Enthusiast Gaming Holdings Inc. Stock price
Is Enthusiast Gaming Holdings Inc. a Top Scorer Stock based on the Dividend, High-Growth-Investing or Leverman Strategy?
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Key metrics
📘 Market Capitalization
📈 What is it?
Market capitalization shows how much a company is currently worth on the stock market.
🧮 How is it calculated?
🏛️ Why is it important?
It helps classify companies by size (Large, Mid, Small Cap) and indicates their market presence and relative stability.
🧮 Calculation
🎯 What does this mean for investors?
- Large-cap companies tend to be more stable, often pay dividends, but may grow more slowly.
- Smaller firms may offer higher growth potential but come with more volatility.
- Market capitalization is a useful indicator of company size — but not a measure of whether a stock is undervalued or overvalued.
📘 Enterprise Value (EV)
📈 What is it?
Enterprise Value represents the total cost to acquire a company — including its debt and excluding its cash reserves.
🧮 How is it calculated?
(= Market Cap + Net Debt)
🏛️ Why is it important?
EV gives a more complete picture of a company's value than market cap alone and is used in key valuation ratios like EV/FCF or EV/Sales.
🧮 Calculation
🎯 What does this mean for investors?
- Enterprise Value shows the true cost of buying a company, including all financial obligations.
- It is more accurate than just looking at market cap, especially when comparing companies with different levels of debt or cash.
- Professional investors prefer EV-based multiples because they better reflect the company’s full financial footprint.
📘 Net Debt
📈 What is it?
Net Debt shows how much debt remains after subtracting a company’s available cash reserves.
🧮 How is it calculated?
🏛️ Why is it important?
It indicates how dependent a company is on borrowed money and how easily it can service its debt in the short term.
🧮 Calculation
🎯 What does this mean for investors?
- Low or negative net debt signals financial strength and flexibility.
- Companies with strong cash positions are better positioned in crises.
- High net debt increases financial risk — especially in environments with rising interest rates or economic downturns.
📘 Cash
📈 What is it?
Cash represents all liquid assets a company can access immediately — including cash, bank deposits, and short-term investments.
🧮 How is it calculated?
🏛️ Why is it important?
It reflects a company’s financial flexibility and resilience — enabling investments, buybacks, or buffer in downturns.
🧮 Calculation
🎯 What does this mean for investors?
- A strong cash position means greater room for maneuver and crisis resistance.
- Cash-rich companies can invest, pay down debt, or repurchase shares.
- But excess idle cash might indicate a lack of growth opportunities.
📘 Shares Outstanding
📈 What is it?
Shares outstanding represent the total number of a company’s shares currently held by investors — excluding treasury stock.
🧮 How is it calculated?
🏛️ Why is it important?
It’s the basis for key metrics like Earnings Per Share (EPS), Market Capitalization, or the Price/Earnings ratio (P/E).
🧮 Calculation
🎯 What does this mean for investors?
- Fewer shares in circulation typically increase earnings per share — making each share more valuable.
- Share buybacks reduce the number of shares and boost per-share metrics.
- Issuing new shares does the opposite — diluting shareholder value and lowering per-share figures.
📘 Price-to-Earnings Ratio (P/E)
📈 What is it?
The P/E ratio shows how many times a company's earnings per share are reflected in its current share price — in other words, how "expensive" the stock appears relative to its profits.
🧮 How is it calculated?
🏛️ Why is it important?
The P/E ratio is one of the most widely used valuation metrics. It helps investors assess whether a stock appears cheap or expensive compared to its earnings power.
🎯 What does this mean for investors?
- A low P/E may indicate undervaluation — or signal underlying issues.
- A high P/E may reflect strong growth expectations — or an overvalued stock.
📘 Price-to-Sales Ratio (P/S)
📈 What is it?
The P/S ratio shows how much investors are paying for $1 of the company’s revenue – regardless of profitability.
🧮 How is it calculated?
🏛️ Why is it important?
P/S is especially useful for evaluating growth companies or businesses not yet profitable. It reflects how the market values the company’s sales.
🧮 Calculation
Market Cap = $4.56m | Revenue (TTM) = $22.70m
Market Cap = $4.56m | Estimated Revenue = $53.05m
🎯 What does this mean for investors?
- A low P/S may indicate undervaluation — or low profitability.
- A high P/S can reflect strong growth expectations — or excessive optimism.
- Especially helpful when evaluating companies where profits are low, volatile, or negative.
📘 Enterprise Value to Sales (EV/Sales)
📈 What is it?
EV/Sales shows how much investors are paying for $1 of revenue — considering not just equity, but also debt and cash. It’s the capital structure–adjusted version of the P/S ratio.
🧮 How is it calculated?
🏛️ Why is it important?
It’s ideal for comparing companies with different levels of debt. It reflects a company's true cost relative to its revenue.
🧮 Calculation
Enterprise Value = $35.54m | Revenue (TTM) = $22.70m
Enterprise Value = $35.54m | Forward Revenue = $53.05m
🎯 What does this mean for investors?
- EV/Sales allows for capital structure–neutral company comparisons.
- A lower ratio may indicate undervaluation; a higher one may signal strong growth expectations or overvaluation.
- Especially helpful when evaluating high-growth companies with low or negative earnings.
📘 Enterprise Value to Free Cash Flow (EV/FCF)
📈 What is it?
EV/FCF shows how many years it would take for a company to "pay back" its enterprise value using its free cash flow.
🧮 How is it calculated?
