WSE:TEN

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Ten Square Games

Market Cap

zł4.0b

Last Updated

2021/08/02 22:58 UTC

Data Sources

Company Financials +

Executive Summary

Ten Square Games S.A. engages in the mobile games development business worldwide. More Details


Snowflake Analysis

Flawless balance sheet with solid 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 is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TEN's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

5.7%

TEN

-2.0%

PL Entertainment

1.2%

PL Market


1 Year Return

-0.2%

TEN

-46.9%

PL Entertainment

28.2%

PL Market

Return vs Industry: TEN exceeded the Polish Entertainment industry which returned -44.1% over the past year.

Return vs Market: TEN underperformed the Polish Market which returned 30.8% over the past year.


Shareholder returns

TENIndustryMarket
7 Day5.7%-2.0%1.2%
30 Day13.3%-4.6%0.3%
90 Day35.5%3.0%8.5%
1 Year1.9%-0.2%-45.6%-46.9%30.7%28.2%
3 Year487.6%455.1%15.9%12.0%14.1%8.0%
5 Yearn/a327.9%308.9%30.8%18.4%

Long-Term 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

Valuation

Is Ten Square Games undervalued compared to its fair value and its price relative to the market?

18.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TEN (PLN554) is trading below our estimate of fair value (PLN677.64)

Significantly Below Fair Value: TEN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TEN is good value based on its PE Ratio (23.8x) compared to the Polish Entertainment industry average (29.2x).

PE vs Market: TEN is poor value based on its PE Ratio (23.8x) compared to the Polish market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: TEN is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: TEN is overvalued based on its PB Ratio (13.3x) compared to the PL Entertainment industry average (6.4x).


Future Growth

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

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TEN's forecast earnings growth (6.4% per year) is above the savings rate (2.6%).

Earnings vs Market: TEN's earnings (6.4% per year) are forecast to grow slower than the Polish market (15.6% per year).

High Growth Earnings: TEN's earnings are forecast to grow, but not significantly.

Revenue vs Market: TEN's revenue (14.9% per year) is forecast to grow faster than the Polish market (7.9% per year).

High Growth Revenue: TEN's revenue (14.9% 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 (60.1%).


Past Performance

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

64.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TEN has high quality earnings.

Growing Profit Margin: TEN's current net profit margins (25.7%) are lower than last year (34.9%).


Past Earnings Growth Analysis

Earnings Trend: TEN's earnings have grown significantly by 64.9% per year over the past 5 years.

Accelerating Growth: TEN's earnings growth over the past year (66.7%) exceeds its 5-year average (64.9% per year).

Earnings vs Industry: TEN earnings growth over the past year (66.7%) exceeded the Entertainment industry 44%.


Return on Equity

High ROE: TEN's Return on Equity (55.9%) is considered outstanding.


Financial Health

How is Ten Square Games's financial position?


Financial Position Analysis

Short Term Liabilities: TEN's short term assets (PLN367.6M) exceed its short term liabilities (PLN76.9M).

Long Term Liabilities: TEN's short term assets (PLN367.6M) exceed its long term liabilities (PLN7.4M).


Debt to Equity History and Analysis

Debt Level: TEN is debt free.

Reducing Debt: TEN had no debt 5 years ago.

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


Dividend

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

1.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TEN's dividend (1.81%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.05%).

High Dividend: TEN's dividend (1.81%) is low compared to the top 25% of dividend payers in the Polish market (5.92%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TEN has been paying a dividend for less than 10 years.

Growing Dividend: TEN's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43%), 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 (72.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Maciej Zuzalek

1.25yrs

Tenure

Mr. Maciej Zuzalek has been President of the Management Board and Chief Executive Officer at Ten Square Games S.A. since May 2020. He served as Chairman of the Supervisory Board at Ten Square Games S.A unt...


Leadership Team

Experienced Management: TEN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


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: zł4.026b
  • Shares outstanding: 7.27m
  • Website: https://www.tensquaregames.com

Number of Employees


Location

  • Ten Square Games S.A.
  • ul. Traugutta 45
  • Wroclaw
  • 50-416
  • Poland

Listings


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,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/02 22:58
End of Day Share Price2021/08/02 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.