Invesco High Income 2024 Target Term Fund (IHTA)

Industry: Asset Management Sector: Financial Services Currency Used: US Live Price: $7.54

Enterprise Value

Metric	MRQ	MRQ-1	2024	2023	2022	2021	2020	2019
Stock Price	7.50	7.56	7.53	7.59	8.82	9.64	9.05	9.96
Market Capitalization	65.90M	66.43M	66.16M	66.64M	77.48M	84.61M	79.40M	88.04M
(-) Cash & Equivalents	52.00M	6.30M	29.15M	0.12M	0.30M	0.20M	0.31M	0.05M
(+) Total Debt	8.68M	27.03M	17.86M	27.00M	27.00M	27.00M	28.00M	29.00M
Enterprise Value	22.58M	87.16M	54.87M	93.53M	104.18M	111.41M	107.09M	116.98M

Income Statement

Metric	TTM	TTM-1	2024-02-29	2023-02-28	2022-02-28	2021-02-28	2020-02-29	2019-02-28	2018-02-28
Revenue	-4M	12M	0M	-6M	3M	-4M	11M	8M	0M
Cost of Revenue	4M	3M	3M	2M	1M	1M	2M	2M	0M
Gross Profit	-8M	9M	-2M	-7M	2M	-5M	9M	6M	-1M
Gross Profit Margin	198.1%	78.0%	-1,123.0%	131.9%	58.5%	131.4%	82.8%	76.0%	195.0%
R&D Expenses	0M	0M	0M	0M	0M	0M	0M	0M	0M
SG&A Expenses	14M	0M	0M	0M	0M	0M	0M	0M	0M
Operating Expenses	22M	6M	0M	0M	0M	0M	0M	0M	0M
Operating Income (EBIT)	-30M	3M	-3M	-8M	2M	-5M	9M	6M	-1M
Operating Income Margin	741.0%	26.4%	-1,223.0%	136.6%	50.6%	136.7%	80.5%	73.0%	230.5%
Interest Income	0M	18M	6M	6M	6M	6M	6M	7M	1M
Interest Expense	0M	0M	2M	1M	0M	0M	1M	1M	0M
Net Interest Income	0M	18M	4M	5M	5M	5M	5M	6M	1M
Unusual Items	29M	-21M	-1M	-3M	-4M	-4M	-3M	-4M	-1M
EBT Excluding Unusual Items	-30M	21M	1M	-3M	7M	0M	14M	12M	0M
Pre-Tax Income	-1M	0M	0M	-6M	3M	-4M	11M	8M	0M
Pre-Tax Margin	20.8%	0.0%	-62.5%	104.7%	92.1%	105.4%	97.7%	97.0%	135.5%
Income Tax Expense	0M	0M	0M	0M	0M	0M	0M	0M	0M
Net Income	26M	35M	0M	-6M	3M	-4M	11M	8M	0M
Net Income Margin	-628.3%	299.2%	-62.5%	104.7%	92.1%	105.4%	97.7%	97.0%	135.5%
Depreciation & Amortization	-3M	13M	0M	0M	0M	0M	0M	0M	0M
EBITDA	-33M	16M	-3M	-8M	2M	-5M	9M	6M	-1M
EBITDA Margin	803.4%	138.7%	-1,223.0%	132.6%	58.5%	131.5%	82.0%	75.0%	214.6%
NOPAT	-24M	0M	-2M	-6M	2M	-4M	9M	6M	-1M
NOPAT Margin	585.4%	0.0%	-966.2%	107.9%	50.6%	108.0%	80.5%	74.5%	182.1%
Owner's Earnings	23M	48M	0M	-6M	3M	-4M	11M	8M	0M
Owner's Earnings Margin	-565.9%	411.6%	-62.5%	100.7%	100.0%	100.2%	99.2%	99.0%	119.5%
EPS (Basic)	17,572,780.90	17,568,163.00	-0.01	-0.68	0.31	-0.48	1.28	0.89	-0.05
EPS (Diluted)	2.90	4.00	-0.01	-0.68	0.31	-0.48	1.28	0.89	-0.05
Shares (Basic)	9M	9M	9M	9M	9M	9M	9M	9M	9M
Shares (Diluted)	9M	9M	9M	9M	9M	9M	9M	9M	9M

