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Ten Square Games

WSE:TEN
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TEN
WSE
PLN894M
Market Cap
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Last updated 2019/06/26 04:06
Company description

Ten Square Games S.A. engages in the mobile games development business worldwide. The last earnings update was 35 days ago. More info.

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TEN Share Price and Events
7 Day Returns
7.1%
WSE:TEN
-0.9%
PL Entertainment
-0.4%
PL Market
1 Year Returns
64.7%
WSE:TEN
17.9%
PL Entertainment
1.9%
PL Market
TEN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ten Square Games (TEN) 7.1% -7.1% 21.8% 64.7% - -
PL Entertainment -0.9% -6.5% 3% 17.9% 438.3% 852.3%
PL Market -0.4% 3.4% -2% 1.9% 16.5% -5.5%
1 Year Return vs Industry and Market
  • TEN outperformed the Entertainment industry which returned 17.9% over the past year.
  • TEN outperformed the Market in Poland which returned 1.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Ten Square Games undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ten Square Games to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ten Square Games.

WSE:TEN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:TEN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.934 (1 + (1- 19%) (0%)) 		0.956
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.956 * 7.14%) 		9.68%

Discounted Cash Flow Calculation for WSE:TEN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ten Square Games is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:TEN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 9.68%)
2019 53.85 Analyst x2 49.10
2020 55.23 Analyst x3 45.92
2021 61.10 Analyst x3 46.31
2022 67.10 Analyst x3 46.38
2023 77.30 Analyst x2 48.71
2024 83.96 Est @ 8.61% 48.24
2025 89.74 Est @ 6.88% 47.01
2026 94.83 Est @ 5.67% 45.30
2027 99.41 Est @ 4.83% 43.30
2028 103.62 Est @ 4.23% 41.15
Present value of next 10 years cash flows PLN461.41
WSE:TEN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN103.62 × (1 + 2.85%) ÷ (9.68% – 2.85%) 		PLN1,561.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN1,561.40 ÷ (1 + 9.68%)10 		PLN620.05
WSE:TEN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN461.41 + PLN620.05 		PLN1,081.46
Equity Value per Share
(PLN)		 = Total value / Shares Outstanding
= PLN1,081.46 / 7.23 		PLN149.68
WSE:TEN Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN149.68
Current discount Discount to share price of PLN123.80
= -1 x (PLN123.80 - PLN149.68) / PLN149.68 		17.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ten Square Games is available for.
Intrinsic value
17%
Share price is PLN123.8 vs Future cash flow value of PLN149.68
Current Discount Checks
For Ten Square Games to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ten Square Games's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Ten Square Games's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ten Square Games's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ten Square Games's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:TEN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN5.75
WSE:TEN Share Price ** WSE (2019-06-25) in PLN PLN123.8
Poland Entertainment Industry PE Ratio Median Figure of 20 Publicly-Listed Entertainment Companies 21.5x
Poland Market PE Ratio Median Figure of 454 Publicly-Listed Companies 10.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ten Square Games.

WSE:TEN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:TEN Share Price ÷ EPS (both in PLN)

= 123.8 ÷ 5.75

 21.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ten Square Games is overvalued based on earnings compared to the PL Entertainment industry average.
  • Ten Square Games is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does Ten Square Games's expected growth come at a high price?
Raw Data
WSE:TEN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts		 14.6%per year
Europe Entertainment Industry PEG Ratio Median Figure of 31 Publicly-Listed Entertainment Companies 1.62x
Poland Market PEG Ratio Median Figure of 108 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

WSE:TEN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.52x ÷ 14.6%

 1.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ten Square Games is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ten Square Games's assets?
Raw Data
WSE:TEN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN7.27
WSE:TEN Share Price * WSE (2019-06-25) in PLN PLN123.8
Poland Entertainment Industry PB Ratio Median Figure of 34 Publicly-Listed Entertainment Companies 3.58x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.97x
WSE:TEN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:TEN Share Price ÷ Book Value per Share (both in PLN)

= 123.8 ÷ 7.27

 17.02x

* Primary Listing of Ten Square Games.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ten Square Games is overvalued based on assets compared to the PL Entertainment industry average.
X
Value checks
We assess Ten Square Games's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
    5. Ten Square Games has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ten Square Games expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ten Square Games expected to grow at an attractive rate?
  • Ten Square Games's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • Ten Square Games's earnings growth is expected to exceed the Poland market average.
  • Ten Square Games's revenue growth is expected to exceed the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:TEN Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:TEN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 14.6%
WSE:TEN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 16.3%
Poland Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 33.1%
Europe Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:TEN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:TEN Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 318 94 1
2021-12-31 239 64 69 4
2020-12-31 203 58 62 4
2019-12-31 185 55 55 5
WSE:TEN Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 146 50 42
2018-12-31 115 41 36
2018-09-30 84 27 26
2018-06-30 55 17 18
2018-03-31 36 10 12
2017-12-31 27 8 8
2016-12-31 17 3 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ten Square Games's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Ten Square Games's revenue is expected to grow by 16.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:TEN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Ten Square Games Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:TEN Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 9.23 11.68 7.52 3.00
2020-12-31 8.40 10.35 7.40 3.00
2019-12-31 7.66 8.00 7.42 3.00
WSE:TEN Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 5.75
2018-12-31 5.01
2018-09-30 3.58
2018-06-30 2.48
2018-03-31 1.64
2017-12-31 1.17
2016-12-31 0.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ten Square Games is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
Show me more growth companies in the Entertainment industry
X
Future performance checks
We assess Ten Square Games's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ten Square Games has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ten Square Games performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ten Square Games's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ten Square Games has delivered over 20% year on year earnings growth in the past 5 years.
  • Ten Square Games's 1-year earnings growth exceeds its 5-year average (253.3% vs 63.9%)
  • Ten Square Games's earnings growth has exceeded the PL Entertainment industry average in the past year (253.3% vs 98.1%).
Earnings and Revenue History
Ten Square Games's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ten Square Games Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:TEN Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 146.16 41.83 87.62
2018-12-31 115.26 36.47 62.99
2018-09-30 83.72 26.00 44.55
2018-06-30 55.08 17.96 26.57
2018-03-31 36.26 11.84 15.11
2017-12-31 27.03 8.41 10.32
2016-12-31 17.36 3.30 8.92
2015-12-31 17.82 2.12 9.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ten Square Games made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Ten Square Games used its assets more efficiently than the PL Entertainment industry average last year based on Return on Assets.
  • Ten Square Games has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Entertainment industry
X
Past performance checks
We assess Ten Square Games's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ten Square Games has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ten Square Games's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ten Square Games's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ten Square Games is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ten Square Games's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ten Square Games's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Ten Square Games has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ten Square Games Company Filings, last reported 2 months ago.

