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Extensive research

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

By Atte RiikolaAnalyst
Remedy Entertainment
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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 Figures13.09.2023

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 %0.6 %0.6 %
P/E (adj.)neg.neg.120.5
EV/EBITDA126.5neg.24.6

Forum discussions

Great trailer and the hype started nicely. Hopefully, the Remedyverse is hammered with a customizable sledgehammer into the black hole at the...
6 hours ago
by T4K1_
2
I will probably play this. Like most Remedy games. But compared to my expectations, the predominant feeling was disappointment. Perhaps most...
8 hours ago
by 1sarvinen
8
In my opinion, this doesn’t really matter to an investor whether the game is ultimately good or not. The hype train has now started big time...
9 hours ago
by Pohjolan Eka
20
Yes, the hype from Asmongold (4+ million followers) and other big YouTubers/social media influencers really does have an effect on generating...
12 hours ago
by amoult
8
Even Asmongold praised the trailer, so it can only be top-notch But seriously, it certainly looks good, and gameplay will surely determine its...
12 hours ago
by marmot76
7
That trailer was really nice to watch. It seems to have already gathered a lot of viewers and positive comments
14 hours ago
by Zesvel
7
That was indeed a great first trailer. You can immediately see that these main games are what Remedy truly invests in, and then there are the...
14 hours ago
by Wappie
10
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