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Extensive research

Rovio: Value stock of the gaming industry

By Atte RiikolaAnalyst
Rovio Entertainment
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With the stable earnings we forecast for the coming years, Rovio's share valuation already looks very low, and we see room for upside. However, a significant upward correction in valuation requires a stronger earnings growth outlook, which Rovio also has the potential to achieve with the games under development, the further development of AB Journey and through acquisitions enabled by strong balance sheet. The strong cash flows of Rovio's current game portfolio give the company plenty of time to create new successful games. At the same time, the growth expectations loaded on the stock are moderate, which limits the downside in a scenario where the next game releases don’t take off. Thus, at current levels, we consider the stock's risk/return ratio attractive, although in the short term, challenging market conditions may create headwinds for the flight path of Angry Birds.

Forum discussions

The Evolution Exchange Gaming Podcast featured an interesting interview with Rovio’s CEO Alexandre Pelletier-Normand: Topics included Alexandre...
3/7/2024, 2:16 PM
by otsokarhu
1
Interest is paid for the period of 22.9.2023 - xx.01.2024, i.e., for about 4 months. The interest rate for 2023 is 7% and for 2024 it is 7.5...
1/3/2024, 12:01 AM
by sdfasdfw
2
So, for what period is this interest paid?
1/2/2024, 8:57 PM
by Roni
0
Trading is expected to be suspended during January, and at the earliest, the money (redemption price + interest) will be in the account in about...
1/2/2024, 3:17 PM
by MisterWiller
1
Trading is likely to be suspended during January, so there is still a bit of time to buy an “option” on the price increasing in court (though...
1/2/2024, 2:59 PM
by MisterWiller
1
How much will one eventually get for these Rovio shares? 9.25 was the official redemption price, the price is now 9.33 and it seems like many...
1/2/2024, 11:21 AM
by Jobao
0
Miten loput pakkolunastus osakkeet hyväksytään, kun vapaehtoinen myynti elokuussa jäi välistä? Pitääkö laittaa viestiä keskuskauppakamarin lunastuslai...
10/9/2023, 7:46 PM
by Lucifer
0
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