PLAYSTUDIOS, Inc.

MYPS

TechnologyElectronic Gaming & MultimediaNASDAQ

$0.46

Market Cap: $59.54M

PLAYSTUDIOS, Inc. (MYPS) Valuation Summary

Updated May 11, 2026 08:37

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.63 – $4.10	$1.56	+236.3%
Revenue DCF 10Y	$0.88 – $3.81	$1.70	+266.4%
▸ Trading Multiples
EV/Revenue	$1.90 – $8.11	$4.86	+947.4%

Valuation History

DCF Analysis

PLAYSTUDIOS, Inc. (MYPS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$1.70

Market Price

$0.46

Upside / Downside

+266.4%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -8.7% to a target of 10.2% over 5 years, discounted at a WACC of 8.7%, PLAYSTUDIOS, Inc. (MYPS) has an intrinsic value of $1.70 per share (range: $0.88 – $3.81).

Key Assumptions

Current Operating Margin

-8.7%

Target Operating Margin

10.2%

WACC

8.7%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

7.6%

Target CapEx/Rev

20.5%

D&A/Revenue

13.7%

Tax Rate

0.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	212	-9.9%	-4.9%	-10	-10	29	(19)	-3	3	2
2027	196	-7.3%	-1.1%	-2	-2	27	(20)	-1	6	5
2028	205	4.2%	2.7%	5	5	28	(23)	1	9	8
2029	195	-4.9%	6.5%	13	13	27	(25)	-1	15	11
2030	185	-4.9%	10.2%	19	19	25	(26)	-1	19	13
2031	179	-3.6%	10.2%	18	18	24	(27)	-1	16	10
2032	174	-2.3%	10.2%	18	18	24	(29)	-0	13	8
2033	173	-0.9%	10.2%	18	18	24	(31)	-0	10	6
2034	173	0.4%	10.2%	18	18	24	(33)	0	8	4
2035	176	1.7%	10.2%	18	18	24	(36)	0	6	3

Enterprise Value Bridge

Sum of PV(FCFF)70

Terminal Value (Gordon Growth at 3.0%)104

PV of Terminal Value47

Enterprise Value116

(–) Net Debt-97

Equity Value214

(÷) Shares Outstanding126

Fair Value per Share$1.70

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
6.7%	$1	$1	$2	$3	$4
7.7%	$1	$1	$2	$3	$3
8.7%	$1	$1	$2	$2	$3
9.7%	$1	$1	$2	$2	$3
10.7%	$1	$1	$2	$2	$2

Current price: $0.46. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 8.8% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

PLAYSTUDIOS, Inc. (MYPS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$1.56

Market Price

$0.46

Upside / Downside

+236.3%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-8.7%

Target Operating Margin

10.2%

WACC

8.7%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

7.6%

Target CapEx/Rev

20.5%

D&A/Revenue

13.7%

Tax Rate

0.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	212	-9.9%	-4.9%	-10	-10	29	(22)	-3	-0	-0
2027	196	-7.3%	-1.1%	-2	-2	27	(25)	-1	1	1
2028	205	4.2%	2.7%	5	5	28	(31)	1	1	1
2029	195	-4.9%	6.5%	13	13	27	(35)	-1	5	4
2030	185	-4.9%	10.2%	19	19	25	(38)	-1	7	5

Enterprise Value Bridge

Sum of PV(FCFF)10

Terminal Value (Gordon Growth at 3.0%)129

PV of Terminal Value88

Enterprise Value99

(–) Net Debt-97

Equity Value196

(÷) Shares Outstanding126

Fair Value per Share$1.56

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
6.7%	$1	$1	$2	$3	$4
7.7%	$1	$1	$2	$3	$3
8.7%	$1	$1	$2	$2	$3
9.7%	$1	$1	$1	$2	$3
10.7%	$1	$1	$1	$2	$2

Current price: $0.46. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 8.8% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$4.86

Market Price

$0.46

Upside / Downside

+947.4%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), PLAYSTUDIOS, Inc. (MYPS) has a fair value of $4.86 based on 8 comparable companies in the Electronic Gaming & Multimedia industry.