🏛️ Why is it important?
It focuses on real cash generation, ignoring accounting noise — ideal for assessing profitability and value based on liquidity, not earnings.
🧮 Calculation
🎯 What does this mean for investors?
- A low EV/FCF may signal undervaluation and strong cash generation.
- A high EV/FCF might reflect weak recent cash flow or aggressive growth expectations.
- Best suited for stable, mature businesses with predictable free cash flows.
📘 Price-to-Book Ratio (P/B)
📈 What is it?
The P/B ratio compares a company’s market value to its book value — showing how much investors are paying for each dollar of net assets.
🧮 How is it calculated?
🏛️ Why is it important?
P/B is commonly used for asset-heavy industries like banks or industrials. It helps assess whether a stock is trading above or below its net asset value.
🧮 Calculation
🎯 What does this mean for investors?
- A P/B below 1 may signal undervaluation — or weak profitability.
- A P/B above 1 implies the market expects future value creation (e.g., brand, IP, growth).
- Best used for companies with tangible assets and strong balance sheets.
📘 Equity Ratio
📈 What is it?
The equity ratio indicates what portion of a company’s total assets is financed by shareholders’ equity – in other words, how much it relies on its own capital.
🧮 How is it calculated?
🏛️ Why is it important?
A high equity ratio reflects financial strength and stability, especially during downturns. It’s a key indicator of a company’s solvency and long-term risk profile.
🧮 Calculation
🎯 What does this mean for investors?
- Companies with high equity ratios are generally more resilient and less dependent on external debt.
- Low equity ratios can signal higher risk or aggressive financial strategies.
- Important: Always assess the equity ratio in combination with the return on equity (ROE). This shows not just how stable the company is – but also how efficiently it uses shareholder capital.
📘 Return on Equity (ROE)
📈 What is it?
Return on equity (ROE) shows how efficiently a company uses its shareholders’ equity to generate profit. In other words: how much net income is earned per dollar of equity.
🧮 How is it calculated?
🏛️ Why is it important?
ROE is a core profitability metric. It helps investors understand whether a company delivers attractive returns on the capital provided by its shareholders.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROE indicates that the company is using its capital efficiently and profitably.
- It’s especially meaningful for capital-intensive businesses or firms with high equity bases.
- Important: A very high ROE can also result from high debt levels – always interpret it alongside the equity ratio to assess financial health.
📘 Return on Capital Employed (ROCE)
📈 What is it?
ROCE measures how efficiently a company generates profits from its total capital – including both equity and interest-bearing debt.
🧮 How is it calculated?
It evaluates the return on all capital employed, regardless of how it’s financed.
🏛️ Why is it important?
ROCE is ideal for comparing companies with different financing structures. It shows how well management uses capital to create value for both shareholders and creditors.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROCE means the company uses its capital efficiently – regardless of whether it's funded by debt or equity.
- The higher the ROCE compared to peers, the more value the company creates with its invested capital.
- Especially relevant for capital-intensive sectors like industrials, energy, or infrastructure.
📘 Return on Invested Capital (ROIC)
📈 What is it?
ROIC measures how efficiently a company generates returns from the capital invested in its core operations – regardless of whether the capital comes from equity or debt.
🧮 How is it calculated?
- NOPAT = Net Operating Profit After Taxes
- Invested Capital = Operating assets minus non-interest-bearing liabilities
🏛️ Why is it important?
ROIC is one of the most accurate indicators of capital efficiency. Unlike return on equity, it is not distorted by leverage and shows how much value is created for all capital providers.
🧮 Calculation
🎯 What does this mean for investors?
- A high ROIC shows how effectively a company uses the capital that is truly invested in its core operations.
- Unlike ROCE, ROIC focuses only on the capital that is actively used to run the business – and that requires a return (i.e. interest-bearing).
- Especially useful when comparing companies with large amounts of excess cash or non-interest-bearing liabilities – giving a more realistic picture of capital efficiency.
📘 Leverage Ratio (Debt-to-Equity)
📈 What is it?
The leverage ratio indicates how much a company relies on interest-bearing debt (such as loans and bonds) relative to its shareholders’ equity.
🧮 How is it calculated?
🏛️ Why is it important?
This ratio helps assess a company’s financial structure and risk profile. High leverage can enhance returns – but also increases exposure to interest rate changes and financial stress.
🧮 Calculation
🎯 What does this mean for investors?
- A low leverage ratio signals financial strength and independence.
- A higher ratio can improve returns in good times but increases risk during downturns or rising interest rate periods.
- 👉 Always interpret in the context of industry, capital intensity, and interest rate environment.
📘 Revenue
📈 What is it?
Revenue shows how much a company earns in total from selling its products and services – the gross income before any costs are deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Revenue is one of the key figures to assess a company’s size, market position, and growth potential.
🧮 Calculation
🎯 What does this mean for investors?
- Growing revenue indicates rising demand and can be an early signal of future earnings growth.
- Comparing actual and expected revenue reveals trends in the market environment and analyst sentiment.
- Note: Strong revenue alone isn’t enough – margins and profitability matter just as much.
📘 EBITDA
📈 What is it?
EBITDA stands for “Earnings Before Interest, Taxes, Depreciation, and Amortization.” It reflects a company’s operating profit before the effects of financing, taxes, and accounting depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
EBITDA is widely used to evaluate a company’s operating performance – especially across capital-intensive sectors or international comparisons.
🧮 Calculation
🎯 What does this mean for investors?