Balance Sheet

Metric	MRQ	MRQ-1	2024-02-29	2023-02-28	2022-02-28	2021-02-28	2020-02-29	2019-02-28	2018-02-28
Cash & Cash Equivalents	52.00M	6.30M	6.30M	0.05M	0.35M	0.07M	0.29M	1.85M	4.50M
Short-Term Investments	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-3.22M
Cash & Short-Term Investments	52.00M	6.30M	6.30M	0.05M	0.35M	0.07M	0.29M	1.85M	1.28M
Net Receivables	0.57M	6.03M	6.03M	0.64M	0.53M	0.54M	0.58M	0.63M	1.76M
Inventory	0.00M	0.00M	0.00M	5.81M	8.39M	6.65M	2.78M	0.59M	2.38M
Other Current Assets	-52.57M	-12.33M	-12.33M	-5.81M	-8.39M	-6.65M	-2.78M	-2.44M	-4.95M
Total Current Assets	0.00M	0.00M	0.00M	0.69M	0.88M	0.61M	0.87M	0.63M	0.47M
Property, Plant & Equipment	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Goodwill	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Intangible Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Long-Term Investments	0.00M	85.57M	85.57M	99.96M	109.60M	111.39M	122.95M	116.86M	114.82M
Tax Assets	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Assets	0.00M	-85.57M	-85.57M	-99.96M	-109.60M	-111.39M	-122.95M	-116.86M	1.28M
Other Assets	76.47M	97.92M	97.92M	1.59M	1.15M	1.40M	0.40M	0.67M	0.07M
Total Non-Current Assets	76.47M	97.92M	97.92M	1.59M	1.15M	1.40M	0.40M	0.67M	116.17M
Total Assets	76.47M	97.92M	97.92M	2.28M	2.03M	2.01M	1.27M	1.30M	116.65M
Accounts Payable	0.00M	0.40M	0.40M	0.01M	0.01M	0.01M	0.02M	0.02M	0.00M
Short-Term Debt	8.68M	23.93M	23.93M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Tax Payables	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Revenue	0.00M	23.53M	23.53M	0.00M	0.00M	0.00M	0.00M	-0.06M	-1.28M
Other Current Liabilities	-8.68M	-27.07M	-51.00M	-0.01M	-0.08M	-0.02M	-0.14M	-0.02M	0.00M
Total Current Liabilities	0.00M	20.78M	-3.14M	0.00M	-0.07M	-0.01M	-0.12M	-0.06M	-1.28M
Long-Term Debt	0.00M	3.11M	3.11M	0.00M	0.00M	0.00M	0.00M	29.00M	29.00M
Capital Lease Obligations	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Tax Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Non-Current Liabilities	0.00M	-3.11M	-3.11M	0.00M	0.00M	0.00M	0.00M	-29.00M	-29.00M
Total Non-Current Liabilities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Liabilities	0.00M	20.78M	-3.14M	0.00M	-0.07M	-0.01M	-0.12M	-0.06M	-1.28M
Preferred Stock	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	1.31M
Common Stock	85.86M	85.86M	85.86M	85.99M	86.11M	86.11M	86.11M	86.15M	86.15M
Retained Earnings	-18.44M	-15.97M	-15.97M	-12.49M	-2.92M	-1.22M	7.94M	1.62M	0.05M
Accumulated OCI	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	-1.31M
Minority Interest	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Total Shareholders’ Equity	67.42M	69.89M	69.89M	73.50M	83.19M	84.88M	94.05M	87.76M	86.19M
Total Equity	67.42M	69.89M	69.89M	73.50M	83.19M	84.88M	94.05M	87.76M	86.19M
Total Liabilities & Equity	67.42M	90.67M	66.75M	73.50M	83.12M	84.88M	93.93M	87.71M	84.92M
Tangible Assets	76.47M	97.92M	97.92M	2.28M	2.03M	2.01M	1.27M	1.30M	116.65M
Tangible Equity	67.42M	69.89M	69.89M	73.50M	83.19M	84.88M	94.05M	87.76M	86.19M
Tangible Book Value	67.42M	69.89M	69.89M	73.50M	83.19M	84.88M	94.05M	87.76M	86.19M
Total Investments	0.00M	85.57M	85.57M	99.96M	109.60M	111.39M	122.95M	116.86M	116.10M
Net Debt	-43.32M	20.74M	20.74M	-0.05M	-0.35M	-0.07M	-0.29M	27.15M	24.50M

Capital Metrics

Metric	MRQ	MRQ-1	2024-02-29	2023-02-28	2022-02-28	2021-02-28	2020-02-29	2019-02-28	2018-02-28
Working Capital	0.0M	-23.9M	0.0M	0.5M	0.9M	0.6M	0.9M	0.6M	0.5M
Total Capital	76.1M	96.9M	96.9M	100.5M	110.2M	111.9M	123.1M	116.8M	113.9M
Capital Employed	76.5M	74.0M	97.9M	102.1M	111.6M	113.4M	124.2M	118.1M	116.6M
Invested Capital	24.1M	90.6M	90.6M	100.4M	109.8M	111.8M	122.8M	114.9M	109.4M

