Ten Square Games SA (TEN) AI Stock Analysis

• Market Cap: zł552.40M
• Dividend Yield: 18.06%
• Average Volume (3M): 14.10K
• Price to Earnings (P/E): 6.9
• Beta (1Y): 0.51
• Revenue Growth: -10.29%
• EPS Growth: 28.76%
• Country: PL
• Employees: 217
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 2.80
• Shares Outstanding: 6,476,000
• 10 Day Avg. Volume: 18,784
• 30 Day Avg. Volume: 14,098
• PEG Ratio: 0.02
• Price to Book (P/B): 2.04
• Price to Sales (P/S): 1.29
• P/FCF Ratio: 4.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 48.58
• Revenue Forecast (FY): zł1.31B

• Rating: 76 Outperform
• Price Target: zł95.00 ▲(3.71% Upside)

Ten Square Games SA receives a strong overall score driven by its attractive valuation and solid technical indicators. While financial performance shows strong profitability, challenges with declining revenue and cash flow growth need addressing. The absence of earnings call data and corporate events does not impact the score.

Ten Square Games SA Business Overview & Revenue Model

Company Description

Ten Square Games SA (TEN) is a Polish mobile game development company renowned for creating engaging free-to-play games, primarily in the casual gaming sector. Founded in 2011, the company specializes in developing simulation and adventure games that appeal to a broad audience. Its core products include popular titles such as Fishing Clash and Let’s Fish, which integrate social features and competitive elements, enhancing player engagement and retention.

How the Company Makes Money

Ten Square Games generates revenue primarily through in-game purchases and microtransactions within its titles. Players can buy virtual goods, upgrades, and other enhancements that enhance their gaming experience. Additionally, the company monetizes its games through advertising, including rewarded ads that incentivize players to view ads in exchange for in-game currency or items. Strategic partnerships with advertising networks and other platforms also contribute to its revenue, allowing for targeted marketing and promotions that boost player acquisition and engagement. Furthermore, the company may benefit from seasonal events and promotions that drive spikes in user spending, contributing to its overall earnings.

Ten Square Games SA Financial Statement Overview

Summary

Ten Square Games SA demonstrates strong profitability with high gross profit margins and a solid balance sheet with low leverage. However, challenges include declining revenue and free cash flow growth, which could impact future financial health.

Income Statement

Ten Square Games SA shows strong gross profit margins consistently above 80%, indicating efficient cost management. However, the company faces challenges with declining revenue growth, showing negative growth rates in recent periods. Net profit margins have decreased from over 26% in 2020 to around 20% in the TTM, reflecting pressure on profitability.

Balance Sheet

The company maintains a low debt-to-equity ratio, indicating prudent financial leverage. Return on equity remains robust, although it has decreased from over 40% in 2021 to around 32% in the TTM, suggesting reduced profitability. The equity ratio is healthy, reflecting a strong capital structure.

Cash Flow

Operating cash flow remains strong relative to net income, indicating good cash generation capabilities. However, free cash flow growth has been negative in recent periods, which could impact future investment capacity. The free cash flow to net income ratio is close to 1, showing efficient conversion of earnings to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	365.83M	386.45M	436.08M	538.56M	634.05M	578.19M
Gross Profit	305.11M	320.13M	363.36M	468.46M	580.11M	552.76M
EBITDA	105.84M	94.06M	43.43M	82.29M	172.62M	174.26M
Net Income	79.84M	67.08M	15.21M	51.60M	141.26M	151.60M
Balance Sheet
Total Assets	358.27M	416.85M	458.10M	520.71M	520.28M	323.68M
Cash, Cash Equivalents and Short-Term Investments	107.47M	143.77M	162.83M	126.59M	139.55M	236.61M
Total Debt	6.47M	7.95M	5.02M	9.22M	12.68M	8.19M
Total Liabilities	146.77M	173.59M	167.09M	178.24M	169.23M	85.63M
Stockholders Equity	211.50M	243.26M	291.01M	342.47M	351.05M	238.05M
Cash Flow
Free Cash Flow	103.57M	109.61M	110.77M	98.32M	176.02M	189.92M
Operating Cash Flow	109.89M	113.88M	121.51M	137.95M	200.40M	193.71M
Investing Cash Flow	-20.49M	-17.60M	-26.57M	-55.50M	-222.00M	-4.60M
Financing Cash Flow	-103.34M	-117.06M	-58.44M	-95.22M	-75.07M	-28.24M

Ten Square Games SA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 91.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:TEN, the sentiment is Positive. The current price of 91.6 is above the 20-day moving average (MA) of 88.04, above the 50-day MA of 89.79, and above the 200-day MA of 84.09, indicating a neutral trend. The MACD of -1.16 indicates Positive momentum. The RSI at 46.59 is Neutral, neither overbought nor oversold. The STOCH value of 53.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PL:TEN.

Ten Square Games SA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TEN	76 Outperform	zł552.40M	6.93	36.49%	18.06%	-10.29%	28.76%
11B	63 Neutral	zł342.03M	-18.31	-6.95%	―	186.70%	―
BLO	63 Neutral	zł477.80M	9.45	35.96%	―	―	―
CRJ	63 Neutral	zł283.24M	16.51	16.12%	2.81%	-6.86%	55.35%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
CIG	51 Neutral	zł480.88M	-62.38	-4.82%	―	-77.36%	-99.33%