What is 11 bit studios S.A.'s (11B.WA) StockRank?

MoatMap's StockRank for 11 bit studios S.A. (11B.WA) is 53/100, with a Hold signal. This is a composite score combining Quality (58), Value (40), and Momentum (45) factor ranks across MoatMap's 20,000+ stock universe.

Does 11 bit studios S.A. have an economic moat?

11 bit studios S.A. (11B.WA) has a Quality factor score of 58/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is 11 bit studios S.A. a buy, hold, or sell?

MoatMap's current signal for 11 bit studios S.A. (11B.WA) is Hold, based on a StockRank of 53/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is 11 bit studios S.A. in?

11 bit studios S.A. (11B.WA) operates in the Communication Services sector, specifically the Electronic Gaming & Multimedia industry (Poland).

Company Deep Dive

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11B.WA

HOLDREMOVE

11 bit studios S.A. · Communication Services · Poland · $99M · Avg Vol: $237K/d

StockRank

P/E (TTM)

32.0x

ROE

3.0%

D/E

0.0x

Dividend %

—

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

11 bit studios is a Polish video game developer. While it has a solid reputation, the video game industry is highly hit-driven and does not align with any of our structural macro themes or compounder criteria.

COMPANY DESCRIPTION

11 bit studios S.A. is a premier developer and publisher of video games, renowned for thought-provoking titles like 'This War of Mine' and 'Frostpunk'. The company's competitive moat is its unique 'meaningful entertainment' brand identity and its dual-engine business model of internal development and external publishing. It is a highly respected, premium player in the global indie-to-AA gaming market.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	CAGR
Revenue	19M	20M	14M	39M	26.1%
EPS	3.36	2.66	0.06	0.79	-38.4%
Shares	2M	2M	2M	2M	+2.1%
Debt	3M	2M	2M	2M	-15.4%
Equity	54M	62M	63M	63M	5.2%
Op CF	11M	9M	6M	3M	-37.2%
Inv CF	-10M	-8M	-4M	6M	—
Fin CF	-255,745	-69,659	641,926	-493,206	—

PRICE (1M)-13.8%

SMA 50SMA 200

$37.55

RSI (14)

26.4

52W High

$67.83

From 52W High

0.6%

SCORE BREAKDOWN

Quality

ROIC

1.4%24.4

ROE

3.0%35.3

GP/Assets

47.1%80.5

Op. Margin

-21.1%6.1

FCF/Assets

10.6%78.2

Piotroski

—81.5

Int. Cover

7.1x52.4

D/E Ratio

0.02x85.3

Current Ratio

3.19x77.8

Value

P/E (TTM)

32.0x26.3

EV/EBITDA

11.5x33.6

P/FCF

46.8x58.4

P/B

1.4x58.3

P/S

2.4x36.5

Div Yield

—N/A

Momentum

52W High %

55%25.6

RS 6M

-29%42.0

SMA 50/200

0.96x45.4

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+1166%97.7

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$99M

P/E (Forward)

2.5x

Gross Margin

87.5%

SECTOR PEERS

Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of 11B.WA are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
11B.WA	11 bit studios S.A.(you)	$99M	53	HOLD
CRJ.WA	Creepy Jar S.A.	$100M	71	BUY
BBT.WA	BoomBit S.A.	$23M	59	HOLD
GOP.WA	Games Operators S.A.	$22M	61	HOLD
BLO.WA	Bloober Team SA	$138M	85	STRONG BUY
PCF.WA	PCF Group Spólka Akcyjna	$43M	25	SELL
ART.WA	Artifex Mundi S.A.	$72M	90	STRONG BUY
CIG.WA	CI Games SE	$156M	10	STRONG SELL
PLW.WA	PlayWay S.A.	$446M	76	BUY
OML.WA	ONEMORE	$50M	11	STRONG SELL

Peer medians: ROE 16.3% · P/E 12.0x · Gross margin 60.6%

11 bit studios S.A. (11B.WA) — Stock Score Summary

11 bit studios S.A. (11B.WA) has a MoatMap StockRank of 53/100 based on Quality (58/100), Value (40/100), and Momentum (45/100) factor scores. The current signal is HOLD. 11 bit studios is a Polish video game developer. While it has a solid reputation, the video game industry is highly hit-driven and does not align with any of our structural macro themes or compounder criteria.

Key Financial Metrics

Price	$37.55
Market Cap	$99M
P/E (TTM)	32.04
P/E (Forward)	2.53
Price/Book	1.43
Return on Equity	3.0%
Return on Invested Capital	1.4%
Debt/Equity	1.92
Gross Margin	87.5%
Operating Margin	-21.1%
Revenue Growth	17.2%
Free Cash Flow	$2M

11 bit studios S.A. operates in the Electronic Gaming & Multimedia industry, part of the Communication Services sector (Poland).

Frequently Asked Questions

What is 11 bit studios S.A.’s (11B.WA) StockRank?: MoatMap’s StockRank for 11 bit studios S.A. (11B.WA) is 53/100, with a Hold signal. It is a composite of Quality (58), Value (40), and Momentum (45) factor ranks across MoatMap’s 20,000+ stock universe.
Does 11 bit studios S.A. have an economic moat?: 11 bit studios S.A. (11B.WA) has a Quality factor score of 58/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is 11 bit studios S.A. a buy, hold, or sell?: MoatMap’s current signal for 11 bit studios S.A. (11B.WA) is Hold, based on a StockRank of 53/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is 11 bit studios S.A. in?: 11 bit studios S.A. (11B.WA) operates in the Communication Services sector, specifically the Electronic Gaming & Multimedia industry (Poland).