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BST/11C (BST/11C)

Stuttgart Stock Exchange: BST/11C · EUR

€26.3

+0.04 (+0.2%)· Recorded snapshot

Market cap	65.6M
Revenue (ttm)	29.7M
Net income (ttm)	-589.8K
EPS (ttm)	-€0.24
P/E (forward)	8.2x

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 29.7M
Net income (ttm): -589.8K
EPS (ttm): -€0.24
P/E (forward): 8.2x
Market cap: 65.6M

Metric	Value
Amount currency	EUR
Country	Poland
Country code	DE
Earnings date	2026-11-25
Employees	265
Employees change	-29
Employees growth	-9.86%
Enterprise value	EUR 54.2M
Exchange	Stuttgart Stock Exchange
Financial currency	PLN
Financial report date	2026-06-30
First seen	2026-10-10
Fiscal year end	December
Founded	2009
Industry	Electronic Gaming & Multimedia
Is primary listing	No
ISIN number	PL11BTS00015
Last refreshed	2026-10-28
Market cap	EUR 65.6M
Next earnings date	2026-11-25
Price	EUR 26.34
Price currency	EUR
Sector	Communication Services
SIC code	7372
Stock price date	2026-10-27
Symbol	bst/11C
Website	https://11bitstudios.com

Metric

Value

Amount currency

EUR

Country

Poland

Country code

Earnings date

2026-11-25

Employees

265

Employees change

-29

Employees growth

-9.86%

Enterprise value

EUR 54.2M

Exchange

Stuttgart Stock Exchange

Financial currency

PLN

Financial report date

2026-06-30

First seen

2026-10-10

Fiscal year end

December

Founded

2009

Industry

Electronic Gaming & Multimedia

Is primary listing

ISIN number

PL11BTS00015

Last refreshed

2026-10-28

Market cap

EUR 65.6M

Next earnings date

2026-11-25

Price

EUR 26.34

Price currency

EUR

Sector

Communication Services

SIC code

7372

Stock price date

2026-10-27

Symbol

bst/11C

Website

https://11bitstudios.com

Metric	Value
Average P/E ratio (10Y)	132.16x
Average P/E ratio (3Y)	412.99x
Average P/E ratio (5Y)	237.43x
Earnings yield	-0.91%
EV/FCF	5.27x
EV/Sales	1.87x
FCF / EV yield	18.96%
FCF yield	15.67%
Forward P/E	8.22x
P/(FCF - SBC) ratio	6.38x
P/(OCF - SBC) ratio	3.36x
P/B ratio	1.2x
P/FCF ratio	6.38x
P/OCF ratio	3.36x
P/S ratio	2.21x
Price / tangible book value	2.41x
Price/EBITDA ratio	141.77x
Sector forward P/E	11.17x
Sector P/E	14.49x

Metric

Value

Average P/E ratio (10Y)

132.16x

Average P/E ratio (3Y)

412.99x

Average P/E ratio (5Y)

237.43x

Earnings yield

-0.91%

EV/FCF

5.27x

EV/Sales

1.87x

FCF / EV yield

18.96%

FCF yield

15.67%

Forward P/E

8.22x

P/(FCF - SBC) ratio

6.38x

P/(OCF - SBC) ratio

3.36x

P/B ratio

1.2x

P/FCF ratio

6.38x

P/OCF ratio

3.36x

P/S ratio

2.21x

Price / tangible book value

2.41x

Price/EBITDA ratio

141.77x

Sector forward P/E

11.17x

Sector P/E

14.49x

Metric	Value
EBIT margin	0.56%
EBITDA margin	1.56%
FCF margin	35.46%
Gross margin	85.89%
Operating margin	0.56%
Pretax margin	-0.01%
Profit margin	-1.99%
Profit per employee	EUR -2,226
Profitable quarters	1
Profitable years	15
Revenue per employee	EUR 112,103
ROA	0.17%
ROA (5Y)	7.43%
ROCE	0.3%
ROE	-1.07%
ROE (5Y)	6.59%
ROIC	0.34%
ROIC (5Y)	18.64%
SBC / revenue	0%
Tax / revenue	1.98%

Metric

Value

EBIT margin

0.56%

EBITDA margin

1.56%

FCF margin

35.46%

Gross margin

85.89%

Operating margin

0.56%

Pretax margin

-0.01%

Profit margin

-1.99%

Profit per employee

EUR -2,226

Profitable quarters

Profitable years

Revenue per employee

EUR 112,103

ROA

0.17%

ROA (5Y)

7.43%

ROCE

0.3%

ROE

-1.07%

ROE (5Y)

6.59%

ROIC

0.34%

ROIC (5Y)

