Executive Summary
Ten Square Games S.A. engages in the mobile games development business worldwide.
Snowflake Analysis
Flawless balance sheet with proven track record.
Share Price & News
How has Ten Square Games's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TEN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.6%
TEN
5.0%
PL Entertainment
-0.5%
PL Market
1 Year Return
216.6%
TEN
83.2%
PL Entertainment
-8.4%
PL Market
Return vs Industry: TEN exceeded the Polish Entertainment industry which returned 83.2% over the past year.
Return vs Market: TEN exceeded the Polish Market which returned -8.4% over the past year.
Shareholder returns
| TEN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.6% | 5.0% | -0.5% |
| 30 Day | 8.5% | 17.7% | -1.9% |
| 90 Day | 54.5% | 31.2% | 1.0% |
| 1 Year | 225.8%216.6% | 84.5%83.2% | -5.6%-8.4% |
| 3 Year | n/a | 279.0%270.7% | -6.9%-13.5% |
| 5 Year | n/a | 1237.4%1184.5% | 2.3%-10.5% |
Price Volatility Vs. Market
How volatile is Ten Square Games's share price compared to the market and industry in the last 5 years?
Simply Wall St News
15 hours ago | Simply Wall St
Is Now The Time To Put Ten Square Games (WSE:TEN) On Your Watchlist?3 weeks ago | Simply Wall St
What Is Ten Square Games's (WSE:TEN) P/E Ratio After Its Share Price Rocketed?2 months ago | Simply Wall St
Do Directors Own Ten Square Games S.A. (WSE:TEN) Shares?Valuation
Is Ten Square Games undervalued compared to its fair value and its price relative to the market?
35.86x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TEN (PLN273.5) is trading above our estimate of fair value (PLN172.5)
Significantly Below Fair Value: TEN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TEN is good value based on its PE Ratio (35.9x) compared to the Entertainment industry average (37.9x).
PE vs Market: TEN is poor value based on its PE Ratio (35.9x) compared to the Polish market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: TEN is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: TEN is overvalued based on its PB Ratio (34.7x) compared to the PL Entertainment industry average (7.8x).
Next Steps
Future Growth
How is Ten Square Games forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
12.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TEN's forecast earnings growth (12.6% per year) is above the savings rate (2%).
Earnings vs Market: TEN's earnings (12.6% per year) are forecast to grow faster than the Polish market (11.4% per year).
High Growth Earnings: TEN's earnings are forecast to grow, but not significantly.
Revenue vs Market: TEN's revenue (12% per year) is forecast to grow faster than the Polish market (6.2% per year).
High Growth Revenue: TEN's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TEN's Return on Equity is forecast to be very high in 3 years time (64.3%).
Next Steps
Past Performance
How has Ten Square Games performed over the past 5 years?
59.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TEN has a high level of non-cash earnings.
Growing Profit Margin: TEN's current net profit margins (27%) are lower than last year (31%).
Past Earnings Growth Analysis
Earnings Trend: TEN's earnings have grown significantly by 59.2% per year over the past 5 years.
Accelerating Growth: TEN's earnings growth over the past year (112.6%) exceeds its 5-year average (59.2% per year).
Earnings vs Industry: TEN earnings growth over the past year (112.6%) exceeded the Entertainment industry 65.4%.
Return on Equity
High ROE: TEN's Return on Equity (96.9%) is considered outstanding.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Ten Square Games's financial position?
Financial Position Analysis
Short Term Liabilities: TEN's short term assets (PLN71.0M) exceed its short term liabilities (PLN18.4M).
Long Term Liabilities: TEN's short term assets (PLN71.0M) exceed its long term liabilities (PLN750.7K).
Debt to Equity History and Analysis
Debt Level: TEN is debt free.
Reducing Debt: TEN has not had any debt for past 5 years.
Debt Coverage: TEN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TEN has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: TEN has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if TEN's debt is covered by short term assets.
Next Steps
Dividend
What is Ten Square Games's current dividend yield, its reliability and sustainability?
1.38%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TEN's dividend (1.38%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.38%).
High Dividend: TEN's dividend (1.38%) is low compared to the top 25% of dividend payers in the Polish market (6.61%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether TEN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if TEN's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.6%), TEN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TEN's dividends in 3 years are forecast to be covered by earnings (69.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Maciej Popowicz 0
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 ...
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Ten Square Games S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ten Square Games S.A.
- Ticker: TEN
- Exchange: WSE
- Founded: 2011
- Industry: Interactive Home Entertainment
- Sector: Media
- Market Cap: zł1.980b
- Shares outstanding: 7.24m
- Website: https://www.tensquaregames.com
Location
- Ten Square Games S.A.
- ul. Dlugosza 60
- Wroclaw
- 51-162
- Poland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TEN | WSE (Warsaw Stock Exchange) | Yes | Share Capital | PL | PLN | May 2018 |
| 1HQ | BST (Boerse-Stuttgart) | Yes | Share Capital | DE | EUR | May 2018 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 23:35 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.