View Financial HealthVARSAV Game Studios 배당 및 자사주 매입배당 기준 점검 0/6VARSAV Game Studios 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률12.0%자사주 매입 수익률총 주주 수익률12.0%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • Nov 20New major risk - Revenue and earnings growthEarnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (zł1.4m revenue, or US$385k). Market cap is less than US$10m (zł10.8m market cap, or US$2.94m).Reported Earnings • Nov 20Third quarter 2025 earnings releasedThird quarter 2025 results: Net loss: zł34.9k (down 111% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공지 • Nov 13VARSAV Game Studios S.A. to Report Q3, 2025 Results on Nov 14, 2025VARSAV Game Studios S.A. announced that they will report Q3, 2025 results on Nov 14, 2025New Risk • Oct 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$1m (zł1.2m revenue, or US$336k). Market cap is less than US$10m (zł13.1m market cap, or US$3.58m). Minor Risk Large one-off items impacting financial results.New Risk • Jul 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (zł1.2m revenue, or US$326k). Market cap is less than US$10m (zł9.26m market cap, or US$2.54m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results.공지 • Jul 11VARSAV Game Studios S.A., Annual General Meeting, Aug 04, 2025VARSAV Game Studios S.A., Annual General Meeting, Aug 04, 2025, at 12:00 Central European Standard Time.Reported Earnings • May 19First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł168.2k (down 62% from 1Q 2024). Net loss: zł513.5k (down 292% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.New Risk • Mar 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (zł1.5m revenue, or US$381k). Market cap is less than US$10m (zł11.1m market cap, or US$2.88m).Reported Earnings • Feb 20Full year 2024 earnings releasedFull year 2024 results: Revenue: zł1.47m (up 18% from FY 2023). Net income: zł1.10m (up zł6.48m from FY 2023). Profit margin: 75% (up from net loss in FY 2023).Reported Earnings • Aug 20Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł191.6k (up 18% from 2Q 2023). Net loss: zł409.3k (down 187% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.New Risk • Aug 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (zł1.5m revenue, or US$387k). Market cap is less than US$10m (zł13.6m market cap, or US$3.50m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding).공지 • Jun 18VARSAV Game Studios S.A., Annual General Meeting, Jul 16, 2024VARSAV Game Studios S.A., Annual General Meeting, Jul 16, 2024.Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł443.3k (up 152% from 1Q 2023). Net income: zł267.1k (up zł537.6k from 1Q 2023). Profit margin: 60% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 28% per year.New Risk • Mar 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (24% accrual ratio). Revenue is less than US$1m (zł1.2m revenue, or US$312k). Market cap is less than US$10m (zł14.0m market cap, or US$3.52m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding).Reported Earnings • Feb 16Full year 2023 earnings released: EPS: zł0.007 (vs zł0.13 loss in FY 2022)Full year 2023 results: EPS: zł0.007 (up from zł0.13 loss in FY 2022). Revenue: zł1.24m (up 23% from FY 2022). Net income: zł136.6k (up zł2.64m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.공지 • Feb 03VARSAV Game Studios S.A. to Report Fiscal Year 2023 Results on May 31, 2024VARSAV Game Studios S.A. announced that they will report fiscal year 2023 results on May 31, 2024공지 • Feb 02+ 2 more updatesVARSAV Game Studios S.A. to Report Q3, 2024 Results on Nov 14, 2024VARSAV Game Studios S.A. announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Nov 19Third quarter 2023 earnings releasedThird quarter 2023 results: Net loss: zł144.7k (down 174% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 18Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł162.0k (up 22% from 2Q 2022). Net income: zł471.2k (up zł1.56m from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.공지 • Jun 22VARSAV Game Studios S.A., Annual General Meeting, Jul 17, 2023VARSAV Game Studios S.A., Annual General Meeting, Jul 17, 2023, at 12:00 Central European Standard Time.Reported Earnings • May 21First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł175.9k (down 43% from 1Q 2022). Net loss: zł270.4k (loss narrowed 78% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.Reported Earnings • Feb 19Full year 2022 earnings released: zł0.12 loss per share (vs zł0.093 loss in FY 2021)Full year 2022 results: zł0.12 loss per share (further deteriorated from zł0.093 loss in FY 2021). Revenue: zł1.01m (up 17% from FY 2021). Net loss: zł2.35m (loss widened 26% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.