Fundamental Analysis of WORKSPORT LTD(NASDAQ:WKSP) stock

Fundamental Rating

Overall WKSP gets a fundamental rating of 2 out of 10. We evaluated WKSP against 82 industry peers in the Automobile Components industry. WKSP scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, WKSP is valued expensive at the moment.

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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.

WKSP had negative earnings in each of the past 5 years.

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

1.2 Ratios

WKSP's Return On Assets of -56.42% is on the low side compared to the rest of the industry. WKSP is outperformed by 95.06% of its industry peers.

Looking at the Return On Equity, with a value of -80.11%, WKSP is doing worse than 90.12% of the companies in the same industry.

		Industry Rank	Sector Rank
ROA	-56.42%
ROE	-80.11%
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

1.3 Margins

WKSP's Gross Margin of 13.83% is on the low side compared to the rest of the industry. WKSP is outperformed by 80.25% 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 Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	13.83%

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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

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

The number of shares outstanding for WKSP has been increased compared to 1 year ago.

Compared to 5 years ago, WKSP has more shares outstanding

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

2.2 Solvency

Based on the Altman-Z score of -2.97, we must say that WKSP is in the distress zone and has some risk of bankruptcy.

The Altman-Z score of WKSP (-2.97) is worse than 91.36% of its industry peers.

A Debt/Equity ratio of 0.28 indicates that WKSP is not too dependend on debt financing.

WKSP has a Debt to Equity ratio of 0.28. This is amongst the best in the industry. WKSP outperforms 83.95% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.28
Debt/FCF	N/A
Altman-Z	-2.97

ROIC/WACCN/A

WACC9.35%

2.3 Liquidity

A Current Ratio of 4.77 indicates that WKSP has no problem at all paying its short term obligations.

With an excellent Current ratio value of 4.77, WKSP belongs to the best of the industry, outperforming 93.83% of the companies in the same industry.

A Quick Ratio of 1.93 indicates that WKSP should not have too much problems paying its short term obligations.

WKSP has a better Quick ratio (1.93) than 88.89% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	4.77
Quick Ratio	1.93

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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 for WKSP have decreased by -5.80% in the last year.

The Revenue for WKSP has decreased by -60.00% in the past year. This is quite bad

The Revenue for WKSP have been decreasing by -21.79% on average. This is quite bad

EPS 1Y (TTM)-5.8%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%N/A

Revenue 1Y (TTM)-60%

Revenue growth 3Y-60.38%

Revenue growth 5Y-21.79%

Sales Q2Q%578.26%

3.2 Future

The Earnings Per Share is expected to grow by 15.27% on average over the next years. This is quite good.

The Revenue is expected to grow by 355.64% on average over the next years. This is a very strong growth

EPS Next Y-24.05%

EPS Next 2Y10.82%

EPS Next 3Y15.61%

EPS Next 5Y15.27%

Revenue Next Year1800%

Revenue Next 2Y736.66%

Revenue Next 3Y560.39%

Revenue Next 5Y355.64%

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

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

Also next year WKSP 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

WKSP's earnings are expected to grow with 15.61% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y10.82%

EPS Next 3Y15.61%

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5. Dividend

5.1 Amount

No dividends for WKSP!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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WORKSPORT LTD

NASDAQ:WKSP (11/21/2024, 8:01:44 PM)

After market: 0.63 +0.05 (+8.62%)

0.58

+0.08 (+16.02%)

Chartmill FA Rating

GICS SectorConsumer Discretionary

GICS IndustryGroupAutomobiles & Components

GICS IndustryAutomobile Components

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap19.11M

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	-56.42%
ROE	-80.11%
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	N/A
GM	13.83%
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 Turnover0.14

Health

		Industry Rank	Sector Rank
Debt/Equity	0.28
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	4.77
Quick Ratio	1.93
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)-5.8%

EPS 3YN/A

EPS 5Y

EPS Q2Q%

EPS Next Y-24.05%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)-60%

Revenue growth 3Y-60.38%

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

WORKSPORT LTD (WKSP)

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

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5. Dividend

5.1 Amount

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