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WORKSPORT LTD (WKSP) Stock Fundamental Analysis

NASDAQ:WKSP - Nasdaq - US98139Q3083 - Common Stock - Currency: USD

4.07  +0.27 (+7.11%)

After market: 4.0503 -0.02 (-0.48%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to WKSP. WKSP was compared to 80 industry peers in the Automobile Components industry. The financial health of WKSP is average, but there are quite some concerns on its profitability. WKSP is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year WKSP has reported negative net income.
WKSP had a negative operating cash flow in the past year.
WKSP had negative earnings in each of the past 5 years.
WKSP had a negative operating cash flow in each of the past 5 years.
WKSP Yearly Net Income VS EBIT VS OCF VS FCFWKSP 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 -5M -10M -15M

1.2 Ratios

WKSP has a Return On Assets of -63.42%. This is amonst the worse of the industry: WKSP underperforms 95.00% of its industry peers.
Looking at the Return On Equity, with a value of -84.02%, WKSP is doing worse than 90.00% of the companies in the same industry.
Industry RankSector Rank
ROA -63.42%
ROE -84.02%
ROIC N/A
ROA(3y)-52.86%
ROA(5y)-48.59%
ROE(3y)-75.63%
ROE(5y)-190%
ROIC(3y)N/A
ROIC(5y)N/A
WKSP Yearly ROA, ROE, ROICWKSP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5K -10K -15K -20K -25K

1.3 Margins

The Gross Margin of WKSP (12.38%) is worse than 85.00% 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 RankSector Rank
OM N/A
PM (TTM) N/A
GM 12.38%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-3.01%
WKSP Yearly Profit, Operating, Gross MarginsWKSP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -2K -4K -6K -8K -10K

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4

2. Health

2.1 Basic Checks

WKSP does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, WKSP has more shares outstanding
Compared to 5 years ago, WKSP has more shares outstanding
The debt/assets ratio for WKSP has been reduced compared to a year ago.
WKSP Yearly Shares OutstandingWKSP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
WKSP Yearly Total Debt VS Total AssetsWKSP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

2.2 Solvency

WKSP has an Altman-Z score of -3.06. This is a bad value and indicates that WKSP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -3.06, WKSP is doing worse than 95.00% of the companies in the same industry.
WKSP has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
WKSP's Debt to Equity ratio of 0.13 is amongst the best of the industry. WKSP outperforms 87.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Altman-Z -3.06
ROIC/WACCN/A
WACC10.66%
WKSP Yearly LT Debt VS Equity VS FCFWKSP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M -10M 20M 30M

2.3 Liquidity

A Current Ratio of 3.26 indicates that WKSP has no problem at all paying its short term obligations.
WKSP has a Current ratio of 3.26. This is amongst the best in the industry. WKSP outperforms 90.00% of its industry peers.
A Quick Ratio of 1.63 indicates that WKSP should not have too much problems paying its short term obligations.
The Quick ratio of WKSP (1.63) is better than 86.25% of its industry peers.
Industry RankSector Rank
Current Ratio 3.26
Quick Ratio 1.63
WKSP Yearly Current Assets VS Current LiabilitesWKSP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

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7

3. Growth

3.1 Past

The earnings per share for WKSP have decreased strongly by -372.70% in the last year.
WKSP shows a strong growth in Revenue. In the last year, the Revenue has grown by 407.54%.
WKSP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.47% yearly.
EPS 1Y (TTM)-372.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%41.67%
Revenue 1Y (TTM)407.54%
Revenue growth 3Y204.67%
Revenue growth 5Y34.47%
Sales Q2Q%336.95%

3.2 Future

Based on estimates for the next years, WKSP will show a very strong growth in Earnings Per Share. The EPS will grow by 30.40% on average per year.
WKSP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 107.06% yearly.
EPS Next Y49.09%
EPS Next 2Y30.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year154.83%
Revenue Next 2Y107.06%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
WKSP Yearly Revenue VS EstimatesWKSP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 10M 20M 30M
WKSP Yearly EPS VS EstimatesWKSP Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 -2 -4 -6 -8

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1

4. Valuation

4.1 Price/Earnings Ratio

WKSP 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 WKSP. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
WKSP Price Earnings VS Forward Price EarningsWKSP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WKSP Per share dataWKSP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4

4.3 Compensation for Growth

WKSP's earnings are expected to grow with 30.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.4%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for WKSP!.
Industry RankSector Rank
Dividend Yield N/A

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WORKSPORT LTD

NASDAQ:WKSP (7/14/2025, 6:51:18 PM)

After market: 4.0503 -0.02 (-0.48%)

4.07

+0.27 (+7.11%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)05-15 2025-05-15/amc
Earnings (Next)08-11 2025-08-11
Inst Owners9.49%
Inst Owner Change0%
Ins Owners6.29%
Ins Owner Change0%
Market Cap21.16M
Analysts82.22
Price Target10.54 (158.97%)
Short Float %3.65%
Short Ratio0.85
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)1
Avg EPS beat(2)2.8%
Min EPS beat(2)-6.86%
Max EPS beat(2)12.46%
EPS beat(4)1
Avg EPS beat(4)-3.28%
Min EPS beat(4)-13.12%
Max EPS beat(4)12.46%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-21.2%
Min Revenue beat(2)-40.99%
Max Revenue beat(2)-1.41%
Revenue beat(4)2
Avg Revenue beat(4)2.68%
Min Revenue beat(4)-40.99%
Max Revenue beat(4)27.55%
Revenue beat(8)2
Avg Revenue beat(8)-26.2%
Revenue beat(12)2
Avg Revenue beat(12)-42.35%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-6.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.32%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-31.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-20.67%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.07
P/FCF N/A
P/OCF N/A
P/B 1.05
P/tB 1.11
EV/EBITDA N/A
EPS(TTM)-5.09
EYN/A
EPS(NY)-1.75
Fwd EYN/A
FCF(TTM)-2.3
FCFYN/A
OCF(TTM)-2.15
OCFYN/A
SpS1.96
BVpS3.87
TBVpS3.66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -63.42%
ROE -84.02%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 12.38%
FCFM N/A
ROA(3y)-52.86%
ROA(5y)-48.59%
ROE(3y)-75.63%
ROE(5y)-190%
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 5Y-3.01%
F-Score3
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 42.61%
Cap/Sales 7.57%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.26
Quick Ratio 1.63
Altman-Z -3.06
F-Score3
WACC10.66%
ROIC/WACCN/A
Cap/Depr(3y)879.39%
Cap/Depr(5y)857.16%
Cap/Sales(3y)3179.71%
Cap/Sales(5y)1983.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-372.7%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%41.67%
EPS Next Y49.09%
EPS Next 2Y30.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)407.54%
Revenue growth 3Y204.67%
Revenue growth 5Y34.47%
Sales Q2Q%336.95%
Revenue Next Year154.83%
Revenue Next 2Y107.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-8.31%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year42.08%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y41.73%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-25.81%
OCF growth 3YN/A
OCF growth 5YN/A