Alger Russell Innovation ETF
Alger Russell Innovation ETF Fundamental Analysis
Alger Russell Innovation ETF (INVN) shows weak financial fundamentals with a PE ratio of -78.46, profit margin of -5.07%, and ROE of -5.75%. The company generates $0.0B in annual revenue with N/A year-over-year growth of N/A.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 22.1/100 based on profitability, valuation, growth, and balance sheet metrics. The F grade reflects weak fundamentals and significant financial concerns.
Fundamental Health Score
We analyze INVN's fundamental strength across five key dimensions:
Efficiency Score
WeakINVN struggles to generate sufficient returns from assets.
Valuation Score
ExcellentINVN trades at attractive valuation levels.
Growth Score
ModerateINVN shows steady but slowing expansion.
Financial Health Score
ExcellentINVN maintains a strong and stable balance sheet.
Profitability Score
WeakINVN struggles to sustain strong margins.
Key Financial Metrics
Is INVN Expensive or Cheap?
P/E Ratio
INVN trades at -78.46 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, INVN's PEG of -0.78 indicates potential undervaluation.
Price to Book
The market values Alger Russell Innovation ETF at 4.39 times its book value. This suggests the stock is fully valued or overvalued on an asset basis.
EV/EBITDA
Enterprise value stands at -4.01 times EBITDA. This is generally considered low.
How Well Does INVN Make Money?
Net Profit Margin
For every $100 in sales, Alger Russell Innovation ETF keeps $-5.07 as profit after all expenses.
Operating Margin
Core operations generate 0.69 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $-5.75 in profit for every $100 of shareholder equity.
ROA
Alger Russell Innovation ETF generates $-3.41 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Alger Russell Innovation ETF produces operating cash flow of $544.20K, showing steady but balanced cash generation.
Free Cash Flow
Alger Russell Innovation ETF generates strong free cash flow of $493.27K, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $0.82 in free cash annually.
FCF Yield
INVN converts 6.90% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
-78.46
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
-0.78
vs 25 benchmark
P/B Ratio
Price to book value ratio
4.39
vs 25 benchmark
P/S Ratio
Price to sales ratio
0.03
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.40
vs 25 benchmark
Current Ratio
Current assets to current liabilities
6.08
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
-0.06
vs 25 benchmark
ROA
Return on assets percentage
-0.03
vs 25 benchmark
ROCE
Return on capital employed
0.005
vs 25 benchmark
How INVN Stacks Against Its Sector Peers
| Metric | INVN Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | -78.46 | 25.20 | Better (Cheaper) |
| ROE | -5.75% | -34.00% (disorted) | Distorted |
| Net Margin | -5.07% | -51269.00% (disorted) | Weak |
| Debt/Equity | 0.40 | 1.01 | Strong (Low Leverage) |
| Current Ratio | 6.08 | 38.09 | Strong Liquidity |
| ROA | -3.41% | -282.00% (disorted) | Weak |
INVN outperforms its industry in 3 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Alger Russell Innovation ETF's 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
N/A
Industry Style: Blend, Diversified, Stable
EPS CAGR
N/A
Industry Style: Blend, Diversified, Stable
FCF CAGR
N/A
Industry Style: Blend, Diversified, Stable