Emerald Expositions Events (EEX) AI Stock Analysis

• Market Cap: $960.17M
• Dividend Yield: 1.24%
• Average Volume (3M): 44.67K
• Price to Earnings (P/E): 121.6
• Beta (1Y): 1.05
• Revenue Growth: 9.96%
• EPS Growth: N/A
• Country: US
• Employees: 697
• Sector: Communication Services
• Sector Strength: 94
• Industry: Advertising Agencies
• EPS (TTM): <0.01
• Shares Outstanding: 197,972,900
• 10 Day Avg. Volume: 34,574
• 30 Day Avg. Volume: 44,669
• 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: 1.38
• Enterprise Value/Revenue: 3.06
• Enterprise Value/Gross Profit: 4.83
• Enterprise Value/Ebitda: 13.49
• 1Y Price Target: $6.97
• Price Target Upside: 43.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 64 Neutral
• Price Target: $5.00 ▲(3.09% 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

Revenue Growth

The significant revenue growth driven by acquisitions indicates successful expansion and strengthens market position, supporting long-term growth.

Financial Flexibility

Refinancing credit facilities enhances financial flexibility, potentially reducing borrowing costs and improving operational efficiency.

Strategic Acquisitions

The acquisition of Generis Group expands Emerald's presence in executive summits, unlocking new growth opportunities and strengthening competitive edge.

Negative Factors

Muted Organic Growth

Limited organic growth highlights challenges in core operations, suggesting reliance on acquisitions for expansion, which may impact sustainable growth.

Regional Challenges

Regional softness in key markets like China and Canada could hinder global expansion efforts, affecting long-term revenue potential.

Construction Impact

Disruptions from construction at major venues can negatively impact event execution and revenue, posing risks to operational stability.

Emerald Expositions Events Business Overview & Revenue Model

Company Description

Emerald Holding, Inc. operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including retail, design and construction, technology, equipment, and safety and security. It also operates content and content-marketing websites, and related digital products, as well as produce publications. In addition, the company operates Elastic Suite platform that streamlines the wholesale buying process for brands and retail buyers; and Flex platform. Emerald Expositions Events, Inc. was incorporated in 2013 and is based in New York, New York.

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 on a recovery path with improving revenue and profitability metrics. The balance sheet shows reduced leverage and improved financial stability, while cash flow generation is strong, supporting future growth. Despite these positive trends, the company needs to enhance its net profit margins to ensure sustainable profitability.

Income Statement

Emerald Expositions Events has shown a positive revenue growth rate of 4.72% in the TTM, indicating a recovery trend. The gross profit margin remains strong at 63.27%, and the EBIT margin has improved to 16.13%, reflecting operational efficiency. However, the net profit margin is low at 1.83%, suggesting limited profitability. The company has transitioned from a net loss to a small net income, indicating progress but still highlighting the need for further profitability improvements.

Balance Sheet

The company's debt-to-equity ratio has significantly improved to 0.035 in the TTM, indicating a strong reduction in leverage and improved financial stability. The return on equity is modest at 2.03%, reflecting a cautious recovery in profitability. The equity ratio stands at 32.39%, suggesting a solid equity base relative to total assets. Overall, the balance sheet shows a positive trajectory with reduced financial risk.

Cash Flow

Emerald Expositions Events has achieved a notable free cash flow growth rate of 14.29% in the TTM, indicating improved cash generation. The operating cash flow to net income ratio is healthy at 7.37, showing strong cash flow relative to earnings. The free cash flow to net income ratio is high at 94.09%, suggesting efficient conversion of earnings into cash. The cash flow statement reflects a strong cash position, supporting operational and strategic flexibility.

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: Neutral
• Last Price: 4.85
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EEX, the sentiment is Neutral. The current price of 4.85 is below the 20-day moving average (MA) of 5.05, below the 50-day MA of 5.03, and above the 200-day MA of 4.55, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 43.35 is Neutral, neither overbought nor oversold. The STOCH value of 18.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$656.07M	12.46	9.91%	―	1.63%	―
DLX	71 Outperform	$857.76M	14.89	9.20%	6.28%	-1.92%	49.63%
QNST	66 Neutral	$912.44M	201.79	2.04%	―	78.27%	―
EEX	64 Neutral	$960.17M	121.55	1.98%	1.24%	9.96%	―
Sector *	60 Neutral	$47.13B	4.38	-11.40%	4.21%	1.87%	-42.87%
CCO	54 Neutral	$631.21M	―	4.92%	―	-21.67%	81.70%
NCMI	50 Neutral	$422.63M	―	-5.50%	1.99%	13.34%	-107.92%

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.