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Streamplay Studio Ltd (SP8) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Streamplay Studio Ltd stock A$0.01, price A$0.01, upside +31.7%, quality 50 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Communication Services AU · ISIN AU0000258816

SS Streamplay Studio Ltd logo Thin data Nov 4, 2026

Streamplay Studio Ltd

SP8 · AU
Undervalued, but in a downtrend

The stock costs 24% less than our calculation considers fair.

Fair value A$0.0079 · Undervalued
Generates free cash flow
Revenue last quarter +28% vs. a year ago.
Quality 50/100
Mixed Growth (revenue 5y +121.0 %/yr in AUD)
Mixed vs. peers (5/10)
Loss-making · -14.8% net margin (TTM)
Narrow moat 12/100 · thin data
Thin data
⚠ Dilution⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$0.0290 A$0.0060 Fair Value A$0.0079 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range A$0.0060 – A$0.0290 · fair‑value band A$0.0064 – A$0.0084 · the A$0.0060 price screens below the A$0.0079 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

StreamPlay Studio Limited engages in development, publishing, and distribution of interactive digital entertainment in Australia and internationally.

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The company offers ARCADEX, a platform that supports skills-based tournaments, series and live matches; Noodlecake, a game studio developing original IP and publishes indie titles across mobile, PC, and consoles; and CLOUDGAMING, a platform that allows games to be streamed directly to a mobile device.

It also offers value added services, including weather updates, daily horoscopes, and news; SMS Games, a telco-integrated, interactive text-based games; and mJams, a platform, which streams music and connects users with local artists.

In addition, the company offers telco-integrated services, such as mGames, PlayStream, and MTN Arena and Arena Plus providing gaming experiences across mobile, console, and PC. It exports its products to the Pacific Islands, South Africa, and Canada.

It operates through B2C business model partnering with mobile network operators and distributors. The company was formerly known as Emerge Gaming Limited and changed its name to StreamPlay Studio Limited in December 2022. StreamPlay Studio Limited is headquartered in Sydney, Australia.

Stock analysis

Streamplay Studio Ltd (SP8) currently trades at A$0.0060, while our model-based Fair Value estimate is A$0.0079, implying the stock looks roughly 24% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of A$0.0600 per share, and 6 of the 6 models we run sit above the A$0.0060 price.

Bear case: the Multiples group reads lowest at A$0.0300, and 0 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: A$0.0064 (bear) to A$0.0084 (bull), the price of A$0.0060 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 50/100 (solid quality), in the Communication Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Streamplay Studio Ltd reported revenue of A$13.3M in FY2026 versus A$671K in FY2022, a compound +110.9%/yr. Reported net income was −A$2.4M in FY2026.

Key figures

Market cap A$11.0M (≈ $7.6M) Micro · P/S ratio 0.58 · Net margin −17.8% · Return on equity −16.2% · Return on assets (EBIT) −15.6% (5-year average) · Operating margin −47.6% · Revenue (TTM) A$13.8M · Revenue growth (YoY) +27.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 54% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 46% fair-value upside, at 32%, SP8 screens richer than that median.

Fair Value models

Bear A$0.0064 Fair Value A$0.0079 Bull A$0.0084
Price A$0.0060 · Upside +31.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF A$0.0400 A$0.0600 A$0.1200 72
Growth DCF A$0.0300 A$0.0700 A$0.1200 70
5Y Revenue Exit A$0.0300 A$0.0400 A$0.0700 66
All 6 models by family
DCF Models
FCF DCF A$0.0400 A$0.0600 A$0.1200 72
5Y Revenue Exit A$0.0300 A$0.0400 A$0.0700 66
10Y Revenue Exit A$0.0300 A$0.0600 A$0.0700 63
Multiples
EV/Revenue A$0.0200 A$0.0300 A$0.0300 52
Growth DCF
Growth DCF A$0.0300 A$0.0700 A$0.1200 70
Rev-Margin DCF A$0.0300 A$0.0500 A$0.0800 66

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 50/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 13
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 79
Do the profits arrive as real cash?
Financial strength 75
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 6
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+143.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+96.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+121.0%
Start year 2021 (pandemic)
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.1%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−630.8% (2021) → −14.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−32.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −34.0% a year for the price.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Gaming & Multimedia · 182 stocks

Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 50 · Below median
Fair Value upside +31.7% · Above median
Profitability
Return on assets −14.5% · Bottom 25%
Net margin (12 months) −14.8% · Below median
Operating margin (12 months) −47.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 27.8% · Top 25%

Valuation Multiplesvs Electronic Gaming & Multimedia median · lower = cheaper

P/B 0.90× · Cheaper than median
P/S (12 months) 0.80× · Cheapest 25%
Price / free cash flow (fiscal year) 4.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)76 · sector 31
FUTURE (revenue growth)100 · sector 5
PAST (return on equity)0 · sector 2
HEALTH (low debt)0 · sector 100
DIVIDEND (yield)0 · sector 58

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Zhejiang Century Huatong Group 002602 ¥12.36 ¥27.63 +124% vs SP8
NetEase, Inc NTES $129.65 $255.42 +97% vs SP8
KRAFTON, Inc 259960 217,500 KRW 410,472 KRW +89% vs SP8
Giant Network Group 002558 ¥20.76 ¥31.97 +54% vs SP8
International Games System Co 3293 747.00 TWD 1,094 TWD +46% vs SP8
Kingnet Network Co 002517 ¥16.67 ¥21.73 +30% vs SP8
Roblox Corporation RBLX $51.60 $44.31 −14% vs SP8
Kunlun Tech Co 300418 ¥40.13 ¥27.97 −30% vs SP8
Take-Two Interactive Software, Inc TTWO $207.40 $76.73 −63% vs SP8
CD Projekt S.A CDR 269.00 PLN 67.47 PLN −75% vs SP8

