Enthusiast Gaming Holdings Inc.

TSX:EGLX Stock Report

Market Cap: CA$22.3m

Enthusiast Gaming Holdings Valuation

Is EGLX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EGLX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EGLX (CA$0.14) is trading below our estimate of fair value (CA$1.03)

Significantly Below Fair Value: EGLX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EGLX?

Key metric: As EGLX is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for EGLX. This is calculated by dividing EGLX's market cap by their current revenue.
What is EGLX's PS Ratio?
PS Ratio0.2x
SalesCA$101.95m
Market CapCA$22.28m

Price to Sales Ratio vs Peers

How does EGLX's PS Ratio compare to its peers?

The above table shows the PS ratio for EGLX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average16.1x
RSS RESAAS Services
54.2xn/aCA$20.8m
HOLD Immutable Holdings
1.7xn/aCA$9.8m
EQ EQ
7.7xn/aCA$73.1m
ILLM illumin Holdings
0.8x9.1%CA$98.8m
EGLX Enthusiast Gaming Holdings
0.2x-0.4%CA$22.3m

Price-To-Sales vs Peers: EGLX is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (16.1x).

Price to Sales Ratio vs Industry

How does EGLX's PS Ratio compare vs other companies in the CA Interactive Media and Services Industry?

13 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.2x10.8%
EGLX Enthusiast Gaming Holdings
 0.2x-0.4%US$15.52m
MDF mdf commerce
2.1x4.1%US$186.76m
FORA VerticalScope Holdings
2.3x8.7%US$150.72m
EGLX 0.2xIndustry Avg. 1.2xNo. of Companies13PS01224364860+
13 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.2x12.2%
EGLX Enthusiast Gaming Holdings
 0.2x140.4%US$15.52m
No more companies

Price-To-Sales vs Industry: EGLX is good value based on its Price-To-Sales Ratio (0.2x) compared to the North American Interactive Media and Services industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is EGLX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EGLX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: EGLX is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EGLX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$0.14
CA$0.36
+165.4%
60.0%CA$0.80CA$0.15n/a6
Dec ’25CA$0.15
CA$0.36
+138.9%
60.0%CA$0.80CA$0.15n/a6
Nov ’25CA$0.14
CA$0.36
+156.0%
60.0%CA$0.80CA$0.15n/a6
Oct ’25CA$0.15
CA$0.36
+138.9%
60.0%CA$0.80CA$0.15n/a6
Sep ’25CA$0.14
CA$0.40
+185.7%
75.7%CA$1.05CA$0.15n/a6
Aug ’25CA$0.14
CA$0.45
+221.4%
62.5%CA$1.05CA$0.15n/a6
Jul ’25CA$0.13
CA$0.45
+260.0%
62.5%CA$1.05CA$0.15n/a6
Jun ’25CA$0.14
CA$0.45
+233.3%
62.5%CA$1.05CA$0.15n/a6
May ’25CA$0.17
CA$0.50
+203.0%
69.5%CA$1.25CA$0.20n/a6
Apr ’25CA$0.20
CA$0.81
+294.3%
68.1%CA$1.65CA$0.25n/a6
Mar ’25CA$0.20
CA$0.81
+304.2%
68.1%CA$1.65CA$0.25n/a6
Feb ’25CA$0.20
CA$0.89
+345.8%
75.5%CA$2.00CA$0.25n/a6
Jan ’25CA$0.28
CA$1.92
+572.5%
16.5%CA$2.50CA$1.50n/a6
Dec ’24CA$0.34
CA$1.92
+472.1%
16.5%CA$2.50CA$1.50CA$0.156
Nov ’24CA$0.36
CA$2.92
+710.2%
17.6%CA$3.75CA$2.00CA$0.146
Oct ’24CA$0.47
CA$3.08
+563.1%
10.1%CA$3.75CA$2.75CA$0.156
Sep ’24CA$0.55
CA$3.08
+460.6%
10.1%CA$3.75CA$2.75CA$0.146
Aug ’24CA$0.81
CA$3.26
+302.3%
12.1%CA$3.75CA$2.55CA$0.146
Jul ’24CA$0.65
CA$3.26
+401.3%
12.1%CA$3.75CA$2.55CA$0.136
Jun ’24CA$0.57
CA$3.26
+471.6%
12.1%CA$3.75CA$2.55CA$0.146
May ’24CA$0.57
CA$3.43
+502.3%
7.1%CA$3.75CA$3.00CA$0.176
Apr ’24CA$0.81
CA$3.43
+323.9%
7.1%CA$3.75CA$3.00CA$0.206
Mar ’24CA$0.91
CA$4.08
+348.7%
9.1%CA$4.50CA$3.50CA$0.206
Feb ’24CA$1.35
CA$4.08
+202.5%
9.1%CA$4.50CA$3.50CA$0.206
Jan ’24CA$0.74
CA$4.08
+451.8%
9.1%CA$4.50CA$3.50CA$0.286
Dec ’23CA$0.96
CA$4.08
+325.3%
9.1%CA$4.50CA$3.50CA$0.346

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 00:18
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Enthusiast Gaming Holdings Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael CrawfordB. Riley Securities, Inc.
Robert YoungCanaccord Genuity
Derek SoderbergColliers Securities