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Remedy: Back in the game

REMEDYResearch13.02.2024, 09.07
Atte RiikolaAnalyst
Discuss
Download report (PDF)

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 %0.6 %0.6 %
P/E (adj.)neg.neg.28.4
EV/EBITDA126.5neg.13.1

Forum discussions

Sonylta on vielä kuukauden ”top downloads” -listakin tulematta. Yleensä nämä ilmestyvät kuun 10. mennessä, mutta Remedy-sijoittajan kannalta...
11 hours ago
by Spwni
3
Eiköhön ilmoitus tule torstaina tai perjantaina ennen pörssin aukeamista, jos on tullakseen. Circanan datan perusteella oli Steamissa pelaajam...
12 hours ago
5
Physical copies have started trickling into people’s hands. Someone already popped up on X, and I just got a shipping notification from Konsolinet...
15 hours ago
by Spwni
6
I dug up some old forum posts regarding the review counts for Alan Wake 2 on PlayStation. Playstation In a comparable sales timeframe on PlayStation...
yesterday
22
Se on harmi, kun Remedyn pelien kappalemyynnistä iso osa tulee halvalla hinnalla. Jos näihin arvioihin voi luottaa, niin sekä alkuperäinen Alan...
10/10/2026, 2:52 PM
by HarhaanJohtaja
13
Except if we take it a step further and look at these initial sales figures from a marketing perspective. As we can see, practically all the...
10/10/2026, 9:39 AM
by Henkka
4
Kiitos @Akee ! Paljon uutta tietoa itselle. Olen siis ollut aivan kujalla tässäkin asiassa. Eli näillä tiedoilla Remedyn kannattaa riskien minimoimise...
10/10/2026, 5:27 AM
by amoult
3