BCS.WA
SinkerBig Cheese Studio Spolka Akcyjna · Communication Services · Poland · $6M cap · $4K/day traded
PLN 3.07 -0.3% · close 12 Nov · scored 13 Nov
Sinker: Weak business, rich price and weak momentum. Nothing here to keep it afloat.
As of 13 Nov 2026, the MoatMap Score for Big Cheese Studio Spolka Akcyjna (BCS.WA) is 10/100, ranked against 25,000+ stocks in 38 markets (Quality 38, Value 36, Momentum 9, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT BIG CHEESE STUDIO SPOLKA AKCYJNA
Read
Big Cheese Studio S.A. is a Polish game development studio best known for creating and expanding the highly successful 'Cooking Simulator' franchise. The company's competitive moat is its deep expertise in physics-based simulation gameplay and a highly loyal, monetizable player base. It operates as a highly profitable niche developer, focusing on long-term post-launch support and multi-platform porting of its core intellectual property.
FINANCIAL SUMMARY (PLN)
| Year | 2021 | 2022 | 2023 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|
| Revenue | 17.1M | 22.9M | 10.8M | 6.6M | -21.1% | 8.5M |
| EPS (PLN) | 3.02 | 3.92 | 0.56 | 0.15 | -52.8% | -2.37 |
| Shares | 4.1M | 4.1M | — | 4.1M | 0.0% | 4.1M |
| Debt | 1.5M | 1.1M | — | 0.6M | -21.6% | 0.4M |
| Equity | 20.9M | 28.8M | 20.1M | 21.6M | 0.9% | — |
| Op CF | 9.4M | 9.6M | — | -4.8M | 2.9% | -2.9M |
| Inv CF | -48.0K | -38.0K | — | -93.0K | — | — |
| Fin CF | -1.7M | -8.4M | — | -0.3M | — | — |
Made a new 52-week low 6 trading days ago, 77% below its 52-week high. The fall has not stopped yet.
Swung more than 63% of stocks we rank over the past year (volatility 51% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling (this stock): It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend: It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of BCS.WA are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| BCS.WA | Big Cheese Studio Spolka Akcyjna(you) | $6M | 10 |
| SGD.WA | SGD C.XNCO PLN | $15M | 19 |
| TCR.WA | TCR C.XNCO PLN | $27M | 7 |
| OML.WA | One More Level S.A. | $28M | 2 |
| PCF.WA | PCF Group Spólka Akcyjna | $38M | 17 |
| CIG.WA | CI Games SE | $133M | 14 |
| ULG.WA | Ultimate Games S.A. | $16M | 57 |
| 11B.WA | 11 bit studios S.A. | $73M | 42 |
| ART.WA | Artifex Mundi S.A. | $59M | 58 |
| GNS.WA | Niewiadów Polska Grupa Militarna S.A. | $639M | 9 |
Peer medians: ROE 8.8% · P/E 12.6x · Gross margin 55.7%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.