Remedy: Confidently toward the earnings leap in Q4
Remedy’s Q3 figures were clearly below our expectations. This was mainly due to timing factors and a reminder of the major fluctuations in the company's business between quarters. In operational terms, Remedy's strategy and game projects have progressed as planned, and the company reiterated with confidence its outlook that anticipates earnings growth for the whole year. Thus, the big picture of the company's growth story remains unchanged and there are clear drivers behind the significant earnings growth expectations that have been built for Q4. In our estimate, Remedy's game projects that are under development will enable the company to take the next significant growth leap in 2023-2024. When looking at these years, we consider the share valuation attractive.
Login required
This content is only available for logged in users
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 Figures15.11.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 41.1 | 43.7 | 46.8 |
growth-% | 29.83 % | 6.44 % | 7.02 % |
EBIT (adj.) | 13.2 | 14.5 | 14.4 |
EBIT-% (adj.) | 32.23 % | 33.23 % | 30.87 % |
EPS (adj.) | 0.86 | 0.88 | 0.88 |
Dividend | 0.16 | 0.20 | 0.25 |
Dividend % | 0.42 % | 1.14 % | 1.42 % |
P/E (adj.) | 45.55 | 19.94 | 20.04 |
EV/EBITDA | 31.50 | 10.65 | 10.06 |