CD Projekt (CDR.WA) Stock Price

CD Projekt Price

GPW·CLOSED
249.90PLN-3.90 (-1.55 %)
Market closed

Revenue has compounded at 7.6% per year over the past 19 years to 985.03 M PLN. Earnings per share have grown at 34.9% per year over the last 16 years. CD Projekt's net margin stands at 47.7%, down from 53.8% several years earlier. CD Projekt currently offers a dividend yield of about 0.40%. The payout ratio is around 80% of earnings. Analysts set a median price target of 267.75 PLN, implying 7.1% above the current price. Of 25 analysts, 6 rate the stock a buy — an overall Sell consensus. The stock trades about 15% above its 52-week low.

CD Projekt stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of CD Projekt over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how CD Projekt stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing CD Projekt's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

CD Projekt Stock Price History
DateCD Projekt Price
7/31/2026249.90 PLN
7/30/2026253.80 PLN
7/29/2026253.00 PLN
7/28/2026235.70 PLN
7/27/2026234.50 PLN
7/24/2026226.20 PLN
7/23/2026230.80 PLN
7/22/2026233.00 PLN
7/21/2026230.90 PLN
7/20/2026230.40 PLN
7/17/2026234.50 PLN
7/16/2026234.60 PLN
7/15/2026231.90 PLN
7/14/2026231.60 PLN
7/13/2026232.60 PLN
7/10/2026233.00 PLN
7/9/2026231.50 PLN
7/8/2026234.00 PLN
7/7/2026237.50 PLN
7/6/2026233.30 PLN
7/3/2026232.00 PLN
7/2/2026232.50 PLN
7/1/2026224.50 PLN
6/30/2026224.40 PLN
6/29/2026221.10 PLN
6/26/2026217.40 PLN
6/25/2026223.40 PLN
6/24/2026226.00 PLN
6/23/2026228.70 PLN
6/22/2026229.50 PLN
6/19/2026225.20 PLN
6/18/2026222.30 PLN
6/17/2026226.50 PLN
6/16/2026229.00 PLN
6/15/2026225.90 PLN
6/12/2026223.10 PLN
6/11/2026221.60 PLN
6/10/2026226.00 PLN
6/9/2026225.50 PLN
6/8/2026225.60 PLN
6/5/2026229.80 PLN
6/3/2026225.70 PLN
6/2/2026229.80 PLN
6/1/2026229.80 PLN
5/29/2026233.80 PLN
5/28/2026232.70 PLN
5/27/2026239.90 PLN
5/26/2026254.80 PLN
5/25/2026256.50 PLN
5/22/2026256.80 PLN
5/21/2026254.80 PLN
5/20/2026257.20 PLN
5/19/2026260.30 PLN
5/18/2026262.90 PLN
5/15/2026257.80 PLN
5/14/2026259.30 PLN
5/13/2026256.10 PLN
5/12/2026255.50 PLN
5/11/2026260.70 PLN
5/8/2026260.80 PLN
5/7/2026266.00 PLN
5/6/2026267.10 PLN
5/5/2026262.20 PLN
5/4/2026264.20 PLN
4/30/2026275.60 PLN
4/29/2026276.20 PLN
4/28/2026277.50 PLN
4/27/2026279.90 PLN
4/24/2026278.90 PLN
4/23/2026283.70 PLN
4/22/2026293.10 PLN
4/21/2026282.20 PLN
4/20/2026282.10 PLN
4/17/2026288.40 PLN
4/16/2026277.70 PLN
4/15/2026271.00 PLN
4/14/2026260.20 PLN
4/13/2026245.10 PLN
4/10/2026246.40 PLN
4/9/2026244.10 PLN
4/8/2026252.60 PLN
4/7/2026243.30 PLN
4/2/2026243.80 PLN
4/1/2026241.00 PLN
3/31/2026236.60 PLN
3/30/2026231.80 PLN
3/27/2026235.20 PLN
3/26/2026234.70 PLN
3/25/2026240.30 PLN
3/24/2026235.30 PLN
3/23/2026244.00 PLN
3/20/2026244.50 PLN
3/19/2026234.60 PLN
3/18/2026238.60 PLN
3/17/2026245.40 PLN
3/16/2026246.30 PLN
3/13/2026246.90 PLN
3/12/2026248.00 PLN
3/11/2026247.40 PLN
3/10/2026249.00 PLN
3/9/2026246.80 PLN
3/6/2026245.30 PLN
3/5/2026248.50 PLN
3/4/2026247.80 PLN
3/3/2026235.80 PLN
3/2/2026243.90 PLN
2/27/2026242.70 PLN
2/26/2026249.20 PLN
2/25/2026249.00 PLN
2/24/2026240.00 PLN
2/23/2026242.20 PLN
2/20/2026244.30 PLN
2/19/2026242.00 PLN