- A high or growing EBITDA indicates strong operational profitability – independent of taxes, interest, or accounting methods.
- It’s especially useful for comparing companies across sectors or geographies.
- Important: EBITDA is not a net income figure – it excludes key costs like depreciation and interest.
📘 EBIT
📈 What is it?
EBIT stands for “Earnings Before Interest and Taxes.” It reflects a company’s operating profit after depreciation, but before interest and tax expenses.
🧮 How is it calculated?
🏛️ Why is it important?
EBIT is a core profitability metric that shows how well the company performs in its main business operations – independent of capital structure and tax environment.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBIT indicates strong profitability from the company’s core business – before financial and tax effects.
- It allows better comparison between companies with different debt levels or tax structures.
- Compared to EBITDA, EBIT already accounts for depreciation and reflects capital intensity more clearly.
📘 Net Income
📈 What is it?
Net income is the company’s total profit – the amount left after all expenses, taxes, interest, and depreciation have been deducted.
🧮 How is it calculated?
🏛️ Why is it important?
Net income is the most comprehensive measure of a company’s profitability – showing how much actual profit remains after all business and financing costs.
🧮 Calculation
🎯 What does this mean for investors?
- Growing net income indicates that the company is managing all of its costs efficiently.
- It directly influences valuation metrics like P/E ratio and the company’s dividend capacity.
- Over time, net income trends reveal how resilient and profitable the business model really is.
📘 Free Cash Flow (FCF)
📈 What is it?
Free Cash Flow shows how much actual cash remains after a company covers its operating expenses and capital expenditures.
🧮 How is it calculated?
🏛️ Why is it important?
FCF reflects a company’s real financial strength – regardless of accounting profits. It shows how much flexibility a company has for dividends, share buybacks, or debt reduction.
🧮 Calculation
🎯 What does this mean for investors?
- High free cash flow means the company generates real, usable cash – independent of reported net income.
- It’s often the most reliable base for sustainable dividends and buybacks.
- Declining FCF can be an early warning sign – even when profits appear stable.
📘 Revenue Growth
📈 What is it?
Revenue growth shows how much a company’s sales have changed compared to the previous year – both on a trailing basis (TTM) and based on forward projections.
🧮 How is it calculated?
Forward = (Expected revenue ÷ Revenue in prior year − 1) × 100
Forward growth is based on analyst estimates for the current fiscal year.
🏛️ Why is it important?
Rising revenue signals growing demand, business expansion, and market share gains – especially important for growth-oriented companies.
🧮 Calculation
🎯 What does this mean for investors?
- Growth is the engine of long-term value creation – especially in tech and growth sectors.
- What matters is not just current growth, but its sustainability.
- Forward projections reflect whether analysts expect continued momentum – or a slowdown.
📘 EBITDA Growth
📈 What is it?
EBITDA growth shows how much a company’s operating profit (before interest, taxes, depreciation, and amortization) has increased or decreased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBITDA ÷ EBITDA from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
Growing EBITDA indicates improving operational profitability – regardless of financing or accounting effects.
🧮 Calculation
🎯 What does this mean for investors?
- Strong EBITDA growth signals operational efficiency and scalability – especially during growth phases.
- EBITDA growth can be an early indicator of margin and earnings expansion – but should be assessed alongside revenue and EBIT.
📘 EBIT Growth
📈 What is it?
EBIT growth shows how much a company’s operating profit (after depreciation, but before interest and taxes) has increased compared to the previous year.
🧮 How is it calculated?
Forward = (Expected EBIT ÷ EBIT from prior year − 1) × 100
The forward estimate is based on analyst projections for the current fiscal year.
🏛️ Why is it important?
EBIT growth is a direct indicator of a company’s business performance – taking into account capital intensity through depreciation.
🧮 Calculation
🎯 What does this mean for investors?
- Rising EBIT signals improving operating profitability – even after accounting for depreciation.
- It’s especially important for evaluating companies with significant capital expenditures.
- Combined with revenue and EBITDA growth, EBIT growth provides a well-rounded view of operational progress.
📘 Net Income Growth
📈 What is it?
Net income growth shows how much a company’s bottom-line profit has increased or decreased compared to the previous year – both on a trailing basis (TTM) and based on analyst projections.
🧮 How is it calculated?
Forward = (Expected net income ÷ Net income from prior year − 1) × 100
The forward estimate reflects analysts’ expectations for the current fiscal year.
🏛️ Why is it important?
Net income is the ultimate measure of profitability. Growing net income signals stronger efficiency, cost control, and sustainable earnings power.
🧮 Calculation
🎯 What does this mean for investors?
- Stronger net income boosts valuation, dividend potential, and investor confidence.
- If profits stall while revenue grows, it may signal margin pressure.
📘 Free Cash Flow Growth
📈 What is it?
Free cash flow (FCF) growth shows how a company’s available cash – after covering operating expenses and capital expenditures – has changed compared to the previous year.
🧮 How is it calculated?
🏛️ Why is it important?
Free cash flow reflects real financial strength. Growing FCF indicates more flexibility for dividends, share buybacks, and reinvestment.
🧮 Calculation
🎯 What does this mean for investors?
- Declining FCF may point to rising investments, increasing costs, or weaker operating performance.
- Especially for dividend investors, FCF growth is critical – since dividends are paid from actual available cash.
- A negative trend isn't always bad, but it deserves closer attention.
📘 Gross Margin
📈 What is it?