공지 • Jan 31+ 3 more updatesVARSAV Game Studios S.A. to Report Fiscal Year 2022 Final Results on May 31, 2023VARSAV Game Studios S.A. announced that they will report fiscal year 2022 final results on May 31, 2023Valuation Update With 7 Day Price Move • Nov 02Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł1.64, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the IT industry in Poland. Total loss to shareholders of 57% over the past three years.Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improved over the past weekAfter last week's 23% share price gain to zł2.07, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 8.9% over the past three years.Reported Earnings • Feb 17Full year 2020 earnings released: EPS zł0.10 (vs zł0.12 in FY 2019)Full year 2020 results: Net income: zł2.06m (down 11% from FY 2019). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 20% share price gain to zł2.15, the stock is trading at a trailing P/E ratio of 6.8x, up from the previous P/E ratio of 5.7x. This compares to an average P/E of 14x in the IT industry in Poland. Total returns to shareholders over the past three years are 105%.Is New 90 Day High Low • Feb 01New 90-day low: zł1.83The company is down 6.0% from its price of zł1.94 on 03 November 2020. The Polish market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 4.0% over the same period.Valuation Update With 7 Day Price Move • Dec 21Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł2.12, the stock is trading at a trailing P/E ratio of 6.7x, down from the previous P/E ratio of 8.1x. This compares to an average P/E of 12x in the IT industry in Poland. Total returns to shareholders over the past three years are 133%.Is New 90 Day High Low • Dec 14New 90-day high: zł2.57The company is up 9.0% from its price of zł2.36 on 15 September 2020. The Polish market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 12% over the same period.Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 16% share price gain to zł2.28, the stock is trading at a trailing P/E ratio of 7.2x, up from the previous P/E ratio of 6.2x. This compares to an average P/E of 12x in the IT industry in Poland. Total returns to shareholders over the past three years are 88%.분석 기사 • Dec 03We're Not Counting On VARSAV Game Studios (WSE:VAR) To Sustain Its Statutory ProfitabilityIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...Valuation Update With 7 Day Price Move • Nov 13Market bids up stock over the past weekAfter last week's 22% share price gain to zł2.25, the stock is trading at a trailing P/E ratio of 21.6x, up from the previous P/E ratio of 17.7x. This compares to an average P/E of 14x in the IT industry in Poland. Total returns to shareholders over the past three years are 92%.Valuation Update With 7 Day Price Move • Oct 30Market pulls back on stock over the past weekAfter last week's 15% share price decline to zł1.78, the stock is trading at a trailing P/E ratio of 17.1x, down from the previous P/E ratio of 20.1x. This compares to an average P/E of 13x in the IT industry in Poland. Total returns to shareholders over the past three years are 42%.Is New 90 Day High Low • Oct 29New 90-day low: zł1.79The company is down 55% from its price of zł4.00 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 7.0% over the same period.Is New 90 Day High Low • Oct 07New 90-day low: zł2.08The company is down 46% from its price of zł3.88 on 09 July 2020. The Polish market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 5.0% over the same period.Is New 90 Day High Low • Sep 22New 90-day low: zł2.14The company is down 40% from its price of zł3.58 on 24 June 2020. The Polish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 VAR 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: VAR 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장VARSAV Game Studios 배당 수익률 vs 시장VAR의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (VAR)n/a시장 하위 25% (PL)2.6%시장 상위 25% (PL)7.2%업계 평균 (IT)3.3%분석가 예측 (VAR) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 VAR 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 VAR 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 VAR 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: VAR 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YPL 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/11 02:10종가2026/05/11 00:00수익2025/09/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스VARSAV Game Studios S.A.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
New Risk • Nov 20New major risk - Revenue and earnings growthEarnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (zł1.4m revenue, or US$385k). Market cap is less than US$10m (zł10.8m market cap, or US$2.94m).
