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Games Workshop Group PLC (GMWKF)

GB OTC Consumer Cyclical Leisure
Address Willow Road NG7 2WS
Nottingham, GB
CEO Kevin Derek Rountree
IPO 2011-05-23
CIK 2062522 ISIN GB0003718474

Explore sections of this company profile

Also trades on London Stock Exchange · GAW.L (GBp) Other OTC · GMWKF (USD)
Description

Games Workshop Group PLC, operating with its various subsidiaries, is engaged in the development, manufacturing, and international distribution and sale of miniature figures and associated gaming products. The company's business activities are segmented into two core areas: Core and Licensing. It is widely recognized for its prominent game franchises, notably Warhammer: Age of Sigmar and Warhammer 40,000, along with its spin-off, Horus Heresy. Beyond its gaming products, the company's Black Library division publishes diverse literary content, including short stories, audio dramas, full-length novels, and audio books. Games Workshop also ventures into digital media, creating content for animated and television series. Its product range further extends to painting and modelling supplies, boxed game sets, and various gift items, complemented by involvement in newsstand and trustee operations. Distribution of its offerings occurs through a multi-channel network, comprising its own branded retail stores, its official website (warhammer-community.com), and social media platforms. Products are also accessible via traditional bookstores, third-party online vendors, and a wide array of other retail and specialist outlets. The company's global footprint includes 518 retail locations spanning 23 countries, with 400 being single-employee stores and 118 staffed by multiple employees. Games Workshop Group PLC was established in 1991 and is headquartered in Nottingham, United Kingdom.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
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Volume Profile
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Liquidity & share structure
Average Volume
185
Beta
0.94
Float Shares
32.44M
Free Float %
98.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.55% +3.62% +1.30% +12.69% +5.11% +9.40% +27.65% +127.44% +66.47% +3,546.67% +12,923.81%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
273.50
DCF (Unlevered) 238.22 -12.9%
DCF (Levered) 278.59 +1.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
43.88
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Leisure: +7.6%
    +17.5% Q4'25: +34.0% (vs Q4'23)
  • EPS growth Leisure: +13.2%
    +29.7% Q4'25: +47.7% (vs Q4'23)
  • FCF margin FCF growth · Leisure: +30.4%
    +32.8% Q4'25: +37.4% (vs Q4'23)
  • EBIT margin Leisure: +11.0%
    +42.8% Q4'25: +42.6% (vs Q4'23)
  • ROIC Leisure: +6.9%
    +101.9% Q4'25: +214.3% (vs Q4'23)
  • Share dilution Leisure: +0.0%
    +0.2% Q4'25: +0.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Leisure: -0.39×
    0.15× Q4'25: 0.08× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.95) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 238.22 Current price: 272.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric May 2015
actual
May 2016
actual
May 2017
actual
May 2018
actual
May 2019
actual
May 2020
actual
May 2021
actual
May 2022
actual
May 2023
actual
May 2024
actual
May 2025
actual
May 2026
2 Rev. Ana.
1 EPS Ana.
May 2027
4 Rev. Ana.
1 EPS Ana.
May 2028
2 Rev. Ana.
1 EPS Ana.
Revenue
119.13M
est: 182.20M (-34.6%)
118.07M
est: 170.58M (-30.8%)
158.11M
est: 203.58M (-22.3%)
219.87M
est: 288.22M (-23.7%)
256.57M
est: 320.71M (-20.0%)
269.70M
est: 334.30M (-19.3%)
353.20M
est: 510.31M (-30.8%)
414.80M
est: 486.43M (-14.7%)
470.80M
est: 561.23M (-16.1%)
525.70M
est: 513.06M (+2.5%)
617.50M
est: 595.52M (+3.7%)
650.92M
638.01M – 667.03M
+9.3% YoY
689.63M
663.35M – 722.42M
+5.9% YoY
736.65M
722.04M – 754.88M
+6.8% YoY
EBITDA
27.67M
est: 86.63M (-68.1%)
27.34M
est: 81.11M (-66.3%)
48.63M
est: 96.80M (-49.8%)
86.57M
