Innovate Ev To Free Cash Flow vs Free Cash Flow Yield Analysis

VATE Stock

USD 5.92 0.07 1.17%

Innovate Corp financial indicator trend analysis is infinitely more than just investigating Innovate Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Innovate Corp is a good investment. Please check the relationship between Innovate Corp Ev To Free Cash Flow and its Free Cash Flow Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.

Ev To Free Cash Flow vs Free Cash Flow Yield

Ev To Free Cash Flow vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Innovate Corp Ev To Free Cash Flow account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Innovate Corp's Ev To Free Cash Flow and Free Cash Flow Yield is -0.02. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Innovate Corp, assuming nothing else is changed. The correlation between historical values of Innovate Corp's Ev To Free Cash Flow and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of Innovate Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Ev To Free Cash Flow i.e., Innovate Corp's Ev To Free Cash Flow and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.02

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Innovate Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Innovate Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.At present, Innovate Corp's Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.2 B, whereas Issuance Of Capital Stock is forecasted to decline to 0.00.

	2021	2022	2023	2024 (projected)
Interest Expense	59.1M	52M	68.2M	42.0M
Depreciation And Amortization	37.6M	42.2M	36M	38.8M

Interest Expense Depreciation And Amortization

Innovate Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Inventory
Total Assets		0.59	0.54	0.51	0.68	0.5	-0.14	0.35	0.1	0.22	0.93	0.81	0.93	0.98	0.77	0.58	0.43	1.0	0.51	0.47	1.0	0.99	0.1	0.53	0.26	-0.3
Short Long Term Debt Total	0.59		0.11	0.95	-0.04	0.65	-0.08	0.93	-0.64	0.85	0.59	0.84	0.57	0.46	0.63	0.26	0.85	0.57	0.13	0.88	0.62	0.52	-0.08	0.83	0.29	-0.05
Other Current Liab	0.54	0.11		0.02	0.69	0.09	-0.25	0.0	0.05	-0.11	0.41	0.24	0.43	0.6	0.05	0.0	0.14	0.54	0.87	0.31	0.52	0.57	0.28	0.01	0.01	-0.22
Total Current Liabilities	0.51	0.95	0.02		-0.08	0.63	-0.08	0.94	-0.62	0.9	0.46	0.77	0.5	0.38	0.65	0.31	0.78	0.48	-0.02	0.82	0.53	0.44	0.0	0.77	0.32	-0.01
Total Stockholder Equity	0.68	-0.04	0.69	-0.08		-0.06	-0.06	-0.21	0.52	-0.29	0.53	0.21	0.65	0.8	0.2	0.23	-0.08	0.68	0.75	0.01	0.65	0.75	-0.01	0.08	0.05	-0.17
Property Plant And Equipment Net	0.5	0.65	0.09	0.63	-0.06		-0.48	0.59	-0.15	0.47	0.59	0.83	0.51	0.37	0.77	0.72	0.23	0.5	-0.18	0.33	0.52	0.44	0.25	0.34	-0.09	-0.43
Current Deferred Revenue	-0.14	-0.08	-0.25	-0.08	-0.06	-0.48		-0.1	-0.06	-0.05	-0.03	-0.29	-0.19	-0.11	-0.24	-0.44	0.2	-0.13	0.03	0.03	-0.14	-0.12	0.1	0.04	0.16	0.15
