Event-Driven Stocks

NOVATION COMPANIES, INC.

Real Estate · Real Estate Agents & Managers (For Others) · MD · SEC filings ↗ · Compare ⊕

Signs● 1 good● 5 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY20FY19FY18FY17FY16FY15
Revenue$51.4M$63.5M$55.1M$28.0M$5.1M$6.1M
Operating income−$5.9M−$5.7M−$1.1M−$7.7M−$4.4M—
Net income−$9.2M−$10.2M$6.1M−$10.9M$5.2M−$28.7M
Total assets$12.2M$19.4M$31.1M$39.8M$42.6M$31.9M
Total liabilities$93.3M$91.5M$94.1M$97.7M$91.8M$94.5M
Equity−$81.1M−$72.1M−$63.0M−$57.9M−$49.2M−$62.6M
EPS (diluted)$-0.08$-0.10$0.06$-0.12$0.06$-0.32
Shares out.114.7M101.6M96.0M92.8M92.8M91.5M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2020
Operating margin
−11.4%
Net margin
−17.9%
Return on equity
11.3%
Return on assets
−75.3%
Return on capital (ROCE)
−63.6%
Liabilities / assets
766.0%
Debt / equity
—
Book value / share
$-0.71
Revenue growth (YoY)
−19.1%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2020
Altman Z″ (distress)
-223.74distress
Accruals / assets
−69.7%clean
Beneish M-Score
-5.79normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
29
/ 100
Profitability 20Growth 0Catalyst 33Earnings quality 67Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 5 warning● 1 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)