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INNOVATE Corp.

  • Market Cap: Micro Cap
  • Industry: Construction
  • ISIN: US45784J1051
USD
4.86
-0.12 (-2.41%)

Dec 04

NYS

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  • Price Points
  • Score
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  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

4.765.02

52 Week

4.0513.79
Valuation
Technical
Day's Volume

CASH

8.76 k

Shareholding (Jun 2025)

FII

1.05%

Held by 19 FIIs

DII

91.79%

Held by 7 DIIs

Promoter

0.09%

How big is INNOVATE Corp.?

22-Jun-2025

As of Jun 18, INNOVATE Corp. has a market capitalization of 78.29 million, with net sales of 1,066.10 million and a net profit of -45.40 million over the latest four quarters. Shareholder's funds are at -164.30 million, and total assets amount to 891.10 million as of Dec'24.

As of Jun 18, INNOVATE Corp. has a market capitalization of 78.29 million, categorizing it as a Micro Cap company.<BR><BR>As of Jun 18, the sum of net sales for the latest four quarters is 1,066.10 million, while the sum of net profit for the same period is -45.40 million.<BR><BR>As of Dec'24, the reporting period shows shareholder's funds at -164.30 million and total assets amounting to 891.10 million.

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What does INNOVATE Corp. do?

22-Jun-2025

INNOVATE Corp. is a micro-cap diversified holding company in the construction industry, reporting net sales of $274 million and a net loss of $26 million as of March 2025. The company has a market cap of $78.29 million and does not pay dividends.

Overview:<BR>INNOVATE Corp. is a diversified holding company operating in the construction industry, categorized as a micro-cap company.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 274 Million (Quarterly Results - Mar 2025)<BR>- Most recent Net Profit: -26 Million (Quarterly Results - Mar 2025)<BR>- Market-cap: USD 78.29 Million (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: NA (Loss Making)<BR>- Industry P/E: NA<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -3.42<BR>- Return on Equity: 21.48%<BR>- Price to Book: -0.42<BR><BR>Contact Details:<BR>- Address: 450 PARK AVENUE, 29TH FLOOR, NEW YORK NY : 10022<BR>- Tel: 1 212 2352690<BR>- Fax: 1 302 6555049<BR>- Website: http://hc2.com/

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Who are in the management team of INNOVATE Corp.?

22-Jun-2025

As of March 2022, the management team of INNOVATE Corp. includes Interim Non-Executive Chairman Mr. Warren Gfeller, CEO and Director Mr. Wayne Barr, and Independent Directors Mr. Kenneth Courtis, Mr. Avram Glazer, Mr. Michael Gorzynski, and Ms. Shelly Lombard. They oversee the company's strategic direction and governance.

As of March 2022, the management team of INNOVATE Corp. includes the following individuals:<BR><BR>- Mr. Warren Gfeller, who serves as the Interim Non-Executive Chairman of the Board.<BR>- Mr. Wayne Barr, who is the Chief Executive Officer and a Director.<BR>- Mr. Kenneth Courtis, who holds the position of Independent Director.<BR>- Mr. Avram Glazer, also an Independent Director.<BR>- Mr. Michael Gorzynski, serving as an Independent Director.<BR>- Ms. Shelly Lombard, who is another Independent Director.<BR><BR>This team is responsible for overseeing the strategic direction and governance of the company.

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Is INNOVATE Corp. overvalued or undervalued?

20-Sep-2025

As of November 5, 2019, INNOVATE Corp. is considered risky due to its negative price-to-book value of -0.45, high EV to EBITDA ratio of 10.57, low ROCE of 8.02%, and poor stock performance, including a -5.06% year-to-date return and an -81.15% decline over the past five years.

