Enthusiast Gaming Holdings Inc.

DB:2AV Stock Report

Market Cap: €16.1m

Enthusiast Gaming Holdings Valuation

Is 2AV 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 2AV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2AV (€0.08) is trading below our estimate of fair value (€0.56)

Significantly Below Fair Value: 2AV is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2AV?

Key metric: As 2AV is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2AV. This is calculated by dividing 2AV's market cap by their current revenue.
What is 2AV's PS Ratio?
PS Ratio0.2x
SalesCA$101.95m
Market CapCA$23.88m

Price to Sales Ratio vs Peers

How does 2AV's PS Ratio compare to its peers?

The above table shows the PS ratio for 2AV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.4x
YOC YOC
1.5x13.1%€54.6m
SB1 Smartbroker Holding
2.7x8.5%€134.3m
NWO New Work
1.2x-4.1%€369.8m
PU11 Social Chain
0.006xn/a€1.6m
2AV Enthusiast Gaming Holdings
0.2x-0.4%€23.9m

Price-To-Sales vs Peers: 2AV is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

How does 2AV's PS Ratio compare vs other companies in the European Interactive Media and Services Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.5x9.1%
2AV Enthusiast Gaming Holdings
 0.2x-0.4%US$17.04m
2AV 0.2xIndustry Avg. 1.5xNo. of Companies10PS01.63.24.86.48+
8 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.5x17.0%
2AV Enthusiast Gaming Holdings
 0.2x140.4%US$17.04m
No more companies

Price-To-Sales vs Industry: 2AV is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Interactive Media and Services industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is 2AV'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.

2AV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: 2AV is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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 2AV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.075
€0.25
+228.2%
60.0%€0.55€0.10n/a6
Nov ’25€0.091
€0.24
+160.4%
60.0%€0.53€0.10n/a6
Oct ’25€0.093
€0.24
+154.8%
60.0%€0.53€0.10n/a6
Sep ’25€0.095
€0.27
+180.6%
75.7%€0.70€0.099n/a6
Aug ’25€0.091
€0.30
+232.3%
62.5%€0.71€0.10n/a6
Jul ’25€0.083
€0.30
+268.6%
62.5%€0.71€0.10n/a6
Jun ’25€0.092
€0.30
+230.5%
62.5%€0.71€0.10n/a6
May ’25€0.11
€0.34
+202.1%
69.5%€0.85€0.14n/a6
Apr ’25€0.12
€0.56
+383.2%
68.1%€1.13€0.17n/a6
Mar ’25€0.13
€0.56
+341.8%
68.1%€1.13€0.17n/a6
Feb ’25€0.14
€0.61
+341.6%
75.5%€1.38€0.17n/a6
Jan ’25€0.18
€1.29
+601.3%
16.5%€1.68€1.01n/a6
Dec ’24€0.20
€1.29
+544.3%
16.5%€1.68€1.01n/a6
Nov ’24€0.23
€2.00
+751.4%
17.6%€2.57€1.37€0.0916
Oct ’24€0.31
€2.10
+572.6%
10.1%€2.55€1.87€0.0936
Sep ’24€0.37
€2.10
+469.3%
10.1%€2.55€1.87€0.0956
Aug ’24€0.53
€2.24
+324.2%
12.1%€2.57€1.75€0.0916
Jul ’24€0.40
€2.24
+466.0%
12.1%€2.57€1.75€0.0836
Jun ’24€0.38
€2.24
+490.6%
12.1%€2.57€1.75€0.0926
May ’24€0.36
€2.30
+529.2%
7.1%€2.51€2.01€0.116
Apr ’24€0.51
€2.33
+354.4%
7.1%€2.55€2.04€0.126
Mar ’24€0.61
€2.95
+379.5%
9.1%€3.25€2.53€0.136
Feb ’24€0.83
€2.95
+253.0%
9.1%€3.25€2.53€0.146
Jan ’24€0.48
€2.95
+508.2%
9.1%€3.25€2.53€0.186
Dec ’23€0.61
€2.95
+381.0%
9.1%€3.25€2.53€0.206
Nov ’23€0.66
€4.50
+582.6%
21.6%€5.39€2.97€0.235

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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