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WORKSPORT LTD (WKSP) Stock Fundamental Analysis

NASDAQ:WKSP - Nasdaq - US98139Q2093 - Common Stock - Currency: USD

0.7941  -0.03 (-3.16%)

After market: 0.7841 -0.01 (-1.26%)

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 shows excellent growth, but is valued quite expensive already.


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

With a Return On Assets value of -62.24%, WKSP is not doing good in the industry: 95.18% of the companies in the same industry are doing better.
WKSP has a Return On Equity of -94.86%. This is amonst the worse of the industry: WKSP underperforms 89.16% of its industry peers.
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

WKSP's Gross Margin of 10.53% is on the low side compared to the rest of the industry. WKSP is outperformed by 86.75% of its industry peers.
In the last couple of years the Gross Margin of WKSP has declined.
The Profit Margin and Operating Margin are not available for WKSP so they could not be analyzed.
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.
Compared to 1 year ago, WKSP has more shares outstanding
Compared to 5 years ago, WKSP has more shares outstanding
WKSP has a worse debt/assets ratio than last year.
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 -2.99. 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 -2.99, WKSP is doing worse than 89.16% of the companies in the same industry.
A Debt/Equity ratio of 0.33 indicates that WKSP is not too dependend on debt financing.
WKSP has a Debt to Equity ratio of 0.33. This is amongst the best in the industry. WKSP outperforms 83.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF N/A
Altman-Z -2.99
ROIC/WACCN/A
WACC10.02%
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

WKSP has a Current Ratio of 2.96. This indicates that WKSP is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 2.96, WKSP belongs to the best of the industry, outperforming 85.54% of the companies in the same industry.
WKSP has a Quick Ratio of 2.96. This is a bad value and indicates that WKSP is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.91, WKSP is not doing good in the industry: 81.93% of the companies in the same industry are doing better.
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.
WKSP shows a strong growth in Revenue. In the last year, the Revenue has grown by 776.15%.
The Revenue has been growing by 26.09% on average over the past years. This is a very strong growth!
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

Based on estimates for the next years, WKSP will show a very strong growth in Earnings Per Share. The EPS will grow by 23.25% on average per year.
The Revenue is expected to grow by 179.51% on average over the next years. This is a very strong growth
EPS Next Y35.93%
EPS Next 2Y28.24%
EPS Next 3Y23.25%
EPS Next 5YN/A
Revenue Next Year320.23%
Revenue Next 2Y277.59%
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 23.25% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.24%
EPS Next 3Y23.25%

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0

5. Dividend

5.1 Amount

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

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WORKSPORT LTD

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

After market: 0.7841 -0.01 (-1.26%)

0.7941

-0.03 (-3.16%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)02-04 2025-02-04/amc
Earnings (Next)05-12 2025-05-12
Inst Owners7.27%
Inst Owner Change-98.81%
Ins Owners7.84%
Ins Owner Change1.3%
Market Cap26.16M
Analysts82.22
Price Target1.7 (114.08%)
Short Float %2.03%
Short Ratio0.31
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)11.11%
PT rev (3m)11.11%
EPS NQ rev (1m)-9.09%
EPS NQ rev (3m)-9.09%
EPS NY rev (1m)-2.98%
EPS NY rev (3m)-2.98%
Revenue NQ rev (1m)21.75%
Revenue NQ rev (3m)-18.84%
Revenue NY rev (1m)1.58%
Revenue NY rev (3m)14.06%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.09
P/FCF N/A
P/OCF N/A
P/B 1.6
P/tB 1.74
EV/EBITDA N/A
EPS(TTM)-0.66
EYN/A
EPS(NY)-0.33
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 -2.99
F-Score3
WACC10.02%
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 Y35.93%
EPS Next 2Y28.24%
EPS Next 3Y23.25%
EPS Next 5YN/A
Revenue 1Y (TTM)776.15%
Revenue growth 3Y63.5%
Revenue growth 5Y26.09%
Sales Q2Q%578.77%
Revenue Next Year320.23%
Revenue Next 2Y277.59%
Revenue Next 3Y179.51%
Revenue Next 5YN/A
EBIT growth 1Y-0.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year28.38%
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