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Frozen Way SA is a Poland-based developer of video games. It is an independent game development studio and publisher. Its game portfolio comprises House Flipper Pets, House Flipper VR, and Builder Simulator.
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Frozen Way has a last 12-month revenue of n/a and a last 12-month EBITDA of n/a.
In the most recent fiscal year, Frozen Way achieved revenue of $3.5M and an EBITDA of $1.4M.
Frozen Way expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Frozen Way valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.1M | $3.5M | XXX | XXX | XXX |
| Gross Profit | $3.1M | $5.1M | XXX | XXX | XXX |
| Gross Margin | 74% | 147% | XXX | XXX | XXX |
| EBITDA | $2.8M | $1.4M | XXX | XXX | XXX |
| EBITDA Margin | 67% | 40% | XXX | XXX | XXX |
| Net Profit | $1.8M | $2.5M | XXX | XXX | XXX |
| Net Margin | 42% | 72% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Frozen Way's stock price is PLN 40 (or $10).
Frozen Way has current market cap of PLN 41.9M (or $10.8M), and EV of PLN 34.5M (or $8.9M).
See Frozen Way trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.9M | $10.8M | XXX | XXX | XXX | XXX | n/a |
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Sign UpAs of April 15, 2025, Frozen Way has market cap of $10.8M and EV of $8.9M.
Frozen Way's trades at n/a LTM EV/Revenue multiple, and n/a LTM EBITDA.
Analysts estimate Frozen Way's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Frozen Way and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $8.9M | XXX | XXX | XXX |
| EV/Revenue | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | XXX | XXX |
| P/E | 8.6x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 14.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpFrozen Way's NTM/LTM revenue growth is n/a
Frozen Way's revenue per employee for the last fiscal year averaged n/a, while opex per employee averaged n/a for the same period.
Over next 12 months, Frozen Way's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Frozen Way's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Frozen Way and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -16% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -49% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | n/a | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 99% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Azerion Group | XXX | XXX | XXX | XXX | XXX | XXX |
| PlaySide Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| Trophy Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Remedy Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Boyaa Interactive | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Frozen Way acquired XXX companies to date.
Last acquisition by Frozen Way was XXXXXXXX, XXXXX XXXXX XXXXXX . Frozen Way acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| Where is Frozen Way headquartered? | Frozen Way is headquartered in Poland. |
| Is Frozen Way publicy listed? | Yes, Frozen Way is a public company listed on WAR. |
| What is the stock symbol of Frozen Way? | Frozen Way trades under FRW ticker. |
| When did Frozen Way go public? | Frozen Way went public in 2023. |
| Who are competitors of Frozen Way? | Similar companies to Frozen Way include e.g. Azerion Group, PlaySide Studios, Trophy Games, Remedy Entertainment. |
| What is the current market cap of Frozen Way? | Frozen Way's current market cap is $10.8M |
| What is the current revenue growth of Frozen Way? | Frozen Way revenue growth between 2023 and 2024 was -16%. |
| Is Frozen Way profitable? | Yes, Frozen Way is EBITDA-positive (as of the last 12 months). |
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