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Extensive research

Remedy (Extensive Report): Leveling up requires more patient play

By Atte RiikolaAnalyst
Remedy Entertainment
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Remedy is now building the next growth leap of its strategy with the 5 major game projects under development. This will be reflected in rising costs between 2022 and 2023, but enable significant earnings growth particularly in 2025-2026, driven by increasing royalty income. In terms of long-term growth potential, we see the share's risk/return ratio as attractive, but with our lowered forecasts, this will take longer to materialize than previously expected. Thus, in the short term, the attractiveness of the stock has weakened compared to our previous estimates.

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 Figures2022-06-02

202122e23e
Revenue44.748.146.6
growth-%8.9 %7.4 %-3.0 %
EBIT (adj.)11.46.70.6
EBIT-% (adj.)25.5 %13.9 %1.4 %
EPS (adj.)0.670.390.03
Dividend0.170.170.17
Dividend %0.4 %1.2 %1.2 %
P/E (adj.)59.037.4458.3
EV/EBITDA33.016.844.5

Forum discussions

Gaudechon spent over 15 years at EA across two stints at the U.S. publisher, where he assumed profit and loss responsibility for the group’s...
7 hours ago
by Pohjolan Eka
4
A surprising choice. It is a plus, however, that they went with an international recruit. In the release, there is a clear communicative effort...
7 hours ago
7
Quote spotted on Reddit from the man’s LinkedIn profile Built strategic partnerships with Tencent, Nexon, and Garena to expand EA’s reach in...
8 hours ago
by Spwni
9
Yep, the gaming-side expertise doesn’t immediately impress, but the guy seems to have quite a lot of experience in the Asian markets. It’s been...
9 hours ago
by Hasty
5
Yay, we’re getting microtransactions and NFTs in Remedy’s games. After all, the guy worked on FIFA, among other things, and his latest stint...
9 hours ago
by Trivial
15
Inderes Remedy Entertainment Oyj: Jean-Charles Gaudechon on nimitetty Remedyn... Remedy Entertainment Oyj Pörssitiedote 9.2.2026 kello 18:30...
10 hours ago
by TJT
18
If it’s a Q2 release, then a gameplay/release date trailer could be expected. If it moves to Q3, then there are even more opportunities to showcase...
11 hours ago
by Hasty
6
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