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Streamplay Studio Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Streamplay Studio Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SP8

Frequently asked questions

Is Streamplay Studio Ltd (SP8) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.0079 versus a price of A$0.0060, about +32% upside (undervalued).
What is the fair value of SP8?
Our model-based fair value for Streamplay Studio Ltd is A$0.0079 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$0.0060.
What is the quality score of SP8?
Streamplay Studio Ltd has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Streamplay Studio Ltd (SP8)?
Our model-based price target is the fair value of A$0.0079 (as of Nov 4, 2026) from 6 valuation models. Cautious scenario A$0.0064, optimistic scenario A$0.0084. It is a calculation from audited fundamentals, not an analyst target.
What is the Streamplay Studio Ltd stock forecast for 2026?
Our models put fair value at A$0.0079, about +32% upside versus a price of A$0.0060 (undervalued). Cautious scenario A$0.0064, optimistic scenario A$0.0084. The calculation is refreshed regularly with new filings.
What is the revenue of Streamplay Studio Ltd (SP8)?
Streamplay Studio Ltd reported trailing-twelve-month revenue of about A$13.8M (latest available figure, as of Nov 4, 2026).
What growth is priced into Streamplay Studio Ltd (SP8)?
For today's price to be fair in a discounted-cash-flow model, Streamplay Studio Ltd would have to grow free cash flow by -32.1 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +121.0 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of SP8 use?
Our models discount Streamplay Studio Ltd at 8.3 %: a base by market capitalisation (nano), damped by beta 0.31, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Streamplay Studio Ltd that is -32.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Streamplay Studio Ltd (SP8) delivered so far?
Over the past 5 years revenue at Streamplay Studio Ltd grew +121.0 % a year. The price currently implies free-cash-flow growth of -32.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Streamplay Studio Ltd (SP8) growing?
The median revenue growth in the sector is +3.7 % a year. That is the yardstick for the growth priced into Streamplay Studio Ltd (-32.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Streamplay Studio Ltd (SP8)?
The free-cash-flow yield on the price is 20.75 %: that much free cash flow Streamplay Studio Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Streamplay Studio Ltd (SP8)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Streamplay Studio Ltd it is A$0.0079 per share (as of Nov 4, 2026), against a price of A$0.0060. It is the blended result of 6 valuation models in 3 families (DCF Models, Multiples, Growth DCF).
Is Streamplay Studio Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, SP8 trades below its calculated fair value: price A$0.0060, fair value A$0.0079, a gap of about +32% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SP8?
No. The price is what the market pays today (A$0.0060); the fair value is what the company's own numbers justify (A$0.0079). For Streamplay Studio Ltd the two are A$0.0019 per share apart. That gap is exactly why we show both numbers side by side.
How much is Streamplay Studio Ltd worth?
The market values Streamplay Studio Ltd at about A$11.0M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.0060; our models calculate a fair value of A$0.0079 per share.
What do the bullish and bearish scenarios say about SP8?
Our models span a range for Streamplay Studio Ltd: cautious scenario A$0.0064, base A$0.0079, optimistic A$0.0084 per share (as of Nov 4, 2026, price A$0.0060). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Streamplay Studio Ltd (SP8)?
Balance-sheet figures for Streamplay Studio Ltd (as of Nov 4, 2026): return on equity −16.2%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is SP8 from its 52-week high?
Streamplay Studio Ltd trades at A$0.0060, about 54% below its 52-week high of A$0.0130 and at the low of A$0.0060 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0079 is for.
Which stocks are comparable to Streamplay Studio Ltd?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Streamplay Studio Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.0060, calculated fair value A$0.0079 (+32%), Quality Score 50/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SP8 calculated?
We run Streamplay Studio Ltd through 6 models from 3 families: DCF Models, Multiples, Growth DCF. Every model gets the same audited fundamentals; the fair value of A$0.0079 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Streamplay Studio Ltd currently trades 24% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Streamplay Studio Ltd (SP8)?
The closing price on Nov 9, 2026 was A$0.0060. Our model-based fair value is A$0.0079, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Streamplay Studio Ltd right now?
The price is below even our cautious bear case (A$0.0064). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Streamplay Studio Ltd

How large is the market capitalisation of Streamplay Studio Ltd (SP8)?
The market capitalisation of Streamplay Studio Ltd is A$11.0M (≈ $7.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Streamplay Studio Ltd (SP8)?
The price-to-sales ratio of Streamplay Studio Ltd is 0.58 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Streamplay Studio Ltd (SP8)?
The net margin of Streamplay Studio Ltd is −17.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Streamplay Studio Ltd (SP8)?
The return on equity (ROE) of Streamplay Studio Ltd is −16.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Streamplay Studio Ltd (SP8)?
On an EBIT basis the return on assets of Streamplay Studio Ltd is −15.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Streamplay Studio Ltd (SP8)?
The operating margin of Streamplay Studio Ltd is −47.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Streamplay Studio Ltd (SP8)?
Revenue at Streamplay Studio Ltd is growing +27.8% versus a year earlier (3y avg +96.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Streamplay Studio Ltd (SP8) hold?
Streamplay Studio Ltd holds more cash than debt, A$5.7M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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