Gross margin shows how much of a company’s revenue remains after deducting the direct costs of goods sold (like materials and production). It represents the company’s “raw profit” before fixed costs, taxes, and interest.
🧮 How is it calculated?
Or simply: Gross Margin = Gross Profit ÷ Revenue × 100
🏛️ Why is it important?
Gross margin indicates how efficiently a company can produce or procure what it sells. It is a key measure of product-level profitability and pricing power.
🧮 Calculation
🎯 What does this mean for investors?
- A high gross margin suggests strong pricing power and efficient production.
- Falling margins may signal rising input costs or competitive pressure.
- Compared to peers, gross margin offers insights into the quality of a business model.
📘 EBITDA Margin
📈 What is it?
The EBITDA margin shows how much of a company’s revenue remains as operating profit before interest, taxes, depreciation, and amortization.It reflects operating efficiency without being distorted by financing or accounting factors.
🧮 How is it calculated?
🏛️ Why is it important?
The EBITDA margin reveals how much operating income a company generates per dollar of revenue – independent of capital structure and tax effects.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBITDA margin reflects strong core profitability – before accounting distortions.
- It allows for effective comparisons across companies and sectors.
- A stable or growing margin signals efficient cost control and business scalability.
📘 EBIT Margin
📈 What is it?
The EBIT margin shows what percentage of revenue remains as operating profit after depreciation but before interest and taxes.
🧮 How is it calculated?
🏛️ Why is it important?
The EBIT margin reflects a company’s core profitability while accounting for capital intensity (e.g. machinery, infrastructure). It’s especially useful for comparing businesses with different levels of depreciation.
🧮 Calculation
🎯 What does this mean for investors?
- A high EBIT margin shows that the company remains efficient even after factoring in depreciation.
- It’s especially relevant for capital-intensive industries.
- Stable or rising EBIT margins over time are a strong indicator of pricing power and business quality.
📘 Net margin
📈 What is it?
Net margin shows how much of a company’s revenue remains as bottom-line profit after deducting all costs, interest, taxes, and depreciation.
🧮 How is it calculated?
🏛️ Why is it important?
Net margin reflects a company’s overall efficiency – across operations, financing, and taxation. It shows how much actual profit is generated from each dollar of revenue.
🧮 Calculation
🎯 What does this mean for investors?
- A high net margin means the company is not only strong operationally but also manages financing and taxes efficiently.
- Peer comparisons reveal business quality and competitiveness.
- Declining margins despite revenue growth can be a red flag for rising costs or inefficiencies.
📘 Free cash flow margin
📈 What is it?
The free cash flow (FCF) margin shows how much of a company’s revenue remains as actual free cash after covering all operating expenses and capital expenditures.
🧮 How is it calculated?
🏛️ Why is it important?
This margin reflects the true liquidity generated by the business – independent of accounting rules or depreciation. It’s especially relevant for dividends, buybacks, and reinvestment decisions.
🧮 Calculation
🎯 What does this mean for investors?
- A high FCF margin means a company consistently generates strong cash flow.
- It’s a positive signal for financial stability and shareholder returns.
- The long-term trend is key – a declining margin may indicate rising investments or weakening operating efficiency.
📘 Earnings per share (EPS)
📈 What is it?
Earnings per Share (EPS) shows how much profit is attributable to a single share – and is one of the most important metrics for evaluating a company's performance.
🧮 How is it calculated?
The diluted share count reflects potential new shares that could be issued through options, convertible bonds, or other rights.
🏛️ Why is it important?
EPS is the basis for many key valuation metrics like P/E ratio, PEG ratio, or payout ratio. It enables comparisons of profitability across companies, regardless of their size.
🧮 Calculation
🎯 What does this mean for investors?
- EPS captures per-share profitability and is especially useful for comparisons over time or with analyst estimates.
- Rising EPS may signal consistent growth or share buybacks.
- Important: Always use diluted EPS for more realistic valuations – especially in companies with stock-based compensation.
📘 Free cash flow per share (FCF per share)
📈 What is it?
Free Cash Flow per Share shows how much free cash flow a company generates per outstanding share – after investments, but before dividends or debt repayments.
🧮 How is it calculated?
Free cash flow is calculated as operating cash flow minus capital expenditures (CapEx).
🏛️ Why is it important?
FCF per Share reveals how much real cash is available per share – useful for dividends, buybacks, or reducing debt. Unlike net income, free cash flow is harder to manipulate and often seen as a more reliable metric.
🧮 Calculation
🎯 What does this mean for investors?
- High FCF per share signals strong financial flexibility.
- It shows how much capital the company can effectively reinvest or return to shareholders.
- Particularly relevant for dividend payers and capital-efficient businesses.
📘 Short interest
📈 What is it?
Short interest indicates how many shares of a company are currently sold short – that is, borrowed and sold by investors who expect the price to decline.
🧮 How is it calculated?
It reflects the percentage of a company’s shares that are being shorted relative to the total shares available.
🏛️ Why is it important?
Short interest serves as a sentiment indicator: A high value may signal skepticism or bearish expectations – but also increases the potential for a short squeeze if prices rise unexpectedly.
🧮 Calculation
🎯 What does this mean for investors?
- Low short interest usually indicates market confidence in the company.
- High short interest can be a warning sign – or an opportunity if sentiment shifts.
- Especially relevant in volatile markets or ahead of key earnings releases.
📘 Employees
📈 What is it?
The employee count shows how many people a company employs worldwide – offering insights into its size, structure, and business model.
