EMERALD HOLDING INC (EEX) Stock Fundamental Analysis
NYSE:EEX - New York Stock Exchange, Inc. - US29103W1045 - Common Stock - Currency: USD
Taking everything into account, EEX scores 4 out of 10 in our fundamental rating. EEX was compared to 97 industry peers in the Media industry. While EEX is still in line with the averages on profitability rating, there are concerns on its financial health. EEX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year EEX was profitable.
EEX had a positive operating cash flow in the past year.
EEX had negative earnings in 4 of the past 5 years.
EEX had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of EEX (0.38%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 1.15%, EEX is in line with its industry, outperforming 59.79% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.99%, EEX is in the better half of the industry, outperforming 73.20% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for EEX is in line with the industry average of 7.56%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.38% | ||
| ROE | 1.15% | ||
| ROIC | 6.99% |
ROA(3y)-0.96%
ROA(5y)-15.03%
ROE(3y)-2.63%
ROE(5y)-41.72%
ROIC(3y)8.99%
ROIC(5y)N/A
1.3 Margins
EEX's Profit Margin of 1.09% is in line compared to the rest of the industry. EEX outperforms 59.79% of its industry peers.
With an excellent Operating Margin value of 19.78%, EEX belongs to the best of the industry, outperforming 90.72% of the companies in the same industry.
EEX's Operating Margin has been stable in the last couple of years.
EEX's Gross Margin of 63.35% is fine compared to the rest of the industry. EEX outperforms 76.29% of its industry peers.
EEX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.78% | ||
| PM (TTM) | 1.09% | ||
| GM | 63.35% |
OM growth 3YN/A
OM growth 5Y-0.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.34%
GM growth 5Y-1.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so EEX is still creating some value.
Compared to 1 year ago, EEX has more shares outstanding
Compared to 5 years ago, EEX has more shares outstanding
The debt/assets ratio for EEX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.78, we must say that EEX is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of EEX (0.78) is comparable to the rest of the industry.
The Debt to FCF ratio of EEX is 11.78, which is on the high side as it means it would take EEX, 11.78 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 11.78, EEX is in line with its industry, outperforming 59.79% of the companies in the same industry.
A Debt/Equity ratio of 1.28 is on the high side and indicates that EEX has dependencies on debt financing.
The Debt to Equity ratio of EEX (1.28) is worse than 63.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | 11.78 | ||
| Altman-Z | 0.78 |
ROIC/WACC0.79
WACC8.88%
2.3 Liquidity
A Current Ratio of 1.59 indicates that EEX should not have too much problems paying its short term obligations.
EEX's Current ratio of 1.59 is fine compared to the rest of the industry. EEX outperforms 62.89% of its industry peers.
EEX has a Quick Ratio of 1.59. This is a normal value and indicates that EEX is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of EEX (1.59) is better than 62.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.59 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 108.00% over the past year.
Looking at the last year, EEX shows a small growth in Revenue. The Revenue has grown by 4.87% in the last year.
The Revenue has been growing slightly by 2.02% on average over the past years.
EPS 1Y (TTM)108%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4980%
Revenue 1Y (TTM)4.87%
Revenue growth 3Y39.95%
Revenue growth 5Y2.02%
Sales Q2Q%10.72%
3.2 Future
Based on estimates for the next years, EEX will show a very strong growth in Earnings Per Share. The EPS will grow by 240.51% on average per year.
The Revenue is expected to grow by 9.84% on average over the next years. This is quite good.
EPS Next Y630.25%
EPS Next 2Y240.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.38%
Revenue Next 2Y9.84%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 85.50, EEX can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of EEX is on the same level as its industry peers.
When comparing the Price/Earnings ratio of EEX to the average of the S&P500 Index (27.30), we can say EEX is valued expensively.
The Price/Forward Earnings ratio is 26.73, which means the current valuation is very expensive for EEX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EEX is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, EEX is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 85.5 | ||
| Fwd PE | 26.73 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EEX is on the same level as its industry peers.
