Remedy: Alan Wake 2 is right around the corner

In our view, Remedy's share valuation is already pricing in good success for Alan Wake 2, due for release on October 17, 2023, and other projects in the pipeline are also expected to create value. We are particularly confident in the success of the traditional AAA game projects under development, whereas the multiplayer projects Condor and especially Vanguard are the biggest question marks at this point. We find Remedy's investment story very interesting looking to the end of this decade, but the current valuation keeps us in a wait-and-see mood.
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 Figures13.08.2023
2022 | 23e | 24e |
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2022 | 23e | 24e | |
---|---|---|---|
Revenue | 43.6 | 36.2 | 60.1 |
growth-% | -2.5 % | -16.9 % | 66.1 % |
EBIT (adj.) | -0.6 | -13.8 | 5.1 |
EBIT-% (adj.) | -1.3 % | -38.1 % | 8.5 % |
EPS (adj.) | -0.13 | -0.82 | 0.29 |
Dividend | 0.10 | 0.10 | 0.10 |
Dividend % | 0.5 % | 0.6 % | 0.6 % |
P/E (adj.) | - | - | 55.71 |
EV/EBITDA | 126.51 | - | 14.71 |