TEN SQUARE GAMES SA (TEN) - Net Assets
Based on the latest financial reports, TEN SQUARE GAMES SA (TEN) has net assets worth zł238.09 Million PLN (≈ $65.53 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 (zł391.73 Million ≈ $107.81 Million USD) and total liabilities (zł153.63 Million ≈ $42.28 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. Also explore total assets of TEN SQUARE GAMES SA for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł238.09 Million |
| % of Total Assets | 60.78% |
| Annual Growth Rate | 45.67% |
| 5-Year Change | -37.23% |
| 10-Year Change | 3722.9% |
| Growth Volatility | 87.89 |
TEN SQUARE GAMES SA - Net Assets Trend (2015–2025)
This chart illustrates how TEN SQUARE GAMES SA's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of TEN SQUARE GAMES SA to evaluate the tangible quality of the company's equity base.
Annual Net Assets for TEN SQUARE GAMES SA (2015–2025)
The table below shows the annual net assets of TEN SQUARE GAMES SA from 2015 to 2025. For live valuation and market cap data, see TEN SQUARE GAMES SA (TEN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł220.37 Million ≈ $60.65 Million |
-9.41% |
| 2024-12-31 | zł243.26 Million ≈ $66.95 Million |
-16.41% |
| 2023-12-31 | zł291.01 Million ≈ $80.09 Million |
-15.02% |
| 2022-12-31 | zł342.47 Million ≈ $94.25 Million |
-2.45% |
| 2021-12-31 | zł351.05 Million ≈ $96.61 Million |
+47.47% |
| 2020-12-31 | zł238.05 Million ≈ $65.51 Million |
+158.34% |
| 2019-12-31 | zł92.14 Million ≈ $25.36 Million |
+118.95% |
| 2018-12-31 | zł42.08 Million ≈ $11.58 Million |
+260.02% |
| 2017-12-31 | zł11.69 Million ≈ $3.22 Million |
+102.79% |
| 2016-12-31 | zł5.76 Million ≈ $1.59 Million |
+12.56% |
| 2015-12-31 | zł5.12 Million ≈ $1.41 Million |
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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 3649.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł142.45 Million | 64.64% |
| Other Components | zł77.92 Million | 35.36% |
| Total Equity | zł220.37 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 |
|---|---|
|
Hoegh LNG Partners LP
OL:HLNG
|
$187.76 Million |
|
Metal Powder Works Ltd
AU:MPW
|
$187.87 Million |
|
Finwise Bancorp
NASDAQ:FINW
|
$187.91 Million |
|
Oceanhawk Acquisition Corp. Class A Ordinary Shares
NASDAQ:OHAC
|
$187.97 Million |
|
Allpark Empreendimentos Participações e Serviços S.A
SA:ALPK3
|
$187.69 Million |
|
Fiducian Group Ltd
AU:FID
|
$187.62 Million |
|
Nexen Corporation
KO:005720
|
$187.62 Million |
|
Newcap Holding A/S
CO:NEWCAP
|
$187.55 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 2024 to 2025, total equity changed from 243,263,256 to 220,367,790, a change of -22,895,466 (-9.4%).
- Net income of 76,963,750 contributed positively to equity growth.
- Dividend payments of 100,040,678 reduced retained earnings.
- New share issuances of 1,515 increased equity.
- Other comprehensive income decreased equity by 88,525,607.
- Other factors increased equity by 88,705,554.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł76.96 Million | +34.93% |
| Dividends Paid | zł100.04 Million | -45.4% |
| Share Issuances | zł1.51K | +0.0% |
| Other Comprehensive Income | zł-88.53 Million | -40.17% |
| Other Changes | zł88.71 Million | +40.25% |
| Total Change | zł- | -9.41% |
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: 3.09x
- 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 decreased from 149.43x to 3.09x 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 | zł107.00 | x |
| 2016-12-31 | zł0.76 | zł107.00 | x |
| 2017-12-31 | zł1.62 | zł107.00 | x |
| 2018-12-31 | zł5.78 | zł107.00 | x |
| 2019-12-31 | zł12.73 | zł107.00 | x |
| 2020-12-31 | zł32.83 | zł107.00 | x |
| 2021-12-31 | zł48.24 | zł107.00 | x |
| 2022-12-31 | zł46.83 | zł107.00 | x |
| 2023-12-31 | zł39.68 | zł107.00 | x |
| 2024-12-31 | zł35.21 | zł107.00 | x |
| 2025-12-31 | zł34.65 | zł107.00 | 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): 34.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.27%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.69x
- Recent ROE (34.93%) is below the historical average (48.40%), 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 |
| 2025 | 34.93% | 21.27% | 0.97x | 1.69x | zł54.93 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: $51,589,914
- Average return on equity (ROE) among peers: 23.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TEN SQUARE GAMES SA (TEN) | zł238.09 Million | 43.56% | 0.65x | $187.72 Million |
| 11 bit studios S.A (11B) | $89.91 Million | 41.76% | 0.22x | $87.81 Million |
| All In! Games S.A. (ALG) | $-243.00K | 0.00% | 0.00x | $15.19 Million |
| Artifex Mundi SA (ART) | $43.34 Million | 29.40% | 0.17x | $67.56 Million |
| BoomBit S.A (BBT) | $10.01 Million | 59.40% | 0.18x | $19.60 Million |
| CD PROJEKT SA (CDR) | $5.73 Million | 19.52% | 3.20x | $6.87 Billion |
| CI Games SA (CIG) | $160.28 Million | 8.14% | 0.72x | $150.56 Million |
| Creepy Jar SA (CRJ) | $2.37 Million | -26.79% | 0.19x | $98.55 Million |
| Gaming Factory S.A. (GIF) | $7.43 Million | 37.22% | 0.02x | $7.41 Million |
| Games Operators SA (GOP) | $20.01 Million | 16.70% | 0.14x | $17.25 Million |
| Huuuge Inc. (HUG) | $177.06 Million | 46.41% | 0.23x | $255.79 Million |
About TEN SQUARE GAMES SA
Ten Square Games S.A. engages in the publishing activity related to computer games in North America, Europe, Asia, South America, Australia, Oceania, and Africa. The company offers Fishing Clash; Hunting Clash; Let's Fish; Trophy Hunter; Wild Hunt; and Other games. It offers its games through digital distribution platforms and Stores. Ten Square Games S.A. was founded in 2011 and is based in Wroc… Read more