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Explore 3 Stock Ideas & Industry Insights Download Free Report

Company price
13.9 GBX 0.15 ( 1.09%)
Last update at 2026-10-27T10:17:00Z
VOLUME
10049
Market Cap
61.33M

Momentum Score

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Winking Studios Limited, an investment holding company, operates as an art outsourcing and game development studio in Mainland China, Taiwan, South Korea, the United States, Japan, and internationally. The company operates three segments: Original Equipment Manufacturer (Art Outsourcing), Original Design Manufacturer (Game Development), and Global Publishing and Others. It creates and develops digital art assets, including 2D concept art, 3D modelling, 2D animation, and 3D animation and visual effects, as well as environment and game character design services. The company also offers programming, game development, and design and script writing services, as well as releases game products produced by the company and third-party game developers, such as PlayStation, Switch, and Steam platforms. In addition, it sells video games and peripheral gaming products; and engages in Intellectual property licensing business. The company was founded in 1997 and is headquartered in Singapore. Winking Studios Limited is a subsidiary of Acer Gaming Inc.

Source: TradingView
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Day Price Range
13.07
Low
14.00
High
52 Week Price Range
10.29
Low
17.00
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
13.75
Dividend Yield
-
Revenue TTM
45.50M
Revenue Per Share
0.10
Gross Profit TTM
13.55M
Debt / Equity
-
ROE
0.63%
Net Debt
-
ROCE
-2.80%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax 0.35M 1.42M 0.78M 3.00M 2.19M
Minority interest 0.00M 0.00M 0.00M -0.04M -0.33M
Net income 0.53M 1.78M 1.04M 3.11M 1.85M
Selling general administrative 11.27M 7.92M 5.62M 4.53M 3.58M
Gross profit 9.46M 9.33M 6.45M 7.73M 5.59M
Reconciled depreciation 2.06M 1.79M 1.46M 0.96M 0.70M
Operating income -1.48M 1.43M 0.95M 3.34M 2.30M
Interest expense 0.08M 0.09M 0.06M 0.03M 0.02M
Tax provision -0.17M -0.36M -0.26M -0.15M 0.01M
Interest income 0.47M 0.07M 0.01M 0.01M 0.01M
Net interest income 0.39M -0.02M -0.05M -0.02M -0.01M
Total revenue 31.90M 29.28M 24.50M 23.69M 14.49M
Total operating expenses 33.38M 27.85M 23.55M 20.35M 12.18M
Cost of revenue 22.43M 19.95M 18.05M 15.96M 8.89M
Net income from continuing ops 0.53M 1.78M 1.04M 3.15M 2.18M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 60.26M 30.50M 19.48M 18.50M 11.62M
Intangible assets 0.89M 0.20M 0.24M 0.24M 0.12M
Total liab 10.27M 9.06M 8.35M 7.50M 4.03M
Total stockholder equity 50.00M 21.45M 11.13M 11.00M 7.60M
Other current liab - 0.00M - - -
Capital stock 13.37M 8.62M 5.23M 5.23M 0.65M
Retained earnings 7.69M 8.22M 8.07M 7.06M 4.10M
Good will 1.04M 0.00M - - -
Cash 39.83M 16.42M 6.06M 7.28M 4.78M
Total current liabilities 7.27M 6.44M 5.56M 5.18M 3.31M
Total current assets 49.79M 23.77M 12.74M 13.53M 9.76M
Net receivables 5.57M 3.43M 3.31M 3.23M 2.64M
Accounts payable 1.50M 1.46M 1.21M 1.37M 1.06M
Non currrent assets other 0.30M - - - -
Non current assets total 10.47M 6.74M 6.75M 4.97M 1.86M
Capital lease obligations 3.06M 2.62M 2.80M 2.18M 0.53M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -1.48M 0.00M -0.07M -0.11M -0.54M
Net income 0.53M 1.78M 1.04M 3.11M 1.85M
Change in cash 23.92M 10.42M -0.62M 2.35M 1.34M
Begin period cash flow 16.42M 6.06M 7.28M 4.78M 3.14M
End period cash flow 39.83M 16.42M 6.06M 7.28M 4.78M
Total cash from operating activities 0.64M 3.47M 1.98M 4.32M 1.81M
Issuance of capital stock 29.40M 8.61M 0.00M 0.00M 5.15M
Depreciation 2.06M 1.79M 1.46M 0.96M 0.70M
Dividends paid 1.06M - - - -
Capital expenditures 0.54M 0.67M 1.69M 1.34M 0.64M
Change in working capital -1.88M -0.01M -0.31M 0.12M -1.09M
Stock based compensation 1.01M 0.00M - - -
Other non cash items -0.39M 0.02M -0.10M 0.02M -0.02M
Free cash flow 0.09M 2.80M 0.29M 2.98M 1.18M

Peer Comparison*

Sector: Communication Services Industry: Electronic Gaming & Multimedia

Stock Name
Change
(GBX)
Price
(GBX)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
WKS
Winking Studios Limited
0.15
1.09%
13.90 - 1111.11 1.35 1.45 1.68 19.99
KNM
Konami Holdings Corp
490.00
2.04%
24500.00 0.31 23.31 5.68 4.90 5.14 15.60
EVPL
Everplay Group PLC
-4.00
0.96%
411.50 12.79 8.55 2.12 1.16 1.75 4.31
WVIA
Winvia Entertainment PLC
-
-%
290.00 45.28 - 6.25 - 1.80 32.04
FDEV
Frontier Developments Plc
-7.00
1.32%
525.00 7.30 11.79 1.25 1.32 1.00 2.49

Profile*

Winking Studios Limited

Winking Studios Limited, an investment holding company, operates as an art outsourcing and game development studio in Mainland China, Taiwan, South Korea, the United States, Japan, and internationally. The company operates three segments: Original Equipment Manufacturer (Art Outsourcing), Original Design Manufacturer (Game Development), and Global Publishing and Others. It creates and develops digital art assets, including 2D concept art, 3D modelling, 2D animation, and 3D animation and visual effects, as well as environment and game character design services. The company also offers programming, game development, and design and script writing services, as well as releases game products produced by the company and third-party game developers, such as PlayStation, Switch, and Steam platforms. In addition, it sells video games and peripheral gaming products; and engages in Intellectual property licensing business. The company was founded in 1997 and is headquartered in Singapore. Winking Studios Limited is a subsidiary of Acer Gaming Inc.

No. 14-06, 6 Raffles Quay, Singapore, Singapore, 048580

65 6717 3377

1400

Name Title Year Born
Mr. Cheng-Han Jan Founder, CEO & Executive Director 1977
Mr. Chun-Te Yen Group CFO, Finance Director & Director 1969
Mr. Tai-Wei Cho Chief Operating Officer of Taiwan Operations NA
Ms. Lisa Cheng Company Secretary NA
Ms. Loo Ping Yoo Company Secretary NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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