(UBI) Ubisoft Entertainment - PA
Sector: Communication Services | Industry: Electronic Gaming & Multimedia | Exchange: PA (France) | Market Cap: 701m EUR | Total Return: -49.3% in 12m
Avg Turnover: 6.28M
Warnings
Interest Coverage Ratio -17.8 is critical
Altman Z'' -0.63 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
Ubisoft Entertainment SA is a French video game publisher and developer that manages a global portfolio of interactive entertainment across consoles, PCs, and mobile devices. Founded in 1986, the company maintains a vertically integrated business model, overseeing the entire lifecycle of its titles from initial software engineering and engine development to international distribution.
The Interactive Home Entertainment sector has increasingly shifted toward a Games as a Service (GaaS) model, where companies prioritize recurring revenue through digital updates and in-game purchases over one-time physical sales. Ubisoft operates in a highly hits-driven industry where the success of major franchises and proprietary game engines serves as a primary barrier to entry against smaller competitors.
Investors can evaluate the company’s long-term valuation trends and financial health by reviewing the detailed metrics available on ValueRay.
- Back-catalog performance and live-service recurring revenue stabilize long-term cash flows
- Major franchise delays or underperformance impact annual net bookings and share price
- Tencents ownership stake and potential buyout rumors drive significant equity volatility
- High research and development costs for AAA titles pressure operating profit margins
- Shift toward mobile and free-to-play markets diversifies global player acquisition strategy
| Net Income: -1.48b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -14.35 > 1.0 |
| NWC/Revenue: 80.76% < 20% (prev 35.66%; Δ 45.09% < -1%) |
| CFO/TA 0.07 > 3% & CFO 280.4m > Net Income -1.48b |
| Net Debt (740.1m) to EBITDA (376.1m): 1.97 < 3 |
| Current Ratio: 2.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (132.3m) vs 12m ago -22.86% < -2% |
| Gross Margin: -25.71% > 18% (prev 89.33%; Δ -115.0% > 0.5%) |
| Asset Turnover: 32.29% > 50% (prev 40.41%; Δ -8.12% > 0%) |
| Interest Coverage Ratio: -17.81 > 6 (EBIT TTM -1.21b / Interest Expense TTM 68.1m) |
| A: 0.29 (Total Current Assets 1.85b - Total Current Liabilities 725.3m) / Total Assets 3.95b |
| B: -0.37 (Retained Earnings -1.48b / Total Assets 3.95b) |
| C: -0.28 (EBIT TTM -1.21b / Avg Total Assets 4.32b) |
| D: 0.57 (Book Value of Equity 1.47b / Total Liabilities 2.55b) |
| Altman-Z'' = -0.63 = B |
| DSRI: 1.38 (Receivables 502.5m/494.7m, Revenue 1.40b/1.90b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.72 (AQ_t 0.44 / AQ_t-1 0.61) |
| SGI: 0.73 (Revenue 1.40b / 1.90b) |
| TATA: -0.44 (NI -1.48b - CFO 280.4m) / TA 3.95b) |
| Beneish M = -3.12 (Cap -4..+1) = AA |
As of June 11, 2026, the stock is trading at EUR 4.83 with a total of 784,228 shares traded.
Over the past week, the price has changed by -9.28%,
over one month by -3.38%,
over three months by +21.61% and
over the past year by -49.28%.
Ubisoft Entertainment has no consensus analysts rating.
P/E Forward = 9.8425
P/S = 0.5024
P/B = 0.4654
P/EG = 2.6751
Revenue TTM = 1.40b EUR
EBIT TTM = -1.21b EUR
EBITDA TTM = 376.1m EUR
Long Term Debt = 1.50b EUR (from longTermDebt, two quarters ago)
Short Term Debt = 65.5m EUR (from shortTermDebt, last quarter)
Debt = 2.09b EUR (from shortLongTermDebtTotal, last quarter) + Leases 291.2m
Net Debt = 740.1m EUR (calculated: Debt 2.09b - CCE 1.35b)
Enterprise Value = 1.44b EUR (701.2m + Debt 2.09b - CCE 1.35b)
Interest Coverage Ratio = -17.81 (Ebit TTM -1.21b / Interest Expense TTM 68.1m)
EV/FCF = 5.87x (Enterprise Value 1.44b / FCF TTM 245.6m)
FCF Yield = 17.04% (FCF TTM 245.6m / Enterprise Value 1.44b)
FCF Margin = 17.60% (FCF TTM 245.6m / Revenue TTM 1.40b)
Net Margin = -105.7% (Net Income TTM -1.48b / Revenue TTM 1.40b)
Gross Margin = -25.71% ((Revenue TTM 1.40b - Cost of Revenue TTM 1.75b) / Revenue TTM)
Gross Margin QoQ = -91.94% (prev 48.57%)
Tobins Q-Ratio = 0.37 (Enterprise Value 1.44b / Total Assets 3.95b)
Interest Expense / Debt = 3.26% (Interest Expense 68.1m / Debt 2.09b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = -909.6m (EBIT -1.21b * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 2.55 (Total Current Assets 1.85b / Total Current Liabilities 725.3m)
Debt / Equity = 1.42 (Debt 2.09b / totalStockholderEquity, last quarter 1.47b)
Debt / EBITDA = 1.97 (Net Debt 740.1m / EBITDA 376.1m)
Debt / FCF = 3.01 (Net Debt 740.1m / FCF TTM 245.6m)
Total Stockholder Equity = 1.63b (last 4 quarters mean from totalStockholderEquity)
RoA = -34.13% (Net Income -1.48b / Total Assets 3.95b)
RoE = -90.46% (Net Income TTM -1.48b / Total Stockholder Equity 1.63b)
RoCE = -38.70% (EBIT -1.21b / Capital Employed (Equity 1.63b + L.T.Debt 1.50b))
RoIC = -28.28% (negative operating profit) (NOPAT -909.6m / Invested Capital 3.22b)
WACC = 4.27% (E(701.2m)/V(2.79b) * Re(9.67%) + D(2.09b)/V(2.79b) * Rd(3.26%) * (1-Tc(0.25)))
Discount Rate = 9.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 49.44 | Cagr: 4.43%
[DCF] Terminal Value 73.10% ; FCFF base≈534.2m ; Y1≈468.4m ; Y5≈378.5m
[DCF] Fair Price = 39.24 (EV 6.07b - Net Debt 740.1m = Equity 5.33b / Shares 135.9m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -4.02 | Revenue CAGR: -1.03% | SUE: -0.24 | # QB: 0
EPS current Year (2027-03-31): EPS=-1.06 | Chg30d=N/A | Revisions=-60% | GrowthEPS=+88.7% | GrowthRev=-6.4%
EPS next Year (2028-03-31): EPS=0.13 | Chg30d=N/A | Revisions=-33% | GrowthEPS=+112.2% | GrowthRev=+19.0%
[Analyst] Revisions Ratio: -60%