Reported Earnings • Nov 20Third quarter 2025 earnings releasedThird quarter 2025 results: Net loss: zł34.9k (down 111% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공지 • Nov 13VARSAV Game Studios S.A. to Report Q3, 2025 Results on Nov 14, 2025VARSAV Game Studios S.A. announced that they will report Q3, 2025 results on Nov 14, 2025
New Risk • Oct 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$1m (zł1.2m revenue, or US$336k). Market cap is less than US$10m (zł13.1m market cap, or US$3.58m). Minor Risk Large one-off items impacting financial results.
New Risk • Jul 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (zł1.2m revenue, or US$326k). Market cap is less than US$10m (zł9.26m market cap, or US$2.54m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results.
공지 • Jul 11VARSAV Game Studios S.A., Annual General Meeting, Aug 04, 2025VARSAV Game Studios S.A., Annual General Meeting, Aug 04, 2025, at 12:00 Central European Standard Time.
Reported Earnings • May 19First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: zł168.2k (down 62% from 1Q 2024). Net loss: zł513.5k (down 292% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
New Risk • Mar 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (zł1.5m revenue, or US$381k). Market cap is less than US$10m (zł11.1m market cap, or US$2.88m).
Reported Earnings • Feb 20Full year 2024 earnings releasedFull year 2024 results: Revenue: zł1.47m (up 18% from FY 2023). Net income: zł1.10m (up zł6.48m from FY 2023). Profit margin: 75% (up from net loss in FY 2023).
Reported Earnings • Aug 20Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: zł191.6k (up 18% from 2Q 2023). Net loss: zł409.3k (down 187% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings.
New Risk • Aug 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (zł1.5m revenue, or US$387k). Market cap is less than US$10m (zł13.6m market cap, or US$3.50m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding).
공지 • Jun 18VARSAV Game Studios S.A., Annual General Meeting, Jul 16, 2024VARSAV Game Studios S.A., Annual General Meeting, Jul 16, 2024.
Reported Earnings • May 20First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: zł443.3k (up 152% from 1Q 2023). Net income: zł267.1k (up zł537.6k from 1Q 2023). Profit margin: 60% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 28% per year.
New Risk • Mar 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (24% accrual ratio). Revenue is less than US$1m (zł1.2m revenue, or US$312k). Market cap is less than US$10m (zł14.0m market cap, or US$3.52m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding).
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: zł0.007 (vs zł0.13 loss in FY 2022)Full year 2023 results: EPS: zł0.007 (up from zł0.13 loss in FY 2022). Revenue: zł1.24m (up 23% from FY 2022). Net income: zł136.6k (up zł2.64m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
공지 • Feb 03VARSAV Game Studios S.A. to Report Fiscal Year 2023 Results on May 31, 2024VARSAV Game Studios S.A. announced that they will report fiscal year 2023 results on May 31, 2024
공지 • Feb 02+ 2 more updatesVARSAV Game Studios S.A. to Report Q3, 2024 Results on Nov 14, 2024VARSAV Game Studios S.A. announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Nov 19Third quarter 2023 earnings releasedThird quarter 2023 results: Net loss: zł144.7k (down 174% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 18Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: zł162.0k (up 22% from 2Q 2022). Net income: zł471.2k (up zł1.56m from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
공지 • Jun 22VARSAV Game Studios S.A., Annual General Meeting, Jul 17, 2023VARSAV Game Studios S.A., Annual General Meeting, Jul 17, 2023, at 12:00 Central European Standard Time.
