TEN SQUARE GAMES SA
Ten Square Games S.A. engages in providing mobile games worldwide. The company offers Fishing Clash, a 3D fishing simulator; Hunting Clash, a 3D hunting simulator; Let's Fish; and Wild Hunt. It also offers its games through the platforms, and network of partner sites, as well as on Google Play, App Store, and the Huawei and Microsoft Stores. Ten Square Games S.A. was founded in 2011 and is based … Read more
TEN SQUARE GAMES SA (TEN) - Net Assets
Latest net assets as of September 2025: zł211.50 Million PLN
Based on the latest financial reports, TEN SQUARE GAMES SA (TEN) has net assets worth zł211.50 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 (zł358.27 Million) and total liabilities (zł146.77 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 | zł211.50 Million |
| % of Total Assets | 59.03% |
| Annual Growth Rate | 53.55% |
| 5-Year Change | 2.19% |
| 10-Year Change | N/A |
| Growth Volatility | 88.81 |
TEN SQUARE GAMES SA - Net Assets Trend (2015–2024)
This chart illustrates how TEN SQUARE 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 TEN SQUARE GAMES SA (2015–2024)
The table below shows the annual net assets of TEN SQUARE GAMES SA from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł243.26 Million | -16.41% |
| 2023-12-31 | zł291.01 Million | -15.02% |
| 2022-12-31 | zł342.47 Million | -2.45% |
| 2021-12-31 | zł351.05 Million | +47.47% |
| 2020-12-31 | zł238.05 Million | +158.34% |
| 2019-12-31 | zł92.14 Million | +118.95% |
| 2018-12-31 | zł42.08 Million | +260.02% |
| 2017-12-31 | zł11.69 Million | +102.79% |
| 2016-12-31 | zł5.76 Million | +12.56% |
| 2015-12-31 | zł5.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TEN SQUARE 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 grown by 4357.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł169.37 Million | 69.62% |
| Common Stock | zł647.60K | 0.27% |
| Other Comprehensive Income | zł88.53 Million | 36.39% |
| Total Equity | zł243.26 Million | 100.00% |
TEN SQUARE GAMES SA Competitors by Market Cap
The table below lists competitors of TEN SQUARE GAMES SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BANK OG TIANJIN H YC1
F:B95
|
$156.12 Million |
|
Ameritrust Corp
PINK:ATCC
|
$156.13 Million |
|
Anteris Technologies Global Corp. Common Stock
NASDAQ:AVR
|
$156.14 Million |
|
Sonda S.A
SN:SONDA
|
$156.17 Million |
|
Vysarn Ltd
AU:VYS
|
$156.06 Million |
|
Wuxi Delinhai Environmental Technology Co Ltd
SHG:688069
|
$156.01 Million |
|
Yeahka Limited
PINK:YHEKF
|
$156.00 Million |
|
WW International, Inc. Common Stock
NASDAQ:WW
|
$155.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TEN SQUARE GAMES SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 291,010,934 to 243,263,256, a change of -47,747,678 (-16.4%).
- Net income of 67,077,028 contributed positively to equity growth.
- Share repurchases of 114,589,920 reduced equity.
- New share issuances of 3,406 increased equity.
- Other comprehensive income increased equity by 1,089,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł67.08 Million | +27.57% |
| Share Repurchases | zł114.59 Million | -47.11% |
| Share Issuances | zł3.41K | +0.0% |
| Other Comprehensive Income | zł1.09 Million | +0.45% |
| Other Changes | zł-1.33 Million | -0.55% |
| Total Change | zł- | -16.41% |
Book Value vs Market Value Analysis
This analysis compares TEN SQUARE 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: 2.98x
- 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 146.36x to 2.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | zł0.72 | zł104.80 | x |
| 2016-12-31 | zł0.76 | zł104.80 | x |
| 2017-12-31 | zł1.62 | zł104.80 | x |
| 2018-12-31 | zł5.78 | zł104.80 | x |
| 2019-12-31 | zł12.73 | zł104.80 | x |
| 2020-12-31 | zł32.83 | zł104.80 | x |
| 2021-12-31 | zł48.24 | zł104.80 | x |
| 2022-12-31 | zł46.83 | zł104.80 | x |
| 2023-12-31 | zł39.68 | zł104.80 | x |
| 2024-12-31 | zł35.21 | zł104.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TEN SQUARE 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): 27.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.36%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.71x
- Recent ROE (27.57%) is below the historical average (49.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 43.56% | 11.91% | 2.41x | 1.52x | zł1.64 Million |
| 2016 | 60.64% | 19.03% | 2.51x | 1.27x | zł2.76 Million |
| 2017 | 71.96% | 31.12% | 1.86x | 1.25x | zł7.24 Million |
| 2018 | 86.65% | 31.64% | 2.12x | 1.29x | zł32.26 Million |
| 2019 | 82.90% | 31.68% | 2.27x | 1.15x | zł67.17 Million |
| 2020 | 63.68% | 26.22% | 1.79x | 1.36x | zł127.79 Million |
| 2021 | 40.24% | 22.28% | 1.22x | 1.48x | zł106.16 Million |
| 2022 | 15.07% | 9.58% | 1.03x | 1.52x | zł17.35 Million |
| 2023 | 5.23% | 3.49% | 0.95x | 1.57x | zł-13.89 Million |
| 2024 | 27.57% | 17.36% | 0.93x | 1.71x | zł42.75 Million |
Industry Comparison
This section compares TEN SQUARE GAMES 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: $41,418,772
- Average return on equity (ROE) among peers: 12.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TEN SQUARE GAMES SA (TEN) | zł211.50 Million | 43.56% | 0.69x | $156.08 Million |
| 11 bit studios S.A (11B) | $7.92 Million | 12.73% | 0.10x | $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 |