🧮 How is it calculated?
🏛️ Why is it important?
It helps assess operational scale, labor intensity, and cost structure. Combined with revenue and profit, it enables key metrics like revenue per employee or productivity.
🧮 Calculation
🎯 What does this mean for investors?
- A high headcount can signal operational complexity – but also significant growth capacity.
- Revenue per employee is a key indicator of efficiency.
- Especially useful for comparing tech, industrial, or service-heavy companies.
📘 Turnover per employee
📈 What is it?
Revenue per employee indicates how much revenue a company generates on average per employee – a key measure of efficiency and productivity.
🧮 How is it calculated?
The employee count is typically taken from the most recent annual report.
🏛️ Why is it important?
This metric helps compare business models – especially between labor-intensive and technology-driven companies. A high value suggests automation, operational efficiency, or strong value creation per head.
🧮 Calculation
🎯 What does this mean for investors?
- A high revenue per employee indicates a scalable and margin-strong business model.
- A low figure may reflect labor-intensive operations or lower value-add.
- Especially helpful when comparing tech companies to industrial or service sectors.
Enthusiast Gaming Holdings Inc. Stock Analysis
Analyst Opinions
7 Analysts have issued a Enthusiast Gaming Holdings Inc. forecast:
Analyst Opinions
7 Analysts have issued a Enthusiast Gaming Holdings Inc. forecast:
Enthusiast Gaming Holdings Inc. Events
Past Events
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JUN
30
Shareholder/Analyst Call - Enthusiast Gaming Holdings Inc.
3 months ago
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OCT
28
Shareholder/Analyst Call - Enthusiast Gaming Holdings Inc.
11 months ago
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StocksGuide Free
Enthusiast Gaming Holdings Inc. — Shareholder/Analyst Call - Enthusiast Gaming Holdings Inc.
1. Management Discussion
Hello, and welcome to the Annual General and Special Meeting of Shareholders of Enthusiast Gaming Holdings, Inc. Please note that today's meeting is being recorded.
If you participate in today's meeting and disclose personal information, you will be deemed to consent to the recording, transfer and use of same. If you disclose personal information of another person in today's meeting, you will be deemed to represent and warrant to Odyssey and the company that you first obtained all required consents for the disclosure, recording, transfer and use of such personal information for all appropriate persons before your disclosure.
During the meeting, you can submit questions or comments at any time by clicking on the question-and-answer tab. Questions that directly relate to a particular motion will be answered at the appropriate time of the meeting. It is now my pleasure to turn today's meeting over to Alex MacDonald, Chief Executive Officer of the company. The floor is yours.
Thank you, and good afternoon, all. My name is Alex MacDonald, and I am the Chief Executive Officer of Enthusiast Gaming Holdings, Inc. On behalf of the company, I welcome you to this Annual General and Special Meeting of Shareholders. We are hosting this year's meeting virtually so that it is accessible to our shareholders and proxy holders regardless of physical location and allows them to participate, submit questions and vote.
This online meeting is accessible to registered shareholders, duly appointed proxy holders and guests. However, only registered shareholders and proxy holders are entitled to participate in the meeting, vote and ask questions. I encourage registered shareholders and proxy holders to submit your questions as early as possible so that we may address them at the right moment during the meeting.
Questions should relate to the motions being considered as part of the formal business of the meeting. If you have a question, please use the messaging tab feature in the webcast. We will try to address questions that directly relate to a particular motion at the appropriate time of the meeting. Registered shareholders and duly appointed proxy holders may vote on the online platform throughout the meeting. To do so, click on the circle button beside the answer of your choice for each item being voted on when instructed. You will see confirmation that your vote has been captured by the answer being highlighted.
If you have appointed a proxy holder and do not wish to change your voting instructions, then you do not need to do anything. If you do wish to change your vote, then voting online will have the effect of revoking your previously submitted proxy. Voting on all resolutions will be open at the same time. This will allow you to choose to vote on each resolution immediately or wait until the conclusion of discussion on all resolutions prior to casting your vote.
Once discussion on all items of business has been concluded, I will give you time to enter your votes and then declare voting closed on all resolutions. After my introductory remarks, we will proceed through the regular and special items of business, namely the receipt of financial statements, setting the number of directors of the company, the election of directors, appointment of auditors, approval of unallocated options under the stock option plan and approval of unallocated share units under the share unit plan.
Before we proceed with the formal business of today's meeting, I would like to introduce the members of management of Enthusiast who have joined us online today being J.B. Elliott, President and Chief Operating Officer; and Nathan Teal, Interim Chief Financial Officer.
In accordance with the articles of the company, I will preside as Chair of this meeting. I appoint Mohamed Abdel Hadi, Associate General Counsel of the company, to act as Secretary for the meeting. I appoint Odyssey Trust Company to act as scrutineer for the meeting. The Secretary has been advised that the notice calling this meeting, the related management information circular and form of proxy were mailed and made available to shareholders using the notice and access method on May 29, 2026, to, amongst others, all shareholders of record as of May 19, 2026.
The affidavit of mailing will be available for inspection by any shareholder. I would ask that the secretary file a copy of such affidavit with the minutes of today's meeting. Quorum of shareholders for this meeting consists of one or more persons present in person or by proxy. I have been advised by the scrutineer that there are 54 shareholders present today, either in person or by proxy, representing 38,075,279 shares, which is approximately 23.9% of the issued and outstanding shares of Enthusiast as at the record date. Accordingly, we have a quorum present. I would ask that the secretary file a copy of the scrutineer's report with the minutes of today's meeting.