Reported Earnings • May 21First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: zł175.9k (down 43% from 1Q 2022). Net loss: zł270.4k (loss narrowed 78% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
Reported Earnings • Feb 19Full year 2022 earnings released: zł0.12 loss per share (vs zł0.093 loss in FY 2021)Full year 2022 results: zł0.12 loss per share (further deteriorated from zł0.093 loss in FY 2021). Revenue: zł1.01m (up 17% from FY 2021). Net loss: zł2.35m (loss widened 26% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance.
공지 • Jan 31+ 3 more updatesVARSAV Game Studios S.A. to Report Fiscal Year 2022 Final Results on May 31, 2023VARSAV Game Studios S.A. announced that they will report fiscal year 2022 final results on May 31, 2023
Valuation Update With 7 Day Price Move • Nov 02Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł1.64, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the IT industry in Poland. Total loss to shareholders of 57% over the past three years.
Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improved over the past weekAfter last week's 23% share price gain to zł2.07, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 16x in the IT industry in Poland. Total returns to shareholders of 8.9% over the past three years.
Reported Earnings • Feb 17Full year 2020 earnings released: EPS zł0.10 (vs zł0.12 in FY 2019)Full year 2020 results: Net income: zł2.06m (down 11% from FY 2019). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 20% share price gain to zł2.15, the stock is trading at a trailing P/E ratio of 6.8x, up from the previous P/E ratio of 5.7x. This compares to an average P/E of 14x in the IT industry in Poland. Total returns to shareholders over the past three years are 105%.
Is New 90 Day High Low • Feb 01New 90-day low: zł1.83The company is down 6.0% from its price of zł1.94 on 03 November 2020. The Polish market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 4.0% over the same period.
Valuation Update With 7 Day Price Move • Dec 21Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to zł2.12, the stock is trading at a trailing P/E ratio of 6.7x, down from the previous P/E ratio of 8.1x. This compares to an average P/E of 12x in the IT industry in Poland. Total returns to shareholders over the past three years are 133%.
Is New 90 Day High Low • Dec 14New 90-day high: zł2.57The company is up 9.0% from its price of zł2.36 on 15 September 2020. The Polish market is also up 9.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 12% over the same period.
Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 16% share price gain to zł2.28, the stock is trading at a trailing P/E ratio of 7.2x, up from the previous P/E ratio of 6.2x. This compares to an average P/E of 12x in the IT industry in Poland. Total returns to shareholders over the past three years are 88%.
분석 기사 • Dec 03We're Not Counting On VARSAV Game Studios (WSE:VAR) To Sustain Its Statutory ProfitabilityIt might be old fashioned, but we really like to invest in companies that make a profit, each and every year. However...
Valuation Update With 7 Day Price Move • Nov 13Market bids up stock over the past weekAfter last week's 22% share price gain to zł2.25, the stock is trading at a trailing P/E ratio of 21.6x, up from the previous P/E ratio of 17.7x. This compares to an average P/E of 14x in the IT industry in Poland. Total returns to shareholders over the past three years are 92%.
Valuation Update With 7 Day Price Move • Oct 30Market pulls back on stock over the past weekAfter last week's 15% share price decline to zł1.78, the stock is trading at a trailing P/E ratio of 17.1x, down from the previous P/E ratio of 20.1x. This compares to an average P/E of 13x in the IT industry in Poland. Total returns to shareholders over the past three years are 42%.
Is New 90 Day High Low • Oct 29New 90-day low: zł1.79The company is down 55% from its price of zł4.00 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 7.0% over the same period.
Is New 90 Day High Low • Oct 07New 90-day low: zł2.08The company is down 46% from its price of zł3.88 on 09 July 2020. The Polish market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Sep 22New 90-day low: zł2.14The company is down 40% from its price of zł3.58 on 24 June 2020. The Polish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period.