Update shared on 03 Dec 2025
Analysts have modestly lowered their price target on Worksport by approximately $0.11 per share, reflecting slightly reduced discount rate and future P/E assumptions, while still recognizing robust long term revenue growth and stable margin expectations.
What's in the News
- Official production and B2B launch of the new HD3 heavy duty tonneau cover, a more rugged evolution of the AL3 platform targeting commercial and fleet customers, with pricing starting at a MAP of $869 and a rollout to dealers and distributors through year end 2025 (Key Developments).
- Final pricing and initial fitments announced for the SOLIS solar integrated tonneau cover, offering up to 490 watts of solar generation with U.S. MSRPs ranging from $1,999 to $2,499 and compatibility with many leading pickup models ahead of the November 28, 2025 launch (Key Developments).
- Final pricing and specifications released for the COR modular portable energy system, including a $949 starter kit and scalable battery options designed to create a mobile nano grid for work, recreation, and emergency backup (Key Developments).
- Opening of a new Missouri assembly facility dedicated to SOLIS, supporting U.S. based assembly, testing, and distribution under a build to order model that is intended to improve quality, cost control, and working capital efficiency (Key Developments).
- Management reiterates 2025 revenue guidance of at least $20 million, supported by the commercial rollout of SOLIS and COR and expanding tonneau cover offerings across B2B and direct to consumer channels (Key Developments).
Valuation Changes
- Fair Value Estimate: unchanged at $8.25 per share, indicating no revision to the core intrinsic value assessment.
- Discount Rate: lowered slightly from 8.83 percent to approximately 8.57 percent, reflecting a modest reduction in perceived risk or cost of capital.
- Revenue Growth: effectively unchanged at around 108.23 percent, signaling consistent long term top line expectations.
- Net Profit Margin: increased marginally from about 5.48 percent to roughly 5.49 percent, suggesting a very small improvement in long run profitability assumptions.
- Future P/E: reduced slightly from roughly 15.03x to about 14.92x, implying a modestly more conservative valuation multiple on forward earnings.
Have other thoughts on Worksport?
Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.
Create NarrativeDisclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.