I would also note that under applicable corporate law and the articles of the company, the company is permitted to hold this meeting by the electronic means that we are using. With that said, I declare that this meeting has been regularly called and properly constituted for the transaction of business.
To facilitate proceedings, I, as Chair of the meeting and a shareholder of the company, will move all motions. This is not intended in any way to curtail discussion. Each item of business to be considered today requires that a majority of the votes cast be voted in favor in order for the resolution to pass.
The first item of business is the presentation of the audited financial statements of the company for the year ended December 31, 2025, together with the reports of the auditors thereon. These financial statements were previously filed on the company's website and SEDAR+, and I now place them before the shareholders. Are there any questions on the financial statements or the auditor's report?
No, we have not received any questions on this item.
Thank you. I declare that the audited financial statements of the company for the year ended December 31, 2025, together with the report of the auditors thereon have been presented and received. The voting is now open for all resolutions. We invite shareholders and proxy holders to submit their votes if they have not already done so. As a reminder, if you have already voted or sent in a proxy, there is no need to do anything unless you wish to change one or more of your votes.
The first item of business to be voted upon is the election of directors. As a preliminary matter, it is proposed that the number of directors to be elected should be fixed at 5. Accordingly, I hereby move that the number of directors to be elected be fixed at 5. The motion having been made, we will now address any questions or comments from shareholders or proxy holders that are directly related to fixing the number of directors.
Have any questions come in?
No, we have not received any questions on this item. Thank you.
The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so. We will now move to the election of directors. Information about each nominee is included in the Management Information Circular. I confirm that all nominees are eligible for election.
The nominees are John Albright, Scott Michael O'Neil, Thomas Hearne, John Zorbas and myself, Alex MacDonald. Accordingly, I now move that each of the 5 persons nominated be elected as a director of the company to hold office until the close of the next Annual Meeting of Shareholders of the company or until their successor is duly elected or appointed. The motion having been made, we will now address any questions or comments from shareholders or proxy holders that are directly related to the election of directors. Have any questions come in?
No, we have not received any questions on this item.
Thank you. The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so. The next item of business is the appointment of the auditor. Accordingly, I hereby move that RSM Canada LLP be appointed the auditor of the company to hold office until the next Annual Meeting of Shareholders of the company and that the directors be authorized to fix their remuneration.
The motion having been made, we will now address any questions or comments from shareholders or proxy holders that are directly related to the appointment of the auditor. Have any questions come in?
No, we have not received any questions on this item.
Thank you. The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so. The next item of business is the approval of the stock option plan resolution. The stock option plan resolution is to approve the current unallocated options under the company's Current Stock Option Plan as required by TSX rules. Approval of this resolution will allow the company to continue granting options under the current stock option plan until June 30, 2029.
Accordingly, I hereby move that the stock option plan resolution be approved. The motion having been made. We will now address any questions or comments from shareholders or proxy holders that are directly related to the stock option plan resolution. Have any questions come in?
No, we have not received any questions on this item.
Thank you. The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so. The next item of business is the approval of the Share Unit Plan resolution. The Share Unit Plan resolution is to approve the unallocated share units under the company's share unit plan as required by TSX rules. Approval of this resolution will allow the company to continue granting share units under the share unit plan until June 30, 2029.
Accordingly, I hereby move that the Share Unit Plan resolution be approved. The motion having been made -- we will now address any questions or comments from shareholders or proxy holders that are directly related to the Share Unit Plan resolution. Have any questions come in?
No, we have not received any questions on this item.
Thank you. The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so. I now instruct Odyssey to close polls on all resolutions. As we have now dealt with all business items on the agenda, I declare voting on all matters closed. I understand that the scrutineer has a preliminary tabulation of votes cast in respect of each of the items of business before the meeting.
The preliminary results with respect to fixing the number of directors at 5 are 57.9% voted in favor of fixing the number of directors for the ensuing year at 5. As a result, I declare that the number of directors for the ensuing year is set at 5.
The preliminary results with respect to the election of directors are a majority of the votes cast were voted in favor of all 5 nominees with each nominee receiving in excess of at least 69.8% in favor. As a result, I declare that the 5 director nominees have been duly elected. The preliminary results with respect to the appointment of the auditor is 60.8% voted in favor of the appointment of RSM Canada LLP.
As a result, I declare that RSM Canada LLP has been duly reappointed as the auditor of the company and that the directors are authorized to fix their remuneration. The preliminary result with respect to the stock option plan resolution is 59% voted in favor. As a result, I declare that the stock option plan resolution has been approved. The preliminary result with respect to the share unit plan resolution is 60.4% voted in favor. As a result, I declare that the share unit plan resolution has been approved. The final results of today's vote will be posted later today on SEDAR+. This concludes the business of this meeting of shareholders, and I declare the meeting terminated. Thank you very much.
This concludes the meeting. You may now disconnect.
Enthusiast Gaming Holdings Inc. — Shareholder/Analyst Call - Enthusiast Gaming Holdings Inc.
1. Management Discussion
Hello, and welcome to the Annual General and Special Meeting of Shareholders of Enthusiast Gaming Holdings Inc. Please note that today's meeting is being recorded. If you participate in today's meeting and disclose personal information, you will be deemed to consent to the recording, transfer and use of same. If you disclose personal information of another person in today's meeting, you will be deemed to represent and warrant to Odyssey and the company that you first obtained all required consents for the disclosure, recording, transfer and use of such personal information from all appropriate persons before your disclosure.
