Remedy: Strategy and game projects on track as planned
Remedy’s Q2 figures were mostly in line with our expectations and the company’s strategy and game projects are progressing as planned. This generates confidence that the projects under development enable a growth leap for the company after a few years. Given the company’s progressing strategy and new Control projects, the visibility to Remedy’s growth drivers is again a bit better. Thus, playing the long game with the company’s stock valuation is possible with more peace of mind than before.
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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 Figures16.08.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 41.1 | 46.3 | 49.1 |
growth-% | 29.83 % | 12.77 % | 5.86 % |
EBIT (adj.) | 13.2 | 15.6 | 14.7 |
EBIT-% (adj.) | 32.23 % | 33.76 % | 29.90 % |
EPS (adj.) | 0.86 | 0.95 | 0.89 |
Dividend | 0.15 | 0.20 | 0.25 |
Dividend % | 0.38 % | 1.20 % | 1.51 % |
P/E (adj.) | 45.55 | 17.46 | 18.62 |
EV/EBITDA | 31.50 | 9.07 | 8.76 |