Workhorse Group
Market Cap
US$1.4b
Last Updated
2021/07/31 23:11 UTC
Data Sources
Company Financials +
Executive Summary
Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Workhorse Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WKHS is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: WKHS's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
7.0%
WKHS
5.1%
US Auto
-0.5%
US Market
1 Year Return
-25.6%
WKHS
128.4%
US Auto
35.9%
US Market
Return vs Industry: WKHS underperformed the US Auto industry which returned 128.4% over the past year.
Return vs Market: WKHS underperformed the US Market which returned 35.9% over the past year.
Shareholder returns
| WKHS | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.0% | 5.1% | -0.5% |
| 30 Day | -26.2% | -1.4% | 0.09% |
| 90 Day | -6.9% | 1.0% | 3.2% |
| 1 Year | -25.6%-25.6% | 128.5%128.4% | 38.0%35.9% |
| 3 Year | 635.0%635.0% | 355.4%334.8% | 62.8%52.6% |
| 5 Year | 77.3%77.3% | 506.0%439.6% | 121.2%96.9% |
Long-Term Price Volatility Vs. Market
How volatile is Workhorse Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Need To Know: Workhorse Group Inc. (NASDAQ:WKHS) Insiders Have Been Selling Shares1 month ago | Simply Wall St
What Type Of Shareholders Own The Most Number of Workhorse Group Inc. (NASDAQ:WKHS) Shares?2 months ago | Simply Wall St
Workhorse Group (NASDAQ:WKHS) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, AnywayValuation
Is Workhorse Group undervalued compared to its fair value and its price relative to the market?
5.16x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate WKHS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate WKHS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: WKHS is unprofitable, so we can't compare its PE Ratio to the US Auto industry average.
PE vs Market: WKHS is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WKHS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: WKHS is overvalued based on its PB Ratio (5.2x) compared to the US Auto industry average (3.2x).
Future Growth
How is Workhorse Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
85.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WKHS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: WKHS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: WKHS's is expected to become profitable in the next 3 years.
Revenue vs Market: WKHS's revenue (59.8% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: WKHS's revenue (59.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WKHS is forecast to be unprofitable in 3 years.
Past Performance
How has Workhorse Group performed over the past 5 years?
-23.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WKHS is currently unprofitable.
Growing Profit Margin: WKHS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: WKHS is unprofitable, and losses have increased over the past 5 years at a rate of 23.6% per year.
Accelerating Growth: Unable to compare WKHS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: WKHS is unprofitable, making it difficult to compare its past year earnings growth to the Auto industry (180.2%).
Return on Equity
High ROE: WKHS has a negative Return on Equity (-20.13%), as it is currently unprofitable.
Financial Health
How is Workhorse Group's financial position?
Financial Position Analysis
Short Term Liabilities: WKHS's short term assets ($467.4M) exceed its short term liabilities ($17.6M).
Long Term Liabilities: WKHS's short term assets ($467.4M) exceed its long term liabilities ($186.6M).
Debt to Equity History and Analysis
Debt Level: WKHS's debt to equity ratio (66.1%) is considered high.
Reducing Debt: WKHS's debt to equity ratio has increased from 0.9% to 66.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: WKHS has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if WKHS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is Workhorse Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WKHS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WKHS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WKHS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WKHS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WKHS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.6yrs
Average management tenure
CEO
Duane Hughes (57 yo)
2.33yrs
Tenure
US$1,334,750
Compensation
Mr. Duane A. Hughes is the Chief Executive Officer of Workhorse Group Inc. since February 4, 2019 and also serves as Treasurer. He was the President of Workhorse Group Inc. since September 6, 2015 until Fe...
CEO Compensation Analysis
Compensation vs Market: Duane's total compensation ($USD1.33M) is below average for companies of similar size in the US market ($USD3.66M).
Compensation vs Earnings: Duane's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: WKHS's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
Experienced Board: WKHS's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.8%.
Top Shareholders
Company Information
Workhorse Group Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Workhorse Group Inc.
- Ticker: WKHS
- Exchange: NasdaqCM
- Founded: 2007
- Industry: Automobile Manufacturers
- Sector: Automobiles
- Market Cap: US$1.422b
- Shares outstanding: 123.26m
- Website: https://www.workhorse.com
Number of Employees
Location
- Workhorse Group Inc.
- 100 Commerce Drive
- Loveland
- Ohio
- 45140
- United States
Listings
Biography
Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telemat...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/31 23:11 |
| End of Day Share Price | 2021/07/30 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.