11 bit studios S.A
11 bit studios S.A. engages in the production of multiplatform video games worldwide. It also publishes games created by external developers. The company was incorporated in 2009 and is headquartered in Warsaw, Poland.
11 bit studios S.A (11B) - Net Assets
Latest net assets as of September 2025: zł251.45 Million PLN
Based on the latest financial reports, 11 bit studios S.A (11B) has net assets worth zł251.45 Million PLN as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł282.02 Million) and total liabilities (zł30.57 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł251.45 Million |
| % of Total Assets | 89.16% |
| Annual Growth Rate | 44.98% |
| 5-Year Change | 39.64% |
| 10-Year Change | 701.77% |
| Growth Volatility | 49.18 |
11 bit studios S.A - Net Assets Trend (2010–2024)
This chart illustrates how 11 bit studios S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 11 bit studios S.A (2010–2024)
The table below shows the annual net assets of 11 bit studios S.A from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł229.92 Million | +1.26% |
| 2023-12-31 | zł227.07 Million | +1.12% |
| 2022-12-31 | zł224.54 Million | +13.79% |
| 2021-12-31 | zł197.34 Million | +19.85% |
| 2020-12-31 | zł164.65 Million | +37.50% |
| 2019-12-31 | zł119.74 Million | +33.18% |
| 2018-12-31 | zł89.91 Million | +94.52% |
| 2017-12-31 | zł46.22 Million | +9.73% |
| 2016-12-31 | zł42.13 Million | +46.90% |
| 2015-12-31 | zł28.68 Million | +68.64% |
| 2014-12-31 | zł17.00 Million | +114.65% |
| 2013-12-31 | zł7.92 Million | +14.58% |
| 2012-12-31 | zł6.91 Million | +169.97% |
| 2011-12-31 | zł2.56 Million | +101.94% |
| 2010-12-31 | zł1.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 11 bit studios S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 713034953.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł6.90 Million | 3.00% |
| Common Stock | zł241.72K | 0.11% |
| Other Comprehensive Income | zł204.54 Million | 88.96% |
| Other Components | zł18.23 Million | 7.93% |
| Total Equity | zł229.92 Million | 100.00% |
11 bit studios S.A Competitors by Market Cap
The table below lists competitors of 11 bit studios S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loihde Oyj
HE:LOIHDE
|
$66.80 Million |
|
DAEYANG ELECTRIC.Co.Ltd
KQ:108380
|
$66.81 Million |
|
BF Utilities Limited
NSE:BFUTILITIE
|
$66.81 Million |
|
Song Ba JSC
VN:SBA
|
$66.84 Million |
|
Investigator Resources Ltd
AU:IVR
|
$66.77 Million |
|
ABC Taiwan Electronics
TWO:3236
|
$66.77 Million |
|
Sirca Paints India Limited
NSE:SIRCA
|
$66.77 Million |
|
Quercus TFI SA
WAR:QRS
|
$66.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 11 bit studios S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 227,065,033 to 229,918,534, a change of 2,853,501 (1.3%).
- Net income of 6,899,150 contributed positively to equity growth.
- Other comprehensive income increased equity by 204,544,954.
- Other factors decreased equity by 208,590,603.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł6.90 Million | +3.0% |
| Other Comprehensive Income | zł204.54 Million | +88.96% |
| Other Changes | zł-208.59 Million | -90.72% |
| Total Change | zł- | 1.26% |
Book Value vs Market Value Analysis
This analysis compares 11 bit studios S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 203.13x to 1.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | zł0.68 | zł137.70 | x |
| 2011-12-31 | zł1.37 | zł137.70 | x |
| 2012-12-31 | zł3.12 | zł137.70 | x |
| 2013-12-31 | zł3.57 | zł137.70 | x |
| 2014-12-31 | zł7.67 | zł137.70 | x |
| 2015-12-31 | zł12.71 | zł137.70 | x |
| 2016-12-31 | zł18.42 | zł137.70 | x |
| 2017-12-31 | zł19.86 | zł137.70 | x |
| 2018-12-31 | zł37.20 | zł137.70 | x |
| 2019-12-31 | zł49.54 | zł137.70 | x |
| 2020-12-31 | zł68.91 | zł137.70 | x |
| 2021-12-31 | zł81.97 | zł137.70 | x |
| 2022-12-31 | zł93.46 | zł137.70 | x |
| 2023-12-31 | zł94.26 | zł137.70 | x |
| 2024-12-31 | zł95.12 | zł137.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 11 bit studios S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.91%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.15x
- Recent ROE (3.00%) is below the historical average (20.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -18.23% | -48.77% | 0.35x | 1.07x | zł-358.02K |
| 2011 | 50.48% | 42.32% | 1.02x | 1.17x | zł1.04 Million |
| 2012 | 19.45% | 28.04% | 0.65x | 1.06x | zł653.31K |
| 2013 | 12.73% | 17.66% | 0.66x | 1.10x | zł216.14K |
| 2014 | 54.31% | 52.24% | 0.82x | 1.27x | zł7.54 Million |
| 2015 | 40.33% | 49.92% | 0.71x | 1.14x | zł8.70 Million |
| 2016 | 30.69% | 47.86% | 0.59x | 1.08x | zł8.72 Million |
| 2017 | 7.70% | 18.54% | 0.39x | 1.05x | zł-1.06 Million |
| 2018 | 41.76% | 45.73% | 0.75x | 1.22x | zł28.56 Million |
| 2019 | 18.13% | 30.48% | 0.46x | 1.30x | zł9.74 Million |
| 2020 | 22.69% | 42.90% | 0.47x | 1.13x | zł20.90 Million |
| 2021 | 14.54% | 40.91% | 0.32x | 1.11x | zł8.95 Million |
| 2022 | 10.19% | 30.85% | 0.30x | 1.09x | zł435.45K |
| 2023 | 0.23% | 1.01% | 0.20x | 1.14x | zł-22.18 Million |
| 2024 | 3.00% | 4.91% | 0.53x | 1.15x | zł-16.09 Million |
Industry Comparison
This section compares 11 bit studios S.A's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $45,140,602
- Average return on equity (ROE) among peers: 12.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 11 bit studios S.A (11B) | zł251.45 Million | -18.23% | 0.12x | $66.79 Million |
| All In! Games S.A. (ALG) | $-55.00K | 0.00% | 0.00x | $9.90 Million |
| Artifex Mundi SA (ART) | $107.90 Million | 25.40% | 0.24x | $28.67 Million |
| BoomBit S.A (BBT) | $73.91 Million | 6.81% | 0.65x | $3.20 Million |
| Big Cheese Studio S.A. (BCS) | $20.78 Million | 60.09% | 0.10x | $5.92 Million |
| Bloober Team SA (BLO) | $95.87 Million | 2.70% | 0.43x | $71.71 Million |
| CI Games SA (CIG) | $83.64 Million | -19.42% | 0.41x | $75.00 Million |
| Creepy Jar SA (CRJ) | $2.37 Million | -26.79% | 0.19x | $74.92 Million |
| Drago entertainment S.A. (DGE) | $14.42 Million | 25.22% | 0.18x | $1.91 Million |
| Gaming Factory S.A. (GIF) | $7.43 Million | 37.22% | 0.02x | $3.79 Million |