Workhorse Group Inc.

NasdaqCM:WKHS Stock Report

Market Cap: US$25.6m

Workhorse Group Valuation

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

Valuation Score

1/6

Valuation 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.

The above table shows the Price to Sales ratio for WKHS. This is calculated by dividing WKHS's market cap by their current revenue.
What is WKHS's PS Ratio?
PS Ratio2.8x
SalesUS$9.10m
Market CapUS$25.58m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for WKHS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average14.8x
CENN Cenntro
1xn/aUS$39.2m
SOLO Electrameccanica Vehicles
41.7xn/aUS$25.4m
PEV Phoenix Motor
0.6xn/aUS$12.6m
EVTV Envirotech Vehicles
16xn/aUS$28.1m
WKHS Workhorse Group
2.8x101.1%US$25.6m

Price-To-Sales vs Peers: WKHS is good value based on its Price-To-Sales Ratio (2.8x) compared to the peer average (12.4x).

Price to Sales Ratio vs Industry

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

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
GM General Motors
0.3x1.2%US$60.60b
F Ford Motor
0.2x0.7%US$43.92b
THO THOR Industries
0.6x5.0%US$5.73b
ZK ZEEKR Intelligent Technology Holding
0.6x23.5%US$5.18b
WKHS 2.8xIndustry Avg. 1.1xNo. of Companies17PS048121620+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WKHS is expensive based on its Price-To-Sales Ratio (2.8x) compared to the US Auto industry average (1.1x).

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.

WKHS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ratio0.00005x

Price-To-Sales vs Fair Ratio: WKHS is expensive based on its Price-To-Sales Ratio (2.8x) compared to the estimated Fair Price-To-Sales Ratio (0x).

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$0.96
US$4.17
+333.5%
99.0%US$10.00US$1.25n/a3
Nov ’25US$0.77
US$3.83
+397.3%
114.2%US$10.00US$0.25n/a3
Oct ’25US$0.75
US$3.83
+411.0%
114.2%US$10.00US$0.25n/a3
Sep ’25US$0.68
US$3.83
+463.7%
114.2%US$10.00US$0.25n/a3
Aug ’25US$1.34
US$5.80
+332.8%
52.1%US$10.00US$3.00n/a3
Jul ’25US$1.52
US$5.80
+281.6%
52.1%US$10.00US$3.00n/a3
Jun ’25US$3.90
US$10.35
+165.5%
57.1%US$20.00US$4.40n/a4
May ’25US$3.29
US$11.50
+249.5%
45.0%US$20.00US$6.00n/a4
Apr ’25US$4.53
US$11.50
+153.6%
45.0%US$20.00US$6.00n/a4
Mar ’25US$6.74
US$14.25
+111.4%
41.0%US$20.00US$7.00n/a4
Feb ’25US$5.34
US$15.40
+188.4%
37.1%US$20.00US$7.00n/a5
Jan ’25US$7.20
US$18.00
+150.0%
22.2%US$20.00US$10.00n/a5
Dec ’24US$7.83
US$18.00
+129.8%
22.2%US$20.00US$10.00n/a5
Nov ’24US$8.20
US$46.67
+469.1%
45.7%US$80.00US$20.00US$0.776
Oct ’24US$8.29
US$46.67
+463.1%
45.7%US$80.00US$20.00US$0.756
Sep ’24US$15.04
US$46.67
+210.3%
45.7%US$80.00US$20.00US$0.686
Aug ’24US$26.00
US$51.67
+98.7%
50.5%US$100.00US$20.00US$1.346
Jul ’24US$17.43
US$55.00
+215.5%
51.2%US$100.00US$20.00US$1.526
Jun ’24US$17.29
US$55.00
+218.2%
51.2%US$100.00US$20.00US$3.906
May ’24US$17.85
US$70.00
+292.2%
45.9%US$120.00US$40.00US$3.296
Apr ’24US$26.60
US$70.00
+163.2%
45.9%US$120.00US$40.00US$4.536
Mar ’24US$35.10
US$75.00
+113.7%
37.5%US$120.00US$40.00US$6.746
Feb ’24US$46.40
US$90.00
+94.0%
42.1%US$160.00US$40.00US$5.346
Jan ’24US$30.40
US$90.00
+196.1%
42.1%US$160.00US$40.00US$7.206
Dec ’23US$46.40
US$93.33
+101.1%
38.0%US$160.00US$50.00US$7.836
Nov ’23US$54.20
US$116.67
+115.3%
44.4%US$220.00US$60.00US$8.206

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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