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0.52 (1y: -24%)
Market Cap 45.74 M P/E(ttm) 0.70
Enterprise Value 127.99 M P/B
NOVC- OTCPK (USA)
Novation Companies Inc
Not Rated
Top Ranked Predictable Companies
$0.52
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 2/10

vs
industry		 vs
history
Cash to Debt 0.19
NOVC's Cash to Debt is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 0.19 )
NOVC' s 10-Year Cash to Debt Range
Min: 0   Max: 0.21
Current: 0.19
0
0.21
Equity to Asset -0.028
NOVC's Equity to Asset is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: -0.028 )
NOVC' s 10-Year Equity to Asset Range
Min: -2.89   Max: 0.25
Current: -0.03
-2.89
0.25
Interest Coverage No Debt
NOVC's Interest Coverage is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: No Debt )
NOVC' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 2
Z-Score: -7.61
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry		 vs
history
Operating margin (%) -4.10
NOVC's Operating margin (%) is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: -4.10 )
NOVC' s 10-Year Operating margin (%) Range
Min: -1036.7   Max: 525.7
Current: -4.1
-1036.7
525.7
Net-margin (%) 31.2
NOVC's Net-margin (%) is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 31.2 )
NOVC' s 10-Year Net-margin (%) Range
Min: -1050.1   Max: 1029.8
Current: 31.2
-1050.1
1029.8
ROE (%) 34015.5
NOVC's ROE (%) is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 34015.5 )
NOVC' s 10-Year ROE (%) Range
Min: -7   Max: 34015.5
Current: 34015.5
-7
34015.5
ROA (%) 55.4
NOVC's ROA (%) is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 55.4 )
NOVC' s 10-Year ROA (%) Range
Min: -33.4   Max: 2606.1
Current: 55.4
-33.4
2606.1
Revenue Growth (%) -37.7
NOVC's Revenue Growth (%) is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: -37.7 )
NOVC' s 10-Year Revenue Growth (%) Range
Min: -38.3   Max: 115.1
Current: -37.7
-38.3
115.1
EBITDA Growth (%) -77.5
NOVC's EBITDA Growth (%) is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: -77.5 )
NOVC' s 10-Year EBITDA Growth (%) Range
Min: -77.5   Max: 88.1
Current: -77.5
-77.5
88.1
» NOVC's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

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Ratios

vs
industry		 vs
history
P/E(ttm) 0.70
NOVC's P/E(ttm) is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 0.70 )
NOVC' s 10-Year P/E(ttm) Range
Min: 0.01   Max: 15.98
Current: 0.7
0.01
15.98
P/S 0.25
NOVC's P/S is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 0.25 )
NOVC' s 10-Year P/S Range
Min: 0.01   Max: 4.31
Current: 0.25
0.01
4.31
PFCF 10.40
NOVC's PFCF is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 10.40 )
NOVC' s 10-Year PFCF Range
Min: 0.01   Max: 59.55
Current: 10.4
0.01
59.55
EV-to-EBIT -15.52
NOVC's EV-to-EBIT is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: -15.52 )
NOVC' s 10-Year EV-to-EBIT Range
Min: 9.7   Max: 136.9
Current: -15.52
9.7
136.9
Shiller P/E 2.1
NOVC's Shiller P/E is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 2.1 )
NOVC' s 10-Year Shiller P/E Range
Min: 0.45   Max: 48.19
Current: 2.1
0.45
48.19

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 8.6
NOVC's Price/Net Current Asset Value is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 8.6 )
NOVC' s 10-Year Price/Net Current Asset Value Range
Min: 4.4   Max: 10.3
Current: 8.6
4.4
10.3
Price/Median PS Value 0.2
NOVC's Price/Median PS Value is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 0.2 )
NOVC' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.9
Current: 0.2
0.2
1.9
Forward Rate of Return (Yacktman) 1375.96
NOVC's Forward Rate of Return (Yacktman) is ranked lower than
100% of the Companies
in the Global industry.

( Industry Median: vs. NOVC: 1375.96 )
NOVC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8852.9   Max: 73.8
Current: 1375.96
-8852.9
73.8

Business Description

NovaStar Financial was one the largest independent subprime mortgage originators. Subprime mortgages are made to borrowers who do not qualify for loans from traditional lenders due to lower credit scores. NovaStar was organized as a REIT and sold the majority of its loans into asset-backed securities, in which it retained a residual interest. Today, it is simply trying to survive off the cash flows of $3.6 billion in mortgages and related securities remaining on its balance sheet.
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