[Operator Instructions] It is now my pleasure to turn today's meeting over to Alex MacDonald, Chief Executive Officer of the company. The floor is yours.
Good afternoon, everyone. My name is Alex MacDonald, and I am the Chief Executive Officer of Enthusiast Gaming Holdings Inc. On behalf of the company, I welcome you to this Annual General and Special Meeting of Shareholders. We are hosting this year's meeting virtually so that it is accessible to our shareholders and proxy holders, regardless of physical location and allows them to participate, submit questions and vote.
This online meeting is accessible to registered shareholders, duly appointed proxy holders and guests. However, only registered shareholders and proxy holders are entitled to participate in the meeting, vote and ask questions. I encourage registered shareholders and proxy holders to submit your questions as early as possible so that we may address them at the right moment during the meeting.
Questions should relate to the motions being considered as part of the formal business of the meeting. If you have a question, please use the Messaging tab feature in the webcast. We will try to address questions that directly relate to a particular motion at the appropriate time of the meeting. Registered shareholders and duly appointed proxy holders may vote on the online platform throughout the meeting. To do so, click on the Circle button beside the answer of your choice for each item being voted on when instructed. You will see confirmation that your vote has been captured by the answer being highlighted.
If you have appointed a proxy holder and do not wish to change your voting instructions, then you do not need to do anything. If you do wish to change your vote, then voting online will have the effect of revoking your previously submitted proxy. Voting on all resolutions will be open at the same time. This will allow you to choose to vote on each resolution immediately or wait until conclusion of discussion on all resolutions prior to casting your vote.
Once discussion on all items of business has been concluded, I will give you time to enter your votes and then declare voting closed on all resolutions.
After my introductory remarks, we will proceed through the regular and special items of business, namely the receipt of financial statements, setting the number of directors of the company, election of directors, appointment of auditors and approval of conversion into common shares of the warrants held by and payment in kind interest owing to Beedie Capital in connection with the company's financing transactions.
Before we proceed with the formal business of today's meeting, I would like to introduce the members of management of Enthusiast, who have joined us online today being JB Elliott, President and Chief Operating Officer; and Nathan Teal, Interim Chief Financial Officer. In accordance with the articles of the corporation, I will preside as Chair of this meeting. I appoint Mohamed Adel Hadi, Associate General Counsel of the company, to act as Secretary of the meeting. I appoint Odyssey Trust Company to act as scrutineer of the meeting.
The Secretary has been advised that the notice calling this meeting and related Management Information Circular and Form of Proxy were mailed between September 25, 2025 and October 15, 2025 to, among others, all shareholders of record as of September 12, 2025, with some delays due to the ongoing Canada Post strike. The affidavit of mailing will be available for inspection by any shareholder. I would ask that the secretary file a copy of such affidavit with the minutes of today's meeting.
Quorum of shareholders for this meeting consists of one or more persons present in person or by proxy. I have been advised by the scrutineer that there are 54 shareholders present today, either in person or by proxy, representing 42,096,822 shares, which is approximately 26.54% of the issued and outstanding shares of Enthusiast. Accordingly, we have a quorum present.
I would ask that the secretary file a copy of the scrutineer's report with the minutes of today's meeting. I would also note that under applicable corporate law and the articles of the corporation, the corporation is permitted to hold this meeting by the electronic means that we are using. With that said, I declare that this meeting has been regularly called and properly constituted for the transaction of business.
To facilitate proceedings, I as Chair of the meeting and a shareholder of the corporation, will move all motions. This is not intended in any way to curtail discussion. Each item of business to be considered today other than the issuance resolution requires that a majority of the votes cast to be voted in favor in order for the resolution to pass. The issuance resolution requires for the passing of the same, a simple majority of the votes cast at the meeting by disinterested shareholders.
The first item of business is the presentation of the audited financial statements of the corporation for the year ended December 31, 2024 together with the report of the auditors thereon and the condensed consolidated financial statements for the 3-month period ended March 31, 2025. These financial statements were previously filed on the corporation's website and SEDAR+ and I now place them before the shareholders.
Are there any questions on the financial statements or the auditor's report?
No, we have not received any questions on this item.
Thank you. I declare that the audited financial statements of the corporation for the year ended December 31, 2024, together with the report of the auditors thereon and the condensed consolidated financial statements for the 3-month period ended March 31, 2025 have been presented and received. The voting is now open for all resolutions. And we invite shareholders and proxy holders to submit their vote if they have not already done so.
As a reminder, if you have already voted or sent in a proxy, there is no need to do anything unless you wish to change one or more of your votes.
The first item of business to be voted upon is the election of directors. As a preliminary matter, it is proposed that the number of directors be elected should be fixed at 6. Accordingly, I hereby move that the number of directors to be elected to be fixed at 6.
The motion having been made, we will now address any questions or comments from shareholders or proxy holders that are directly related to the fixing of the number of directors. Have any questions come in?
No, we have not received any questions on the item.
Thank you. The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so. We will now move to the election of directors. Information about each nominee is included in the management information circular. I confirm that all nominees are eligible for election. The nominees are John Albright, Scott Michael O'Neil, Thomas Hearne, John Zorbas, Sara Slane and Jordan Gnat. Accordingly, I now move that each of the 6 persons nominated be elected as a Director of the corporation to hold office until the close of the next Annual Meeting of Shareholders of the corporation or until their successor is duly elected or appointed.
