We’ve recently updated our valuation analysis.

Workhorse Group Valuation

Is WKHS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WKHS?

Other financial metrics that can be useful for relative valuation.

WKHS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue-603.6x
Enterprise Value/EBITDA-1.4x
PEG Ration/a

Price to Book Ratio vs Peers

How does WKHS's PB Ratio compare to its peers?

The above table shows the PB ratio for WKHS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.2x
GOEV Canoo
1.9x50.2%US$491.8m
RIDE Lordstown Motors
0.6x38.2%US$279.9m
ARVL Arrival
0.2x12.8%US$258.8m
FFIE Faraday Future Intelligent Electric
1.6x15.9%US$521.7m
WKHS Workhorse Group
2.6x45.0%US$365.9m

Price-To-Book vs Peers: WKHS is expensive based on its Price-To-Book Ratio (2.6x) compared to the peer average (1.1x).


Price to Earnings Ratio vs Industry

How does WKHS's PE Ratio compare vs other companies in the US Auto Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.2%
n/an/an/a

Price-To-Book vs Industry: WKHS is expensive based on its Price-To-Book Ratio (2.6x) compared to the US Auto industry average (2.2x)


Price to Book Ratio vs Fair Ratio

What is WKHS's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WKHS PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate WKHS's Price-To-Book Fair Ratio for valuation analysis.


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.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WKHS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.23
US$4.50
+101.8%
42.1%US$8.00US$2.00n/a6
Jan ’24US$1.52
US$4.50
+196.1%
42.1%US$8.00US$2.00n/a6
Dec ’23US$2.32
US$4.67
+101.1%
38.0%US$8.00US$2.50n/a6
Nov ’23US$2.71
US$5.83
+115.3%
44.4%US$11.00US$3.00n/a6
Oct ’23US$2.87
US$5.83
+103.3%
44.4%US$11.00US$3.00n/a6
Sep ’23US$3.14
US$5.83
+85.8%
44.4%US$11.00US$3.00n/a6
Aug ’23US$3.50
US$6.33
+81.0%
38.3%US$11.00US$3.00n/a6
Jul ’23US$2.60
US$6.33
+143.6%
38.3%US$11.00US$3.00n/a6
Jun ’23US$2.80
US$6.33
+126.2%
38.3%US$11.00US$3.00n/a6
May ’23US$3.01
US$6.75
+124.3%
29.6%US$11.00US$5.00n/a6
Apr ’23US$4.75
US$6.75
+42.1%
29.6%US$11.00US$5.00n/a6
Mar ’23US$3.74
US$7.00
+87.2%
30.6%US$11.00US$4.00n/a6
Feb ’23US$3.50
US$8.92
+154.8%
37.0%US$14.00US$6.00n/a6
Jan ’23US$4.36
US$9.04
+107.4%
35.4%US$14.00US$6.00US$1.526
Dec ’22US$5.31
US$9.04
+70.3%
35.4%US$14.00US$6.00US$2.326
Nov ’22US$7.26
US$10.25
+41.2%
41.8%US$18.00US$6.00US$2.716
Oct ’22US$7.38
US$10.25
+38.9%
41.8%US$18.00US$6.00US$2.876
Sep ’22US$9.14
US$10.83
+18.5%
37.0%US$18.00US$6.00US$3.146
Aug ’22US$11.54
US$11.80
+2.3%
44.9%US$20.00US$6.00US$3.505
Jul ’22US$15.64
US$12.70
-18.8%
39.7%US$20.00US$6.00US$2.605
Jun ’22US$9.63
US$13.42
+39.3%
36.3%US$20.00US$6.00US$2.806
May ’22US$12.39
US$19.17
+54.7%
31.2%US$29.00US$11.00US$3.016
Apr ’22US$14.14
US$19.40
+37.2%
33.0%US$29.00US$11.00US$4.755
Mar ’22US$17.34
US$19.40
+11.9%
33.0%US$29.00US$11.00US$3.745
Feb ’22US$38.86
US$25.33
-34.8%
13.4%US$29.00US$19.00US$3.506
Jan ’22US$19.78
US$24.00
+21.3%
12.7%US$29.00US$19.00US$4.366

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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