Emerald Expositions Events (EEX) AI Stock Analysis

• Market Cap: $962.48M
• Dividend Yield: 1.24%
• Average Volume (3M): 97.07K
• Price to Earnings (P/E): 300.6
• Beta (1Y): 1.13
• Revenue Growth: 4.87%
• EPS Growth: N/A
• Country: US
• Employees: 697
• Sector: Communication Services
• Sector Strength: 84
• Industry: Advertising Agencies
• EPS (TTM): 0.12
• Shares Outstanding: 198,858,860
• 10 Day Avg. Volume: 86,030
• 30 Day Avg. Volume: 97,073
• PEG Ratio: -0.01
• Price to Book (P/B): -7.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 1.48
• Enterprise Value/Market Cap: 0.45
• Enterprise Value/Revenue: 0.27
• Enterprise Value/Gross Profit: 1.71
• Enterprise Value/Ebitda: 1.18
• 1Y Price Target: $7.90
• Price Target Upside: 62.89% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 69 Neutral
• Price Target: ―

Emerald Expositions Events demonstrates a recovery with strong financial performance, particularly in revenue and EBITDA growth, supported by strategic acquisitions and a solid liquidity position. The technical analysis shows bullish momentum, although it is countered by overvaluation concerns due to a high P/E ratio. The overall outlook remains cautiously optimistic, driven by a robust earnings call sentiment and proactive management strategies.

Positive Factors

Acquisitions

Two acquisitions are expected to collectively add ~$40M in revenue and ~$15M in adjusted EBITDA in 2025 and represent higher growth.

Earnings

Emerald reported 1Q25 results with revenue and adjusted EBITDA up 11% y/y and 35% y/y, both topping estimates.

Financial Strategy

The company has refinanced debt with no significant maturities until 2030 and authorized a new $25M share buyback.

Negative Factors

Financial Performance

Gross margin declined due to mix, impacting overall profitability.

Operational Challenges

4Q24 results were impacted by timing and hurricanes in Florida.

Emerald Expositions Events Business Overview & Revenue Model

Company Description

Emerald Expositions Events (EEX) is a leading organizer of business-to-business trade shows, conferences, and consumer events across various industries in the United States. The company specializes in connecting industry professionals, brands, and consumers through its diverse portfolio of live and digital events, which span sectors such as retail, design, technology, and healthcare.

How the Company Makes Money

Emerald Expositions Events generates revenue primarily through the organization and management of trade shows and events. The company's key revenue streams include exhibitor fees, where businesses pay for booth space to showcase their products or services at events; attendee registration fees, which are collected from industry professionals and consumers attending these events; and sponsorship fees, where companies pay for enhanced visibility and branding opportunities during events. Additionally, Emerald Expositions may earn income through partnerships, digital and print advertising, and the sale of event-related services such as event management and coordination. These diverse revenue streams are supported by the company's ability to deliver high-quality, targeted events that attract a significant number of exhibitors and attendees.

Emerald Expositions Events Financial Statement Overview

Summary

Emerald Expositions Events shows a positive trajectory in revenue growth, improvements in profitability, and cash flow stability. The balance sheet reflects a healthier leverage position, albeit with historical instability risks.

Income Statement

Emerald Expositions Events shows a positive trajectory in revenue growth, with a TTM revenue growth of 3.60%. The Gross Profit Margin is stable at 61.64%, and there's a significant improvement in Net Profit Margin, which turned positive to 1.57% in TTM from negative in prior years. EBIT and EBITDA Margins show recovery, indicating operational efficiency improvements. However, the past negative Net Income suggests historical challenges in profitability.

Balance Sheet

The debt-to-equity ratio has improved significantly from negative to a more stable position due to increased stockholder equity, now at 0.01, reflecting low leverage risk. The Equity Ratio stands at 33.14%, indicating a recovery phase. However, the company had negative equity in past years, highlighting potential financial instability risks.

Cash Flow

The Free Cash Flow has remained stable with a slight growth of 0.21% in TTM, and the Operating Cash Flow to Net Income ratio is favorable at 8.02, showcasing strong cash generation relative to net income. A consistent Free Cash Flow to Net Income ratio in TTM indicates operational cash flow effectiveness.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
413.10M	398.80M	382.80M	325.90M	145.50M	127.40M
	Gross Profit
254.70M	251.30M	245.20M	209.40M	90.00M	69.80M
	EBIT
57.00M	46.80M	34.70M	179.80M	-23.20M	-97.40M
	EBITDA
92.70M	70.90M	85.40M	242.00M	-14.20M	-622.00M
	Net Income Common Stockholders
6.50M	-10.50M	-8.20M	130.80M	-78.10M	-633.60M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
276.80M	194.80M	204.20M	239.10M	231.20M	295.30M
	Total Assets
1.18B	1.05B	1.05B	1.10B	1.06B	1.05B
	Total Debt
515.30M	412.20M	415.80M	429.20M	534.60M	538.70M
	Net Debt
238.50M	217.40M	211.60M	190.10M	303.40M	243.40M
	Total Liabilities
790.90M	662.80M	649.30M	1.13B	1.18B	660.00M
	Stockholders Equity
392.10M	385.90M	404.60M	-33.10M	-119.40M	394.40M
Cash Flow		Free Cash Flow
46.90M	46.80M	28.80M	164.80M	83.40M	-41.10M
	Operating Cash Flow
52.10M	46.80M	40.30M	175.10M	90.00M	-37.10M
	Investing Cash Flow
-32.30M	-25.00M	-21.00M	-47.90M	-131.90M	-37.30M
	Financing Cash Flow
70.20M	-31.20M	-54.20M	-119.30M	-22.20M	360.10M

Emerald Expositions Events Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EEX, the sentiment is Positive. The current price of 4.85 is above the 20-day moving average (MA) of 4.70, above the 50-day MA of 4.37, and above the 200-day MA of 4.47, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 60.83 is Neutral, neither overbought nor oversold. The STOCH value of 49.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EEX.

Emerald Expositions Events Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEXN	75 Outperform	$619.05M	14.65	8.57%	―	1.63%	―
DLX	72 Outperform	$661.70M	11.87	9.10%	8.11%	-2.69%	61.73%
EEX	69 Neutral	$962.48M	300.62	1.62%	1.24%	4.87%	―
QNST	62 Neutral	$869.09M	―	-0.29%	―	88.81%	99.16%
Sector *	61 Neutral	$14.55B	5.92	-3.82%	8.36%	2.79%	-33.24%
NCMI	50 Neutral	$496.04M	―	-4.73%	1.16%	42.01%	-100.56%
CCO	48 Neutral	$546.39M	―	4.92%	―	-17.54%	66.05%

Emerald Expositions Events Corporate Events

Emerald Expositions Holds Annual Stockholders Meeting

On May 21, 2025, Emerald Holding, Inc. conducted its Annual Meeting of Stockholders, where a quorum was present. During the meeting, stockholders approved the re-election of three Class II directors and ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. These decisions are expected to maintain continuity in leadership and ensure reliable financial oversight for the company.

The most recent analyst rating on (EEX) stock is a Buy with a $7.80 price target. To see the full list of analyst forecasts on Emerald Expositions Events stock, see the EEX Stock Forecast page.