Net Debt	0.35	0.93	0.0	0.94	-0.21	0.59	-0.1		-0.76	0.92	0.33	0.7	0.36	0.21	0.45	0.1	0.81	0.33	0.01	0.87	0.38	0.28	-0.12	0.79	0.3	-0.1
Retained Earnings	0.1	-0.64	0.05	-0.62	0.52	-0.15	-0.06	-0.76		-0.74	0.12	-0.22	0.17	0.22	0.05	0.4	-0.81	0.12	-0.01	-0.79	0.07	0.18	0.14	-0.51	-0.29	-0.2
Accounts Payable	0.22	0.85	-0.11	0.9	-0.29	0.47	-0.05	0.92	-0.74		0.23	0.59	0.31	0.09	0.39	0.03	0.75	0.19	-0.09	0.8	0.25	0.15	-0.11	0.71	0.38	0.05
Cash	0.93	0.59	0.41	0.46	0.53	0.59	-0.03	0.33	0.12	0.23		0.83	0.88	0.89	0.78	0.57	0.4	0.94	0.39	0.39	0.94	0.91	0.15	0.48	0.25	-0.41
Non Current Assets Total	0.81	0.84	0.24	0.77	0.21	0.83	-0.29	0.7	-0.22	0.59	0.83		0.84	0.7	0.85	0.6	0.56	0.8	0.15	0.63	0.83	0.75	0.05	0.72	0.19	-0.43
Non Currrent Assets Other	0.93	0.57	0.43	0.5	0.65	0.51	-0.19	0.36	0.17	0.31	0.88	0.84		0.92	0.76	0.58	0.35	0.93	0.42	0.43	0.93	0.93	0.0	0.61	0.21	-0.36
Cash And Short Term Investments	0.98	0.46	0.6	0.38	0.8	0.37	-0.11	0.21	0.22	0.09	0.89	0.7	0.92		0.67	0.53	0.33	0.98	0.6	0.38	0.97	1.0	0.09	0.45	0.24	-0.27
Net Receivables	0.77	0.63	0.05	0.65	0.2	0.77	-0.24	0.45	0.05	0.39	0.78	0.85	0.76	0.67		0.87	0.3	0.77	-0.14	0.31	0.79	0.73	0.29	0.44	0.15	-0.26
Common Stock Shares Outstanding	0.58	0.26	0.0	0.31	0.23	0.72	-0.44	0.1	0.4	0.03	0.57	0.6	0.58	0.53	0.87		-0.16	0.59	-0.28	-0.11	0.59	0.57	0.33	0.05	-0.09	-0.26
Short Term Investments	0.43	0.85	0.14	0.78	-0.08	0.23	0.2	0.81	-0.81	0.75	0.4	0.56	0.35	0.33	0.3	-0.16		0.42	0.3	0.94	0.45	0.37	-0.18	0.8	0.51	0.07
Non Current Liabilities Total	1.0	0.57	0.54	0.48	0.68	0.5	-0.13	0.33	0.12	0.19	0.94	0.8	0.93	0.98	0.77	0.59	0.42		0.5	0.45	1.0	0.99	0.12	0.52	0.25	-0.31
Other Current Assets	0.51	0.13	0.87	-0.02	0.75	-0.18	0.03	0.01	-0.01	-0.09	0.39	0.15	0.42	0.6	-0.14	-0.28	0.3	0.5		0.39	0.49	0.55	-0.11	0.22	0.19	-0.13
Other Stockholder Equity	0.47	0.88	0.31	0.82	0.01	0.33	0.03	0.87	-0.79	0.8	0.39	0.63	0.43	0.38	0.31	-0.11	0.94	0.45	0.39		0.49	0.41	-0.12	0.82	0.42	0.01
Total Liab	1.0	0.62	0.52	0.53	0.65	0.52	-0.14	0.38	0.07	0.25	0.94	0.83	0.93	0.97	0.79	0.59	0.45	1.0	0.49	0.49		0.99	0.11	0.55	0.26	-0.3
Total Current Assets	0.99	0.52	0.57	0.44	0.75	0.44	-0.12	0.28	0.18	0.15	0.91	0.75	0.93	1.0	0.73	0.57	0.37	0.99	0.55	0.41	0.99		0.11	0.48	0.25	-0.27
Short Term Debt	0.1	-0.08	0.28	0.0	-0.01	0.25	0.1	-0.12	0.14	-0.11	0.15	0.05	0.0	0.09	0.29	0.33	-0.18	0.12	-0.11	-0.12	0.11	0.11		-0.42	-0.26	-0.15
Intangible Assets	0.53	0.83	0.01	0.77	0.08	0.34	0.04	0.79	-0.51	0.71	0.48	0.72	0.61	0.45	0.44	0.05	0.8	0.52	0.22	0.82	0.55	0.48	-0.42		0.39	-0.12
Common Stock	0.26	0.29	0.01	0.32	0.05	-0.09	0.16	0.3	-0.29	0.38	0.25	0.19	0.21	0.24	0.15	-0.09	0.51	0.25	0.19	0.42	0.26	0.25	-0.26	0.39		-0.05
Inventory	-0.3	-0.05	-0.22	-0.01	-0.17	-0.43	0.15	-0.1	-0.2	0.05	-0.41	-0.43	-0.36	-0.27	-0.26	-0.26	0.07	-0.31	-0.13	0.01	-0.3	-0.27	-0.15	-0.12	-0.05

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Innovate Corp Account Relationship Matchups

