Remedy Entertainment
13.02
EUR
+0.93 %
REMEDY
NASDAQ Helsinki
Software
Technology
11,170 following
+0.93%
-0.76%
-18.73%
-23.59%
-34.9%
-48.74%
-50.87%
-67.57%
+23.41%
+94.62%
investors.remedygames.com
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.
P/E (adj.) (24e)
-31.42
EV/EBIT (adj.) (24e)
-23.94
P/B (24e)
2.85
Dividend yield-% (24e)
-
Target price
19.00 EUR
Recommendation
Buy
Updated
19.11.2024
NASDAQ Helsinki
REMEDY
Daily low / high price
12.92 / 13.28
EUR
Market cap
176.74M EUR
Turnover
50.95K EUR
Volume
3.9K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Atte Riikola
Analyst
Latest videos
Financial calendar
Annual report
12.02.2025
General meeting
10.04.2025
Business review
30.04.2025
Interim report
12.08.2025
Business review
29.10.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41.1 | 44.7 | 43.6 | 33.9 | 48.6 | 62.3 | 62.7 | 88.3 |
| growth-% | 29.8 % | 8.9 % | -2.5 % | -22.2 % | 43.2 % | 28.3 % | 0.6 % | 40.8 % |
| EBITDA | 14.0 | 14.5 | 1.9 | -17.0 | -0.1 | 8.0 | 7.8 | 22.0 |
| EBIT (adj.) | 7.2 | 11.4 | -0.6 | -28.6 | -7.1 | 1.5 | -2.4 | 3.1 |
| EBIT | 7.2 | 11.4 | -0.6 | -28.6 | -7.1 | 1.5 | -2.4 | 3.1 |
| Profit before taxes | 7.0 | 11.3 | -1.2 | -27.5 | -6.7 | 1.5 | -2.4 | 3.0 |
| Net income | 5.4 | 8.8 | -1.7 | -22.7 | -5.6 | 1.2 | -1.9 | 2.4 |
| EPS (adj.) | 0.45 | 0.67 | -0.13 | -1.68 | -0.41 | 0.09 | -0.14 | 0.17 |
| growth-% | 3.3 % | 50.1 % | -119.1 % | -256.1 % | ||||
| Dividend | 0.16 | 0.17 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend ratio | 36.2 % | 25.7 % | -77.9 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 34.0 % | 32.3 % | 4.4 % | -50.0 % | -0.3 % | 12.8 % | 12.4 % | 24.9 % |
| EBIT-% (adj.) | 17.6 % | 25.5 % | -1.3 % | -84.4 % | -14.7 % | 2.4 % | -3.8 % | 3.5 % |
| EBIT-% | 17.6 % | 25.5 % | -1.3 % | -84.4 % | -14.7 % | 2.4 % | -3.8 % | 3.5 % |
| ROE | 17.3 % | 14.2 % | -2.0 % | -29.0 % | -8.7 % | 1.9 % | -3.0 % | 3.8 % |
| ROI | 20.2 % | 17.1 % | -0.6 % | -35.2 % | -9.4 % | 1.9 % | -3.0 % | 3.9 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 39.00 | 39.70 | 21.85 | 25.40 | 13.02 | 13.02 | 13.02 | 13.02 |
| Shares | 12.1 | 13.3 | 13.4 | 13.5 | 13.6 | 13.7 | 13.8 | 13.9 |
| Market cap | 470.8 | 528.0 | 293.9 | 342.7 | 176.9 | 178.1 | 179.4 | 180.7 |
| Enterprise value | 452.8 | 473.3 | 241.0 | 315.9 | 170.8 | 178.9 | 180.8 | 172.4 |
| EV/S | 11.0 | 10.6 | 5.5 | 9.3 | 3.5 | 2.9 | 2.9 | 2.0 |
| EV/EBITDA | 32.5 | 32.8 | 126.5 | - | - | 22.4 | 23.2 | 7.9 |
| EV/EBIT (adj.) | 62.5 | 41.5 | - | - | - | 119.3 | - | 55.7 |
| EV/EBIT | 62.5 | 41.5 | - | - | - | 119.3 | - | 55.7 |
| P/E (adj.) | 87.0 | 59.0 | - | - | - | 148.4 | - | 75.3 |
| P/E | 87.0 | 59.0 | - | - | - | 148.4 | - | 75.3 |
| P/B | 13.0 | 6.0 | 3.3 | 5.1 | 2.8 | 2.8 | 2.9 | 2.8 |
| P/S | 11.5 | 11.8 | 6.7 | 10.1 | 3.6 | 2.9 | 2.9 | 2.0 |
| Dividend yield | 0.4 % | 0.4 % | 0.5 % | |||||
| Equity ratio | 70.4 % | 86.4 % | 88.8 % | 85.5 % | 68.0 % | 70.5 % | 70.0 % | 69.2 % |
| Gearing ratio | -49.8 % | -62.5 % | -59.8 % | -39.5 % | -9.8 % | 1.3 % | 2.3 % | -12.9 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.3 | 33.9 | 10.8 | 10.3 | 17.9 | 9.6 | 48.6 | 11.4 | 10.5 |
| EBITDA | -3.9 | -17.0 | -1.2 | -2.4 | 6.7 | -3.2 | -0.1 | -1.2 | -2.3 |
| EBIT | -12.7 | -28.6 | -2.1 | -3.2 | 2.4 | -4.2 | -7.1 | -2.2 | -3.3 |
| Profit before taxes | -12.0 | -27.5 | -2.0 | -2.9 | 2.4 | -4.1 | -6.7 | -2.2 | -3.3 |
| Net income | -9.9 | -22.7 | -2.0 | -2.2 | 1.9 | -3.3 | -5.6 | -1.7 | -2.6 |
ShowingAll content types
Remedy Capital Markets Day 2024
Remedy Entertainment Plc: Remedy’s strategy 2025–2030 and financial objectives
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Remedy Entertainment Plc: Invitation and agenda to Remedy’s Capital Markets Day on November 19, 2024
Remedy Q3'24: Long-term potential is building
Remedy Q3'24 flash comment: Figures above expectations, but AW2 sales development disappointing
Remedy Entertainment Plc: Remedy’s financial reporting and Annual General Meeting 2025
Remedy Entertainment Plc: Business Review January-September 2024: Remedy moves to self-publishing with Control franchise supported by a strong strategic partnership and financing
