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Ice Code Games Valuation Multiples

Discover revenue and EBITDA valuation multiples for Ice Code Games and similar public comparables like Frozen Way, Vivid Games, Sonka, Beyond Frames and more.

Ice Code Games Overview

About Ice Code Games

Ice Code Games SA is engaged in the business of gaming. Its offers two games including Re-Legion and Deep Blue.


Founded

2000

HQ

Poland

Employees

6

Financials (FY)

Revenue: $1M
EBITDA: ($83K)

EV

$12M

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Ice Code Games Financials

Ice Code Games reported last fiscal year revenue of $1M and negative EBITDA of ($83K).

In the same fiscal year, Ice Code Games generated $1M in gross profit, ($83K) in EBITDA losses, and had net loss of ($404K).


Ice Code Games P&L

In the most recent fiscal year, Ice Code Games reported revenue of $1M and EBITDA of ($83K).

Ice Code Games expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Ice Code Games forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
RevenueXXX$1MXXXXXXXXX
Gross ProfitXXX$1MXXXXXXXXX
Gross MarginXXX100%XXXXXXXXX
EBITDAXXX($83K)XXXXXXXXX
EBITDA MarginXXX(8%)XXXXXXXXX
EBIT MarginXXX(13%)XXXXXXXXX
Net ProfitXXX($404K)XXXXXXXXX
Net MarginXXX(40%)XXXXXXXXX

Financial data powered by Morningstar, Inc.

Ice Code Games Stock Performance

Ice Code Games has current market cap of $12M, and enterprise value of $12M.

Market Cap Evolution


Ice Code Games' stock price is $0.06.

See Ice Code Games trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$12M$12M-0.3%XXXXXXXXX$-0.00

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Ice Code Games Valuation Multiples

Ice Code Games trades at 11.5x EV/Revenue multiple, and (139.5x) EV/EBITDA.

See valuation multiples for Ice Code Games and 15K+ public comps

Ice Code Games Financial Valuation Multiples

As of April 5, 2026, Ice Code Games has market cap of $12M and EV of $12M.

Equity research analysts estimate Ice Code Games' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Ice Code Games has a P/E ratio of (28.5x).

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$12MXXX$12MXXXXXXXXX
EV (current)$12MXXX$12MXXXXXXXXX
EV/RevenueXXX11.5xXXXXXXXXX
EV/EBITDAXXX(139.5x)XXXXXXXXX
EV/EBITXXX(88.8x)XXXXXXXXX
EV/Gross ProfitXXX11.5xXXXXXXXXX
P/EXXX(28.5x)XXXXXXXXX
EV/FCFXXX(26.3x)XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Ice Code Games Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Ice Code Games Margins & Growth Rates

Ice Code Games' revenue in the last fiscal year declined by (47%).

Ice Code Games' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.

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Ice Code Games Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue GrowthXXX(47%)XXXXXXXXX
EBITDA MarginXXX(8%)XXXXXXXXX
EBITDA GrowthXXX(97%)XXXXXXXXX
Revenue per EmployeeXXX$0.2MXXXXXXXXX
Opex per EmployeeXXX$0.2MXXXXXXXXX
Opex to RevenueXXX113%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Ice Code Games Public Comps

See public comps and valuation multiples for other Gaming - Console & PC comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Frozen WayXXXXXXXXXXXXXXXXXX
Vivid GamesXXXXXXXXXXXXXXXXXX
SonkaXXXXXXXXXXXXXXXXXX
Beyond FramesXXXXXXXXXXXXXXXXXX
Gaming FactoryXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Ice Code Games M&A Activity

Ice Code Games acquired XXX companies to date.

Last acquisition by Ice Code Games was on XXXXXXXX, XXXXX. Ice Code Games acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Ice Code Games

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Ice Code Games Investment Activity

Ice Code Games invested in XXX companies to date.

Ice Code Games made its latest investment on XXXXXXXX, XXXXX. Ice Code Games invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Ice Code Games

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Ice Code Games

When was Ice Code Games founded?Ice Code Games was founded in 2000.
Where is Ice Code Games headquartered?Ice Code Games is headquartered in Poland.
How many employees does Ice Code Games have?As of today, Ice Code Games has over 6 employees.
Is Ice Code Games publicly listed?Yes, Ice Code Games is a public company listed on Warsaw Stock Exchange.
What is the stock symbol of Ice Code Games?Ice Code Games trades under ICG ticker.
When did Ice Code Games go public?Ice Code Games went public in 2007.
Who are competitors of Ice Code Games?Ice Code Games main competitors are Frozen Way, Vivid Games, Sonka, Beyond Frames.
What is the current market cap of Ice Code Games?Ice Code Games' current market cap is $12M.
What is the current revenue of Ice Code Games?Ice Code Games' last fiscal year revenue is $1M.
What is the current EV/Revenue multiple of Ice Code Games?Current revenue multiple of Ice Code Games is 11.5x.
Is Ice Code Games profitable?No, Ice Code Games is not profitable.

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