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Remedy: Back in the game

REMEDYResearch13.02.2024, 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 Figures12.02.2024

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.31.1
EV/EBITDA126.5neg.14.6

Forum discussions

Just over 24 hours later, the same figures. Yesterday’s comparison figures in parentheses. Global: 9 (12) USA: 7 (7) China: 9 (23) Germany: ...
1 hour ago
by Tirehtööri
1
I bet that visibility on the PS Store front page is moderately expensive advertising space (unless it’s included in some deal), but on the other...
3 hours ago
by Geologiopiskelija
0
Control Resonant is currently (at least in the Finnish) PlayStation Store prominently featured in the top spot. Edit: meaning I’m browsing the...
3 hours ago
by Sam75
5
Usually, the sequel to a game series sells better than the first one. The initial metacritics for Control were 82 in 2019. Now the reviews are...
4 hours ago
by Ledificazione
5
Metacritic would only need one more review starting with a 9 to go from 84 to 85. Now it looks like another 90-point review has come in, and...
4 hours ago
3
“Must-see” section doesn’t have Resonant. It has Silent Hill, GTA VI, Wolverine, The Blood of the Dawnwalker, etc. Resonant can be found, at...
5 hours ago
5
It’s quite tough for a tourist like me who’s used to Splinter Cell But the storytelling drew me in right away, movement is logical and smooth...
5 hours ago
by marmot76
10