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everplay Group
(LSE:EVPL)
Select Model
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Rating:79Outperform
Price Target:
520.00 p
▲(95.12% Upside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by strong financial quality (minimal debt and reliable cash generation) and a positive outlook from the latest earnings call (upgraded FY2026 expectations and strong second-half trading). Technicals are supportive due to strong trend momentum, but overbought indicators add near-term risk. Valuation is the main constraint, with a high P/E and a low dividend yield.
Positive Factors
Conservative balance sheet
Minimal leverage and a substantially larger equity base give everplay financial flexibility to fund development, pursue selective acquisitions, and withstand weaker release periods. This reduces balance-sheet risk and supports investment in the portfolio over the next several quarters.
Negative Factors
Moderating revenue momentum
The long-term revenue expansion has recently lost momentum, with the latest year showing a slight decline after a flat period. A slower top line could limit operating leverage and make future earnings more dependent on successful releases and pipeline execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal leverage and a substantially larger equity base give everplay financial flexibility to fund development, pursue selective acquisitions, and withstand weaker release periods. This reduces balance-sheet risk and supports investment in the portfolio over the next several quarters.
Read all positive factors
everplay Group (EVPL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£607.31M
Dividend Yield0.71%
Average Volume (3M)1.31M
Price to Earnings (P/E)36.3
Beta (1Y)0.64
Revenue Growth1.40%
EPS Growth-26.55%
CountryUK
Employees397
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.12
Shares Outstanding145,848,680
10 Day Avg. Volume939,528
30 Day Avg. Volume1,314,908
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)1.65
Price to Sales (P/S)2.90
P/FCF Ratio10.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£537.00Price Target Upside101.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.34
Revenue Forecast (FY)£222.58M
everplay Group Business Overview & Revenue Model
Company Description
Everplay Group Plc, through its subsidiaries, focuses on the creation and distribution of independent video games for both digital and physical markets, catering to audiences in the United Kingdom and worldwide. The company's operations are divide...
everplay Group Earnings Call Summary
Earnings Call Date:Sep 15, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 31, 2027
Earnings Call Sentiment Positive
Positive overall. The first half contained revenue, EBITDA, gross-profit and margin declines, underperforming astragon releases, and launch issues; however, these were explicitly linked to the planned phasing of major releases and difficult comparisons. The call was dominated by strong second-half trading, record performances from Hell Let Loose: Vietnam and Wardogs, a 10% broker upgrade to adjusted EBITDA guidance, strong StoryToys growth, resilient catalog performance, a substantial pipeline and a solid cash position.Positive Updates
Material Upgrade to Full-Year Expectations
Following a strong start to second-half trading, management expects 2026 revenue and adjusted EBITDA to be materially ahead of current market expectations. Brokers raised adjusted EBITDA guidance by 10%, with a similar increase expected for revenue, and management said it was confident in achieving the revised numbers.
Negative Updates
First-Half Revenue Decline and Delayed Major Launch
Group revenue decreased 8% to GBP 66.9 million in H1 2026, or 5% on an underlying basis excluding the exit from astragon physical distribution. There were no large launches during the half, and the delay of Hell Let Loose: Vietnam from June to August reduced new-release revenue and contributed to the significant second-half weighting.
Read all updates
Q2-2026 Updates
Positive
Negative
Material Upgrade to Full-Year Expectations
Following a strong start to second-half trading, management expects 2026 revenue and adjusted EBITDA to be materially ahead of current market expectations. Brokers raised adjusted EBITDA guidance by 10%, with a similar increase expected for revenue, and management said it was confident in achieving the revised numbers.
