VARSAV Game Studios S.A. (WSE:VAR)

VARSAV Game Studios Statistics

Total Valuation

WSE:VAR has a market cap or net worth of PLN 10.85 million. The enterprise value is 10.26 million.

Market Cap	10.85M
Enterprise Value	10.26M

Important Dates

The next estimated earnings date is Thursday, November 13, 2025.

Earnings Date	Nov 13, 2025
Ex-Dividend Date	n/a

Share Statistics

WSE:VAR has 22.69 million shares outstanding.

Current Share Class	20.60M
Shares Outstanding	22.69M
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	38.73%
Owned by Institutions (%)	n/a
Float	1.90M

Valuation Ratios

The trailing PE ratio is 27.03.

PE Ratio	27.03
Forward PE	n/a
PS Ratio	8.83
PB Ratio	1.20
P/TBV Ratio	1.20
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	25.56
EV / Sales	8.35
EV / EBITDA	22.46
EV / EBIT	23.08
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.40, with a Debt / Equity ratio of 0.00.

Current Ratio	1.40
Quick Ratio	0.19
Debt / Equity	0.00
Debt / EBITDA	0.05
Debt / FCF	n/a
Interest Coverage	2.59

Financial Efficiency

Return on equity (ROE) is 4.31% and return on invested capital (ROIC) is 2.79%.

Return on Equity (ROE)	4.31%
Return on Assets (ROA)	1.68%
Return on Invested Capital (ROIC)	2.79%
Return on Capital Employed (ROCE)	4.22%
Revenue Per Employee	38,378
Profits Per Employee	12,539
Employee Count	33
Asset Turnover	0.07
Inventory Turnover	n/a

Taxes

In the past 12 months, WSE:VAR has paid 500,421 in taxes.

Income Tax	500,421
Effective Tax Rate	55.50%

Stock Price Statistics

The stock price has decreased by -2.65% in the last 52 weeks. The beta is 0.17, so WSE:VAR's price volatility has been lower than the market average.

Beta (5Y)	0.17
52-Week Price Change	-2.65%
50-Day Moving Average	0.45
200-Day Moving Average	0.45
Relative Strength Index (RSI)	60.21
Average Volume (20 Days)	14,171

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, WSE:VAR had revenue of PLN 1.23 million and earned 401,250 in profits. Earnings per share was 0.02.

Revenue	1.23M
Gross Profit	3.69M
Operating Income	444,394
Pretax Income	901,671
Net Income	401,250
EBITDA	456,680
EBIT	444,394
Earnings Per Share (EPS)	0.02

Balance Sheet

The company has 613,954 in cash and 24,632 in debt, giving a net cash position of 589,322 or 0.03 per share.

Cash & Cash Equivalents	613,954
Total Debt	24,632
Net Cash	589,322
Net Cash Per Share	0.03
Equity (Book Value)	9.03M
Book Value Per Share	0.40
Working Capital	2.90M

Cash Flow

Operating Cash Flow	-467,728
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross margin is 300.51%, with operating and profit margins of 36.19% and 32.67%.

Gross Margin	300.51%
Operating Margin	36.19%
Pretax Margin	73.42%
Profit Margin	32.67%
EBITDA Margin	37.19%
EBIT Margin	36.19%
FCF Margin	n/a

Dividends & Yields

WSE:VAR does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	n/a
Shareholder Yield	n/a
Earnings Yield	3.70%
FCF Yield	n/a

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

WSE:VAR has an Altman Z-Score of 0.24 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.24
Piotroski F-Score	4