Fundamental Analysis of WORKHORSE GROUP INC(NASDAQ:WKHS) stock

Fundamental Rating

WKHS gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 41 industry peers in the Automobiles industry. Both the profitability and financial health of WKHS have multiple concerns. While showing a medium growth rate, WKHS is valued expensive at the moment.

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1. Profitability

1.1 Basic Checks

In the past year WKHS has reported negative net income.

WKHS had a negative operating cash flow in the past year.

In the past 5 years WKHS reported 4 times negative net income.

In the past 5 years WKHS always reported negative operating cash flow.

1.2 Ratios

The Return On Assets of WKHS (-124.68%) is worse than 90.24% of its industry peers.

WKHS has a worse Return On Equity (-224.06%) than 75.61% of its industry peers.

		Industry Rank	Sector Rank
ROA	-124.68%
ROE	-224.06%
ROIC	N/A

ROA(3y)-109.2%

ROA(5y)-78.01%

ROE(3y)-162.27%

ROE(5y)N/A

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

WKHS does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

WKHS does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, WKHS has less shares outstanding

The number of shares outstanding for WKHS has been reduced compared to 5 years ago.

Compared to 1 year ago, WKHS has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of -13.12, we must say that WKHS is in the distress zone and has some risk of bankruptcy.

With a Altman-Z score value of -13.12, WKHS is not doing good in the industry: 78.05% of the companies in the same industry are doing better.

A Debt/Equity ratio of 0.16 indicates that WKHS is not too dependend on debt financing.

The Debt to Equity ratio of WKHS (0.16) is better than 65.85% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.16
Debt/FCF	N/A
Altman-Z	-13.12

ROIC/WACCN/A

WACC10.34%

2.3 Liquidity

WKHS has a Current Ratio of 1.43. This is a normal value and indicates that WKHS is financially healthy and should not expect problems in meeting its short term obligations.

WKHS has a Current ratio of 1.43. This is comparable to the rest of the industry: WKHS outperforms 48.78% of its industry peers.

WKHS has a Quick Ratio of 1.43. This is a bad value and indicates that WKHS is not financially healthy enough and could expect problems in meeting its short term obligations.

WKHS's Quick ratio of 0.31 is on the low side compared to the rest of the industry. WKHS is outperformed by 85.37% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.43
Quick Ratio	0.31

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 31.51% over the past year.

WKHS shows a decrease in Revenue. In the last year, the revenue decreased by -9.77%.

The Revenue has been growing by 76.71% on average over the past years. This is a very strong growth!

EPS 1Y (TTM)31.51%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%41.67%

Revenue 1Y (TTM)-9.77%

Revenue growth 3Y111.2%

Revenue growth 5Y76.71%

Sales Q2Q%-78.77%

3.2 Future

Based on estimates for the next years, WKHS will show a very strong growth in Earnings Per Share. The EPS will grow by 25.29% on average per year.

WKHS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 110.67% yearly.

EPS Next Y60.77%

EPS Next 2Y35.92%

EPS Next 3Y25.29%

EPS Next 5YN/A

Revenue Next Year-17.74%

Revenue Next 2Y66.26%

Revenue Next 3Y110.67%

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

WKHS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

Also next year WKHS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

A more expensive valuation may be justified as WKHS's earnings are expected to grow with 25.29% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y35.92%

EPS Next 3Y25.29%

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5. Dividend

5.1 Amount

No dividends for WKHS!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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WORKHORSE GROUP INC

NASDAQ:WKHS (11/13/2024, 5:28:51 PM)

After market: 1.36 -0.02 (-1.45%)

1.38

-0.06 (-4.17%)

Chartmill FA Rating

GICS SectorConsumer Discretionary

GICS IndustryGroupAutomobiles & Components

GICS IndustryAutomobiles

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap33.62M

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

EPS beat(4)

Avg EPS beat(4)

Min EPS beat(4)

Max EPS beat(4)

EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

Max Revenue beat(4)

Revenue beat(8)

Avg Revenue beat(8)

Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-124.68%
ROE	-224.06%
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	N/A
GM	N/A
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.09

Health

		Industry Rank	Sector Rank
Debt/Equity	0.16
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	1.43
Quick Ratio	0.31
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

High Growth Momentum

Growth

EPS 1Y (TTM)31.51%

EPS 3YN/A

EPS 5Y

EPS Q2Q%

EPS Next Y60.77%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)-9.77%

Revenue growth 3Y111.2%

Revenue growth 5Y

Sales Q2Q%

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

WORKHORSE GROUP INC (WKHS)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

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