INNOVATE Corp. (VATE)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 717 | 1,205 | 1,637 | 1,423 | 1,107 | 1,246 | 1,516 | 1,608 |
| Operating profit | $m | 34 | 68 | ||||||
| Net profit | $m | -92 | -227 | -36 | -35 | -35 | -61 | -22 | -145 |
| EPS reported | $ | -4.84 | -1.87 | ||||||
| Operating cashflow per share | $ | 11.09 | 13.96 | ||||||
| Capex per share | $ | 1.97 | 3.34 | ||||||
| FCF per share | $ | 9.12 | 10.62 | ||||||
| Free cash flow | $m | 121 | 142 | ||||||
| Net debt | $m | 550 | 528 | ||||||
| Book value equity | $m | -231 | -233 | ||||||
| Book value per share | $ | -17.46 | -16.72 | ||||||
| Number of shares | m | 13.22 | 13.97 | ||||||
| DPS (TTM paid) | $ | 0.78 | 0.78 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | -0.26 | -0.26 | ||||||
| P/S LTM | x | 0.05 | 0.04 | ||||||
| P/FCF LTM | x | 0.50 | 0.42 | ||||||
| EV/EBITDA LTM | x | 11.49 | 6.00 | ||||||
| EV/Sales LTM | x | 0.53 | 0.13 | ||||||
| Earnings Yield LTM | % | -1.01% | -23.49% | ||||||
| FCF Yield | % | +201.70% | +237.68% | ||||||
| Quality | |||||||||
| ROE | % | +26.26% | +13.42% | ||||||
| ROIC | % | +6.70% | +41.71% | ||||||
| Operating margin | % | +2.74% | +4.48% | ||||||
| Gross margin | % | +14.62% | +15.08% | ||||||
| FCF/Sales | % | +9.67% | +9.37% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | +12.55% | +36.95% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | -14.50% | +69.75% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +3.68% | +10.94% | ||||||
| Dividend Growth | % | +751.35% | +751.35% | ||||||
| Payout Ratio | % | -3.44% | -8.73% | ||||||
| FCF/Debt | x | 0.17 | 0.21 | ||||||
| Net Debt/EBITDA | x | 10.46 | 0.94 | ||||||
| EBIT/Net interest | x | 0.38 | 0.68 | ||||||
| Net debt/market cap | % | +11.07% | +1.73% | ||||||
| Net debt/Equity | x | -2.38 | -2.26 | ||||||
| Gross debt/equity | x | -3.11 | -2.92 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
INNOVATE Corp. (VATE), a New York-based entity founded in 1994 and previously known as HC2 Holdings, Inc. until its name change in September 2021, manages a diverse range of subsidiaries operating within the infrastructure, life sciences, and spectrum sectors across the United States. Its extensive infrastructure division delivers services such as industrial construction, structural steel work, and facility maintenance. These capabilities are applied to a wide array of projects, including commercial structures like office complexes, hotels, casinos, convention centers, sports arenas, shopping malls, and hospitals, as well as significant industrial and civic infrastructure like dams, bridges, mines, metal processing plants, refineries, pulp and paper mills, and power generation facilities. INNOVATE also manufactures specialized components such as trusses, girders, water pipes, storage tanks, tunnel liners, pressure vessels, strainers, filters, separators, and other custom products. The company additionally offers integrated solutions encompassing digital engineering, modeling, detailing, construction, heavy equipment installation, and facility services, alongside expert steel and rebar detailing and BIM modeling and management. Furthermore, it supplies equipment critical to the oil, gas, petrochemical, and pipeline industries. Within the life sciences realm, INNOVATE focuses on the development of products designed to address early osteoarthritis of the knee, as well as aesthetic and medical technologies for skin care. Finally, its spectrum operations include the management of various over-the-air broadcasting stations and the operation of Azteca America, a Spanish-language broadcast network.
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