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Innovate (Innovate) Intrinsic Value: Projected FCF : $4.05 (As of May. 15, 2024)


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What is Innovate Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-15), Innovate's Intrinsic Value: Projected FCF is $4.05. The stock price of Innovate is $0.774. Therefore, Innovate's Price-to-Intrinsic-Value-Projected-FCF of today is 0.2.

The historical rank and industry rank for Innovate's Intrinsic Value: Projected FCF or its related term are showing as below:

VATE' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.11   Med: 0.35   Max: 12.41
Current: 0.19

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Innovate was 12.41. The lowest was 0.11. And the median was 0.35.

VATE's Price-to-Projected-FCF is ranked better than
95.2% of 1146 companies
in the Construction industry
Industry Median: 0.925 vs VATE: 0.19

Innovate Intrinsic Value: Projected FCF Historical Data

The historical data trend for Innovate's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Innovate Intrinsic Value: Projected FCF Chart

Innovate Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.85 17.34 7.25 5.42 4.25

Innovate Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.17 2.78 3.50 4.25 4.05

Competitive Comparison of Innovate's Intrinsic Value: Projected FCF

For the Engineering & Construction subindustry, Innovate's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Innovate's Price-to-Projected-FCF Distribution in the Construction Industry

For the Construction industry and Industrials sector, Innovate's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Innovate's Price-to-Projected-FCF falls into.



Innovate Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Innovate's Free Cash Flow(6 year avg) = $57.73.

Innovate's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)/0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*57.728+-184.4/0.8)/78.700
=4.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Innovate  (NYSE:VATE) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Innovate's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.774/4.054521689096
=0.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Innovate Intrinsic Value: Projected FCF Related Terms

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Innovate (Innovate) Business Description

Industry
Traded in Other Exchanges
Address
295 Madison Avenue, 12th Floor, New York, NY, USA, 10017
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.
Executives
Wayne Jr Barr director ANACOMP INC, 15378 AVENUE OF SCIENCE, SAN DIEGO CA 92128
Michael J. Sena officer: Chief Financial Officer 450 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10022
Brian Steven Goldstein director 295 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10017
Amy Marie Wilkinson director 295 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10017
Shelly Lombard director 44 MORSE AVENUE, BLOOMFIELD NJ 07003
Avram A Glazer director C/O WOODS OVIATT GILMAN LLP, 700 CROSSROADS BUILDING, ROCHESTER NY 14614
Suzi R Herbst officer: Chief Administrative Officer C/O HC2 HOLDINGS, INC., 450 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10022
Joseph Anthony Ferraro officer: Chief Legal Officer & Corp Sec 56 EMILY ROAD, FAR HILLS FL 07931
Continental Ltc, Inc. 10 percent owner 11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Michael Gorzynski director, 10 percent owner 595 MADISON AVE, FLOOR 29, NEW YORK NY 10022
Continental General Insurance Co 10 percent owner 11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Continental Insurance Group, Ltd. 10 percent owner 11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Percy Rockdale Llc 10 percent owner 595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Mg Capital Management Ltd. 10 percent owner C/O CAMPBELLS LLP, FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Rio Royal Llc 10 percent owner 595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022