Remedy: Strong growth story still stands
The company's ambitious growth strategy is progressing on the right track and we have not revised our estimates much. Thanks to a multi-project model that has been built with controlled risks and is well-managed, as well as a strong financial position, Remedy’s preconditions for developing successful games are good. In addition, favorable market trends help the company grow into a clearly larger game studio than currently over this decade. Due to the strongly progressing growth story we play the long game when it comes to share valuation.
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 Figures12.05.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 41.1 | 45.9 | 48.8 |
growth-% | 29.83 % | 11.76 % | 6.28 % |
EBIT (adj.) | 13.2 | 15.4 | 14.8 |
EBIT-% (adj.) | 32.23 % | 33.47 % | 30.26 % |
EPS (adj.) | 0.86 | 0.93 | 0.90 |
Dividend | 0.15 | 0.20 | 0.25 |
Dividend % | 0.38 % | 1.00 % | 1.24 % |
P/E (adj.) | 45.55 | 21.65 | 22.39 |
EV/EBITDA | 31.50 | 11.93 | 11.28 |