EGLXF · OTC · United States · Services-Amusement & Recreation Services

Enthusiast Gaming Holdings Inc. / Canada

Toronto, Canada (Federal Level) · Fiscal year ends in December · Figures in CAD

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In shortEnthusiast Gaming Holdings Inc. / Canada is loss-making.

Financial health

Weak

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability0

Operating marginShare of each sale left after running the business, before interest and tax.	–	n/a
Net marginShare of each sale left as profit after every cost, interest and tax.	-37.9%	0/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	-29.7%	0/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	–	n/a

Weight in the score: 25%

Balance sheet1

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	0.81×	1/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	–	n/a
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	–	n/a
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	–	n/a
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	–	n/a

Weight in the score: 25%

Cash generation0

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	-13.1%	0/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	–	n/a
Years with positive free cash flow (last 5)	0 of 3	0/100

Weight in the score: 20%

Stability33
Profitable years (last 5) 0 of 3 0/100
Years of revenue decline (last 5) 0 of 2 100/100
Revenue growth volatility 76.5% 0/100
Operating margin volatility – n/a
Weight in the score: 20%
Growth–
Revenue growth, 3-year average – n/a
EPS growth, 3-year average – n/a
Weight in the score: 10%

Profitable years (last 5)	0 of 3	0/100
Years of revenue decline (last 5)	0 of 2	100/100
Revenue growth volatility	76.5%	0/100
Operating margin volatility	–	n/a

Revenue growth, 3-year average	–	n/a
EPS growth, 3-year average	–	n/a

Fiscal year 2022 · change vs prior year

Revenue: C$ 202.8M; ▲ 21.2%
Net income: −C$ 76.8M; ▼ 47.6%
Free cash flow: −C$ 26.6M; ▼ 12.5%
Operating margin: –; –
Cash & investments: C$ 7.5M; –
Total debt: –; –
Diluted EPS: –; –
Return on equity: −29.7%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

GrossOperatingNet

Free cash flow

Cash versus debt

Cash & investmentsTotal debt

Statements

The last 3 fiscal years from the company's annual reports.

CAD millions; negative values in parentheses.

Fiscal year	FY20	FY21	FY22
Revenue	73	167	203
Cost of revenue	54	130	139
Gross profit	19	38	63
Research & development	4.7	11	22
Interest expense	1.7	0	1.2
Pre-tax income	(27)	(53)	(79)
Net income	(27)	(52)	(77)
Diluted shares (millions)	83	121	144

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Risk checks

Altman Z'' score

Not computed: a required balance-sheet item is missing.

Piotroski F-score

4/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: failed
Positive operating cash flow: failed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: failed
No share dilution: failed
Gross margin improved: passed
Asset turnover improved: passed

Sources

40-FPeriod ending Dec 31, 2022Filed Mar 27, 2023Open the report ↗
40-FPeriod ending Dec 31, 2021Filed Mar 28, 2022Open the report ↗

All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Dec 31, 2022 · Data updated May 4, 2023

Reading the annual reports…

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Operating marginShare of each sale left after running the business, before interest and tax.

–

n/a

Net marginShare of each sale left as profit after every cost, interest and tax.

-37.9%

0/100

Return on equityProfit earned on the money shareholders put in. Above 15% is strong.

-29.7%

0/100

Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.

–

n/a

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.

0.81×

1/100

Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.

–

n/a

Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.

–

n/a

Interest coverageHow many times operating profit covers interest. Below 2 is risky.

–

n/a

Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.

–

n/a

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.

-13.1%

0/100

Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.

–

n/a

Years with positive free cash flow (last 5)

0 of 3

0/100

Profitable years (last 5)	0 of 3	0/100
Years of revenue decline (last 5)	0 of 2	100/100
Revenue growth volatility	76.5%	0/100
Operating margin volatility	–	n/a

Profitable years (last 5)

0 of 3

0/100

Years of revenue decline (last 5)

0 of 2

100/100

Revenue growth volatility

76.5%

0/100

Operating margin volatility

–

n/a

Revenue growth, 3-year average	–	n/a
EPS growth, 3-year average	–	n/a

Revenue growth, 3-year average

–

n/a

EPS growth, 3-year average

–

n/a

Trends

Annual figures as reported. Hover a bar or point for the exact value.

Revenue and net income

RevenueNet income

Margins

GrossOperatingNet

Free cash flow

Cash versus debt

Cash & investmentsTotal debt

Statements

The last 3 fiscal years from the company's annual reports.

CAD millions; negative values in parentheses.

Fiscal year	FY20	FY21	FY22
Revenue	73	167	203
Cost of revenue	54	130	139
Gross profit	19	38	63
Research & development	4.7	11	22
Interest expense	1.7	0	1.2
Pre-tax income	(27)	(53)	(79)
Net income	(27)	(52)	(77)
Diluted shares (millions)	83	121	144

Risk checks

Altman Z'' score

Not computed: a required balance-sheet item is missing.

Piotroski F-score

4/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: failed
Positive operating cash flow: failed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: failed
No share dilution: failed
Gross margin improved: passed
Asset turnover improved: passed

Sources

40-FPeriod ending Dec 31, 2022Filed Mar 27, 2023Open the report ↗
40-FPeriod ending Dec 31, 2021Filed Mar 28, 2022Open the report ↗

All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works

Latest annual report: Dec 31, 2022 · Data updated May 4, 2023