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INNEOVA Holdings

INEO
6
Auto - Parts · Consumer Cyclical
Price
$0.56
+0.01 (+2.35%)
Market Cap
$5.5M
Exchange
NASDAQ Global Market
Winston Score
6
Winston is worried
Weak fundamentals across most pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.
Data as of Sep 12, 2026 · filings through Dec 31, 2025

§How the score breaks down

Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+53.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 9.4M (2021) → 14.4M (2025)

§Winston Score History

The full picture

INNEOVA Holdings Ltd operates as a parent company, overseeing various subsidiary businesses. Through these operating units, the firm is dedicated to manufacturing essential aftermarket components for a broad spectrum of combustion engines, encompassing both automotive applications and those utilized in non-vehicular industrial settings. INNEOVA Holdings' global presence allows it to supply and support diverse sectors such as maritime operations, power generation, resource extraction (mining), agriculture, as well as the oil & gas and construction industries across the world.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-9.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+79.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Position

Cash flow positive

$1M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

INNEOVA Holdings's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
19.2%
Thin — 19.2% gross margin
Profit after running costs
Operating Margin
-0.0%
Losing money on operations — -0.0%
Return on the money invested
ROCE
-0.0%
Weak — -0.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+0.2%
Nearly flat sales (+0.2% YoY)
Profit growth
EPS YoY
<−1,000%
Earnings shrinking (<−1,000% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
N/A
Data not available

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
7.6%
Modest free cash flow (7.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
3.81
Heavy debt load (3.81)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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