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WORKSPORT LTD (WKSP) Stock Fundamental Analysis

NASDAQ:WKSP - Nasdaq - US98139Q2093 - Common Stock

0.9905  +0.16 (+19.05%)

Fundamental Rating

3

Overall WKSP gets a fundamental rating of 3 out of 10. We evaluated WKSP against 83 industry peers in the Automobile Components industry. WKSP has a bad profitability rating. Also its financial health evaluation is rather negative. WKSP is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year WKSP has reported negative net income.
In the past year WKSP has reported a negative cash flow from operations.
In the past 5 years WKSP always reported negative net income.
In the past 5 years WKSP always reported negative operating cash flow.
WKSP Yearly Net Income VS EBIT VS OCF VS FCFWKSP 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 -5M -10M -15M

1.2 Ratios

Looking at the Return On Assets, with a value of -62.24%, WKSP is doing worse than 95.18% of the companies in the same industry.
Looking at the Return On Equity, with a value of -94.86%, WKSP is doing worse than 89.16% of the companies in the same industry.
Industry RankSector Rank
ROA -62.24%
ROE -94.86%
ROIC N/A
ROA(3y)-39.18%
ROA(5y)-51.03%
ROE(3y)-52.4%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
WKSP Yearly ROA, ROE, ROICWKSP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -5K -10K -15K -20K -25K

1.3 Margins

The Gross Margin of WKSP (10.53%) is worse than 85.54% of its industry peers.
WKSP's Gross Margin has declined in the last couple of years.
WKSP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 10.53%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.25%
GM growth 5Y-5.47%
WKSP Yearly Profit, Operating, Gross MarginsWKSP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -2K -4K -6K -8K -10K

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3

2. Health

2.1 Basic Checks

WKSP does not have a ROIC to compare to the WACC, probably because it is not profitable.
WKSP has more shares outstanding than it did 1 year ago.
The number of shares outstanding for WKSP has been increased compared to 5 years ago.
The debt/assets ratio for WKSP is higher compared to a year ago.
WKSP Yearly Shares OutstandingWKSP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M
WKSP Yearly Total Debt VS Total AssetsWKSP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M

2.2 Solvency

WKSP has an Altman-Z score of -2.91. This is a bad value and indicates that WKSP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -2.91, WKSP is doing worse than 92.77% of the companies in the same industry.
WKSP has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of WKSP (0.33) is better than 83.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF N/A
Altman-Z -2.91
ROIC/WACCN/A
WACC9.39%
WKSP Yearly LT Debt VS Equity VS FCFWKSP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M -10M 20M 30M

2.3 Liquidity

A Current Ratio of 2.96 indicates that WKSP has no problem at all paying its short term obligations.
WKSP's Current ratio of 2.96 is amongst the best of the industry. WKSP outperforms 85.54% of its industry peers.
A Quick Ratio of 0.91 indicates that WKSP may have some problems paying its short term obligations.
The Quick ratio of WKSP (0.91) is worse than 83.13% of its industry peers.
Industry RankSector Rank
Current Ratio 2.96
Quick Ratio 0.91
WKSP Yearly Current Assets VS Current LiabilitesWKSP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M

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8

3. Growth

3.1 Past

WKSP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.91%, which is quite impressive.
Looking at the last year, WKSP shows a very strong growth in Revenue. The Revenue has grown by 776.15%.
Measured over the past years, WKSP shows a very strong growth in Revenue. The Revenue has been growing by 26.09% on average per year.
EPS 1Y (TTM)22.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%38.92%
Revenue 1Y (TTM)776.15%
Revenue growth 3Y63.5%
Revenue growth 5Y26.09%
Sales Q2Q%578.77%

3.2 Future

The Earnings Per Share is expected to grow by 21.89% on average over the next years. This is a very strong growth
WKSP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 179.51% yearly.
EPS Next Y37.78%
EPS Next 2Y27.8%
EPS Next 3Y21.89%
EPS Next 5YN/A
Revenue Next Year313.67%
Revenue Next 2Y286.35%
Revenue Next 3Y179.51%
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.
WKSP Yearly Revenue VS EstimatesWKSP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 10M 20M 30M 40M
WKSP Yearly EPS VS EstimatesWKSP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 -0.2 -0.4 -0.6 -0.8

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for WKSP. In the last year negative earnings were reported.
Also next year WKSP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
WKSP Price Earnings VS Forward Price EarningsWKSP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WKSP Per share dataWKSP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.2 -0.2 0.4 -0.4 -0.6

4.3 Compensation for Growth

WKSP's earnings are expected to grow with 21.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.8%
EPS Next 3Y21.89%

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0

5. Dividend

5.1 Amount

No dividends for WKSP!.
Industry RankSector Rank
Dividend Yield N/A

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WORKSPORT LTD

NASDAQ:WKSP (1/22/2025, 11:56:09 AM)

0.9905

+0.16 (+19.05%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)11-13 2024-11-13/amc
Earnings (Next)02-04 2025-02-04/amc
Inst Owners9.53%
Inst Owner Change0%
Ins Owners8.6%
Ins Owner Change1.3%
Market Cap32.63M
Analysts82.5
Price Target1.53 (54.47%)
Short Float %2.46%
Short Ratio0.37
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)0
Avg EPS beat(2)-9.35%
Min EPS beat(2)-13.12%
Max EPS beat(2)-5.58%
EPS beat(4)2
Avg EPS beat(4)2.7%
Min EPS beat(4)-13.12%
Max EPS beat(4)22.39%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)26.57%
Min Revenue beat(2)25.59%
Max Revenue beat(2)27.55%
Revenue beat(4)2
Avg Revenue beat(4)-7.01%
Min Revenue beat(4)-49.74%
Max Revenue beat(4)27.55%
Revenue beat(8)2
Avg Revenue beat(8)-37.08%
Revenue beat(12)2
Avg Revenue beat(12)-53.14%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-33.33%
Revenue NY rev (1m)12.28%
Revenue NY rev (3m)7.67%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 5.1
P/FCF N/A
P/OCF N/A
P/B 1.99
P/tB 2.17
EV/EBITDA N/A
EPS(TTM)-0.66
EYN/A
EPS(NY)-0.34
Fwd EYN/A
FCF(TTM)-0.38
FCFYN/A
OCF(TTM)-0.36
OCFYN/A
SpS0.19
BVpS0.5
TBVpS0.46
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -62.24%
ROE -94.86%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 10.53%
FCFM N/A
ROA(3y)-39.18%
ROA(5y)-51.03%
ROE(3y)-52.4%
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 3Y3.25%
GM growth 5Y-5.47%
F-Score3
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 66.76%
Cap/Sales 11.58%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.96
Quick Ratio 0.91
Altman-Z -2.91
F-Score3
WACC9.39%
ROIC/WACCN/A
Cap/Depr(3y)1407.44%
Cap/Depr(5y)1051.13%
Cap/Sales(3y)3303.19%
Cap/Sales(5y)1983.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.91%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%38.92%
EPS Next Y37.78%
EPS Next 2Y27.8%
EPS Next 3Y21.89%
EPS Next 5YN/A
Revenue 1Y (TTM)776.15%
Revenue growth 3Y63.5%
Revenue growth 5Y26.09%
Sales Q2Q%578.77%
Revenue Next Year313.67%
Revenue Next 2Y286.35%
Revenue Next 3Y179.51%
Revenue Next 5YN/A
EBIT growth 1Y-0.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year37.24%
EBIT Next 3Y28.05%
EBIT Next 5YN/A
FCF growth 1Y34.63%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-38.46%
OCF growth 3YN/A
OCF growth 5YN/A