TEN SQUARE GAMES S.A. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 85 PLN | -1.16% |
|
-7.66% | -11.83% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 582 | 1,434 | 4,004 | 2,548 | 919.7 | 624.8 | 624.8 | - |
| Enterprise Value (EV) 1 | 542.2 | 1,359 | 3,768 | 2,409 | 793.1 | 477.5 | 470.2 | 462.2 |
| P/E ratio | 16 x | 18.8 x | 26.4 x | 18 x | 17.7 x | 16.6 x | 6.71 x | 6.89 x |
| Yield | 1.08% | 1.91% | 0.91% | 2.87% | 5.69% | 8.28% | 13.6% | 11.5% |
| Capitalization / Revenue | 5.05 x | 5.95 x | 6.93 x | 4.02 x | 1.71 x | 1.43 x | 1.47 x | 1.46 x |
| EV / Revenue | 4.7 x | 5.63 x | 6.52 x | 3.8 x | 1.47 x | 1.09 x | 1.11 x | 1.08 x |
| EV / EBITDA | 12 x | 15.8 x | 21.5 x | 13.6 x | 5.63 x | 4.89 x | 4.09 x | 4.24 x |
| EV / FCF | 13.7 x | 21.6 x | 19.8 x | 13.7 x | 8.07 x | 6.08 x | 5.83 x | 6.71 x |
| FCF Yield | 7.28% | 4.64% | 5.04% | 7.31% | 12.4% | 16.4% | 17.2% | 14.9% |
| Price to Book | 13.8 x | 15.6 x | 16.8 x | 7.23 x | 2.69 x | 2.27 x | 2.11 x | 2.05 x |
| Nbr of stocks (in thousands) | 7,275 | 7,241 | 7,267 | 7,302 | 7,265 | 7,265 | 7,265 | - |
| Reference price 2 | 80.00 | 198.0 | 551.0 | 349.0 | 126.6 | 86.00 | 86.00 | 86.00 |
| Announcement Date | 3/21/19 | 3/23/20 | 3/22/21 | 3/30/22 | 3/28/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 115.3 | 241.1 | 578.2 | 634 | 538.6 | 437.7 | 424.9 | 428.2 |
| EBITDA 1 | 45.01 | 85.73 | 174.9 | 177.6 | 140.8 | 97.67 | 114.9 | 109 |
| EBIT 1 | 44.31 | 84.58 | 171.8 | 166.2 | 72.69 | 55.2 | 95.25 | 89.35 |
| Operating Margin | 38.45% | 35.07% | 29.71% | 26.22% | 13.5% | 12.61% | 22.42% | 20.87% |
| Earnings before Tax (EBT) 1 | 44.85 | 84.63 | 170.9 | 162 | 63.44 | 54.54 | 99.22 | 89.43 |
| Net income 1 | 36.47 | 76.39 | 151.6 | 141.3 | 52.34 | 42.41 | 80.69 | 74.81 |
| Net margin | 31.64% | 31.68% | 26.22% | 22.28% | 9.72% | 9.69% | 18.99% | 17.47% |
| EPS 2 | 5.010 | 10.55 | 20.91 | 19.41 | 7.160 | 5.190 | 12.82 | 12.48 |
| Free Cash Flow 1 | 39.47 | 62.98 | 189.9 | 176 | 98.32 | 78.52 | 80.7 | 68.85 |
| FCF margin | 34.25% | 26.12% | 32.85% | 27.76% | 18.26% | 17.94% | 18.99% | 16.08% |
| FCF Conversion (EBITDA) | 87.7% | 73.46% | 108.61% | 99.13% | 69.81% | 80.4% | 70.21% | 63.17% |
| FCF Conversion (Net income) | 108.24% | 82.44% | 125.28% | 124.6% | 187.87% | 185.17% | 100.02% | 92.03% |
| Dividend per Share 2 | 0.8672 | 3.780 | 5.000 | 10.00 | 7.200 | 7.120 | 11.67 | 9.862 |
| Announcement Date | 3/21/19 | 3/23/20 | 3/22/21 | 3/30/22 | 3/28/23 | - | - | - |
1PLN in Million2PLN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 164.9 | 148 | 147.1 | 150.3 | 124.1 | 132.9 | 131.2 | 117.4 | 104.9 | 105.6 | 107.8 | 99.7 |
| EBITDA 1 | 43.4 | 34.5 | 42.77 | 32.18 | 21.41 | 34.9 | 35.29 | 17.14 | 21.9 | 30 | 19.6 | 28.48 |
| EBIT 1 | 38.7 | 31.2 | 40.41 | 29.39 | 17.44 | 21.6 | 4.22 | -14.41 | 9.6 | 25.03 | 2.1 | 22.72 |
| Operating Margin | 23.47% | 21.08% | 27.47% | 19.55% | 14.05% | 16.25% | 3.22% | -12.27% | 9.15% | 23.71% | 1.95% | 22.79% |
| Earnings before Tax (EBT) 1 | - | 31.29 | 35.22 | 30.98 | 18.29 | 20.86 | -6.685 | -16.02 | 10.05 | 23.2 | 0.3333 | 21.3 |
| Net income 1 | 33.4 | 24.8 | 30.39 | 25.59 | 14.95 | 19.1 | -7.262 | -12.84 | 7.564 | 22.15 | -0.5333 | 20.28 |
| Net margin | 20.25% | 16.76% | 20.66% | 17.02% | 12.04% | 14.37% | -5.54% | -10.94% | 7.21% | 20.98% | -0.49% | 20.34% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/23/21 | 11/22/21 | 3/30/22 | 5/23/22 | 9/5/22 | 11/21/22 | 3/28/23 | 5/22/23 | 9/6/23 | 11/20/23 | - | - |
1PLN in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 39.8 | 75.2 | 237 | 140 | 127 | 147 | 155 | 163 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 39.5 | 63 | 190 | 176 | 98.3 | 78.5 | 80.7 | 68.9 |
| ROE (net income / shareholders' equity) | 136% | 114% | 91.8% | 48% | 15.1% | 11.9% | 32% | 28.6% |
| ROA (Net income/ Total Assets) | 106% | 95.2% | - | - | 10.1% | 4.5% | 19.2% | 18.1% |
| Assets 1 | 34.52 | 80.26 | - | - | 520.5 | 942.4 | 420.2 | 413.3 |
| Book Value Per Share 2 | 5.790 | 12.70 | 32.80 | 48.20 | 47.10 | 37.90 | 40.70 | 42.00 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 1.77 | 3.46 | 3.79 | 24.4 | 39.6 | 21.3 | 26.4 | 23.4 |
| Capex / Sales | 1.53% | 1.44% | 0.66% | 3.85% | 7.36% | 4.87% | 6.21% | 5.46% |
| Announcement Date | 3/21/19 | 3/23/20 | 3/22/21 | 3/30/22 | 3/28/23 | - | - | - |
1PLN in Million2PLN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
86
PLN
Average target price
102.5
PLN
Spread / Average Target
+19.15%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -9.85% | 154M | |
| +27.09% | 24.31B | |
| -14.06% | 23.88B | |
| +9.94% | 2.63B | |
| -20.45% | 1.91B | |
| +85.85% | 1.86B | |
| -50.65% | 1.51B | |
| +7.97% | 1.36B | |
| -0.20% | 1.27B | |
| -18.38% | 1.25B |
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- Financials Ten Square Games S.A.