The motion having been made, we will now address any questions or comments from shareholders or proxy holders that are directly related to the election of directors. Have any questions come in?
No, we have not received any questions on this item.
Thank you. The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so. The next item of business is the appointment of the auditor. Accordingly, I hereby move that RSM Canada LLP be appointed the auditor of the corporation to hold office until the next Annual Meeting of Shareholders of the corporation and that the directors be authorized to fix their remuneration. .
The motion having been made, we will now address any questions or comments from shareholders or proxy holders that are directly related to the appointment of auditor. Have any questions come in?
No, we have not received any questions on this item.
Thank you. The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so.
The next item of business is the approval of the issuance resolution. The issuance resolution is to approve subject to TSX approval, the issuance by the company of a sufficient number of common shares of the company issuable upon either one, the exercise of the common share purchase warrants held by Beedie Capital or; two, the conversion into common shares of any payment in kind interest owing to Beedie Capital in connection with the company's financing transactions. Accordingly, I hereby move that the issuance resolution be approved.
The motion having been made, we will now address any questions or comments from shareholders or proxy holders that are directly related to the issuance resolution. Have any questions come in?
No, we have not received any questions on this item.
Thank you. The voting is open, and we invite shareholders and proxy holders to submit their votes if they have not already done so.
I will now instruct Odyssey to finally close the polls on our resolutions.
[Voting]
As we have now dealt with all the business items on the agenda, I declare voting on all matters closed. I understand that the scrutineer has a preliminary tabulation of votes cast in respect of each of the items of business before the meeting.
The preliminary results with respect to fixing the number of directors at 6 are 88.76% voted in favor of fixing the number of directors for the ensuing year at 6. As a result, I declare that the number of directors for the ensuing year is set at 6.
The preliminary results with respect to the election of directors are a majority of the votes cast were voted in favor of the 6 nominees with each nominee receiving in excess of at least 91.7% in favor. As a result, I declare that the 6 director nominees have been duly elected.
The preliminary results with respect to the appointment of auditor is 99.47% voted in favor of the appointment of RSM Canada LLP. As a result, I declare that RSM Canada LLP has been duly appointed as the auditor of the corporation and that the directors are authorized to fix their remuneration.
The preliminary result with respect to the issuance resolution is 95.7% voted in favor. As a result, I declare that the issuance resolution has been approved.
The final results of today's vote will be posted later today on SEDAR+. And that concludes the formal business of this meeting of shareholders.
I want to thank everyone for joining us today. We've turned this company into a product-first engine and are enjoying the successes that continue to flow from that shift. The momentum is real and it's only getting stronger. We look forward to continuing to share our progress with you. Thank you again for joining us, and we hope you have a great rest of your day. I now declare the meeting terminated.
This concludes the meeting. You may now disconnect.
Financial data from Enthusiast Gaming Holdings Inc.
Revenue
Revenue is the sum of all sales generated by a company, e.g. for its products or services.
Revenue (TTM) metric explainedDirect Costs
Direct costs are the costs incurred directly in connection with the manufacture of the product or service.
Gross Profit
Gross Profit indicates how much of the revenue remains in the company after deducting direct production costs. If the percentage share of sales is calculated, this is referred to as the gross margin.
Gross Profit metric explainedSelling and Administrative Expenses
Selling, general and administrative expenses (SG&A) include all expenses for marketing and sales as well as the general administration of the company.
Research and Development Expense
Research and development costs (R&D) provide information on how much the company invests in the research and development of its products. The costs are particularly interesting as a percentage of revenue and in comparison to direct competitors.
EBITDA
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is the company's earnings before interest, taxes, depreciation and amortization. The EBITDA margin is calculated as a percentage of sales.
Depreciation and Amortization
Depreciation represents reductions in the value of the company's assets (e.g. due to wear and tear on machinery).
EBIT (Operating Income)
EBIT (Earnings Before Interest and Taxes) is the company's profit before interest and taxes, also known as the operating income. The EBIT Margin is calculated as a percentage of sales at
.
Net Profit
Net Profit represents the profit or loss after deduction of all costs.
Net Profit metric explainedStocksGuide Premium
| Jun '26 |
+/-
%
|
||
| Revenue | 23 23 |
44%
44%
100%
|
|
| - Direct Costs | 2.28 2.28 |
78%
78%
10%
|
|
| Gross Profit | 20 20 |
33%
33%
90%
|
|
| - Selling and Administrative Expenses | 18 18 |
51%
51%
77%
|
|
| - Research and Development Expense | - - |
-
-
|
|
| EBITDA | 1.01 1.01 |
118%
118%
4%
|
|
| - Depreciation and Amortization | 0.67 0.67 |
64%
64%
3%
|
|
| EBIT (Operating Income) EBIT | 0.34 0.34 |
104%
104%
1%
|
|
| Net Profit | -0.13 -0.13 |
100%
100%
-1%
|
|
In millions USD.
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Company Profile
Enthusiast Gaming Holdings, Inc. engages in the provision of platform of communities that comprises of media, e-sports, and events for gamers and e-sports fans. Its media platform includes gaming related websites and YouTube channels. The company was founded on June 27, 2018 and is headquartered in Toronto, Canada.
StocksGuide Premium
| Head office | Canada |
| CEO | Mr. Macdonald |
| Employees | 80 |
| Founded | 2018 |
| Website | www.enthusiastgaming.com |
