Emerald Expositions Events (EEX) AI Stock Analysis

• Market Cap: $962.15M
• Dividend Yield: 1.21%
• Average Volume (3M): 48.67K
• Price to Earnings (P/E): 121.8
• Beta (1Y): 1.09
• Revenue Growth: 9.96%
• EPS Growth: N/A
• Country: US
• Employees: 697
• Sector: Communication Services
• Sector Strength: 86
• Industry: Advertising Agencies
• EPS (TTM): <0.01
• Shares Outstanding: 197,972,900
• 10 Day Avg. Volume: 44,879
• 30 Day Avg. Volume: 48,670
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.37
• Enterprise Value/Revenue: 3.06
• Enterprise Value/Gross Profit: 4.83
• Enterprise Value/Ebitda: 13.49
• 1Y Price Target: $6.97
• Price Target Upside: 40.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 64 Neutral
• Price Target: $5.00 ▲(0.81% Upside)

Emerald Expositions Events shows positive financial performance with strong cash flow and reduced leverage. However, the high P/E ratio raises valuation concerns. Technical indicators suggest a lack of strong momentum, while recent earnings call and corporate events provide optimism for future growth. The overall score reflects a company in transition, with both opportunities and challenges ahead.

Positive Factors

Acquisition

The acquisition of Generis Group is expected to be beneficial for both revenue and profit, while also diversifying the company's portfolio across industries and geographies.

Financial Performance

Emerald reported second quarter results with revenue and adjusted EBITDA significantly exceeding estimates, indicating strong financial performance.

Revenue Visibility

Over 90% of 2025 revenue has been booked, showing strong visibility and confidence in future revenue streams.

Negative Factors

Event Timing

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

Profitability Impact

Gross margin declined due to mix, impacting overall profitability.

Emerald Expositions Events Business Overview & Revenue Model

Company Description

Emerald Expositions Events (EEX) is a leading operator of business-to-business trade shows and events in the United States, primarily serving various sectors including retail, hospitality, and design. The company organizes a portfolio of events that connect buyers and sellers, facilitating commerce and networking opportunities across multiple industries. Their core products and services include organizing trade shows, providing event management solutions, and offering marketing and sponsorship opportunities for exhibitors.

How the Company Makes Money

Emerald Expositions Events generates revenue through several key streams. The primary source of income comes from exhibit space sales, where companies pay to showcase their products at trade shows. Additionally, the company earns revenue from registration fees charged to attendees, sponsorships that provide exhibitors with enhanced visibility, and ancillary services such as advertising and promotional opportunities during events. Strategic partnerships with industry associations and organizations also contribute to their revenue by extending their reach and enhancing the value offered to exhibitors and attendees. Overall, EEX's business model leverages the gathering of industry professionals at high-profile events to drive sales and create networking opportunities.

Emerald Expositions Events Financial Statement Overview

Summary

Emerald Expositions Events is showing signs of recovery with improvements in profitability and cash flow stability. The balance sheet reflects a healthier leverage position. While profitability challenges in recent years have been mitigated, historical instability still poses potential risks. Overall, the financials suggest a cautious yet optimistic outlook.

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	432.60M	398.80M	382.80M	325.90M	145.50M	127.40M
Gross Profit	273.70M	251.30M	245.20M	209.40M	90.00M	69.80M
EBITDA	98.00M	70.90M	85.40M	242.00M	-14.20M	-622.00M
Net Income	7.90M	-10.50M	-8.20M	130.80M	-78.10M	-633.60M
Balance Sheet
Total Assets	1.20B	1.05B	1.05B	1.10B	1.06B	1.05B
Cash, Cash Equivalents and Short-Term Investments	156.40M	194.80M	204.20M	239.10M	231.20M	295.30M
Total Debt	13.80M	412.20M	415.80M	429.20M	534.60M	538.70M
Total Liabilities	812.70M	662.80M	649.30M	1.13B	1.18B	660.00M
Stockholders Equity	389.40M	385.90M	404.60M	-33.10M	-119.40M	394.40M
Cash Flow
Free Cash Flow	53.60M	37.00M	28.80M	164.80M	83.40M	-41.10M
Operating Cash Flow	58.20M	46.80M	40.30M	175.10M	90.00M	-37.10M
Investing Cash Flow	-156.20M	-25.00M	-21.00M	-47.90M	-131.90M	-37.30M
Financing Cash Flow	60.60M	-31.20M	-54.20M	-119.30M	-22.20M	360.10M

Emerald Expositions Events Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 4.96 is above the 20-day moving average (MA) of 4.92, above the 50-day MA of 4.95, and above the 200-day MA of 4.51, indicating a bullish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.48 is Neutral, neither overbought nor oversold. The STOCH value of 62.01 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
DLX	71 Outperform	$858.21M	14.89	9.20%	6.28%	-1.92%	49.63%
NEXN	70 Outperform	$656.07M	12.01	9.91%	―	9.65%	―
QNST	64 Neutral	$846.88M	192.98	2.04%	―	78.27%	―
EEX	64 Neutral	$962.15M	121.80	1.98%	1.21%	9.96%	―
Sector *	60 Neutral	$42.79B	1.96	-13.01%	4.01%	1.89%	-41.77%
NCMI	50 Neutral	$403.89M	―	-5.50%	2.13%	13.34%	-107.92%
CCO	46 Neutral	$601.39M	―	4.92%	―	-21.67%	81.70%

Emerald Expositions Events Corporate Events

Emerald Expositions Refinances Credit Facilities for Flexibility

On August 13, 2025, Emerald X, Inc., a subsidiary of Emerald Holding, Inc., amended its senior secured credit facilities by refinancing existing term loans with new ones at potentially lower interest rates, contingent on achieving a certain credit rating. This amendment aims to reduce borrowing costs and improve financial flexibility, potentially enhancing the company’s operational efficiency and market competitiveness.

Emerald Expositions Acquires Generis Group for $60 Million

On August 8, 2025, Emerald Holding, Inc. acquired the Generis Group, a Toronto-based leader in B2B executive summits, for approximately $60 million. This strategic acquisition enhances Emerald’s portfolio by adding Generis’ insight-led, one-to-one meeting formats, known for high customer satisfaction and business impact, and expands Emerald’s presence in executive-level experiences across the U.S. and Europe. The acquisition is expected to unlock new opportunities for Emerald to deepen executive relationships and drive sustained growth, with Generis hosting 17 annual events across key verticals such as supply chain, manufacturing, and life sciences.

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.