Ultimate Games SA (ULG) - Net Assets
Based on the latest financial reports, Ultimate Games SA (ULG) has net assets worth zł30.22 Million PLN (≈ $8.32 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł33.72 Million ≈ $9.28 Million USD) and total liabilities (zł3.49 Million ≈ $960.77K 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 Ultimate Games SA (ULG) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł30.22 Million |
| % of Total Assets | 89.65% |
| Annual Growth Rate | 84.7% |
| 5-Year Change | -46.88% |
| 10-Year Change | N/A |
| Growth Volatility | 289.04 |
Ultimate Games SA - Net Assets Trend (2016–2024)
This chart illustrates how Ultimate Games SA's net assets have evolved over time, based on quarterly financial data. See ULG cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ultimate Games SA (2016–2024)
The table below shows the annual net assets of Ultimate Games SA from 2016 to 2024. For live valuation and market cap data, see market value of Ultimate Games SA.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | zł25.81 Million ≈ $7.10 Million |
-1.38% |
| 2023-12-31 | zł26.17 Million ≈ $7.20 Million |
-17.83% |
| 2022-12-31 | zł31.85 Million ≈ $8.77 Million |
-34.25% |
| 2021-12-31 | zł48.45 Million ≈ $13.33 Million |
-0.29% |
| 2020-12-31 | zł48.59 Million ≈ $13.37 Million |
+486.41% |
| 2019-12-31 | zł8.29 Million ≈ $2.28 Million |
+127.33% |
| 2018-12-31 | zł3.65 Million ≈ $1.00 Million |
+106.75% |
| 2017-12-31 | zł1.76 Million ≈ $485.20K |
+825.15% |
| 2016-12-31 | zł190.56K ≈ $52.45K |
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Equity Component Analysis
This analysis shows how different components contribute to Ultimate 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 1835443500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | zł18.34 Million | 79.28% |
| Common Stock | zł523.00K | 2.26% |
| Other Comprehensive Income | zł1.31 Million | 5.68% |
| Other Components | zł2.96 Million | 12.77% |
| Total Equity | zł23.13 Million | 100.00% |
Ultimate Games SA Competitors by Market Cap
The table below lists competitors of Ultimate Games SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Z-Com Inc
TWO:8176
|
$21.81 Million |
|
Seyitler Kimya Sanayi AS
IS:SEYKM
|
$21.82 Million |
|
Transtema Group AB
ST:TRANS
|
$21.82 Million |
|
S2 Resources Ltd
AU:S2R
|
$21.82 Million |
|
Gabungan AQRS Bhd
KLSE:5226
|
$21.80 Million |
|
Siili Solutions Oyj
HE:SIILI
|
$21.80 Million |
|
VistaGen Therapeutics Inc
NASDAQ:VTGN
|
$21.80 Million |
|
Resverlogix Corp.
TO:RVX
|
$21.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ultimate Games SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 23,735,000 to 23,132,000, a change of -603,000 (-2.5%).
- Net income of 2,760,000 contributed positively to equity growth.
- Dividend payments of 2,615,000 reduced retained earnings.
- Other comprehensive income decreased equity by 30,000.
- Other factors decreased equity by 718,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł2.76 Million | +11.93% |
| Dividends Paid | zł2.62 Million | -11.3% |
| Other Comprehensive Income | zł-30.00K | -0.13% |
| Other Changes | zł-718.00K | -3.1% |
| Total Change | zł- | -2.54% |
Book Value vs Market Value Analysis
This analysis compares Ultimate 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: 3.43x
- 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 466.40x to 3.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | zł0.03 | zł15.15 | x |
| 2017-12-31 | zł0.35 | zł15.15 | x |
| 2018-12-31 | zł0.73 | zł15.15 | x |
| 2019-12-31 | zł1.59 | zł15.15 | x |
| 2020-12-31 | zł8.79 | zł15.15 | x |
| 2021-12-31 | zł8.60 | zł15.15 | x |
| 2022-12-31 | zł5.56 | zł15.15 | x |
| 2023-12-31 | zł4.54 | zł15.15 | x |
| 2024-12-31 | zł4.42 | zł15.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ultimate 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): 11.93%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.42%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.26x
- Recent ROE (11.93%) is below the historical average (19.56%), 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 | -7.57% | -14434.00% | 0.00x | 1.06x | zł-33.49K |
| 2017 | 22.80% | 60.00% | 0.33x | 1.14x | zł225.70K |
| 2018 | 55.12% | 52.56% | 0.96x | 1.09x | zł1.64 Million |
| 2019 | 51.19% | 58.14% | 0.79x | 1.12x | zł3.41 Million |
| 2020 | 71.07% | 219.89% | 0.27x | 1.21x | zł28.08 Million |
| 2021 | 14.19% | 28.24% | 0.40x | 1.26x | zł1.89 Million |
| 2022 | -27.32% | -29.30% | 0.69x | 1.35x | zł-10.85 Million |
| 2023 | -15.39% | -15.85% | 0.80x | 1.21x | zł-6.03 Million |
| 2024 | 11.93% | 11.42% | 0.83x | 1.26x | zł446.80K |
Industry Comparison
This section compares Ultimate 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: $51,873,815
- Average return on equity (ROE) among peers: 3701.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ultimate Games SA (ULG) | zł30.22 Million | -7.57% | 0.12x | $21.81 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 |
| Games Operators SA (GOP) | $-5.00K | 0.00% | 0.00x | $22.25 Million |
| Huuuge Inc. (HUG) | $132.55 Million | 55.14% | 0.17x | $238.81 Million |
About Ultimate Games SA
Ultimate Games S.A. engages in the production and distribution of games for various platforms worldwide. It provides computer and mobile games, as well as games for consoles through various distribution platforms. The company is based in Warsaw, Poland.