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TEN.WA$89.05-2.36%
Fair $89.05+0.0%

TEN.WA

Ten Square Games S.A.

Communication Services / Electronic Gaming & MultimediaWarsaw

$89.05

-2.15 (-2.36%)

Fairly Valued+0.0%Fair Value $89.05Fund rank 39/100 · Data gapFallback financials|
SA 46/C
F-Score: 8/9
Declining Revenue

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $109.6M · quality 84.0/100

Data gap 39/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 84/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

46/100

C

Piotroski

8/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Revenue has declined for 3 consecutive years
Thesis & Journal · TEN.WALocal privado en este navegador · Ten Square Games S.A.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$568M

P/E

9.1x

↓

EV/EBITDA

4.6x

↓

ROE

34.9%

↑

Gross Margin

83.0%

↑

Debt/Equity

0.03

↓
52-Week Range$89
$77$117

TradingView lightweight chart

TEN.WA price, volumen y niveles de valoración

Último $89.05Periodo -8.8%
Fair value: $89.05

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-12.4%

FCF CAGR

-1.2%

FCF margin

26.2%

FCF / Net income

1.23x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $361.9M · net income $77.0M · FCF $94.9M

2022-FY → 2025-FY

Gross margin

83.0%-4.0% pts

Operating margin

24.7%+2.2% pts

Net margin

21.3%+11.7% pts

FCF margin

26.2%+7.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$361.9M$361.9M$386.5M$436.1M$537.8M
Net Income$77.0M$77.0M$67.1M$15.2M$51.6M
EBITDA$100.0M$100.0M$93.9M$43.4M$85.5M
EPS11.8811.889.712.077.06
Gross Margin83.0%83.0%82.8%83.3%87.0%
Operating Margin24.7%24.7%20.3%20.4%22.5%
Net Margin21.3%21.3%17.4%3.5%9.6%
Balance Sheet
Debt/Equity0.030.030.030.020.03
Current Ratio1.331.33———
Cash Flow
Free Cash Flow$94.9M$94.9M$109.6M$110.8M$98.3M
Returns
ROE34.9%34.9%27.6%5.2%15.2%
Valuation
P/E9.149.147.8547.1319.77
EV/EBITDA4.624.624.1612.8410.57
P/B2.622.622.172.463.00
Growth & Yield
Revenue Growth-6.4%-6.4%-11.4%-18.9%—
EPS Growth22.3%22.3%369.1%-70.7%—
Dividend Yield11.0%11.0%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-12.7%

fácil

EPS terminal req.

$7.90

Spread vs growth

35.1%

5Y implied EPS CAGR

-4.3%

fácil

EPS terminal req.

$9.56

Spread vs growth

26.6%

10Y implied EPS CAGR

2.6%

fácil

EPS terminal req.

$15.40

Spread vs growth

19.7%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -3.7%

Total return

-3.7%

Start / end P/E

10.8x → 7.5x

EPS bridge

9.71 → 11.88

Residual

-6.8%

EPS growth+22.3%
Multiple rerating-30.3%
Dividend+11.0%
Residual / FX / buybacks / cross-term-6.8%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.