Worksport Statistics

Total Valuation

Worksport has a market cap or net worth of $18.97 million. The enterprise value is $20.99 million.

Market Cap	18.97M
Enterprise Value	20.99M

Important Dates

The next confirmed earnings date is Tuesday, August 13, 2024, after market close.

Earnings Date	Aug 13, 2024
Ex-Dividend Date	n/a

Share Statistics

Worksport has 28.52 million shares outstanding. The number of shares has increased by 23.48% in one year.

Shares Outstanding	28.52M
Shares Change (YoY)	+23.48%
Shares Change (QoQ)	+11.50%
Owned by Insiders (%)	8.96%
Owned by Institutions (%)	10.73%
Float	22.45M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	9.43
Forward PS	2.69
PB Ratio	1.00
P/FCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	10.44
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.37, with a Debt / Equity ratio of 0.30.

Current Ratio	1.37
Quick Ratio	0.49
Debt / Equity	0.30
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	-25.31

Financial Efficiency

Return on equity (ROE) is -83.00% and return on invested capital (ROIC) is -60.69%.

Return on Equity (ROE)	-83.00%
Return on Assets (ROA)	-57.70%
Return on Capital (ROIC)	-60.69%
Revenue Per Employee	$27,921
Profits Per Employee	-$210,005
Employee Count	72
Asset Turnover	0.08
Inventory Turnover	0.43

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -79.22% in the last 52 weeks. The beta is 0.79, so Worksport's price volatility has been lower than the market average.

Beta (5Y)	0.79
52-Week Price Change	-79.22%
50-Day Moving Average	0.68
200-Day Moving Average	1.09
Relative Strength Index (RSI)	43.89
Average Volume (20 Days)	313,582

Short Selling Information

The latest short interest is 617,614, so 2.17% of the outstanding shares have been sold short.

Short Interest	617,614
Short Previous Month	598,596
Short % of Shares Out	2.17%
Short % of Float	2.75%
Short Ratio (days to cover)	2.04

Income Statement

In the last 12 months, Worksport had revenue of $2.01 million and -$15.12 million in losses. Loss per share was -$0.82.

Revenue	2.01M
Gross Profit	265,802
Operating Income	-14.86M
Pretax Income	-15.12M
Net Income	-15.12M
EBITDA	-13.25M
EBIT	-14.55M
Loss Per Share	-$0.82

Full Income Statement

Balance Sheet

The company has $3.55 million in cash and $5.58 million in debt, giving a net cash position of -$2.03 million or -$0.07 per share.

Cash & Cash Equivalents	3.55M
Total Debt	5.58M
Net Cash	-2.03M
Net Cash Per Share	-$0.07
Equity (Book Value)	18.90M
Book Value Per Share	0.66
Working Capital	2.90M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$11.79 million and capital expenditures -$2.82 million, giving a free cash flow of -$14.61 million.

Operating Cash Flow	-11.79M
Capital Expenditures	-2.82M
Free Cash Flow	-14.61M
FCF Per Share	-$0.69

Full Cash Flow Statement

Margins

Gross margin is 13.22%, with operating and profit margins of -739.00% and -752.13%.

Gross Margin	13.22%
Operating Margin	-739.00%
Pretax Margin	-752.13%
Profit Margin	-752.13%
EBITDA Margin	-658.98%
EBIT Margin	-723.54%
FCF Margin	-726.59%

Dividends & Yields

Worksport does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-23.48%
Shareholder Yield	-23.48%
Earnings Yield	-79.72%
FCF Yield	-77.01%

Analyst Forecast

Price Target	n/a
Price Target Difference	n/a
Analyst Consensus	n/a
Analyst Count	n/a
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

Stock Splits

The last stock split was on August 4, 2021. It was a reverse split with a ratio of 1:20.

Last Split Date	Aug 4, 2021
Split Type	Reverse
Split Ratio	1:20

Scores

Worksport has an Altman Z-Score of -2.87 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	-2.87
Piotroski F-Score	2