CD Projekt SA AI Stock Analysis
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CD Projekt SA (CDR) AI Stock Analysis
CD Projekt SA
(Warsaw:CDR)
The strongest contributor to the score is the company’s outstanding financial quality, especially in margins, low leverage, and efficient cash conversion. However, recent declines in revenue and cash flow, combined with an elevated valuation and lack of technical momentum data, weigh on the overall rating. Investors should note that high profitability provides a solid base but near-term growth uncertainty and a premium price-to-earnings ratio present risks. In the absence of technical and earnings call data, further clarity on market sentiment and future guidance is unavailable.
CD Projekt SA (CDR) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- PLN 6.32B
- Dividend Yield
- 0.36%
- Average Volume (3M)
- 334.87K
- Price to Earnings (P/E)
- 44.1
- Beta (1Y)
- 0.66
- Revenue Growth
- -14.35%
- EPS Growth
- 36.44%
- Country
- PL
- Employees
- 808
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Electronic Gaming & Multimedia
CD Projekt SA Business Overview & Revenue Model
Company Description
CD Projekt S.A., alongside its affiliated companies, operates as a global entity specializing in the creation, publication, and digital distribution of video games for both personal computers and consoles. The company organizes its operations into tw...
How the Company Makes Money
CD Projekt generates revenue primarily through the sale of its video games, both physical and digital. The company benefits from a robust pricing strategy, including standard editions, special editions, and downloadable content (DLC) expansions that...
CD Projekt SA Earnings Call Summary
The call was strongly positive overall, with record franchise sales, strong player engagement, favorable Gamescom reception, 23% revenue growth, 28% gross profit growth, 37% net profit growth, substantial liquidity and a growing release pipeline. The main negatives were the 6% increase in operating costs, development-related cash outflows, the 14% of the first incentive target still outstanding, and management's expectation that the second incentive program target will most likely not be met. Highlights significantly outweighed lowlights.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The company said it is launching The Witcher 3: Wild Hunt Remastered on September 29, 2026, launching Songs of the Past in 2027 with a scope comparable to Blood and Wine, and has a target release window in 2028 for The Witcher 4; it described these as three subsequent years, three major releases. The first tranche of incentive program B requires PLN 2 billion in cumulative net profit from continuing operations over 4 years, with 86% completed and 14% or approximately PLN 273 million remaining over the remaining two quarters, while the company remains optimistic about achieving the third and fourth targets of PLN 4 billion and PLN 5 billion in subsequent 4-year periods. Hadar is expected to grow from over 30 people to up to 50 developers by the end of this year, while the company said it is not guiding on development expenditures, Remastered revenue, pricing, specific attachment-rate expectations, or second-half licensing revenues.
CD Projekt SA Financial Statement Overview
Summary
CD Projekt SA demonstrates industry-leading profitability and exceptionally high margins alongside very low leverage and strong solvency. However, recent annual revenue and cash flow contraction introduce near-term growth volatility and strategic uncertainty, limiting the upside for the financial performance score.
Income Statement
75PositiveBalance Sheet
80PositiveCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 859.26M | 866.99M | 985.03M | 1.23B | 952.58M | 888.17M |
| Gross Profit | 839.45M | 777.32M | 737.88M | 849.63M | 708.60M | 637.94M |
| EBITDA | 559.60M | 529.51M | 553.95M | 786.99M | 514.32M | 326.63M |
| Net Income | 621.00M | 526.83M | 469.87M | 481.11M | 347.09M | 208.91M |
Balance Sheet | ||||||
| Total Assets | 3.79B | 3.50B | 3.04B | 2.61B | 2.27B | 2.16B |
| Cash, Cash Equivalents and Short-Term Investments | 441.54M | 634.93M | 1.19B | 878.98M | 894.67M | 984.35M |
| Total Debt | 46.11M | 26.04M | 20.15M | 20.04M | 28.46M | 46.88M |
| Total Liabilities | 226.97M | 213.46M | 241.76M | 209.95M | 240.72M | 264.38M |
| Stockholders Equity | 3.56B | 3.29B | 2.80B | 2.40B | 2.03B | 1.89B |
Cash Flow | ||||||
| Free Cash Flow | 383.04M | 538.40M | 423.37M | 280.07M | 149.93M | 784.46M |
| Operating Cash Flow | 619.73M | 637.92M | 521.30M | 610.88M | 406.03M | 967.83M |
| Investing Cash Flow | -607.28M | -522.25M | -470.55M | -607.35M | -335.61M | -613.79M |
| Financing Cash Flow | -127.47M | -126.44M | -103.92M | -103.31M | -204.18M | -505.78M |
CD Projekt SA Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:CDR, the sentiment is Positive. The current price of 274.50 is above the 20-day moving average (MA) of 265.61, above the 50-day MA of 253.57, and above the 200-day MA of 247.78, indicating a bullish trend. The MACD of 3.30 indicates Positive momentum. The RSI at 62.69 is Neutral, neither overbought nor oversold. The STOCH value of 87.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PL:CDR.
CD Projekt SA Peers Comparison
Overall Rating
PL:CRJ67Neutral- PL:CDR63Neutral
PL:BLO53Neutral
PL:11B51Neutral
PL:PCF44Neutral
PL:CIG41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| PL:CRJ | 67Neutral | PLN 259.95M | 5.78 | 34.87% | 11.54% | 125.72% | 141.73% |
| PL:CDR | 63Neutral | PLN 27.43B | 44.13 | 18.64% | 0.36% | -14.35% | 36.44% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| PL:BLO | 53Neutral | PLN 408.30M | 11.31 | 21.05% | ― | 81.45% | 124.77% |
| PL:11B | 51Neutral | PLN 273.87M | -108.94 | -1.05% | ― | -22.85% | -115.99% |
| PL:PCF | 44Neutral | PLN 144.71M | -1.02 | -94.10% | ― | -23.45% | 31.57% |
| PL:CIG | 41Neutral | PLN 536.12M | 322.37 | 0.91% | ― | 11.14% | 985.71% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| PL:CDR | CD Projekt SA | 274.50 | 37.10 | 15.63% | |
| PL:11B | 11 Bit Studios SA | 113.30 | -54.10 | -32.32% | |
| PL:BLO | Bloober Team spolka akcyjna | 21.15 | -4.15 | -16.40% | |
| PL:CRJ | Creepy Jar SA | 362.00 | -31.05 | -7.90% | |
| PL:PCF | PCF Group SA | 3.14 | -0.57 | -15.36% | |
| PL:CIG | CI Games S.A. | 2.45 | -0.55 | -18.33% |
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: Sep 16, 2025