Workhorse Group Valuation
Is WKHS * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of WKHS * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate WKHS *'s fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate WKHS *'s fair value for valuation analysis.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WKHS *?
Key metric: As WKHS * is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is WKHS *'s PS Ratio? | |
|---|---|
| PS Ratio | 2.9x |
| Sales | US$9.10m |
| Market Cap | US$26.80m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.9x |
| Enterprise Value/EBITDA | -0.5x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does WKHS *'s PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12.5x | ||
SOLO Electrameccanica Vehicles | 41.7x | n/a | US$25.4m |
CENN Cenntro | 1x | n/a | US$38.4m |
PEV Phoenix Motor | 0.6x | n/a | US$12.1m |
ELS Elaris | 6.9x | 36.9% | €66.6m |
WKHS * Workhorse Group | 2.9x | 100.4% | Mex$26.8m |
Price-To-Sales vs Peers: WKHS * is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (10.6x).
Price to Sales Ratio vs Industry
How does WKHS *'s PS Ratio compare vs other companies in the Global Auto Industry?
| 24 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 24 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: WKHS * is expensive based on its Price-To-Sales Ratio (2.9x) compared to the Global Auto industry average (0.9x).
Price to Sales Ratio vs Fair Ratio
What is WKHS *'s PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 2.9x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate WKHS *'s Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | Mex$83.63 0% | 102.5% | Mex$204.81 | Mex$20.48 | n/a | 3 |
| Nov ’25 | Mex$17.00 | Mex$72.82 +328.3% | 114.2% | Mex$189.96 | Mex$4.75 | n/a | 3 |
| Oct ’25 | Mex$16.20 | Mex$72.82 +349.5% | 114.2% | Mex$189.96 | Mex$4.75 | n/a | 3 |
| Sep ’25 | Mex$14.55 | Mex$72.82 +400.5% | 114.2% | Mex$189.96 | Mex$4.75 | n/a | 3 |
| Aug ’25 | Mex$27.00 | Mex$105.13 +289.4% | 52.1% | Mex$181.26 | Mex$54.38 | n/a | 3 |
| Jul ’25 | n/a | Mex$105.13 0% | 52.1% | Mex$181.26 | Mex$54.38 | n/a | 3 |
| Jun ’25 | Mex$75.00 | Mex$173.88 +131.8% | 57.1% | Mex$336.00 | Mex$73.92 | n/a | 4 |
| May ’25 | n/a | Mex$191.26 0% | 45.0% | Mex$332.63 | Mex$99.79 | n/a | 4 |
| Apr ’25 | n/a | Mex$191.26 0% | 45.0% | Mex$332.63 | Mex$99.79 | n/a | 4 |
| Mar ’25 | Mex$116.00 | Mex$243.46 +109.9% | 41.0% | Mex$341.70 | Mex$119.60 | n/a | 4 |
| Feb ’25 | n/a | Mex$262.32 0% | 37.1% | Mex$340.67 | Mex$119.24 | n/a | 5 |
| Jan ’25 | n/a | Mex$309.43 0% | 22.2% | Mex$343.81 | Mex$171.91 | n/a | 5 |
| Dec ’24 | Mex$131.00 | Mex$309.43 +136.2% | 22.2% | Mex$343.81 | Mex$171.91 | n/a | 5 |
| Nov ’24 | Mex$154.40 | Mex$796.20 +415.7% | 45.7% | Mex$1,364.92 | Mex$341.23 | Mex$17.00 | 6 |
| Oct ’24 | Mex$158.00 | Mex$796.20 +403.9% | 45.7% | Mex$1,364.92 | Mex$341.23 | Mex$16.20 | 6 |
| Sep ’24 | n/a | Mex$796.20 0% | 45.7% | Mex$1,364.92 | Mex$341.23 | Mex$14.55 | 6 |
| Aug ’24 | Mex$440.00 | Mex$872.45 +98.3% | 50.5% | Mex$1,688.61 | Mex$337.72 | Mex$27.00 | 6 |
| Jul ’24 | Mex$284.00 | Mex$961.85 +238.7% | 51.2% | Mex$1,748.82 | Mex$349.76 | n/a | 6 |
| Jun ’24 | Mex$308.00 | Mex$961.85 +212.3% | 51.2% | Mex$1,748.82 | Mex$349.76 | Mex$75.00 | 6 |
| May ’24 | n/a | Mex$1,269.08 0% | 45.9% | Mex$2,175.56 | Mex$725.19 | n/a | 6 |
| Apr ’24 | n/a | Mex$1,269.08 0% | 45.9% | Mex$2,175.56 | Mex$725.19 | n/a | 6 |
| Mar ’24 | Mex$727.00 | Mex$1,357.72 +86.8% | 37.5% | Mex$2,172.35 | Mex$724.12 | Mex$116.00 | 6 |
| Feb ’24 | Mex$727.00 | Mex$1,778.83 +144.7% | 42.1% | Mex$3,162.37 | Mex$790.59 | n/a | 6 |
| Jan ’24 | Mex$640.00 | Mex$1,778.83 +177.9% | 42.1% | Mex$3,162.37 | Mex$790.59 | n/a | 6 |
| Dec ’23 | n/a | Mex$1,827.71 0% | 38.0% | Mex$3,133.22 | Mex$979.13 | Mex$131.00 | 6 |
| Nov ’23 | n/a | Mex$2,337.15 0% | 44.4% | Mex$4,407.19 | Mex$1,201.96 | Mex$154.40 | 6 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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