INNOVATE Statistics
Total Valuation
INNOVATE has a market cap or net worth of $85.11 million. The enterprise value is $722.41 million.
| Market Cap | 85.11M |
| Enterprise Value | 722.41M |
Important Dates
The next confirmed 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 | 0.06 |
| Forward PS | n/a |
| PB Ratio | n/a |
| P/FCF Ratio | 1.37 |
| PEG Ratio | n/a |
Enterprise Valuation
The stock's EV/EBITDA ratio is 10.73, with an EV/FCF ratio of 11.61.
| EV / Earnings | n/a |
| EV / Sales | 0.51 |
| EV / EBITDA | 10.73 |
| EV / EBIT | 21.82 |
| EV / FCF | 11.61 |
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 -63.43% 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 | -63.43% |
| 50-Day Moving Average | 0.64 |
| 200-Day Moving Average | 0.88 |
| Relative Strength Index (RSI) | 52.11 |
| Average Volume (20 Days) | 636,713 |
Short Selling Information
The latest short interest is 2.69 million, so 2.06% of the outstanding shares have been sold short.
| Short Interest | 2.69M |
| Short Previous Month | 4.66M |
| Short % of Shares Out | 2.06% |
| Short % of Float | 7.87% |
| Short Ratio (days to cover) | 5.68 |
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 |
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 |
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 |
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 | -52.99% |
| FCF Yield | 73.09% |
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 1.02 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.02 |
| Piotroski F-Score | 4 |