EV/Revenue Valuation — Electronic Gaming & Multimedia

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
PLAYSTUDIOS, Inc.MYPS	58	-0.2x	-0.1x
One Stop Systems, Inc.OSS	388	11.1x	6.8x
Amtech Systems, Inc.ASYS	310	3.9x	2.9x
Magnachip Semiconductor CorporationMX	165	0.6x	0.5x
Roadzen, Inc.RDZN	149	3.8x	3.2x
Skillz Inc.SKLZ	108	0.4x	0.4x
Nerdy, Inc.NRDY	107	0.4x	0.4x
Genasys Inc.GNSS	93	2.6x	3.0x
Soluna Holdings, Inc.SLNH	44	1.5x	1.9x
Industry Median		2.1x	2.4x
(*) Revenue		235	289
= Enterprise Value		487	540
(-) Net Debt		-97	-97
Equity Value		584	637
(/) Outstanding shares		126	126
Fair Price		$5	$5

Selected Fair Value (avg of trailing + forward)

$4.86

+947.4%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$0.63 – $4.10

$1.56

+236.3%

Revenue DCF 10Y

$0.88 – $3.81

$1.70

+266.4%

▸ Trading Multiples

EV/Revenue

$1.90 – $8.11

$4.86

+947.4%

DCF Analysis

PLAYSTUDIOS, Inc. (MYPS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$1.70

Market Price

$0.46

Upside / Downside

+266.4%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-8.7%

Target Operating Margin

10.2%

WACC

8.7%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

7.6%

Target CapEx/Rev

20.5%

D&A/Revenue

13.7%

Tax Rate

0.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	212	-9.9%	-4.9%	-10	-10	29	(19)	-3	3	2
2027	196	-7.3%	-1.1%	-2	-2	27	(20)	-1	6	5
2028	205	4.2%	2.7%	5	5	28	(23)	1	9	8
2029	195	-4.9%	6.5%	13	13	27	(25)	-1	15	11
2030	185	-4.9%	10.2%	19	19	25	(26)	-1	19	13
2031	179	-3.6%	10.2%	18	18	24	(27)	-1	16	10
2032	174	-2.3%	10.2%	18	18	24	(29)	-0	13	8
2033	173	-0.9%	10.2%	18	18	24	(31)	-0	10	6
2034	173	0.4%	10.2%	18	18	24	(33)	0	8	4
2035	176	1.7%	10.2%	18	18	24	(36)	0	6	3

Enterprise Value Bridge

Sum of PV(FCFF)70

Terminal Value (Gordon Growth at 3.0%)104

PV of Terminal Value47

Enterprise Value116

(–) Net Debt-97

Equity Value214

(÷) Shares Outstanding126

Fair Value per Share$1.70

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
6.7%	$1	$1	$2	$3	$4
7.7%	$1	$1	$2	$3	$3
8.7%	$1	$1	$2	$2	$3
9.7%	$1	$1	$2	$2	$3
10.7%	$1	$1	$2	$2	$2

Current price: $0.46. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 8.8% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$4.86

Market Price

$0.46

Upside / Downside

+947.4%

Verdict

Undervalued

EV/Revenue Valuation — Electronic Gaming & Multimedia

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
PLAYSTUDIOS, Inc.MYPS	58	-0.2x	-0.1x
One Stop Systems, Inc.OSS	388	11.1x	6.8x
Amtech Systems, Inc.ASYS	310	3.9x	2.9x
Magnachip Semiconductor CorporationMX	165	0.6x	0.5x
Roadzen, Inc.RDZN	149	3.8x	3.2x
Skillz Inc.SKLZ	108	0.4x	0.4x
Nerdy, Inc.NRDY	107	0.4x	0.4x
Genasys Inc.GNSS	93	2.6x	3.0x
Soluna Holdings, Inc.SLNH	44	1.5x	1.9x
Industry Median		2.1x	2.4x
(*) Revenue		235	289
= Enterprise Value		487	540
(-) Net Debt		-97	-97
Equity Value		584	637
(/) Outstanding shares		126	126
Fair Price		$5	$5

Selected Fair Value (avg of trailing + forward)

$4.86

+947.4%