2/18/2026243.00 PLN
2/17/2026244.00 PLN
2/16/2026242.90 PLN
2/13/2026240.70 PLN
2/12/2026244.00 PLN
2/11/2026241.20 PLN
2/10/2026247.40 PLN
2/9/2026248.80 PLN
2/6/2026240.00 PLN
2/5/2026249.00 PLN
2/4/2026251.90 PLN
2/3/2026250.70 PLN
2/2/2026259.70 PLN
1/30/2026259.80 PLN
1/29/2026282.40 PLN
1/28/2026285.60 PLN
1/27/2026265.80 PLN
1/26/2026266.40 PLN
1/23/2026269.60 PLN
1/22/2026270.00 PLN
1/21/2026264.10 PLN
1/20/2026267.60 PLN
1/19/2026276.70 PLN
1/16/2026280.60 PLN
1/15/2026274.60 PLN
1/14/2026254.20 PLN
1/13/2026253.50 PLN
1/12/2026241.00 PLN
1/9/2026240.60 PLN
1/8/2026235.00 PLN
1/7/2026246.10 PLN
1/5/2026239.40 PLN
1/2/2026241.70 PLN
12/30/2025241.00 PLN
12/29/2025241.50 PLN
12/23/2025240.10 PLN
12/22/2025245.80 PLN
12/19/2025242.00 PLN
12/18/2025242.70 PLN
12/17/2025240.30 PLN
12/16/2025244.60 PLN
12/15/2025247.30 PLN
12/12/2025247.70 PLN
12/11/2025253.00 PLN
12/10/2025245.40 PLN
12/9/2025252.80 PLN
12/8/2025243.00 PLN
12/5/2025238.80 PLN
12/4/2025254.60 PLN
12/3/2025251.90 PLN
12/2/2025255.30 PLN
12/1/2025255.80 PLN
11/28/2025256.40 PLN
11/27/2025249.30 PLN
11/26/2025243.00 PLN
11/25/2025231.50 PLN
11/24/2025230.90 PLN
11/21/2025228.20 PLN
11/20/2025227.80 PLN
11/19/2025229.20 PLN
11/18/2025229.80 PLN
11/17/2025230.90 PLN
11/14/2025236.70 PLN
11/13/2025237.40 PLN
11/12/2025243.40 PLN
11/10/2025245.60 PLN
11/7/2025242.90 PLN
11/6/2025250.00 PLN
11/5/2025250.20 PLN
11/4/2025252.50 PLN
11/3/2025255.40 PLN
10/31/2025253.80 PLN
10/30/2025257.30 PLN
10/29/2025256.80 PLN
10/28/2025259.20 PLN
10/27/2025254.80 PLN
10/24/2025259.50 PLN
10/23/2025260.20 PLN
10/22/2025260.90 PLN
10/21/2025258.20 PLN
10/20/2025253.20 PLN
10/17/2025256.90 PLN
10/16/2025252.50 PLN
10/15/2025251.00 PLN
10/14/2025248.80 PLN
10/13/2025255.00 PLN
10/10/2025259.90 PLN
10/9/2025275.00 PLN
10/8/2025278.60 PLN
10/7/2025274.50 PLN
10/6/2025273.50 PLN
10/3/2025273.50 PLN
10/2/2025270.40 PLN
10/1/2025272.20 PLN
9/30/2025270.50 PLN
9/29/2025267.80 PLN
9/26/2025256.30 PLN
9/25/2025253.70 PLN
9/24/2025255.00 PLN
9/23/2025254.50 PLN
9/22/2025259.50 PLN
9/19/2025255.00 PLN
9/18/2025262.60 PLN
9/17/2025256.70 PLN
9/16/2025257.10 PLN
9/15/2025257.00 PLN
9/12/2025252.30 PLN
9/11/2025255.00 PLN
9/10/2025255.30 PLN
9/9/2025252.50 PLN
9/8/2025255.00 PLN
9/5/2025250.20 PLN
9/4/2025250.00 PLN
9/3/2025245.90 PLN
9/2/2025248.90 PLN
9/1/2025245.70 PLN
8/29/2025252.00 PLN
8/28/2025254.80 PLN
8/27/2025257.60 PLN
8/26/2025260.20 PLN
8/25/2025259.00 PLN
8/22/2025257.90 PLN
8/21/2025260.90 PLN
8/20/2025251.90 PLN
8/19/2025253.80 PLN
8/18/2025255.00 PLN
8/14/2025246.60 PLN
8/13/2025255.00 PLN
8/12/2025252.50 PLN
8/11/2025255.80 PLN
8/8/2025256.40 PLN
8/7/2025248.90 PLN
8/6/2025248.00 PLN
8/5/2025246.30 PLN
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CD Projekt Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
952.58 M PLN
415.14 M PLN
346.49 M PLN
Jan 1, 2023
1.23 B PLN
474.45 M PLN
481.11 M PLN
Jan 1, 2024
985.03 M PLN
369.45 M PLN
469.87 M PLN
Jan 1, 2025 (e)
994.55 M PLN
374.46 M PLN
418.24 M PLN
Jan 1, 2026 (e)
815.10 M PLN
306.89 M PLN
316.79 M PLN
Jan 1, 2029 (e)
4.14 B PLN
1.56 B PLN
813.95 M PLN
Jan 1, 2030 (e)
5.13 B PLN
1.93 B PLN
0.00 PLN
Jan 1, 2031 (e)
5.87 B PLN
0.00 PLN
0.00 PLN

