INNOVATE Statistics

Total Valuation

INNOVATE has a market cap or net worth of $69.96 million. The enterprise value is $707.26 million.

Market Cap	69.96M
Enterprise Value	707.26M

Important Dates

The next estimated earnings date is Wednesday, August 7, 2024, after market close.

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

Share Statistics

INNOVATE has 130.53 million shares outstanding. The number of shares has increased by 1.29% in one year.

Shares Outstanding	130.53M
Shares Change (YoY)	+1.29%
Shares Change (QoQ)	+0.38%
Owned by Insiders (%)	90.29%
Owned by Institutions (%)	33.99%
Float	34.23M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	0.05
Forward PS	n/a
PB Ratio	n/a
P/FCF Ratio	1.12
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 10.51, with an EV/FCF ratio of 11.37.

EV / Earnings	n/a
EV / Sales	0.50
EV / EBITDA	10.51
EV / EBIT	21.37
EV / FCF	11.37

Financial Position

The company has a current ratio of 1.23

Current Ratio	1.23
Quick Ratio	0.88
Debt / Equity	n/a
Debt / EBITDA	10.04
Debt / FCF	10.86
Interest Coverage	0.47

Financial Efficiency

Return on Equity (ROE)	n/a
Return on Assets (ROA)	-4.30%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$352,957
Profits Per Employee	-$11,208
Employee Count	4,024
Asset Turnover	1.37
Inventory Turnover	55.65

Taxes

In the past 12 months, INNOVATE has paid $6.90 million in taxes.

Income Tax	6.90M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -70.06% in the last 52 weeks. The beta is 2.19, so INNOVATE's price volatility has been higher than the market average.

Beta (5Y)	2.19
52-Week Price Change	-70.06%
50-Day Moving Average	0.65
200-Day Moving Average	0.90
Relative Strength Index (RSI)	36.77
Average Volume (20 Days)	542,252

Short Selling Information

The latest short interest is 4.58 million, so 3.51% of the outstanding shares have been sold short.

Short Interest	4.58M
Short Previous Month	4.62M
Short % of Shares Out	3.51%
Short % of Float	13.38%
Short Ratio (days to cover)	11.24

Income Statement

In the last 12 months, INNOVATE had revenue of $1.42 billion and -$45.10 million in losses. Loss per share was -$0.56.

Revenue	1.42B
Gross Profit	221.00M
Operating Income	33.30M
Pretax Income	-36.70M
Net Income	-45.10M
EBITDA	67.30M
EBIT	33.10M
Loss Per Share	-$0.56

Full Income Statement

Balance Sheet

The company has $38.40 million in cash and $675.70 million in debt, giving a net cash position of -$637.30 million or -$4.88 per share.

Cash & Cash Equivalents	38.40M
Total Debt	675.70M
Net Cash	-637.30M
Net Cash Per Share	-$4.88
Equity (Book Value)	-184.40M
Book Value Per Share	-1.41
Working Capital	79.60M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $78.10 million and capital expenditures -$15.90 million, giving a free cash flow of $62.20 million.

Operating Cash Flow	78.10M
Capital Expenditures	-15.90M
Free Cash Flow	62.20M
FCF Per Share	$0.79

Full Cash Flow Statement

Margins

Gross margin is 15.56%, with operating and profit margins of 2.34% and -3.18%.

Gross Margin	15.56%
Operating Margin	2.34%
Pretax Margin	-2.58%
Profit Margin	-3.18%
EBITDA Margin	4.74%
EBIT Margin	2.33%
FCF Margin	4.38%

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	n/a
Payout Ratio	n/a
Buyback Yield	-1.29%
Shareholder Yield	-1.29%
Earnings Yield	-64.46%
FCF Yield	88.90%

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 August 5, 2024. It was a reverse split with a ratio of 1:10.

Last Split Date	Aug 5, 2024
Split Type	Reverse
Split Ratio	1:10

Scores

INNOVATE has an Altman Z-Score of 1.01 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.01
Piotroski F-Score	4