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Bloober Team SA (BLO) Fair Value & Analysis

Communication Services · PL · Market cap 458M PLN

BT Bloober Team SA BLO · WAR
Price24.05 PLN
Fair Value53.70 PLN
Upside+123.3%
Quality64/100
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Expensive Growth
Highly profitable · 31.5% net margin
Low debt · negative free cash flow
Ranks above peers (9/12)
Wide moat 67/100
Evidence: Medium Range 40.01 PLN – 67.40 PLN Share as image

Fair value as of: Jul 17, 2026

From 14 valuation models · updated 24 days ago

Share price −0.8% over the past month.

A solid business, screening 123% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (40.01 PLN). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

33.50 PLN 13.82 PLN Fair Value 53.70 PLN Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range 13.82 PLN – 33.50 PLN · fair‑value band 40.01 PLN – 67.40 PLN · the 24.05 PLN price screens below the 53.70 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Bloober Team SA (BLO) currently trades at 24.05 PLN, while our model-based Fair Value estimate is 53.70 PLN, implying the stock looks roughly 123.3% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Bloober Team SA generated revenue of 149M PLN at a net margin of 35.3%. Revenue grew 71.8% year over year. It earns a return on equity of 35.2%. Net debt stands at 20.8M PLN. Fundamentals as of Jul 17, 2026

Our scenario range runs from 40.01 PLN (bear case) to 67.40 PLN (bull case); at 24.05 PLN, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at 123%, BLO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
ROIC Compounder 29.90 PLN 42.75 PLN 58.41 PLN 72
Growth-Adj P/E 88.89 PLN 126.98 PLN 165.08 PLN 68
P/E Multiple 45.10 PLN 60.13 PLN 75.16 PLN 63
All 14 models by family
Earnings-Based
Graham-Dodd 18.59 PLN 129.61 PLN 181.89 PLN 54
Lynch FV 66.96 PLN 95.66 PLN 124.36 PLN 50
PEG = 1.0 66.96 PLN 95.66 PLN 124.36 PLN 46
EPV 23.76 PLN 26.87 PLN 29.45 PLN 59
Multiples
P/E Multiple 45.10 PLN 60.13 PLN 75.16 PLN 63
P/S Multiple 20.33 PLN 27.11 PLN 33.88 PLN 58
P/B Multiple 23.85 PLN 31.80 PLN 39.75 PLN 55
EV/EBIT 42.08 PLN 55.77 PLN 69.47 PLN 53
EV/EBITDA 42.68 PLN 56.57 PLN 70.47 PLN 54
EV/Revenue 17.26 PLN 24.23 PLN 31.20 PLN 43
Asset-Based
NCAV (Graham) 4.54 PLN 6.09 PLN 9.08 PLN 50
Economic Profit
Residual Income 16.39 PLN 22.65 PLN 140.36 PLN 61
ROIC Compounder 29.90 PLN 42.75 PLN 58.41 PLN 72
Growth Earnings
Growth-Adj P/E 88.89 PLN 126.98 PLN 165.08 PLN 68

Widest divergence: Growth Earnings (126.98 PLN) versus Asset-Based (6.09 PLN). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 149M PLN
Revenue growth (YoY) +71.8%
Net margin 35.3%
Return on equity 35.2%
Free cash flow −27.3M PLN FY2025
P/E ratio 10.9
More key figures
Operating margin 28.7%
EPS (TTM) 2.43 PLN
EPS growth (YoY) +42.0%
Net debt 20.8M PLN FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 41

Profitability 76
Margins and returns on capital today
Quality Growth 99
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 77
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bloober Team SA operates as a producer of horror video games. The company was incorporated in 2011 and is based in Kraków, Poland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bloober Team SA reported revenue of 149M PLN in FY2025 versus 78.1M PLN in FY2021, a compound +17.6%/yr. Reported net income was 52.7M PLN in FY2025, compounding +25.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
149M PLN
Latest YoY
+67.5%
Avg. growth/yr (3Y) 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.
+34.7%
Avg. growth/yr (5Y) 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.
+36.6%
Avg. growth/yr (9Y) 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.
+34.5%
Revenue +17.6%/yr
FY21 78.1M PLN
FY22 61.1M PLN
FY23 94.0M PLN
FY24 89.2M PLN
FY25 149M PLN
Net income +25.9%/yr
FY21 21.0M PLN
FY22 2.1M PLN
FY23 2.6M PLN
FY24 20.7M PLN
FY25 52.7M PLN

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Cite: Fair Value Calculator (2026). "Bloober Team SA Fair Value". https://www.fairvalue-calculator.com/stock/BLO

Peer Group

Electronic Gaming & Multimedia · 152 stocks

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.

Quality Score 64 · Above median
Fair Value upside +123% · Top 25%
Return on equity (TTM) 31% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -3% · Below median
Debt / equity 0.02× · Higher than median

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than 75% of peers
P/B 0.70× · Cheaper than median
P/S (TTM) 0.83× · Cheaper than median
EV/EBITDA 1.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 15
FUTURE 0 · sector 10
PAST 100 · sector 11
HEALTH 99 · sector 99
DIVIDEND 0 · sector 41

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
NetEase, Inc 9999 HK$202.60 HK$192.74 -5%
Electronic Arts Inc EA $207.27 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $237.04 $60.45 -74%
Roblox Corporation RBLX $57.07 $21.20 -63%
Zhejiang Century Huatong Group 002602 ¥14.04 ¥14.68 +5%
KRAFTON, Inc 259960 240,500 KRW 395,557 KRW +64%
Kunlun Tech Co 300418 ¥44.61 ¥6.87 -85%
Giant Network Group 002558 ¥29.98 ¥15.69 -48%
International Games System Co 3293 704.00 TWD 568.16 TWD -19%
37 Interactive Entertainment Network Technology Group 002555 ¥19.02 ¥22.29 +17%

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Frequently asked questions

Is Bloober Team SA (BLO) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of 53.70 PLN versus a price of 24.05 PLN, about +123% (undervalued).
What is the fair value of BLO?
Our model-based fair value for Bloober Team SA is 53.70 PLN (as of Jul 17, 2026), built from audited fundamentals. The current price is 24.05 PLN.
What is the quality score of BLO?
Bloober Team SA has a Quality Score of 64/100. 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 revenue of Bloober Team SA (BLO)?
Bloober Team SA reported trailing-twelve-month revenue of about 149M PLN (latest available figure, as of Jul 17, 2026).
What is the net profit margin of BLO?
The net profit margin of Bloober Team SA is about 35.3%, meaning it keeps roughly 35.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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