CD Projekt Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 4, 2026, 4:12 PM
 
REVENUEB PLN
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB PLN
EBITB PLN
EBIT MARGIN%
NET INCOMEB PLN
NET INCOME GROWTH%
DIV.PLN
DIV. GROWTH%
SHARESM
201420152016201720182019202020212022202320242025e2026e2029e2030e2031e
0.100.800.580.460.360.522.140.890.951.230.990.990.824.145.135.87
-32.39731.25-26.94-20.58-21.8143.92310.36-58.477.2129.20-19.920.91-18.01408.4723.8414.32
36.4673.5680.6282.2970.7268.9177.0371.7374.3769.0274.8274.8274.8274.8274.8274.82
0.040.590.470.380.260.361.650.640.710.850.740.740.613.103.844.39
0.010.420.300.240.110.181.180.280.420.470.370.370.311.561.93–
7.2953.1351.9752.0530.9434.5555.0031.0843.5938.5437.4637.6337.5537.6437.65–
0.010.340.250.200.110.181.150.210.350.480.470.420.320.81––
-64.296,740.00-26.90-20.00-45.5060.55557.14-81.9166.3539.02-2.49-10.87-24.40157.28––
–––1.05–1.05–5.001.001.001.001.001.001.00––
––––––––-80.00–––––––
94.9594.9596.9199.56100.55100.66100.47100.76100.72100.23100.49100.49100.49100.49100.49100.49
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales CD Projekt generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue CD Projekt retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare CD Projekt's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares CD Projekt has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against CD Projekt's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

CD Projekt stock margins

The CD Projekt margin analysis displays the gross margin, EBIT margin, as well as the profit margin of CD Projekt. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for CD Projekt.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
77.03 %
55.02 %
53.77 %
Jan 1, 2021
71.83 %
31.13 %
23.52 %
Jan 1, 2022
74.39 %
43.58 %
36.37 %
Jan 1, 2023
69.06 %
38.57 %
39.11 %
Jan 1, 2024
74.91 %
37.51 %
47.70 %
Jan 1, 2025 (e)
74.91 %
37.65 %
42.05 %
Jan 1, 2026 (e)
74.91 %
37.65 %
38.86 %
Jan 1, 2029 (e)
74.91 %
37.65 %
19.64 %