est: 137.04M (-36.8%)
97.20M
est: 152.48M (-36.3%)
115.10M
est: 158.94M (-27.6%)
178.10M
est: 242.63M (-26.6%)
192.10M
est: 231.28M (-16.9%)
211.00M
est: 266.84M (-20.9%)
243.30M
est: 243.94M (-0.3%)
308.10M
est: 283.15M (+8.8%)
309.49M
303.35M – 317.14M
+9.3% YoY
327.89M
315.39M – 343.48M
+5.9% YoY
350.25M
343.30M – 358.92M
+6.8% YoY
EBIT
16.59M
est: 72.53M (-77.1%)
16.95M
est: 67.90M (-75.0%)
38.41M
est: 81.04M (-52.6%)
74.41M
est: 114.73M (-35.1%)
81.30M
est: 127.66M (-36.3%)
90.10M
est: 133.07M (-32.3%)
151.90M
est: 203.13M (-25.2%)
157.30M
est: 193.63M (-18.8%)
171.50M
est: 223.40M (-23.2%)
204.30M
est: 220.56M (-7.4%)
264.20M
est: 256.01M (+3.2%)
279.82M
274.27M – 286.75M
+9.3% YoY
296.47M
285.17M – 310.56M
+5.9% YoY
316.68M
310.40M – 324.52M
+6.8% YoY
Net Income
12.26M
est: 19.16M (-36.0%)
13.50M
est: 18.18M (-25.8%)
30.55M
est: 39.16M (-22.0%)
59.68M
est: 80.59M (-25.9%)
65.82M
est: 82.02M (-19.7%)
71.30M
est: 85.23M (-16.3%)
122.00M
est: 174.70M (-30.2%)
128.40M
est: 157.87M (-18.7%)
134.70M
est: 167.36M (-19.5%)
151.10M
est: 151.96M (-0.6%)
196.10M
est: 180.95M (+8.4%)
194.54M
189.52M – 200.80M
+7.5% YoY
207.01M
201.67M – 213.67M
+6.4% YoY
224.47M
218.68M – 231.69M
+8.4% YoY
SGA
67.21M
est: 58.51M (+14.9%)
69.71M
est: 54.78M (+27.3%)
83.59M
est: 65.38M (+27.9%)
92.38M
est: 92.56M (-0.2%)
103.43M
est: 102.99M (+0.4%)
107.40M
est: 107.36M (+0.0%)
121.50M
est: 163.88M (-25.9%)
130.30M
est: 156.21M (-16.6%)
151.40M
est: 180.23M (-16.0%)
172.70M
est: 164.76M (+4.8%)
183.70M
est: 191.25M (-3.9%)
209.04M
204.89M – 214.21M
+9.3% YoY
221.47M
213.03M – 232.00M
+5.9% YoY
236.57M
231.88M – 242.42M
+6.8% YoY
EPS
0.38
est: 0.58 (-34.5%)
0.42
est: 0.55 (-23.7%)
0.95
est: 1.19 (-19.8%)
1.85
est: 2.44 (-24.2%)
2.03
est: 2.48 (-18.2%)
2.19
est: 2.58 (-15.1%)
3.73
est: 5.29 (-29.5%)
3.91
est: 4.78 (-18.2%)
4.10
est: 5.07 (-19.1%)
4.59
est: 4.60 (-0.2%)
5.95
est: 5.48 (+8.6%)
5.89
5.74 – 6.08
+7.5% YoY
6.27
6.10 – 6.47
+6.4% YoY
6.79
6.62 – 7.01
+8.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-27 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-26 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-22 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-21 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-20 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-19 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-18 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-15 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-14 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-13 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-12 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-11 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-07 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-04 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-01 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-29 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-28 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-27 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-24 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-23 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-22 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-21 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-20 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-17 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
499.94M
OE per share TTM
15.13
Owner's Yield
5.54%
Maintenance CapEx ratio
2.53%
Maint CapEx / Avg PPE
21.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
89.6K
Shares Outstanding
33.04M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Kevin Derek Rountree Chief Executive Officer & Executive Director 3M male
Elizabeth Harrison Group Finance Director & Director 926.1K female
Max Bottrill Operational IP, Design Director & Director male
Neil James Tomlinson Group Operations Director & Director male
Ross Matthews Company Secretary male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits