Games Workshop Group GAW.L
Games Workshop Group PLC is a British company that designs, manufactures, and sells fantasy and science fiction miniatures, mainly under the Warhammer brand, with a business model based on selling its products through its own stores, retailers, and online channel. Games Workshop combines impeccable financial health (net cash, ND/EBITDA -0.43) and an exceptional moat (ROIC 69.27%, gross margin 72.52%) with stagnant growth (revenues +3.0%, earnings -0.6%) and a demanding valuation (P/E 28.54), making it a high-quality business with limited upside potential in the short term.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Games Workshop Group PLC is a British company that designs, manufactures, and sells fantasy and science fiction miniatures, mainly under the Warhammer brand, with a business model based on selling its products through its own stores, retailers, and online channel. Games Workshop combines impeccable financial health (net cash, ND/EBITDA -0.43) and an exceptional moat (ROIC 69.27%, gross margin 72.52%) with stagnant growth (revenues +3.0%, earnings -0.6%) and a demanding valuation (P/E 28.54), making it a high-quality business with limited upside potential in the short term.
Score by category
| Category | Score |
|---|---|
| Financial health | 9.0 |
| Quality / Moat | 9.2 |
| Valuation | 5.2 |
| Growth | 4.7 |
| Dividend | 3.5 |
| Momentum | 8.4 |
| Risk & Context | 7.0 |
OVERALL SCORE: 7.0/10
Context and risks
The macro context (rates, oil, geopolitics) does not materially affect Games Workshop's business: its demand is discretionary and does not depend on commodities, shipping routes, or significant external financing. The company has net cash and its valuation, though demanding, is not of extreme duration.
News considered in the analysis
- Warhammer firm set for record revenues and profit jump — Confirma un sólido desempeño operativo, aunque el mercado ya anticipaba parte de este resultado.
- Bullish Games Workshop Group Insiders Loaded Up On UK£529.6k Of Stock — Las compras de directivos son una señal positiva de confianza interna, aunque de magnitud moderada.
- 3 International Stocks Most U.S. Investors Have Never Heard Of — Listículo sin información nueva sobre la empresa.
- Games Workshop Group PLC (LON:GAW) Is About To Go Ex-Dividend, And It Pays A 2.9% Yield — Información rutinaria sobre el calendario de dividendos, ya conocida por el mercado.
- Does This Valuation Of Games Workshop Group PLC (LON:GAW) Imply Investors Are Overpaying? — Análisis de valoración de carácter especulativo, sin hechos nuevos.
Verdict: Hold: business quality justifies the premium, but flat growth and a high P/E limit upside potential.
Main risk: Stagnant earnings growth (-0.60%) in a business with a demanding valuation (P/E 28.54) is the main risk: any sales disappointment could compress the multiple.
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