Playtika Holding Corp. (PLTK) stock analysis
Close on Nov 11, 2026Market cap $976.43MP/E –Yield 15.63%
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
Playtika passes 10 of the 30 checks behind our score; 12 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 2/6
- Past performance
- 0/6
- Financial health
- 2/6
- Dividend
- 3/6
What stands out
Margin of safety over 20%
The price is 80.4% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $2.56 is below our fair value estimate of $13.09.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 21.4% of total debt.
Guidance raised
Playtika raised its full-year 2026 guidance outlook on May 7, 2026.
What to watch
Return on capital under 10%
Return on invested capital was -4.1%, below the 10% that usually covers the cost of capital.
Revenue growing under 10% a year
Revenue grew 1.8% a year over the last three fiscal years, short of the 10% we look for.
Interest not well covered
Operating income covers interest expense -0.5 times; we look for at least 5.
Elevated bankruptcy risk
The Altman Z-score is 0.45; above 3 is the safe zone and below 1.8 the distress zone.
Valuation3/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S below the industry
Playtika's price-to-sales of 0.35 is below the Computer Programming, Data Processing, and Other Computer Related Services median of 2.77 (book value is negative, so we use sales).
Trading below fair value
The share price of $2.56 is below our fair value estimate of $13.09.
Margin of safety over 20%
The price is 80.4% below fair value, more than the 20% cushion we look for.
Growth2/6
Revenue growing under 10% a year
Revenue grew 1.8% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew 3.7% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Guidance raised
Playtika raised its full-year 2026 guidance outlook on May 7, 2026.
Gross margin improving
Gross margin was 73.6% over the last twelve months, against 72.5% a year earlier.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on capital under 10%
Return on invested capital was -4.1%, below the 10% that usually covers the cost of capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin below its 5-year average
Net margin was -9.8% over the last twelve months, against a 5-year average of 6.1%.
Net margin below the industry
Playtika's net margin of -9.8% is below the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Financial health2/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 21.4% of total debt.
Interest not well covered
Operating income covers interest expense -0.5 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 1.14 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is 0.45; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
Playtika paid dividends worth 3.9% of the share price over the last twelve months.
Yield below Treasuries
The 3.9% yield is below the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; Playtika yields 3.9%.
Dividend stability
Fewer than five years of dividend history.
Earnings cover
Needs dividends paid and net income.
Covered by free cash flow
Dividends take 15.7% of free cash flow.
Fair value
How we estimate itOur estimate per share
$13.09
The share price is 80% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/S | 1.9× | 1.1× | 2.8× | $14.43 | 40% |
| Earnings power | 10.5% cost of equity | – | – | $12.19 | 60% |
| Fair value | $13.09 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 13.9
- Computer Programming, Data Processing, and Other Computer Related Services median 27.6
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $3.05M
- Value traded per 1% price move
- $1.28M
Downside
High risk
- Typical loss in a bad month
- 42.0%
- Volatility (annualized)
- 60%
- Sharpe ratio, 1 year
- -0.72
- Beta to the S&P 500 (5Y)
- 1.12
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.1% | +1.8% | +3.0% | – | |
| Gross profit | +7.5% | +2.0% | +3.8% | – | |
| Free cash flow | +18.3% | +7.7% | +2.8% | – | |
| Dividend per share | 0.0% | – | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -6.4% | 76.1% | |
| Return on assets | – | 5.7% | -5.6% | |
| Current ratio | – | 1.18 | 1.10 | |
| Debt to equity | – | -1.86 | -5.81 | |
| Interest coverage | – | 2.0× | -0.0× | |
| Capex to revenue | – | 2.3% | 1.3% | |
| Diluted shares | – | 385M | 376M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Playtika generated $2.62B from operations and spent $487.20M on capital expenditure, dividends and share buybacks. 46% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -7.5% | 0.75× | -13.56× | 76.1% |
| FY2024 | 6.4% | 0.75× | -19.33× | -92.0% |
| FY2023 | 9.2% | 0.87× | -7.43× | -59.5% |
| FY2022 | 10.5% | 0.95× | -5.81× | -58.2% |
| FY2021 | 11.9% | 1.13× | -2.82× | -38.1% |
| FY2020 | 3.9% | 1.46× | -1.14× | -6.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero-$206.40M
- Cash generatingOperating cash flow above zero$567.70M
- Return on assets improvedROA up on the prior year5.1% → -5.7%
- Earnings backed by cashOperating cash flow above net income$567.70M vs -$206.40M
- Less leverageLong-term debt to assets fell65.6% → 63.9%
- Better liquidityCurrent ratio rose1.56 → 1.10
- No dilutionShare count did not rise372M → 376M
- Gross margin improvedGross margin up on the prior year72.85% → 72.47%
- More efficientAsset turnover rose0.80 → 0.76
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