CD Projekt Stock Revenue, EBIT, Earnings per Share

The CD Projekt earnings per share therefore indicates how much revenue CD Projekt has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
21.29 PLN
11.71 PLN
11.45 PLN
Jan 1, 2021
8.81 PLN
2.74 PLN
2.07 PLN
Jan 1, 2022
9.46 PLN
4.12 PLN
3.44 PLN
Jan 1, 2023
12.27 PLN
4.73 PLN
4.80 PLN
Jan 1, 2024
9.80 PLN
3.68 PLN
4.68 PLN
Jan 1, 2025 (e)
9.90 PLN
3.73 PLN
4.16 PLN
Jan 1, 2026 (e)
8.11 PLN
3.05 PLN
3.15 PLN
Jan 1, 2029 (e)
41.25 PLN
15.53 PLN
8.10 PLN

CD Projekt business model & stock analysis

CD Projekt SA is a Polish company specializing in the development and distribution of video games. It was founded in 1994 in Warsaw by Marcin Iwiński and Michał Kiciński. Initially, they were a small distribution company for foreign video games, but soon they began developing their own games. Over the years, the company has become one of the most significant game developers globally, with a focus on role-playing games. The most well-known and best-selling games are The Witcher series and Cyberpunk 2077. In 2020, they achieved a record revenue with a profit of almost 620 million euros. The company is divided into two main divisions, focusing on game development and distribution. The development arm, CD Projekt Red, has gained recognition worldwide for their creations and has studios in Warsaw and Krakow. CD Projekt RED has built a reputation for quality products, particularly known for their work on The Witcher series. These games are praised for their sci-fi elements, open worlds, and strong narratives, gaining a loyal fan base. In 2015, the company released the third installment of The Witcher saga, The Witcher 3, which sold over 10 million copies, setting a record for the Polish company. Cyberpunk 2077 is the latest title released in December 2020. It is an action role-playing game played from a first-person perspective, set in a futuristic world. The game has received immense attention from players and critics, being considered one of the most anticipated games of 2020. CD Projekt RED creates games for PC, consoles, and mobile devices. Their games are known for their strong narratives, open worlds, stunning graphics, and direct engagement with the community. They are dedicated to making games by fans, for fans, and often provide free add-ons to extend the player experience. CD Projekt also has a distribution division, CD Projekt Publishing, specializing in marketing video games. They have contracts with major companies such as Electronic Arts, Take-Two Interactive, and Square Enix to sell their games in Poland and other countries. Despite the success of Cyberpunk 2077, CD Projekt has also faced criticism for delays and shortcomings in releasing game updates. However, the company is working hard to address these issues and make their products as captivating as possible. Overall, CD Projekt has achieved an excellent position in the market through their high-quality products and close connection with the community. They are a company specialized in grand developments and highly appreciated by their customers.

CD Projekt SWOT Analysis

Strengths

CD Projekt SA benefits from a strong market position as a renowned video game developer and publisher. The company's flagship franchise, The Witcher, has achieved critical acclaim and a dedicated fan base, contributing to its brand value and market recognition.

CD Projekt SA has a talented and dedicated team of developers who consistently deliver high-quality products. The company's commitment to storytelling, innovation, and immersive gaming experiences has set it apart from competitors.

Weaknesses

CD Projekt SA is heavily dependent on the success of its major franchises, such as The Witcher and Cyberpunk 2077. Any setbacks or delays in game releases can significantly impact the company's financial performance and reputation.

Although CD Projekt SA has a loyal fan base, it may struggle to attract new players who are not familiar with its existing franchises. This narrow market appeal could limit the company's growth potential.

Opportunities

CD Projekt SA can leverage its strong brand and reputation to expand into new markets or develop new franchises. The company's success in creating immersive storytelling experiences positions it well to explore partnerships in film or television production.

The growing global gaming market presents opportunities for CD Projekt SA to capitalize on the increasing demand for high-quality video games across different platforms, including consoles, PC, and mobile.

Threats

The competitive landscape in the video game industry is intense, with established players and new entrants continuously vying for market share. CD Projekt SA faces the risk of losing its market position if it fails to innovate or keep up with evolving industry trends.

Public perception and backlash surrounding certain decisions, such as the release of Cyberpunk 2077 with technical issues, may impact CD Projekt SA's reputation and consumer trust.

