INNOVATE Corp. (VATE)
NYSE: VATE · IEX Real-Time Price · USD
0.600
-0.065 (-9.76%)
Apr 15, 2024, 4:00 PM EDT - Market closed

INNOVATE Statistics

Total Valuation

INNOVATE has a market cap or net worth of $61.14 million. The enterprise value is $690.14 million.

Market Cap 61.14M
Enterprise Value 690.14M

Important Dates

The next estimated earnings date is Tuesday, April 30, 2024, after market close.

Earnings Date Apr 30, 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 (%) 34.81%
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 6.30
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.39, with an EV/FCF ratio of 71.15.

EV / Earnings n/a
EV / Sales 0.48
EV / EBITDA 9.39
EV / EBIT 18.40
EV / FCF 71.15

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 -79.79% 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 -79.79%
50-Day Moving Average 0.77
200-Day Moving Average 1.24
Relative Strength Index (RSI) 37.98
Average Volume (30 Days) 247,514

Short Selling Information

The latest short interest is 4.70 million, so 4.62% of the outstanding shares have been sold short.

Short Interest 4.70M
Short Previous Month 4.30M
Short % of Shares Out 4.62%
Short % of Float 9.85%
Short Ratio (days to cover) 13.33

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 -61.50%
FCF Yield 15.87%
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