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Remedy: Back in the game

REMEDYResearch2024-02-13 09:07
Atte RiikolaAnalyst
Discuss
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The investor sentiment around Remedy has recently soured, where we believe the key factors are the write-down of Vanguard’s development expenditure and the postponement of the financial statements based on publishing contract negotiations. In addition, uncertainty about Alan Wake 2’s commercial success causes uncertainty around the stock. We believe that the content of the publishing contract and the sales figures of AW2 will be clarified in connection with the financial statements (3/20) at the latest, and with the decreased valuation we feel Remedy's long-term potential looks interesting again.

Remedy Entertainment is a game developer. Its operations are primarily focused on the development of action games, with a particular focus on 3D technology. Examples of games that the company has developed include several different versions of Alan Wake, Max Payne, and Control. Remedy also develops its own game engine and tooling technology that powers many of its games. The company was founded in 1995 and is headquartered in Espoo, Finland.

Read more on company page

Key Estimate Figures2024-02-12

202223e24e
Revenue43.633.967.2
growth-%-2.5 %-22.2 %98.3 %
EBIT (adj.)-0.6-28.79.9
EBIT-% (adj.)-1.3 %-84.6 %14.8 %
EPS (adj.)-0.13-1.710.59
Dividend0.100.100.10
Dividend %0.5 %0.5 %0.5 %
P/E (adj.)neg.neg.30.8
EV/EBITDA126.5neg.14.4

Forum discussions

Well said @Relaaja. I agree. Clear short-term outperformance is inevitably difficult in this release window due to the competition. Especially...
21 hours ago
9
I’m currently playing through the original Control before Resonant’s release so I can get the most out of the story. Of course, it would be ...
21 hours ago
1
The shareholder list has been updated again, so it’s quite interesting that practically all net buyers have been on the nominee-registered side...
22 hours ago
by Hasty
13
Lorea, even if the trailers focus on the action itself: https://www.gamespot.com/articles/trust-us-were-remedy-control-resonant-will-have-plenty...
22 hours ago
by 1sarvinen
4
Perhaps I could add to my own comments that, despite the competition, success is still mostly up to Remedy itself. I consider it likely that...
yesterday
by Relaaja
9
Good to see that Control Ultimate is still selling well. And since players can get it cheap, many will likely buy Resonant as well. This is ...
yesterday
by 1sarvinen
6
I was already about to buy Onimusha, but the price tag was set pretty high. The price point is indeed so steep that I think it supports Resonant...
yesterday
by marmot76
2