WORKHORSE GROUP INC (WKHS) Fundamental Analysis & Valuation

NASDAQ:WKHS • US98138J5039

Current stock price

2.74 USD
-0.1 (-3.52%)
Last:

This WKHS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

0

1. WKHS Profitability Analysis

1.1 Basic Checks

  • WKHS had negative earnings in the past year.
  • WKHS had a negative operating cash flow in the past year.
  • In the past 5 years WKHS always reported 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100M -200M -300M -400M

1.2 Ratios

  • WKHS has a worse Return On Assets (-54.36%) than 71.43% of its industry peers.
  • The Return On Equity of WKHS (-148.89%) is worse than 60.00% of its industry peers.
Industry RankSector Rank
ROA -54.36%
ROE -148.89%
ROIC N/A
ROA(3y)-83.43%
ROA(5y)-98.09%
ROE(3y)-175.94%
ROE(5y)-173.11%
ROIC(3y)N/A
ROIC(5y)N/A
WKHS Yearly ROA, ROE, ROICWKHS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10K 20K 30K 40K

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2

2. WKHS Health Analysis

2.1 Basic Checks

  • WKHS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, WKHS has more shares outstanding
  • WKHS has more shares outstanding than it did 5 years ago.
  • WKHS has a worse debt/assets ratio than last year.
WKHS Yearly Shares OutstandingWKHS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M
WKHS Yearly Total Debt VS Total AssetsWKHS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • Based on the Altman-Z score of -4.49, we must say that WKHS is in the distress zone and has some risk of bankruptcy.
  • WKHS's Altman-Z score of -4.49 is on the low side compared to the rest of the industry. WKHS is outperformed by 62.86% of its industry peers.
  • A Debt/Equity ratio of 0.36 indicates that WKHS is not too dependend on debt financing.
  • WKHS has a better Debt to Equity ratio (0.36) than 68.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF N/A
Altman-Z -4.49
ROIC/WACCN/A
WACC9.18%
WKHS Yearly LT Debt VS Equity VS FCFWKHS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

2.3 Liquidity

  • WKHS has a Current Ratio of 1.54. This is a normal value and indicates that WKHS is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.54, WKHS is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
  • A Quick Ratio of 0.53 indicates that WKHS may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.53, WKHS is doing worse than 71.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.54
Quick Ratio 0.53
WKHS Yearly Current Assets VS Current LiabilitesWKHS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. WKHS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 87.45% over the past year.
  • WKHS shows a strong growth in Revenue. In the last year, the Revenue has grown by 220.59%.
  • Measured over the past years, WKHS shows a very strong growth in Revenue. The Revenue has been growing by 72.47% on average per year.
EPS 1Y (TTM)87.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%98.4%
Revenue 1Y (TTM)220.59%
Revenue growth 3Y61.67%
Revenue growth 5Y72.47%
Sales Q2Q%406.13%

3.2 Future

  • Based on estimates for the next years, WKHS will show a very strong growth in Earnings Per Share. The EPS will grow by 40.84% on average per year.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y95.8%
EPS Next 2Y40.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year214.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
WKHS Yearly Revenue VS EstimatesWKHS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 10M 20M 30M 40M
WKHS Yearly EPS VS EstimatesWKHS Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2K -2K -4K -6K -8K

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1

4. WKHS Valuation Analysis

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 10 20 30 40

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 -20 -40 -60 -80

4.3 Compensation for Growth

  • WKHS's earnings are expected to grow with 40.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.84%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. WKHS Dividend Analysis

5.1 Amount

  • No dividends for WKHS!.
Industry RankSector Rank
Dividend Yield 0%

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WKHS Fundamentals: All Metrics, Ratios and Statistics

WORKHORSE GROUP INC

NASDAQ:WKHS (4/16/2026, 3:05:11 PM)

2.74

-0.1 (-3.52%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)03-31
Earnings (Next)05-13
Inst Owners0.78%
Inst Owner Change0%
Ins Owners0.01%
Ins Owner Change0%
Market Cap28.63M
Revenue(TTM)21.21M
Net Income(TTM)-64.09M
Analysts45.71
Price Target3.06 (11.68%)
Short Float %9.79%
Short Ratio4.19
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1
Avg EPS beat(2)31.16%
Min EPS beat(2)-14.94%
Max EPS beat(2)77.26%
EPS beat(4)2
Avg EPS beat(4)21.93%
Min EPS beat(4)-33.48%
Max EPS beat(4)77.26%
EPS beat(8)3
Avg EPS beat(8)-3.39%
EPS beat(12)5
Avg EPS beat(12)-9.29%
EPS beat(16)5
Avg EPS beat(16)-15.73%
Revenue beat(2)1
Avg Revenue beat(2)75.43%
Min Revenue beat(2)-22.06%
Max Revenue beat(2)172.91%
Revenue beat(4)2
Avg Revenue beat(4)54.81%
Min Revenue beat(4)-73.26%
Max Revenue beat(4)172.91%
Revenue beat(8)2
Avg Revenue beat(8)0.43%
Revenue beat(12)3
Avg Revenue beat(12)-17.17%
Revenue beat(16)3
Avg Revenue beat(16)-23.88%
PT rev (1m)-61.54%
PT rev (3m)-61.54%
EPS NQ rev (1m)76.89%
EPS NQ rev (3m)76.89%
EPS NY rev (1m)84.26%
EPS NY rev (3m)84.26%
Revenue NQ rev (1m)112.5%
Revenue NQ rev (3m)112.5%
Revenue NY rev (1m)134.93%
Revenue NY rev (3m)134.93%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.35
P/FCF N/A
P/OCF N/A
P/B 0.67
P/tB 0.96
EV/EBITDA N/A
EPS(TTM)-98.66
EYN/A
EPS(NY)-4.14
Fwd EYN/A
FCF(TTM)-3.46
FCFYN/A
OCF(TTM)-3.4
OCFYN/A
SpS2.03
BVpS4.12
TBVpS2.84
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -54.36%
ROE -148.89%
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)-83.43%
ROA(5y)-98.09%
ROE(3y)-175.94%
ROE(5y)-173.11%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 48.83%
Cap/Sales 2.84%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.54
Quick Ratio 0.53
Altman-Z -4.49
F-Score5
WACC9.18%
ROIC/WACCN/A
Cap/Depr(3y)186.71%
Cap/Depr(5y)347.12%
Cap/Sales(3y)68.99%
Cap/Sales(5y)236.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)87.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%98.4%
EPS Next Y95.8%
EPS Next 2Y40.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)220.59%
Revenue growth 3Y61.67%
Revenue growth 5Y72.47%
Sales Q2Q%406.13%
Revenue Next Year214.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y35.79%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year28.21%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y30%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y25.29%
OCF growth 3YN/A
OCF growth 5YN/A

WORKHORSE GROUP INC / WKHS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for WORKHORSE GROUP INC?

ChartMill assigns a fundamental rating of 2 / 10 to WKHS.


Can you provide the valuation status for WORKHORSE GROUP INC?

ChartMill assigns a valuation rating of 1 / 10 to WORKHORSE GROUP INC (WKHS). This can be considered as Overvalued.


What is the profitability of WKHS stock?

WORKHORSE GROUP INC (WKHS) has a profitability rating of 0 / 10.


What is the earnings growth outlook for WORKHORSE GROUP INC?

The Earnings per Share (EPS) of WORKHORSE GROUP INC (WKHS) is expected to grow by 95.8% in the next year.