18.64%

SBC / revenue

Tax / revenue

1.98%

Metric	Value
EPS growth (Q)	-87.97%
EPS growth years	2
FCF growth	412.3%
FCF growth 5Y	88.17%
Gross profit growth	-32.38%
Gross profit growth (Q)	-39.13%
Gross profit growth 3Y	40.46%
Gross profit growth 5Y	23.92%
Net income growth (Q)	-87.97%
Net income growth years	2
OCF growth	47.07%
OCF growth (QoQ)	-60.5%
OCF growth 10Y	22.22%
OCF growth 3Y	92.54%
OCF growth 5Y	23.49%
Operating income growth	-99.18%
Operating income growth (Q)	-89.93%
Operating income growth 3Y	-53.6%
Operating income growth 5Y	-52.4%
Revenue growth	-24.07%
Revenue growth (Q)	-33.39%
Revenue growth (QoQ)	42.41%
Revenue growth 10Y	18.8%
Revenue growth 3Y	33.89%
Revenue growth 5Y	11.92%
Revenue growth years	2

Metric

Value

EPS growth (Q)

-87.97%

EPS growth years

FCF growth

412.3%

FCF growth 5Y

88.17%

Gross profit growth

-32.38%

Gross profit growth (Q)

-39.13%

Gross profit growth 3Y

40.46%

Gross profit growth 5Y

23.92%

Net income growth (Q)

-87.97%

Net income growth years

OCF growth

47.07%

OCF growth (QoQ)

-60.5%

OCF growth 10Y

22.22%

OCF growth 3Y

92.54%

OCF growth 5Y

23.49%

Operating income growth

-99.18%

Operating income growth (Q)

-89.93%

Operating income growth 3Y

-53.6%

Operating income growth 5Y

-52.4%

Revenue growth

-24.07%

Revenue growth (Q)

-33.39%

Revenue growth (QoQ)

42.41%

Revenue growth 10Y

18.8%

Revenue growth 3Y

33.89%

Revenue growth 5Y

11.92%

Revenue growth years

Metric	Value
Capital expenditures	EUR -9.3M
Depreciation and amortization	EUR 289,703
EBIT	EUR 166,263
EBITDA	EUR 463,039
EPS	EUR -0.24
Financing cash flow	EUR -340,917
Free cash flow	EUR 10.3M
Free cash flow minus SBC	EUR 10.3M
Gross profit	EUR 25.5M
Income taxes	EUR 587,115
Investing cash flow	EUR -22.2M
Net borrowing	EUR -286,122
Net cash flow	EUR -3.4M
Net income	EUR -589,783
Operating cash flow minus SBC	EUR 19.6M
Operating income	EUR 166,263
Revenue	EUR 29.7M
Stock-based compensation	EUR 1

Metric

Value

Capital expenditures

EUR -9.3M

Depreciation and amortization

EUR 289,703

EBIT

EUR 166,263

EBITDA

EUR 463,039

EPS

EUR -0.24

Financing cash flow

EUR -340,917

Free cash flow

EUR 10.3M

Free cash flow minus SBC

EUR 10.3M

Gross profit

EUR 25.5M

Income taxes

EUR 587,115

Investing cash flow

EUR -22.2M

Net borrowing

EUR -286,122

Net cash flow

EUR -3.4M

Net income

EUR -589,783

Operating cash flow minus SBC

EUR 19.6M

Operating income

EUR 166,263

Revenue

EUR 29.7M

Stock-based compensation

EUR 1

Metric	Value
Altman Z-Score	12.17
Book value per share	EUR 22.69
Debt / EBITDA	1.91
Debt / equity	0.02
Debt / FCF	0.09
Interest coverage	2.24
Long-term assets	EUR 44.2M
Long-term liabilities	EUR 728,358
Net cash (debt)	EUR 11.7M
Net cash / market cap	17.78%
Net cash growth	7.28%
Net debt / EBITDA	-25.21
Net debt / equity	-0.21
Net debt / FCF	-1.14
Piotroski F-Score	4
Property, plant and equipment	EUR 5.7M
Shareholders' equity	EUR 54.8M
Tangible book value	EUR 27.3M
Tangible book value per share	EUR 11.29
Total assets	EUR 60.1M
Total cash	EUR 12.6M
Total debt	EUR 909,365
Total liabilities	EUR 5.2M

Metric

Value

Altman Z-Score

12.17

Book value per share

EUR 22.69

Debt / EBITDA

1.91

Debt / equity

0.02

Debt / FCF

0.09

Interest coverage

2.24

Long-term assets

EUR 44.2M

Long-term liabilities

EUR 728,358

Net cash (debt)

EUR 11.7M

Net cash / market cap

17.78%

Net cash growth

7.28%

Net debt / EBITDA

-25.21

Net debt / equity

-0.21

Net debt / FCF

-1.14

Piotroski F-Score

Property, plant and equipment

EUR 5.7M

Shareholders' equity

EUR 54.8M

Tangible book value

EUR 27.3M

Tangible book value per share

EUR 11.29

Total assets

EUR 60.1M

Total cash

EUR 12.6M

Total debt

EUR 909,365

Total liabilities

EUR 5.2M

Metric	Value
Asset turnover	0.49
Current assets	EUR 15.9M
Current liabilities	EUR 4.5M
Current ratio	3.53
Inventory turnover	404.59
Net working capital	EUR -625,408
Quick ratio	3.45
Working capital	EUR 11.7M
Working capital turnover	0.52