Innovate Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.0B	6.7B	1.1B	1.2B	1.0B	1.7B
Short Long Term Debt Total	773.6M	561.5M	626.3M	714.4M	771.9M	578.1M
Other Current Liab	153.9M	5.8B	111.3M	68M	73M	69.4M
Total Current Liabilities	524M	251M	439.5M	417.2M	413.8M	314.2M
Total Stockholder Equity	349.8M	559.8M	(65.5M)	(103.7M)	(149.1M)	(141.6M)
Property Plant And Equipment Net	223.7M	113.9M	169.9M	165M	212.6M	168.5M
Current Deferred Revenue	171.6M	(53.7M)	79.1M	98.6M	153.5M	161.2M
Net Debt	544.8M	329.2M	580.8M	634M	691.1M	438.3M
Retained Earnings	(96.7M)	(188.7M)	(416.2M)	(452.1M)	(487.3M)	(511.7M)
Accounts Payable	134.6M	69.7M	179.2M	202.5M	142.9M	100.6M
Cash	228.8M	232.3M	45.5M	80.4M	80.8M	94.4M
Non Current Assets Total	909.2M	710.8M	638M	615.3M	525.7M	540.6M
Non Currrent Assets Other	188M	172.4M	73.3M	71.9M	3.3M	3.1M
Cash And Short Term Investments	4.3B	4.7B	45.5M	80.4M	80.8M	76.8M
Net Receivables	1.5B	221.3M	365.7M	420M	278.4M	357.6M
Common Stock Shares Outstanding	45.2M	5.0M	7.7M	7.8M	7.9M	7.5M
Short Term Investments	1.3B	3.4B	4.0B	4.5B	5.1B	5.4B
Liabilities And Stockholders Equity	7.0B	6.7B	1.1B	1.2B	1.0B	1.7B
Non Current Liabilities Total	6.0B	5.9B	629.2M	764.1M	766.1M	1.4B
Other Current Assets	300.7M	6.0B	14.4M	17.1M	136.3M	129.5M
Other Stockholder Equity	267.5M	341.1M	325.4M	324.8M	322.8M	278.4M
Total Liab	6.5B	6.1B	1.1B	1.2B	1.2B	1.7B
Total Current Assets	6.0B	6.0B	442.6M	536.4M	517.9M	492.0M
Accumulated Other Comprehensive Income	168.7M	396.9M	6.4M	5.9M	(1.1M)	(1.2M)
Short Term Debt	63.9M	53.7M	69.5M	47.7M	44M	41.8M
Intangible Assets	221.7M	174.6M	208.4M	190.1M	178.9M	137.0M
Inventory	22.6M	9.9M	17M	18.9M	22.4M	16.8M
Good Will	112.5M	111M	127.4M	127.1M	146.2M	87.3M
Other Liab	5.2B	5.2B	13.9M	26.5M	23.9M	22.7M
Net Tangible Assets	28.8M	274.2M	(420.1M)	(438.5M)	(394.7M)	(374.9M)
Other Assets	74.1M	65.5M	18M	19.1M	17.2M	16.3M
Long Term Debt	740.8M	507M	556.8M	683.8M	679.3M	690.8M
Capital Lease Obligations	34.6M	800K	58.5M	53.8M	62.1M	46.9M
Net Invested Capital	1.2B	1.1B	542M	593.1M	544.3M	613.0M
Long Term Investments	177.5M	134.5M	56M	48.2M	1.8M	1.7M
Property Plant And Equipment Gross	405.8M	113.9M	334.6M	349.3M	350.3M	263.4M
Non Current Liabilities Other	427M	315.8M	4.8M	17.4M	34.1M	32.4M
Net Working Capital	5.4B	5.7B	3.1M	120.7M	104.7M	99.5M

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When determining whether Innovate Corp is a strong investment it is important to analyze Innovate Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Innovate Corp's future performance. For an informed investment choice regarding Innovate Stock, refer to the following important reports:

How To Invest In Innovate

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Is Innovate Stock a good investment?

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What is Innovate Corp's Net Worth?

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Innovate Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Innovate Stock refer to our How to Trade Innovate Stock guide.

You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Innovate Corp. If investors know Innovate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Innovate Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(3.08)

Revenue Per Share

130.933

Quarterly Revenue Growth

(0.35)

Return On Assets

0.034

Return On Equity

(0.19)

The market value of Innovate Corp is measured differently than its book value, which is the value of Innovate that is recorded on the company's balance sheet. Investors also form their own opinion of Innovate Corp's value that differs from its market value or its book value, called intrinsic value, which is Innovate Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Innovate Corp's market value can be influenced by many factors that don't directly affect Innovate Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Innovate Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Innovate Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Innovate Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Innovate Ev To Free Cash Flow vs Free Cash Flow Yield Analysis

Ev To Free Cash Flow vs Free Cash Flow Yield

Ev To Free Cash Flow vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Ev To Free Cash Flow

Free Cash Flow Yield

Innovate Corp fundamental ratios Correlations

Innovate Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Innovate Corp fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Total Liab	+ 1.0	Non Current Liabilities Total
Total Current Assets	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Non Current Liabilities Total

Short Term Investments	- 0.81	Retained Earnings
Other Stockholder Equity	- 0.79	Retained Earnings
Retained Earnings	- 0.76	Net Debt
Accounts Payable	- 0.74	Retained Earnings
Retained Earnings	- 0.64	Short Long Term Debt Total
Retained Earnings	- 0.62	Total Current Liabilities