Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Research

Remedy: Vanguard relaunch included in estimates

By Atte RiikolaAnalyst
Remedy Entertainment
Download report (PDF)

We have updated our estimates to include the reboot of the Vanguard project under the codename Kestrel. As a result, cash flows from Remedy’s projects will focus slightly more at the end of this decade. Overall, Remedy’s share valuation prices good success for future games, which we believe is also justified in light of AW2’s excellent reception. The positive momentum around AW2 is also a clear driver supporting the share in the short term. As a whole, the risk/return ratio is now too thin in the neutral scenario in line with our estimates, although the hit game option associated with each game project can change the situation quickly.

Remedy Entertainment

28.85EUR15.11.2023, 18.00
29EURTarget price
Reduce
Changed from:Accumulate
Recommendation updated:15.11.2023

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 page

Key Estimate Figures15.11.2023

202223e24e
Revenue43.631.570.1
growth-%-2.5 %-27.7 %122.4 %
EBIT (adj.)-0.6-20.617.6
EBIT-% (adj.)-1.3 %-65.2 %25.1 %
EPS (adj.)-0.13-1.221.04
Dividend0.100.100.10
Dividend %0.5 %0.7 %0.7 %
P/E (adj.)neg.neg.13.8
EV/EBITDA126.5neg.7.1
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team