Frozen Way Spolka Akcyjna

zł 24.70As of Sun 8 Nov 2026, 12:00 UTC

WSE:FRWCommunication

Country Poland

PE (Fwd) 11.00

TSR 4Y CAGR (14.82%)

Div yield 14.78%

ROE 0.13%

Electronic Gaming & Multimedia

Beta (5Y) —

PE TTM 12.60

TSR TTM (33.49%)

Mkt cap zł 26.03M

ROIC 0.18%

SE Grade™

Value

Quality

Moat

1Y Price

Reference

zł 23

(7.40%)

2082.24%

Price below Reference Value

TTM

FYE 31 Dec PLN

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

9.441

Revenuezł M

—

10.28

16.11

13.46

11.89

9.966

4.97%

—

Revenue growth%

—

56.70

(16.45)

(11.65)

(16.19)

(11.65)

—

167.99

Gross margin%

—

116.37

122.46

134.53

156.84

100.00

128.50

—

21.20

Operating margin%

—

67.18

64.59

35.17

28.97

21.14

49.88

—

21.88

Net margin%

—

66.44

59.75

36.09

23.72

21.71

47.92

—

12.60

P/E ratio (avg)x

—

6.753

10.33

15.37

12.03

10.33

—

10.31

EV/EBITx

—

5.440

9.038

11.02

9.802

9.038

—

(1.43)

FCF yield (avg)%

—

10.43

4.87

3.66

(1.40)

4.87

—

(3.94)

FCF margin%

—

30.94

42.09

18.16

13.35

(3.64)

24.55

—

(0.180)

FCF / Net incomex

—

0.466

0.704

0.503

0.563

(0.168)

0.533

—

0.18

ROIC%

—

129.39

156.33

51.86

31.94

0.16

90.63

—

0.13

Return on equity%

—

68.94

73.25

28.51

16.41

0.13

48.73

—

Return on assets%

—

64.15

53.84

22.41

12.65

9.71

38.13

—

1.96

EPSzł

—

6.48

9.14

4.61

2.68

2.05

(25.54%)

—

EPS growth%

—

40.92

(49.53)

(41.94)

(23.29)

(41.94)

—

1,526

Bookvalue per shzł

—

9.40

15.54

16.80

15.83

1,525

18.95%

—

(0.35)

FCF per sharezł

—

3.02

6.44

2.32

1.51

(0.34)

(20.69%)

—

3.65

Dividend per shzł

—

3.00

3.35

3.65

4.08

10.30%

—

14.78

Div yield (avg)%

—

4.86

7.03

8.87

16.53

7.03

—

Payout ratio%

—

32.84

72.66

136.36

198.84

52.75

—

1.054

Shares (diluted)M

—

1.054

◌1.054

—

Buyback yield%

—

◌—

—

D/E ratiox

—

20.65

Enterprise valuezł M

—

56.61

42.78

37.98

20.65

(18.09%)

—

LT debtzł M

—

Peers (US$6.785M)

Cap (US$)

Vivid Games S.A.

6.718M

—

Gamivo S.A.

6.331M

4.597x

DRAGO entertainment…

5.387M

18.54x

AlphaGen Intelligence…

6.170M

—

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

—

23,608

Own earn%

—

Sh yield%

—

7.03

Owners

Insiders/Inst%

—

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

4/4

Revenue growth years

1/3

EPS growth years

1/3

Dividend streakyrs

Op margin range%

29–67

$1 testx

—

Incr. ROIC%

—

Frozen Way Spolka Akcyjna engages in the development, production, and publishing of games and game add-ons for personal computers, play station, Xbox, and Nintendo consoles. The company is based in Kraków, Poland.

Growth vs revenue

Latest

Trend

3Y CAGR

Rel growth

Revenue

zł 11.89M

4.97%

1.00×

Operating expenses

zł 15.21M

44.34%

2.60×

Asset mix

Trend

Other

75.76%

Cash and investments

24.12%

Goodwill & intangibles

0.13%

Reinvestment returns

5Y median

Trend

Reinvestment rate

(2.16%)

Return on capital

90.63%

Spread over hurdle

83.25%