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DCF Valuation
Base-case fair value
$2.31
Intrinsic $3.08 · 25% MOS
Current price: $4.97
Base-case summary
Our base-case DCF for Emerald Holding, Inc. (EEX) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $58M in trailing free cash flow, this produces an intrinsic value of $3.08 per share. A 25% safety margin gives a fair value of $2.31, suggesting the stock is currently 53% overvalued against the $4.97 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$58M
Cash & equivalents
$121M
Total debt
$503M
Shares outstanding
199M