How does AAS's PB Ratio compare to its peers?

AAS is expensive based on its Price-To-Book Ratio (20.5x) compared to the peer average (3.1x).

How does AAS's PB Ratio compare vs other companies in the PL Entertainment Industry?

AAS is expensive based on its Price-To-Book Ratio (20.5x) compared to the Polish Entertainment industry average (1.8x).

What is AAS's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate AAS's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of AAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AAS (PLN16) is trading above our estimate of [[fair value]] (PLN3.19)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

AAS Stock Overview

Through its subsidiaries, publishes internet games on various platforms. More details

AAS fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Earnings have declined by 6.9% per year over past 5 years

Does not have a meaningful market cap (PLN23M)

Makes less than USD$1m in revenue (PLN0)

Highly volatile share price over the past 3 months compared to the Polish market

My Notes

Capture your thoughts, links and company narrative

Arts Alliance S.A. Competitors

True Games Syndicate

WSE:TGS

zł8.4m

United Label Spólka Akcyjna

WSE:UNL

zł23.0m

Vivid Games

WSE:VVD

zł19.0m

W.G Partners

WSE:WGP

zł71.6m

Price History & Performance

Summary of share price highs, lows and changes for Arts Alliance
Historical stock prices
Current Share Price	zł16.00
52 Week High	zł29.00
52 Week Low	zł8.60
Beta	1.5
1 Month Change	60.00%
3 Month Change	45.45%
1 Year Change	-4.76%
3 Year Change	14.29%
5 Year Change	-62.44%
Change since IPO	255.56%

Recent updates

Shareholder Returns

	AAS	PL Entertainment	PL Market
7D	-33.3%	-1.2%	-0.2%
1Y	-4.8%	13.4%	-4.9%

Return vs Industry: AAS underperformed the Polish Entertainment industry which returned 13.4% over the past year.

Return vs Market: AAS matched the Polish Market which returned -4.9% over the past year.

Price Volatility

Is AAS's price volatile compared to industry and market?
AAS volatility
AAS Average Weekly Movement	24.2%
Entertainment Industry Average Movement	6.1%
Market Average Movement	4.9%
10% most volatile stocks in PL Market	8.7%
10% least volatile stocks in PL Market	3.1%

Stable Share Price: AAS's share price has been volatile over the past 3 months compared to the Polish market.

Volatility Over Time: Insufficient data to determine AAS's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2011	1	Andrzej Zajac	artsalliance.pl

Arts Alliance S.A., through its subsidiaries, publishes internet games on various platforms. The company offers software and consultancy services in the field of information technology (IT) and related activities; and management consultancy services. The company was formerly known as Arts Alliance GK S.A. and changed its name to Arts Alliance S.A. in July 2019.

Arts Alliance S.A. Fundamentals Summary

How do Arts Alliance's earnings and revenue compare to its market cap?
AAS fundamental statistics
Market cap	zł23.14m
Earnings (TTM)	-zł1.16m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-19.9x

P/E Ratio

Is AAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AAS income statement (TTM)
Revenue	zł0
Cost of Revenue	zł419.00k
Gross Profit	-zł419.00k
Other Expenses	zł741.00k
Earnings	-zł1.16m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.80
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	135.0%

How did AAS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 14:01
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Arts Alliance S.A. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution