Milestone
Cyberpunk 2077 has reached over 30 million copies sold, demonstrating strong ongoing demand and community interest in the franchise.
Phantom Liberty Expansion Success
The Cyberpunk 2077 expansion, Phantom Liberty, sold over 8 million copies, highlighting the quality and enduring appeal of the franchise.
Mac Platform Expansion
Cyberpunk 2077 Ultimate Edition will be released natively on Macs with Apple silicon, expanding the game's availability to more platforms.
Witcher Franchise Development
Project Polaris reached a key milestone by completing preproduction, with the project now moving to the production phase.
Net Profit Increase
Net profit for Q3 2024 was PLN 78 million, which is 12% more than in Q2 2024.
Efficiency Maintained
Net profitability reached 38%, slightly higher than the previous year, indicating efficient business operations despite challenges.
Financial Reserves Growth
CD Projekt's financial reserves increased by PLN 36 million, reaching PLN 1.4 billion by the end of September 2024.
Lowlights
Revenue Decline
Q3 2024 sales revenues were nearly PLN 228 million, approximately half of the revenues from the same period in the previous year, primarily due to the lack of new launches.
Increased Administrative Expenses
Administrative expenses increased due to early phase work on new projects, reaching over PLN 22 million.
Research Costs Impact
Research activities burdened the income statement by PLN 61 million more than in the comparative period.
Company Guidance
During the Q3 2024 earnings call for CD Projekt Group, key performance metrics and guidance were highlighted, reflecting both ongoing successes and strategic plans. Cyberpunk 2077 sales surpassed 30 million copies, while the Phantom Liberty expansion achieved 8 million sales. Financially, the group's sales revenue reached nearly PLN 228 million, with a net profit of PLN 78 million for the quarter. Despite the absence of new launches, the Witcher franchise saw a 44% revenue increase year-over-year. The company is optimizing operations, as seen by the reduction in development team size from 410 to 400, while maintaining a focus on Project Polaris. Furthermore, strategic investments in research and development totaled PLN 68.5 million, underscoring CD Projekt's commitment to future projects, such as Orion and collaborations like the new Cyberpunk animation with Netflix. Looking ahead, the company anticipates continued growth, supported by strategic initiatives and the upcoming Cyberpunk 2077 ultimate edition for Apple silicon devices.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.