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WORKSPORT LTD (WKSP) Stock Fundamental Analysis

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

2.525  -0.12 (-4.72%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to WKSP. WKSP was compared to 81 industry peers in the Automobile Components industry. WKSP scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. WKSP shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

WKSP had negative earnings in the past year.
In the past year WKSP has reported a negative cash flow from operations.
In the past 5 years WKSP always reported negative net income.
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's Return On Assets of -62.80% is on the low side compared to the rest of the industry. WKSP is outperformed by 95.06% of its industry peers.
With a Return On Equity value of -92.82%, WKSP is not doing good in the industry: 90.12% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -62.8%
ROE -92.82%
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 (10.68%) is worse than 86.42% 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 10.68%
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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5

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 less shares outstanding
Compared to 5 years ago, WKSP has more shares outstanding
Compared to 1 year ago, WKSP has an improved debt to assets ratio.
WKSP Yearly Shares OutstandingWKSP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
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

Based on the Altman-Z score of -3.88, we must say that WKSP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of WKSP (-3.88) is worse than 93.83% of its industry peers.
WKSP has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of WKSP (0.29) is better than 82.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Altman-Z -3.88
ROIC/WACCN/A
WACC10.75%
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 3.30 indicates that WKSP has no problem at all paying its short term obligations.
WKSP has a better Current ratio (3.30) than 90.12% of its industry peers.
WKSP has a Quick Ratio of 1.67. This is a normal value and indicates that WKSP is financially healthy and should not expect problems in meeting its short term obligations.
WKSP has a better Quick ratio (1.67) than 87.65% of its industry peers.
Industry RankSector Rank
Current Ratio 3.3
Quick Ratio 1.67
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 -251.28% in the last year.
Looking at the last year, WKSP shows a very strong growth in Revenue. The Revenue has grown by 454.75%.
Measured over the past years, WKSP shows a very strong growth in Revenue. The Revenue has been growing by 34.47% on average per year.
EPS 1Y (TTM)-251.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%40%
Revenue 1Y (TTM)454.75%
Revenue growth 3Y204.67%
Revenue growth 5Y34.47%
Sales Q2Q%248.83%

3.2 Future

The Earnings Per Share is expected to grow by 36.23% on average over the next years. This is a very strong growth
WKSP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 121.14% yearly.
EPS Next Y54.07%
EPS Next 2Y36.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year221.24%
Revenue Next 2Y121.14%
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 40M
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.
Also next year WKSP 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
WKSP Price Earnings VS Forward Price EarningsWKSP 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
WKSP Per share dataWKSP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4

4.3 Compensation for Growth

A more expensive valuation may be justified as WKSP's earnings are expected to grow with 36.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.23%
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 (5/21/2025, 3:22:15 PM)

2.525

-0.12 (-4.72%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobile Components
Earnings (Last)05-12 2025-05-12
Earnings (Next)08-11 2025-08-11
Inst Owners7.27%
Inst Owner Change-79.68%
Ins Owners7.84%
Ins Owner Change1.3%
Market Cap12.45M
Analysts82.22
Price Target11.22 (344.36%)
Short Float %6.14%
Short Ratio0.77
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)3.44%
Min EPS beat(2)-5.58%
Max EPS beat(2)12.46%
EPS beat(4)2
Avg EPS beat(4)0.22%
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)1
Avg Revenue beat(2)13.07%
Min Revenue beat(2)-1.41%
Max Revenue beat(2)27.55%
Revenue beat(4)2
Avg Revenue beat(4)0.5%
Min Revenue beat(4)-49.74%
Max Revenue beat(4)27.55%
Revenue beat(8)2
Avg Revenue beat(8)-29.66%
Revenue beat(12)2
Avg Revenue beat(12)-46.25%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)559.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-832.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-721.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.61%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.47
P/FCF N/A
P/OCF N/A
P/B 0.71
P/tB 0.76
EV/EBITDA N/A
EPS(TTM)-5.84
EYN/A
EPS(NY)-2.68
Fwd EYN/A
FCF(TTM)-2.16
FCFYN/A
OCF(TTM)-2.06
OCFYN/A
SpS1.72
BVpS3.53
TBVpS3.34
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -62.8%
ROE -92.82%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 10.68%
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 Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 30.13%
Cap/Sales 6.23%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.3
Quick Ratio 1.67
Altman-Z -3.88
F-Score3
WACC10.75%
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)-251.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%40%
EPS Next Y54.07%
EPS Next 2Y36.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)454.75%
Revenue growth 3Y204.67%
Revenue growth 5Y34.47%
Sales Q2Q%248.83%
Revenue Next Year221.24%
Revenue Next 2Y121.14%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.03%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year67.34%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y31.71%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.02%
OCF growth 3YN/A
OCF growth 5YN/A