WORKHORSE GROUP INC (WKHS)
US98138J2069 - Common Stock
We assign a fundamental rating of 2 out of 10 to WKHS. WKHS was compared to 40 industry peers in the Automobiles industry. WKHS may be in some trouble as it scores bad on both profitability and health. WKHS shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year WKHS has reported negative net income.
WKHS had a negative operating cash flow in the past year.
WKHS had negative earnings in 4 of the past 5 years.
In the past 5 years WKHS always reported negative operating cash flow.
1.2 Ratios
WKHS has a Return On Assets of -87.47%. This is amonst the worse of the industry: WKHS underperforms 82.05% of its industry peers.
WKHS has a Return On Equity of -149.11%. This is in the lower half of the industry: WKHS underperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -87.47% | ||
| ROE | -149.11% | ||
| 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
WKHS does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
| 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 increased compared to 1 year ago.
WKHS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for WKHS is higher compared to a year ago.
2.2 Solvency
WKHS has an Altman-Z score of -8.93. This is a bad value and indicates that WKHS is not financially healthy and even has some risk of bankruptcy.
WKHS's Altman-Z score of -8.93 is on the low side compared to the rest of the industry. WKHS is outperformed by 79.49% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that WKHS is not too dependend on debt financing.
WKHS has a better Debt to Equity ratio (0.24) than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -8.93 |
ROIC/WACCN/A
WACC10.88%
2.3 Liquidity
WKHS has a Current Ratio of 1.76. This is a normal value and indicates that WKHS is financially healthy and should not expect problems in meeting its short term obligations.
WKHS has a better Current ratio (1.76) than 66.67% of its industry peers.
WKHS has a Quick Ratio of 1.76. This is a bad value and indicates that WKHS is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.91, WKHS is doing worse than 64.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.76 | ||
| Quick Ratio | 0.91 |
3. Growth
3.1 Past
WKHS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.92%, which is quite good.
WKHS shows a strong growth in Revenue. In the last year, the Revenue has grown by 160.88%.
The Revenue has been growing by 76.71% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)18.92%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q20.83%
Revenue 1Y (TTM)160.88%
Revenue growth 3Y111.2%
Revenue growth 5Y76.71%
Revenue growth Q2Q27.72%
3.2 Future
WKHS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.39% yearly.
Based on estimates for the next years, WKHS will show a very strong growth in Revenue. The Revenue will grow by 147.05% on average per year.
EPS Next Y40.92%
EPS Next 2Y24.82%
EPS Next 3Y20.39%
EPS Next 5YN/A
Revenue Next Year238.02%
Revenue Next 2Y170.73%
Revenue Next 3Y147.05%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 20.39% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.82%
EPS Next 3Y20.39%
5. Dividend
5.1 Amount
No dividends for WKHS!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
WORKHORSE GROUP INC
NASDAQ:WKHS (5/6/2024, 3:45:40 PM)
After market: 0.1915 0 (-0.67%)0.1928
+0.03 (+20.5%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap60.66M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
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)
EY
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 | -87.47% | ||
| ROE | -149.11% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| 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 Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.76 | ||
| Quick Ratio | 0.91 | ||
| 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)
Growth
EPS 1Y (TTM)18.92%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y40.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)160.88%
Revenue growth 3Y111.2%
Revenue growth 5Y
Revenue growth 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