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Playside Studios Ltd
(Sydney:PLY)
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Rating:59Neutral
Price Target:
AU$0.12
▼(-4.17% Downside)
Action:Reiterated
Date:08/21/26
The score is supported primarily by improved FY2026 financial performance (revenue rebound, return to profitability, and positive free cash flow) and a low-leverage balance sheet. This is offset by weak technical positioning (below long-term moving averages with negative MACD) and a history of volatile earnings/cash flows. Valuation is reasonable based on a ~10.6 P/E but lacks dividend support.
Positive Factors
FY2026 revenue and profit rebound
The return to growth and profitability indicates renewed demand for Playside’s games and services. If sustained, higher revenue scale can improve earnings resilience, although the rebound follows a weaker prior year.
Negative Factors
Volatile earnings history
The sharp earnings swings show that results remain dependent on uneven game launches, project timing or portfolio performance. This variability makes sustainable profitability harder to assess and can constrain consistent reinvestment over time.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 revenue and profit rebound
The return to growth and profitability indicates renewed demand for Playside’s games and services. If sustained, higher revenue scale can improve earnings resilience, although the rebound follows a weaker prior year.
Read all positive factors
Playside Studios Ltd (PLY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$59.00M
Dividend YieldN/A
Average Volume (3M)344.12K
Price to Earnings (P/E)10.6
Beta (1Y)2.20
Revenue Growth12.69%
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. Volume361,518
30 Day Avg. Volume344,121
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)1.12
Price to Sales (P/S)1.10
P/FCF Ratio5.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.32Price Target Upside162.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$44.85M
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) revenue generated from its own games and (2) fees earned from providing game development services to third parties.
1) Publishing and operating its own games (first-party titles)
- Game sales: Re...
Playside Studios Ltd Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 54.88M | 48.70M | 64.64M | 38.45M | 29.24M |
| Gross Profit | 47.33M | 48.70M | 64.64M | 38.45M | 29.24M |
| EBITDA | 7.18M | -6.64M | 15.38M | -2.84M | 5.85M |
| Net Income | 5.38M | -12.11M | 11.31M | -6.97M | 4.85M |
Balance Sheet | |||||
| Total Assets | 78.40M | 55.43M | 69.15M | 48.22M | 54.60M |
| Cash, Cash Equivalents and Short-Term Investments | 15.44M | 13.48M | 37.44M | 32.20M | 37.91M |
| Total Debt | 6.23M | 1.17M | 2.04M | 1.68M | 2.10M |
| Total Liabilities | 24.36M | 16.14M | 17.95M | 9.41M | 9.63M |
| Stockholders Equity | 54.04M | 39.29M | 51.19M | 38.81M | 44.97M |
Cash Flow | |||||
| Free Cash Flow | 10.57M | -22.53M | 6.48M | -5.25M | 542.00K |
| Operating Cash Flow | 10.75M | -7.33M | 18.08M | -1.60M | 7.62M |
| Investing Cash Flow | -22.07M | -15.20M | -11.79M | -3.64M | -7.13M |
| Financing Cash Flow | 12.99M | -872.00K | -763.00K | -429.00K | 26.47M |
Playside Studios Ltd Technical Analysis
Negative
0.12
Price Trends
0.11
Positive
0.16
Negative
0.21
Negative
Market Momentum
<0.01
Negative
51.07
Neutral
60.00
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 0.12 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.11, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.07 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 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 |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | AU$59.00M | 10.57 | 9.78% | ― | 12.69% | ― | |
56 Neutral | AU$85.18M | 40.91 | 2.67% | 9.86% | 39.72% | ― | |
53 Neutral | AU$10.65M | -6.67 | -17.92% | ― | 143.65% | 45.45% | |
51 Neutral | AU$8.66M | -1.13 | -40.37% | ― | 7.98% | -54.37% | |
51 Neutral | AU$279.05M | -19.53 | -20.44% | ― | -56.48% | -12.92% | |
50 Neutral | AU$46.43M | -14.57 | -221.94% | ― | 1720.43% | 18.60% |
* Communication Services Sector Average
AU:PLY
Playside Studios Ltd
0.13
-0.08
-39.02%
AU:SHO
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0.05
<0.01
21.43%
AU:SEG
Sports Entertainment Group Limited
0.27
>-0.01
-2.17%
AU:SP8
Emerge Gaming Limited
0.01
0.00
0.00%
AU:5GG
Pentanet Ltd
0.02
-0.01
-35.71%
AU:FTI
Mighty Kingdom Ltd
0.78
0.62
387.50%
Playside Studios Ltd Corporate Events
PlaySide Studios Swings to Profit as Original IP Surges on Record Game Launch
Aug 19, 2026
PlaySide Studios reported revenue of $54.9 million for the year to 30 June 2026, ahead of guidance and up 13% year-on-year, driven by a 108% surge in original IP revenue to $34.7 million. External projects revenue fell 37% to $20.2 million, but th...
PlaySide Studios Files Updated Corporate Governance Statement with ASX
Aug 19, 2026
PlaySide Studios Limited has released its updated corporate governance statement for the financial year ended 30 June 2026, confirming full adherence to key ASX Corporate Governance Council principles. The statement, approved by the board as at 20...
PlaySide corrects ASX filing lapse on employee share scheme
Jul 22, 2026
PlaySide Studios Limited has acknowledged an administrative oversight in failing to lodge required Appendix 2A forms with the ASX when transfer restrictions ceased on shares issued under its $1,000 Tax Exempt Restricted Shares Scheme. The company ...
PlaySide’s MOUSE: P.I. For Hire Hits 1 Million Sales, Fuels Growth Outlook
Jul 13, 2026
PlaySide Studios has reported that its noir-themed title MOUSE: P.I. For Hire has surpassed one million unit sales across all platforms in under three months since its global digital launch. Console editions account for roughly half of total units...
Playside Studios Reports Lapse of Performance Rights, Trimming Potential Dilution
Jun 29, 2026
Playside Studios has notified the market of the cessation of 372,754 performance rights under its equity incentive arrangements, after the conditions attached to these rights were not met or became incapable of being satisfied. The lapse marginall...
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.