Cash Flow Statement

Metric	TTM	TTM-1	2024-02-29	2023-02-28	2022-02-28	2021-02-28	2020-02-29	2019-02-28	2018-02-28
Net Income	-3.38M	13.19M	-0.13M	-5.95M	2.76M	-4.17M	11.20M	7.83M	-0.45M
Depreciation & Amortization	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Deferred Income Tax	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Stock-Based Compensation	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Change in Working Capital	-0.79M	-0.33M	1.43M	0.08M	-0.03M	0.10M	0.29M	-0.82M	-0.34M
Accounts Receivable	-3.48M	-0.01M	-0.52M	0.02M	0.00M	0.06M	0.03M	-0.11M	-0.55M
Inventory	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Accounts Payable	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Working Capital	2.53M	-0.32M	1.94M	0.07M	-0.03M	0.04M	0.27M	-0.71M	0.20M
Other Non-Cash Items	11.71M	0.10M	4.43M	7.37M	3.22M	16.01M	-6.17M	-3.51M	-110.32M
Net Cash from Operating Activities	7.43M	12.96M	5.72M	1.50M	5.94M	11.93M	5.32M	3.50M	-111.11M
Capital Expenditures (PPE)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Acquisitions (Net)	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Purchases of Investments	-4.88M	-8.47M	0.00M	-7.55M	-2.69M	-3.14M	-10.97M	-7.62M	-114.58M
Sales / Maturities of Investments	67.27M	5.68M	0.00M	3.31M	2.70M	9.85M	11.80M	5.32M	3.18M
Other Investing Activities	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Cash from Investing Activities	62.39M	-2.79M	0.00M	-4.25M	0.02M	6.71M	0.84M	-2.30M	-111.40M
Net Debt Issuance	0.00M	0.00M	-3.11M	0.00M	0.00M	-2.00M	0.00M	-1.20M	29.00M
Long-Term Debt Issuance	0.00M	0.00M	-3.11M	0.00M	0.00M	-2.00M	0.00M	-1.20M	29.00M
Short-Term Debt Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Common Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	86.15M
Common Stock Repurchased	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Preferred Stock Issuance	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Net Dividends Paid	-6.84M	-9.01M	-3.48M	-3.74M	-4.45M	-5.00M	-4.90M	-4.94M	-0.82M
Common Dividends Paid	-6.84M	-9.01M	-3.48M	-3.74M	-4.45M	-5.00M	-4.90M	-4.94M	-0.82M
Preferred Dividends Paid	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Other Financing Activities	-18.32M	0.00M	0.03M	0.00M	0.00M	0.00M	-0.08M	0.00M	87.43M
Net Cash from Financing Activities	-25.16M	-9.01M	-6.55M	-3.74M	-4.45M	-7.00M	-4.98M	-6.14M	115.61M
Effect of FX on Cash	-0.13M	-0.31M	0.00M	4.25M	-0.02M	-6.71M	-0.84M	2.30M	0.00M
Net Change in Cash	46.37M	0.08M	-0.83M	-2.24M	1.49M	4.94M	0.34M	-2.65M	-106.89M
Cash at Beginning of Period	22.58M	23.77M	6.77M	9.01M	7.51M	2.58M	1.85M	4.50M	111.40M
Cash at End of Period	68.95M	23.85M	5.94M	6.77M	9.01M	7.51M	2.20M	1.85M	4.50M
Operating Cash Flow	7.43M	12.96M	5.72M	1.50M	5.94M	11.93M	5.32M	3.50M	-111.11M
Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Free Cash Flow	7.43M	12.96M	5.72M	1.50M	5.94M	11.93M	5.32M	3.50M	-111.11M

Free Cash Flow

Metric	TTM	TTM-1	2024-02-29	2023-02-28	2022-02-28	2021-02-28	2020-02-29	2019-02-28	2018-02-28
EBITDA	-24.17M	22.35M	-2.66M	-7.53M	1.85M	-5.17M	9.45M	6.07M	-0.71M
(-) Tax Adjustment	0.00M	7.82M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
(-) Change In Working Capital	-0.79M	-0.33M	1.43M	0.08M	-0.03M	0.10M	0.29M	-0.82M	-0.34M
(-) Capital Expenditure	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M	0.00M
Unlevered Free Cash Flow	-23.37M	14.85M	-4.09M	-7.61M	1.88M	-5.27M	9.15M	6.89M	-0.37M
(-) Net Interest Income After Taxes	0.00M	11.65M	3.85M	4.53M	5.16M	5.21M	5.14M	5.88M	0.97M
Net Debt Issuance	0.00M	0.00M	-3.11M	0.00M	0.00M	-2.00M	0.00M	-1.20M	29.00M
Levered Free Cash Flow	-23.37M	3.20M	-11.05M	-12.14M	-3.28M	-12.48M	4.01M	-0.19M	27.67M