Video game company for the long run
Remedy has progressed as planned in all its strategic objectives since the IPO a year ago. The gaming projects have progressed as scheduled, and Remedy has advanced successfully to the simultaneous development of two large scale gaming projects. The company has a good relationship with two strong publishers, with whom we believe the co-operation has gone well thus far. Although the progress of the strategy does not yet reflect in the company’s numbers due to the developmental stage of the projects, the development going as planned has substantially decreased Remedy’s risk level when compared to last year. We expect the multi- project model strategy transition currently underway to start to bear fruit next year. We reiterate our buy recommendation and increase our target price to 8.50 EUR (previously 7.5 EUR).
Remedy Entertainment
Remedy Entertainment är en spelutvecklare. Verksamheten är främst inriktad mot utveckling av actionspel, med särskilt fokus på 3D-teknik. Exempel på spel som bolaget utvecklat inkluderar ett flertal olika versioner av Alan Wake, Max Payne, samt Control. Remedy utvecklar också sin egen spelmotor och verktygsteknologi som driver många av spelen. Bolaget grundades år 1995 och har sitt huvudkontor i Esbo.
Read more on company pageKey Estimate Figures2018-08-14
2017 | 18e | 19e | |
---|---|---|---|
Omsättning | 17,2 | 20,9 | 31,2 |
tillväxt-% | 4,59 % | 21,88 % | 49,11 % |
EBIT (adj.) | 2,6 | 0,4 | 7,7 |
EBIT-% | 15,05 % | 2,05 % | 24,74 % |
EPS (adj.) | 0,16 | 0,02 | 0,50 |
Utdelning | 0,00 | 0,00 | 0,20 |
Direktavkastning | 1,54 % | ||
P/E (just.) | 40,26 | 612,46 | 25,92 |
EV/EBITDA | 25,84 | 204,65 | 16,08 |