Motorsport Games Inc. (MSGM) vs PLAYSTUDIOS, Inc. (MYPS)

Motorsport Games Inc. and PLAYSTUDIOS, Inc. are both Electronic Gaming & Multimedia companies. PLAYSTUDIOS, Inc. is the larger, with a market value of $53.6M against $19.2M — 2.8× the size. PLAYSTUDIOS, Inc. has negative trailing earnings, so its P/E is not meaningful; Motorsport Games Inc. trades at 10.0×. Motorsport Games Inc. grew revenue faster over the last twelve months: 78.7% against −13.3%. Motorsport Games Inc. has the higher net margin (16.2% vs −20.7%) and the higher return on invested capital (76.8% vs −24.1%). Across the 20 metrics below, Motorsport Games Inc. leads on 13 and PLAYSTUDIOS, Inc. on 7.

Valuation

Metric MSGM MYPS Electronic Gaming & Multimedia median
P/E 9.95 n/m 7.09
P/S 1.40 0.27 1.09
P/B 3.89 0.29 1.02
Price to free cash flow 4.09 26.01 6.55
EV/EBITDA 4.27 25.27 3.29
EV/Sales 1.21 (0.18) 0.84
Earnings yield 10.05% (75.00%) (3.08%)
Free cash flow yield 24.45% 3.84% 0.00%

Profitability

Metric MSGM MYPS Electronic Gaming & Multimedia median
Gross margin 83.92% 77.92% 70.26%
Operating margin 21.14% (17.91%) (8.19%)
Net margin 16.16% (20.65%) (9.89%)
Free cash flow margin 42.67% 1.04% 0.00%
Return on equity 43.39% (20.65%) 0.00%
Return on assets 24.09% (15.92%) (1.43%)
Return on invested capital 76.80% (24.13%) 0.00%

Growth

Metric MSGM MYPS Electronic Gaming & Multimedia median
Revenue growth (TTM) 78.65% (13.26%) 13.58%
EPS growth (last fiscal year) 252.13% (4.55%) —
Revenue growth, 5-year CAGR (9.92%) (2.72%) (2.72%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MSGM MYPS Electronic Gaming & Multimedia median
Debt to equity 0.23 0.00 0.00
Current ratio 1.85 2.99 1.61
Net debt to EBITDA (1.14) (7.18) 0.07

Dividend

Metric MSGM MYPS Electronic Gaming & Multimedia median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric MSGM MYPS Electronic Gaming & Multimedia median
Market cap 19.23m 53.60m 53.60m

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