InnovAge Holding Corp.
Find Ratings ReportsINNOVAGE HOLD CORP's gross profit margin for the second quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. INNOVAGE HOLD CORP has average liquidity. Currently, the Quick Ratio is 1.16 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 8.42% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
Income Statement | Q2 FY24 | Q2 FY23 |
---|---|---|
Net Sales ($mil) | 188.9 | 167.46 |
EBITDA ($mil) | 5.23 | -5.24 |
EBIT ($mil) | 0.94 | -8.9 |
Net Income ($mil) | -3.45 | -9.79 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 98.79 | 144.9 |
Total Assets ($mil) | 534.26 | 546.12 |
Total Debt ($mil) | 112.45 | 106.69 |
Equity ($mil) | 285.5 | 311.78 |
Profitability | Q2 FY24 | Q2 FY23 |
---|---|---|
Gross Profit Margin | 71.24 | 69.32 |
EBITDA Margin | 2.76 | -3.12 |
Operating Margin | 0.5 | -5.32 |
Sales Turnover | 1.35 | 1.26 |
Return on Assets | -5.9 | -7.03 |
Return on Equity | -11.05 | -12.32 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 1.27 | 1.88 |
Debt/Capital | 0.28 | 0.25 |
Interest Expense | 1.84 | 1.02 |
Interest Coverage | 0.51 | -8.7 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 135.89 | 135.6 |
Div / share | 0.0 | 0.0 |
EPS | -0.03 | -0.07 |
Book value / share | 2.1 | 2.3 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 27043.0 | 32165.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Conducting a second comparison, its price-to-book ratio of 2.04 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 3.19. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. After reviewing these and other key valuation criteria, INNOVAGE HOLD CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
INNV NM | Peers 21.06 | INNV 17875.00 | Peers 54.00 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. INNV's P/E is negative making this valuation measure meaningless. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. INNV is trading at a significant premium to its peers. |
|||||||||||||||||||||||
Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
INNV 107.25 | Peers 15.17 | INNV NA | Peers 0.67 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. INNV's ratio is negative making this valuation measure meaningless. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
|||||||||||||||||||||||
Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
INNV 2.04 | Peers 3.19 | INNV 10.72 | Peers 33.66 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. INNV is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, INNV is expected to significantly trail its peers on the basis of its earnings growth rate. |
|||||||||||||||||||||||
Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
INNV 0.81 | Peers 1.25 | INNV 4.63 | Peers 10.95 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. INNV is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. INNV significantly trails its peers on the basis of sales growth. |
|||||||||||||||||||||||