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Gamesquare Esports C.GSQ


Primary Symbol: GMSQF

Gamesquare Esports Inc is an international esports company. It is seeking to acquire additional assets and entities serving the esports market and, more broadly, in sports and entertainment. The company's acquisition of Code Red, an esports talent agency, provided an initial foothold in Europe through its UK operations.The business is comprised of two operating segments: teams and agency services. The company's teams segment represents its esports teams, which generate revenue through sponsorship, prize, and player-related revenue. The company's agencies generate revenue through talent management, influencer promotional fees, and consulting.


OTCQB:GMSQF - Post by User

Post by foundalphaon Jul 01, 2021 12:37am
268 Views
Post# 33478306

Near term target price of $0.85

Near term target price of $0.85Here's a quick and dirty revenue multiple comp to EGLX (which I am loaded up on) I performed to understand where GSQ could move to in the near term. Granted, EGLX is one of the premier companies in the space, much larger market cap, NASDAQ listing, good analyst coverage. However, GSQ certainly looks to be moving in the same direction. I think this stock can move at least another 40% without any additional news. I don't recall if there is formal analyst coverage on GSQ. If there is, I'm interested in the metrics they use and new target prices.

GSQ basic share count with NextGen     198,505,000 
Financing $17m @ $0.40       42,500,000 
      241,005,000 
   
2022 revenue per Dallas Morning News  $   28,000,000 
   
GSQ basic market cap @ $0.59  $ 142,192,950 
GSQ implied revenue multiple                  5.08 
   
EGLX 2021 revenue estimate  $ 130,000,000 
EGLX basic market cap  $ 930,000,000 
EGLX implied revenue multiple                  7.15 

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