WORKHORSE GROUP INC (WKHS)
US98138J3059 - Common Stock
We assign a fundamental rating of 2 out of 10 to WKHS. WKHS was compared to 42 industry peers in the Automobiles industry. Both the profitability and financial health of WKHS have multiple concerns. WKHS is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
WKHS had negative earnings in the past year.
In the past year WKHS has reported a negative cash flow from operations.
In the past 5 years WKHS reported 4 times negative net income.
WKHS had a negative operating cash flow in each of the past 5 years.
1.2 Ratios
WKHS has a Return On Assets of -124.11%. This is amonst the worse of the industry: WKHS underperforms 90.48% of its industry peers.
WKHS has a Return On Equity of -266.34%. This is in the lower half of the industry: WKHS underperforms 73.81% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
The Profit Margin and Operating Margin and Gross Margin are not available for WKHS so they could not be analyzed.
| 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
2. Health
2.1 Basic Checks
WKHS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for WKHS has been reduced compared to 1 year ago.
The number of shares outstanding for WKHS has been reduced compared to 5 years ago.
The debt/assets ratio for WKHS is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -13.99, we must say that WKHS is in the distress zone and has some risk of bankruptcy.
WKHS has a Altman-Z score of -13.99. This is in the lower half of the industry: WKHS underperforms 76.19% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that WKHS is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.28, WKHS perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -13.99 |
ROIC/WACCN/A
WACC11.07%
2.3 Liquidity
A Current Ratio of 1.16 indicates that WKHS should not have too much problems paying its short term obligations.
The Current ratio of WKHS (1.16) is worse than 64.29% of its industry peers.
A Quick Ratio of 0.29 indicates that WKHS may have some problems paying 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 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.16 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 37.08% over the past year.
Looking at the last year, WKHS shows a very negative growth in Revenue. The Revenue has decreased by -25.06% in the last year.
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
WKHS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.35% yearly.
WKHS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 110.70% yearly.
EPS Next Y72.77%
EPS Next 2Y38.28%
EPS Next 3Y25.35%
EPS Next 5YN/A
Revenue Next Year-31.19%
Revenue Next 2Y57.44%
Revenue Next 3Y110.7%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for WKHS. In the last year negative earnings were reported.
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 25.35% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.28%
EPS Next 3Y25.35%
5. Dividend
5.1 Amount
WKHS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
WORKHORSE GROUP INC
NASDAQ:WKHS (12/23/2024, 1:07:39 PM)
0.7601
-0.04 (-5.39%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners10.14%
Inst Owner Change461.78%
Ins Owners3.77%
Ins Owner Change-0.02%
Market Cap31.15M
Analysts50
Price Target4.16 (447.3%)
Short Float %14.96%
Short Ratio1.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)-2%
PT rev (3m)-48.15%
EPS NQ rev (1m)21.47%
EPS NQ rev (3m)-549.72%
EPS NY rev (1m)30.59%
EPS NY rev (3m)5.97%
Revenue NQ rev (1m)-23.36%
Revenue NQ rev (3m)-67.62%
Revenue NY rev (1m)-16.35%
Revenue NY rev (3m)-16.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 3.42 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.66 | ||
| P/tB | 0.66 | ||
| EV/EBITDA | N/A |
EPS(TTM)-8.18
EYN/A
EPS(NY)-1.05
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 Rank | Sector 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 Rank | Sector 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 | -13.99 |
F-Score3
WACC11.07%
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 Y72.77%
EPS Next 2Y38.28%
EPS Next 3Y25.35%
EPS Next 5YN/A
Revenue 1Y (TTM)-25.06%
Revenue growth 3Y111.2%
Revenue growth 5Y76.71%
Sales Q2Q%-17.17%
Revenue Next Year-31.19%
Revenue Next 2Y57.44%
Revenue Next 3Y110.7%
Revenue Next 5YN/A
EBIT growth 1Y14.51%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year39.7%
EBIT Next 3Y24.61%
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