WSE:11B

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11 bit studios

Executive Summary

11 bit studios S.A. develops and sells cross-platform video games worldwide. More Details


Snowflake Analysis

Undervalued with high growth potential.

Share Price & News

How has 11 bit studios's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 11B is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 11B's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.7%

11B

-1.3%

PL Entertainment

2.6%

PL Market


1 Year Return

38.5%

11B

56.1%

PL Entertainment

-5.9%

PL Market

Return vs Industry: 11B underperformed the Polish Entertainment industry which returned 56.1% over the past year.

Return vs Market: 11B exceeded the Polish Market which returned -5.9% over the past year.


Shareholder returns

11BIndustryMarket
7 Day-2.7%-1.3%2.6%
30 Day5.1%-2.4%8.6%
90 Day-2.3%-14.3%1.6%
1 Year38.5%38.5%56.3%56.1%-5.1%-5.9%
3 Year176.7%176.7%250.3%246.7%-14.9%-20.2%
5 Year620.1%620.1%982.6%946.8%5.2%-6.6%

Long-Term Price Volatility Vs. Market

How volatile is 11 bit studios's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 11 bit studios undervalued compared to its fair value and its price relative to the market?

22.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 11B (PLN482.5) is trading below our estimate of fair value (PLN622.05)

Significantly Below Fair Value: 11B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 11B is good value based on its PE Ratio (24.5x) compared to the PL Entertainment industry average (35.4x).

PE vs Market: 11B is poor value based on its PE Ratio (24.5x) compared to the Polish market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: 11B is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 11B is good value based on its PB Ratio (7.1x) compared to the PL Entertainment industry average (8.6x).


Next Steps

Future Growth

How is 11 bit studios forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

37.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 11B's forecast earnings growth (37.3% per year) is above the savings rate (2.9%).

Earnings vs Market: 11B's earnings (37.3% per year) are forecast to grow faster than the Polish market (18.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 11B's revenue (30.7% per year) is forecast to grow faster than the Polish market (7% per year).

High Growth Revenue: 11B's revenue (30.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 11B's Return on Equity is forecast to be low in 3 years time (16.5%).


Next Steps

Past Performance

How has 11 bit studios performed over the past 5 years?

29.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 11B has a high level of non-cash earnings.

Growing Profit Margin: 11B's current net profit margins (50.4%) are higher than last year (24.5%).


Past Earnings Growth Analysis

Earnings Trend: 11B's earnings have grown significantly by 29.7% per year over the past 5 years.

Accelerating Growth: 11B's earnings growth over the past year (157.7%) exceeds its 5-year average (29.7% per year).

Earnings vs Industry: 11B earnings growth over the past year (157.7%) exceeded the Entertainment industry 85.8%.


Return on Equity

High ROE: 11B's Return on Equity (28.5%) is considered high.


Next Steps

Financial Health

How is 11 bit studios's financial position?


Financial Position Analysis

Short Term Liabilities: 11B's short term assets (PLN122.3M) exceed its short term liabilities (PLN17.4M).

Long Term Liabilities: 11B's short term assets (PLN122.3M) exceed its long term liabilities (PLN10.9M).


Debt to Equity History and Analysis

Debt Level: 11B's debt to equity ratio (7.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 11B's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 11B's debt is well covered by operating cash flow (428.3%).

Interest Coverage: 11B earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is 11 bit studios's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 11B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 11B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 11B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 11B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 11B's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average board tenure


CEO

Grzegorz Miechowski

no data

Tenure

zł771,368

Compensation

Mr. Grzegorz Miechowski serves as the President of the Management Board of 11 Bit Studios S.A., and served as its Chief Executive Officer. Mr. Miechowski served as a Team Leader and Chief Executive Officer...


CEO Compensation Analysis

Compensation vs Market: Grzegorz's total compensation ($USD205.70K) is about average for companies of similar size in the Polish market ($USD218.32K).

Compensation vs Earnings: Grzegorz's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Piotr Wierzbicki
Independent Member of the Supervisory Board1.5yrszł12.05kno data
Radoslaw Marter
Independent Member of the Supervisory Boardno datazł19.80kno data
Wojciech Ozimek
Chairman of Supervisory Board1.5yrszł40.51kno data
Jacek Czykiel
Independent Vice Chairman of the Supervisory Boardno datazł34.88kno data
Marcin Kuciapski
Independent Member of the Supervisory Board1.5yrszł12.05k0.023%
PLN 258.0k

1.5yrs

Average Tenure

Experienced Board: 11B's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Company Information

11 bit studios S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 11 bit studios S.A.
  • Ticker: 11B
  • Exchange: WSE
  • Founded: 2009
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: zł1.107b
  • Shares outstanding: 2.36m
  • Website: https://www.11bitstudios.com

Number of Employees


Location

  • 11 bit studios S.A.
  • Brzeska 2
  • Warsaw
  • 03-737
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
11BWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNJan 2011
11CBST (Boerse-Stuttgart)YesCommon Bearer SharesDEEURJan 2011
0RE0LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNJan 2011
11CDB (Deutsche Boerse AG)YesCommon Bearer SharesDEEURJan 2011

Biography

11 bit studios S.A. develops and sells cross-platform video games worldwide. The company sells its video games through specialized Internet platforms. 11 bit studios S.A. was founded in 2009 and is based i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 18:14
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.