CD Projekt S.A. (OTGLF) is an aspiring game developer with competitive advantages over its rivals. At the same time, it has a highly cyclical business model with capital intensive and long development times. Furthermore, there is a high dependency on a few titles and their success. The current valuation puts a high pressure to succeed with Cyberpunk and is therefore a risk.
Current situation and Outlook
Currently, CD Projekt has a small number of different products. Almost 61% of the revenue is generated with the franchise The Witcher and the associated card game