Games Operators SA (GOP) - Net Assets
Based on the latest financial reports, Games Operators SA (GOP) has net assets worth zł28.89 Million PLN (≈ $7.95 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł32.54 Million ≈ $8.96 Million USD) and total liabilities (zł3.65 Million ≈ $1.01 Million USD). 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. Check Games Operators SA tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł28.89 Million |
| % of Total Assets | 88.78% |
| Annual Growth Rate | N/A |
| 5-Year Change | 43.1% |
| 10-Year Change | N/A |
| Growth Volatility | 93.16 |
Games Operators SA - Net Assets Trend (2016–2025)
This chart illustrates how Games Operators SA's net assets have evolved over time, based on quarterly financial data. See how many days can Games Operators SA fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Games Operators SA (2016–2025)
The table below shows the annual net assets of Games Operators SA from 2016 to 2025. For live valuation and market cap data, see GOP market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł27.25 Million ≈ $7.50 Million |
-7.14% |
| 2024-12-31 | zł29.35 Million ≈ $8.08 Million |
+68.09% |
| 2023-12-31 | zł17.46 Million ≈ $4.81 Million |
-12.74% |
| 2022-12-31 | zł20.01 Million ≈ $5.51 Million |
+5.06% |
| 2021-12-31 | zł19.05 Million ≈ $5.24 Million |
+7.71% |
| 2020-12-31 | zł17.68 Million ≈ $4.87 Million |
+65.38% |
| 2019-12-31 | zł10.69 Million ≈ $2.94 Million |
+125.05% |
| 2018-12-31 | zł4.75 Million ≈ $1.31 Million |
+283.45% |
| 2017-12-31 | zł1.24 Million ≈ $340.99K |
+24880.00% |
| 2016-12-31 | zł-5.00K ≈ $-1.38K |
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Equity Component Analysis
This analysis shows how different components contribute to Games Operators 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 grown by 1905900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł19.05 Million | 69.89% |
| Other Components | zł8.21 Million | 30.11% |
| Total Equity | zł27.25 Million | 100.00% |
Games Operators SA Competitors by Market Cap
The table below lists competitors of Games Operators SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Poolia AB (publ)
ST:POOL-B
|
$22.25 Million |
|
Performance Shipping Inc
NASDAQ:PSHG
|
$22.25 Million |
|
OPG POWER VENTURES PLC
F:OPB
|
$22.25 Million |
|
Kim Teck Cheong Consolidated Bhd
KLSE:0180
|
$22.25 Million |
|
Stria Lithium Inc
V:SRA
|
$22.24 Million |
|
Pelayaran Nasional Bina Buana Raya
JK:BBRM
|
$22.22 Million |
|
Hansol Homedec
KO:025750
|
$22.22 Million |
|
CodeMill AB
ST:CDMIL
|
$22.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Games Operators SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 29,349,000 to 27,254,000, a change of -2,095,000 (-7.1%).
- Net income of 3,464,000 contributed positively to equity growth.
- Dividend payments of 5,499,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,583,000.
- Other factors increased equity by 2,523,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł3.46 Million | +12.71% |
| Dividends Paid | zł5.50 Million | -20.18% |
| Other Comprehensive Income | zł-2.58 Million | -9.48% |
| Other Changes | zł2.52 Million | +9.26% |
| Total Change | zł- | -7.14% |
Book Value vs Market Value Analysis
This analysis compares Games Operators 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: 2.97x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | zł0.00 | zł14.70 | x |
| 2017-12-31 | zł0.25 | zł14.70 | x |
| 2018-12-31 | zł0.95 | zł14.70 | x |
| 2019-12-31 | zł2.00 | zł14.70 | x |
| 2020-12-31 | zł3.35 | zł14.70 | x |
| 2021-12-31 | zł3.51 | zł14.70 | x |
| 2022-12-31 | zł3.64 | zł14.70 | x |
| 2023-12-31 | zł3.23 | zł14.70 | x |
| 2024-12-31 | zł5.34 | zł14.70 | x |
| 2025-12-31 | zł4.96 | zł14.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Games Operators 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): 12.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.38%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.15x
- Recent ROE (12.71%) is below the historical average (26.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | zł-9.50K |
| 2017 | 60.45% | 80.80% | 0.65x | 1.15x | zł625.10K |
| 2018 | 73.92% | 82.65% | 0.88x | 1.01x | zł3.04 Million |
| 2019 | 39.57% | 64.65% | 0.60x | 1.02x | zł3.16 Million |
| 2020 | 0.23% | 0.50% | 0.43x | 1.03x | zł-1.73 Million |
| 2021 | 12.96% | 24.10% | 0.50x | 1.08x | zł563.50K |
| 2022 | 16.70% | 55.73% | 0.26x | 1.14x | zł1.34 Million |
| 2023 | 4.30% | 15.84% | 0.20x | 1.34x | zł-995.00K |
| 2024 | 44.44% | 45.05% | 0.86x | 1.14x | zł10.11 Million |
| 2025 | 12.71% | 23.38% | 0.47x | 1.15x | zł738.60K |
Industry Comparison
This section compares Games Operators SA's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $57,638,128
- Average return on equity (ROE) among peers: 4113.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Games Operators SA (GOP) | zł28.89 Million | 0.00% | 0.13x | $22.25 Million |
| 11 bit studios S.A (11B) | $42.13 Million | 30.69% | 0.08x | $92.40 Million |
| All In! Games S.A. (ALG) | $17.44 Million | 18.66% | 1.94x | $14.90 Million |
| Artifex Mundi SA (ART) | $21.16 Million | -64.74% | 0.32x | $71.32 Million |
| BoomBit S.A (BBT) | $66.82 Million | 18.75% | 0.35x | $22.86 Million |
| CD PROJEKT SA (CDR) | $123.81 Million | 19.35% | 0.50x | $6.13 Billion |
| CI Games SA (CIG) | $80.55K | 36889.02% | 0.22x | $153.27 Million |
| Creepy Jar SA (CRJ) | $107.32 Million | 14.81% | 0.04x | $97.78 Million |
| Gaming Factory S.A. (GIF) | $7.43 Million | 37.22% | 0.02x | $7.91 Million |
| Huuuge Inc. (HUG) | $132.55 Million | 55.14% | 0.17x | $238.81 Million |
About Games Operators SA
Games Operators S.A., a publishing company, invests, releases, and promotes video games. The company also engages in the production and sale of games and applications for PCs, Macs, and mobile platforms with iOS and Android operating systems, as well as for gaming consoles such as PlayStation, Xbox, and Nintendo Switch. The company was incorporated in 2019 and is based in Warsaw, Poland.