Remedy: Things will start to happen in less than a year
We have examined our assumptions about Remedy’s game projects and cost structure, which resulted in our earnings estimates for 2023 declining, but our longer-term estimates that determine the direction of the company's investment story remain unchanged. In 2023, Remedy is still clearly in an investment phase as the company builds its strategy for the next growth leap with 5 major gaming projects under development. However, the company's investment story is entering an interesting phase in less than a year with the launch of Alan Wake 2, which is also a key short-term driver for the share.
Remedy Entertainment
Remedy Entertainment is a game developer. The business is primarily focused on the development of action games, with a particular focus on 3D technology. Examples of games developed by the company include several different versions of Alan Wake, Max Payne, and Control. Remedy also develops its own game engine and utility technology that powers many of the games. The company was founded in 1995 and has its headquarters in Espoo.
Read more on company pageKey Estimate Figures27.12.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 44.7 | 43.2 | 38.2 |
growth-% | 8.86 % | -3.49 % | -11.51 % |
EBIT (adj.) | 11.4 | -1.6 | -10.7 |
EBIT-% (adj.) | 25.50 % | -3.66 % | -27.96 % |
EPS (adj.) | 0.67 | -0.18 | -0.64 |
Dividend | 0.17 | 0.17 | 0.17 |
Dividend % | 0.43 % | 0.90 % | 0.90 % |
P/E (adj.) | 59.01 | - | - |
EV/EBITDA | 32.96 | 253.54 | - |