INNOVATE Statistics

Share Statistics

INNOVATE has 13.34M shares outstanding. The number of shares has increased by 1.76% in one year.

Shares Outstanding	13.34M
Shares Change (YoY)	1.76%
Shares Change (QoQ)	0.16%
Owned by Institutions (%)	20.02%
Shares Floating	5.24M
Failed to Deliver (FTD) Shares	120
FTD / Avg. Volume	0.39%

Short Selling Information

The latest short interest is 376.7K, so 2.84% of the outstanding shares have been sold short.

Short Interest	376.7K
Short % of Shares Out	2.84%
Short % of Float	6.3%
Short Ratio (days to cover)	26.62

Valuation Ratios

The PE ratio is -1.81 and the forward PE ratio is -0.47. INNOVATE's PEG ratio is 0.04.

PE Ratio	-1.81
Forward PE	-0.47
PS Ratio	0.06
Forward PS	0
PB Ratio	-0.36
P/FCF Ratio	-6.54
PEG Ratio	0.04

Financial Ratio History

Enterprise Valuation

Currently the Enterprise Value (EV) is not available for INNOVATE.

EV / Sales	n/a
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 0.81, with a Debt / Equity ratio of -3.99.

Current Ratio	0.81
Quick Ratio	0.77
Debt / Equity	-3.99
Debt / EBITDA	-7.26
Debt / FCF	-72.65
Interest Coverage	0.12

Financial Efficiency

Return on Equity is n/a and Return on Invested Capital is n/a.

Return on Equity	n/a
Return on Assets	n/a
Return on Invested Capital	n/a
Revenue Per Employee	$353.14K
Profits Per Employee	$-11.42K
Employee Count	3,135
Asset Turnover	1.24
Inventory Turnover	43.19

Taxes

Income Tax	-6.3M
Effective Tax Rate	18.86%

Stock Price Statistics

The stock price has increased by -2.9% in the last 52 weeks. The beta is 1.82, so INNOVATE's price volatility has been higher than the market average.

Beta	1.82
52-Week Price Change	-2.9%
50-Day Moving Average	5.49
200-Day Moving Average	6.7
Relative Strength Index (RSI)	44.87
Average Volume (20 Days)	30,391

Income Statement

In the last 12 months, INNOVATE had revenue of 1.11B and earned -35.8M in profits. Earnings per share was -2.73.

Revenue	1.11B
Gross Profit	208.8M
Operating Income	-9M
Net Income	-35.8M
EBITDA	-99M
EBIT	-107.9M
Earnings Per Share (EPS)	-2.73

Full Income Statement

Balance Sheet

The company has 48.8M in cash and 719.2M in debt, giving a net cash position of -670.4M.

Cash & Cash Equivalents	48.8M
Total Debt	719.2M
Net Cash	-670.4M
Retained Earnings	-521.9M
Total Assets	890.9M
Working Capital	-474.1M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 9.1M and capital expenditures -19M, giving a free cash flow of -9.9M.

Operating Cash Flow	9.1M
Capital Expenditures	-19M
Free Cash Flow	-9.9M
FCF Per Share	-0.76

Full Cash Flow Statement

Margins

Gross margin is 18.86%, with operating and profit margins of -0.81% and -3.23%.

Gross Margin	18.86%
Operating Margin	-0.81%
Pretax Margin	-3.02%
Profit Margin	-3.23%
EBITDA Margin	-8.94%
EBIT Margin	-0.81%
FCF Margin	-0.89%

Dividends & Yields

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

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Payout Ratio	n/a
Earnings Yield	n/a
FCF Yield	n/a

Dividend Details

Analyst Forecast

Currently there are no analyst rating for VATE.

Price Target	n/a
Price Target Difference	n/a
Analyst Consensus	n/a
Analyst Count	n/a

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	n/a
Graham Upside	n/a

Stock Splits

The last stock split was on Aug 9, 2024. It was a backward split with a ratio of 1:10.

Last Split Date	Aug 9, 2024
Split Type	backward
Split Ratio	1:10

Scores

Altman Z-Score	-0.3
Piotroski F-Score	3

INNOVATE Corp. (VATE)