Event-Driven Stocks

Covia Holdings Corp

Materials · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · DE · SEC filings ↗ · Compare ⊕

Signs3 good4 warningdetails ↓

Financials

SEC XBRL · annual
 FY19FY18FY17FY16
Revenue$428.2M$369.8M$1.30B$982.7M
Operating income−$29.0M$57.1M$162.7M$24.5M
Net income−$52.2M$45.5M$154.2M$3.7M
Total assets$2.45B$3.76B$2.04B
Total liabilities$2.27B$2.30B$814.8M
Equity$176.5M$1.45B$1.23B$1.07B
EPS (diluted)$-0.40$0.38$1.29$0.03
Shares out.131.4M131.2M119.6M119.6M

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

Key ratios

from filings · FY2019
Operating margin
−6.8%
Net margin
−12.2%
Return on equity
−29.6%
Return on assets
−2.1%
Return on capital (ROCE)
−1.4%
Liabilities / assets
92.8%
Debt / equity
12.86×
Book value / share
$1.34
Revenue growth (YoY)
15.8%
Net income growth (YoY)
−214.7%

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 · FY2019
Altman Z″ (distress)
1.45grey zone
Accruals / assets
6.4%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
47
/ 100
Profitability 0Growth 50Catalyst 33Earnings quality 100Financial strength 50

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

4 warning3 good
  • Operating losses (negative operating margin)
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Altman Z″ in the grey zone
  • Revenue is growing year-over-year
  • 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.

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)

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