Event-Driven Stocks

Enviva, LLC

Materials · Lumber & Wood Products (No Furniture) · MD · SEC filings ↗ · Compare ⊕

Signs● 2 good● 4 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY23FY22FY21FY20FY19FY18
Revenue$275.1M$1.09B$1.04B$875.0M$683.6M$573.7M
Operating income−$52.4M−$95.5M−$97.3M−$60.4M−$86.2M$41.8M
Net income−$110.0M−$168.3M−$122.1M−$86.3M−$81.5M$7.0M
Total assets$2.54B$2.55B$1.92B$1.73B$994.8M$748.8M
Total liabilities$2.16B$2.26B$1.65B$1.32B$762.2M$602.1M
Equity$181.5M$334.5M$318.4M−$78.8M$357.3M$433.4M
EPS (diluted)$-1.65$-2.59$-4.76———
Shares out.67.6M66.6M40.0M33.6M26.6M—

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

Key ratios

from filings · FY2023
Operating margin
−19.1%
Net margin
−40.0%
Return on equity
−60.6%
Return on assets
−4.3%
Return on capital (ROCE)
−2.5%
Liabilities / assets
84.9%
Debt / equity
11.89×
Book value / share
$2.68
Revenue growth (YoY)
−74.9%
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 · FY2023
Altman Z″ (distress)
-0.64distress
Accruals / assets
−5.3%clean
Piotroski F-Score
4/9mixed

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
32
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 100Financial 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. What these scores mean →

Signs

● 2 severe● 4 warning● 2 good
  • 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)
  • Positive 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.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

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 (2)

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