What is Ultimate Games S.A.'s (ULG.WA) StockRank?

MoatMap's StockRank for Ultimate Games S.A. (ULG.WA) is 87/100, with a Strong Buy signal. This is a composite score combining Quality (59), Value (41), and Momentum (74) factor ranks across MoatMap's 20,000+ stock universe.

Does Ultimate Games S.A. have an economic moat?

Ultimate Games S.A. (ULG.WA) has a Quality factor score of 59/100. 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 Ultimate Games S.A. a buy, hold, or sell?

MoatMap's current signal for Ultimate Games S.A. (ULG.WA) is Strong Buy, based on a StockRank of 87/100. 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 Ultimate Games S.A. in?

Ultimate Games S.A. (ULG.WA) operates in the Communication Services sector, specifically the Electronic Gaming & Multimedia industry (Poland).

Company Deep Dive

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ULG.WA

STRONG BUYREMOVE

Ultimate Games S.A. · Communication Services · Poland · $22M · Avg Vol: $10K/d

StockRank

P/E (TTM)

12.6x

ROE

22.4%

D/E

—

Dividend %

3.3%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Ultimate Games is a Polish video game developer and publisher. It operates in a highly hit-driven, fragmented industry with no structural moat or alignment with our macro themes, failing our quality compounder criteria.

COMPANY DESCRIPTION

Ultimate Games S.A. is a Polish game developer and publisher specializing in niche simulator titles, most notably the "Ultimate Fishing Simulator" series, as well as console porting services. The company operates a high-volume, low-risk business model, releasing dozens of low-budget titles annually to generate diversified, steady cash flows. Backed by the PlayWay group, Ultimate Games excels in rapid monetization and cross-platform distribution across PC, console, and mobile platforms.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	CAGR
Revenue	6M	7M	—	19.9%
EPS	0.32	-0.42	—	—
Shares	5M	5M	—	0.0%
Debt	2M	2M	—	-11.2%
Equity	12M	8M	6M	-28.0%
Op CF	—	319,846	146,688	-54.1%
Inv CF	—	1M	27,021	—
Fin CF	—	-2M	-2M	—

PRICE (1M)+0.7%

SMA 50SMA 200

$4.14

RSI (14)

46.0

52W High

$4.27

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC (ROA)

16.8%*80.0

ROE

22.4%84.9

GP/Assets

—N/A

Op. Margin

31.2%91.2

FCF/Assets

—N/A

Piotroski

—45.4

Int. Cover

—N/A

D/E Ratio

—N/A

Current Ratio

14.05x99.2

Value

P/E (TTM)

12.6x67.9

EV/EBITDA

8.1x49.5

P/FCF

895.1x3.0

P/B

3.0x29.3

P/S

2.2x39.1

Div Yield

3.3%57.1

Momentum

52W High %

97%95.8

RS 6M

7%80.3

SMA 50/200

1.08x78.1

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—N/A

Q Growth

115%83.0

FUNDAMENTALS

Market Cap

$22M

P/E (Forward)

—

Gross Margin

107.1%

SECTOR PEERS

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

Ticker	Company	Mkt Cap	StockRank	Signal
ULG.WA	Ultimate Games S.A.(you)	$22M	87	STRONG BUY
RND.WA	RENDER	$23M	84	STRONG BUY
GOP.WA	Games Operators S.A.	$22M	61	HOLD
ART.WA	Artifex Mundi S.A.	$72M	90	STRONG BUY
BBT.WA	BoomBit S.A.	$23M	59	HOLD
BLO.WA	Bloober Team SA	$138M	85	STRONG BUY
CRJ.WA	Creepy Jar S.A.	$100M	71	BUY
TEN.WA	Ten Square Games S.A.	$160M	100	STRONG BUY
11B.WA	11 bit studios S.A.	$99M	53	HOLD
GIF.WA	Gaming Factory S.A.	$8M	40	HOLD

Peer medians: ROE 15.8% · P/E 12.6x · Gross margin 60.6%

Ultimate Games S.A. (ULG.WA) — Stock Score Summary

Ultimate Games S.A. (ULG.WA) has a MoatMap StockRank of 87/100 based on Quality (59/100), Value (41/100), and Momentum (74/100) factor scores. The current signal is STRONG BUY. Ultimate Games is a Polish video game developer and publisher. It operates in a highly hit-driven, fragmented industry with no structural moat or alignment with our macro themes, failing our quality compounder criteria.

Key Financial Metrics

Price	$4.14
Market Cap	$22M
P/E (TTM)	12.64
Price/Book	2.96
Return on Equity	22.4%
Gross Margin	107.1%
Operating Margin	31.2%
Revenue Growth	79.6%
Dividend Yield	3.3%
Free Cash Flow	$24K

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

Frequently Asked Questions

What is Ultimate Games S.A.’s (ULG.WA) StockRank?: MoatMap’s StockRank for Ultimate Games S.A. (ULG.WA) is 87/100, with a Strong Buy signal. It is a composite of Quality (59), Value (41), and Momentum (74) factor ranks across MoatMap’s 20,000+ stock universe.
Does Ultimate Games S.A. have an economic moat?: Ultimate Games S.A. (ULG.WA) has a Quality factor score of 59/100. 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 Ultimate Games S.A. a buy, hold, or sell?: MoatMap’s current signal for Ultimate Games S.A. (ULG.WA) is Strong Buy, based on a StockRank of 87/100. 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 Ultimate Games S.A. in?: Ultimate Games S.A. (ULG.WA) operates in the Communication Services sector, specifically the Electronic Gaming & Multimedia industry (Poland).