3R Games SA
3R Games S.A. engages in production and distribution of games based on virtual reality technology and game development in Poland. It also publishes activities in the field of computer games. The company was formerly known as HubStyle S.A. and changed its name to 3R Games S.A. in December 2020. 3R Games S.A. was incorporated in 2010 and is headquartered in Warsaw, Poland.
3R Games SA (3RG) - Net Assets
Latest net assets as of September 2025: zł19.85 Million PLN
Based on the latest financial reports, 3R Games SA (3RG) has net assets worth zł19.85 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 (zł20.39 Million) and total liabilities (zł539.00K). 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 | zł19.85 Million |
| % of Total Assets | 97.36% |
| Annual Growth Rate | 11.22% |
| 5-Year Change | 21.45% |
| 10-Year Change | 20.07% |
| Growth Volatility | 125.79 |
3R Games SA - Net Assets Trend (2010–2024)
This chart illustrates how 3R Games SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 3R Games SA (2010–2024)
The table below shows the annual net assets of 3R Games SA from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł18.03 Million | +0.38% |
| 2023-12-31 | zł17.96 Million | +13.76% |
| 2022-12-31 | zł15.79 Million | +13.34% |
| 2021-12-31 | zł13.93 Million | -6.16% |
| 2020-12-31 | zł14.84 Million | +413.69% |
| 2019-12-31 | zł-4.73 Million | -416.10% |
| 2018-12-31 | zł1.50 Million | -73.12% |
| 2017-12-31 | zł5.57 Million | -65.70% |
| 2016-12-31 | zł16.24 Million | +8.17% |
| 2015-12-31 | zł15.02 Million | -0.75% |
| 2014-12-31 | zł15.13 Million | -8.76% |
| 2013-12-31 | zł16.58 Million | -3.81% |
| 2012-12-31 | zł17.24 Million | +161.74% |
| 2011-12-31 | zł6.59 Million | +61.86% |
| 2010-12-31 | zł4.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 3R Games SA'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 decreased by 143.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | zł7.92 Million | 43.95% |
| Other Comprehensive Income | zł10.10 Million | 56.05% |
| Other Components | zł626.00K | 3.47% |
| Total Equity | zł18.03 Million | 100.00% |
3R Games SA Competitors by Market Cap
The table below lists competitors of 3R Games SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cathay Pacific Airways Limited
BE:CTY
|
$5.39 Million |
|
Prasidha Aneka Niaga Tbk
JK:PSDN
|
$5.39 Million |
|
Nocopi Technologies Inc
OTCQB:NNUP
|
$5.39 Million |
|
Tainwala Chemical and Plastic (I) Limited
NSE:TAINWALCHM
|
$5.39 Million |
|
Superbag Company Limited
PINK:SUPBF
|
$5.38 Million |
|
Intouch Insight Ltd
OTCQX:INXSF
|
$5.38 Million |
|
Cosigo Resources Ltd.
V:CSG
|
$5.38 Million |
|
Huadi International Group Co Ltd
NASDAQ:HUDI
|
$5.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 3R Games SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,960,000 to 18,028,000, a change of 68,000 (0.4%).
- Net loss of 626,000 reduced equity.
- New share issuances of 360,000 increased equity.
- Other comprehensive income increased equity by 4,248,000.
- Other factors decreased equity by 3,914,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-626.00K | -3.47% |
| Share Issuances | zł360.00K | +2.0% |
| Other Comprehensive Income | zł4.25 Million | +23.56% |
| Other Changes | zł-3.91 Million | -21.71% |
| Total Change | zł- | 0.38% |
Book Value vs Market Value Analysis
This analysis compares 3R Games SA'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: 3.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.01x to 3.03x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | zł0.69 | zł0.70 | x |
| 2011-12-31 | zł1.09 | zł0.70 | x |
| 2012-12-31 | zł2.33 | zł0.70 | x |
| 2013-12-31 | zł2.14 | zł0.70 | x |
| 2014-12-31 | zł1.98 | zł0.70 | x |
| 2015-12-31 | zł1.04 | zł0.70 | x |
| 2016-12-31 | zł0.85 | zł0.70 | x |
| 2017-12-31 | zł0.29 | zł0.70 | x |
| 2018-12-31 | zł0.06 | zł0.70 | x |
| 2019-12-31 | zł-0.14 | zł0.70 | x |
| 2020-12-31 | zł0.20 | zł0.70 | x |
| 2021-12-31 | zł0.19 | zł0.70 | x |
| 2022-12-31 | zł0.21 | zł0.70 | x |
| 2023-12-31 | zł0.24 | zł0.70 | x |
| 2024-12-31 | zł0.23 | zł0.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 3R Games SA 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): -3.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.92%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.02x
- Recent ROE (-3.47%) is above the historical average (-61.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 37.72% | 27.95% | 1.11x | 1.22x | zł1.13 Million |
| 2011 | 31.73% | 25.61% | 1.03x | 1.20x | zł1.43 Million |
| 2012 | -44.95% | -73.40% | 0.53x | 1.16x | zł-9.46 Million |
| 2013 | -1.24% | -1.72% | 0.62x | 1.16x | zł-1.86 Million |
| 2014 | -9.21% | -12.73% | 0.63x | 1.15x | zł-2.91 Million |
| 2015 | -61.18% | -67.20% | 0.76x | 1.20x | zł-10.65 Million |
| 2016 | 2.56% | 1.92% | 0.98x | 1.35x | zł-1.20 Million |
| 2017 | -225.64% | -68.19% | 1.52x | 2.17x | zł-12.86 Million |
| 2018 | -609.06% | -106.15% | 1.81x | 3.17x | zł-9.22 Million |
| 2019 | 0.00% | -64.51% | 1.07x | 0.00x | zł-5.76 Million |
| 2020 | -36.30% | -17383.87% | 0.00x | 1.14x | zł-6.87 Million |
| 2021 | -6.56% | -1088.10% | 0.00x | 1.23x | zł-2.31 Million |
| 2022 | 5.09% | 19.52% | 0.24x | 1.07x | zł-775.80K |
| 2023 | 3.41% | 17.13% | 0.20x | 1.02x | zł-1.18 Million |
| 2024 | -3.47% | -25.92% | 0.13x | 1.02x | zł-2.43 Million |
Industry Comparison
This section compares 3R Games SA's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $54,243,619
- Average return on equity (ROE) among peers: 20.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 3R Games SA (3RG) | zł19.85 Million | 37.72% | 0.03x | $5.38 Million |
| Answear.com S.A. (ANR) | $54.24 Million | 20.05% | 2.82x | $17.38 Million |