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Games Workshop (GAW) AI Stock Analysis
Games Workshop
(LSE:GAW)
The score is driven primarily by outstanding financial performance (high and resilient profitability, low leverage, and strong operating cash generation), tempered by weakening momentum signals (price below major moving averages with negative MACD and low RSI/Stoch) and a valuation that remains somewhat demanding despite a supportive ~3.1% dividend yield.
Games Workshop (GAW) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 5.21B
- Dividend Yield
- 3.16%
- Average Volume (3M)
- 93.84K
- Price to Earnings (P/E)
- 25.3
- Beta (1Y)
- 0.79
- Revenue Growth
- 6.83%
- EPS Growth
- 4.89%
- Country
- UK
- Employees
- 3,321
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Leisure
Games Workshop Business Overview & Revenue Model
Company Description
Games Workshop Group PLC, established in Nottingham, UK in 1991, operates as a multinational company specializing in the creation, production, and worldwide distribution of miniature wargames and figures. Its operations are divided into two main segm...
How the Company Makes Money
Games Workshop primarily makes money by monetizing its Warhammer intellectual property through the sale of physical hobby products and, to a smaller extent, licensing and digital content. The core revenue model is product-driven: (1) Miniatures and h...
Games Workshop Financial Statement Overview
Summary
Very strong multi-year profitability and solid balance-sheet conservatism support a high score: revenue expanded materially from 2021–2026 with exceptional margins, low leverage (debt-to-equity ~0.16–0.24), and strong operating cash flow growth. The key risk tempering the score is the sharp slowdown in revenue growth in 2026 (~1.5%) alongside softer/volatile free cash flow growth.
Income Statement
92Very PositiveBalance Sheet
88Very PositiveCash Flow
84Very Positive| Breakdown | TTM | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 659.70M | 659.70M | 617.50M | 525.70M | 470.80M | 414.80M |
| Gross Profit | 478.40M | 478.40M | 445.00M | 374.50M | 319.80M | 282.70M |
| EBITDA | 322.70M | 324.00M | 308.10M | 243.30M | 211.00M | 192.90M |
| Net Income | 206.00M | 206.00M | 196.10M | 151.10M | 134.70M | 128.40M |
Balance Sheet | ||||||
| Total Assets | 466.60M | 466.60M | 383.00M | 351.30M | 326.80M | 321.10M |
| Cash, Cash Equivalents and Short-Term Investments | 182.90M | 182.90M | 132.60M | 107.60M | 90.20M | 71.40M |
| Total Debt | 56.00M | 56.00M | 45.20M | 47.20M | 49.90M | 48.90M |
| Total Liabilities | 131.30M | 131.30M | 102.20M | 99.90M | 91.70M | 86.40M |
| Stockholders Equity | 335.30M | 335.30M | 280.80M | 251.40M | 235.10M | 234.70M |
Cash Flow | ||||||
| Free Cash Flow | 237.00M | 218.30M | 206.50M | 163.60M | 165.60M | 89.40M |
| Operating Cash Flow | 269.00M | 267.70M | 247.40M | 196.20M | 193.90M | 121.70M |
| Investing Cash Flow | -49.40M | -46.90M | -38.00M | -30.10M | -28.30M | -32.30M |
| Financing Cash Flow | -170.60M | -170.60M | -183.30M | -148.50M | -146.60M | -103.60M |
Games Workshop Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GAW, the sentiment is Negative. The current price of 15950.00 is below the 20-day moving average (MA) of 16448.68, below the 50-day MA of 17284.18, and below the 200-day MA of 18253.01, indicating a bearish trend. The MACD of -381.52 indicates Positive momentum. The RSI at 33.07 is Neutral, neither overbought nor oversold. The STOCH value of 16.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:GAW.
