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Remedy: Results of years of development will be put to test soon

REMEDYExtensive research2023-09-14 12:32
Atte RiikolaAnalyst
Discuss
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With the release of Alan Wake 2 on October 27, the company’s investor story is gradually moving into a phase of profitable growth after years of strong investment. In our view, the valuation of the stock already prices Alan Wake 2 for good success, and the other projects in the pipeline are also expected to create value. We are particularly confident in the success of the traditional AAA game projects under development, whereas the multiplayer projects Condor and especially Vanguard are the biggest question marks at this point. We find Remedy's investment story very interesting looking to the end of this decade, but the current valuation keeps us in a wait-and-see mood.

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 Figures2023-09-13

202223e24e
Revenue43.635.755.1
growth-%-2.5 %-18.1 %54.4 %
EBIT (adj.)-0.6-14.32.4
EBIT-% (adj.)-1.3 %-40.0 %4.4 %
EPS (adj.)-0.13-0.850.14
Dividend0.100.100.10
Dividend %0.5 %0.5 %0.5 %
P/E (adj.)neg.neg.135.8
EV/EBITDA126.5neg.28.2

Forum discussions

Oho - Remedy definitely has strong confidence in the game! Reviews are coming already by the end of next week. At least player expectations ...
8 hours ago
19
Sony the Target of Internet-Wide Hatred - Resonant as a Collateral Victim? Let’s start with the negative. Sony is in an insanely deep PR mess...
17 hours ago
21
I assume MPR is pretty much ready, since it has been in full production longer than Control: Resonant (of course, it’s possible the development...
17 hours ago
by TechLead
6
Only guesses and predictions so far, but I personally believe they are aiming for Christmas, in line with the Max Payne theme. Whether that’...
22 hours ago
by MyrtsiZzz
3
Has there been any new or more detailed information about the Max Payne Remake release date, etc.? Although my expectations for Control Resonant...
yesterday
by Zesvel
3
A few hours ago, when I checked the figures for Sep 11, we were at rank 90. Now, however, in just a couple of hours, it has risen further and...
yesterday
19
The same clip was just released on the PlayStation YouTube channel as well
yesterday
by timontti
9