As of 5 November 2019, the valuation grade for INNOVATE Corp. has moved from attractive to risky, indicating a significant deterioration in its investment appeal. The company appears to be overvalued given its negative price-to-book value of -0.45 and a high EV to EBITDA ratio of 10.57, which suggests that investors are paying a premium relative to earnings before interest, taxes, depreciation, and amortization. Additionally, the company’s return on capital employed (ROCE) stands at 8.02%, which is relatively low compared to industry expectations.<BR><BR>In comparison to its peers, INNOVATE Corp. shows a stark contrast; for instance, Bowman Consulting Group Ltd. has a much higher P/E ratio of 81.27, indicating a more favorable valuation, while Matrix Service Co. is also categorized as risky with a P/E of -19.31. The company's recent stock performance has been underwhelming, with a year-to-date return of -5.06% compared to the S&P 500's 12.22%, and a staggering decline of -81.15% over the past five years, further reinforcing the notion of overvaluation.

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Is INNOVATE Corp. technically bullish or bearish?

20-Sep-2025

As of September 8, 2025, INNOVATE Corp. is in a mildly bearish trend, indicated by a bearish daily moving average and monthly RSI, with year-to-date returns of -5.06% and underperformance compared to the S&P 500 over three and five years.

As of 8 September 2025, the technical trend for INNOVATE Corp. has changed from sideways to mildly bearish. The current stance is bearish, with key indicators driving this conclusion including a bearish daily moving average and bearish signals from both the weekly and monthly Bollinger Bands. The monthly RSI is also bearish, while the weekly MACD and KST show mildly bullish readings, indicating some divergence in the shorter time frame. <BR><BR>In terms of multi-period returns, the stock has underperformed the S&P 500 year-to-date and over the last three and five years, with returns of -5.06%, -66.26%, and -81.15% respectively, compared to the S&P 500's 12.22%, 70.41%, and 96.61%.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard
1

With a Negative Book Value, the company has a Weak Long Term Fundamental Strength

  • Low ability to service debt as the company has a high Debt to EBITDA ratio of 11.77 times
  • The company has reported losses and also has negative networth. This is not a good sign for the investors. Either company will have to raise fresh capital or report profits to sustain going forward
2

The company has declared Negative results for the last 3 consecutive quarters

3

Risky - Negative Book Value

4

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Construction

stock-summary
Market cap

USD 79 Million (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-2.98

stock-summary
Return on Equity

36.06%

stock-summary
Price to Book

-0.38

Revenue and Profits:
Net Sales:
242 Million
(Quarterly Results - Jun 2025)
Net Profit:
-21 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-12.27%
0%
-12.27%
6 Months
-13.37%
0%
-13.37%
1 Year
-18.18%
0%
-18.18%
2 Years
-53.82%
0%
-53.82%
3 Years
-65.53%
0%
-65.53%
4 Years
-87.12%
0%
-87.12%
5 Years
-85.85%
0%
-85.85%

INNOVATE Corp. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News

Is INNOVATE Corp. technically bullish or bearish?

As of 8 September 2025, the technical trend for INNOVATE Corp. has changed from sideways to mildly bearish. The current stance is bearish, with key indicators driving this conclusion including a bearish daily moving average and bearish signals from both the weekly and monthly Bollinger Bands. The monthly RSI is also bearish, while the weekly MACD and KST show mildly bullish readings, indicating some divergence in the shorter time frame. In terms of multi-period returns, the stock has underperformed the S&P 500 year-to-date and over the last three and five years, with returns of -5.06%, -66.26%, and -81.15% respectively, compared to the S&P 500's 12.22%, 70.41%, and 96.61%....

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Is INNOVATE Corp. overvalued or undervalued?

As of 5 November 2019, the valuation grade for INNOVATE Corp. has moved from attractive to risky, indicating a significant deterioration in its investment appeal. The company appears to be overvalued given its negative price-to-book value of -0.45 and a high EV to EBITDA ratio of 10.57, which suggests that investors are paying a premium relative to earnings before interest, taxes, depreciation, and amortization. Additionally, the company’s return on capital employed (ROCE) stands at 8.02%, which is relatively low compared to industry expectations. In comparison to its peers, INNOVATE Corp. shows a stark contrast; for instance, Bowman Consulting Group Ltd. has a much higher P/E ratio of 81.27, indicating a more favorable valuation, while Matrix Service Co. is also categorized as risky with a P/E of -19.31. The company's recent stock performance has been underwhelming, with a year-to-date return of -5.06% co...

