Enthusiast Gaming Holdings Inc.

TSX:EGLX Stock Report

Market Cap: CA$27.0m

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$0.18) is trading below our estimate of fair value (CA$1.12)

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 Ratio0.3x
SalesCA$101.95m
Market CapCA$27.02m

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 Average16x
RSS RESAAS Services
54.2xn/aCA$20.8m
HOLD Immutable Holdings
1.3xn/aCA$7.8m
ILLM illumin Holdings
0.7x9.1%CA$89.0m
EQ EQ
7.8xn/aCA$75.9m
EGLX Enthusiast Gaming Holdings
0.3x-0.4%CA$27.0m

Price-To-Sales vs Peers: EGLX is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (16x).

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.1.3x10.8%
EGLX Enthusiast Gaming Holdings
 0.3x-0.4%US$19.33m
MDF mdf commerce
2.1x4.1%US$186.76m
FORA VerticalScope Holdings
1.9x8.7%US$128.61m
EGLX 0.3xIndustry Avg. 1.3xNo. of Companies13PS01224364860+
13 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.3x12.2%
EGLX Enthusiast Gaming Holdings
 0.3x140.4%US$19.33m
No more companies

Price-To-Sales vs Industry: EGLX is good value based on its Price-To-Sales Ratio (0.3x) 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 Ratio0.3x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: EGLX is good value based on its Price-To-Sales Ratio (0.3x) 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$0.17
CA$0.36
+104.8%
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$1.50n/a6
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
Nov ’23CA$0.87
CA$6.05
+595.4%
21.6%CA$7.25CA$4.00CA$0.365

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.

Discover undervalued companies

Cineplex

CA$635.0m

Operates as an entertainment and media company in Canada and internationally.

CGX

CA$9.99

7D

-0.1%

1Y

13.8%

Alphabet

US$2.2t

Offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America.

GOOG

US$29.52

7D

-1.9%

1Y

24.8%

Yellow Pages

CA$151.8m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.

Y

CA$11.03

7D

4.9%

1Y

-2.3%