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11 Bit Studios SA
(11B)
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Rating:51Neutral
Price Target:
zł184.00
▲(40.46% Upside)
Action:N/A
Date:09/16/25
The overall score is driven primarily by resilient financial performance, including recent revenue and profit margin improvements and a strong balance sheet. However, significant recent deterioration in cash flow, lack of technical momentum, and a moderately high valuation constrain the score, resulting in a moderate rating. Absence of dividend or technical data further limits the outlook.
Positive Factors
Revenue Growth
Consistent revenue growth indicates successful product offerings and market expansion, supporting long-term business sustainability.
Negative Factors
Cash Flow Challenges
Persistent cash flow issues can hinder the company's ability to fund operations and growth initiatives, impacting long-term financial health.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent revenue growth indicates successful product offerings and market expansion, supporting long-term business sustainability.
Read all positive factors
11 Bit Studios SA (11B) vs. SPDR S&P 500 ETF (SPY)
Market Cap
zł319.07M
Dividend YieldN/A
Average Volume (3M)8.15K
Price to Earnings (P/E)30.0
Beta (1Y)0.62
Revenue Growth-22.85%
EPS Growth-115.99%
CountryPL
Employees265
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-1.04
Shares Outstanding2,417,199
10 Day Avg. Volume8,925
30 Day Avg. Volume8,151
Financial Highlights & Ratios
PEG Ratio71.50
Price to Book (P/B)1.47
Price to Sales (P/S)2.47
P/FCF Ratio13.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.21
Revenue Forecast (FY)zł98.60M
11 Bit Studios SA Business Overview & Revenue Model
Company Description
Headquartered in Warsaw, Poland, 11 bit studios S.A., established in 2009, is a global creator and distributor of multi-platform video games, which it markets through dedicated online marketplaces....
How the Company Makes Money
11 Bit Studios generates revenue through the sale of its video games across multiple platforms, including PC, consoles, and mobile devices. The company employs a direct sales model through digital distribution platforms like Steam, PlayStation Net...
11 Bit Studios SA Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
82
Very Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.83M | 141.00M | 140.55M | 52.27M | 74.21M | 70.12M |
| Gross Profit | 34.02M | 26.80M | 69.96M | 42.40M | 73.56M | 69.59M |
| EBITDA | 51.64M | 71.91M | 20.32M | 4.50M | 33.60M | 40.88M |
| Net Income | -2.51M | 6.94M | 6.90M | 525.61K | 22.89M | 28.69M |
Balance Sheet | ||||||
| Total Assets | 259.18M | 269.61M | 263.57M | 258.33M | 244.20M | 219.51M |
| Cash, Cash Equivalents and Short-Term Investments | 54.10M | 71.71M | 70.52M | 53.84M | 85.98M | 107.22M |
| Total Debt | 3.91M | 4.54M | 5.80M | 7.17M | 8.43M | 9.59M |
| Total Liabilities | 23.43M | 33.19M | 33.65M | 31.26M | 19.65M | 22.18M |
| Stockholders Equity | 235.75M | 236.42M | 229.92M | 227.07M | 224.54M | 197.34M |
Cash Flow | ||||||
| Free Cash Flow | 44.89M | 25.14M | 1.49M | -36.91M | -12.75M | 12.06M |
| Operating Cash Flow | 84.75M | 63.13M | 10.12M | 21.90M | 32.93M | 40.94M |
| Investing Cash Flow | -96.13M | -82.95M | 21.40M | -16.21M | -28.84M | -37.40M |
| Financing Cash Flow | -1.37M | -1.26M | -1.79M | 2.33M | -252.63K | -927.52K |
11 Bit Studios SA Technical Analysis
Negative
131.00
Price Trends
133.56
Negative
142.10
Negative
143.00
Negative
Market Momentum
-0.71
Positive
38.93
Neutral
12.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:11B, the sentiment is Negative. The current price of 131 is below the 20-day moving average (MA) of 133.83, below the 50-day MA of 133.56, and below the 200-day MA of 143.00, indicating a bearish trend. The MACD of -0.71 indicates Positive momentum. The RSI at 38.93 is Neutral, neither overbought nor oversold. The STOCH value of 12.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PL:11B.
11 Bit Studios SA Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | zł658.31M | 11.30 | 29.32% | 18.06% | 1.01% | -22.69% | |
67 Neutral | zł374.86M | 8.73 | 34.48% | 2.81% | 90.02% | 138.64% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | zł470.08M | 9.71 | 28.89% | ― | 96.10% | 364.32% | |
51 Neutral | zł319.07M | 29.95 | 4.40% | ― | -22.85% | -115.99% | |
41 Neutral | zł555.82M | 572.73 | 0.48% | ― | -5.40% | ― |
* Communication Services Sector Average
PL:11B
11 Bit Studios SA
130.90
-51.70
-28.31%
PL:BLO
Bloober Team spolka akcyjna
23.60
-3.40
-12.59%
PL:CRJ
Creepy Jar SA
524.00
57.00
12.21%
PL:CIG
CI Games S.A.
2.52
-0.40
-13.70%
PL:ART
Artifex Mundi SA
20.50
5.56
37.22%
PL:TEN
Ten Square Games SA
102.50
26.92
35.62%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.