CD Projekt Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

CD Projekt historical P/E ratio, EBIT multiple, and P/S ratio

CD Projekt annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

CD Projekt shares outstanding

The number of shares of CD Projekt was 100.49 M in 2025. This indicates how many shares CD Projekt is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
100.47 M Stocks
Jan 1, 2021
100.76 M Stocks
Jan 1, 2022
100.72 M Stocks
Jan 1, 2023
100.23 M Stocks
Jan 1, 2024
100.49 M Stocks
Jan 1, 2025 (e)
100.49 M Stocks
Jan 1, 2026 (e)
100.49 M Stocks
Jan 1, 2029 (e)
100.49 M Stocks

CD Projekt Dividend History

10 years of dividend payments

YearAnnual DividendYoY ChangePayments
20251.00PLN 0.0%1×
Jun 27, 20251.00PLN 0.0%1/1
20241.00PLN 0.0%1×
20231.00PLN 0.0%1×
20221.00PLN↓ 80.0%1×
20215.00PLN 0.0%1×
20205.00PLN↑ 376.2%1×
20191.05PLN 0.0%1×
20181.05PLN 0.0%1×
20171.05PLN 0.0%1×
20161.05PLN—1×

CD Projekt dividend history and estimates

In 2025, CD Projekt paid a dividend amounting to 1.00 PLN. Dividend means that CD Projekt distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2020 (e)
5.00 PLN
0.00 PLN
Jan 1, 2021
5.00 PLN
0.00 PLN
Jan 1, 2022
1.00 PLN
0.00 PLN
Jan 1, 2023
1.00 PLN
0.00 PLN
Jan 1, 2024
1.00 PLN
0.00 PLN
Jan 1, 2025
1.00 PLN
0.00 PLN
Jan 1, 2026 (e)
0.00 PLN
1.00 PLN
Jan 1, 2029 (e)
0.00 PLN
1.00 PLN

CD Projekt dividend payout ratio

In 2025, CD Projekt had a payout ratio of 24.03%. The payout ratio indicates the percentage of the company's profits that CD Projekt distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
43.67 %
Jan 1, 2021
241.17 %
Jan 1, 2022
29.07 %
Jan 1, 2023
20.83 %
Jan 1, 2024
79.99 %
Jan 1, 2025 (e)
24.03 %
Jan 1, 2026 (e)
31.72 %
Jan 1, 2029 (e)
12.35 %

Current CD Projekt forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
24.00 % (6)
Hold
24.00 % (6)
Sell
52.00 % (13)
12M Price Target
267.75
Last Price
249.90
Currency
PLN
12M Return Potential
7.14 %
LTM Return
0 %

CD Projekt Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/27/20240.61PLN-160.78 MPLN-2024 Q1
3/28/20241.42PLN-373.83 MPLN-2023 Q4
5/24/20230.71PLN-190.13 MPLN-2023 Q1
4/12/20231.41PLN-355.01 MPLN-2022 Q4
11/28/20220.42PLN-193.30 MPLN-2022 Q3
9/7/20220.93PLN-205.73 MPLN-2022 Q2
5/26/20220.60PLN-211.26 MPLN-2022 Q1
4/14/20221.12PLN-252.89 MPLN-2021 Q4
11/29/20210.56PLN-192.47 MPLN-2021 Q3
9/1/20210.78PLN-231.82 MPLN-2021 Q2

EESG©

Eulerpool ESG Scorecard© for the CD Projekt stock

59/100
54
Environment
92
Social
32
Governance
E

Environment

20
Scope 1 - Direct Emissions27.9
Scope 2 - Indirect emissions from purchased energy1,911
Scope 3 - Indirect emissions within the value chain335,999
Total CO₂ emissions1,939
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees31
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

CD Projekt shareholder structure

% Name
12.58861%
Iwinski (Marcin)
Iwinski (Marcin)
9.94088%
Kicinski (Michal)
Kicinski (Michal)
6.82543%
Nielubowicz (Piotr Marcin)
Nielubowicz (Piotr Marcin)
5.39083%
Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.
Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.
2.25230%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.30400%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
...