Read all positive updates
Company Guidance
For full year 2026, the company expects revenues and adjusted EBITDA to be materially ahead of current market expectations, with brokers having raised guidance by 10% on adjusted EBITDA and “a similar sort of value” for revenue top line; it expects strong double-digit growth in the second half, adjusted EBITDA margin to be broadly in line with FY 2025, a significant improvement in gross margin in H2 2026, full-year gross margin within the recent historical range, and capitalized development expenditure in the range of GBP 35 million to GBP 40 million. Adjusted EBITDA is expected to show very strong double-digit growth in H2, with margins returning to broadly FY 2025 levels; smaller titles are expected in the final quarter but will be relatively small to overall revenue contribution, the underlying business is expected to deliver definite growth in 2027, and full-year cash is expected to beat guidance unless the group utilizes cash by signing a new M&A deal.everplay Group Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 160.55M | 166.00M | 166.62M | 159.13M | 142.28M | 90.51M |
| Gross Profit | 49.01M | 60.36M | 74.12M | 69.64M | 69.62M | 45.52M |
| EBITDA | 57.88M | 64.41M | 61.22M | 55.90M | 54.69M | 38.61M |
| Net Income | 16.03M | 27.24M | 20.19M | -3.75M | 23.48M | 23.74M |
Balance Sheet | ||||||
| Total Assets | 322.47M | 332.91M | 310.65M | 297.66M | 327.73M | 158.63M |
| Cash, Cash Equivalents and Short-Term Investments | 57.09M | 51.87M | 62.88M | 42.82M | 50.83M | 55.30M |
| Total Debt | 1.82M | 2.10M | 2.92M | 3.57M | 2.99M | 2.34M |
| Total Liabilities | 35.83M | 41.96M | 48.08M | 50.88M | 75.27M | 31.00M |
| Stockholders Equity | 286.64M | 290.95M | 262.57M | 246.78M | 252.46M | 127.64M |
Cash Flow | ||||||
| Free Cash Flow | 49.99M | 44.17M | 50.95M | 40.91M | 48.70M | 30.42M |
| Operating Cash Flow | 50.29M | 44.63M | 51.27M | 41.38M | 49.43M | 30.99M |
| Investing Cash Flow | -42.94M | -49.50M | -30.14M | -49.41M | -127.94M | -37.02M |
| Financing Cash Flow | -9.52M | -6.21M | -771.00K | -635.00K | 73.71M | -408.00K |
everplay Group Technical Analysis
Positive
266.50
Price Trends
319.45
Positive
280.46
Positive
282.41
Positive
Market Momentum
28.57
Positive
63.59
Neutral
13.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EVPL, the sentiment is Positive. The current price of 266.5 is below the 20-day moving average (MA) of 416.92, below the 50-day MA of 319.45, and below the 200-day MA of 282.41, indicating a bullish trend. The MACD of 28.57 indicates Positive momentum. The RSI at 63.59 is Neutral, neither overbought nor oversold. The STOCH value of 13.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:EVPL.
everplay Group Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £210.14M | 8.07 | 27.12% | 2.33% | 15.67% | 75.96% | |
79 Outperform | £607.31M | 36.34 | 5.55% | 0.71% | 1.40% | -26.55% | |
76 Outperform | £81.72M | 15.45 | 15.29% | ― | >-0.01% | -27.70% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | £42.28M | -11.20 | -13.75% | ― | 13.15% | 57.21% | |
50 Neutral | £4.22M | -5.00 | -200.26% | ― | -39.71% | 33.33% |
* Communication Services Sector Average
GB:EVPL
everplay Group
421.50
41.08
10.80%
GB:FDEV
Frontier Developments
605.00
172.20
39.79%
GB:GMR
Gaming Realms
30.60
-14.50
-32.15%
GB:GFIN
Gfinity
0.05
-0.01
-19.35%
GB:TBLD
tinyBuild Inc.
10.75
3.00
38.71%
everplay Group Corporate Events
Business Operations and StrategyFinancial Disclosures
Everplay lifts 2026 outlook as flagship games beat expectations
Positive
Sep 30, 2026
Everplay Group reported that trading since its interim results has remained very strong, with flagship titles Wardogs and Hell Let Loose: Vietnam performing ahead of expectations and back catalogue sales holding up well. Hell Let Loose: Vietnam ha...
Business Operations and StrategyExecutive/Board Changes
Everplay grants share options to non-executive directors under fee-linked plan
Positive
Sep 24, 2026
Everplay Group has awarded new share options to its non-executive directors under its Non-Executive Director Share Option Plan, which links annual option grants to the value of directors’ base fees. The latest awards include 14,547 options f...
Other
Everplay Director Debbie Bestwick Gifts Shares to Child-Focused Charity
Positive
Sep 17, 2026
Everplay Group plc has disclosed that non-executive director Debbie Bestwick has gifted 791,557 ordinary shares in the company to Active Respite, a UK charity she founded and funds that supports children and families in need. The donation undersco...
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial Disclosures
Everplay Builds Second-Half Momentum as New Games Drive Upgraded 2026 Outlook
Positive
Sep 15, 2026
Everplay reported an 8% year-on-year decline in first-half 2026 revenue to £66.9 million and a sharp fall in adjusted EBITDA, reflecting the absence of major new releases and increased investment ahead of a heavy second-half launch slate. Des...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Everplay Partner’s Wardogs Sells Over One Million Copies on Launch
Positive
Sep 11, 2026
Everplay Group said its strategic partner Bulkhead has achieved a major commercial milestone with Wardogs, a 100‑player tactical first‑person shooter developed by Bulkhead and published by Team17. The title sold more than one million c...
Business Operations and StrategyFinancial Disclosures
Everplay to Unveil Interim Results with Dual Investor Webcasts
Positive
Aug 12, 2026
Everplay Group plc, formerly Team17 Group plc, is a leading global independent developer and publisher of premium video games and children’s edutainment apps. Its three divisions comprise Team17, which focuses on indie titles such as Hell Le...
Business Operations and StrategyFinancial Disclosures
Everplay Reaffirms 2026 Outlook as Major Game Launches Shift to Second Half
Positive
Jul 28, 2026
Everplay reported that trading in the first half of 2026 was in line with the board’s expectations, supported by new releases, resilient performance from key franchises and solid back catalogue sales, including a strong showing in summer pro...
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.