EEX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.72 | ||
| EV/EBITDA | 11.73 |
4.3 Compensation for Growth
EEX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as EEX's earnings are expected to grow with 240.51% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y240.51%
EPS Next 3YN/A
5. Dividend
5.1 Amount
EEX has a Yearly Dividend Yield of 1.13%.
Compared to an average industry Dividend Yield of 4.62, EEX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, EEX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
The dividend of EEX decreases each year by -17.89%.
EEX has been paying a dividend for over 5 years, so it has already some track record.
EEX has decreased its dividend recently.
Dividend Growth(5Y)-17.89%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
EEX pays out 202.22% of its income as dividend. This is not a sustainable payout ratio.
DP202.22%
EPS Next 2Y240.51%
EPS Next 3YN/A
5.13
-0.16 (-3.02%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners5.8%
Inst Owner Change0%
Ins Owners0.52%
Ins Owner Change33.04%
Market Cap1.02B
Analysts80
Price Target8.06 (57.12%)
Short Float %6.95%
Short Ratio8.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend0.11
Dividend Growth(5Y)-17.89%
DP202.22%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.36%
Min EPS beat(2)-15.13%
Max EPS beat(2)21.86%
EPS beat(4)3
Avg EPS beat(4)34.8%
Min EPS beat(4)-15.13%
Max EPS beat(4)82%
EPS beat(8)5
Avg EPS beat(8)-98.07%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.32%
Min Revenue beat(2)-2.09%
Max Revenue beat(2)8.72%
Revenue beat(4)1
Avg Revenue beat(4)-1.33%
Min Revenue beat(4)-9.81%
Max Revenue beat(4)8.72%
Revenue beat(8)2
Avg Revenue beat(8)-1.21%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)-100%
EPS NY rev (1m)0%
EPS NY rev (3m)-30%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 85.5 | ||
| Fwd PE | 26.73 | ||
| P/S | 2.47 | ||
| P/FCF | 23.72 | ||
| P/OCF | 19.58 | ||
| P/B | 2.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.73 |
EPS(TTM)0.06
EY1.17%
EPS(NY)0.19
Fwd EY3.74%
FCF(TTM)0.22
FCFY4.22%
OCF(TTM)0.26
OCFY5.11%
SpS2.08
BVpS1.97
TBVpS-1.84
PEG (NY)0.14
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.38% | ||
| ROE | 1.15% | ||
| ROCE | 8.85% | ||
| ROIC | 6.99% | ||
| ROICexc | 9.99% | ||
| ROICexgc | N/A | ||
| OM | 19.78% | ||
| PM (TTM) | 1.09% | ||
| GM | 63.35% | ||
| FCFM | 10.41% |
ROA(3y)-0.96%
ROA(5y)-15.03%
ROE(3y)-2.63%
ROE(5y)-41.72%
ROIC(3y)8.99%
ROIC(5y)N/A
ROICexc(3y)12.17%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)11.38%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5Y16.36%
OM growth 3YN/A
OM growth 5Y-0.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.34%
GM growth 5Y-1.13%
F-Score6
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | 11.78 | ||
| Debt/EBITDA | 4.6 | ||
| Cap/Depr | 32.97% | ||
| Cap/Sales | 2.2% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 47.67% | ||
| Profit Quality | 955.56% | ||
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.59 | ||
| Altman-Z | 0.78 |
F-Score6
WACC8.88%
ROIC/WACC0.79
Cap/Depr(3y)25.83%
Cap/Depr(5y)19.92%
Cap/Sales(3y)2.87%
Cap/Sales(5y)3.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)108%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4980%
EPS Next Y630.25%
EPS Next 2Y240.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.87%
Revenue growth 3Y39.95%
Revenue growth 5Y2.02%
Sales Q2Q%10.72%
Revenue Next Year13.38%
Revenue Next 2Y9.84%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y47.47%
EBIT growth 3YN/A
EBIT growth 5Y1.01%
EBIT Next Year163.45%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-69.33%
FCF growth 3Y-23.73%
FCF growth 5Y-10.35%
OCF growth 1Y-65.5%
OCF growth 3Y-19.59%
OCF growth 5Y-7.15%