WSE:ARG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Art Games Studio

Executive Summary

Art Games Studio S.A. engages in the production and distribution of desktop games worldwide.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Art Games Studio's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ARG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.9%

ARG

4.5%

PL Entertainment

2.3%

PL Market


1 Year Return

56.0%

ARG

106.6%

PL Entertainment

-7.9%

PL Market

Return vs Industry: ARG underperformed the Polish Entertainment industry which returned 106.4% over the past year.

Return vs Market: ARG exceeded the Polish Market which returned -7.9% over the past year.


Shareholder returns

ARGIndustryMarket
7 Day-1.9%4.5%2.3%
30 Day-22.3%5.3%1.5%
90 Day87.4%22.8%18.0%
1 Year56.0%56.0%106.9%106.6%-6.7%-7.9%
3 Yearn/a357.8%353.1%-18.4%-23.3%
5 Yearn/a1,054.9%1,018.6%-8.1%-18.7%

Price Volatility Vs. Market

How volatile is Art Games Studio's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Art Games Studio undervalued compared to its fair value and its price relative to the market?

10.79x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ARG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ARG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ARG is unprofitable, so we can't compare its PE Ratio to the PL Entertainment industry average.

PE vs Market: ARG is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ARG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ARG is good value based on its PB Ratio (10.8x) compared to the PL Entertainment industry average (11.1x).


Next Steps

Future Growth

How is Art Games Studio forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.5%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Art Games Studio has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Art Games Studio performed over the past 5 years?

-125.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ARG is currently unprofitable.

Growing Profit Margin: ARG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ARG's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare ARG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ARG is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (44.5%).


Return on Equity

High ROE: ARG has a negative Return on Equity (-3.87%), as it is currently unprofitable.


Next Steps

Financial Health

How is Art Games Studio's financial position?


Financial Position Analysis

Short Term Liabilities: ARG's short term assets (PLN2.0M) exceed its short term liabilities (PLN100.4K).

Long Term Liabilities: ARG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ARG is debt free.

Reducing Debt: ARG has not had any debt for past 5 years.

Debt Coverage: ARG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ARG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Art Games Studio current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ARG'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 ARG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ARG'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 ARG'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?

1.6yrs

Average board tenure


CEO

Jakub Bak

no data

Tenure

Mr. Jakub Bak serves as President of the Board at Art Games Studio S.A.


Board Members

NamePositionTenureCompensationOwnership
Grzegorz Czarnecki
Member of the Supervisory Board1.58yrsno datano data
Marcin Kostrzewa
Chairman of the Supervisory Board0.83yrno datano data
Lukasz Bajno
Member of the Supervisory Boardno datano datano data
Mateusz Adamkiewicz
Member of the Supervisory Board1.58yrsno datano data
Wojciech Sypko
Member of the Supervisory Board1.58yrsno datano data

1.6yrs

Average Tenure

Experienced Board: ARG's board of directors are not considered experienced ( 1.6 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 10%.


Top Shareholders

Company Information

Art Games Studio S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Art Games Studio S.A.
  • Ticker: ARG
  • Exchange: WSE
  • Founded: 2017
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: zł22.990m
  • Shares outstanding: 5.50m
  • Website: https://www.art-games.com

Location

  • Art Games Studio S.A.
  • ul. Powazkowska 15
  • Warsaw
  • 01-797
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARGWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNMay 2019
223BST (Boerse-Stuttgart)YesBearer SharesDEEURMay 2019

Biography

Art Games Studio S.A. engages in the production and distribution of desktop games worldwide. The company sells its products through a steam distribution platform. Art Games Studio S.A. was founded in 2017 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 21:17
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
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.