CD Projekt Beneficial Ownership Filings (SEC 13D/G)

Free Float
65.0%
Float Shares
-
Shares Outstanding
-

CD Projekt Executives and Management Board

13 members · 23 % women

MN

Mr. Michal Nowakowski

Joint Chief Executive Officer, Chief Commercial Officer, Member of the Management Board

7.45 M PLN

Management

PZ

Mr. Pawel Zawodnego

Joint Chief Operating Officer, Member of the Management Board

7.45 M PLN
PN

Mr. Piotr Nielubowicz

Vice President of the Management Board, Chief Financial Officer

7.45 M PLN
PK

Mr. Piotr Karwowski

Joint Chief Operating Officer, Member of the Management Board

7.39 M PLN
JC

Mr. Jeremiah Cohn

Chief Marketing Officer, Member of the Management Board

7.20 M PLN
AB

Mr. Adam Badowski

Co-Chief Executive Officer, Member of the Management Board

7.11 M PLN
KG

Ms. Karolina Gnas

Vice President - Investor Relations · since 2022

–

Board of Directors

AK

Mr. Adam Kicinski

Co-Chairman of the Supervisory Board · since 2010

7.45 M PLN
MI

Mr. Marcin Iwinski

Co-Chairman of the Supervisory Board · since 2010

481,000.00 PLN
MB

Mr. Michal Bien

Independent Member of the Supervisory Board

120,000.00 PLN
DG

Mr. David Gardner

Deputy Chairman of the Supervisory Board · since 2025

–
BC

Ms. Beata Cichocka-tylman

Member of the Supervisory Board

–
PS

Prof. Agnieszka Slomka-golebiowska

Member of the Supervisory Board

–

Frequently asked questions about CD Projekt

The business model of CD Projekt SA revolves around the development, publishing, and distribution of video games. As a renowned Polish game developer, CD Projekt SA focuses on creating immersive and story-driven experiences for gamers worldwide. The company is best known for its critically acclaimed game series, such as The Witcher and Cyberpunk 2077. CD Projekt SA's business model emphasizes delivering high-quality and innovative games that captivate players and drive sales. With a strong emphasis on storytelling and immersive gameplay, CD Projekt SA continues to establish itself as a prominent player in the gaming industry.

CD Projekt SA is primarily active in the video game industry.

The main competitors of CD Projekt SA in the market include major gaming companies such as Electronic Arts (EA), Activision Blizzard, and Ubisoft. These companies are well-known for their successful gaming franchises and have established a strong presence in the industry. CD Projekt SA faces competition in the video game market based on factors like game quality, innovation, and brand recognition.

CD Projekt SA is a renowned Polish video game developer and publisher. Founded in 1994 by Marcin Iwiński and Michał Kiciński, CD Projekt SA quickly gained recognition for its successful video game series, "The Witcher," based on the fantasy novels of Andrzej Sapkowski. The company's dedication to creating immersive and high-quality gaming experiences has earned them a loyal fan base worldwide. CD Projekt SA has since expanded its operations and is now also known for its digital distribution platform, GOG.com. With a strong track record of developing innovative and beloved games, CD Projekt SA has become a prominent player in the gaming industry.

Some significant milestones achieved by CD Projekt SA include the successful development and release of critically acclaimed video game series such as "The Witcher" and "Cyberpunk 2077." The company has gained a strong reputation for creating immersive and high-quality gaming experiences, with "The Witcher 3: Wild Hunt" winning numerous Game of the Year awards. CD Projekt SA has also ventured into digital distribution with GOG.com, a DRM-free platform for PC gamers. Moreover, its market value and global recognition have increased significantly, making CD Projekt SA one of the leading companies in the gaming industry.

CD Projekt SA is primarily present in Poland.

CD Projekt SA represents values of innovation, passion, and dedication in the gaming industry. With a commitment to creating immersive experiences, the company has gained recognition for its critically acclaimed game series, including The Witcher and Cyberpunk 2077. CD Projekt SA's corporate philosophy revolves around putting gamers first, ensuring quality, and embracing a player-centric approach. The company focuses on delivering rich storytelling, engaging gameplay, and high-quality graphics to provide unforgettable gaming experiences. CD Projekt SA's emphasis on creativity, customer satisfaction, and pushing boundaries has solidified its position as a leading game developer and publisher in the global market.

Analysts currently set an average price target of 255.80 PLN for the CD Projekt stock (median: 267.75 PLN), implying +2.4 % versus the latest price. The consensus is based on 25 analyst ratings.

CD Projekt Analyst Price Targets 2026

25 analysts currently rate the CD Projekt stock: 6 recommend buying, 6 holding and 13 selling. For 2026, analysts expect CD Projekt to generate revenue of 815.10 M PLN and earnings per share of 3.15 PLN.

CD Projekt Analyst Price Targets 2026

Converted at the current exchange rate, the CD Projekt share trades at 58.01 EUR (249.90 PLN).

The CD Projekt share (CDR.WA) is listed on 9 stock exchanges, including: Frankfurt (7CD.F), München (7CD.MU), Stuttgart (7CD.SG), Düsseldorf (7CD.DU), Berlin (7CD.BE), London (0LX1.L).

CD Projekt SA is a Polish company operating in the entertainment industry, specializing in the development, publishing, and marketing of video games. The company was founded in 1994 and has been listed on the Warsaw Stock Exchange since 2002. CD Projekt SA's business model is based on three pillars: game development, game sales and additional content, and licensing. Game development is the company's core competency. CD Projekt SA gained recognition as a developer of RPG (Role-Playing Games) with its most famous game series, "The Witcher," based on the books by Polish author Andrzej Sapkowski. These games are known for their immersive storylines, complex characters, and detailed game worlds. The company invests a lot of time and money in the development of its games to achieve a high level of quality. Game sales and additional content are another important pillar of CD Projekt SA's business model. The company distributes its games worldwide through various platforms, such as Steam or GOG (Good Old Games), its own digital game distribution portal. Additional content, such as expansions or cosmetic items that enhance or personalize the gaming experience, is offered through the same platforms. By marketing games and content on various platforms, CD Projekt SA can maximize its reach and make its products accessible to a wider audience. Licensing is a third source of revenue for CD Projekt SA. The company has secured the rights to the characters and world of "The Witcher" series and can utilize these licensed products. Various products such as books, comics, soundtracks, and merchandise like t-shirts and figures are offered. By marketing licensed products, CD Projekt SA can increase its visibility and generate additional revenue. A key aspect of CD Projekt SA's business model is direct customer engagement. The company sees itself as a community-driven enterprise, actively communicating with its fans and involving them in the development process of its games. Through this model, CD Projekt SA has built a loyal fan base that trusts the company in developing new games and products. Overall, CD Projekt SA's business model is focused on delivering high-quality products and establishing a direct connection with its customers. Through the combination of game development, sales and marketing, as well as licensing, the company can generate a solid source of revenue and strengthen its position as a leading developer of RPG games.

The expected revenue of CD Projekt is 815.10 M PLN. This figure is based on current financial data and reflects the company's business performance.

The expected profit of CD Projekt is 316.79 M PLN. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of CD Projekt is currently 79.27. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the CD Projekt stock.

The price-to-sales ratio (P/S) of CD Projekt is currently 30.81. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the CD Projekt stock.

The Eulerpool Quality Score for CD Projekt is 6/10.

The ISIN of CD Projekt is PLOPTTC00011. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of CD Projekt is 534356. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of CD Projekt is CDR.WA. The ticker symbol is used to trade CD Projekt shares on the stock exchange.

Over the past 12 months, CD Projekt paid a dividend of 1.00 PLN . This corresponds to a dividend yield of about 0.40 %. For the coming 12 months, CD Projekt is expected to pay a dividend of 1.00 PLN.

The current dividend yield of CD Projekt is 0.40 %.

CD Projekt pays a dividend, distributed in the months of , , , .

CD Projekt paid dividends every year for the past 10 years.

For the upcoming 12 months, dividends amounting to 1.00 PLN are expected. This corresponds to a dividend yield of 0.40 %.

CD Projekt is assigned to the 'Communication' sector.

To receive the latest dividend of CD Projekt from amounting to 1 PLN, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, CD Projekt distributed 1 PLN as dividends.

The dividends of CD Projekt are distributed in PLN.

All fundamentals and in-depth analysis of CD Projekt

Our stock analysis for CD Projekt stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of CD Projekt. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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