Baked Games S.A (BKD) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Baked Games S.A stock PLN 0.93, price PLN 1.93, that is 51.8% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 1.50 PLN – 32.00 PLN · fair‑value band 0.6200 PLN – 1.17 PLN · the 1.93 PLN price screens above the 0.9300 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Baked Games S.A. develops, produces, and publishes games worldwide. The company publishes games for mobile platforms, such as App Store and Google Play. Baked Games S.A. was founded in 2015 and is based in Czeladz, Poland.
Stock analysis
Baked Games S.A (BKD) currently trades at 1.93 PLN, while our model-based Fair Value estimate is 0.9300 PLN, 52% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 92/100, which puts the data coverage at low.
Scenario range: 0.6200 PLN (bear) to 1.17 PLN (bull), the price of 1.93 PLN sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Baked Games S.A reported revenue of 955K PLN in FY2025 versus 2.3M PLN in FY2022, a compound −25.2%/yr. Reported net income was −999K PLN in FY2025.
Key figures
Market cap 4.8M PLN (≈ $1.2M) Micro · EPS (TTM) −0.4200 PLN · Net margin −105% · Return on assets (EBIT) 7.7% · Free cash flow −954K PLN.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).
What moves the price
The share trades about 49% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 48% fair-value upside, at −52%, BKD screens richer than that median.
Fair Value models
Bear0.6200 PLNFair Value 0.9300 PLNBull1.17 PLN
Price 1.93 PLN · Downside -51.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−36.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−25.2%
’22
’23
’24
’25
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Gaming & Multimedia · 164 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Baked Games S.A Fair Value". https://www.fairvalue-calculator.com/stock/BKD.WAR
Frequently asked questions
Is Baked Games S.A (BKD) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.9300 PLN versus a price of 1.93 PLN, about 52% lower (overvalued).
What is the fair value of BKD?
Our model-based fair value for Baked Games S.A is 0.9300 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 1.93 PLN.
What is the quality score of BKD?
Baked Games S.A has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Baked Games S.A (BKD)?
Our model-based price target is the fair value of 0.9300 PLN (as of Nov 4, 2026) from 1 valuation models. Cautious scenario 0.6200 PLN, optimistic scenario 1.17 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Baked Games S.A stock forecast for 2026?
Our models put fair value at 0.9300 PLN, about 52% lower versus a price of 1.93 PLN (overvalued). Cautious scenario 0.6200 PLN, optimistic scenario 1.17 PLN. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Baked Games S.A (BKD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Baked Games S.A it is 0.9300 PLN per share (as of Nov 4, 2026), against a price of 1.93 PLN. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Baked Games S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, BKD trades above its calculated fair value: price 1.93 PLN, fair value 0.9300 PLN, a gap of about −52% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BKD?
No. The price is what the market pays today (1.93 PLN); the fair value is what the company's own numbers justify (0.9300 PLN). For Baked Games S.A the two are 1.0000 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Baked Games S.A worth?
The market values Baked Games S.A at about 4.8M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 1.93 PLN; our models calculate a fair value of 0.9300 PLN per share.
What do the bullish and bearish scenarios say about BKD?
Our models span a range for Baked Games S.A: cautious scenario 0.6200 PLN, base 0.9300 PLN, optimistic 1.17 PLN per share (as of Nov 4, 2026, price 1.93 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is BKD from its 52-week high?
Baked Games S.A trades at 1.93 PLN, about 49% below its 52-week high of 3.80 PLN and 29% above the low of 1.50 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 0.9300 PLN is for.
Which stocks are comparable to Baked Games S.A?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Baked Games S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 1.93 PLN, calculated fair value 0.9300 PLN (−52%), Quality Score 54/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BKD calculated?
We run Baked Games S.A through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 0.9300 PLN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0% above its aggregate fair value. Baked Games S.A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Baked Games S.A (BKD)?
The closing price on Nov 4, 2026 was 1.93 PLN. Our model-based fair value is 0.9300 PLN, about 52% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Baked Games S.A right now?
The price sits above even our optimistic bull case (1.17 PLN). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.6200 PLN to 1.17 PLN) leaves room in how you read the outcome.
Key figures of Baked Games S.A
How large is the market capitalisation of Baked Games S.A (BKD)?
The market capitalisation of Baked Games S.A is 4.8M PLN (≈ $1.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Baked Games S.A (BKD)?
Earnings per share at Baked Games S.A are −0.4200 PLN. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Baked Games S.A (BKD)?
The net margin of Baked Games S.A is −105% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Baked Games S.A (BKD)?
On an EBIT basis the return on assets of Baked Games S.A is 7.7% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does Baked Games S.A (BKD) generate?
The free cash flow of Baked Games S.A is −954K PLN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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