WSE:TEN Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 52.54 0.00 50.89
2018-12-31 42.08 0.00 39.75
2018-09-30 28.32 0.00 22.34
2018-06-30 18.03 0.00 12.73
2018-03-31 10.44 0.00 9.82
2017-12-31 11.69 0.00 6.57
2016-12-31 5.45 0.00 2.16
2015-12-31 4.87 0.00 3.03
  • Ten Square Games has no debt.
  • Ten Square Games has not taken on any debt in the past 5 years.
  • Ten Square Games has no debt, it does not need to be covered by operating cash flow.
  • Ten Square Games has no debt, therefore coverage of interest payments is not a concern.
Show me more healthy companies in the Entertainment industry
X
Financial health checks
We assess Ten Square Games's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Ten Square Games has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ten Square Games's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ten Square Games dividends. Estimated to be 4.49% next year.
If you bought PLN2,000 of Ten Square Games shares you are expected to receive PLN0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ten Square Games's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ten Square Games's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:TEN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 2.1%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:TEN Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 8.71 1.00
2021-12-31 6.35 4.00
2020-12-31 5.75 5.00
2019-12-31 3.75 4.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ten Square Games has not reported any payouts.
  • Unable to verify if Ten Square Games's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ten Square Games's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ten Square Games has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Ten Square Games's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ten Square Games afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Ten Square Games has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ten Square Games's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Maciej Popowicz
CEO Bio

Mr. Maciej Popowicz has been President of the Management Board at Ten Square Games S.A. since 2011. Mr. Popowicz serves as President of the Management Boards at Tiny Dragon Adventure Games Sp. z .o.o and Play Cool Zombie Sport Games Sp. z o.o. Mr. Popowicz Graduated from University of Wroclaw, faculty of Information Technology.

CEO Compensation
  • Insufficient data for Maciej to compare compensation growth.
  • Insufficient data for Maciej to establish whether their remuneration is reasonable compared to companies of similar size in Poland.
Management Team

Maciej Popowicz

TITLE
President of the Management Board

Arkadiusz Pernal

TITLE
Vice President of the Management Board
TENURE
8.4 yrs

Magdalena Jurewicz

TITLE
CFO & Member of the Management Board
Board of Directors

Maciej Zuzalek

TITLE
Chairman of the Supervisory Board

Rafal Olesinski

TITLE
Vice Chairman of the Supervisory Board

Marcin Chruszczynski

TITLE
Member of the Supervisory Board

Maciej Marszalek

TITLE
Member of the Supervisory Board

Tomasz Drozdzynski

TITLE
Member of the Supervisory Board

Wiktor Schmidt

TITLE
Member of the Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Ten Square Games's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Ten Square Games has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Ten Square Games SA (WSE:TEN) Delivered A Better ROE Than The Industry, Here’s Why

and want to begin learning the link between company’s fundamentals and stock market performance. … With an ROE of 113.43%, Ten Square Games SA (WSE:TEN) outpaced its own industry which delivered a less exciting 16.26% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden.

Simply Wall St - –

Should You Be Tempted To Sell Ten Square Games SA (WSE:TEN) At Its Current PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Ten Square Games SA (WSE:TEN)’s fundamentals and stock market performance. … While this makes TEN appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St - –

Does Ten Square Games SA.'s (WSE:TEN) PE Ratio Signal A Selling Opportunity?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for TEN Price per share = PLN77.99 Earnings per share = PLN1.166 ∴ Price-Earnings Ratio = PLN77.99 ÷ PLN1.166 = 66.9x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since TEN's P/E of 66.9x is higher than its industry peers (26.3x), it means that investors are paying more than they should for each dollar of TEN's earnings.

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Company Info

Description

Ten Square Games S.A. engages in the mobile games development business worldwide. It offers free-to-play games through social platforms and a network of partner sites, as well as on Google Play, App Store, and Microsoft Store. The company was founded in 2011 and is based in Wroclaw, Poland.

Details
Name: Ten Square Games S.A.
TEN
Exchange: WSE
Founded: 2011
PLN894,455,000
7,225,000
Website: http://www.tensquaregames.com
Address: Ten Square Games S.A.
ul. Dlugosza 60,
Wroclaw,
51-162,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE TEN Share Capital Warsaw Stock Exchange PL PLN 11. May 2018
BST 1HQ Share Capital Boerse-Stuttgart DE EUR 11. May 2018
Number of employees
Current staff
Staff numbers
0
Ten Square Games employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 04:06
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/05/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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