Innovate Corp
General ticker "VATE" information:
- Sector: Industrials
- Industry: Construction & Engineering
- Capitalization: $75.6M
Innovate Corp does not follow the US Stock Market performance with the rate: -31.8%.
Estimated limits based on current volatility of 4.2%: low 5.12$, high 5.57$
Factors to consider:
- Current price 18.2% below estimated low
- Earnings for 9 months up through Q3 are below our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [6.38$, 15.12$]
- 2024-12-30 to 2025-12-30 estimated range: [6.52$, 14.83$]
Financial Metrics affecting the VATE estimates:
- Negative: Non-GAAP EPS, $ of -0.47 <= 0.10
- Positive: Operating cash flow per share per price, % of 29.69 > 12.76
- Negative: negative Net income
- Positive: 1.03 < Operating profit margin, % of 1.86
- Positive: 4.38 < Industry earnings per price (median), % of 4.39
- Positive: 2.14 < Industry operating profit margin (median), % of 5.39
Short-term VATE quotes
Long-term VATE plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $1,204.60MM | $1,636.60MM | $1,421.70MM |
| Operating Expenses | $1,215.20MM | $1,623.20MM | $1,395.20MM |
| Operating Income | $-10.60MM | $13.40MM | $26.50MM |
| Non-Operating Income | $-70.10MM | $-54.50MM | $-60.90MM |
| Interest Expense | $59.10MM | $52.00MM | $68.20MM |
| Income(Loss) | $-80.70MM | $-41.10MM | $-34.40MM |
| Taxes | $5.60MM | $0.90MM | $4.50MM |
| Other Income(Loss) | $-149.90MM | $0.00MM | $0.00MM |
| Profit(Loss) | $-236.20MM | $-42.00MM | $-38.90MM |
| Stockholders Equity | $-84.30MM | $-121.30MM | $-165.50MM |
| Inventory | $17.00MM | $18.90MM | $22.40MM |
| Assets | $1,080.60MM | $1,151.70MM | $1,043.60MM |
| Operating Cash Flow | $27.00MM | $-9.50MM | $26.50MM |
| Capital expenditure | $24.10MM | $20.70MM | $18.40MM |
| Investing Cash Flow | $-223.20MM | $-22.50MM | $39.10MM |
| Financing Cash Flow | $4.30MM | $68.10MM | $-65.30MM |
| Earnings Per Share* | $-10.35 | $-5.26 | $-4.78 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.