Ten Square Games S.A.

WSE:TEN Stock Report

Market Cap: zł649.0m

Ten Square Games Past Earnings Performance

Past criteria checks 2/6

Ten Square Games's earnings have been declining at an average annual rate of -22.6%, while the Entertainment industry saw earnings declining at 5.9% annually. Revenues have been declining at an average rate of 13.9% per year. Ten Square Games's return on equity is 26.5%, and it has net margins of 17.3%.

Key information

-22.55%

Earnings growth rate

-19.19%

EPS growth rate

Entertainment Industry Growth16.07%
Revenue growth rate-13.86%
Return on equity26.50%
Net Margin17.34%
Next Earnings Update24 Aug 2026

Recent past performance updates

Analysis Article May 26

We Like The Quality Of Ten Square Games' (WSE:TEN) Earnings

Investors signalled that they were pleased with Ten Square Games S.A.'s ( WSE:TEN ) most recent earnings report...

Recent updates

Narrative Update Aug 13

TEN: Higher Margins And Conservative P/E Assumptions Will Drive Upside

Analysts have trimmed their price target for Ten Square Games from PLN 150 to PLN 130, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and a lower future P/E multiple. What’s in the News for Ten Square Games No recent company specific news for Ten Square Games has been identified in the available primary sources as of 13 August 2026.
Narrative Update Jul 10

TEN: Higher Fair Value And Margins Will Support A Stronger Outlook

Analysts have lifted their price target for Ten Square Games from PLN 92.01 to PLN 107.32, reflecting revised assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News for Ten Square Games No recent news items for Ten Square Games were identified in the provided sources, so investors may need to rely on company filings, official announcements, or direct disclosures for the latest updates.
Narrative Update Jun 26

TEN: Higher Margins And Lower Discount Rate Will Drive Upside

Analysts have lifted their price target on Ten Square Games to PLN 150.00 from PLN 112.00, citing updated assumptions that include a slightly lower discount rate, a revised revenue growth outlook, higher projected profit margins and a modestly higher future P/E multiple. What’s in the News for Ten Square Games No recent company specific news for Ten Square Games was identified in the provided sources.
Analysis Article Jan 23

Ten Square Games S.A. (WSE:TEN) Surges 26% Yet Its Low P/E Is No Reason For Excitement

The Ten Square Games S.A. ( WSE:TEN ) share price has done very well over the last month, posting an excellent gain of...
Analysis Article Jun 19

Ten Square Games S.A.'s (WSE:TEN) Intrinsic Value Is Potentially 29% Above Its Share Price

Key Insights The projected fair value for Ten Square Games is zł108 based on 2 Stage Free Cash Flow to Equity Ten...
Analysis Article May 26

We Like The Quality Of Ten Square Games' (WSE:TEN) Earnings

Investors signalled that they were pleased with Ten Square Games S.A.'s ( WSE:TEN ) most recent earnings report...
Analysis Article Mar 26

Ten Square Games S.A. (WSE:TEN) Could Be Riskier Than It Looks

With a median price-to-earnings (or "P/E") ratio of close to 13x in Poland, you could be forgiven for feeling...
Analysis Article Nov 20

Ten Square Games' (WSE:TEN) Earnings Offer More Than Meets The Eye

The stock was sluggish on the back of Ten Square Games S.A.'s ( WSE:TEN ) recent earnings report. We have done some...
Analysis Article Aug 30

The Market Doesn't Like What It Sees From Ten Square Games S.A.'s (WSE:TEN) Revenues Yet

Ten Square Games S.A.'s ( WSE:TEN ) price-to-sales (or "P/S") ratio of 1.1x might make it look like a strong buy right...
Analysis Article Jun 17

Estimating The Intrinsic Value Of Ten Square Games S.A. (WSE:TEN)

Key Insights Ten Square Games' estimated fair value is zł110 based on 2 Stage Free Cash Flow to Equity Ten Square...
Analysis Article Nov 22

Is There An Opportunity With Ten Square Games S.A.'s (WSE:TEN) 29% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Ten Square Games S.A. ( WSE:TEN ) by projecting...
Analysis Article Jan 20

Ten Square Games S.A.'s (WSE:TEN) Intrinsic Value Is Potentially 79% Above Its Share Price

Does the January share price for Ten Square Games S.A. ( WSE:TEN ) reflect what it's really worth? Today, we will...
Analysis Article Sep 07

Calculating The Fair Value Of Ten Square Games S.A. (WSE:TEN)

Today we will run through one way of estimating the intrinsic value of Ten Square Games S.A. ( WSE:TEN ) by taking the...
Analysis Article Apr 01

Calculating The Fair Value Of Ten Square Games S.A. (WSE:TEN)

In this article we are going to estimate the intrinsic value of Ten Square Games S.A. ( WSE:TEN ) by taking the...
Analysis Article Feb 25

Should You Be Adding Ten Square Games (WSE:TEN) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Jan 28

Could The Market Be Wrong About Ten Square Games S.A. (WSE:TEN) Given Its Attractive Financial Prospects?

It is hard to get excited after looking at Ten Square Games' (WSE:TEN) recent performance, when its stock has declined...
Analysis Article Dec 30

Is Ten Square Games S.A.'s (WSE:TEN) Shareholder Ownership Skewed Towards Insiders?

The big shareholder groups in Ten Square Games S.A. ( WSE:TEN ) have power over the company. Large companies usually...

Revenue & Expenses Breakdown

How Ten Square Games makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

WSE:TEN Revenue, expenses and earnings (PLN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26364632280
31 Dec 25362772120
30 Sep 25366802090
30 Jun 25369752190
31 Mar 25383772320
31 Dec 24386672420
30 Sep 24400512380
30 Jun 24412602490
31 Mar 24419462570
31 Dec 23436152710
30 Sep 2345892860
30 Jun 2348662900
31 Mar 23505133100
31 Dec 22538523450
30 Sep 22554903330
30 Jun 22570963390
31 Mar 226101143690
31 Dec 216341413730
30 Sep 216211434030
30 Jun 216531774120
31 Mar 216571694360
31 Dec 205781523800
30 Sep 205221553320
30 Jun 204111142690
31 Mar 202911011650
31 Dec 19241761440
30 Sep 19204551280
30 Jun 19172471050
31 Mar 1914642880
31 Dec 1811536630
30 Sep 188426450
30 Jun 185518270
31 Mar 183612150
31 Dec 17278100
31 Dec 1617390
31 Dec 15182100

Quality Earnings: TEN has high quality earnings.

Growing Profit Margin: TEN's current net profit margins (17.3%) are lower than last year (20%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: TEN's earnings have declined by 22.6% per year over the past 5 years.

Accelerating Growth: TEN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TEN had negative earnings growth (-17.7%) over the past year, making it difficult to compare to the Entertainment industry average (-5.2%).


Return on Equity

High ROE: TEN's Return on Equity (26.5%) is considered high.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/21 12:53
End of Day Share Price 2026/08/21 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Ten Square Games S.A. is covered by 12 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Piotr PoniatowskiBiuro maklerskie mBanku
Beata Szparaga-WasniewskaBiuro maklerskie mBanku
Tomasz SokolowskiErste Bank Polska S.A.