Asset Structure Analysis
Playtika Holding’s total assets were $3.2 billion as of December 31, 2023, up from $2.7 billion as of December 31, 2022.
Total current assets were $1.35 billion as of December 31, 2023, accounting for 42% of total assets.
Among total current assets, cash and cash equivalents were $1 billion, making up 31% of total assets.
Goodwill was $987.2 million as of December 31, 2023, consisting of 31% of total assets.
Intangible assets, net were $311.2 million as of December 31, 2023, comprising 9.7% of total assets.
Liquidity and Solvency
Total current liabilities were $539.6 million as of December 31, 2023.
The current ratio was 2.5 times for 2023.
Total liabilities were $3.4 billion as of December 31, 2023.
The debt ratio was 106% for 2023.
Playtika Holding’s liquidity is very sufficient, and debt pressure is very huge.
Profitability Analysis
Playtika Holding’s revenues were $2.57 billion, $ 2.62 billion and $2.58 billion in 2023, 2022 and 2021, respectively.
Net income was $235 million, $275.3 million and $308.5 billion in 2023, 2022 and 2021, respectively.
The net profit margin was 9.1%, 10.5% and 12% in 2023, 2022 and 2021, respectively.
Cash Flow Analysis
Net cash provided by operating activities was $515.6 million, $493.7 million and $551.7 million in 2023, 2022 and 2021, respectively.
Stock-based compensation was $110 million, $123.5 million and $100.4 million in 2023, 2022 and 2021, respectively.
Purchase of property and equipment was $32.6 million, $68.3 million and $47.4 million in 2023, 2022 and 2021, respectively.
Payments for business combination, net were $159.6 million, $29.9 million and $394.1 million in 2023, 2022 and 2021, respectively.
The amount of stock-based compensation will be setoff by repurchasing stock.
The amount of capital expenditures and business combination is cash outflow.
Playtika Holding’s operating performance for Q1 2024
Playtika Holding’s revenues were $651.2 million and $656.2 million in Q1 2024 and Q1 2023, respectively.
Net cash provided by operating activities was $29.6 million and $20.5 million in Q1 2024 and Q1 2023, respectively.
Conclusion
Playtika Holding is a mediocre company.
The company expand by acquiring other company.
The company’s profitability is very average.
Playtika Holding has a bad experience in paying dividends to shareholders and repurchasing stock.
We don’t see Playtika Holding’s investing value.
Disclaimer: The content is for reference only and does not constitute investment advice.
