VAR Share Price | Varsav Game Studios SA Stock Analysis & Recommendation

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

N/A

Shareholding

FII

N/A

DII

N/A

Promoter

N/A

Compare Varsav Game Studios SA with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Flat results in Mar 25

NET SALES(HY) At PLN 0.45 MM has Grown at -48.06%
INTEREST(HY) At PLN 0.24 MM has Grown at 244.43%
PRE-TAX PROFIT(Q) At PLN 0.06 MM has Fallen at -76.38%

With ROE of 12.60%, it has a attractive valuation with a 1.28 Price to Book Value

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Stock DNA

Industry

Software Products

Market cap

PLN 9 Million (Micro Cap)

P/E

10.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.00

Return on Equity

3.89%

Price to Book

0.95

Revenue and Profits:

Net Sales:

0 Million

(Quarterly Results - Sep 2025)

Net Profit:

0 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-13.58%

6 Months

-16.0%

1 Year

-27.59%

2 Years

-62.33%

3 Years

-54.35%

4 Years

-76.74%

5 Years

-83.13%

Varsav Game Studios SA for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-13.40%

EBIT Growth (5y)

15.44%

EBIT to Interest (avg)

0.08

Debt to EBITDA (avg)

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

0.11

Tax Ratio

7.59%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

3.22%

ROE (avg)

8.16%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.28

EV to EBIT

11.55

EV to EBITDA

11.55

EV to Capital Employed

1.28

EV to Sales

9.58

PEG Ratio

Dividend Yield

ROCE (Latest)

4.78%

ROE (Latest)

12.60%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Bearish

Moving Averages

Mildly Bearish (Daily)

KST

Bearish

Mildly Bullish

Dow Theory

Mildly Bearish

No Trend

OBV

No Trend

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot

No data for shareholding present.

Shareholding Compare (%holding)

No data for shareholding present.

Financial

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    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Sep 2025 is -25.00% vs -20.00% in Sep 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Sep 2025 is -100.00% vs 900.00% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
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          "val1": "0.30",
          "val2": "0.40",
          "chgp": "-25.00%",
          "chgp_class": "negative"
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.10",
          "val2": "0.10",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.10",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "0.00",
          "val2": "0.80",
          "chgp": "-100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "182.30%",
          "val2": "360.50%",
          "chgp": "-17.82%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
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        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 25.00% vs 20.00% in Dec 2023",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 109.26% vs -116.00% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
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          "val1": "1.50",
          "val2": "1.20",
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          "val1": "0.40",
          "val2": "-4.50",
          "chgp": "108.89%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.60",
          "val2": "0.40",
          "chgp": "50.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.40",
          "val2": "-0.10",
          "chgp": "500.00%",
          "chgp_class": "positive"
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          "val2": "-5.40",
          "chgp": "109.26%",
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        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "253.10%",
          "val2": "-3,602.50%",
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]

Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY

Sep'25

Sep'24

Change(%)

Net Sales

0.30

0.40

-25.00%

Operating Profit (PBDIT) excl Other Income

0.10

Interest

0.00

0.10

-100.00%

Exceptional Items

-0.00

0.00

Consolidate Net Profit

0.00

0.80

-100.00%

Operating Profit Margin (Excl OI)

182.30%

360.50%

-17.82%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Sep 2025 is -25.00% vs -20.00% in Sep 2024

Consolidated Net Profit

YoY Growth in quarter ended Sep 2025 is -100.00% vs 900.00% in Sep 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

1.50

1.20

25.00%

Operating Profit (PBDIT) excl Other Income

0.40

-4.50

108.89%

Interest

0.60

0.40

50.00%

Exceptional Items

0.40

-0.10

500.00%

Consolidate Net Profit

0.50

-5.40

109.26%

Operating Profit Margin (Excl OI)

253.10%

-3,602.50%

385.56%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 25.00% vs 20.00% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 109.26% vs -116.00% in Dec 2023

All Annual Results

Company CV

About Varsav Game Studios SA

Varsav Game Studios SA

Software Products

Varsav Game Studios SA, formerly Varsav VR SA, is a Poland-based company that focuses its activities in the area of computer games and application production. The company also provides Internet Technology (IT)services to external entities and creates technological and business facilities for projects in the new technologies sector. In addition, as an additional activity complementing the basic business, the Company conducts activities consisting in providing substantive, technological or financial support for projects from entities in the computer games industry.

Company Coordinates

Company Details

Ul. Wilcza 28/10 , WARSZAWA None : 00-544

Tel: 48 22 1004841

https://varsav.com/

Registrar Details