Remedy Entertainment Oyj (REMEDY.HE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-243.8%

-€23.85

vs €16.58 price

Levered DCF

-€12.59

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.2

Safe zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-15.83×	-52.07×	-15.12×	-168.08×	59.25×	45.35×	26.63×	153.06×
P/B	3.66×	2.78×	5.05×	3.3×	5.93×	13.3×	5.24×	3.65×
P/S	3.48×	3.76×	10.09×	6.69×	11.58×	11.46×	4.37×	4.04×
EV / EBITDA	50.83×	66.04×	-13.32×	167.82×	34.49×	31.16×	16.63×	55.72×
Gross margin	23.2%	67.3%	50.4%	73.0%	118.8%	96.4%	93.1%	87.3%
Operating margin	-7.3%	-8.4%	-84.4%	-1.3%	25.5%	32.2%	20.6%	3.0%
Net margin	-21.9%	-7.1%	-66.8%	-4.0%	19.7%	25.2%	16.6%	2.6%
Current ratio	3.25×	2.9×	4.41×	6.78×	6.69×	3.71×	5.27×	8.37×
Debt / equity	0.32×	0.23×	0.05×	0.03×	0.04×	0.1×	0.14×	0.13×
Interest coverage	-2.18×	-13.25×	-329.05×	-0.78×	49.81×	27.73×	35.6×	4.41×
Dividend yield	0.0%	0.0%	0.4%	0.8%	0.4%	0.3%	0.9%	0.0%
Payout ratio	0.0%	0.0%	-5.9%	-131.0%	22.3%	12.8%	23.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-23.0%	-5.2%	-33.4%	-2.0%	10.1%	29.2%	19.9%	2.4%
Return on invested capital	-4.8%	-4.8%	-33.0%	-0.6%	9.8%	27.1%	17.4%	1.9%
Return on assets	-14.9%	-3.6%	-28.6%	-1.7%	8.8%	21.4%	14.6%	1.9%
Free cash flow yield	0.3%	2.9%	-5.4%	0.1%	-1.4%	1.2%	-2.1%	-0.8%
Earnings yield	-6.3%	-1.9%	-6.6%	-0.6%	1.7%	2.2%	3.8%	0.7%
Enterprise value	€215.5M	€185.4M	€325.9M	€245.7M	€470.4M	€450.8M	€122.3M	€61.4M
Net debt / EBITDA	2.03×	-1.84×	0.67×	-31.45×	-3.49×	-1.38×	-2.16×	-18.23×
Cash conversion cycle (days)	-5	29	148	46	240	-158	-13	-316