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WORKHORSE GROUP INC (WKHS) Stock Fundamental Analysis

NASDAQ:WKHS - Nasdaq - US98138J4040 - Common Stock - Currency: USD

1.14  +0.08 (+7.55%)

After market: 1.15 +0.01 (+0.88%)

Fundamental Rating

2

Taking everything into account, WKHS scores 2 out of 10 in our fundamental rating. WKHS was compared to 40 industry peers in the Automobiles industry. WKHS has a bad profitability rating. Also its financial health evaluation is rather negative. WKHS is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

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.
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.
WKHS Yearly Net Income VS EBIT VS OCF VS FCFWKHS 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 2024 0 -100M -200M -300M -400M

1.2 Ratios

WKHS has a Return On Assets of -108.47%. This is amonst the worse of the industry: WKHS underperforms 87.50% of its industry peers.
The Return On Equity of WKHS (-229.84%) is worse than 62.50% of its industry peers.
Industry RankSector Rank
ROA -108.47%
ROE -229.84%
ROIC N/A
ROA(3y)-86.71%
ROA(5y)-85.01%
ROE(3y)-162.31%
ROE(5y)-139.8%
ROIC(3y)N/A
ROIC(5y)N/A
WKHS Yearly ROA, ROE, ROICWKHS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500 -1K

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for WKHS so they could not be analyzed.
Industry RankSector 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
WKHS Yearly Profit, Operating, Gross MarginsWKHS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10K 20K 30K 40K

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3

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.
Compared to 5 years ago, WKHS has less shares outstanding
The debt/assets ratio for WKHS has been reduced compared to a year ago.
WKHS Yearly Shares OutstandingWKHS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
WKHS Yearly Total Debt VS Total AssetsWKHS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

WKHS has an Altman-Z score of -15.09. This is a bad value and indicates that WKHS is not financially healthy and even has some risk of bankruptcy.
WKHS has a worse Altman-Z score (-15.09) than 75.00% of its industry peers.
WKHS has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
WKHS has a better Debt to Equity ratio (0.24) than 82.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF N/A
Altman-Z -15.09
ROIC/WACCN/A
WACC7.01%
WKHS Yearly LT Debt VS Equity VS FCFWKHS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

2.3 Liquidity

WKHS has a Current Ratio of 1.18. This is a normal value and indicates that WKHS is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.18, WKHS perfoms like the industry average, outperforming 47.50% of the companies in the same industry.
A Quick Ratio of 0.26 indicates that WKHS may have some problems paying its short term obligations.
WKHS has a worse Quick ratio (0.26) than 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 0.26
WKHS Yearly Current Assets VS Current LiabilitesWKHS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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3. Growth

3.1 Past

WKHS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -254.17%.
WKHS shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -49.48%.
Measured over the past years, WKHS shows a very strong growth in Revenue. The Revenue has been growing by 77.08% on average per year.
EPS 1Y (TTM)-254.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-182.89%
Revenue 1Y (TTM)-49.48%
Revenue growth 3YN/A
Revenue growth 5Y77.08%
Sales Q2Q%-56.31%

3.2 Future

WKHS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 37.77% yearly.
WKHS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 54.50% yearly.
EPS Next Y70.54%
EPS Next 2Y37.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year47.74%
Revenue Next 2Y54.5%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
WKHS Yearly Revenue VS EstimatesWKHS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5M 10M 15M
WKHS Yearly EPS VS EstimatesWKHS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -100 -200 -300 -400 -500

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1

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 RankSector Rank
PE N/A
Fwd PE N/A
WKHS Price Earnings VS Forward Price EarningsWKHS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WKHS Per share dataWKHS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -10 -20 -30 -40

4.3 Compensation for Growth

WKHS's earnings are expected to grow with 37.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y37.77%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

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

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WORKHORSE GROUP INC

NASDAQ:WKHS (5/2/2025, 7:36:52 PM)

After market: 1.15 +0.01 (+0.88%)

1.14

+0.08 (+7.55%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)03-31 2025-03-31/bmo
Earnings (Next)05-19 2025-05-19/amc
Inst Owners6.55%
Inst Owner Change-0.01%
Ins Owners2.22%
Ins Owner Change-0.17%
Market Cap5.85M
Analysts45.71
Price Target2.04 (78.95%)
Short Float %N/A
Short Ratio0.75
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)-56.84%
Min EPS beat(2)-98.39%
Max EPS beat(2)-15.29%
EPS beat(4)1
Avg EPS beat(4)-28.71%
Min EPS beat(4)-98.39%
Max EPS beat(4)4.82%
EPS beat(8)3
Avg EPS beat(8)-24.89%
EPS beat(12)3
Avg EPS beat(12)-28.28%
EPS beat(16)3
Avg EPS beat(16)-103.64%
Revenue beat(2)0
Avg Revenue beat(2)-33.64%
Min Revenue beat(2)-39.12%
Max Revenue beat(2)-28.15%
Revenue beat(4)0
Avg Revenue beat(4)-53.96%
Min Revenue beat(4)-80.32%
Max Revenue beat(4)-28.15%
Revenue beat(8)1
Avg Revenue beat(8)-53.17%
Revenue beat(12)1
Avg Revenue beat(12)-50.11%
Revenue beat(16)1
Avg Revenue beat(16)-226.53%
PT rev (1m)100%
PT rev (3m)-51.02%
EPS NQ rev (1m)14.06%
EPS NQ rev (3m)-1010.05%
EPS NY rev (1m)17.48%
EPS NY rev (3m)-1089.06%
Revenue NQ rev (1m)-9.62%
Revenue NQ rev (3m)-36.77%
Revenue NY rev (1m)-17.92%
Revenue NY rev (3m)-17.92%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.88
P/FCF N/A
P/OCF N/A
P/B 0.13
P/tB 0.13
EV/EBITDA N/A
EPS(TTM)-42.5
EYN/A
EPS(NY)-12.52
Fwd EYN/A
FCF(TTM)-10.07
FCFYN/A
OCF(TTM)-9.28
OCFYN/A
SpS1.29
BVpS8.63
TBVpS8.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -108.47%
ROE -229.84%
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)-86.71%
ROA(5y)-85.01%
ROE(3y)-162.31%
ROE(5y)-139.8%
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-Score1
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 51.39%
Cap/Sales 61.43%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.18
Quick Ratio 0.26
Altman-Z -15.09
F-Score1
WACC7.01%
ROIC/WACCN/A
Cap/Depr(3y)469.58%
Cap/Depr(5y)478.83%
Cap/Sales(3y)184.25%
Cap/Sales(5y)317.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-254.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-182.89%
EPS Next Y70.54%
EPS Next 2Y37.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-49.48%
Revenue growth 3YN/A
Revenue growth 5Y77.08%
Sales Q2Q%-56.31%
Revenue Next Year47.74%
Revenue Next 2Y54.5%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y29.83%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year64.97%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y63.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y61.32%
OCF growth 3YN/A
OCF growth 5YN/A