Games Workshop Peers Comparison
Overall Rating
- GB:GAW71Outperform
GB:CURY71Outperform
GB:CCT64Neutral
GB:WRKS56Neutral
GB:GFIN50Neutral
GB:SMWH42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:GAW | 71Outperform | GBP 5.21B | 25.31 | 62.95% | 3.16% | 6.83% | 4.89% |
| GB:CURY | 71Outperform | GBP 1.46B | 9.28 | 7.10% | 2.09% | 6.29% | 55.06% |
| GB:CCT | 64Neutral | GBP 52.67M | -33.89 | -5.25% | 2.30% | -19.44% | -132.34% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| GB:WRKS | 56Neutral | GBP 61.12M | 52.58 | 9.46% | ― | -6.13% | -82.79% |
| GB:GFIN | 50Neutral | GBP 4.18M | -4.95 | -200.26% | ― | -39.71% | 33.33% |
| GB:SMWH | 42Neutral | GBP 642.36M | -4.19 | -90.46% | 4.05% | -30.52% | -2064.92% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:GAW | Games Workshop | 15770.00 | -46.08 | -0.29% | |
| GB:CCT | Character Group plc | 305.00 | 32.24 | 11.82% | |
| GB:GFIN | Gfinity plc | 0.05 | -0.02 | -24.62% | |
| GB:SMWH | WH Smith | 427.20 | -222.05 | -34.20% | |
| GB:CURY | Currys Plc | 143.80 | 14.56 | 11.27% | |
| GB:WRKS | TheWorks.co.uk plc | 97.80 | 53.80 | 122.27% |
Games Workshop Corporate Events
Games Workshop Chair Mark Lam Adds to Shareholding with Small Purchase
PositiveGames Workshop Group PLC has disclosed that its chair and non‑executive director, Mark Lam, purchased 120 ordinary shares in the company on 21 October 2026 at £168.91 per share on the London Stock Exchange’s main market. Following th...
Games Workshop Director Kheraj Buys Shares in the Company
PositiveGames Workshop reported that non-executive director Nilufer Kheraj acquired 143 ordinary shares in the company on 15 October 2026 at a price of £171.10 per share. The purchase was executed on the London Stock Exchange’s Main Market and con...
Games Workshop Confirms Share Capital and Voting Rights
NeutralGames Workshop has confirmed that, as of 1 October 2026, it has 33,045,370 issued ordinary shares of 5 pence each admitted to trading, with every share carrying one vote at general meetings. The company holds no shares in treasury, meaning the entire...
Games Workshop Admits Additional Shares to London Market Under Employee Scheme
NeutralGames Workshop Group PLC has admitted a small tranche of 529 additional ordinary shares of 5 pence each to trading on the Main Market of the London Stock Exchange. These new shares, fully fungible with existing stock, bring the total number of securi...
Games Workshop Expands Block Admission for Employee Sharesave Plan
PositiveGames Workshop Group PLC has applied for the admission of 15,000 new ordinary shares of 5p each to trading on the Main Market of the London Stock Exchange. The new shares will rank pari passu with existing stock, reinforcing the liquidity and fungibi...
Games Workshop Shareholders Back All Resolutions at 2026 AGM
PositiveGames Workshop Group PLC reported that all resolutions proposed at its 2026 annual general meeting were duly passed, with around 72% of the issued share capital voted. Shareholders approved the annual accounts, re-elected the existing directors and e...
Games Workshop Lifts 2026/27 Dividend as Trading Meets Expectations
PositiveGames Workshop, the maker of Warhammer, reported that trading up to 30 August 2026 is in line with the Board’s expectations for the current financial year, suggesting stable operational performance. The update indicates no negative surprises in...
Games Workshop Confirms Total Voting Rights and Share Capital Structure
NeutralGames Workshop Group PLC has confirmed that, as of 2 September 2026, it has 33,045,190 issued ordinary shares of 5 pence each admitted to trading, with each share carrying one vote at general meetings and no shares held in treasury. This clarificatio...
Games Workshop Directors Boost Shareholdings Through Bonus Plan
PositiveGames Workshop has disclosed a series of director share purchases made in line with its Annual Bonus Award scheme, signalling further alignment between senior management and shareholders. Chief executive Kevin Rountree acquired 2,034 shares on 3 Augu...
Games Workshop Confirms Total Voting Rights and Share Capital in Issue
NeutralGames Workshop Group PLC has confirmed that it currently has 33,044,841 issued ordinary shares of 5 pence each admitted to trading, with each share carrying one vote at general meetings. The company also stated that it does not hold any ordinary shar...
Games Workshop Discloses New External Directorship for Board Member
NeutralGames Workshop has disclosed that independent non-executive director Randal Casson has taken on an additional board role as an independent non-executive director at Future PLC, a media company listed on the London Stock Exchange’s Main Market....
Games Workshop Adds Employee Scheme Shares to London Listing
NeutralGames Workshop has admitted a further 200 ordinary shares of 5p each to trading on the Main Market of the London Stock Exchange, bringing the total number of shares in issue to 33,044,841 as of 31 July 2026. The newly admitted shares are fully fungib...
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.
Date of analysis: Oct 29, 2026