Remedy: Major strategic decision ahead
After a flurry of news over the past few months, the Q4 report offered little of substance. The outlook for improvement was also of limited informative value, as the decision to choose a publishing partner or to self-publish Condor and Control 2 will have a material impact on Remedy's near-term figures. This is an important long-term strategic decision that will shape the company's direction for the next decade. Given the potential of the Control franchise, we believe that the company will work towards self-publishing both or one of the projects, which will also require additional funding. Remedy's long-term potential is very attractive and at the current valuation we see the risk/reward ratio as a reason to stay long with the stock.
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 Figures20.03.
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 33.9 | 50.4 | 59.5 |
growth-% | -22.15 % | 48.57 % | 18.00 % |
EBIT (adj.) | -28.6 | -12.6 | -4.3 |
EBIT-% (adj.) | -84.37 % | -24.96 % | -7.24 % |
EPS (adj.) | -1.68 | -0.72 | -0.25 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | - | - | - |
EV/EBITDA | - | - | 197.24 |