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Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
-11.16%
EBIT Growth (5y)
20.20%
EBIT to Interest (avg)
0.30
Debt to EBITDA (avg)
11.77
Net Debt to Equity (avg)
-3.42
Sales to Capital Employed (avg)
2.37
Tax Ratio
28.61%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
29.75%
ROCE (avg)
4.00%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
-0.45
EV to EBIT
19.94
EV to EBITDA
10.57
EV to Capital Employed
1.60
EV to Sales
0.68
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
8.02%
ROE (Latest)
Negative BV
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Mildly Bullish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Jun 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 17 Schemes (7.06%)

Foreign Institutions

Held by 19 Foreign Institutions (1.05%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is -11.74% vs 15.89% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2025 is 18.60% vs -49.13% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "242.00",
          "val2": "274.20",
          "chgp": "-11.74%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "15.00",
          "val2": "12.30",
          "chgp": "21.95%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "21.40",
          "val2": "20.20",
          "chgp": "5.94%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-1.50",
          "val2": "-1.10",
          "chgp": "-36.36%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-21.00",
          "val2": "-25.80",
          "chgp": "18.60%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "31.40%",
          "val2": "16.00%",
          "chgp": "1.54%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is -22.20% vs -13.09% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is -2.06% vs 7.38% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,107.10",
          "val2": "1,423.00",
          "chgp": "-22.20%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "70.20",
          "val2": "70.00",
          "chgp": "0.29%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "74.50",
          "val2": "68.20",
          "chgp": "9.24%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-6.60",
          "val2": "-6.80",
          "chgp": "2.94%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-39.70",
          "val2": "-38.90",
          "chgp": "-2.06%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "33.70%",
          "val2": "23.90%",
          "chgp": "0.98%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Jun'25 - QoQstock-summary
Jun'25
Mar'25
Change(%)
Net Sales
242.00
274.20
-11.74%
Operating Profit (PBDIT) excl Other Income
15.00
12.30
21.95%
Interest
21.40
20.20
5.94%
Exceptional Items
-1.50
-1.10
-36.36%
Consolidate Net Profit
-21.00
-25.80
18.60%
Operating Profit Margin (Excl OI)
31.40%
16.00%
1.54%
USD in Million.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Jun 2025 is -11.74% vs 15.89% in Mar 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Jun 2025 is 18.60% vs -49.13% in Mar 2025

All Quarterly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
1,107.10
1,423.00
-22.20%
Operating Profit (PBDIT) excl Other Income
70.20
70.00
0.29%
Interest
74.50
68.20
9.24%
Exceptional Items
-6.60
-6.80
2.94%
Consolidate Net Profit
-39.70
-38.90
-2.06%
Operating Profit Margin (Excl OI)
33.70%
23.90%
0.98%
USD in Million.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is -22.20% vs -13.09% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -2.06% vs 7.38% in Dec 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About INNOVATE Corp. stock-summary
stock-summary
INNOVATE Corp.
Construction
HC2 Holdings, Inc. is a diversified holding company. The Company operates through eight segments: Construction, Marine Services, Energy, Telecommunications, Insurance, Life Sciences, Broadcasting and Other. Its subsidiaries include DBM Global Inc., which provides an integrated structural and steel construction services; Global Marine Group, a provider of engineering and underwater services on submarine cables; American Natural Energy Corp., a compressed natural gas fueling company; PTGi-International Carrier Services Inc., a provider of Internet-based protocol and time-division multiplexing access for the transport of long-distance voice minutes; Continental Insurance Group Ltd., a platform for its run-off long-term care and life and annuity business; Pansend Life Sciences, LLC, focused on supporting healthcare and biotechnology product development, and HC2 Broadcasting Holdings Inc., which is a strategic acquirer and operator of Over-The-Air broadcasting stations.
Company Coordinates stock-summary
Company Details
450 PARK AVENUE, 29TH FLOOR , NEW YORK NY : 10022
stock-summary
Tel: 1 212 2352690
stock-summary
http://hc2.com/
stock-summary
Registrar Details
Stock List
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InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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