Workhorse Group
Market Cap
US$229.7m
Last Updated
2019/10/21 00:17 UTC
Data Sources
Company Financials +
Executive Summary
Workhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States.
Snowflake
Fundamentals
Limited growth with weak fundamentals.
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
Market Performance
7 Day Return
-4.9%
WKHS
3.3%
US Auto Components
0.5%
US Market
1 Year Return
265.3%
WKHS
-2.4%
US Auto Components
6.8%
US Market
Return vs Industry: WKHS exceeded the US Auto Components industry which returned -2.4% over the past year.
Return vs Market: WKHS exceeded the US Market which returned 6.8% over the past year.
Shareholder returns
| WKHS | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.9% | 3.3% | 0.5% |
| 30 Day | 6.8% | 2.7% | -0.8% |
| 90 Day | -2.3% | 1.1% | -0.9% |
| 1 Year | 265.3%265.3% | -0.9%-2.4% | 9.2%6.8% |
| 3 Year | -50.3%-50.3% | 10.9%-0.5% | 45.6%36.2% |
| 5 Year | 131.3%131.3% | 19.7%3.3% | 63.2%45.4% |
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
2 weeks ago | Simply Wall St
The Workhorse Group (NASDAQ:WKHS) Share Price Has Gained 214%, So Why Not Pay It Some Attention?10 months ago | Simply Wall St
Who Has Been Buying Workhorse Group Inc. (NASDAQ:WKHS) Shares?11 months ago | Simply Wall St
When Will Workhorse Group Inc (NASDAQ:WKHS) Turn A Profit?Valuation
Is Workhorse Group undervalued compared to its fair value and its price relative to the market?
Share Price vs. Fair Value
Below Fair Value: WKHS ($3.47) is trading above our estimate of fair value ($0.38)
Significantly Below Fair Value: WKHS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WKHS is unprofitable, so we can't compare its PE Ratio to the Auto Components 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 has negative assets, so we can't compare its PB Ratio to the US Auto Components industry average.
Next Steps
Future Growth
How is Workhorse Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
71.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WKHS is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: WKHS is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: WKHS is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: WKHS's revenue (127% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: WKHS's revenue (127% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WKHS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Workhorse Group performed over the past 5 years?
-42.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: WKHS is unprofitable, and losses have increased over the past 5 years at a rate of -42.1% 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 Components industry (8.1%).
Return on Equity
High ROE: WKHS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
ROA vs Industry: WKHS is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: WKHS is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Workhorse Group's financial position?
Financial Position Analysis
Short Term Liabilities: WKHS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: WKHS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: WKHS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: WKHS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Inventory Level: WKHS has a high level of physical assets or inventory.
Debt Coverage by Assets: WKHS has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 less than a year of cash runway 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.
Next Steps
Dividend
What is Workhorse Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate WKHS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate WKHS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Workhorse Group's salary, the management and board of directors tenure and is there insider trading?
0.7yrs
Average management tenure
CEO
Duane Hughes (55yo)
0.7yrs
Tenure
US$1,050,150
Compensation
Mr. Duane Hughes is the Chief Executive Officer of Workhorse Group Inc. since February 5, 2019. He was the President of Workhorse Group Inc. since September 6, 2015 until February 5, 2019 and its Chief Ope ...
CEO Compensation Analysis
Compensation vs. Market: Duane's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD1.16M).
Compensation vs Earnings: Duane's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
0.7yrs
Average Tenure
59yo
Average Age
Experienced Management: WKHS's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Age and Tenure
3.5yrs
Average Tenure
53.5yo
Average Age
Experienced Board: WKHS's board of directors are considered experienced (3.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 178,333 |
| Max Price | US$0.92 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 841,934 |
| Max Price | US$0.95 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 26,310 |
| Max Price | US$0.95 |
Ownership Breakdown
Management Team
Steve Burns (59yo)
Co-Founder & Consultant
- Tenure: 0yrs
- Compensation: US$2.37m
Duane Hughes (55yo)
CEO & Director
- Tenure: 0.7yrs
- Compensation: US$1.05m
Paul Gaitan (59yo)
Chief Financial Officer
- Tenure: 2.2yrs
- Compensation: US$522.20k
Rob Willison
Chief Operating Officer
- Tenure: 0.7yrs
Board Members
Harry DeMott (52yo)
Director
- Tenure: 3.1yrs
- Compensation: US$40.00k
Ben Samuels (52yo)
Director
- Tenure: 3.8yrs
- Compensation: US$40.00k
Gerald Budde (58yo)
Director
- Tenure: 3.8yrs
- Compensation: US$40.00k
Michael Clark (47yo)
Director
- Tenure: 1.1yrs
Ray Chess (61yo)
Chairman
- Tenure: 3.8yrs
- Compensation: US$40.00k
Duane Hughes (55yo)
CEO & Director
- Tenure: 0.7yrs
- Compensation: US$1.05m
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: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: US$229.667m
- Shares outstanding: 66.19m
- Website: https://www.workhorse.com
Number of Employees
Location
- Workhorse Group Inc.
- 100 Commerce Drive
- Loveland
- Ohio
- 45140
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WKHS | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Dec 2009 |
| 1WO | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 2009 |
| 1WO | BST (Boerse-Stuttgart) | Yes | Common Stock | DE | EUR | Dec 2009 |
Biography
Workhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company al ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 00:17 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.