Emerald Holding, Inc. (NYSE:EEX) Financial Performance and Competitive Analysis

• Emerald Holding, Inc. (NYSE:EEX) has a Return on Invested Capital (ROIC) of 2.91%, which is lower than its Weighted Average Cost of Capital (WACC) of 9.06%, indicating inefficiency in generating sufficient returns on investments.
• Comparative analysis shows that peers like Byline Bancorp, Inc. and WideOpenWest, Inc. also struggle with their ROIC to WACC ratios, whereas Hamilton Beach Brands Holding Company and Clipper Realty Inc. demonstrate more efficient capital utilization.
• Clipper Realty Inc. stands out with an exceptional ROIC of 41.74% and a WACC of 1.88%, leading to a remarkable ROIC to WACC ratio of 22.16, showcasing its capital efficiency.

Emerald Holding, Inc. (NYSE:EEX) is a company that specializes in organizing trade shows and conferences across various industries. It plays a significant role in connecting businesses and fostering industry growth through its events. In the competitive landscape, EEX faces peers like Byline Bancorp, Inc., WideOpenWest, Inc., Equity Bancshares, Inc., Hamilton Beach Brands Holding Company, and Clipper Realty Inc.

In evaluating EEX's financial performance, the Return on Invested Capital (ROIC) is a crucial metric. EEX's ROIC stands at 2.91%, which is notably lower than its Weighted Average Cost of Capital (WACC) of 9.06%. This results in a ROIC to WACC ratio of 0.32, indicating that EEX is not generating sufficient returns on its investments relative to its cost of capital.

Comparatively, Byline Bancorp, Inc. has a negative ROIC of -2.04% against a WACC of 12.86%, resulting in a ROIC to WACC ratio of -0.16. This suggests that Byline is also struggling to generate returns that exceed its cost of capital. WideOpenWest, Inc. shows a slight improvement with a ROIC of 0.44% and a WACC of 6.51%, leading to a ROIC to WACC ratio of 0.07.

On the other hand, Hamilton Beach Brands Holding Company and Clipper Realty Inc. demonstrate more efficient capital utilization. Hamilton Beach has a ROIC of 15.13% and a WACC of 4.03%, resulting in a ROIC to WACC ratio of 3.75. Clipper Realty Inc. stands out with a ROIC of 41.74% and a WACC of 1.88%, achieving a remarkable ROIC to WACC ratio of 22.16, as highlighted by its exceptional capital efficiency.