WORKHORSE GROUP INC (WKHS) Fundamental Analysis & Valuation

NASDAQ:WKHS • US98138J5039

Current stock price

3.31 USD
+0.07 (+2.16%)
At close:
3.235 USD
-0.08 (-2.27%)
After Hours:

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

  • 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.
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 0 -100M -200M -300M -400M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -55.19%, WKHS is doing worse than 71.43% of the companies in the same industry.
  • WKHS has a worse Return On Equity (-200.91%) than 62.86% of its industry peers.
Industry RankSector Rank
ROA -55.19%
ROE -200.91%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500 -1K

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 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 0 10K 20K 30K 40K

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1

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.
  • Compared to 1 year ago, WKHS has an improved debt to assets ratio.
WKHS Yearly Shares OutstandingWKHS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100K 200K 300K
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 200M 400M 600M

2.2 Solvency

  • WKHS has an Altman-Z score of -12.00. This is a bad value and indicates that WKHS is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of -12.00, WKHS is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 1.01 is on the high side and indicates that WKHS has dependencies on debt financing.
  • WKHS's Debt to Equity ratio of 1.01 is in line compared to the rest of the industry. WKHS outperforms 42.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF N/A
Altman-Z -12
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 0 100M -100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 1.21 indicates that WKHS should not have too much problems paying its short term obligations.
  • WKHS has a Current ratio (1.21) which is comparable to the rest of the industry.
  • WKHS has a Quick Ratio of 1.21. This is a bad value and indicates that WKHS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.71, WKHS is not doing good in the industry: 62.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.71
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 50M 100M 150M 200M 250M

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

7

3. WKHS Growth Analysis

3.1 Past

  • WKHS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 81.61%, which is quite impressive.
  • WKHS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.74%.
  • WKHS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 77.08% yearly.
EPS 1Y (TTM)81.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.12%
Revenue 1Y (TTM)16.74%
Revenue growth 3YN/A
Revenue growth 5Y77.08%
Sales Q2Q%-4.94%

3.2 Future

  • WKHS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 40.23% yearly.
  • WKHS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 47.01% yearly.
EPS Next Y92.31%
EPS Next 2Y40.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year61.29%
Revenue Next 2Y47.01%
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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2K -2K -4K -6K -8K

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1

4. WKHS Valuation Analysis

4.1 Price/Earnings Ratio

  • WKHS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for WKHS. No positive earnings are expected for the next year.
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 -50 -100 -150 -200

4.3 Compensation for Growth

  • WKHS's earnings are expected to grow with 40.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.23%
EPS Next 3YN/A

More info and screens

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%

More info and screens

Find the best dividend stocksShow peers with best dividend

WKHS Fundamentals: All Metrics, Ratios and Statistics

WORKHORSE GROUP INC

NASDAQ:WKHS (3/23/2026, 8:24:26 PM)

After market: 3.235 -0.08 (-2.27%)

3.31

+0.07 (+2.16%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)11-10
Earnings (Next)03-30
Inst Owners0.93%
Inst Owner Change-92.65%
Ins Owners0.02%
Ins Owner Change0%
Market Cap29.13M
Revenue(TTM)10.62M
Net Income(TTM)-64.43M
Analysts45.71
Price Target7.96 (140.48%)
Short Float %15.15%
Short Ratio3.22
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)21.96%
Min EPS beat(2)-14.94%
Max EPS beat(2)58.86%
EPS beat(4)1
Avg EPS beat(4)-21.99%
Min EPS beat(4)-98.39%
Max EPS beat(4)58.86%
EPS beat(8)2
Avg EPS beat(8)-26.42%
EPS beat(12)4
Avg EPS beat(12)-18.27%
EPS beat(16)4
Avg EPS beat(16)-65.33%
Revenue beat(2)1
Avg Revenue beat(2)59.79%
Min Revenue beat(2)-22.06%
Max Revenue beat(2)141.65%
Revenue beat(4)1
Avg Revenue beat(4)1.8%
Min Revenue beat(4)-73.26%
Max Revenue beat(4)141.65%
Revenue beat(8)2
Avg Revenue beat(8)-17.02%
Revenue beat(12)2
Avg Revenue beat(12)-37.63%
Revenue beat(16)2
Avg Revenue beat(16)-203.4%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.74
P/FCF N/A
P/OCF N/A
P/B 0.91
P/tB 0.91
EV/EBITDA N/A
EPS(TTM)-225.6
EYN/A
EPS(NY)-26.32
Fwd EYN/A
FCF(TTM)-3.7
FCFYN/A
OCF(TTM)-3.69
OCFYN/A
SpS1.21
BVpS3.64
TBVpS3.64
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -55.19%
ROE -200.91%
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
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 Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 0.49%
Cap/Sales 0.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.21
Quick Ratio 0.71
Altman-Z -12
F-Score5
WACC9.18%
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)81.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.12%
EPS Next Y92.31%
EPS Next 2Y40.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)16.74%
Revenue growth 3YN/A
Revenue growth 5Y77.08%
Sales Q2Q%-4.94%
Revenue Next Year61.29%
Revenue Next 2Y47.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y36.59%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year60.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y77.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y73.67%
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.


Can you provide the profitability details for WORKHORSE GROUP INC?

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


Can you provide the financial health for WKHS stock?

The financial health rating of WORKHORSE GROUP INC (WKHS) is 1 / 10.