INNOVATE Corp. (VATE)
INNOVATE Statistics
Share Statistics
INNOVATE has 13.28M shares outstanding. The number of shares has increased by -89.84% in one year.
| Shares Outstanding | 13.28M |
| Shares Change (YoY) | -89.84% |
| Shares Change (QoQ) | 0% |
| Owned by Institutions (%) | 18.21% |
| Shares Floating | 5.28M |
| Failed to Deliver (FTD) Shares | 1.65K |
| FTD / Avg. Volume | 0.25% |
Short Selling Information
The latest short interest is 435.42K, so 3.28% of the outstanding shares have been sold short.
| Short Interest | 435.42K |
| Short % of Shares Out | 3.28% |
| Short % of Float | 7.16% |
| Short Ratio (days to cover) | 10.56 |
Valuation Ratios
The PE ratio is -8.27 and the forward PE ratio is 0.16. INNOVATE's PEG ratio is 0.09.
| PE Ratio | -8.27 |
| Forward PE | 0.16 |
| PS Ratio | 0.27 |
| Forward PS | 0.1 |
| PB Ratio | 18.99 |
| P/FCF Ratio | -29.92 |
| PEG Ratio | 0.09 |
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 10.4.
| Current Ratio | 0.81 |
| Quick Ratio | 0.77 |
| Debt / Equity | 10.4 |
| Debt / EBITDA | -1.64 |
| Debt / FCF | -16.38 |
| 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 -3.97% in the last 52 weeks. The beta is 2.25, so INNOVATE's price volatility has been higher than the market average.
| Beta | 2.25 |
| 52-Week Price Change | -3.97% |
| 50-Day Moving Average | 8.71 |
| 200-Day Moving Average | 6.34 |
| Relative Strength Index (RSI) | 34.5 |
| Average Volume (20 Days) | 649.24K |
Income Statement
In the last 12 months, INNOVATE had revenue of 1.11B and earned -35.8M in profits. Earnings per share was -0.6.
| Revenue | 1.11B |
| Gross Profit | 208.8M |
| Operating Income | -9M |
| Net Income | -35.8M |
| EBITDA | -99M |
| EBIT | -107.9M |
| Earnings Per Share (EPS) | -0.6 |
Balance Sheet
The company has 48.8M in cash and 162.2M in debt, giving a net cash position of -113.4M.
| Cash & Cash Equivalents | 48.8M |
| Total Debt | 162.2M |
| Net Cash | -113.4M |
| Retained Earnings | -521.9M |
| Total Assets | 891.1M |
| Working Capital | -92.1M |
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 | -0.17 |
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 |
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 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 | 0.52 |
| Piotroski F-Score | 4 |