Stock VATE INNOVATE CORP.
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Financials INNOVATE Corp.

Equities

VATE

US45784J1051

Construction & Engineering

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
0.5384 USD -3.89% Intraday chart for INNOVATE Corp. -11.13% -56.23%
Mar. 25 Innovate Extends Subscription Period of Rights Offering MT
Mar. 05 INNOVATE Corp. announced that it expects to receive $35 million in funding from Lancer Capital LLC CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 118.2 99.68 249.7 287.7 146.5 97.46
Enterprise Value (EV) 1 537.1 775 626.4 942.5 851.4 790.4
P/E ratio 0.91 x -3.27 x -1.74 x -1.24 x -3.55 x -2.55 x
Yield - - - - - -
Capitalization / Revenue 0.06 x 0.05 x 0.25 x 0.24 x 0.09 x 0.07 x
EV / Revenue 0.27 x 0.39 x 0.62 x 0.78 x 0.52 x 0.56 x
EV / EBITDA -40.4 x 6.19 x 40.9 x 29.6 x 13.6 x 12.1 x
EV / FCF -0.87 x 6.27 x 3.57 x 1.48 x -23.5 x 40.1 x
FCF Yield -115% 16% 28% 67.7% -4.25% 2.5%
Price to Book 1.35 x 0.29 x 0.45 x -3.42 x -1.21 x -0.59 x
Nbr of stocks (in thousands) 44,775 45,935 76,587 77,768 78,356 79,235
Reference price 2 2.640 2.170 3.260 3.700 1.870 1.230
Announcement Date 3/12/19 3/16/20 3/10/21 3/9/22 3/14/23 3/6/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,977 1,984 1,006 1,205 1,637 1,423
EBITDA 1 -13.3 125.2 15.3 31.8 62.8 65.2
EBIT 1 -52 84.1 9.4 -5.8 20.6 29.2
Operating Margin -2.63% 4.24% 0.93% -0.48% 1.26% 2.05%
Earnings before Tax (EBT) 1 182.3 -56.7 -27.8 -80.7 -41.1 -34.4
Net income 1 162 -31.5 -92 -227.5 -35.9 -35.2
Net margin 8.2% -1.59% -9.15% -18.88% -2.19% -2.47%
EPS 2 2.900 -0.6629 -1.878 -2.980 -0.5265 -0.4814
Free Cash Flow 1 -619.3 123.6 175.6 638.3 -36.22 19.72
FCF margin -31.33% 6.23% 17.46% 52.97% -2.21% 1.39%
FCF Conversion (EBITDA) - 98.74% 1,148.04% 2,007.35% - 30.25%
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/12/19 3/16/20 3/10/21 3/9/22 3/14/23 3/6/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 419 675 377 655 705 693
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -31.5 x 5.394 x 24.62 x 20.59 x 11.22 x 10.63 x
Free Cash Flow 1 -619 124 176 638 -36.2 19.7
ROE (net income / shareholders' equity) 82.1% -10.5% -7.09% -27.5% 475% 46.9%
ROA (Net income/ Total Assets) -0.67% 0.78% 0.09% -0.09% 1.15% 1.66%
Assets 1 -24,230 -4,034 -107,351 245,151 -3,112 -2,117
Book Value Per Share 2 1.960 7.590 7.300 -1.080 -1.540 -2.090
Cash Flow per Share 2 7.240 5.190 3.030 0.5800 1.020 1.020
Capex 1 39.7 41.4 17.8 24.1 20.7 18.4
Capex / Sales 2.01% 2.09% 1.77% 2% 1.26% 1.29%
Announcement Date 3/12/19 3/16/20 3/10/21 3/9/22 3/14/23 3/6/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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1st Jan change Capi.
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