Metric

Value

Asset turnover

0.49

Current assets

EUR 15.9M

Current liabilities

EUR 4.5M

Current ratio

3.53

Inventory turnover

404.59

Net working capital

EUR -625,408

Quick ratio

3.45

Working capital

EUR 11.7M

Working capital turnover

0.52

Metric	Value
150-day SMA	EUR 31.08
1D price change	0.15%
1M price change	-2.3%
1M total return	-2.3%
1W price change	-1.13%
1W total return	-1.13%
1Y price change	-38.66%
1Y return CAGR	-38.68%
1Y total return	-38.66%
20-day SMA	EUR 26.69
200-day SMA	EUR 31.44
3M price change	-10.71%
3M total return	-10.71%
3Y price change	-80.77%
3Y return CAGR	-42.28%
3Y total return	-80.77%
50-day SMA	EUR 28.09
50-day SMA vs 200-day SMA	50under200
52-week high	EUR 41.28
52-week high date	2025-10-31
52-week low	EUR 25.68
52-week low date	2026-09-29
5Y price change	-70.94%
5Y return CAGR	-21.9%
5Y total return	-70.94%
6M price change	-31.9%
6M total return	-31.9%
All-time high	EUR 166.60
All-time high date	2024-06-06
All-time low	EUR 25.68
All-time low date	2026-09-29
Average true range (ATR)	EUR 0.87
Average volume	51
Change from 52-week high	-36.19%
Change from 52-week low	2.57%
Change from all-time high	-84.19%
Change from all-time low	2.57%
Change from open	1.31%
Day's gap	-1.14%
High price	EUR 26.60
Low price	EUR 25.94
Monthly RSI	28.9
Open price	EUR 26.00
Position in 52-week range	60.61%
Previous close	EUR 26.30
Price vs 150-day SMA	-15.25%
Price vs 20-day SMA	-1.32%
Price vs 200-day SMA	-16.22%
Price vs 50-day SMA	-6.22%
Relative volume	0.59
RSI	37.46
Sharpe ratio	-1.3
Sharpe ratio (3Y)	-0.63
Sharpe ratio (5Y)	-0.14
Sortino ratio	-1.79
Sortino ratio (3Y)	-0.73
Sortino ratio (5Y)	-0.1
Weekly RSI	30.97
YTD price change	-21.79%
YTD total return	-21.79%

Metric

Value

150-day SMA

EUR 31.08

1D price change

0.15%

1M price change

-2.3%

1M total return

-2.3%

1W price change

-1.13%

1W total return

-1.13%

1Y price change

-38.66%

1Y return CAGR

-38.68%

1Y total return

-38.66%

20-day SMA

EUR 26.69

200-day SMA

EUR 31.44

3M price change

-10.71%

3M total return

-10.71%

3Y price change

-80.77%

3Y return CAGR

-42.28%

3Y total return

-80.77%

50-day SMA

EUR 28.09

50-day SMA vs 200-day SMA

50under200

52-week high

EUR 41.28

52-week high date

2025-10-31

52-week low

EUR 25.68

52-week low date

2026-09-29

5Y price change

-70.94%

5Y return CAGR

-21.9%

5Y total return

-70.94%

6M price change

-31.9%

6M total return

-31.9%

All-time high

EUR 166.60

All-time high date

2024-06-06

All-time low

EUR 25.68

All-time low date

2026-09-29

Average true range (ATR)

EUR 0.87

Average volume

Change from 52-week high

-36.19%

Change from 52-week low

2.57%

Change from all-time high

-84.19%

Change from all-time low

2.57%

Change from open

1.31%

Day's gap

-1.14%

High price

EUR 26.60

Low price

EUR 25.94

Monthly RSI

28.9

Open price

EUR 26.00

Position in 52-week range

60.61%

Previous close

EUR 26.30

Price vs 150-day SMA

-15.25%

Price vs 20-day SMA

-1.32%

Price vs 200-day SMA

-16.22%

Price vs 50-day SMA

-6.22%

Relative volume

0.59

RSI

37.46

Sharpe ratio

-1.3

Sharpe ratio (3Y)

-0.63

Sharpe ratio (5Y)

-0.14

Sortino ratio

-1.79

Sortino ratio (3Y)

-0.73

Sortino ratio (5Y)

-0.1

Weekly RSI

30.97

YTD price change

-21.79%

YTD total return

-21.79%

Metric	Value
Float	2M
Shares change (QoQ)	-0.08%
Shares held by insiders	16.68%
Shares held by institutions	12.76%

Metric

Value

Float

Shares change (QoQ)

-0.08%

Shares held by insiders

16.68%

Shares held by institutions

12.76%

BST/11C (BST/11C)

Price

Financial snapshot

Fair-value bridge

Latest news · BST/11C

Valuation

Profitability

Balance sheet

Next earnings

Sector percentile context

All BST/11C indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Performance and technicals

Ownership and float

Deeper analysis on BST/11C

Frequently asked questions