Worksport Statistics

Total Valuation

Worksport has a market cap or net worth of $27.11 million. The enterprise value is $31.25 million.

Market Cap	27.11M
Enterprise Value	31.25M

Important Dates

The last earnings date was Wednesday, November 13, 2024, after market close.

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

Share Statistics

Worksport has 32.94 million shares outstanding. The number of shares has increased by 38.80% in one year.

Current Share Class	32.94M
Shares Outstanding	32.94M
Shares Change (YoY)	+38.80%
Shares Change (QoQ)	+13.38%
Owned by Insiders (%)	10.72%
Owned by Institutions (%)	4.33%
Float	26.31M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	3.08
Forward PS	1.30
PB Ratio	1.56
P/TBV Ratio	1.80
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	4.89
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 2.96, with a Debt / Equity ratio of 0.37.

Current Ratio	2.96
Quick Ratio	0.83
Debt / Equity	0.37
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	-23.56

Financial Efficiency

Return on equity (ROE) is -94.71% and return on invested capital (ROIC) is -41.61%.

Return on Equity (ROE)	-94.71%
Return on Assets (ROA)	-37.84%
Return on Capital (ROIC)	-41.61%
Revenue Per Employee	$88,832
Profits Per Employee	-$215,582
Employee Count	72
Asset Turnover	0.26
Inventory Turnover	1.18

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -33.61% in the last 52 weeks. The beta is 0.45, so Worksport's price volatility has been lower than the market average.

Beta (5Y)	0.45
52-Week Price Change	-33.61%
50-Day Moving Average	0.79
200-Day Moving Average	0.66
Relative Strength Index (RSI)	46.72
Average Volume (20 Days)	1,563,932

Short Selling Information

The latest short interest is 746,891, so 2.27% of the outstanding shares have been sold short.

Short Interest	746,891
Short Previous Month	937,012
Short % of Shares Out	2.27%
Short % of Float	2.84%
Short Ratio (days to cover)	2.04

Income Statement

In the last 12 months, Worksport had revenue of $6.40 million and -$15.52 million in losses. Loss per share was -$0.65.

Revenue	6.40M
Gross Profit	673,354
Operating Income	-15.00M
Pretax Income	-15.12M
Net Income	-15.52M
EBITDA	-13.89M
EBIT	-15.00M
Loss Per Share	-$0.65

Full Income Statement

Balance Sheet

The company has $1.88 million in cash and $6.01 million in debt, giving a net cash position of -$4.13 million or -$0.13 per share.

Cash & Cash Equivalents	1.88M
Total Debt	6.01M
Net Cash	-4.13M
Net Cash Per Share	-$0.13
Equity (Book Value)	16.36M
Book Value Per Share	0.53
Working Capital	5.88M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$11.70 million and capital expenditures -$744,655, giving a free cash flow of -$12.44 million.

Operating Cash Flow	-11.70M
Capital Expenditures	-744,655
Free Cash Flow	-12.44M
FCF Per Share	-$0.38

Full Cash Flow Statement

Margins

Gross margin is 10.53%, with operating and profit margins of -234.56% and -242.68%.

Gross Margin	10.53%
Operating Margin	-234.56%
Pretax Margin	-242.68%
Profit Margin	-242.68%
EBITDA Margin	-217.21%
EBIT Margin	-234.56%
FCF Margin	n/a

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	-38.80%
Shareholder Yield	-38.80%
Earnings Yield	-57.25%
FCF Yield	-45.88%

Analyst Forecast

The average price target for Worksport is $2.00, which is 142.95% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$2.00
Price Target Difference	142.95%
Analyst Consensus	Strong Buy
Analyst Count	1
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 0.05:1.

Last Split Date	Aug 4, 2021
Split Type	Reverse
Split Ratio	0.05:1

Scores

Worksport has an Altman Z-Score of -3.32 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	-3.32
Piotroski F-Score	3