Remedy: Excitement builds ahead of AW2 release
Remedy's Q1 figures were weak as expected, with the company's 5 game projects in development this year mainly showing up as costs in the income statement. However, the company's investment story is about to enter an interesting phase with the release of Alan Wake 2 at the end of the year, which will also be a key short-term driver for the stock. At the current valuation, we continue to take a cautiously positive view towards the game's release.
Remedy Entertainment
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 pageKey Estimate Figures2023-04-26
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 43.6 | 36.3 | 62.1 |
growth-% | -2.54 % | -16.70 % | 71.02 % |
EBIT (adj.) | -0.6 | -11.8 | 6.8 |
EBIT-% (adj.) | -1.29 % | -32.36 % | 11.00 % |
EPS (adj.) | -0.13 | -0.88 | 0.40 |
Dividend | 0.10 | 0.10 | 0.17 |
Dividend % | 0.46 % | 0.58 % | 0.99 % |
P/E (adj.) | - | - | 43.13 |
EV/EBITDA | 126.51 | - | 13.86 |