Evoke Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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 EIHD.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EIHD.F ($0.8) is trading below our estimate of fair value ($7.75)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EIHD.F?

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

The above table shows the Price to Sales ratio for EIHD.F. This is calculated by dividing EIHD.F's market cap by their current revenue.
What is EIHD.F's PS Ratio?
PS Ratio	0.1x
Sales	UK£1.69b
Market Cap	UK£245.46m

EIHD.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	11.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does EIHD.F's PS Ratio compare to its peers?

The above table shows the PS ratio for EIHD.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.3x
INSE Inspired Entertainment	0.9x	3.2%	US$263.4m
CDRO Codere Online Luxembourg	2.4x	17.7%	US$344.3m
AGS PlayAGS	1.2x	4.2%	US$477.2m
FLL Full House Resorts	0.6x	11.6%	US$173.0m
EIHD.F Evoke	0.1x	5.9%	US$245.5m

Price-To-Sales vs Peers: EIHD.F is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does EIHD.F's PS Ratio compare vs other companies in the US Hospitality Industry?

31 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	1.6x	10.1%
EIHD.F Evoke	0.1x	5.9%	US$307.57m
BLMN Bloomin' Brands	0.2x	-2.7%	US$1.12b
BALY Bally's	0.3x	2.2%	US$721.02m

31 Companies		Estimated Growth	Market Cap
Industry Avg.	1.6x	26.5%
EIHD.F Evoke	0.1x	99.0%	US$307.57m

No more companies

Price-To-Sales vs Industry: EIHD.F is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Hospitality industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is EIHD.F'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.

EIHD.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate EIHD.F's Price-To-Sales Fair Ratio for valuation analysis.

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 EIHD.F forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	n/a	US$1.40 0%	21.5%	US$1.82	US$0.95	n/a	6
Nov ’25	n/a	US$1.40 0%	21.5%	US$1.82	US$0.95	n/a	6
Oct ’25	US$0.84	US$1.39 +65.9%	21.8%	US$1.83	US$0.95	n/a	6
Sep ’25	US$0.96	US$1.39 +44.3%	21.5%	US$1.85	US$0.95	n/a	6
Aug ’25	US$0.75	US$1.49 +98.4%	25.9%	US$2.17	US$0.93	n/a	7
Jul ’25	US$1.03	US$1.77 +72.3%	20.3%	US$2.24	US$1.14	n/a	7
Jun ’25	US$1.05	US$1.67 +58.8%	24.9%	US$2.24	US$1.04	n/a	8
May ’25	n/a	US$1.65 0%	25.7%	US$2.20	US$1.04	n/a	8
Apr ’25	n/a	US$1.66 0%	25.5%	US$2.21	US$1.04	n/a	8
Mar ’25	US$1.07	US$1.63 +52.3%	27.4%	US$2.22	US$1.04	n/a	8
Feb ’25	US$0.98	US$1.63 +66.7%	27.5%	US$2.23	US$1.04	n/a	8
Jan ’25	n/a	US$1.75 0%	27.8%	US$2.54	US$1.14	n/a	8
Dec ’24	US$0.92	US$1.74 +90.2%	27.6%	US$2.54	US$1.14	n/a	8
Nov ’24	US$1.00	US$1.81 +80.7%	23.8%	US$2.54	US$1.14	n/a	8
Oct ’24	US$1.15	US$1.99 +73.3%	23.8%	US$2.54	US$1.22	US$0.84	9
Sep ’24	US$1.61	US$2.01 +24.8%	22.5%	US$2.54	US$1.23	US$0.96	9
Aug ’24	US$1.39	US$1.87 +34.4%	25.6%	US$2.44	US$1.11	US$0.75	8
Jul ’24	US$1.29	US$1.88 +45.5%	28.1%	US$2.57	US$1.06	US$1.03	9
Jun ’24	US$0.87	US$1.87 +115.1%	28.2%	US$2.57	US$1.06	US$1.05	9
May ’24	US$0.99	US$1.91 +93.2%	28.3%	US$2.72	US$1.22	n/a	9
Apr ’24	n/a	US$1.88 0%	28.9%	US$2.72	US$1.22	n/a	9
Mar ’24	US$0.83	US$1.88 +126.4%	28.9%	US$2.72	US$1.22	US$1.07	9
Feb ’24	US$0.87	US$2.22 +156.0%	39.0%	US$3.61	US$1.22	US$0.98	9
Jan ’24	US$1.02	US$2.54 +148.1%	38.5%	US$3.85	US$1.12	n/a	10
Dec ’23	US$1.31	US$2.70 +107.0%	41.3%	US$4.25	US$1.12	US$0.92	10
Nov ’23	US$1.07	US$2.67 +149.6%	38.8%	US$4.01	US$1.12	US$1.00	10

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.