INNOVATE Statistics

Total Valuation

INNOVATE has a market cap or net worth of $54.85 million. The enterprise value is $683.85 million.

Market Cap	54.85M
Enterprise Value	683.85M

Important Dates

The next confirmed earnings date is Tuesday, May 7, 2024, after market close.

Earnings Date	May 7, 2024
Ex-Dividend Date	n/a

Share Statistics

INNOVATE has 101.88 million shares outstanding. The number of shares has increased by 0.77% in one year.

Shares Outstanding	101.88M
Shares Change (YoY)	+0.77%
Shares Change (QoQ)	n/a
Owned by Insiders (%)	38.61%
Owned by Institutions (%)	34.92%
Float	47.74M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	0.04
Forward PS	n/a
PB Ratio	n/a
P/FCF Ratio	5.65
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.30, with an EV/FCF ratio of 70.50.

EV / Earnings	n/a
EV / Sales	0.48
EV / EBITDA	9.30
EV / EBIT	18.24
EV / FCF	70.50

Financial Position

The company has a current ratio of 1.25

Current Ratio	1.25
Quick Ratio	0.87
Debt / Equity	n/a
Debt / EBITDA	9.66
Debt / FCF	73.18
Interest Coverage	0.55

Financial Efficiency

Return on Equity (ROE)	n/a
Return on Assets (ROA)	-3.50%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$360,618
Profits Per Employee	-$9,529
Employee Count	3,946
Asset Turnover	1.34
Inventory Turnover	58.45

Taxes

In the past 12 months, INNOVATE has paid $4.50 million in taxes.

Income Tax	4.50M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -81.04% in the last 52 weeks. The beta is 2.13, so INNOVATE's price volatility has been higher than the market average.

Beta (1Y)	2.13
52-Week Price Change	-81.04%
50-Day Moving Average	0.70
200-Day Moving Average	1.18
Relative Strength Index (RSI)	32.13
Average Volume (30 Days)	245,193

Short Selling Information

The latest short interest is 4.84 million, so 4.75% of the outstanding shares have been sold short.

Short Interest	4.84M
Short Previous Month	5.12M
Short % of Shares Out	4.75%
Short % of Float	10.13%
Short Ratio (days to cover)	16.62

Income Statement

In the last 12 months, INNOVATE had revenue of $1.42 billion and -$37.60 million in losses. Loss per share was -$0.48.

Revenue	1.42B
Gross Profit	216.00M
Operating Income	26.50M
Pretax Income	-30.70M
Net Income	-37.60M
EBITDA	73.50M
EBIT	37.50M
Loss Per Share	-$0.48

Full Income Statement

Balance Sheet

The company has $80.80 million in cash and $709.80 million in debt, giving a net cash position of -$629.00 million or -$6.17 per share.

Cash & Cash Equivalents	80.80M
Total Debt	709.80M
Net Cash	-629.00M
Net Cash Per Share	-$6.17
Equity / Book Value	-165.50M
Book Value Per Share	-1.62
Working Capital	104.10M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $26.50 million and capital expenditures -$16.80 million, giving a free cash flow of $9.70 million.

Operating Cash Flow	26.50M
Capital Expenditures	-16.80M
Free Cash Flow	9.70M
FCF Per Share	$0.12

Full Cash Flow Statement

Margins

Gross margin is 15.18%, with operating and profit margins of 1.86% and -2.64%.

Gross Margin	15.18%
Operating Margin	1.86%
Pretax Margin	-2.16%
Profit Margin	-2.64%
EBITDA Margin	5.17%
EBIT Margin	2.64%
FCF Margin	0.68%

Dividends & Yields

INNOVATE does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	1
Payout Ratio	n/a
Buyback Yield	-0.77%
Shareholder Yield	-0.77%
Earnings Yield	-68.55%
FCF Yield	17.68%

Dividend Details

Analyst Forecast

Price Target	n/a
Price Target Difference	n/a
Analyst Consensus	n/a
Analyst Count	n/a
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

The last stock split was on October 8, 2020. It was a forward split with a ratio of 1291:1289.

Last Split Date	Oct 8, 2020
Split Type	Forward
Split Ratio	1291:1289

Scores

INNOVATE has an Altman Z-Score of 0.98 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.98
Piotroski F-Score	4