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WORKHORSE GROUP INC (WKHS) Stock Fundamental Analysis

NASDAQ:WKHS - Nasdaq - US98138J3059 - Common Stock - Currency: USD

0.4868  -0.03 (-6.22%)

After market: 0.4861 0 (-0.14%)

Fundamental Rating

2

WKHS gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 40 industry peers in the Automobiles industry. WKHS may be in some trouble as it scores bad on both profitability and health. WKHS is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year WKHS has reported negative net income.
In the past year WKHS has reported a negative cash flow from operations.
WKHS had negative earnings in 4 of the past 5 years.
WKHS had a negative operating cash flow in each of the past 5 years.
WKHS Yearly Net Income VS EBIT VS OCF VS FCFWKHS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -100M -200M -300M -400M

1.2 Ratios

WKHS's Return On Assets of -124.11% is on the low side compared to the rest of the industry. WKHS is outperformed by 92.11% of its industry peers.
Looking at the Return On Equity, with a value of -266.34%, WKHS is doing worse than 73.68% of the companies in the same industry.
Industry RankSector Rank
ROA -124.11%
ROE -266.34%
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
WKHS Yearly ROA, ROE, ROICWKHS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -500 -1K

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 RankSector 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
WKHS Yearly Profit, Operating, Gross MarginsWKHS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10K 20K 30K 40K

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2

2. Health

2.1 Basic Checks

WKHS does not have a ROIC to compare to the WACC, probably because it is not profitable.
WKHS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, WKHS has less shares outstanding
The debt/assets ratio for WKHS is higher compared to a year ago.
WKHS Yearly Shares OutstandingWKHS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M
WKHS Yearly Total Debt VS Total AssetsWKHS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of -14.13, we must say that WKHS is in the distress zone and has some risk of bankruptcy.
WKHS's Altman-Z score of -14.13 is on the low side compared to the rest of the industry. WKHS is outperformed by 73.68% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that WKHS is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.28, WKHS is in the better half of the industry, outperforming 63.16% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF N/A
Altman-Z -14.13
ROIC/WACCN/A
WACC11.28%
WKHS Yearly LT Debt VS Equity VS FCFWKHS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M 300M

2.3 Liquidity

WKHS has a Current Ratio of 1.16. This is a normal value and indicates that WKHS is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.16, WKHS is not doing good in the industry: 60.53% of the companies in the same industry are doing better.
WKHS has a Quick Ratio of 1.16. 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 0.29 is on the low side compared to the rest of the industry. WKHS is outperformed by 84.21% of its industry peers.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 0.29
WKHS Yearly Current Assets VS Current LiabilitesWKHS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

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5

3. Growth

3.1 Past

WKHS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.08%, which is quite impressive.
WKHS shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.06%.
WKHS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 76.71% yearly.
EPS 1Y (TTM)37.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65%
Revenue 1Y (TTM)-25.06%
Revenue growth 3Y111.2%
Revenue growth 5Y76.71%
Sales Q2Q%-17.17%

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 25.38% on average per year.
Based on estimates for the next years, WKHS will show a quite strong growth in Revenue. The Revenue will grow by 15.45% on average per year.
EPS Next Y79.3%
EPS Next 2Y37.8%
EPS Next 3Y25.38%
EPS Next 5YN/A
Revenue Next Year-35.54%
Revenue Next 2Y7.71%
Revenue Next 3Y15.45%
Revenue Next 5YN/A

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
WKHS Yearly Revenue VS EstimatesWKHS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5M 10M 15M
WKHS Yearly EPS VS EstimatesWKHS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -20 -40 -60

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for WKHS. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for WKHS. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
WKHS Price Earnings VS Forward Price EarningsWKHS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 200 300 400

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WKHS Per share dataWKHS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -2 -4 -6 -8

4.3 Compensation for Growth

A more expensive valuation may be justified as WKHS's earnings are expected to grow with 25.38% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y37.8%
EPS Next 3Y25.38%

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0

5. Dividend

5.1 Amount

WKHS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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WORKHORSE GROUP INC

NASDAQ:WKHS (2/21/2025, 8:00:02 PM)

After market: 0.4861 0 (-0.14%)

0.4868

-0.03 (-6.22%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)11-19 2024-11-19/amc
Earnings (Next)03-04 2025-03-04/amc
Inst Owners6.55%
Inst Owner Change-94.16%
Ins Owners2.22%
Ins Owner Change-0.07%
Market Cap19.95M
Analysts45.71
Price Target1.02 (109.53%)
Short Float %23.21%
Short Ratio3.27
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.24%
Min EPS beat(2)-15.29%
Max EPS beat(2)4.82%
EPS beat(4)1
Avg EPS beat(4)-30.86%
Min EPS beat(4)-106.97%
Max EPS beat(4)4.82%
EPS beat(8)3
Avg EPS beat(8)-16.42%
EPS beat(12)3
Avg EPS beat(12)-79.77%
EPS beat(16)4
Avg EPS beat(16)60.53%
Revenue beat(2)0
Avg Revenue beat(2)-54.24%
Min Revenue beat(2)-80.32%
Max Revenue beat(2)-28.15%
Revenue beat(4)1
Avg Revenue beat(4)-35.84%
Min Revenue beat(4)-80.32%
Max Revenue beat(4)33.36%
Revenue beat(8)1
Avg Revenue beat(8)-57.34%
Revenue beat(12)1
Avg Revenue beat(12)-271.8%
Revenue beat(16)1
Avg Revenue beat(16)-227.32%
PT rev (1m)-75.51%
PT rev (3m)-76%
EPS NQ rev (1m)0.39%
EPS NQ rev (3m)-547.17%
EPS NY rev (1m)23.99%
EPS NY rev (3m)47.24%
Revenue NQ rev (1m)-14.12%
Revenue NQ rev (3m)-72.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-21.64%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.19
P/FCF N/A
P/OCF N/A
P/B 0.42
P/tB 0.42
EV/EBITDA N/A
EPS(TTM)-8.18
EYN/A
EPS(NY)-1.21
Fwd EYN/A
FCF(TTM)-1.8
FCFYN/A
OCF(TTM)-1.65
OCFYN/A
SpS0.22
BVpS1.15
TBVpS1.15
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -124.11%
ROE -266.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
F-Score3
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 81.89%
Cap/Sales 67.98%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.16
Quick Ratio 0.29
Altman-Z -14.13
F-Score3
WACC11.28%
ROIC/WACCN/A
Cap/Depr(3y)545.12%
Cap/Depr(5y)571.63%
Cap/Sales(3y)372.01%
Cap/Sales(5y)411.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65%
EPS Next Y79.3%
EPS Next 2Y37.8%
EPS Next 3Y25.38%
EPS Next 5YN/A
Revenue 1Y (TTM)-25.06%
Revenue growth 3Y111.2%
Revenue growth 5Y76.71%
Sales Q2Q%-17.17%
Revenue Next Year-35.54%
Revenue Next 2Y7.71%
Revenue Next 3Y15.45%
Revenue Next 5YN/A
EBIT growth 1Y14.51%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year31.69%
EBIT Next 3Y20.72%
EBIT Next 5YN/A
FCF growth 1Y26.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y23.64%
OCF growth 3YN/A
OCF growth 5YN/A