HCHC Share Price | INNOVATE Corp. Stock Analysis & Recommendation

Q: What does INNOVATE Corp. do?

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

Q: 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% 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.

Q: 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%.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

2.08 k

Shareholding (Sep 2025)

FII

1.05%

Held by 20 FIIs

DII

93.33%

Held by 6 DIIs

Promoter

0.00%

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.

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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.

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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.

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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.

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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.

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Compare INNOVATE Corp. with Similar Stocks

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Score

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Strong Sell

Sell

Hold

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Strong Buy

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Dashboard

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

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

Risky - Negative Book Value

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Stock DNA

Industry

Construction

Market cap

USD 78 Million (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

-2.88

Return on Equity

29.93%

Price to Book

-0.35

Revenue and Profits:

Net Sales:

347 Million

(Quarterly Results - Sep 2025)

Net Profit:

-10 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-9.54%

6 Months

-6.51%

1 Year

-59.53%

2 Years

-46.52%

3 Years

-82.46%

4 Years

-85.89%

5 Years

-86.25%

INNOVATE Corp. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

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)

2.35

Tax Ratio

28.61%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

28.29%

ROCE (avg)

4.00%

ROE (avg)

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

Dividend Yield

ROCE (Latest)

8.02%

ROE (Latest)

Negative BV

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bearish

Bollinger Bands

Mildly Bullish

Bearish

Moving Averages

Mildly Bearish (Daily)

KST

Bullish

Bearish

Dow Theory

No Trend

Mildly Bullish

OBV

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 16 Schemes (5.63%)

Foreign Institutions

Held by 20 Foreign Institutions (1.05%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is 54.29% vs 18.60% in Jun 2025",
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        "Jun'25",
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          "val1": "347.10",
          "val2": "242.00",
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          "val1": "14.60",
          "val2": "15.00",
          "chgp": "-2.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "23.40",
          "val2": "21.40",
          "chgp": "9.35%",
          "chgp_class": "negative"
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        {
          "field": "Exceptional Items",
          "val1": "-1.00",
          "val2": "-1.50",
          "chgp": "33.33%",
          "chgp_class": "positive"
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        {
          "field": "Consolidate Net Profit",
          "val1": "-9.60",
          "val2": "-21.00",
          "chgp": "54.29%",
          "chgp_class": "positive"
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        {
          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "31.40%",
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        "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": [
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          "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%",
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Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

347.10

242.00

43.43%

Operating Profit (PBDIT) excl Other Income

14.60

15.00

-2.67%

Interest

23.40

21.40

9.35%

Exceptional Items

-1.00

-1.50

33.33%

Consolidate Net Profit

-9.60

-21.00

54.29%

Operating Profit Margin (Excl OI)

20.50%

31.40%

-1.09%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is 43.43% vs -11.74% in Jun 2025

Consolidated Net Profit

QoQ Growth in quarter ended Sep 2025 is 54.29% vs 18.60% in Jun 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

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.

Compare with Peers

Net Sales

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

Consolidated Net Profit

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

All Annual Results

Company CV

About INNOVATE Corp.

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

Company Details

450 PARK AVENUE, 29TH FLOOR , NEW YORK NY : 10022

Tel: 1 212 2352690

http://hc2.com/

Registrar Details

INNOVATE Corp.

1Day

52 Week

CASH

FII

DII

Promoter

How big is INNOVATE Corp.?

Watch in Real-Time

What does INNOVATE Corp. do?

Who are in the management team of INNOVATE Corp.?

Is INNOVATE Corp. overvalued or undervalued?

Is INNOVATE Corp. technically bullish or bearish?

Compare INNOVATE Corp. with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

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

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

Risky - Negative Book Value

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

News

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQ

Annual Results Snapshot (Consolidated) - Dec'24

About INNOVATE Corp.

Company Coordinates