Innovate Corp Financials

VATE Stock  USD 5.86  0.27  4.40%   
Based on the analysis of Innovate Corp's profitability, liquidity, and operating efficiency, Innovate Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At present, Innovate Corp's Current Deferred Revenue is projected to increase significantly based on the last few years of reporting. The current year's Cash is expected to grow to about 94.4 M, whereas Other Current Liabilities is forecasted to decline to about 69.3 M. Key indicators impacting Innovate Corp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio1.191.2516
Notably Down
Pretty Stable
The essential information of the day-to-day investment outlook for Innovate Corp includes many different criteria found on its balance sheet. An individual investor should monitor Innovate Corp's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Innovate Corp.

Net Income

(39.48 Million)

  
Understanding current and past Innovate Corp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Innovate Corp's financial statements are interrelated, with each one affecting the others. For example, an increase in Innovate Corp's assets may result in an increase in income on the income statement.

Innovate Corp Earnings Geography

Please note, the presentation of Innovate Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Innovate Corp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Innovate Corp's management manipulating its earnings.

Innovate Corp Stock Summary

Innovate Corp competes with Matrix Service, IES Holdings, MYR, Construction Partners, and Sterling Construction. INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The company was incorporated in 1994 and is headquartered in New York, New York. Innovate Corp operates under Engineering Construction classification in the United States and is traded on New York Stock Exchange. It employs 02 people.
Specialization
Industrials, Engineering & Construction
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS45784J1051
CUSIP404139107 45784J105 741929301 45784J303 74443P104
LocationNew York; U.S.A
Business Address295 Madison Avenue,
SectorMachinery
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.innovatecorp.com
Phone212 235 2691
CurrencyUSD - US Dollar

Innovate Corp Key Financial Ratios

Innovate Corp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets7.0B6.7B1.1B1.2B1.0B1.7B
Other Current Liab153.9M5.8B111.3M68M73M69.4M
Net Debt544.8M329.2M580.8M634M691.1M438.3M
Retained Earnings(96.7M)(188.7M)(416.2M)(452.1M)(487.3M)(511.7M)
Accounts Payable134.6M69.7M179.2M202.5M142.9M100.6M
Cash228.8M232.3M45.5M80.4M80.8M94.4M
Net Receivables1.5B221.3M365.7M420M397M362.3M
Other Current Assets300.7M6.0B14.4M17.1M17.7M16.8M
Total Liab6.5B6.1B1.1B1.2B1.2B1.7B
Total Current Assets6.0B6.0B442.6M536.4M517.9M492.0M
Short Term Debt63.9M53.7M69.5M47.7M44M41.8M
Intangible Assets221.7M174.6M208.4M190.1M178.9M137.0M
Inventory22.6M9.9M17M18.9M22.4M16.8M
Good Will112.5M111M127.4M127.1M146.2M87.3M
Other Liab5.2B5.2B13.9M26.5M23.9M22.7M
Net Tangible Assets28.8M274.2M(420.1M)(438.5M)(394.7M)(374.9M)
Other Assets74.1M65.5M18M19.1M17.2M16.3M
Long Term Debt740.8M507M556.8M683.8M679.3M690.8M
Net Invested Capital1.2B1.1B542M593.1M544.3M613.0M
Net Working Capital5.4B5.7B3.1M120.7M104.7M99.5M

Innovate Corp Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense79.5M79.4M59.1M52M68.2M42.0M
Total Revenue1.8B1.0B1.2B1.6B1.4B1.1B
Gross Profit279.3M167.3M183.7M221.4M216M189.7M
Operating Income95.8M77.7M(9.1M)13.4M29.2M30.7M
Ebit95.8M28.1M(21.6M)10.9M33.8M21.0M
Ebitda111.2M54.9M16M53.1M69.8M59.8M
Cost Of Revenue1.5B838.5M1.0B1.4B1.2B863.7M
Income Before Tax(37.1M)(27.8M)(80.7M)(41.1M)(34.4M)(36.1M)
Net Income(16.8M)(46.4M)(79.8M)(40.8M)(37.6M)(39.5M)
Income Tax Expense(20.3M)10.5M5.6M900K4.5M4.7M
Tax Provision(20.6M)10.5M5.6M900K4.5M4.7M
Net Interest Income(95.1M)(79.4M)(59.1M)(52M)(68.2M)(71.6M)
Minority Interest105.1M45.7M8.7M6.1M3.7M3.5M

Innovate Corp Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory3.4M(18.8M)(13.4M)(1.9M)(3.5M)(3.3M)
Change In Cash(90.9M)38.7M2.2M34.7M100K95K
Free Cash Flow84.7M23.9M2.9M(30.2M)8.1M8.5M
Depreciation15.4M5.9M37.6M42.2M36M38.9M
Other Non Cash Items111.2M41.1M57.9M6.8M700K665K
Capital Expenditures25.8M17.8M24.1M20.7M18.4M17.5M
Net Income(36.1M)(102.1M)(86.3M)(42M)(35.2M)(37.0M)
End Period Cash Flow230.4M233.8M47.5M82.2M82.3M95.9M
Dividends Paid8.9M2.9M62.5M5.2M(2.2M)(2.1M)
Investments(187.9M)8.6M(223.2M)(22.5M)39.1M41.1M
Net Borrowings59.4M(185.9M)29.5M74M66.6M35.5M
Change To Netincome103.8M26.5M193M800K920K874K

Innovate Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Innovate Corp's current stock value. Our valuation model uses many indicators to compare Innovate Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Innovate Corp competition to find correlations between indicators driving Innovate Corp's intrinsic value. More Info.
Innovate Corp is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At present, Innovate Corp's Return On Equity is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Innovate Corp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Innovate Corp Systematic Risk

Innovate Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Innovate Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Innovate Corp correlated with the market. If Beta is less than 0 Innovate Corp generally moves in the opposite direction as compared to the market. If Innovate Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Innovate Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Innovate Corp is generally in the same direction as the market. If Beta > 1 Innovate Corp moves generally in the same direction as, but more than the movement of the benchmark.

Innovate Corp Thematic Clasifications

Innovate Corp is part of Construction Materials investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Construction Materials industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Construction MaterialsView
This theme covers USA Equities from Construction Materials industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Innovate Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Innovate Corp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Innovate Corp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.28

At present, Innovate Corp's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Innovate Corp November 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Innovate Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Innovate Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Innovate Corp based on widely used predictive technical indicators. In general, we focus on analyzing Innovate Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Innovate Corp's daily price indicators and compare them against related drivers.

Complementary Tools for Innovate Stock analysis

When running Innovate Corp's price analysis, check to measure Innovate Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovate Corp is operating at the current time. Most of Innovate Corp's value examination focuses on studying past and present price action to predict the probability of Innovate Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovate Corp's price. Additionally, you may evaluate how the addition of Innovate Corp to your portfolios can decrease your overall portfolio volatility.
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