Executive Summary
11 bit studios S.A. develops and sells cross-platform video games worldwide. More Details
Snowflake Analysis
High growth potential with excellent balance sheet.
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 not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 11B's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-6.1%
11B
-0.4%
PL Entertainment
-0.09%
PL Market
1 Year Return
6.0%
11B
-41.3%
PL Entertainment
45.3%
PL Market
Return vs Industry: 11B exceeded the Polish Entertainment industry which returned -41.3% over the past year.
Return vs Market: 11B underperformed the Polish Market which returned 45.3% over the past year.
Shareholder returns
| 11B | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.1% | -0.4% | -0.09% |
| 30 Day | -10.1% | -12.9% | 1.7% |
| 90 Day | -16.2% | -30.5% | 5.7% |
| 1 Year | 6.0%6.0% | -41.1%-41.3% | 47.0%45.3% |
| 3 Year | 1.2%1.2% | 44.2%42.7% | 8.6%2.3% |
| 5 Year | 559.9%559.9% | 394.1%380.5% | 32.2%17.8% |
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
1 week ago | Simply Wall St
Declining Stock and Solid Fundamentals: Is The Market Wrong About 11 bit studios S.A. (WSE:11B)?3 weeks ago | Simply Wall St
The 11 bit studios (WSE:11B) Share Price Is Up 651% And Shareholders Are Delighted1 month ago | Simply Wall St
Does 11 bit studios (WSE:11B) Deserve A Spot On Your Watchlist?Valuation
Is 11 bit studios undervalued compared to its fair value and its price relative to the market?
30.19x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 11B (PLN487) is trading above our estimate of fair value (PLN286.24)
Significantly Below Fair Value: 11B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 11B is good value based on its PE Ratio (30.2x) compared to the Polish Entertainment industry average (30.8x).
PE vs Market: 11B is poor value based on its PE Ratio (30.2x) compared to the Polish market (15.7x).
Price to Earnings Growth Ratio
PEG Ratio: 11B is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 11B is good value based on its PB Ratio (7x) compared to the PL Entertainment industry average (7.7x).
Future Growth
How is 11 bit studios forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
28.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 11B's forecast earnings growth (28.2% per year) is above the savings rate (2.6%).
Earnings vs Market: 11B's earnings (28.2% per year) are forecast to grow faster than the Polish market (17.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 11B's revenue (24.2% per year) is forecast to grow faster than the Polish market (5.7% per year).
High Growth Revenue: 11B's revenue (24.2% 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 (16.9%).
Past Performance
How has 11 bit studios performed over the past 5 years?
33.0%
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 (42.9%) are higher than last year (33.4%).
Past Earnings Growth Analysis
Earnings Trend: 11B's earnings have grown significantly by 33% per year over the past 5 years.
Accelerating Growth: 11B's earnings growth over the past year (56.9%) exceeds its 5-year average (33% per year).
Earnings vs Industry: 11B earnings growth over the past year (56.9%) underperformed the Entertainment industry 88.1%.
Return on Equity
High ROE: 11B's Return on Equity (22.7%) is considered high.
Financial Health
How is 11 bit studios's financial position?
Financial Position Analysis
Short Term Liabilities: 11B's short term assets (PLN115.9M) exceed its short term liabilities (PLN11.2M).
Long Term Liabilities: 11B's short term assets (PLN115.9M) exceed its long term liabilities (PLN10.5M).
Debt to Equity History and Analysis
Debt Level: 11B's debt to equity ratio (6.6%) 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 (346.9%).
Interest Coverage: 11B's interest payments on its debt are well covered by EBIT (326x coverage).
Balance Sheet
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?
1.0yrs
Average board tenure
CEO
Przemyslaw Marszal
0.50
Tenure
zł770,396
Compensation
Mr. Przemyslaw Piotr Marszal serves as Member of the Management Board at 11 Bit Studios S.A., and Serves as President of the Management board since November 2020 and served as its an Art Director. Mr. Mars...
CEO Compensation Analysis
Compensation vs Market: Przemyslaw's total compensation ($USD206.31K) is below average for companies of similar size in the Polish market ($USD336.30K).
Compensation vs Earnings: Przemyslaw's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: 11B's board of directors are not considered experienced ( 1 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 3.3%.
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: zł1.151b
- 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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/16 17:34 |
| End of Day Share Price | 2021/05/14 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.