ScoreWhy is ICE CODE GAMES SA ?
1
Poor Management Efficiency with a low ROE of 1.45%
- The company has been able to generate a Return on Equity (avg) of 1.45% signifying low profitability per unit of shareholders funds
2
The company has declared negative results in Dec'2024 after 2 consecutive positive quarters
- NET PROFIT(HY) At PLN -0.76 MM has Grown at -302.39%
- INTEREST(HY) At PLN 0.46 MM has Grown at 2,168.56%
- NET SALES(HY) At PLN 3.22 MM has Grown at -28.19%
3
Risky -
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of 25.00%, its profits have fallen by -596.1%
Real-Time Research ReportHow much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Software Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is ICE CODE GAMES SA for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
ICE CODE GAMES SA
25.0%
-0.04
133.32%
Poland WIG
27.62%
1.38
19.95%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
46.94%
EBIT Growth (5y)
-243.29%
EBIT to Interest (avg)
0.40
Debt to EBITDA (avg)
0.17
Net Debt to Equity (avg)
2.63
Sales to Capital Employed (avg)
0.79
Tax Ratio
1.29%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
3.29%
ROE (avg)
1.45%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
-48.21
EV to EBIT
-6.69
EV to EBITDA
-7.02
EV to Capital Employed
16.23
EV to Sales
7.19
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-242.60%
ROE (Latest)
Negative BV
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend7What is working for the Company
NET PROFIT(HY)
Higher at PLN -0.76 MM
RAW MATERIAL COST(Y)
Fallen by -92.87% (YoY
INVENTORY TURNOVER RATIO(HY)
Highest at 140.46 times
DEBTORS TURNOVER RATIO(HY)
Highest at 22.28 times
OPERATING PROFIT(Q)
Highest at PLN 1.64 MM
-20What is not working for the Company
NET PROFIT(HY)
At PLN -0.76 MM has Grown at -302.39%
INTEREST(HY)
At PLN 0.46 MM has Grown at 2,168.56%
NET SALES(HY)
At PLN 3.22 MM has Grown at -28.19%
OPERATING CASH FLOW(Y)
Lowest at PLN -4.43 MM
Here's what is working for ICE CODE GAMES SA
Net Profit
Higher at PLN -0.76 MM
than preceding 12 month period ended Sep 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (PLN MM)
Operating Profit
Highest at PLN 1.64 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (PLN MM)
Inventory Turnover Ratio
Highest at 140.46 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Debtors Turnover Ratio
Highest at 22.28 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by -92.87% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for ICE CODE GAMES SA
Net Profit
At PLN -0.76 MM has Grown at -302.39%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very negative
Net Profit (PLN MM)
Interest
At PLN 0.46 MM has Grown at 2,168.56%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (PLN MM)
Net Sales
At PLN 3.22 MM has Grown at -28.19%
Year on Year (YoY)MOJO Watch
Near term sales trend is very negative
Net Sales (PLN MM)
Operating Cash Flow
Lowest at PLN -4.43 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (PLN MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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