EMERALD HOLDING INC (EEX) Stock Fundamental Analysis
NYSE:EEX - New York Stock Exchange, Inc. - US29103W1045 - Common Stock - Currency: USD
EEX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 97 industry peers in the Media industry. EEX has a medium profitability rating, but doesn't score so well on its financial health evaluation. EEX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
EEX had positive earnings in the past year.
In the past year EEX had a positive cash flow from operations.
In the past 5 years EEX reported 4 times negative net income.
Of the past 5 years EEX 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.38%, EEX is in line with its industry, outperforming 59.79% of the companies in the same 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.
EEX has a Return On Invested Capital of 6.99%. This is in the better half of the industry: EEX outperforms 73.20% of its industry peers.
EEX had an Average Return On Invested Capital over the past 3 years of 8.99%. This is in line with the industry average of 7.59%.
| 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.
In the last couple of years the Gross Margin of EEX has remained more or less at the same level.
| 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.
EEX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, EEX has more shares outstanding
EEX has a worse debt/assets ratio than last year.
2.2 Solvency
EEX has an Altman-Z score of 0.76. This is a bad value and indicates that EEX is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of EEX (0.76) 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.
With a Debt to FCF ratio value of 11.78, EEX perfoms like the industry average, 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.
EEX has a worse Debt to Equity ratio (1.28) than 64.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | 11.78 | ||
| Altman-Z | 0.76 |
ROIC/WACC0.78
WACC8.91%
2.3 Liquidity
EEX has a Current 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.
EEX has a better Current ratio (1.59) than 62.89% of its industry peers.
A Quick Ratio of 1.59 indicates that EEX should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.59, EEX is doing good in the industry, outperforming 62.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.59 |
3. Growth
3.1 Past
EEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 108.00%, which is quite impressive.
EEX shows a small growth in Revenue. In the last year, the Revenue has grown by 4.87%.
Measured over the past years, EEX shows a small growth in Revenue. The Revenue has been growing by 2.02% on average per year.
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
The Earnings Per Share is expected to grow by 240.51% on average over the next years. This is a very strong growth
EEX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.84% yearly.
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
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 85.17, the valuation of EEX can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of EEX is on the same level as its industry peers.
EEX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.93.
With a Price/Forward Earnings ratio of 26.63, EEX can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as EEX.
When comparing the Price/Forward Earnings ratio of EEX to the average of the S&P500 Index (37.78), we can say EEX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 85.17 | ||
| Fwd PE | 26.63 |
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 | 23.63 | ||
| EV/EBITDA | 11.47 |
4.3 Compensation for Growth
The 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 1.14%.
Compared to an average industry Dividend Yield of 4.68, EEX pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.14, EEX pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
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
202.22% of the earnings are spent on dividend by EEX. This is not a sustainable payout ratio.
DP202.22%
EPS Next 2Y240.51%
EPS Next 3YN/A
5.11
-0.04 (-0.78%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners5.8%
Inst Owner Change0.03%
Ins Owners0.52%
Ins Owner Change33.04%
Market Cap1.02B
Analysts80
Price Target8.06 (57.73%)
Short Float %6.94%
Short Ratio8.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
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 | 85.17 | ||
| Fwd PE | 26.63 | ||
| P/S | 2.46 | ||
| P/FCF | 23.63 | ||
| P/OCF | 19.5 | ||
| P/B | 2.59 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.47 |
EPS(TTM)0.06
EY1.17%
EPS(NY)0.19
Fwd EY3.76%
FCF(TTM)0.22
FCFY4.23%
OCF(TTM)0.26
OCFY5.13%
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 | 0.76 |
F-Score6
WACC8.91%
ROIC/WACC0.78
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%