Keywords Studios (KWS)

Business description

Keywords Studios provides localisation, testing, artwork, community support and now engineering services exclusively to the video games industry. It provides services to 20 of the top 25 games developers and is leading consolidation of this fragmented industry.

Stock data

Market cap.£633.9m
Last close1,133.00p
High / Low (52 weeks)1190.0p / 337.5p
Stock market listingLN
Forecast net cash (€m)14.2
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual47.137.9221.9
Relative *45.639.2196.1

* % Relative to local index

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Company news

Keywords Studios PLC (KWS) Stock Rating Upgraded by Numis Securities Ltd

Wed, 16 Aug 2017 15:33:45 GMT

Keywords Studios acquires clutch of French computer games service suppliers

Fri, 04 Aug 2017 07:22:06 GMT

Keywords Studios crashes through £10 as revenues surge

Thu, 27 Jul 2017 14:50:47 GMT

Founders cut their stake in Keywords Studios

Wed, 24 May 2017 07:40:56 GMT

Global game plan propels Keywords Studios to next level

Fri, 05 Feb 2016 14:01:23 GMT

Investment summary

The acquisition of four French companies gives Keywords Studios strong capabilities across all major European languages for localisation and voice-over recording. The transactions boost our FY18 EPS by 5%, although some investment in integrating the entities will be required. The expanded offering should also support organic growth, through helping secure more centrally procured, multi-language contacts.

Last updated on 09/08/2017

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 58.0 9.5 8.0 12.6 99.0 126.0
2016A 96.6 16.9 14.9 20.3 61.4 40.6
2017E 132.1 22.7 20.2 28.1 44.4 30.0
2018E 148.9 25.8 23.1 32.0 39.0 27.9

Last updated on 28/07/2017

Latest video

Executive Interview - Keywords Studios

Industry outlook

Growth is supported by a generally buoyant environment in the global games development industry; market analyst Newzoo estimates the industry grew 8.5% in 2016 and will expand at an annual rate of 6.6% through to 2019. Industry consolidation is ongoing and there is a continued trend to technical outsourcing as publishers seek to improve flexibility and efficiency. Both trends should benefit Keywords.

Last updated on 03/07/2017

Key management

Ross Graham, Chairman
Andrew Day, CEO
David Broderick, FD

Company address

South County Business Park
Dublin 18
Ireland
+353 1 902 2730
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