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CI Games SE (CIG) Fair Value & Analysis

Communication Services · PL · Market cap 665M PLN

CG CI Games SE CIG · WAR
Price2.52 PLN
Fair Value0.3400 PLN
Upside-86.5%
Quality93/100
Evidence: Medium Range 0.2600 PLN – 0.4300 PLN

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 5 days ago

Share price −23.3% over the past month.

Price vs Fair Value (12 months)

3.80 PLN 2.44 PLN Fair Value 0.3400 PLN Jun 2025 Jun 2026

12‑month range 2.44 PLN – 3.80 PLN · fair‑value band 0.2600 PLN – 0.4300 PLN · the 2.52 PLN price screens above the 0.3400 PLN fair value. As of Jun 24, 2026.

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Analysis

CI Games SE (CIG) currently trades at 2.52 PLN, while our model-based Fair Value estimate is 0.3400 PLN — implying the stock looks roughly 86.5% overvalued today. We read business quality at 93/100 (high quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, CI Games SE generated revenue of 73.8M PLN at a net margin of 4.6%. Revenue grew 84.1% year over year. It earns a return on equity of 3.3%. Net debt stands at 49.9M PLN. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 73.8M PLN
Revenue growth (YoY) +84.1%
Net margin 4.6%
Return on equity 3.3%
Free cash flow −40.3M PLN FY2025
P/E ratio 304.0
More key figures
Operating margin 6.3%
EPS (TTM) 0.0100 PLN
EPS growth (YoY) +341%
Net debt 49.9M PLN FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

CI Games SE, together with its subsidiaries, engages in the production, publishing, and distribution of video games in Poland and internationally. The company offers Lords of the Fallen, Project 3, and Sniper Ghost Warrior game products. It distributes its own game titles and sells licenses to various platforms, including PlayStation, Xbox, and PC consoles. The company was founded in 2002 and is based in Warsaw, Poland.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CI Games SE reported revenue of 73.8M PLN in FY2025 versus 106M PLN in FY2021, a compound −8.6%/yr. Reported net income was 3.4M PLN in FY2025, compounding −45.4%/yr from FY2021.

Revenue −8.6%/yr
FY21 106M PLN
FY22 56.7M PLN
FY23 245M PLN
FY24 80.8M PLN
FY25 73.8M PLN
Net income −45.4%/yr
FY21 38.3M PLN
FY22 8.2M PLN
FY23 13.0M PLN
FY24 −6.9M PLN
FY25 3.4M PLN

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Similar stocks

6 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Konami Group KNM £193.85 £0.7300 -100%
NetEase, Inc NTES $119.25 $170.52 +43%
Nintendo Co NTDOF $44.39 $60.39 +36%
Electronic Arts Inc EA $203.20 $58.78 -71%
Take-Two Interactive Software, Inc TTWO $239.57 $61.19 -74%
Zhejiang Century Huatong Group 002602 ¥13.46 ¥27.63 +105%

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Frequently asked questions

Is CI Games SE (CIG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 0.3400 PLN versus a price of 2.52 PLN — about −87% (overvalued). Model-based estimate, not financial advice.
What is the fair value of CIG?
Our 21-model fair value for CI Games SE is 0.3400 PLN (as of Jun 24, 2026), built from audited fundamentals. The current price is 2.52 PLN.
What is the quality score of CIG?
CI Games SE has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of CI Games SE (CIG)?
CI Games SE reported trailing-twelve-month revenue of about 73.8M PLN (latest available figure, as of Jun 24, 2026).
What is the net profit margin of CIG?
The net profit margin of CI Games SE is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.